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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

From the Marines and Merrill Lynch to Marijuana Startup CEO

by Derek Loosvelt  |  February 17, 2016

As I've written about previously here and here, opportunities abound in the budding legal weed business. And these aren't just for growers, trimmers, and budtenders, but also for CPAs, lawyers, bankers, and marketing and advertising executives. Today, these positions can be found across the country. To date, 23 states and the District of Columbia have legalized marijuana for medical purposes, and four states (Colorado, Oregon, Alaska, and Washington) and D.C. have legalized pot for... Read More >

Does School Prestige Affect Earnings Potential?

by Derek Loosvelt  |  February 16, 2016

According to a recent and rather extensive study of 7,300 college grads, how prestigious your school is might make little to no difference to your future earnings. That is, if you're a science, tech, engineering, or math major it won't. For STEM-related majors, average earnings don't vary much among the college categories. For example, we find no statistically significant differences in average earnings for science majors between selective schools and either midtier or less-selective... Read More >

Beware of This Breakfast Interview Trick

by Derek Loosvelt  |  February 10, 2016

If you ever have a breakfast interview with Walt Bettinger, the CEO of financial services giant Charles Schwab, beware of receiving the wrong order. That is, don't be surprised if you receive eggs over easy with a side of bacon when what you actually ordered was French toast with home fries. One thing I'll do sometimes is to meet someone for breakfast for the interview. I'll get there early, pull the manager of the restaurant aside, and say, "I want you to mess up the order of the person... Read More >

This Radical Move to End Wall Street Greed and Hubris Just Might Work

by Derek Loosvelt  |  February 08, 2016

Not that long ago, most Wall Street banks weren't public entities but private partnerships. And so, instead of their names ending with a Co. or an Inc., they ended with an LLP. Which meant, among other things, if the firms were forced to pay fines for misdeeds, it wasn't shareholders that picked up the tab (because there weren't any shareholders) but the bankers themselves, which is to say the partners themselves. I mention this because taking a metaphorical step backwards just might hold... Read More >

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 >

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