Fortune magazine has just released it's 2007 list of the '100 Best Companies to Work For' in the US. Here's the Top 20 and a few other interesting entries:
Here's a real gem to start off the New Year. The story was fed to us by a mole present when the events detailed below occurred. He has asked to remain anonymous, and for us to withhold the name of his firm, as he fears for his job.
The Sunday Times 'Prufrock' column had an interesting little story this weekend.
Reuters has reported that Edward Sullivan, a former Managing Director at Morgan Stanley, has filed a lawsuit against the Wall Street firm in New York, seeking some $30m in actual and punitive damages as he claims he was fired after two of the firm's HR department 'made up' a 'poison-pen critique' and passed it off as his peformance appraisal. He says that he was axed simply because of his age.
The Wall Street Journal reports that Nick Maounis, the founder of failed hedge fund Amaranth (yes, the firm which lost $6.4bn of its value in a few days last year because of losing bets on the direction of the gas market) is looking to start up a new business. The newspaper quotes unnamed people 'close to the situation', who have said that Maounis is thinking of starting a new fund with a few ex-colleagues.
The Daily Telegraph reports that there have been 'a number of recent departures' from Barclays private broking unit Gerrard, both in the City at the firm's Ipswich office.
Bloomberg reports that The London Ambulance Service laid on a mobile treatment center in the City before Christmas, together with a 'booze bus' in the West End to help leggless bankers out celebrating record bonuses.
The New York Times has reported that William Gavin, the Massachusetts secretary of state, has subpoenaed documents from UBS, and is looking into the relationship between the firm and several small hedge funds who 'lease' space from the bank in the state.
Here's Thomson Financial's league table of the Top 25 advisory firms worldwide in 2006:
Here's a league table of Thomson Financial's Top 20 European advisory firms in Europe in 2006:
Now this guy really doesn't hold back.
Twenty-two of the 50 biggest banks have announced plans to eliminate at least 1,000 positions each since the start of August 2011, according to data compiled by Bloomberg.
Vikram Pandit, who stepped down Tuesday as Citigroup’s Chief Executive Officer, stands to forfeit almost $33m in cash and stock from a retention package unless the board gives him a payout to ease his exit.