Morning Coffee May 01 2012

Private Equity Strikes Back

By julie steinberg

As private-equity firms grow more optimistic about the industry and the prospects for deal closings in the first half of 2012, they're ready to bring on more staff to help with the increased pulse of activity, according to a new survey.

EisnerAmper, a national advisory and accounting firm, polled 113 general partners, managing directors and chief financial officers, among other executives in the U.S., to gauge their attitude toward the industry and hiring specifically.

The survey found 37% of respondents said they will increase their staff, with 56% stating they're keeping their levels steady. Only 7% said they'd lay off in the first half of 2012.

Half of the respondents said they planned to bring on financial and operational staff, and a third indicated they plan to hire in the research/analysis area, too. About 26% of respondents said they would bring on staff specifically for compliance functions.

The Golden Rules (FINS)

If you want to be like Sheryl Sandberg or Marissa Mayer, here are the guidelines you need to follow. And yes, you'll have to take up golf.

More Layoffs (Term Sheet)

After taking on too many workers in the wake of the financial crisis, it's no surprise banks will have to cut thousands in coming months.

New Suggestions (American Banker)

Some say the banking industry needs to be reformed by getting rid of bonuses entirely. A compensation committee would instead decide on a fixed annual salary every year.

Coming Aboard (CFPB)

The Consumer Financial Protection Bureau has hired Stuart Ishimaru as director of the office of minority and women inclusion at the agency. He used to work at the Equal Employment Opportunity Commission.

The Ones to Watch (FINS)

It may not seem like it, but women are being groomed for the top office at several companies. Here are the next 10 female CEOs you should look out for.

One Man's Story (Wall Street Oasis)

One British investment banker-turned-musician shares his story of why he wasn't willing to stay in the industry.

Hours Upon Hours (TIME)

Studies say workers aren't productive after they work 40 hours in a week. That's probably a hoot for most in finance, who may routinely work 80-hour weeks.

Buzz Around the Office

Riding Shotgun (BuzzFeed)

Twenty animals that love to feel the breeze on their furry faces.

List of the Day: Dealing with Office Enemies

They're out there: the people seemingly designed to make your life miserable. Here's how to cope.

1. Don't react to hearsay.

2. Try it their way once in a while.

3. Accept that you're not going to be friends and just be polite.

(Source: MoneyWatch)




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