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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

CEO of the Year

by Derek Loosvelt  |  January 02, 2013

My first interview for a post-college, full-time job took place many moons ago high in the sky inside the then-headquarters of insurance giant American International Group, better known as AIG. In what was only my second visit to New York City, I remember getting out of the subway at the Wall Street station, not far from where the illustrious, 66-story building on 70 Pine is located and, in Hollywood movie fashion, staring skyward, terrified, both of my imminent interview and of the building... Read More >

'Twas the Night of the Company Holiday Party

by Derek Loosvelt  |  December 12, 2012

Oh how I miss the late, great, wet and wild Wall Street annual holiday soirees. The sweaty analysts huddled around bottles of Grey Goose and Jack. The pretentious associates, fresh out of HBS, sipping Cabernet and Syrah. Hot-shot prop traders shooting everything in sight. Admins dressed to the nines. Fois gras appetizers. Prime rub bathed in au jus. C-Suiters raising, ever so slightly, flutes of Moet to multimillion-dollar bonuses and stock-price hikes that even impressed the Oracle of... Read More >

5 Biggest Hiring and Firing Stories of 2012

by Derek Loosvelt  |  December 05, 2012

The past year was a tumultuous one in C-suites across the country. Several scandals and billions of dollars in losses meant that many CEOs were shown the door. But there were also some bright spots at the top of org charts, most notably in the tech sector, where two women were finally given their just deserve. And in the world of politics, we watched (and salivated over) many a dogfight which, despite their lack of beauty, were never dull. In any case, below are the five biggest hiring and... Read More >

Why Wall Street Women Hate Quotas for Women

by Derek Loosvelt  |  November 28, 2012

For the past several months, controversy has been brewing across the Atlantic about the possibility of the European Commission imposing gender quotas upon company boards. In fact, it's possible that certain European companies will soon be required to have 40 percent of their board seats occupied by women. Which, at a glance, might sound like a good idea. That is, why not force firms that are most definitely not embracing female diversity to place a significant number of women in senior roles... Read More >

Who Wants to Work for the Winklevoss Twins?

by Derek Loosvelt  |  November 14, 2012

Tyler and Cameron Winklevoss, the identical twins from Harvard who famously sued their former classmate Mark Zuckerberg for $140 million and received $65 million in their settlement with the Facebook CEO, recently broke ground on a venture capital firm called Winkelvoss Capital. To date, Winklevoss Capital has secured an office space in the Flatiron neighborhood of Manhattan, and invested in two start-ups: Hukkster, a discount shopping site, and SumZero, a website that brings together money... Read More >

Interview Like a Two-Term President

by Derek Loosvelt  |  November 06, 2012

Although it's impossible to point to a single moment when Barack Obama jumped out in front of Mitt Romney during the presidential race, never to look back, I'd argue that that moment occurred during the third presidential debate, supposedly focused on foreign policy. Romney, during a discussion of Iran and Israel, as he'd done in all three debates to rather good effect, gave a clear overview statement about his position before saying he had a several-step plan in place to implement that... Read More >

All's Fair in Love, War, and Layoffs

by Derek Loosvelt  |  November 02, 2012

Although 25 consecutive months of job growth suggests that the economy is getting back on its feet, that doesn't mean there aren't scores of people still losing jobs by the day, if not the minute. And perhaps nowhere is that happening in greater numbers than on Wall Street. Of course, given that Wall Street is largely responsible for putting the U.S. economy into its unemployment mess in the first place (not to mention that many lives have recently been devastated by Superstorm Sandy),... Read More >

6 Trickiest Interview Questions and How to Nail Them

by Derek Loosvelt  |  October 17, 2012

Guesstimates and brainteasers are two types of interview questions commonly asked by Wall Street firms, consulting firms, and tech firms. They're also the types of questions that can make or break an interview. Which means you better know how to prepare for them as well as how to nail them. To that end, the first rule of guesstimates and brainteasers is there are two types of wrong answers: the random guess and giving up. The second rule is interviewers, in asking these questions, are... Read More >

3 Interview Tips From Johnny Ramone

by Derek Loosvelt  |  October 10, 2012

You might be surprised to learn that the late Johnny Ramone of the legendary band the Ramones was a raving Republican*. You might also be surprised to learn that Johnny preferred milk and cookies to drugs and alcohol, and watching ESPN SportsCenter to cavorting with groupies. Not to mention that he was responsible for carefully crafting the Ramones' stripped-down image, and that the leather-jacket-and-ripped-jeans-wearing ex-punk rocker has much to teach the buttoned-up set when it comes to... Read More >

A Case For More CEO Tweets

by Derek Loosvelt  |  September 26, 2012

Marissa Mayer does it. Richard Branson does it. Even Rupert Murdoch does it. That is, all three of these CEOs tweet. They are, though, in the minority. Currently, less than 5 percent of chief executives have an active Twitter account. Meanwhile, 35 percent of Americans are now actively tweeting. So, the question begs: why aren't more chiefs sending out 140-character messages and racking up followers by the thousands? The easy answer is there's too much downside. As we saw in recent weeks... Read More >

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