We've been bracing ourselves for this one but, god, nothing could've prepared us for searing pain and sense of loss we feel. I hesitate to even mention it because the consequences could be just catastrophic. And yet, I cannot in good conscience keep this to myself, because it's the sort of thing that doesn't just affect the people involved, but counterparties, as well, like bums used to sneaking in a side door and taking part in the free buffett and cash bar. Okay, here it is: we're told that our favorite Chicago hedge fund has canceled its holiday party this year, adding itself to a growing list now populated by BarcLehs, American Express, Bear Stearns and counting. I'm holding out hope that this a dirty, baseless rumor that will not come to pass but I'm truly terrified. For our friends in the Midwest, yes, but mostly for Gary Busey. It's well-known in the industry that he works the hedge fund party circuit every year as a member of the catering staff, all culminating with the Everest of shrimp puff serving in Southern Connecticut. If he loses this gig, it's all over.
War On Company-Sponsored Drunken Inter-Office Groping Continues
Posted by Bess Levin, Oct 30, 2008, 1:39pm
Comments
Posted by american bandersnatch, Oct 30, 2008 1:55PM
I know everyone hates NY finance companies, but the trickle down affect from cancelling all these holiday parties is going to suck for a lot of people.
Posted by guest, Oct 30, 2008 1:57PM
any good ideas of what to do with severance ?
I am LEHer who got 3 months sev.
Posted by guest, Oct 30, 2008 2:00PM
Strongly agree with #2. There are a number of restaurants/caterers that depend on over blown corporate holiday parties to make ends meet....On the flip side, I am intrigued by the prospect of actually partying with people I like during the holiday season.
Ho Ho Ho
Posted by guest, Oct 30, 2008 2:01PM
citadel on the tape saying it will wind down its fof business...
Posted by guest, Oct 30, 2008 2:06PM
http://blogs.reuters.com/trading-places/2008/10/28/is-wall-street-poised-for-a-makeover/
I bombed Reuters for the guy who came up with this phrase (which I love). Whoever you are, this is my tribute to you!!!
_Moneygrip Wisdom
Posted by guest, Oct 30, 2008 2:08PM
re the reuters article @7- i am so fucking sick of the hack journalists who insist on writing and rewriting the "what will the new wall street look like" story every god damn day.
Posted by guest, Oct 30, 2008 2:08PM
7000 average Joe s have just been thrown out from American Express buildings.
Reasons? Stated reasons or real-reasons?
Read it below.
http://www.marketwarnings.com/2008/10/layoffs-at-amex-is-amx-stock-real.html
Posted by guest, Oct 30, 2008 2:10PM
what abt the MD announcement at GS. Get wtb the program Bess.
Posted by guest, Oct 30, 2008 2:11PM
what abt the MD announcement at GS. Get with the program Bess.
Posted by guest, Oct 30, 2008 2:13PM
what abt the MD announcement at GS. Get with the program Bess.
Posted by Bess Levin, Oct 30, 2008 2:18PM
sweetums@13/14/15-- you mean this one?
Posted by guest, Oct 30, 2008 2:19PM
Hey @ 16 what the fuck? Are you the DB posting police? Get a life you jerk off.
Posted by guest, Oct 30, 2008 2:19PM
Triple@#13,14,15...
What MD announcement at GS? Do you mean they laid off the 94 new partners already? Tell us.
The Guy from Delaware
Posted by guest, Oct 30, 2008 2:21PM
chiggity check yo self be fo' u wreck yo self- shotgun shells iz bad fo yo healt!
-Moneygrip Wisdom/ebonics
Posted by guest, Oct 30, 2008 2:26PM
they announced the 2008 class of MDs at noon today. Sorry abt the typo, iPhones suck.
Posted by guest, Oct 30, 2008 2:31PM
@3 - I have some Bear shares I can sell you, at a discount of course. Only $75 a share.
Posted by guest, Oct 30, 2008 2:34PM
@3 - I have some Bear shares I can sell you, at a discount of course. Only $75 a share.
Posted by Anal_yst, Oct 30, 2008 2:35PM
what would we do without celebrity rehab to get our Busey fix, gasp!
Posted by guest, Oct 30, 2008 2:50PM
Hey Cohen, Im going to pull your endocrine system out of your body!!!!
Guy is crazier than a sht-house rat.....
Posted by guest, Oct 31, 2008 5:42PM
@3 Are you fucking serious? You don't know what to do with a severance check. Are you fucking retarded. You are aren't you. You are actually partially retarded. I have an idea, give it to me. Under no conceivable circumstance could I possibly do something worse that you with it. Damn, you fucking pissed me off. What do I do with a severance - fucking mansoup guzzle.
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Posted by guest, Oct 30, 2008 1:44PM
Why do you hate white people?