Most Interesting Take on UJA Layoffs

by Steven I. Weiss

Business Insider offers a view from Wall Street:

Last September, the UJA-Federation held its annual dinner at the home of former Bear Stearns chairman Ace Greenberg. It raised $43 million at the dinner, $2 million more than the year earlier.

For years, it has been the charity of choice for many of the big hitters on Wall Street. It’s annual Wall Street dinner attracts thousands of donors. It was traditionally held on the first Wednesday in December, the same day Bear Stearns announced its bonuses.