Greg Smith, a Goldman Sachs executive, has resigned in a rather unique way, he’s written a very frank op-ed column in the New York Times, thereby fulfilling a fantasy held by every single person who has ever felt like quitting a job in a spectacular fashion. Mr. Smith, was head of Goldman’s United States equity derivatives business in Europe, the Middle East and Africa. He also managed the summer intern program in sales and trading. “I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work,” he says.
Pinkberry, the chain of California-based yogurt shops that inspires cultish behavior in its followers, was co-founded by one Young Lee, a stylish 47-year-old entrepreneur with expensive taste (he apparently owns a bunch of fancy cars including a Rolls-Royce Phantom and a Ferrari) who is currently a defendant in a criminal proceeding in which he is alleged to have hit a homeless man with a tire iron.
The Federal Trade Commission announced today that a U.S. district court has stopped an operation that allegedly collected millions of dollars in payday loan debts that consumers did not actually owe.
Wikipedia prides itself on being neutral… so why is it taking itself down to protest something political? According to their official explanation of the protest decision, the members of the Wikimedia Foundation feel that “although Wikipedia’s articles are neutral, its existence is not.”
Did Yuengling suddenly get bigger than Miller or Bud? Nope. Both are now foreign-owned. According to AdAge, Yuengling has recently surpassed Sam Adams’ Boston Beer Company as the largest U.S.-owned brewer that manufactures all its beer in the U.S.
We see enough horror stories about private student loans that we know there must be quite a few of them out there. If you’d like to contribute to the public good by sharing your experience, the Consumer Financial Protection Bureau would like to hear what you have to say. And if you actually had a good experience the CFPB would like to hear about that, too.
Thinking of getting a penis tattoo? Apparently, they come with the risk of a permanent erection. Let’s see if we can get through this one without a Jason Stackhouse joke… Nope!
Ah yes. The dream. To lose weight while eating in restaurants and thus maintaining needed contact with other humans. Can it be done? According to one study, yes, it can.
Well, this is depressing. Travel review site TripAdvisor has chosen to abandon the genius idea of releasing a “Dirtiest Hotels in America” list. Why? They want to “focus on the positive.” What the hell? Who wants to read about a bunch of clean hotels full of happy people? Bah humbug!
Samsung was delighted to announce this morning at CES that they intend to place ads to the home screens of your fancy new Smart TVs. Does this annoy you?
With each passing press conference, our inexorable path toward robot domination becomes ever more clear. LG has announced a series of smart appliances that will be “controlled” by your Smart Phone and can do things like monitor both their electrical consumption and your food consumption. They can even suggest recipes based on what is in the fridge. This will, of course, lead them to conclude that they are the more efficient lifeforms. So caveat emptor.
Yes, it’s that time of year again. Consumerist will be tagging along with Consumer Reports to the Consumer Electronics Show. How shall you follow our adventure? On Twitter, naturally. Follow @Consumerist. This account will be staffed by the inimitable Chris Morran, who will be continuing the fine tradition of making Best Buy uneasy with his presence. Be sure to say hello if you spot us on the floor.
Last Friday, Burger King launched some new fries – offering free samples while supplies lasted. Our scientific sisters at Consumer Reports jumped in the car and headed to two Burger King locations near our shared Yonkers, NY, headquarters to see if they could detect any changes.
The Salvation Army has announced that they are testing Square, a service that allows a smart phone to accept credit card payments. The test will take place at 40 locations in Dallas, San Francisco, Chicago and New York. Previous attempts at accepting credit cards weren’t successful, but the Army is feeling optimistic that consumers will adopt this new way of paying.
A (presumably) sarcastic comment on Vanguard’s Facebook page about throwing away change instead of saving it has started something of a debate over on reddit. The question? Are there, in fact, people who really throw away their change rather than save it in a jar? Could this be true? Or is everyone being sarcastic and messing with us?
Ah yes, winter tires. That’s what you need right now. You want to buy an expensive set of tires just for one season. Is it even necessary? Can’t you just get all season tires and be done with it? Maybe! But the answer really depends on where you live and what type of surface you’ll be driving on.
Chase joins U.S. Bancorp, Citigroup, PNC, KeyCorp and other large banks that have recently moved away from the plan to charge consumers a monthly fee when they use their debit cards to make purchases, reports the Wall Street Journal. The bank recently tested the fee in both Washington and Georgia.
Consumerist Talks To Jeep's CEO About Being The Most Reliable U.S. Auto Brand — But Still Middle Of The Pack
Yesterday, our gearhead cousins at Consumer Reports released the results of their Annual Auto Reliability Survey, which had Jeep jumping up seven spots from the previous year to become the top-ranked domestic brand, though it was still #13 overall. Soon after this news came out, we got the chance to speak to Jeep CEO Michael Manley about this mixed blessing