Business and Money Archive -- New York Magazine

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Business and Money Archive

March 23, 2009
Sam Waksal Was Right All Along*

The biotech entrepreneur, friend of Martha Stewart, and �Page Six� regular spent five years in jail on insider-trading charges. Just three months after his release, ImClone, the company Waksal founded, was sold for $6.5 billion, on the strength of the breakthrough cancer drug he developed. Did prison change him? Not really. Does he feel vindicated? Absolutely.

March 9, 2009
The Most Powerless Powerful Man on Wall Street

How Citi CEO Vikram Pandit finally reached the top� just in time to see the financial system, Citigroup, and all his dreams come crashing down.

March 9, 2009
Plastic People

One hundred spenders surveyed in Union Square.

March 2, 2009
Mom and Dad and Ruth and Bernie

Our friend the swindler.

March 2, 2009
The Monster Mensch

What made Bernie Madoff, a man who helped revolutionize Wall Street and built a completely legal billion-dollar business, perpetrate the greatest fraud in history? And what led Ezra Merkin, born to immense privilege, to enable him?

February 23, 2009
Defending Tim Geithner

Wall Street loved the new Treasury secretary but hated his bank-rescue plan. I see it just the other way around.

February 16, 2009
Commonwealth

Sure, we want to see Wall Street humbled. But beggaring these guys is bad for New York.

March 23, 2009
Why Us?

New Yorkers’ excess of recession depression.

March 30, 2009
Lehman’s Taste Futures

Lehman Brothers Holdings Inc. is trying to unwind its aesthetic holdings.

March 30, 2009
AIG CEO Mortality Table

AIG CEO Edward Liddy found himself trying to soothe Congress last week after the bonuses blew up.