Bear Stearns' $2 Million Harassment Payout
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
As Bear Stearns crumbled, Charlie Gasparino has learned, the firm's CEO had another crisis: a sexual harassment accusation against legendary chairman Ace Greenberg that resulted in a $2 million payoff.
Freddie Suicide: Tragic Trend
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
The death of CFO David Kellermann underscores again the tragic personal cost of the financial meltdown. Charlie Gasparino on what we can learn.
The Era of High Profits Is Over
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
President Obama yesterday promised an eventual recovery. But Charlie Gasparino says the crisis for Wall Street-and the states that depend on it-is just beginning.
Has Goldman Lost Its Swagger?
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
Once the premier firm on Wall Street-and the finishing school for future Treasury secretaries and other D.C. power brokers-Goldman Sachs no longer has its pull in Washington. Charlie Gasparino analyzes the firm's midlife crisis.
Freak Out on Wall Street
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
Obama's pay-cap plan could wreck the banking business, not to mention the middle-class workers who live off it.
John Thain's Top 16 Outrages
The Daily Beast is dedicated to news and commentary, culture, and entertainment. We carefully curate the web’s most essential stories and bring you original must-reads from our talented contributors.
How did Merrill Lynch's former CEO spend $1.22 million redecorating his office? The Daily Beast counts the ways.
John Thain's $87,000 Rug
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
In a Daily Beast/CNBC exclusive, Charlie Gasparino reveals how Merrill Lynch's CEO spent over $1 million to redecorate his office last year-even as the firm faced a financial crisis.
Is Jamie Dimon the Next to Fall?
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
JPMorgan's CEO successfully ruled his company to become the new king of Wall Street. But Charlie Gasparino says his reign may soon be over.
Did Bernie Have Help?
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
Was Greenwich socialite Walter Noel a Madoff victim-or part of the problem? Charlie Gasparino on what the SEC wants to know from the man who funneled $7.5 billion to Bernie.
How the SEC Got in Bed with the Madoffs. Literally.
Charles Gasparino is CNBC's On-Air Editor and appears as a daily member of CNBC's ensemble. He is a columnist for the Daily Beast and a frequent contributor to the New York Post, Forbes, and other publications. His forthcoming book about the financial crisis, The Sellout, is scheduled to be published later in 2009.
Inside the twisted loyalties and conflicts that kept Wall Street's top cop from catching one of the biggest Ponzi schemes in history.
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.
Jolie hunt is the global head of public relations for Thomson Reuters, appointed April 2008. Prior to that she served as global director of corporate and business affairs for IBM Corporation She was the director of PR for the Financial Times. She lives between New York and London.
John Barrasso is the junior senator from Wyoming.
Lee Siegel has written about culture and politics and is the author of three books: Falling Upwards: Essays in Defense of the Imagination; Not Remotely Controlled: Notes on Television; and, most recently, Against the Machine: Being Human in the Age of the Electronic Mob. In 2002, he received a National Magazine Award for reviews and criticism.
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