Training The Street News & Events

Crain’s: Scott Rostan “M.B.A.s flock to tech scene”

Traditional Wall Street jobs aren’t the sure thing they used to be for some graduates. http://www.crainsnewyork.com/article/20140318/NONPROFITS/303169997/-education-report-m-b-a-s-flock-to-tech-scene# By Eilene Zimmerman Kelly Goldston didn’t make a beeline for an investment bank or consulting firm like many M.B.A.s when she graduated last May from New York University’s Stern School of Business. Instead, she took a job as senior manager of acquisition marketing for the e-commerce site Diapers.com, owned by Quidsi, an Amazon company that made her an offer before she graduated. “The startup scene in New York City is really heating up, and at a party, it’s a lot more sexy to talk about your job at a startup than at a hedge fund,” said Ms. Goldston. Like Ms. Goldston, many recently minted M.B.A.s have continued the post-recession trend of looking for work outside of high-profile Wall Street employers such as Goldman Sachs […]

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Bloomberg: Scott Rostan on “The Tug-of-War Over Top Financial Talent”

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Bloomberg: Chirag Saraiya on “Herbalife Ripens for Suitors Dismissing Ackman: Real M&A”

http://www.bloomberg.com/news/2014-02-24/herbalife-ripens-for-suitors-dismissing-ackman-real-m-a.html By Brooke Sutherland and Duane D. Stanford For suitors willing to bet Bill Ackman is wrong, Herbalife Ltd. (HLF) is a prime candidate for a buyout. Ackman’s assertions that Herbalife is a pyramid scheme pit him against company backers including Carl Icahn and Bill Stiritz, chairman of Post Holdings Inc. Stiritz, the fourth-largest holder, said last year he’d support a buyout. Herbalife reported record annual profit this month after auditor PricewaterhouseCoopers LLP gave it a clean bill of health. The $6.8 billion company offers private-equity firms substantial cash flow to pay down debt, said Emerald Asset Management Inc. It has a lower earnings multiple than 98 percent of its peers, according to data compiled by Bloomberg. Ackman’s criticism is weighing down the stock and Herbalife would fetch a higher valuation in a takeout, said Kerrisdale Capital Management LLC, which sees a sale price more than 35 percent higher than last […]

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Training The Street Offically Launches Law Firm Practice Group

http://www.cnbc.com/id/101407124 – Financial Learning Service Provider Uses Wall Street’s Tools for Legal Clients – NEW YORK, February 11, 2014 – Training The Street (TTS), a leading corporate training provider for the top Wall Street firms and business schools, officially announced today the launch of its law firm practice group. Adapting TTS’s coursework offered to banks, corporations, investment firms, consulting firms and academia, TTS is now providing training to law firms to assist transactional and litigation attorneys in understanding financial statement analysis, corporate valuation, takeover transactions, debt or equity issuances, and other relevant areas.  Today’s announcement formalizes what has been a growing practice area for TTS, which is already working with top-ten national law firms. In each training session, which is held at the client’s offices, TTS uses practical and real-life examples that attorneys encounter in various transactional and corporate litigation […]

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CFO Magazine: Scott Rostan on “CVS Jettisons a Cash Cow”

http://ww2.cfo.com/risk-management/2014/02/cvs-jettisons-cash-cow/ Marielle Segarra On Wednesday, CVS Caremark announced that it would stop selling cigarettes and tobacco products, a segment worth $2 billion in annual sales. Much has been written about the decision, which CVS says will erase 17 cents in from its earnings per share annually. Why would it make this kind of move? Partly to bolster its reputation. CVS will forever be known as the first big drugstore to drop cigarettes, in a country where anti-smoking public-service announcements are ubiquitous and smoking ban legislation is introduced every week. Indeed, CVS got an immediate pat on the back from President Barack Obama, who thanked the CEO and board of directors at CVS for making “a choice that will have a profoundly positive impact on the health of our country.” The American Heart Association and American Lung Association also lauded the […]

Blackstone’s Jonathan Gray Philip Montgomery for The Wall Street Journal

Wall Street Journal: Scott Rostan “Reaching the Top Ranks of Blackstone Without an M.B.A.”

http://blogs.wsj.com/moneybeat/2014/01/31/reaching-the-top-ranks-of-blackstone-without-an-m-b-a/  By Mike Spector Real-estate guru Jonathan Gray heads Blackstone’s largest business, chairs the board of Hilton Worldwide Holdings Inc., just became a billionaire on paper and is in line to one day run the world’s largest private-equity firm. But he’s also notable for something he doesn’t have: an M.B.A. The 43-year-old Gray, who heads Blackstone’s $79 billion real-estate group, doesn’t hold a master of business administration, the classic graduate degree in business peppered on the resumes of countless Wall Street executives all the way down to first-time employees in the financial-services industry. He isn’t alone: Joseph Baratta, who runs Blackstone’s $66 billion private-equity group, also rose through the ranks at the firm with only an undergraduate degree. David Blitzer, who heads Blackstone’s “tactical opportunities” group, doesn’t hold an M.B.A. Like Mr. Gray, he did receive an undergraduate degree from […]

Robert Rostan

Proformative: Robert Rostan “Trading Places, How to Carry Over Your Finance Skills to Another Industry”

  http://www.proformative.com/articles/trading-places-how-carry-over-your-finance-skills-another-industry Sheryl Nance-Nash Robert Rostan wanted something different. He was the director of financial reporting at Sonic Automotive, an $8 billion public specialty retailer, but in 2006, he joined his brother’s company, Training The Street (TTS) a corporate training provider for Wall Street firms and business schools. Today, as the CFO and principal of TTS, Rostan spends 30 to 50 percent of his time serving as CFO, and the rest teaching accounting, financial analysis, and corporate leadership to students. “I wanted something entrepreneurial,” Rostan explains. “I have helped grow my brother’s business. When I joined, I was the ninth employee, and we now have 30 employees.” What he also got in return for what could have been a risky career move was a rewarding switch from one industry to another, a change that some CFOs may feel is elusive if they have thus far stayed […]

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Bloomberg: Scott Rostan “Is Hilton a Homerun for Blackstone?”

The Rostans at Davidson (l-r): Robert Rostan ’92, Dr. Stephen Rostan ’66 and Scott Rostan.

Early-bird Students take advantage of Wall Street short course

http://www.davidson.edu/news/news-stories/131206-students-take-advantage-of-wall-street-short-course How much do Davidson students care about careers in finance and business? Enough so that more than 70 of them gave up several hours of sleep to sign in at 9 a.m. on a Sunday for an all-day primer about Wall Street. What they got for their early rising on the weekend was a lesson in corporate valuation and financial statement analysis that could help them someday work in the world’s primary financial center. The unusual Sunday session was presented by Training The Street (TTS), one of the nation’s top financial education training firms. The Center for Career Development promoted and organized the extracurricular event, with support from the President’s Office. TTS offers many different specialized classes for its mostly corporate clients, but session trainer and firm President Scott Rostan focused on corporate valuation and financial statements as the […]

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The Street: Scott Rostan on “Wall Street Hiring Turns Optimistic”

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Since 1999, Training The Street has specialized in Finance Training, Financial Training, Investment Banking Training and Financial Modeling Training around the world.