Not even Barcleh's moves with that kind of speed.
That Was Quite Fast
Posted by Equity Private, Nov 07, 2008, 4:09pm
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Posted by guest , Nov 07, 2008 4:11PM
BANKEN BANKEN BANKEN, ITS BANKEN!!!
Posted by guest , Nov 07, 2008 4:13PM
Lame. They should have done what Wisconsin did, and take $80MM in donations to *not* name the school.
Posted by guest , Nov 07, 2008 4:14PM
i guess $300 gets people to pull their fingers out and get on with it
Posted by guest , Nov 07, 2008 4:15PM
$300 mil for the school, $199.95 for a couple of hours of a tech's time. Good trade.
Posted by guest , Nov 07, 2008 4:18PM
oh yeah great everyone should emulate Wisconsin.....everyone want to be just like the 54th best business school in the world... NOT...
Go back to middle America you hick
Posted by guest , Nov 07, 2008 4:20PM
Hyde Park Center to Harper Center was okay, but Booth just doesn't sound right. I hope they charged him a premium.
Posted by guest , Nov 07, 2008 4:21PM
Harvard is not named and has the biggest endowment of them all.
Columbia is not names either.
Hip hip hurrahhh...
Posted by guest , Nov 07, 2008 4:21PM
Harvard is not named and has the biggest endowment of them all.
Columbia is not names either.
Hip hip hurrahhh...
Posted by guest , Nov 07, 2008 4:21PM
Harvard is not named and has the biggest endowment of them all.
Columbia is not names either.
Hip hip hurrahhh...
Posted by guest , Nov 07, 2008 4:21PM
Harvard is not named and has the biggest endowment of them all.
Columbia is not names either.
Hip hip hurrahhh...
Posted by guest , Nov 07, 2008 4:22PM
5 aren't we precious
Posted by guest , Nov 07, 2008 4:23PM
Harvard is not named and has the biggest endowment of them all.
Columbia is not names either.
Hip hip hurrahhh...
Posted by guest , Nov 07, 2008 4:23PM
#2 here, HBS '07. It will always be HBS. The GSB however...just a high-paid hooker now.
Posted by guest , Nov 07, 2008 4:23PM
Harvard is not named and has the biggest endowment of them all.
Columbia is not names either.
Hip hip hurrahhh...
Posted by guest , Nov 07, 2008 4:25PM
#13, better high paid hooker than a proud poor...
Posted by guest , Nov 07, 2008 4:26PM
#13, better high paid hooker than a proud poor...
Posted by guest , Nov 07, 2008 4:27PM
It's only a matter of time before HBS and GSB get "named."
Posted by guest , Nov 07, 2008 4:28PM
#17, it's only a matter of $$$$...
Posted by guest , Nov 07, 2008 4:29PM
named more like pawned
Posted by guest , Nov 07, 2008 4:30PM
17, 18 - exactly.
Posted by guest , Nov 07, 2008 4:31PM
@13
Yea, I agree. It used to be the GSB with extra emphasis on the "e" in "the." Now it truly is a high priced whore. I am ashamed. So ashamed. Now we've lowered ourselves to the likes of Tuck or Kellogg. Or even Anderson, yick.
Posted by guest , Nov 07, 2008 4:33PM
What a load. The GSB always played holier than thou and said that it would never sell out for a name. It was such a point of pride for those falsely-arrogant douchebags. The dirty little secret is that anybody with a 650 GMAT can get into Booth.
Posted by guest , Nov 07, 2008 4:33PM
@7, 8, 9, 10, 12 - did those great schools teach your dumbass to click "Post Comment" five times?
"Columbia is not names either." Moron.
Posted by guest , Nov 07, 2008 4:34PM
Newsflash: GSB had no brand to begin with. Unless you consider failed hypotheses about efficient markets and a student body full of socially retarded investment banking clones to be a brand...
Posted by guest , Nov 07, 2008 4:36PM
Im killin the cheese curd market
-Wisconsin BS Grad
Posted by guest , Nov 07, 2008 4:36PM
The John Wilkes Boothe School of Chicago Gangsta
Posted by guest , Nov 07, 2008 4:38PM
I agree putting a price are your name is pathetic in the short term, but I think in the long term it might actually help the school to have a name it can brand. "Chicago" or "GSB" was very generic.
Posted by guest , Nov 07, 2008 4:38PM
Renaming that douchebag asylum "Chicago Booth" has to be the single worst decision in the history of the world.
Posted by guest , Nov 07, 2008 4:41PM
@26
the least funny
Posted by guest , Nov 07, 2008 4:42PM
Chicago Booth: Serving Up Misplaced Arrogance since 2008
Posted by guest , Nov 07, 2008 4:45PM
and to think they could of called it The Glory Hole - same effect
Posted by guest , Nov 07, 2008 4:48PM
@7, 8, 9, 10, 12 - did those great schools teach your dumbass to click "Post Comment" five times?
