Shocker: Erin Callan to Leave Pity Post at Lehman

By John Carney

…And join Credit Suisse, where Brady Dougan promises to take full responsibility for his mistakes. At the marginally more successful, slightly less tax-evading Swiss bank in town, Callan will serve as Managing Director and head of its Global Hedge Fund Business, a position created specially for well-heeled woman. Callan’s new gig starts on September 2, which also happens to be someone‘s birthday, so hopefully she’ll be down for a joint celebration. Interestingly enough, when asked by Erin Burnett about the appointment, Jim Cramer chose to say nothing, which has never happened before. Make of that what you will.
Earlier: CFO Erin Callan, COO Joseph Gregory Out At Lehman Brothers

Comments (40)

  1. 1
    Posted by guest | July 15, 2008 at 2:39 PM

    Word is that Brady Dougan likes them extra-cougary.

  2. 2
    Posted by guest | July 15, 2008 at 2:40 PM

    Too long, didn’t read.

  3. 3
    Posted by beentheredonethat | July 15, 2008 at 2:46 PM

    Not worth a shit until they announce DICK fuld has withdrawn.

  4. 4
    Posted by guest | July 15, 2008 at 2:48 PM

    Clearly this was a “pity” hire. This newly created position at CS looks alot like an old favor she called in.
    Not many “newly created positions” being created at CS these days other than the temps hired to help pack boxes.

  5. 5
    Posted by Anal_yst | July 15, 2008 at 2:50 PM

    NEWS STORY FOR N. 6134 (Source: DJ)
    14:48 07/15 PRESS RELEASE: Erin Callan Joins Credit Suisse as Head of Hedge Fund

  6. 6
    Posted by Anal_yst | July 15, 2008 at 2:51 PM

    …business…In this newly
    created position, Ms. Callan will join the Investment Bank Management Committee
    and the Global Client Steering Committee. Her appointment is effective
    September 2, 2008 and she will be based in New York.

  7. 7
    Posted by guest | July 15, 2008 at 2:52 PM

    What a joke!!

  8. 8
    Posted by guest | July 15, 2008 at 2:52 PM

    WTF, Why would Credit Suisse want her?

  9. 9
    Posted by guest | July 15, 2008 at 2:53 PM

    @ analyst–…you posted that b/c why?

  10. 10
    Posted by guest | July 15, 2008 at 2:54 PM

    WTF, Why would Credit Suisse want her?

  11. 11
    Posted by Anal_yst | July 15, 2008 at 2:57 PM

    @ 2:53, because when this story was 1st posted on DB it was not included, hoss. Post has been updated subsuently.

  12. 12
    Posted by guest | July 15, 2008 at 2:57 PM

    that’s interesting Dealbook editor, b/c Dealbreaker posted this at 2:35, Dealbook at 2:40. You keep fighting the good fight, though!

  13. 13
    Posted by guest | July 15, 2008 at 2:59 PM

    Yet another female appointment at CSFB. Pretty soon they’ll have to change the name to incorporate Greek letters…

  14. 14
    Posted by guest | July 15, 2008 at 3:01 PM

    BL,
    Do you have a position on The Shocker?

  15. 15
    Posted by guest | July 15, 2008 at 3:01 PM

    I’d hit it. Thrice.

  16. 16
    Posted by guest | July 15, 2008 at 3:08 PM

    @3:01
    Oh I would fuck her, but I don’t think CS should have hired her

  17. 17
    Posted by girl | July 15, 2008 at 3:10 PM

    Don’t flatter yourselves, most of you would fuck anything with 2 legs, and only require a brief moment’s consideration for a girl with only 1 of them…

  18. 18
    Posted by guest | July 15, 2008 at 3:11 PM

    Cannot wait to see the new picture of her at CS.

  19. 19
    Posted by guest | July 15, 2008 at 3:12 PM

    @girl – how much consideration if no legs?

  20. 20
    Posted by guest | July 15, 2008 at 3:13 PM

    @3:10
    I actually turned down sex two weeks ago, I’m not that easy……

  21. 21
    Posted by guest | July 15, 2008 at 3:14 PM

    I believe the relevant term is “well-heeled” = meaning having plenty of money – unless there is some pun here I don’t understand?
    Main Entry:
    well–heeled
    Function:
    adjective
    Date:
    1897
    : having plenty of money : well-fixed

  22. 22
    Posted by girl | July 15, 2008 at 3:15 PM

    @3:12 – A minute 30 and a bud light
    @3:13- Not being able to rise to the challenge and turning it down are not the same thing ha

  23. 23
    Posted by guest | July 15, 2008 at 3:18 PM

    The bitterness is back. girl, have you tried chicks?

  24. 24
    Posted by Capt Obvious | July 15, 2008 at 3:19 PM

    Erin Callan needs to merge w. a legless girl to survive

  25. 25
    Posted by guest | July 15, 2008 at 3:20 PM

    @ girl – how many legs do you have?

  26. 26
    Posted by guest | July 15, 2008 at 3:22 PM

    @girl Bud light? WTF.

  27. 27
    Posted by guest | July 15, 2008 at 3:23 PM

    With Erin getting the summer off, they’ll be a lot of tired college boys in The Hamptons this summer. No word on whether she is a fan of the shocker.

  28. 28
    Posted by guest | July 15, 2008 at 3:27 PM

    I would rather do a girl with no legs than with one.

  29. 29
    Posted by guest | July 15, 2008 at 3:27 PM

    @2:57 (cough carney cough) , i wasn’t referencing time, just details of the article. in fact i prefer dealbreaker to dealbook (only partly because of bess)and read it much more.

  30. 30
    Posted by guest | July 15, 2008 at 3:28 PM

    Girl, I can rise to the challenge…Want be to show you

  31. 31
    Posted by girl | July 15, 2008 at 3:28 PM

    I have 8 legs; I’m actually an octopus.

  32. 32
    Posted by guest | July 15, 2008 at 3:29 PM

    @3:27- “partly because of bess” and mostly because of what?

  33. 33
    Posted by guest | July 15, 2008 at 3:31 PM

    very good point 3:27, never really thought of it.
    just one leg would seem kind of strange.

  34. 34
    Posted by guest | July 15, 2008 at 3:41 PM

    I don’t hear girl’s answer to to 3:28. Maybe she wen’t sissy on us.

  35. 35
    Posted by beentheredonethat | July 15, 2008 at 3:42 PM

    @3:12
    Never. Snail tracks are a bitch to clean up.

  36. 36
    Posted by hedgehog | July 15, 2008 at 3:45 PM

    Anyone else notice the WSJ drew her with a freaking beard?!
    http://online.wsj.com/article/SB121614671139755285.html?mod=hps_us_whats_news

  37. 37
    Posted by guest | July 15, 2008 at 3:48 PM

    @3:42 – much easier to shave though

  38. 38
    Posted by girl | July 15, 2008 at 3:54 PM

    I was on a conf call.
    Oh yes, please show me Guest. I’ll meet you and all the other 9 million guests claiming to be you at the corner pub (don’t worry, you’ll figure out which corner, there are only like 20 billion of them in new york) at 5 oclock sharp.
    Can’t wait!

  39. 39
    Posted by guest | July 15, 2008 at 4:03 PM

    Girl you disappoint me

  40. 40
    Posted by guest | July 15, 2008 at 4:05 PM

    I think I did girl during the weekend. Can provide the number of the craiglist ad if interested. Ask for ‘Amy’.