Bankers Are the New Civil Servants

Novel

Updated Apr. 25, 2017 4:56PM EDT / Published Oct. 15, 2008 3:16AM EDT

Matthew Lynn at Bloomberg has some bad news for new MBAs looking to make it big: Bankers are the new civil servants. The high-risk-high-reward days and their subsequent windfalls are over. "When you are working for a publicly owned utility, with no risk of bankruptcy," Lynn writes, "you can't expect to make anything more than a normal middle-class salary." Bankers can kiss bonuses goodbye and may have to exchange their posh corporate headquarters for office parks in (gasp!) "less fashionable parts of town." Lynn’s conclusion: "[T]he days of swaggering around the place as masters of the universe are over."

Read it at Bloomberg

Here’s How Stormy Daniels Was Served With Trump Case Papers

Trump’s legal team is in a battle for information regarding the porn actor—and say they’ve got a photo to prove their case.

Quentin Tarantino Is Scrapping ‘The Movie Critic’: Report

The director “simply changed his mind” on the project, which was set to shoot this year with Brad Pitt in the leading role, according to Deadline.

‘SVU’ Star Mistaken for Real Cop by Lost Girl While Filming

The little girl was apparently oblivious to the film crew, as well as Mariska Hargitay’s scene partner, Ice-T.

NBC’s Wacky Plans to Earn More Olympics Viewers Revealed

NBC’s novel approach will be a change from the relatively sober coverage garnered by past Olympic games.

Texas Water Hack Likely Linked to Russian Spy Agency: Report

The infamous hacking group Sandworm may be branching out, a Mandiant report finds.

Dutch Princess Reportedly Fled to Spain Over Kidnap Fears

Alarming threats interrupted her studies at Amsterdam University.

Scorsese Eyes Sinatra Biopic With DiCaprio and J. Law

The aging director wants to make a movie about Frank Sinatra’s life, but he’ll have to go through Sinatra’s daughter Tina, who controls his estate.

Olivia Munn Told Docs to Do ‘Smaller’ Breast Reconstruction

“Even as the anesthesia was making its way into my body, the last thing I said was ‘Please go smaller,’” she recalled.

Bankers Are the New Civil Servants