"Columbia is not names either." Moron.
Posted by guest , Nov 07, 2008 4:48PM
5
How's that Ivy League MBA working out for you?
Posted by guest , Nov 07, 2008 4:49PM
@7, 8, 9, 10, 12 - did those great schools teach your dumbass to click "Post Comment" five times?
"Columbia is not names either." Moron.
Posted by guest , Nov 07, 2008 4:49PM
@7, 8, 9, 10, 12 - did those great schools teach your dumbass to click "Post Comment" five times?
"Columbia is not names either." Moron.
Posted by guest , Nov 07, 2008 4:49PM
Wow, this is a weak ass crowd today
Posted by guest , Nov 07, 2008 4:49PM
@7, 8, 9, 10, 12 - did those great schools teach your dumbass to click "Post Comment" five times?
"Columbia is not names either." Moron.
Posted by guest , Nov 07, 2008 4:50PM
Take a look at Harvard and Yale's endowments when they report returns over the past 2 months. They'll be named by the end of next year.
Posted by Anal_yst , Nov 07, 2008 4:52PM
@24 IB'ers generally aren't the quant emh type, good try though.
@23, 32, 34
It was a well-intended effort, sadly lacking in the execution department though...
Posted by guest , Nov 07, 2008 4:53PM
@39
Sorry that the value of your degree just went further down the toilet.
Posted by guest , Nov 07, 2008 4:54PM
@33 The Ivy league MBA is working out just fine thanks for asking- let me come back to you after i finish sorting out your missus....
Posted by guest , Nov 07, 2008 5:01PM
0
==========)
0
Posted by guest , Nov 07, 2008 5:02PM
chicago is a bunch of tools who couldnt get into HBS, Stanford, Wharton, Columbia
Posted by guest , Nov 07, 2008 5:03PM
and MIT
Posted by Tau , Nov 07, 2008 5:03PM
@42:
At least have enough self-respect to use capital Os
Posted by guest , Nov 07, 2008 5:10PM
fact: as a baby, booth's umbilical cord was attached to his face, as evidenced by the outtie bellybutton below his eye.
Posted by guest , Nov 07, 2008 5:15PM
@43
So true...
Posted by guest , Nov 07, 2008 5:37PM
HBS = joke MBA- real story, IB 2nd yr ASO with HBS MBA to 5% in class-
DIR: quick what's the formula for breakeven? I need to let the CFO know what the top of thier debt structure should look like- for the new opco?
HBS top 5% MBA alum dufus: Ummm breakeven, breakeven to what.
DIR: (looking at me the lowly analyst from UofI engineering)- do you have the numbers [Jonathon]?
ME: Sure they are ....(numbers and metrics)
HBS is a joke- factory of unethical schmucks with pseudo connections.
Posted by guest , Nov 07, 2008 5:53PM
I paid for my diploma there, pretty much full of Type A douchebags. Like most, I rec'd dings from HBS, Wharton and took the next best thing. Grade Non-Disclosure is the shit for slackers like me though.
Posted by guest , Nov 07, 2008 5:59PM
Why not do some community service in one of Obama's mandatory sercice camps?
Welcome to Mao's China
http://endofesq.com/?p=490
Posted by guest , Nov 07, 2008 6:13PM
hey gang. pretty neat, huh? yeah, i think so too. i'm gonna go poop now and wipe my butt.
Posted by guest , Nov 07, 2008 6:20PM
hey #49. i just pooped. want to eat some? i hate you
Posted by guest , Nov 07, 2008 6:44PM
Whay are all the repubs so scared? You're not scared of Michael Jordan.
I didn't know the Klan had a business school somewhere.
Posted by guest , Nov 07, 2008 7:00PM
@ 26 theee MOST funny. ever heard the mayor speak?
Posted by guest , Nov 07, 2008 7:37PM
@7, 8, 9, 10, 12 - did those great schools teach your dumbass to click "Post Comment" five times?
"Columbia is not names either." Moron.
Posted by guest , Nov 07, 2008 7:38PM
@7, 8, 9, 10, 12 - did those great schools teach your dumbass to click "Post Comment" five times?
"Columbia is not names either." Moron.
Posted by guest , Nov 07, 2008 7:46PM
why would GSB take the money? they are at best #4, and will never go higher- will admit that they are epsilon better than Columbia douches, and Sloanies are just Asian women these days, no?
come to think of it- HBS' '09 and '10 classes are weak_as_shit... due to their being afraid of losing talent to law school, et al., HBS is taking in folks that are a lot younger.
