The New York Times' 'Deal Journal' reports that new AIG CEO Edward Liddy has written to CNBC 'Mad Money' host Jim Cramer, seeking an apology for Cramer's recent suggestion that viewers should 'harass' AIG employees.
Merrill Lynch CEO John Thain was interviewed by Bloomberg TV in Dubai earlier Monday. He talked generally on the economy at large, but was a little more specific about job losses likely due to his firm's impending merger with Bank of America.
Here's a little something sent in by one of our readers, adapted from an old classic (original author unknown).
There's a new book out by Brett Cole on the M&A industry. It's a good read.
Stephen Sidebottom, HR Director at Nomura International, is among Personnel Today's UK 'Top 40 Power Players in HR' again this year, rising 12 places in the list, coming in at number 25.
Shares in Citic Pacific, a unit of China's largest state-owned investment company, fell 55% Tuesday (to their lowest level in 18 years) on the news that what was thought to be an FX hedge was likely to result in the unit taking a $2bn bath.
The Independent reports that 'a storm is brewing' over the bonuses guaranteed to senior Lehman Brothers employees who made the switch to Nomura International last month.
It's Merrill Lynch's turn in the spotlight this week. After CEO John Thain confirmed during a Bloomberg TV interview Monday that 'thousands' of jobs would go following Merrill's merger with Bank of America, all sorts of stuff is now coming out in the media.
Here are a few reader comments on the recent 'It Just Doesn't Pay To Be A Good & Loyal Employee' item:
Hedge fund manager Andrew Lahde, who delivered a staggering 870% return last year over at Lahde Capital, has retired at the age of 37. He couldn't go, however, without having a pop at the industry that made him his fortune.
The Federal Energy Regulatory Commission (FERC) Tuesday ordered Barclays Bank and four of its traders to pay $453m in civil penalties for manipulating electric energy prices in California and other western markets between November 2006 and December 2008.
Good to be a Gold man ?
Bernie Madoff got 150 years in clink for his $65bn Ponzi scheme. In China, financial felons don't get off so lightly.