Wall Street needs to shed Facebook’s shroud

May 30, 2012

As Facebook continues its search for a bottom after only eight trading days as a public company, there’s a much bigger problem than the $40 billion in market cap it has lost. The people behind Facebook’s dubious $100 billion-plus self-valuation were apparently as doubtful as the rest of us. At stake is the fate of Wall Street’s soul. To paraphrase Sir Thomas More’s line in A Man For All Seasons: “It profits a man nothing to give his soul for the whole world…” – but for Facebook?

Bonnie and Yonni — Disney dynamic duo, immortalized

May 27, 2010

Bonnie and Yonni are unlikely to go down in the history books as among the nimblest of partners-in-crime. But they might have earned a prominent place among the most candid.

from DealZone:

Truth in tender offers? An eyewitness account.

July 24, 2009

U.S. Securities regulators on Thursday sued a well-connected Kuwaiti financier, saying he reaped millions in suspicious profits after false takeover reports briefly sent shares of Harman International Industries soaring this week.

from Summit Notebook:

SEC’s Schapiro says journalist job cuts worrying

April 29, 2009

Mary Schapiro, America's new top cop for the securities industry, said the current mass culling of journalists' jobs is a concern because it could reduce the number of leads that regulators get as they seek to crack down on nefarious behavior.

from DealZone:

Allen Stanford: Fraudster or just “Crazy for Cricket”?

February 18, 2009

Texan billionaire Allen Stanford says the English cricket authorities need to have a new Twenty20 league in place within two years or they risk "missing the boat" during an interview with Reuters on May 1, 2008 in Miami.

Allen Stanford's financial empire is in chaos after the SEC charged that he and his partners were perpetrating a "massive" fraud, but only four months ago things appeared much sunnier, at least in a glowing Forbes profile that described his investment strategy as "sure and steady."