Author Archives: The Bad Banker

Ex-Goldman director Rajat Gupta set for insider trading trial

By The Bad Banker | Published: May 20, 2012

Rajat Gupta was once a board member at Goldman Sachs and managing director of consulting giant McKinsey & Co. Now, he's the biggest target yet in the government's sprawling insider trading crackdown.

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Facebook’s IPO Sputters

By The Bad Banker | Published: May 19, 2012

Facebook shares struggled to stay above their $38 IPO price, as Wall Street bankers stepped in to prevent the newly minted stock from ending its first day with an embarrassing loss.

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Chesapeake Cuts Pay, Travel for Board

By The Bad Banker | Published: May 19, 2012

Chesapeake Energy said board members will take a 20% pay cut and no longer have personal use of company aircraft, the latest move by the embattled natural-gas company to placate critics.