For the moment, though, the law’s approval of something called “crowdfunding” looks like the most toxic of all.
Antilla’s meticulously researched book … throws a
light on how, as a Minneapolis civil-rights lawyer puts it,
“Wall Street is thirty years behind every other industry or profession” when it comes to women.
Tales from the Boom-Boom Room: Women vs. Wall Street, by Susan Antilla. Bloomberg Press, 384 pages, $26.95.
Back in 1984, a young woman walked into the Garden City, N.Y., branch of Shearson / American Express, looking for a job as a stockbroker. Her first interview was so lavishly abusive that she thought it must be a put-on, but her second seemed normal enough-until she noticed her would-be boss sporting a handgun in an ankle holster, buddy-cop style. Read Entire Review
So she was tearful. Do we care?
The chief investment officer of JPMorgan Chase (JPM_), who resigned Monday in the wake of the bank’s announcement of an embarrassing $2-billion-plus loss on her watch, is but the latest high-ranking woman to depart a business famous for its gender discrimination. [...] Read article
To a lot of writers, JPMorgan Chase CEO Jamie Dimon has been a rock star. To me, he’s always seemed more like a very proficient plumber.
I don’t mean that in a bad way. Plumbers can be useful technicians when you need an expert who knows how keep the toilet from backing up. Dimon made his way to the top, in part, because he was a guy who did his homework, crunched the numbers, and made it his business to understand, well, the pipes and connections inside a securities firm. [...] Read article
Buying a Starbucks gift card? You are agreeing to mandatory arbitration of any fraud or misrepresentation by the company.
American business entered its Teflon era on a spring day 25 years ago.
Lawyer Madelaine Eppenstein had taken the morning off from work for a parent-teacher event at her 5-year-old’s elementary school on June 8, 1987, when she was summoned to the principal’s office for an urgent call. Her husband and law partner, Theodore Eppenstein, told her they lost the Supreme Court case he had argued two months before on behalf of a couple trying to sue their stockbroker for fraud. [...] Read Article
According to one psychologist’s survey, more than 30% of Smith Barney women were suffering from symptoms of post-traumatic stress disorder.
With all the challenges faced by new Smith Barney Chief Executive Sallie L. Krawcheck, there’s one she may not have thought of: the firm’s reputation, earned in the 1990s, for mistreatment of women. Krawcheck, the former CEO of Sanford C. Bernstein & Co., signed on with the Citigroup (C ) subsidiary on Oct. 30. The selection of the highly respected executive is a smart move by Citi CEO Sanford I. Weill, since Smith Barney has become the focus of outrage over the cozy ties between analysts and bankers. However, as Susan Antilla’s comprehensive and sharply written Tales from the Boom-Boom Room: Women vs. Wall Street reminds us, only six years have elapsed since the firm was regarded as a den of sexism. Read review.
This is not the way the Occupy bashers’ “welfare-bum hippies” propaganda script was supposed to play out.
It isn’t every day that a reporter gets to sit in on a high-stakes policy meeting in New York’s financial district, but that’s exactly what I did on a balmy evening in late February at 60 Wall Street, the U.S. headquarters of Deutsche Bank AG.
No, the bank didn’t lose its institutional marbles and give me clearance to scribble notes while its cognoscenti mapped out corporate strategy. The confab I dropped in on was taking place under potted palm trees in the bank’s ground-floor public atrium, and the participants were 13 members of Occupy the SEC, a spinoff group of the Occupy Wall Street movement. I can’t help but conclude that their plans for petitions, marches, op-eds and sit-down meetings with banking regulators will be inflicting Wall Street with a long, nasty attack of agita. Read article
Potential customers of Suze Orman’s new debit card should probably take her advice: “read the fine print.”
I appeared on Boston’s WRKO AM 680 to discuss Suze Orman’s latest product:
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Susan Antilla is an award-winning journalist and author. She has written for Bloomberg View, The New York Times and USA Today. She is author of Tales From the Boom-Boom Room: The Landmark Legal Battles That Exposed Wall Street’s Shocking Culture of Sexual Harassment,
a book that The New York Observer called “a work of compelling Wall Street anthropology.”
Would we talk about it if a man got that emotional in the office? Read article
To a lot of writers, Jamie Dimon has been a rock star. To me, he’s always seemed more like a very proficient plumber. Read Article