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From Wall Street To NYC Cabbie: What I Learned On The Way Down

From Wall Street To NYC Cabbie: What I Learned On The Way Down

"Let's take a look at your numbers." It was only days after 9/11, when he'd narrowly escaped his World Trade Center office, and this comment from his manager made Jack Alvo snap. He quit his six-figure job at Morgan Stanley and began a decade-long career path that would end in an unlikely spot: As a New York ...

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College Kid's Amazing, Plucky Cover Letter For Wall Street Internship Goes Viral

College Kid's Amazing, Plucky Cover Letter For Wall Street Internship Goes Viral

By Julia La Roche and Joe Weisenthal Sometimes we get forwarded applications for summer internships on Wall Street that are extremely embarrassing because the applicant is totally full of themselves or completely clueless. What happens is the letters go viral and the Street passes them around in long ...

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Morgan Stanley Plans To Cut 1,600 More Jobs

Morgan Stanley Plans To Cut 1,600 More Jobs

(Reuters) - Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and deal-making remains in the doldrums. The staff reduction pertains to Morgan Stanley's institutional ...

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Hospital Supervisors Pressured Doctors To Visit Strip Club, Lawsuit Claims

Hospital Supervisors Pressured Doctors To Visit Strip Club, Lawsuit Claims

Over the last decade, companies have paid out millions of dollars in sex discrimination suits when business has mixed with topless pleasure. But a new case out of Maine falls into more of a legal "gray area," according to an employment law expert, and reported by The Portland Press Herald. Every year, ...

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With Bonuses Slashed, Wall Street Is In Crisis

With Bonuses Slashed, Wall Street Is In Crisis

Wall Street is facing a crisis even worse than the financial meltdown of 2008, reports New York magazine in a sweeping cover story. As pieces of the Dodd-Frank financial-reform act come into effect, revenues are plummeting, bonuses are getting slashed, and firms are selling off chunks of office space. "If ...

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Analysis: Wall St. Set To Shrink, With Jobs And Bonuses At Risk

Analysis: Wall St. Set To Shrink, With Jobs And Bonuses At Risk

By Steven C. Johnson (Reuters) - The thousands of protesters camped out in New York's financial district may not see it this way, but these are not the best of times for Wall Street. ...

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