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Anyone get 1st year associate numbers?
isnt that a donkey punch…
why dont they just say there will be layoffs instead of rambling on and on and on. lame.
why dont they just say there will be layoffs instead of rambling on and on and on. lame.
why dont they just say there will be layoffs instead of rambling on and on and on. lame.
@3…better than Vikram’s blathering.
like Barack Obama, turns out blackrock is not 100% black, they’re actually 49% Merrillwide of American.
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
@7 Awesome…
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
@10…agreed. The man is a slob.
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.
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)
@12:
hmm…. yeah he’s really smart, understands the market and the economy we should let him PICK the next Treasury Secretary…. this is the type of logic that is bringing this country to its knees.
perhaps, we should let BE the next Treasury Secretary….
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”
That’s an outstanding letter; I wish everyone handled their shit so gracefully.
@15, nothing is fucked Dude.
@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.
Fink and Gross are the bond gods. Everybody else is just a wannabe.
@17 what a relief. Im holding you to that. I’ll sleep better tonight
Has anyone heard about layoffs at PIMCO?
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
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.
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.
Fink is one rich dude. Why not just fire a few corporate jets instead!!
@23- you are an absolute moron if you don’t think this is newsworthy.
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.
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
@28 – OG Gangster (i.e., first victim of Bear Stearns fallout and now hates the world)
“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.
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.
@ 31: Really sorry to hear that. Anyone reading this could be next. Hang in there.
@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!
@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!
The post above mine is proof that anonymous comments don’t work. What an ass.
I hope they nix the entire solution center, bunch of retards