Word: hitting
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Steven Begleiter isn't the only Wall Streeter to have hit pay dirt at the poker tables in Las Vegas. But he might become the first to claim the game's biggest prize - and in an odd way he owes it all to his former employer, the collapsed investment house Bear Stearns...
...Right. Money obviously means nothing to anyone at Goldman Sachs. A lot of people have sounded the death knell for print media, but you disagree. Why? People don't realize how much better a business it was to start with. The worst kind of business is the hit-driven business. One celebrity can hold up your entire enterprise. People are forever tricked into believing that somebody has the magic sauce and must be paid whatever they ask. Businesses such as newspapers, where the content is continuous and you're relying on the value of a franchise rather than a star...
...College Events Board opened up a poll this past weekend to get your input on who to feature at this year's Yardfest, an annual spring festival headlined last year by electronica Ratatat and one-hit-wonder Sara Bareilles...
...these auctions are arranged by Southern Star Auctioneers, a Georgia company run by Dion Abadi, who has faced a number of official complaints and fines in recent years in multiple states. At one so-called Madoff auction held this fall in West Palm Beach, Fla. - a community hard hit by Madoff, who once owned houses and other property in nearby Palm Beach and who is now serving a 150-year prison sentence for his massive Ponzi scheme - many potential bidders exited fuming. "They all thought it was Madoff stuff, and it's not; it's from all over," an attendee...
...injury." While Southern Star says it's using the ads as a way to get more bidders out to help Madoff victims, Kent fears Abadi is "just appealing to morbid public curiosity about how the mighty have fallen. But it wasn't just the mighty who got hit in this." (See 25 people to blame for the financial crisis...