‘WALL STREET SALOON’ Archives
Did rampant adultery destroy the American economy?
DID RAMPANT ADULTERY DESTROY THE AMERICAN ECONOMY? What does adultery have to do with the Great Recession, unemployment, housing foreclosures, bank defaults and Lehman Brothers, you ask? I don't know yet. I'm working on a theory and I expect to have something in under 60 seconds......... I am certain there is some kind of connection how ever [...]
Are wealth managers giving sexist advice to affluent divorcees?
WEALTHY DIVORCEÉS GET NO RESPECT FROM WEALTH MANAGERS A recent Newsweek article suggests that wealthy divorceés are not getting enough respect from wealth managers, generally speaking. These women feel that wealth managers are not paying enough attention to a change in life, like divorce, that could alter their investment priorities. They [...]
The top 10 most eligible billionaires: Who’s divorced? Who’s widowed?
DIVORCE SALOON'S LIST OF 10 MOST ELIGIBLE BILLIONAIRES Oh my heavens! Eligible billionaires! Ooh!!! This is delicious! Well, let's start off by making an observation: Billionaires, by and large, seem very marriage-prone. Of the top 50 we looked at (there are over 700 so we may update our list in days to come), only 10 were available [...]
NEW YORK: Billionaire Stanley Druckenmiller divorces ALL his investors
STANLEY DRUCKENMILLER'S DIVORCE Yesterday we dubbed George Soros the "divorcing man" because we felt he has a history of "dropping people like bricks" when he is over them for whatever reason. And that includes his wives. Now, today, we get wind that one of George's protéges, supertrader Stanley Druckenmiller, also has a reputation for [...]
George Soros is the divorcing man
IS GEORGE SOROS THE DIVORCING MAN? Billionaire philanthropist George Soros' new name should be "the divorcing man." That is because when he's had enough he doesn't think twice about dropping 'em like a brick. And not just his wives. He's had about two of those so far and he dropped them like a brick when he ceased being impressed with their [...]
Billionaire Ron Burkle whose messy 2006 divorce ended with various cross-suits starts a proxy war for Barnes and Noble
SUPERMARKET BILLIONAIRE DIVORCÉ MAKES A PLAY FOR BARNES AND NOBLE Supermarket billionaire divorcé and Bill Clinton crony Ron Burkle loves nothing like he loves a good fight. Even his ex wife Janet has said so. She said he doesn't like to lose: "My husband cannot tolerate losing--anything!" Janet Burkle said in a court declaration filed [...]
AIG posts billions in second 2Q losses time to divorce Benmosche?
TIME FOR AIG TO DIVORCE BENMOSCHE? The insurance giant AIG has posted huge second quarter losses. Is it time for the company board to give Robert Benmosche the heave ho, aka divorce him? Or does the loss look worse than it really is? BusinessWeek.com: "American International Group Inc., the insurer rescued by the U.S., posted a quarterly [...]
Bigamous marriage between Ford, Mazda and Changan ends in divorce: dissolution granted by government
BIGAMOUS MARRIAGE BETWEEN FORD, MAZDA AND CHANGDAN'S BEEN ANNULLED. Don't know if you were aware of this. I certainly wasn't. But apparently China's Changdan had entered into a bigamous relationship with Mazda and Ford that ended up making all parties miserable. Presumably because neither partner could get enough quality time with each other. [...]
Google & Verizon: A corporate divorce waiting to happen?
GOOGLE & VERIZON: A CORPORATE DIVORCE WAITING TO HAPPEN? Google and Verizon have been frolicking in bed together and they are the cusp of getting a convenience marriage according to very reputable press reports and a few blog paparazzis. All I can think about is the inevitable divorce and speculate about how long it will take and how [...]
Is a CEO’s severance pay marital property?
IS A CEO'S SEVERANCE PAY MARITAL PROPERTY? Mark Hurd, ex CEO of HP, who quit last week amid a sexual harassment scandal, reportedly got a seven figure severance package as the company ushered him out of the door. According to Bloomberg: Hurd will get a severance payment of $12.2 million, plus other benefits that include a prorated vesting [...]
Is Jodie Fisher the “cougar” who brought down HP CEO Mark Hurd? What about his marriage?
WHO IS JODIE FISHER? I just saw a tweet by the WSJ that a woman by the name of Jodie Fisher is the woman behind the sexual harassment allegations against Mark Hurd, the HP CEO who lost his job last week when the scandal broke. So I googled the name and came upon this website called realitytvworld.com? Seems there was a Jodie Fisher who [...]
Will HP CEO Marc Hurd’s wife Paula Hurd file for divorce now that he’s quit amid sexual harassment scandal?
Hewlett Packard CEO Mark Hurd has self-destructed. He got himself caught up in a sexual harassment situation with a female contractor for his company and so he was forced out, not because of the sexual harassment directly, but because his conduct was deemed an exercise of poor judgment by the company's board. Hardly a novel story, is it? But [...]
DALLAS: SEC charges billionaire brothers Sam & Charles Wyly with fraud: What’s divorce got to do with it?
BILLIONAIRE SAM WYLY'S DIVORCE LEADS TO SEC CHARGES Self-described "monomaniac" Sam Wyly and his brother Charles are Texas billionaires with ties to Georgie W. Bush and the notorious British Petroleum ("BP"). The brothers are self-made billionaires who consistently make the Forbes list of Billionaires and even the Forbes list of "greenest" [...]
MASSACHUSETTS: Fidelity exec Sanjiv Mirchandani and his beauty queen wife Sabina Paul to divorce
FIDELITY EXEC AND BEAUTY QUEEN WIFE IN MESSY DIVORCE What happens when a beauty queen turns 50? Well, if you are Indian beauty Sabina Paul and you are married to "mutual fund multimillionaire" and head of Fidelity Investments, Sanjiv Mirchandani, you file for divorce. But only after beating your husband with a bottle of wine that leaves bruises so [...]
The hedge fund divorce: London-based super-couple Martin Coward & Elena Ambrosiadou (“IKOS”) to duke it out in divorce court
ANOTHER HEDGE FUND DIVORCE: Juicy details of the contested divorce between British born Martin Coward and his wife Elena Ambrosiadou to follow. In the meantime, here a little bit of the back story, courtesy of the Wall Street Journal. We'll be back at you with more as soon as we have it. The WSJ: The couple launched the Ikos group of hedge [...]
Now that European banks passed the stress test, what are the odds that EMU will divorce the Euro?
SHOULD THE EMU DIVORCE THE EURO? Maybe it doesn't make sense for the EMU to divorce the Euro after all. The Wall Street Journal today announced that only 7 European banks have failed the much anticipated "stress test" and even though the Euro is trading lower against the dollar, all bets are off that Europe is fiscally unsustainable, in spite [...]
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