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by Derek Loosvelt|April 22, 2014
Three years ago, just after the Deutsche Bank-owned Cosmopolitan
hotel and casino opened in Las Vegas, I spoke with a Vegas insider
about the German bank's big Sin City bet (you can read part of that
conversation in a previous post here).
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by Derek Loosvelt|April 15, 2014
Earlier this week it was revealed that Google, which already
occupies 750,000 square feet of office space in New York, is on the
hunt for 600,000 more. The tech firm wants the space to house
another 3,000 employees in New York. When I mentioned this to a
coworker, she joked: So, does that mean I should work on my resume?
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by Derek Loosvelt|April 14, 2014
Today we celebrate Tax Day with the release of the latest Vault
Accounting 50, a ranking of the best accounting employers to work
for in North America. Recently, we asked more than 10,000
accountants to rate their peer firms in terms of prestige; we also
asked them to rate their own firms in numerous workplace
categories, including culture, work/life balance, hours,
compensation, training, overall satisfaction, and business outlook.
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by Kaitlin Edleman|April 07, 2014
Much ado is often made over which business schools are the "best"
or the "most prestigious," but status and self-importance won't pay
those student loans. The U.S. News & World Report's data showed
that having Harvard, Stanford or Penn emblazoned across the top of
an M.B.A. did not necessarily lead to employment for 2013
graduates. In fact, no schools in U.S.
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by Derek Loosvelt|April 04, 2014
For a long time, Wall Street knew this day was coming. And now,
Michael Lewis and Main Street know it, too. In the very near
future, no longer will the sharpest blue-blooded, type A,
squash-playing, financially-driven Ivy League graduate with
excellent complexion rule the trading desks of Wall Street's
largest and most-storied institutions. Instead, it will be the most
creative and innovative IT guy (or gal) who'll be calling all the
shots.
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by Derek Loosvelt|March 26, 2014
The so-called brain drain continues at beleaguered JPMorgan Chase.
A few days ago, a man named Fang Fang, the chief of JPMorgan's
Chinese investment banking unit, quit amid an investigation into
the bank's alleged practices of hiring people in Asia so their
relatives in the government would send business the bank's way.
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by Derek Loosvelt|March 05, 2014
At the age of 12, Marcus Lemonis, star of CNBC's "The Profit,"
owned a lawn cutting business that made $1,000 a week. At 22,
without any prior political experience (other than a summer
internship on Capitol Hill), Lemonis ran for a state seat in
Florida and nearly beat a three-term incumbent. Not long afterward,
Lemonis joined AutoNation, the largest car retailer in the country,
and quickly rose the corporate ladder.
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by Derek Loosvelt|February 21, 2014
"If you're not failing every now and again, it's a sign you're not
doing anything very innovative." "Many of life's failures are
people who did not realize how close they were to success when they
gave up." "Ever tried. Ever failed. No matter. Try Again. Fail
again. Fail better." These quotes of failure (from Woody Allen,
Thomas Edison, and Samuel Beckett, respectively) have been
popularized for a reason. And that reason is failure is the route
to success. That said, failing stinks.
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by Derek Loosvelt|February 14, 2014
This past week several men and women put in performances of their
careers @Sochi2014. Americans Sage Kostenburg and Jamie Anderson
put in fine final runs to take gold in men's and women's snowboard
slopestyle, respectively. The Japanese nineteen-year-old Yuzura
Hanyu skated a world-record short program on his way to take gold
in men's singles. The speedskating men and women of the Netherlands
dominated the ice, picking up all kinds of golds, silvers, and
bronzes.
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by Derek Loosvelt|February 12, 2014
Before I address AOL CEO Tim Armstrong's public justification for
scaling back his firm's 401(k) plan on rising health care costs
such as those associated with "two AOL-ers that had distressed
babies that were born that we paid a million dollars each to make
sure were O.K.," I'd like to make a few observations gleaned from
my two decades as part of the so-called American workforce.
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