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8 mentions found


☆ Wayne LaPierre: Dapper as Charged
  + stars: | 2024-02-23 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
You’d think Wayne LaPierre would have read the playbook. After decades in the spotlight, the former chief executive of the National Rifle Association could have been expected to know that, for public figures, conspicuous consumption is always a bad look. This is seldom truer than when sartorial choices come into play. Haven’t we been here before? Wasn’t Sarah Palin rudely schooled on the matter back in 2008, when, even as she campaigned alongside Senator John McCain as a champion of blue-collar workers, it was revealed by Politico that staffers shopping for Ms. Palin spent more than $150,000 on clothes and accessories from high-end retailers like Neiman Marcus — in a single month.
Persons: You’d, Wayne LaPierre, Wasn’t Sarah Palin, John McCain, Palin, Neiman Marcus —, Paul Manafort, Donald Trump’s Organizations: National Rifle Association, Politico Locations: Beverly Hills
☆ Goldman Sachs is having an identity crisis
  + stars: | 2023-08-09 | by ( Linette Lopez | ) www.businessinsider.com   time to read: +11 min
I never thought I'd write this but … I miss the old Goldman Sachs. That was the voice of Goldman Sachs 2009 — the adamantine firm that managed to make its way through the crisis relatively unscathed. This sort of dry humor worked back then, but for today's Goldman Sachs, the joke just doesn't hit the same way. Van Praag — who was once dubbed "Goldman Sachs' Rococo PR prince" by The Observer — left the firm in 2012. It would be nice to see the old Goldman Sachs ferocity is still out there somewhere, even if it's not on Wall Street.
Persons: I'd, …, Goldman Sachs, Lucas van Praag, Goldman, van Praag, John F, David Solomon —, Solomon, boardrooms, today's Goldman Sachs, Lucas van Praag's Goldman, —, FactSet, JP Morgan, chuffs, DJ Sol, Van Praag —, Observer —, Jake Siewert, Lloyd Blankfein —, David Solomon's, Michael Kovac, Marcus —, DJ'ing, Goldman's, Lloyd Blankfein, Insider's Dakin Campbell, Kim Kardashian, Morgan Stanley, It's, Trump, Gary Cohn, mathlete who's, it's, Linette Lopez Organizations: Sunday Times of, Bloomberg, Refinitiv, Wealth Management, Observer, Treasury, Blankfein, Bank of America, Ivy League Locations: Wall, Sunday Times of London, New York City, Bahamas, Silicon
☆ Big bank earnings season is over. Here's how our stocks stack up against peers
  + stars: | 2023-04-23 | by ( Zev Fima | ) www.cnbc.com   time to read: +9 min
Big bank earnings are behind us. Investment banks Goldman Sachs (GS) and Club holding Morgan Stanley (MS) are the two pure-play investment banks we care about. Third place was tight, but the combination of better earnings growth and a significantly better ROTCE made Bank of America (BAC) the better performer. Sizing up bank valuations Morgan Stanley is currently trading at a premium at 13.7 times forward earnings, compared to 10.3 for GS. Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October 10, 2014.
☆ Trump dismisses criticisms about Biden's age, saying when people 'do the age thing' they're coming after him as well
  + stars: | 2023-04-12 | by ( Kelsey Vlamis | Hannah Getahun | ) www.businessinsider.com   time to read: +2 min
Former President Trump said anything "wrong" with President Joe Biden has nothing to do with age. Whether you like him or not, he's 100% sharp," Trump said of his fellow 2016 presidential candidate, adding "so it's not an age thing." Trump also levied criticisms at President Joe Biden, saying he could not see Biden running for president in 2024 — but made clear that he did not think what was "wrong" with Biden had anything to do with him being 80 years old. "I think they do the age thing because I'm 4-5 years behind. In October, Biden addressed the concerns, saying they were "legitimate" but said that voters should judge him not by his age, but by his health.
☆ Why Goldman’s consumer ambitions failed, and what it means for CEO David Solomon
  + stars: | 2023-02-27 | by ( Hugh Son | ) www.cnbc.com   time to read: +10 min
That's because many of the decisions Solomon made over the next four years — along with aspects of the firm's hard-charging, ego-driven culture — ultimately led to the collapse of Goldman's consumer ambitions, according to a dozen people with knowledge of the matter. Goldman executives were eager to seal the deal with the tech giant, which happened before Solomon became CEO, they added. The rapid growth of the card, which was launched in 2019, is one reason the consumer division saw mounting financial losses. Within months, Ismail left Goldman, sending shock waves through the consumer division and deeply angering Solomon. Goldman should plow some of those volatile earnings into more durable consumer banking revenues, the thinking went.
☆ Home Depot's cofounder — who retired in 2002 — says he doesn't want the 'woke generation' leading business because of their 'laziness'
  + stars: | 2023-01-20 | by ( Grace Dean | ) www.businessinsider.com   time to read: +5 min
Home Depot cofounder Bernie Marcus is adamant he doesn't want the "woke generation" leading business. He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits. Home Depot has distanced itself from Marcus, noting he hasn't worked at the company in 20 years. "How do you have a recession when you have people that don't want jobs?," Marcus said during Thursday's interview. "Bernie Marcus retired from The Home Depot more than 20 years ago and does not speak on behalf of the company," Home Depot told Insider in a statement.
☆ Banks vs. Fintechs: Why all the billions in the world can't help Wall Street crush its digital rivals
  + stars: | 2023-01-05 | by ( Bianca Chan | Reed Alexander | ) www.businessinsider.com   time to read: +15 min
To compete, banks have written fat checks to acquire fintechs — tech, talent, and all. But on Wall Street, old habits die hard, and Goldman has struggled to make Marcus, a big fintech bet, a success. Since the beginning of the pandemic, Wall Street leaders have been at the helm of a push to get their employees back to their desks. It's more that the very things that make Wall Street, well, Wall Street are preventing it from embracing the ethos of Silicon Valley. And perhaps, for Wall Street, that's the moral of the story.
☆ A recession is looming, but for JPMorgan's Jamie Dimon all signs point toward business as usual when it comes to hiring and tech spend
  + stars: | 2022-10-17 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
But first, how did those bank earnings go? JPMorgan's Jamie Dimon. Before we kick things off, let's give a quick recap on the state of play with bank earnings. And for JPMorgan's Jamie Dimon, the message was largely one of confidence. The plans JPMorgan laid out in May around its tech spend were "pretty much on track," Dimon said.
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