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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

Is Yahoo's Performance Review System Illegal as Well as Morale-Crushing?

by Derek Loosvelt  |  February 03, 2016

It hasn't been a good week for Yahoo. Yesterday, in its fourth quarter 2015 earnings report, Yahoo said it had accidentally overvalued itself by a $4.5 billion and announced it would be laying off 15 percent of its 11,000 employees. And on Monday, it was revealed that a former Yahoo employee is filing a lawsuit against the company, alleging that Yahoo manipulated its infamous employee-rating system to illegally fire him (and perhaps hundreds of other employees). In a lawsuit filed in... Read More >

The Devil Wears Tom Ford

by Derek Loosvelt  |  February 01, 2016

When you think of great female corporate leaders, you might not think of Anna Wintour. But you should. Wintour-a mother of two who serves as the artistic director of the Condé Nast empire in addition to overseeing many of its publications, including Vogue, Golf Digest, and Brides-is undoubtedly one of the most powerful women working in U.S. business today, not to mention the most powerful man or woman working in the fashion industry today. And although this co-overseer of more than one... Read More >

Which Companies Have the Healthiest Employees?

by Derek Loosvelt  |  January 27, 2016

Although the answer to this question isn't something we know now, we might in the very near future. According to the Wall Street Journal: A group of employers, including International Business Machines Corp., PepsiCo Inc. and Johnson & Johnson, are weighing how to publicly report-and measure-the health of their workforce. Such ratings would give shareholders, corporate directors, managers and consumers insight into a company's commitment to improving employee health, and whether such... Read More >

Is Insead a Better MBA School Than Harvard?

by Derek Loosvelt  |  January 25, 2016

According to the Financial Times' new MBA rankings, Insead is the best business school in the world. The school, based in France and Singapore, ranked No. 1 in the FT's 2016 global MBA rankings, unseating Harvard, last year's top MBA program, which ranked No. 2 this year. Insead and Harvard were followed by London Business School, Wharton, and Stanford, respectively. The reason for Insead's rise to No. 1 (it ranked No. 4 last year) had to do with its length and thus affordability. Insead... Read More >

Will 'Billions' Inspire Millions of New Hedge Fund Managers?

by Derek Loosvelt  |  January 21, 2016

When Oliver Stone made his iconic Wall Street film "Wall Street" in 1987, he was doing so, at least in part, to call out the greed and hubris of the financial world and to castigate the greedy bankers and traders on the Street during the 1980s in hopes, at least in part, that young people (men) would think twice before jumping into careers in finance, or at least think twice before they head down a very dark road once firmly into their Wall Street careers. However, the exact opposite... Read More >

The One Thing Cruz, Rubio, Clinton, and Sanders Agree On: Wall Street Stinks

by Derek Loosvelt  |  January 13, 2016

During his final State of the Union address, President Obama joked that he'd make his speech short so everyone can get back to Iowa, meaning to the campaign trail, meaning Republicans and Democrats can both return to preaching to their respective bases, meaning both Republicans and Democrats can return to bashing Wall Street. Yes, this time around, even the Republicans are bashing bankers, biting the hands that often feed them. Here's the (not-so-liberal) Wall Street Journal on the subject... Read More >

Q&A With Ellen Jin, a Morgan Stanley Credit Risk Analyst

by Derek Loosvelt  |  January 06, 2016

Ellen Jin is a former Morgan Stanley intern who recently joined the firm on a full-time basis. Jin works as an analyst in the firm's Credit Risk Department. Last month, Jin spoke to Vault about how she landed her internship and why she took a full-time position with Morgan Stanley. She also offered some advice for students looking for financial services internships. Below is an excerpt of that conversation. VAULT: Where did you grow up and go to school? And how did you find your way to... Read More >

10 Most Encouraging Workplace Developments of 2015

by Derek Loosvelt  |  December 16, 2015

Of all the career and workplace-related news and developments I followed this year, here are the 10 I believe to be the most encouraging, to current and future members of the Great American Workforce. 10. Wall Street, Led by Goldman Sachs, Is Continuing to Address the All Too Often Punishing Lives of Investment BankersNot long after the apparent suicides of two young Wall Street bankers (one of whom worked for Goldman, the other for Moelis) whose brutal work schedules likely had more than... Read More >

Secrets to Success of Best Wall Street Bank You've Never Heard of (Unless You Work on Wall Street)

by Derek Loosvelt  |  December 09, 2015

Evercore, which recently ranked No. 4 in the Vault Banking 50 and took the No. 1 spot in Vault's 50 Best Internships, has been killing it in 2015. Its stock has risen 600 percent higher than the S&P 500. Its net revenues are up nearly 40 percent. It promoted more employees than ever in its history. And it had its hands all over the largest technology deal of all time. What's Evercore's secret to success? Apparently, the answer, or at least part of the answer, is picking up dealmakers... Read More >

Wall Street's First CHO (Chief Health Officer) and the Benefits of Leaving Work at 7

by Derek Loosvelt  |  December 07, 2015

It makes pretty good sense to me that a healthier worker is a more productive worker. Fewer sick days, fewer cigarette breaks, fewer chocolate donut breaks, more effective when not on break, etc. It also makes good sense to me that if you nearly die from working too much and/or hitting the fatty tuna and Sapporo too hard that you should alter the amount you work, amount you eat and drink, and amount of time you spend on physical exercise. I mention all this because two months ago Japanese... Read More >

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