Word: bankerly
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...resurgent trading and risk-taking business. Goldman has a tradition of taking trading risks. In the postwar era, the firm's DNA has always combined the interlocking strands represented by two of the world's foremost risk arbitrageurs - first Gus Levy and later Robert Rubin - with the investment-banker pedigree of former senior partners, including Sidney Weinberg, John Weinberg, John Whitehead, Stephen Friedman and Paulson. "We would never let our reputation as the key M&A adviser ebb in favor of being a principal," Blankfein says. "We're very self-conscious that our franchise hinges on our client relationships...
...secret of Huh's success? Part of the charm of his sites is that they appear to be put together by rank amateurs. "It's on purpose," says Huh. Actually, they're carefully cultivated by 20 staffers, mostly Seattle-based, including a lapsed lawyer and a former investment banker. The company is hiring roughly one staffer a month and gets some 100 applications for every position. Applicants should not offend easily and must have held a job they hated, says Huh, to better appreciate the joys of spending their days perusing funny photos. Plus, he says, "we want them...
...What began in 1999 as a Hong Kong journal of prose and poetry known as Dim Sum - a part-time labor of love produced, somewhat intermittently, by Hong Kong author Nury Vittachi - took on a new lease of life when, in late 2006, U.K.-based banker and arts patron Ilyas Khan bought out the publication. He restyled it as the ALR, publishing it under the umbrella of his Asia-focused literary publishing agency and film-production business, Creative Work. "We purposely decided not to restrict ourselves to Hong Kong," says Khan, previously a director of the Man Hong Kong International...
...hour for the protests grew closer, many offices in the Iranian capital began shutting down or running with a bare-bones staff. Workers began leaving to assemble at protest sites, traveling by way of the clogged subway, by cab or on foot. "I'm not scared," said a banker as he headed for the sprawling Behesht-e Zahra cemetery, where many opposition "martyrs," including the iconic Neda Agha-Soltan, have been buried. He says the planned memorial service was especially poignant for him because he saw a protester shot at Azadi Square on June 20, the same day Agha-Soltan...
...exploring strategic options" for the magazine, which is another way of saying the company does not think it can make money off the magazine - ever. It may not be wrong. Less than a decade ago, Business Week ran nearly 6,000 ad pages in a year. This week, a banker valued the magazine at a dollar. "The rapid speed of the switch from print to digital, combined with the extreme severity of the economic downturn, has made it very tough for all weekly magazines," says Stephen Shepard, former editor in chief of Business Week and now dean of City University...