Valleywag
layoffs
Posts Tagged “
Bear Stearns
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layoffs
online advertising
Ad network CEO: hiring greedy ex-Yahoos costs too much
Brock Purpura, the CEO of ad network Etology, says it's easier to staff his sales team with Wall Street's leavings than to hire ex-Yahoos. Purpura told SAI that since you can't outsource ad sales like you can tech, ad-supported startups have begun offering ex-Yahoos equity. If shares aren't available, Purpura says ex-Yahoos demand between $200,000 to $250,000 to sign. It's more than Purpura, for one, is willing to pay. Especially since ex-Bear Stearns employees and other bankers, well-suited enough to the numbers-based ad game, have shown an eagerness to take on more work for less pay. We've heard they like the punishment.(Photo by Mr.Thomas)
sex trade
Surprise, Bear Stearns guys like it up the ass
Goodhearted dominatrix Mistress Victoria X doesn't have a soft spot towards the newly unrich men of Bear Stearns; it's more mercenary compassion. For a limited time, she's offering a per-hour discount equivalent to JPMorgan Chase's current offer for their stock: $10. "I approached this decision with some trepidation," she blogs. "You see, in my experience finance guys usually want things in their asses. I do not offer anal play on demand. Consequently the majority of my clients are lawyers." Take heed, boys: the Manhattan-based domme is also available for travel.
great moments in journalism
Bear Stearns crash costs 7,000 jobs, but Henry Blodget is hiring!
Soon-to-be JPMorgan Chase subsidiary Bear Stearns will lay off 7,000 workers. The worst of it, reports Silicon Alley Insider's Henry Blodget, is that today's tough job market on the Street makes it a particularly bad time to get laid off. Fortunately, Silicon Alley Insider's Henry Blodget also reports, Silicon Alley Insider is hiring! Where Blodget learned to describe the job market in such a self-beneficial way, nobody knows."We won't drown you in cash the way Bear would have," former financial analyst Henry Blodget writes, "but we need those same same analytical, writing, and competing skills."
caption contest
A Bear Stearns trader with a sense of humor taped a hard-earned two-buck greenback to the front door of Bear's corporate headquarters in New York. $2 is the per-share value that JPMorgan Chase agreed to purchase Bear Stearns for, a far cry from the $60 a share that the bank was trading at last week. Our best caption is above, but you can do better. Leave one in the comments below. (Photo by Reuters/Kristina Cooke)
"It was that or the trifecta, and I was feeling adventurous"
A Bear Stearns trader with a sense of humor taped a hard-earned two-buck greenback to the front door of Bear's corporate headquarters in New York. $2 is the per-share value that JPMorgan Chase agreed to purchase Bear Stearns for, a far cry from the $60 a share that the bank was trading at last week. Our best caption is above, but you can do better. Leave one in the comments below. (Photo by Reuters/Kristina Cooke)
schadenfreude
12 things that cost more than Bear Stearns
Late Sunday night, JP Morgan Chase agreed to buy cash-strapped investment bank Bear Stearns for $2 a share, or $236 million. Last week, the company was valued at more than $14 billion. This is one of the swiftest corporate falls in history. But just how bad was it? Here's a list of things that cost more than the century-old Bear Stearns. More »
Advertisers will spend $1.35 billion on web video in 2008, according to Bear Stearns analyst Robert Peck. He says that number should grow to $4.3 billion by 2011, which will still only be about 3.3 percent of total TV spending. [SAI]
jeff hammerbacher
