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.
Auletta and Cohan Discuss Greed and Geithner
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.
In 1985, Ken Auletta wrote a financial classic, Greed and Glory on Wall Street. Now, William Cohan has written another, House of Cards. In a freewheeling discussion on the economic crisis, the authors pin blame, reveal lessons and pull back the curtains on some of Wall Street's most important characters.
The Day Obama Fell to Earth
Andrew Neil is a publisher and broadcaster working out of London, New York, Dubai, and the south of France. He is chairman and editor in chief of Press Holdings Media Group, publishers of The Spectator, Spectator Business, and Apollo.
All is not quite what is being claimed for the London summit, says Andrew Neil. In fact, the president didn't get what he came for.
Bob Rubin's House of Cards
Jeff Madrick is a contributor to the New York Review of Books and a former economics columnist for the New York Times. He is editor of Challenge Magazine, visiting professor of humanities at Cooper Union, and senior fellow at the New School's Schwartz Center for Economic Policy Analysis. He is the author of Taking America, The End of Affluence (Random House) and The Case for Big Government.
How Rubinomics did us harm-and could yet do so again
The People's Panic
Author Michael Lewis is currently a contributing writer to the New York Times Magazine, a columnist for Bloomberg, and a visiting fellow at the University of California, Berkeley. His new book, Panic: The Story of Modern Financial Insanity, comes out next month.
An excerpt from a new collection of essays, Panic: The Story of Modern Financial Insanity, edited by Michael Lewis the author of Liar's Poker. He contributes several essays to the book, including the one here, "The People's Panic."
The New Disaster at Lehman
Julie Satow is a business reporter and editor, whose work has appeared in Crain's New York Business, the New York Sun, the Newark Star-Ledger, Institutional Investor, and Reuters. She is a regular commentator on the Fox Business Channel.
Real estate projects across the country are frozen thanks to the Lehman Bros. bankruptcy.
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.
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.
Christopher Buckley's books include Supreme Courtship, The White House Mess, Thank You for Smoking, Little Green Men, and Florence of Arabia. He was chief speechwriter for Vice President George H.W. Bush, and is editor-at-large of ForbesLife magazine. His new book is Losing Mum and Pup, a memoir. Buckley's Daily Beast column is the winner of an Online Journalism Award in the category of Online Commentary.
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.
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.
Jeffrey Koterba is an acclaimed syndicated political cartoonist. Since joining the Omaha World-Herald in 1989, he has been a finalist for Editorial Cartoonist of the Year from the National Cartoonists Society and has placed second in the National Headliner Awards. His work is distributed through King Features Syndicate to 400 newspapers nationwide, and has appeared in such publications as the New York Times, the Chicago Tribune, and the Washington Post, among others.
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