This isn’t nearly as rich as Merrill Lynch’s 1-2 punch of firing everyone and then showing up to Stern asking if anyone wanted a job but we said we’d keep your abreast of who’s a’ firing and a’ hiring and we meant it. Apparently, there are “thirty or so college kids on the MS IED trading floor for some sort of recruiting event.” According to our eye witness, “for some reason, they’re smiling,” presumably because they’ve been promised leftovers from yesterday’s pastry party.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Yes, they are hiring. That “recruiting event” had been rescheduled, it was suppose to be held last week.
They were flown in from their colleges and put up in hotels, on MS’s dollar. That’s a positive sign.
there is no security anywhere. Apply at your local police department.MS now stands for ‘moist stool’ ty.
Chuck Norris has killed black swans with his bare hands.
so bear was flying in prospects from universities(myself included) and putting them up in hotels… look what happened 5 months later
IED=Improvised Explosive Derivative?
Recruiting events are part of the annual budget which was already submitted and approved so this is money already spent.
I remember being hired at a bulge bracket bank only to find that my entire group had been fired a day after I was hired. Being young and without a defined skill set, management hustled me into another group. It’s part of life on the street.
$ 4
Bear was not bailed out. Bear did not get a major capital investment.
People have an issue with POSITIVITY.
ty #6 you sound like a seasoned journeyman or a fucking jerk-off. I can’t decide.
#8,#6 here. I can’t hear what you’re saying. Next time take my dick out of your mouth before you talk.
4 here,
not entirely true, they werent bailed out but the government did assist JPM, dont tell me there wasn’t some cost for the “poor taxpayer” associated with that.
However, my point was that companies will “hire” or at least run through the moves of hiring even in the weeks leading up to their demise
Yes its true. I live on 47th and walked by the douche bags this morning. Judging from the four in hand knots and those stupid fucking collegiate resume holders they all looked ready to take on the world. It reminded me when the 40 something sorry donkeys had their boxes at Eleven Madison just as the intern douches were taking over wall street.
new ib biz model:
tours & italian pastry.
like Rome, but zero hot women.
damn it feels patriotic shorting goldman.
-retail
Yup that’s true. I say these kids as well at Morgan. They were all minority students – blacks & hispanics – who were there for a minority leaders recruiting. Affirmative action goes on, I guess.
@13
You’re a racist bastard. Don’t weep when one of these affirmative actions render you unemployed!
@14,
13 here. You don’t need to look any further than a venrable institution like Merrill and what Stan O’Neal did to it. He got into Harvard Business School on affirmative action and bingo a couple decades later he runs a firm built by WASPs into the ground.
So you’re right, an affirmative action O’Neal rendered not me, but 10,000s unemployed. See for yourself duochebag.
15 You give ML too much credit. Venerable institution? Only in retail. The rest, basically an also ran. If O’Neil didnt kill it his successor would have. Plus you’re wrong about the ML heritage: in its early days it was in fact a WASP place, but that changed when it became Irish starting in the 1950′s – which in fact was when its growth phase began.
I agree with 13 & 15.
14 — mind your language.
at #8 you are a fucking schmuck and if i could would like to meet and buy you a tall galls of SHUT THE FUCK UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Look at these reset charts for ARMS, ALT-A and POA:
http://tinyurl.com/558bbd
We will be lucky if anyone has a job in three years.
These resets will make Subprime writedowns look like a joke.
@18
STFU. You’re as wuss as that Palin-mask pussy. So keep your faux brouhaha to your ass.
11 That sounds bitter, which is never good. Of course they’re all fresh faced and polite. They’ve got tuition bills coming due, want some money coming in. This is the day they’re been prepping for for the past 4-6 years. Maybe not the best time to belly up to the wall street trough, but what other choice do they have.
@6 got danza slapped by @8.
That gotta hurt bitch.
@13,15&17..Didn’t see any minorities at LEH, Wachovia, and WaMu and they were run into the ground. And Citi was run down not by a minority but maybe could be saved by one. And you old fuddies are just jealous of the college kids. You destroyed everything now give them a chance, they couldn’t do worse than what has been done by the baby boomers!
# 20 palin mask is me fart sucker you’re brave behind a keyboard. Try me on for size.
Mahnahmahnah!
@18 and @ 24. Why don’t you 2 meet in front of the NYSE, like the 2 morons from a couple of weeks ago?
I can tell you that these are no show events. When we sign up for a college, we cant cancel those events, it will spoil the relationship
For us everybody is a client. Stern is also one.
We just show up there…even offer to 3 or 4 people without mentioning the joining date. Then delay it to infinity.
@27 Hope one day you’ll be on the receiving end of an empty offer like the one you gave the kids. It’s best to be upfront so they can look elsewhere for a job.
Citi took 3 extra kids from Wharton this week, starting June ’09
Yeah, @29…..those 3 kids will be sweeping up the tumbleweeds that will be blowing down Citi’s halls by June ’09. And they’ll scrub the toilets too when the cleaning people are laid off!
i-c-d
Any Bangin’ Bettys in that recruitment group?
21: They are the offspring of the wealthy and connected. There’s nothing wrong with nepotisim (its part of evolutionary biology), however it is ineffecient to leave the firm to “widows and idiot sons”.
32 Ya think? I’ve been there and I’m certainly neither. At the time, no money but enough of a credit line to buy a Brooks Bros suit.
Just because they have a recruiting event doesn’t mean they’re hiring anyone. They could be diversity candidates for a sophomore program or some other internship. MS brings kids in for all kinds of things like that. It doesn’t mean a thing.
so you’re saying that banks extend offers to people they have no intention of honoring?
they come out to events just to “build goodwill” there will not be any offers made or interviews offered. it’s all for show.