Posted by VOL IS KING , Nov 08, 2008 10:32AM
The reality is all business schools are a joke. The better ones don't take themselves too seriously. If you don't want to be subjected to efficient market shit at Chicago, from what I understand there're plenty of Professors in the Math and Stats departments who know better.
Net net Chicago the city and university are on the rise, New York and the east coast are in decline. Look for Chicago to reclaim its rightful place as the center of the financial universe by the end of 2009 if it has no already done so.
Posted by guest , Nov 08, 2008 1:40PM
VOL IS KING -- Is that you, Ken? Ken Griffin?
Posted by guest , Nov 08, 2008 2:27PM
harvard's not named?
http://en.wikipedia.org/wiki/John_Harvard_(clergyman)
Posted by guest , Nov 08, 2008 8:43PM
GBS was always regarded as Chicago Economics lite. No serious loss.
Posted by Anal_yst , Nov 08, 2008 9:27PM
@ 40
wtf are you talking about? My degree, like most, is worth shit.
The piece of paper gets you in the door, what you do keeps you there/moves you forward.
I expect more from the commenters (even "guest") on this site than the gross over generalizations I've seen in this thread.
F' this, back to beer & football.
Posted by Phobos , Nov 08, 2008 10:19PM
@Anal_yst
Posted by Phobos , Nov 08, 2008 10:33PM
Fuck.
@Anal_yst
I'm getting a kick out of this too.
The idea that a University degree is "a pass" or even representative of some grander inherent knowledge deposited to its' holder by means of namesake is absurd.
We go to the University we go to for any myriad of reasons: family ties, prestige, focus in a particular arena. What we do when we get there determines what we know when we come out, not the name attached to whatever buildings we stumble in to.
And the University (per se) doesn’t do much to get you in the door, what really matters is what Alumni are already there. If you have MDs, Officers, VPs &c from some school they’re going to show favor. The firms/banks/funds we’re interested in working for all house grads from certain schools, and those people hire from their graduate base.
And just as a point, once you’ve been working for a while, none of it matters. What matters is what connections you’ve made. There’s a reason that the University moves to the bottom of the resume: after 20 years in the work force no one gives a *@ck where you went to school.
Posted by Anal_yst , Nov 08, 2008 11:00PM
@ phobos
What kills me about Wall Street is that, especially outsiders presume everyone went to Wharton/GSB/HSB/Yale blah blah blah, when for the most part, it couldn't be further from the truth.
The correlation between the "quality" (intentionally in quotes) of a school and the proportion of its graduates on The Street approaches 1, but isn't. Hell, Bill Schreyer was the Chairman of Merrill, a state school guy, GASP!!!!
Perhaps the only thing that most of us have in common is ambition. Over recent history, Wall Street has attracted those who love to win, which (rightfully or not) is measured in $'s. Many of us could likely excel in other fields if we'd chosen to do so, however, the path is (was) far more uncertain than it was/is in Finance.
Whether you did undergrad at Baruch or Berkley, Wharton or Wisconsin, it matters relatively naught. What matters is production. In the long run, that's all that matters.
Posted by Anal_yst , Nov 08, 2008 11:07PM
*if it weren't entire obvious the implication is that if one went to a good (Ivy, etc) school that one is an elitist prick. Insert that in the 1st paragraph above.
Posted by Phobos , Nov 08, 2008 11:28PM
@Anal_yst
I agree in whole.
And anyone who name drops their school in conversation as an appeal to authority should be shot on site. Every time someone says "When I was at Harvard we studied this, and I can promise you that my professors wouldn't agree with you" I instantly wish death upon them. If you can't think for yourself, if you can't formulate your own arguments in re: whatever you shouldn't be talking much less breathing.
Posted by guest , Nov 09, 2008 2:44AM
#66 Anal_yst
You're giving wall st and the people who work there (including yourself and myself) way too much credit. Reality is not the HR flier that shows a diversified plethora of smiling ambitious young people. There are certainly some opportunities for very smart, presentable, ambitious guys/girls who went to Baruch, but the reality is that most doors will always remain closed for them. The number of dimwits that are hired from "top schools" is astounding, but it becomes especially dangerous when these are the people who rise to the top (including heads of divisions and groups) and wittingly or unwittingly shape the world's financial markets.
On a positive note, I think the street has certainly become more of a meritocracy than it was 30 years ago.
