Word: stockely
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...days since the bank boasted of its profits, the company's stock has fallen nearly 10%, to a recent $2.80. Shares of rivals Goldman Sachs and JPMorgan - both of which also produced profits in second quarter - have risen in the same time. (See 10 things to buy during the recession...
...Karen Ho got a job on Wall Street. The student of anthropology, who would later go on to get her Ph.D., was fascinated by how even in the midst of an economic boom, corporate downsizings were rampant - and how each time a company announced a major layoff, its stock rallied. What she found from her perch at Bankers Trust - and later in interviews with people at firms such as Morgan Stanley, Merrill Lynch, Lehman Brothers, Goldman Sachs, JPMorgan, Salomon Brothers, Kidder Peabody and Lazard - was that it wasn't just an ideological commitment to boosting shareholder value that drove decisions...
...that comes from Wall Street? What I found in my research was that in many ways investment bankers and how they approach work became a model for how work should be conducted. Wall Street shapes not just the stock market but also the very nature of employment and what kinds of workers are valued. These firms sit at the nexus - they are the financial advisers and sources of expertise to major U.S. corporations and institutional investors - and from this highly empowered middle-man role, what they say has a lot of influence. The model that came to be dominant...
...Then, four years ago, Kaps fell in love with Polaroid and founded a company specializing in selling equipment for analog instant photography. An official partner of Polaroid, the company still operates via the website Polapremium.com, where enthusiasts can buy the camera, related equipment and some of the remaining film stock. (See pictures of historical photos on Google Earth...
...Aren’t we in the habit of corralling observations into metaphors, even when we aren’t trying to discover the rhythm of a foreign place? Don’t we simplify un-mined personalities of even the people we know until they’re stock characters for our unwritten autobiographies...