A thriving industry has sprung up around people 40-plus going back to work or switching careers. The newest wrinkle is something called a “returnship,” which is practiced at a handful of leading companies including Goldman Sachs and Sara Lee.
Goldman Sachs
Viewpoint: How Wall Street Rigs the Game
If you watched the recent presidential debates or the Republican and Democratic conventions, you might have gotten the impression that the practices of Wall Street that led to the worst financial crisis since the Great Depression …
Uber: Silicon Valley App-Hailing Startup Takes On NYC Taxi Industry
San Francisco startup Uber’s ‘black-car’ mobile app has been a big hit with riders and drivers. But the company is running into a snarl of traffic as it tries to extend its service to New York City taxi-cabs.
The Accounting Trick Behind Thirty Years of Scandal
Once upon a time, New York City’s Times Square was plagued with Three Card Monte dealers who made their living bilking unsuspecting tourists out of their five and ten dollar bills with the aid of paid shills and a little …
Facebook Banker Morgan Stanley ‘Likes’ — But Doesn’t Love — FB Stock
Analysts at Facebook’s lead underwriter, Morgan Stanley, have set a price target of $38 on newly-public Facebook’s stock — just weeks after the Wall Street giant’s investment bankers took the social network public at that price. …
After Facebook Debacle, Can Investors Trust the IPO Process?
It’s been over a month since Facebook’s troubled initial public offering, and the fallout continues to reverberate from Wall Street to Capitol Hill. Angry shareholders have filed over 40 lawsuits against Facebook, its …
Curious CapitalistCurious Capitalist
Moody’s Downgrades — Should We Care?
You’d be forgiven for asking who cares about Moody’s downgrading yesterday of 15 of the world’s biggest banks, including giants like Credit Suisse, Morgan Stanley, Barclays, BNP Paribas, Citigroup, Goldman Sachs, JPMorgan Chase …
Who’s to Blame for the Facebook IPO Debacle? Federal Court May Decide
Technical errors caused by the Nasdaq stock exchange helped push down Facebook shares in early trading, the social networking giant suggested in a legal filing late Friday, turning what should have been a triumphant moment for …
Fallen Icon: Former Goldman Sachs Director Rajat Gupta Found Guilty
Former blue-chip honcho could face 20 years after conviction on conspiracy and three insider trading charges.
Buffett’s New Message: Damn the Deal, Keep Work and Life in Balance
It must be great to be Warren Buffett, and not just for the money and influence. Recent court testimony in the insider-trading trial of former Goldman Sachs director Rajat K. Gupta elicited this gem: while negotiating a $5 billion investment in Goldman at the height of the financial crisis—an investment that would shore up the bank’s …
Facebook, Wall Street Banks Sued Over Pre-IPO Financial Forecasts
Just days after its controversial IPO, Facebook and its Wall Street bankers have been hit by shareholder lawsuits alleging that the social networking giant and its underwriters concealed the company’s decelerating revenue growth …
