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Derek Loosvelt

Derek Loosvelt is Vault's senior finance editor. Derek has a BS in economics from the Wharton School at the University of Pennsylvania and an MFA in creative writing from the New School. His writing has appeared in several online and print publications. Previously, he worked in investment banking as an M&A analyst and associate.


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All Posts by Derek Loosvelt

How I Learned to Code and Start Making Six Figures

by Derek Loosvelt  |  July 29, 2015

There are two main schools of thought when it comes to technology's effects on our lives. One is that technology (and advances in technology) make our lives easier and perhaps better, giving us more information and more updated information, connecting us in ways we couldn't have dreamed of just a decade or two ago. The second is that our lives are run by technology, that we're nothing but slaves of and to technology-that is, we're nothing but a bunch of smartphone addicts who can't help but... Read More >

Is the Constant Connection to Our Jobs Melting Our Children’s Minds?

by Derek Loosvelt  |  July 15, 2015

Here's a scene you can witness at any number of New York City restaurants any night of the week: A mother sits down with her two young kids, and before menus are brought out, the mother hands the kids matching iPads. The kids then proceed to play video games through their entire meal, looking up just once or twice from their respective screens, only to drink some water or fill their mouths with food they're too busy to taste. Meanwhile, during her meal, the mother has her face locked onto... Read More >

Pros and Cons of the Uberization of Work

by Derek Loosvelt  |  July 13, 2015

Today, nearly one in five jobs is performed by a part-time independent contractor or freelancer. That's a 60 percent rise versus the number of jobs that part-timers held 15 years ago. This change in how we work has sometimes been referred to as the "gig economy." And recently, it has also been referred to as the "Uberization" of the workplace, named after the ride sharing company Uber, which employs 4,000 full-timers and 156,000 part-timers-that is, only 2.5 percent of the people who rely... Read More >

Debating the Affordability of an Undergraduate Degree

by Derek Loosvelt  |  July 06, 2015

With the cost of college and thus student loan debt rising to ridiculous levels, there are many who believe an undergraduate degree is no longer worth pursuing. And that includes the very wealthy and very well educated. Take Peter Thiel, for example. Thiel is a big swinging PE investor and hedge fund manager who has two degrees from Stanford, co-founded PayPal, was Facebook's first external investor, and, at latest count, is worth well over $1.5 billion. He also started something called... Read More >

Are Cruel CEOs Better Leaders?

by Derek Loosvelt  |  June 29, 2015

It's been well documented that many of today's great film directors are considered to be, to put it nicely, "difficult to work with." As evidence, there's the widely watched clip of David O. Russell going bonkers on the set of I Heart Huckabees, the stories about Lars von Trier emotionally pushing his actors so far that some believe he's trying to eat their souls, and the many ticked off A-list actors whose hours and hours of work were completely edited out of a film directed by Terence... Read More >

3 Leadership Lessons From Obama's Talk With Marc Maron

by Derek Loosvelt  |  June 24, 2015

Although a lot of web, print, and air space has been devoted to a certain word beginning with the letter N that President Obama used while a guest on Marc Maron's WTF podcast last Friday, there was so much more in the interview worth highlighting and remembering. For more than an hour, Obama spoke candidly with Maron on a variety of issues, including racism in America, the Affordable Care Act, the divide between the left and right, why the presidency is a little like middle management, the... Read More >

Should NBC Have Fired Brian Williams?

by Derek Loosvelt  |  June 22, 2015

Lord knows I've lied, and chances are I've conflated, but I'm still finding it very difficult to find any sympathy for newsman Brian Williams, or for his employer, NBC/MSNBC. Williams, after a six month suspension from his job for, according to him, "conflating" his part in certain news stories, was ousted from his NBC Nightly News anchor position but given a breaking news correspondent post at MSNBC; he'll also be able to fill in for his anchor replacement, Lester Holt, at NBC when... Read More >

Goldman's New No Work After Midnight Policy

by Derek Loosvelt  |  June 17, 2015

Years ago, back when I worked as a freelancer, there was this bar in Lower Manhattan that I frequented due to its notoriously good Sunday night happy hour, which actually began on Monday morning, that is, it began at the stroke of midnight-at 12 a.m. As I recall, this bar would be nearly empty on Sundays until about 11:56 p.m., at which point the place would begin to fill up and, by 12:03 a.m., there wouldn't be an open seat in sight. I mention this not to impress you with the perks of a... Read More >

Why More Women Aren't CEOs

by Derek Loosvelt  |  June 15, 2015

On July 1, KPMG's Lynne Doughtie will become the first woman to hold both the CEO and chairwoman positions at a Big 4 firm. Doughtie will join Cathy Engelbert, Deloitte's CEO, in the Big 4 C-Suite. And so, come July, half of the Big 4 will be run by women. To be sure, this is a sign of great progress with respect to gender equality in the workplace. Unfortunately, it is also a reminder of just how few women still hold senior roles in U.S. firms. Today, while women hold nearly 50 percent of... Read More >

Tricked-Out Cadillacs Are the New Corner Office

by Derek Loosvelt  |  June 10, 2015

You've probably heard about (if not ridden in one of) those vans equipped with Wi-Fi and other amenities that cart the average tech worker at Facebook and other companies to their respective jobs in Silicon Valley. But what about the big swinging managers at the top of those firms? What do they take to get to their corner offices in traffic-congested places like the Bay Area? As it turns out, more and more of them are getting in tricked-out Cadillacs created by L.A.-based automobile... Read More >

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