1 min read · 06 February 2009
1 min read · 06 February 2009
Harvard Management Co., manager of the Harvard University endowment, announced plans to lay off 25% of its staff. This is expected to include investment staff. Pensions & Investments reports that the cuts began this week.
2 min read · 06 February 2009
3 min read · 06 February 2009
2 min read · 06 February 2009
Christopher Haymons has joined St. Charles Capital as a managing director in the Denver-based advisory firm's Diversified Industries group. He previously was a senior managing director with Headwaters MB.
2 min read · 06 February 2009
I was amused by the inclusion of the banking crisis in last night’s episode of the Emmy-award winning (yet under-appreciated) NBC sitcom, 30 Rock. In it, the gang hires laid-off Wall Streeters as interns. Tina Fey’s character, Liz Lemon, asks, “Aren’t they a little old, and overdressed?” Says Alec Baldwin’s character, Jack Donaghy: “They’re all former investment bankers who were laid off by the economic crisis that Nancy Pelosi caused. They have zero real-world skills, but God they work hard.” The show pokes fun at Wall Street stereotypes, as the interns out-party Tracy Morgan’s character, drinking yards of beer and flaming shots at some variety of a McHoolihan O’Brianigan’s Irish pub. Eventually Tracy buys Lehman Brothers so they can return to their jobs. Here's a clip from the opening scene: Watch the entire episode here.
1 min read · 06 February 2009
1 min read · 06 February 2009
1 min read · 06 February 2009
Granite Equity has acquired a majority stake in GEOTEK Inc., a Stewartville, Minn.-based maker of reinforced fiberglass pultrusion products for the electric utility and animal containment markets. No financial terms were disclosed. GEOTEK co-founders Conrad Fingerson and Amy Donahoe will retire from daily operations and join the company’s board, while Derek Mazula, who assisted Granite Equity on the deal, will join GEOTEK as its new president.
2 min read · 06 February 2009
