Posted by guest , Nov 17, 2008 2:50PM

isnt that a donkey punch...

Posted by guest , Nov 17, 2008 2:50PM

why dont they just say there will be layoffs instead of rambling on and on and on. lame.

Posted by guest , Nov 17, 2008 2:50PM

why dont they just say there will be layoffs instead of rambling on and on and on. lame.

Posted by guest , Nov 17, 2008 2:51PM

why dont they just say there will be layoffs instead of rambling on and on and on. lame.

Posted by guest , Nov 17, 2008 2:52PM

@3...better than Vikram's blathering.

Posted by guest , Nov 17, 2008 2:56PM

Things could be worse...

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN1750781020081117?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews&rpc=22&sp=true

Hat tip this shit EP...

-- Commander Bear

Posted by guest , Nov 17, 2008 2:58PM

@7 Awesome...

Posted by guest , Nov 17, 2008 2:59PM

This is just the kind of letter than Count Vik should have sent instead of his ranting and raving about how well Shiti is positioned for 2010

Posted by guest , Nov 17, 2008 3:01PM

@10...agreed. The man is a slob.

Posted by guest , Nov 17, 2008 3:03PM

Larry Fink practically placed John Thain at Merrill and John Mack at Morgan Stanley -- back in April they were Mr. "We Won't Have to Raise Additional Equity" and Mr. "Ninth Inning of the Credit Crunch." With that kind of a track record of spreading bs'ers around, we should let him pick the next Sec Treas.

Posted by guest , Nov 17, 2008 3:13PM

so really... what are everyone's plans for when you get laid off?

i'm thinking heavy construction (maybe benefit from an eventual boom in infrastructure build)

Posted by guest , Nov 17, 2008 3:23PM

Translated "Things are f*cked. We're a little f*cked. Some of you might be f*cked. We'll keep you double guessing so you're head f*cked"

Posted by guest , Nov 17, 2008 3:37PM

@15, nothing is fucked Dude.

Posted by guest , Nov 17, 2008 3:41PM

@12: Fink is undeniably the most widely respected man on Wall Street. Thain was offered Merrill only after Fink (as their top choice) asked to see their books.

Posted by guest , Nov 17, 2008 3:44PM

Fink and Gross are the bond gods. Everybody else is just a wannabe.

Posted by guest , Nov 17, 2008 3:58PM

@17 what a relief. Im holding you to that. I'll sleep better tonight

Posted by guest , Nov 17, 2008 4:00PM

Has anyone heard about layoffs at PIMCO?

Posted by guest , Nov 17, 2008 4:10PM

There's a song at the tip of my tongue right now but I just can't seem to remember it. This is driving me nuts. What the hell is that song.

SPODE

Posted by guest , Nov 17, 2008 4:25PM

This really isn't news. Who isn't laying people off? Most of these firms got very fat during the boom and are now taking measures they probably should have been doing all along to stay lean and mean. Doesn't say anything about their viability as a long term business.

Posted by guest , Nov 17, 2008 4:25PM

Fink is pretty good. Last time they had problems (2002/3), they fired the incompetent group, but then gave the others that they wanted to ditch 3 months to get out.

Much more gentle, and likely to leave a better taste in the employee's life. Possibly also exempts you from paying severance.

Posted by guest , Nov 17, 2008 4:28PM

Fink is one rich dude. Why not just fire a few corporate jets instead!!

Posted by guest , Nov 17, 2008 4:34PM

@23- you are an absolute moron if you don't think this is newsworthy.

Posted by guest , Nov 17, 2008 4:36PM

BlackRock is the gold standard of asset management and risk mitigation. If they are firing, it'll be the underperformers who deserve this unfortunate fate even though they were "carried" during the boon times. This situation is entirely different from, say Citi, which is slashing heads in a futile effort to stop a sinking ship.

Posted by guest , Nov 17, 2008 5:16PM

Fuck all- douches at Blackcock are laying off because aint no TARP fees coming as TARP as they knew it is dead. LOL

fuck larry and his goofy leisure-suits!

Go listen to his conf. call 2 qs ago, all gun ho, upswing, America is the best bs, cry me a river now b'cock!!

LOL

Posted by guest , Nov 17, 2008 5:31PM

@28 - OG Gangster (i.e., first victim of Bear Stearns fallout and now hates the world)

Posted by guest , Nov 17, 2008 6:14PM

"reengineering opportunities.. and resource allocation". So, keep outsourcing and working who's left to the ground? Gotta hand it to Fink & Co., it's a great business model.

Posted by guest , Nov 18, 2008 8:57AM

Lucky me, I was one of the ones laid off. Been with the Company 8 years - when it was SSRM. MetLife bought us then sold us to BlackRock - Same chair 3 Companies. I have escaped 3 layoffs - dodging a 4 is unrealistic! It was hard to say good bye to friends, harder to see other friends leave but all of that aside, these are some really lean times, BlackRock did what it had to to stay in the game - this is business. I would go back willing though, I loved the company and its people.

Posted by guest , Nov 18, 2008 2:13PM

@ 31: Really sorry to hear that. Anyone reading this could be next. Hang in there.

Posted by guest , Nov 18, 2008 3:53PM

@31....hahahahahahahahhahahahhahahahaha!
suck cock bitch! i hope your wife ends of laying you off too mofo! hahahahahahah! you suck. everyone i've come across from blackrock has been a complete douch!

Posted by guest , Nov 18, 2008 3:56PM

@31....hahahahahahahahhahahahhahahahaha!
suck cock bitch! i hope your wife ends of laying you off too mofo! hahahahahahah! you suck. everyone i've come across from blackrock has been a complete douch!

Posted by guest , Nov 19, 2008 11:49AM

The post above mine is proof that anonymous comments don't work. What an ass.

Posted by guest , Nov 19, 2008 7:24PM

I hope they nix the entire solution center, bunch of retards