A NOTEPAD ON COMPANY AND FINANCIAL LAW, NEWS AND REGULATION
The New York Times review of Sheryl Sandberg’s “Lean In: Women, Work, and the Will to Lead” here.
Ms. Sandberg is famously ex-World Bank, ex-US Treasury, ex-McKinsey, ex-Google and now Chief Operating Officer at Facebook.
Excerpt from the NYT Review:
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Bonfire of the Vanities author in the Daily Beast on the demise of traders and the rise of quants, via the Facebook IPO:
“But it proved to be more than one unbelievably bollocksed-up IPO. May 17 was the day Wall Street got vaporized. After Facebook Day, all that “Wall Street” had been a metonymy for, the big money, the Big Picture of America’s economy, the excitement, the sense that this is where things are happening, was gone”
and John Coates’ work on the physiology of trading floors.
Restricted stock units have vested today for some Facebook staff. The General Counsel, Theodore Ullyot, receives shares worth $30,000,000, which can now be sold.
More Facebook here.
This excellent Bloomberg article details the various ways in which the SEC pressed Facebook for fuller and more accurate disclosures about its business ahead of its shambolic IPO. Excerpts:
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