Word: trader
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Back in 2006, Lawrence McDonald, a former Lehman Brothers bond trader, remembers, he asked an intern what he was doing during the winter break at the now bankrupt investment bank. The intern, who was a junior in college, said he was trading derivatives for the firm. Surprised, McDonald asked the intern the size of his pad - Wall Street-speak for how much of the firm's money he was able to trade - figuring it couldn't be much. The intern's response: $150 million...
...When he recovered, Israel didn't want to return to Rhodes. Before the war, the island - now part of Greece - had a vibrant, 1,700-strong Sephardic Jewish community, but afterward, only 151 remained. So he found work as a trader in the Belgian Congo instead and then moved to Brussels, where he has remained ever since. (Read "Murder Trial Puts Focus on French Anti-Semitism...
...psychologist at the University of Georgia in Athens who studies decision-making, told Naturenews.com that the research has profound implications for neuroeconomics, the study of how biology influences markets, by showing that "not only does biology affect economic behavior - so does belief." But John Coates, a former Wall Street trader and researcher at Cambridge University, warns against extrapolating too much from the study. Coates' own measurements of testosterone levels in the saliva of male traders found a link between higher levels of the hormone and risky behavior. He says there is a "dose-response curve" for testosterone, which means that...
...Married Wall Street trader Steven Ehrenkranz, a childhood friend, in 2004. They divorced four months later, and Uchitel began a new career in Las Vegas as a nightclub hostess and VIP coordinator...
Joseph served as CEO of Drexel Burnham Lambert Inc. from 1985 until the firm’s collapse in 1990. Before scandal struck, Drexel profited in the 1980s from selling junk bonds, but then Michael R. Milken, a trader under Joseph’s supervision, was imprisoned for 22 months and fined $600 million for violating U.S. securities law, according to Bloomberg News. While Joseph faced no criminal charges, he was banned for a time from assuming another position as a Wall Street CEO, according to Portfolio.com’s “Worst American CEOs of All Time?...