BizJournals Portfolio
Nov 16 2008 7:23pm EDT

Extra Credit, Sunday Edition

Top Goldman Sachs Executives Will Not Receive Bonuses for 2008: A 99% pay cut for Lloyd Blankfein, but none of his $68.5 million 2007 bonus is being clawed back.

A New Bailout Low: Buy a $10 million bank, get a $3.4 billion bailout free!

Foreign Aid Goes Military! Easterly on Collier. Important.

A Pig in a Poke: How Morgan Stanley misled retail investors in Singapore, who thought they were taking Australia and Singapore credit risk but who were actually taking Kaupthing and AIG credit risk -- and who have now lost pretty much all their money.

Confirmation Hearings: "I always find it amusing to hear poobahs from hedge funds or private equity nattering on about their oh-so important 'industries.' They always seem to omit the critical modifier 'cottage' in front of the word 'industry.' Christ, Citigroup fires more people in a week than work in hedge funds and private equity combined."

Joe the Subscription Website Operator

. □


Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com

Come on, like us—you know you want to.

Follow us and if you're an innovative entrepreneur, we'll return the favor.

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More