What we're reading 'round the Web
The Reformed Broker offers a warm welcome (and some sage advice) to the recently-fired Merrill Lynch President Sallie Krawchek, who evidently has just joined Twitter. Tips for Ms. Krawchek include avoiding the cardinal sin of re-tweeting one's self, getting a cool avatar and being "a bit dangerous".
Bill Ackman's reasons for putting Canadian Pacific Railway Ltd.’s CEO Fred Green out to pasture are looking less potent after the company quadrupled its first-quarter profits. (Ackman says he's unimpressed).
Despite Morgan Stanley chief executive James P. Gorman's insistence that the investment bank is “on the right track", a possible credit rating downgrade looms over its huge derivatives business.
The New York Times reports that an executive of the " great vampire squid wrapped around the face of humanity" (a.k.a. Goldman Sachs) is under investigation for allegedly leaking confidential information about two publicly traded companies to convicted hedge fund manager Raj Rajaratnam. A Goldman spokesman declined to comment.
Blackstone executives say that despite the record cash levels among U.S. corporations and nearly $500-billion in the pockets of private-equity firms, the deal environment is sleepy and will likely will stay that way for the foreseeable future.
All aboard the Chinese iron express! BHP Billiton joins the new China Beijing Metals Exchange, just days after competitors Vale and Rio Tinto did the same.
Two days after resigning from the board of Citigroup, Richard Parsons lays the blame for the financial crisis partly at the feet of a regulatory change that permitted the company’s creation.
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