Biz Opportunities On 04/30/2008
Posted by Makin The Money on
April 29, 2008
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Bear Stearns interns learn about business the hard way
For much of this school year, Fabienne Bruneau spent three hours a day compiling summaries of major financial news stories, preparing for a competitive recruiting process for internships at major Wall Street banks.
After a 4½-hour interview with Bear Stearns earlier this semester, the New York University junior landed a summer position in its global equities division with the sales and trading team. This month, she was notified she had lost her internship, a casualty of JPMorgan’s recent purchase of Bear Stearns to prevent it from going bankrupt.
“You feel like you won the lottery, and now someone stole it away from you,” she says.
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New York mayor to offer business advice in book
New York’s billionaire mayor Michael Bloomberg will offer business and political advice in a book entitled “Do the Hard Things First” due out in September, the publisher said on Tuesday.
The book, written in collaboration with Margaret Carlson, is subtitled “(And Other Bloomberg Rules for Business and Politics)” and will be published by Vanguard Press, a member of the Perseus Book Group.
Bloomberg plans to donate all proceeds from the book to the World Trade Center Memorial Foundation, he said in a statement.
The mayor is the author of 1997’s “Bloomberg by Bloomberg,” which told the story of how he founded his own company with the $10 million settlement he received after being fired from the Wall Street firm Salomon Brothers in 1981.
Bloomberg became a billionaire by creating his news and information company, Bloomberg LP, a competitor to Thomson Reuters Corp.
