Derek Loosvelt

Derek Loosvelt

Derek Loosvelt is Vault's senior finance editor. Derek has a BS in economics from the Wharton School at the University of Pennsylvania and an MFA in creative writing from the New School. His writing has appeared in several online and print publications. Previously, he worked in investment banking as an M&A analyst and associate.

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All Posts by Derek Loosvelt

Pope Francis' First Year: The Next Great Harvard Business School Case Study?

by Derek Loosvelt  |  April 25, 2014

If the Roman Catholic Church were a public company, its share price would have doubled in the past year and its CEO would now be in a strong position to ask the board for a raise. This is more or less what The Economist implied last week when it published an article called "The Francis Effect," comparing the Pope to great turnaround CEOs "such as IBM's Lou Gerstner, Fiat's Sergio Marchionne, and Apple's Steve Jobs." The su Read More >

Deutsche Bank's $4 Billion Hangover, Part 2

by Derek Loosvelt  |  April 22, 2014

Three years ago, just after the Deutsche Bank-owned Cosmopolitan hotel and casino opened in Las Vegas, I spoke with a Vegas insider about the German bank's big Sin City bet (you can read part of that conversation in a previous post here). And last week, just after news broke that Germany's largest Read More >

‘Testament’ to One of World’s Most Dangerous Jobs

by Derek Loosvelt  |  April 21, 2014

This past Easter Sunday marked the third anniversary of the death of Chris Hondros, a Pulitzer Prize-nominated photojournalist who was killed in 2011 while on assignment in Libya. Hondros, who spent most of his career documenting war, took photographs that according to Mother Jones are "critically important in our understanding of what's going on in the world [and] critical in getting people to pay attention." Earlier this month, Powerhouse Books published a book of Hondros' photos and... Read More >

Google Wants 600,000 More Square Feet of NYC Office Space

by Derek Loosvelt  |  April 15, 2014

Earlier this week it was revealed that Google, which already occupies 750,000 square feet of office space in New York, is on the hunt for 600,000 more. The tech firm wants the space to house another 3,000 employees in New York. When I mentioned this to a coworker, she joked: So, does that mean I should work on my resume? Perhaps it does, I replied, and it also means that you better lock-in your lease as fast as you can, because 3,000 more Googlers in Ma Read More >

PwC Ranks No. 1 in Vault’s Latest Accounting Rankings

by Derek Loosvelt  |  April 14, 2014

Today we celebrate Tax Day with the release of the latest Vault Accounting 50, a ranking of the best accounting employers to work for in North America. Recently, we asked more than 10,000 accountants to rate their peer firms in terms of prestige; we also asked them to rate their own firms in numerous Read More >

‘Flash Boys’ Author Michael Lewis: IT Geeks Shall Inherit the Street

by Derek Loosvelt  |  April 04, 2014

For a long time, Wall Street knew this day was coming. And now, Michael Lewis and Main Street know it, too. In the very near future, no longer will the sharpest blue-blooded, type A, squash-playing, financially-driven Ivy League graduate with excellent complexion rule the trading desks of Wall Street’s largest and most-storied institutions. Instead, it will be the most creative and innovative IT guy (or gal) who’ll be calling all the shots. And here’s Michael Lewis, speaking on Read More >

Are Employees With Autism Better Employees?

by Derek Loosvelt  |  March 28, 2014

In the trailer for the new HBO series "Silicon Valley," which premiers Sunday April 6th, one of the superstar programmers at the center of the show is mumbling his way through a description of his tech venture when he's mistakenly called out as someone with Asperger's. Although the scene plays for laughs, it perhaps underscores the very unfunny fact that today more than 3 million Americans suffer from some form of autism. And, according to a recent study pointed out by the Wall Street... Read More >

Heir to Dimon's JPMorgan Throne Calls It Quits

by Derek Loosvelt  |  March 26, 2014

The so-called brain drain continues at beleaguered JPMorgan Chase. A few days ago, a man named Fang Fang, the chief of JPMorgan's Chinese investment banking unit, quit amid an investigation into the bank's alleged practices of hiring people in Asia so their relatives in the government would send business the bank's way. And yesterday, Michael Cavanagh, co-head of JPMorgan's global investment banking operations, announced that he was Read More >

Should Women Ask For Pay Raises Differently From Men?

by Derek Loosvelt  |  March 25, 2014

According to this New York Times video, the answer is yes. In fact, the Times believes that "when women advocate for themselves at work it can sometimes backfire, which is why women need to take a more measured approach when asking for a raise or anything else at work." Although I'm not so sure that women need to take a different strategy from men in this regard (should men simply skip into their boss's office and call out, "How does a 10 percent hike work for you?"), the Times makes a... Read More >

CEO Tweets of the Week: Gross, Musk, Holmes, and Weiner

by Derek Loosvelt  |  March 21, 2014

Unfortunately I couldn't find any CEO tweets about Mercer University's upset of Duke University in the first round of the NCAA Men's College Basketball Tournament. However, I did find one shining moment involving a Stanford physicist, as well as a rather professional-looking com Read More >