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The Leveraged Sell-Out

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The Safest Space

Dear Women In Tech, Do you ever get so stressed out at work that you indulge the idea of taking a moderately well-paying job with reasonable hours in a stable industry with men who aren’t going to constantly sexually harass you? Do you dream of a place you can finally settle down and relax? Have [ ]

Obsolete

There were seven minutes left in the auction, and the price of the limited edition Apple T-Shirt was at $60. Gopal rapped his fingers on the keyboard on his lap. A Forbes magazine – the one piece of print media in the entire Dolores Heights apartment – was open on the coffee table in front [ ]

The Book of Graham

I emailed my 22 year old cousin Eric, who’s graduating Summa in Economics from Harvard, to see if he needed any help getting interviews at prestigious financial institutions. I was sure there would be recruiters on campus, but I didn’t want to run the risk. “Paul Graham says prestige is for suckers,” he emailed back [ ]

The Founder Hounder

“Girls here wear North Face fleeces at dinner,” Vivian shouted at the dashboard microphone of her Mini Cooper. She pulled forward, having failed her 4th attempt at parallel parking into a minivan-sized spot on California St. in San Francisco. “Shut up,” Sarah responded in disbelief from her Midtown Manhattan office. “At the table,” Vivian clarified. [ ]

Study shows upwards of 80% of hedge fund employees never actually knew what the word “hedge” meant

Chicago, IL—A recent study conducted by the Gallop Group showed that of 5,000 hedge fund employees surveyed during 2006-2007, 83% of respondents were unable to correctly define the word “hedge.” “It’s just like, you know, part of the title” said one trader confidently. “Another way of saying ‘badass’ fund or ‘rockstar’ fund.” “My Range Rover [ ]

Ex-Investment Banker and pending Chief of Staff Rahm Emmanuel says America lacks “attention to detail.”

Obama s Chief of Staff Rahm Emannuel, an ex-Managing Director at the investment banking firm Wasserstein Perella, issued first his public statement, expressing frustration with America s lack of attention to detail. Sloppy… said Emmanuel, shaking his head in disgust as he inspected a stack of Congratulations cards sent to his office by a class of local [ ]

Ghana unveils $14 economic stimulus plan

Accra, Ghana—To help their countries weather the current financial storm, nations such as the United States and China have created large economic stimulus packages of $700B and $586B, respectively. And now the The Republic of Ghana will be joining their ranks with a newly approved plan of a staggering $14. The package, which amounts to [ ]

Banker of the Year: You

New York, NY—Every year, the trade publication American Banker presents a Banker of the Year award to one individual, celebrating his contributions to the field. This year, however, the magazine took a very Time approach to the concept, giving the award to the collective “You.” “We just really felt everyone had to be acknowledged,” said [ ]

Wall Street trader seriously regrets naming his dog Bonus.

Central Park, NY—Given the projections for compensation in the finance industry this year, David Goldstein, a 29 year old Wall Street trader, is starting to realize that naming his pet dog Bonus, might not have been prudent. Bonus was a 225 lb. great dane, and when I got him two years ago, calling him Bonus [ ]

MBA students flock to new course: Hunting and Gathering

Cambridge, MA—Business schools across the country have been scrambling to add courses to their curricula that will provide their MBA candidates the skills they need to survive in the current economic landscape. Courses like Modeling for Quantitative Analysis and Building Strong Global Brands have been replaced with modules more pertinent to businessmen navigating today’s climate, [ ]