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1. Who holds the keys to the kingdom?
Finance is a game of ups and downs. From share prices to bank accounts to assets under management, the business amounts to numbers rising and falling.
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But it's not just numbers. The power held by key executives is a fluid situation, and one that can change at the drop of a hat. One day you're navigating the takeover of your biggest rival, the next you're looking for a new job.
Carter's story got me thinking: Who's the most powerful person in finance?
Jamie Dimon: Let's start with the JPMorgan CEO. When you run the largest bank in the world's biggest economy, you can all but guarantee a spot on this list. Dimon has long been the world's most visible banker, but the recent banking crisis solidified that position, as Carter's story details.
Jerome Powell: It's only fair to throw one regulator in the mix. With all due respect to Gary Gensler and Janet Yellen, this is a no-brainer. Powell's decision to raise rates over the past year has had the single greatest impact on the wider markets. Don't believe me? Go ask SVB.
Warren Buffett: Before you jump down my throat, realize this is a list of the most powerful people in finance not on Wall Street. While Buffett may not have the Street cred of the others on this list, he has something equally important: the ear of the people. Average Americans won't recognize most of these names, but they all know who Buffett is. That type of influence, while not evident on league tables or AUM, greatly matters. (He also had a cameo in "The Office," so there is that.)
2. What's next at the world's "most feared law firm?" Check out this fascinating story on the shake-up at Quinn Emanuel, the world's largest litigation firm. John Quinn, the firm's founder and a legendary attorney in his own right, discusses the recent shift in power at the firm. Here's what's next for one of the pillars of Big Law.
4. Companies people actually like working for. Workplace review site Comparably has released its rankings for the best companies to work at in in the New York and San Francisco metropolitan areas. Neither cities' lists had a strong showing from finance, but it's still worth checking out. Here are the top 25 in NYC, and the top companies in the Bay Area.
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5. They're always watching. A recent survey found 96% (!) of companies whose workforce is either mostly WFH or hybrid uses software to monitor employees' productivity. (Good thing reading 10 Things on Wall Street is approved by all companies.) More on how your boss is probably watching you right now.
6. M&A league tables for Q1. The latest rankings are in for the top advisory firms through the start of the year, and there are some surprising entrants towards the top, the Financial Times reports. Check out the entire list here.
7. The average banker's bonus in New York this year was only $176,700. The industry saw roughly a 26% drop in average bonus size compared to last year, Bloomberg reports. One wonders how they'll survive. More on the plight of the banker.
8. Oh, Wells Fargo. Not again! The bank was hit with a nearly $100 million fine for letting a foreign bank make prohibited transactions, The Wall Street Journal reports.
9. This is why your Uber rating sucks. Uber drivers explained why users might have lower ratings than they expected. Why everything from leaving crumbs in the backseat (understandable) to loud friends (really?!) could end up knocking you down. Find out what's keeping you from a perfect 5-star rating.
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10. Meet NYC's "hardest, most expensive workout class." Few things seem to bring Wall Streeters more joy than paying an absurd amount of money to get yelled at while working out. Here's 54D, a fitness studio that's all the rage, according to the New York Post. Read more about the $5,400 workout routine.
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