Greg Boester Straw That Broke JPMorgan's Back, Caused Bank To Stop Trading With Citadel

Posted by Bess Levin, Sep 18, 2008, 12:33pm

Pissed off about the poaching of employees, JPMorgan has stopped trading with Citadel. Though Dimon's employees have been fleeing to the Chi-town hedge fund for some time, the tipping point for the bank was apparently yesterday's resignation of Greg Boester. Clearing has been left alone, but trading desks have been banned from Citadel until the firm stops hiring its people.

24Recommend this! 32Comments

Comments

1

Posted by guest , Sep 18, 2008 12:34PM

first

2

Posted by guest , Sep 18, 2008 12:35PM

I am going to inject $180 in my ass to spur inflation.

3

Posted by guest , Sep 18, 2008 12:35PM

Too long, didn't read.

4

Posted by Anal_yst , Sep 18, 2008 12:42PM

wtf about this post attracted all of the crazy losers anxious proclaim for all to see just how much free time they truely have?

5

Posted by guest , Sep 18, 2008 12:43PM

I need more details

6

Posted by guest , Sep 18, 2008 12:49PM

Awesome story. Once again, more fine reporting from the crack team at Dealbreaker...

7

Posted by guest , Sep 18, 2008 12:50PM

isnt this basically the definition of cutting off your nose to spite your face?

8

Posted by guest , Sep 18, 2008 12:54PM

Arrogance is, in part, what led to where we are today. Jamie D. take note.

9

Posted by guest , Sep 18, 2008 12:57PM

Boester is a D bag. They can have him.

10

Posted by guest , Sep 18, 2008 12:57PM

Boester is a D bag. They can have him.

11

Posted by guest , Sep 18, 2008 12:59PM

Now this sounds like the Jamie we know and love.

12

Posted by guest , Sep 18, 2008 1:17PM

how'd you get that name? db is in bed with citadel

13

Posted by DrederickTatum , Sep 18, 2008 1:29PM

It seems like there has been animosity here before...Didn't Amaranth sue JPM for allegedly interfering with potentially more profitable Citadel bailout of Amaranth? (I think JPM and Citadel jointly wound up holding Amaranth...).

I like Ken Griffin. The fact that he's poaching from JPM makes a lot of sense - If I were a hedge fund titan, JPM would be on the short list of place's I'd go*. In fact, its almost a compliment.

*Admittedly, I know nothing about Greg Boester.

14

Posted by guest , Sep 18, 2008 1:32PM

Isn't Citadel a college in South Carloina. What do they have to do with Morgan Stanley?

15

Posted by DrederickTatum , Sep 18, 2008 1:37PM

It's also possible that these JPM executives have been to Chicago, seen it, and decided to have nothing to do with New York ever again.

It's called the "Ferris Bueller effect." Working for Ken Griffin is just a bonus.

16

Posted by guest , Sep 18, 2008 1:38PM

what are Citadel associate numbers?

17

Posted by guest , Sep 18, 2008 1:42PM

Bess you did it again. Kudos.

18

Posted by guest , Sep 18, 2008 2:10PM

guest @1:32, I really hope that was an obscure joke that I didn't get. Otherwise, wow.

19

Posted by guest , Sep 18, 2008 2:14PM

guest @1:32, I really hope that was an obscure joke that I didn't get. Otherwise, wow.

20

Posted by guest , Sep 18, 2008 2:57PM

How many times are you gays gonna use the same jokes?

21

Posted by guest , Sep 18, 2008 4:12PM

I understand from reliable sources within the Uncle Sam organization that the name Greg Boester is on the list of financial terrorists who are to be rounded up and destroyed.

Very public examples are to be made of the most grevious offenders.

Enjoy your brief time at Citadel, Greg, because soon you won't have enough money for bus fare back to New York.

Clowns...

Don't think this can't happen. The public anger with Wall St has about reached explosive proportions.

The Guy from Delaware

22

Posted by guest , Sep 18, 2008 5:03PM

GB ... dbag ... yup! By the way, the structured fin. group of Citadel relocated to NYC as of a month or 2 ago which is where Boester is going along w/ the other JPM guys.

23

Posted by guest , Sep 18, 2008 5:08PM

fuck jamie...who would you rather work for, a deposit taking commercial bank or a cutting edge aggressive hedge fund...i hope ken cleans the place out and leaves jamie's ass in tatters...

loren

24

Posted by guest , Sep 18, 2008 5:08PM

fuck jamie...who would you rather work for, a deposit taking commercial bank or a cutting edge aggressive hedge fund...i hope ken cleans the place out and leaves jamie's ass in tatters...

25

Posted by guest , Sep 18, 2008 5:53PM

@#23/24...

"who would you rather work for, a deposit taking commercial bank or a cutting edge aggressive hedge fund"

Hey asshole, Just what we need, more "cutting-edge, agressive" financial products.

We have plenty already, thanks.

The Guy from Delaware

26

Posted by guest , Sep 19, 2008 10:48PM

Boester is the man and will be dearly missed...all you bloggers need to unpack your Lehman boxes and get your resumes on the street...maybe BofA will hire you!

27

Posted by guest , Sep 19, 2008 10:48PM

Boester is the man and will be dearly missed...all you bloggers need to unpack your Lehman boxes and get your resumes on the street...maybe BofA will hire you...they're looking for good tellers!

28

Posted by guest , Sep 19, 2008 10:49PM

Boester is the man and will be dearly missed...all you bloggers need to unpack your Lehman boxes and get your resumes on the street...maybe BofA will hire you...they're looking for good tellers!

29

Posted by guest , Sep 28, 2008 9:34AM

Boester = Asshole

30

Posted by guest , Sep 28, 2008 9:34AM

Boester = Asshole

31

Posted by guest , Sep 28, 2008 9:34AM

Boester = Asshole

32

Posted by guest , Sep 28, 2008 9:34AM

Boester = Asshole

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