Thursday, 18 December 2014
Last updated 29 min ago
Oct 11 2011 | 2:47pm ET
John Paulson has some unwelcome visitors at his Upper East Side home.
The protestors who have crowded New York's financial district for weeks made their way north today on a tour of the homes of some of the city's billionaires, including the Paulson & Co. founder. The NYC Billionaires Walking Tour, sponsored by Occupy Wall Street, began at 12:30 with plans to visit the city homes of JPMorgan Chase CEO Jamie Dimon and News Corp. CEO Rupert Murdoch.
"Wanna 'see how the 1% lives'?" the organization's Facebook invitation reads. "Then join us on a walking tour of the homes of some of the bank and corporate executives that don't pay taxes, cut jobs, engaged in mortgage fraud, tanked our economy… all while giving themselves record-setting bonuses!"
As they walked through the streets of the Upper East Side, the protectors chanted, "We are the 99%" and "Banks got bailed out, we got sold out."
The march was sparked by the impending lapse of New York state's 2% millionaire tax. About 450 people took part.
The march coincided with an endorsement, of sorts, from hedge fund manager James Chanos for the OWS protests.
"New York is so finance-centric that people here underappreciate the reaction of the rest of the country," the Kynikos Associates chief told Bloomberg News, warning that it would be a mistake to underestimate OWS.
"People are angry, they feel the game is rigged, that they didn't get a fair shake."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.