• Goldman Holders Miffed at Bonuses – And there’s bellyaching that GS is trying to pull a fast one by including temps to pull down the comp per employee. Sneaky. [WSJ]
• EBay completes sale of Skype – The auction block gets $2 billion and still retains a 30% stake. [Reuters]
• SEC Told to Improve Ways It Chooses Probe Targets – Eenie, meenie, miney, moe just won’t cut it anymore. [AP via NYT]
• US House Panel Approves A Toned-Down Accounting Proposal – After amendments, the final word on all things FASB remains with the SEC. [Dow Jones]
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Preliminary Analytics | 09.10.09
• The Oprah effect: Winfrey credited with helping boost Michigan Avenue business Tuesday – Oprah encourages us back to irresponsible behavior. Wa-hoo! [CT]
• Madoff Slept Here May Prove Selling Point for NY, Florida Homes – ‘People will be underwhelmed when they see the Palm Beach house — the location is great but the house is so dated it will probably be knocked down.’ That’s a shame. [Bloomberg]
• Brooklyn’s Madoff, Ponzi-schemer Philip Barry, getting public assistance – No surprise here since he was running a business from the stone age. [NYDN]
• Steve Jobs lights up Apple show – In other news, Apple fanboys, he’ll be dead eventually. [BBC]
• Phone transcript reveals Bernie Madoff coached potential witness on duping SEC investigators – “Bernie Madoff once coached a potential witness on how to fool SEC investigators, saying ‘you don’t have to be too brilliant’ to get away with it, it was revealed Wednesday.” So Bern was at least providing training, unlike some people we know…[NYDN]
Preliminary Analytics | 11.19.09
• Better Paydays Ahead – “Many employers are planning to reinstate merit increases in 2010, but some compensation experts say base salaries are unlikely to return to pre-recession levels anytime soon, if ever.” Probably not what you had in mind. [WSJ]
• Reid $849 Billion Measure Widens Health Coverage, Cuts Deficit – “Senate Majority Leader Harry Reid unveiled an $849 billion health-care plan that would create new government competition for private insurers, cover almost all Americans and raise a payroll tax on the highest earners.” [Bloomberg]
• Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired – This smells desperate. [Naked Capitalism]
• Exclusive: GM Must Pay Debt, Make Money Before IPO – ” General Motors
• Bill Richardson’s Awkward Link To Alleged Ponzi Schemer – Apparently Hassan Nemazee’s firm has a four year contract to manage money for the Land of Enchantment. Yeah, that is awkward. [Forbes]
Preliminary Analytics | 10.20.09
• PwC: Sour Economy Sparks Divestitures – “Each of the Big Four accounting firms have scrutinized the corporate divestiture market over the last three quarters and have come up with largely the same conclusions.” Anyone surprised by this? [CFO]
• Galleon Clients Abandon Ship – “Galleon’s chief operating officer, Rick Schutte, directed portfolio managers Monday to shed some positions in a “coordinated, orderly fashion,” according to a Galleon trader. The trader said he wasn’t told to sell everything but to begin raising some cash.” [WSJ]
• NYC Judge Tosses Suit Against Biden’s Son, Brother – The non-Joe Bidens had been sued for $10 mil by an investor who says he was double-crossed on a purchase of a hedge fund firm. [AP via NYT]
• Huron, others could get caught in Galleon Group problems – Raj held nearly 6% of Huron in mid-August according to the Trib. [CT]