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What Did We Learn from Insider Trading at Galleon?

  1. Hiring a dwarf to pose as a “small-cap” analyst isn’t funny.
  2. Shredding SIM cards is more effective than biting them in half.
  3. The SEC is awake.
  4. “Octopussy” is not a James Bond movie.
  5. McKinsey & Company’s publication, “Motivating people: Getting beyond money,” is a must-read for…well…McKinsey & Company.
  6. The Tamil Tigers are not a soccer team.
  7. M&A lawyers want a piece of the action.
  8. Hiring hookers is safer—no jail time—than flirting with with former beauty queens who consult hedge funds. Right, Eliot?
  9. IBM hardware has bugs. Just ask the SEC.
  10. Perp-Walk Fashion Tip: Hoodies are out. Expandable manila folders are in.

What are the other lessons from Galleon?

Here’s the latest from The New York Times: U.S. Plans New Charge in Galleon Insider Case.

Norb Vonnegut

About the author

Norb Vonnegut wrote 178 articles on this blog.

Do you ever feel the financial news makes no sense? Do stories leave you with more questions than answers? I created Acrimoney to discuss Wall Street’s behavior behind the headlines. As a veteran of a wealth management business that exceeded $1 billion in assets, I offer insight into the people and the “doings” that affect your money. I’ll start the discussion. But I hope you’ll jump in and say what you think.

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One Response to “What Did We Learn from Insider Trading at Galleon?”

  1. Here’s a WSJ article about Galleon’s link to a former partner at McKinsey: http://online.wsj.com/article/BT-CO-20100107-711745.html?mod=WSJ_latestheadlines.

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