D.E. Shaw Layoffs

http://www.futureofcapitalism.com/2010/09/de-shaw-layoffs

The hedge fund D.E. Shaw & Co. is laying off 150 people, or about 10% of its workforce, the Wall Street Journal reports. Maybe they are making room for Lawrence Summers to return to his $5.2 million a year, one-day-a-week job there when Mr. Summers "returns to Harvard" in January upon stepping down from his post as chairman of President Obama's National Economic Council.

by Ira Stoll  |  Sep 29, 2010 at 1:43 pm Related Topics:  Lawrence Summers, President Obama receive the latest by email: subscribe to the free futureofcapitalism.com mailing list