Wall Street's Bonus Addiction
Dr. Doug Hirschhorn is one of the premier trading coaches on Wall Street, whose client list includes Deutsche Bank and numerous billion-dollar hedge funds. The co-author of The Trading Athlete and the forthcoming 8 Ways to Great, he is a former columnist for Trader Monthly, and a regular commentator on CNBC.
As Citigroup lobbies Washington for more money to pay bonuses and big banks set aside an additional $36 billion for compensation, one of Wall Street's top psychological coaches explains why, no matter the outcry, Masters of the Universe will always think they're worth it.
CEO Smackdown!
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The chieftains of America's biggest banks defended themselves before Congress Wednesday, producing some great political theater. The Daily Beast offers six memorable moments, including the awkward silences, the inept hand-raising, and the puzzling literary references.
WhiteFence, fatwallet, and IndexCreditCards. All of these help people fight the culture of financial exploitation that has been created by our bankers and politicians. These sites empower people with information about how they can both s...
Veteran journalist and television host Dylan Ratigan anchors the MSBNC show, "Morning Meeting," airing weekdays from 9 to 11 a.m. Ratigan was most recently anchor and co-creator of CNBC's "Fast Money," co-anchor of CNBC's "Closing Bell," and has also been a regular contributor to MSNBC's "Morning Joe." He served as a global managing editor at Bloomberg News until March 2003.
McCain Missed a Trick
Conrad Black is the author of biographies of Maurice Duplessis, Franklin D. Roosevelt, and Richard M. Nixon, was the publisher of the London Telegraph newspapers and Spectator, and founded the National Post of Canada. He has been a life peer in the British House of Lords as Lord Black of Crossharbour since 2001.
When he interrupted his campaign to return to DC to manage the economic crisis, McCain was onto a winning streak. But he blew it.
Lloyd Grove is editor at large for The Daily Beast. He is also a frequent contributor to New York magazine and was a contributing editor for Condé Nast Portfolio. He wrote a gossip column for the New York Daily News from 2003 to 2006. Prior to that, he wrote the Reliable Source column for the Washington Post, where he spent 23 years covering politics, the media, and other subjects.
Jacob Bernstein is a senior reporter at The Daily Beast. Previously, he was a features writer at WWD and W Magazine. He has also written for New York magazine, Paper, and The Huffington Post.
Peter Beinart, senior political writer for The Daily Beast, is a professor of journalism and political science at City University of New York and a senior fellow at the New America Foundation.
Gerald Posner is The Daily Beast's Chief Investigative Reporter. He's the award-winning author of 10 investigative nonfiction bestsellers, ranging from political assassinations, to Nazi war criminals, to 9/11, to terrorism. His latest book, Miami Babylon: Crime, Wealth and Power—A Dispatch from the Beach, was published in October. He lives in Miami Beach with his wife, the author Trisha Posner.
Martin Jacques is the cofounder of the UK think tank Demos, writes a regular column for The Guardian, and is a visiting research fellow at the London School of Economics Asia Research Centre. His new book, When China Rules the World, is available now.
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