Stephen Gandel

New York

Wall Street Columnist at Breakingviews

Reinforcing priors since at least 1996. @ft ex @nytimes @cbsnews @bloomberg @fortunemagazine @time. On Signal. DM for contact info.

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Articles

Goldman follows logical path to bad executive pay

3 weeks ago | breakingviews.com | Stephen Gandel

WestlawBuild the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. OnesourceThe most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. CheckpointThe industry leader for online information for tax, accounting and finance professionals.
Basic rules of banking apply to Klarna too

4 weeks ago | breakingviews.com | Stephen Gandel

WestlawBuild the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. OnesourceThe most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. CheckpointThe industry leader for online information for tax, accounting and finance professionals.
El bufete Paul, Weiss y el arte de negociar bajo la coacción de Trump

1 month ago | cincodias.elpais.com | Stephen Gandel |Jeffrey Goldfarb

Un buen bufete de abogados sabe cómo cerrar un trato. Solo por eso, la venerable firma de asesoría jurídica corporativa Paul, Weiss se ha hecho valer ante Donald Trump. Los abogados que ceden ante un Gobierno vengativo suelen quedar mal, pero probablemente esto impresione a los clientes que temen sufrir represalias. Brad Karp, presidente de Paul, Weiss, se encontró en una posición incómoda hace una semana cuando el presidente de EE UU expresó sus quejas y castigó al bufete.
Citi bonuses provide helpful how-not-to guide

1 month ago | dailymaverick.co.za | Stephen Gandel

CORPORATE GOVERNANCE Citigroup's latest bonus scheme proves that even a mediocre performance can still lead to a windfall. The new bonus scheme rewards top executives despite the bank's ongoing issues, with payouts cut to 68% of target after only 53% of milestones were met. By Stephen GandelCitigroup’s latest innovation: pay without performance.
Capital One's deal disquiet puts rage in arbitrage

1 month ago | today.westlaw.com | Pranav Kiran |Jonathan Guilford |Stephen Gandel

NEW YORK (Reuters Breakingviews) - Merger arbitrageurs overplayed their Trump card. Hedge funds that bet on pending deals rapidly narrowed the gap between Discover Financial Services' share price and the value of a $35 billion takeover offer from...
Paul Weiss rewrites art of the deal under duress

1 month ago | today.westlaw.com | Pranav Kiran |Jennifer Saba |Jeffrey Goldfarb |Stephen Gandel

NEW YORK (Reuters Breakingviews) - A good law firm knows how to close a deal. By that measure alone, the venerable corporate legal adviser Paul, Weiss has availed itself admirably in a clash with U.S. President Donald Trump. Attorneys caving into a...
Citi bonuses provide helpful how-not-to guide

1 month ago | today.westlaw.com | Pranav Kiran |Jonathan Guilford |Stephen Gandel

NEW YORK (Reuters Breakingviews) - Citigroup's latest innovation: pay without performance. On Tuesday, the third-largest U.S. bank said that top employees eligible to receive bonuses for cleaning up the error-prone lender's endemic issues would see...
Transcript: Nissan pushes CEO out

1 month ago | ft.com | Marc Filippino |Harry Dempsey |Stephen Gandel

This is an audio transcript of the FT News Briefing podcast episode: ‘Nissan pushes CEO out’ Marc Filippino Good morning from the...
Big banks play catch-up with fintech start-ups in deferred payments

1 month ago | ft.com | Stephen Gandel

Banks are trying to catch up to one of the hottest trends in consumer finance and head off competition from fintech start-ups, allowing...
Citigroup erroneously credited client account with US$81 trillion in 'near miss'

1 month ago | financialpost.com | Stephen Gandel |Joshua Franklin

The erroneous internal transfer, which occurred last April and has not been previously reported, was missed by both a payments employee and a second official assigned to check the transaction before it was approved to be processed at the start of business the following day. A third employee detected a problem with the bank’s account balances, catching the payment 90 minutes after it was posted.