Posted by guest , Nov 09, 2008 7:12AM
When I was at Harvard we studied this, and I can promise you that my professors wouldn't agree with you
Posted by guest , Nov 09, 2008 12:19PM
65 What you're forgetting anal is that the most important factor in success is the ability to sell your ideas, either internally, to customers. Those that succeed are always able to present themselves in an attractive and confident way. I've observed that there's a high correlation between those traits and going to a good school. A smart Russian kid from Brighton Beach that goes to Brooklyn College can hump spreadsheets and often do highly complex modeling (so complex I can't even explain it). And those people do fairly well, but they never hit the stratosphere. They don'thave the communcations skills language, style dress, even how nice their teeth are) necessary to get the gold. You've heard it said: the B students run the world, while the A students do higher math.
This also carries over to politics. Sara Palin for example, is extremely good at projecting the right kind of image to the R base. I doubt shes a brain trust, but there's something totally winning about her way. And, following Wall St reasoning, it theoretically doesnt matter: she'll find policy wonks to do the heavy lifting.
But heres the catch, and it applies to politics as well as the workplace: a leader often needs to make difficult decisions. And its at that point that people who are all style, no substance get themselves and the rest of us in deep trouble. Thiank GWB, Chuck Prince, Stan O'Neill. That's why, for my money, the Palins of the world should hide. But its human nature for us to instead revere them.
Posted by Anal_yst , Nov 09, 2008 2:20PM
@ 68
It seems to me that HR/managers go with the kid from Wharton over the perhaps more-qualified (knowledgeable, whatever) kid from whatever-U as a CYA move. The logic, of course, is that if the kid was good enough to get through a top school, they're probably good enough to work at your firm, certainly better than the kid who came from a lesser school. Its using one's alma mater as a proxy for future success. More often than not (although to what degree is up for debate) its a strategy that works fairly well. However, its a strategy that as you and #70 point out, eliminates alot of candidates who might excel.
If the hire works out poorly, they can always rationalize the hiring decision, 'hey, he had a 3.5 from Harvard, we could never have known he was an idiot/irresponsible schmuck/etc.' If they, in their minds, go out on a limb and hire a kid from a lesser school, its not as defensible as 'he really wow'd us on the interview'.
Posted by guest , Nov 09, 2008 3:07PM
@ANAL
YOU SOUND LIKE ONE OF THOSE POOR SCHMOS WHO COULDN'T GET INTO A GOOD SCHOOL AND IS NOW TRYING TO ELEVATE THE WORTH OF THAT JOKE-OF-A-DEGREE YOU GOT FROM BARUCH
Posted by Anal_yst , Nov 09, 2008 3:33PM
@72
Thank you Wharton all-caps boy. Of course though, you'd be wrong; the closest I came to Baruch was my former apartment in the east 20's.
I love the insecure types who, as phobos pointed out, feel the need to namedrop their school (and other annoying habits) instead of letting their work speak for itself. Wherever you went though, they apparently don't teach humility or class.
Posted by guest , Nov 09, 2008 6:21PM
@Anal_yst
always appreciated your humility. I am not being sarcastic. Most people here were arrogant fools and almost all are gone now. Perhaps there is a lesson there.
@70
May be it was this importance given to "selling" that got this country into trouble. Selling = scamming or it became so.
Selling needn't be the be all and end all of life. It depends on the kind of incentives given and kind of surrounding culture. A culture that reveres celebrity and image is bound by led by empty suits.
Posted by guest , Nov 09, 2008 7:24PM
74 There is some truth that selling is similar to scamming. But getting the sale is what earns the firm profits. Be it one bond trade, or a multi billion M&A deal, someones gotta close the sale. And like I said, like it or not, that person is probably smooth, personable and in command. Not someone overweight, poorly spoken, poorly dressed. Doesnt matter whos doing the analysis behind the scenes, where the client meets the customer it needs to be someone you feel comfortable with, you like and trust. Someone you want to have a beer with. Its the same way with picking presidents. Deciding which news show you watch (essentaillly on the basis of what anchor you like best). Its just the way of the world.
Posted by guest , Nov 09, 2008 8:38PM
@75
It's not the same all over the world.
Some fell for the scam and will never trust the American system again. Others simply opted out and would have jumped in to pick up the pieces if only political taboos had not intervened.
I think we are seeing a fundamental shift in the world.
Posted by guest , Nov 09, 2008 8:53PM
76 = asian person who is very smart but can only go so far because he can't speak English well and doesn't know how to dress.
Posted by guest , Nov 09, 2008 9:50PM
@77
Not Asian but not scared of Asians either
The world is changing. Might want start liking them
Ni Hao!
Posted by Anal_yst , Nov 10, 2008 1:24AM
@76
I'm not quite sure what you mean by the "American System", but just guessing, I can say that if we'd actually commit to it, instead of 1/2 assing it (political concessions, artificial price controls, blah blah) I doubt it would have gotten this bad.
EP actually wrote a solid piece back in Feb that points out on particular example along such lines.
http://equityprivate.typepad.com/ep/2008/02/there-is-no-suc.html
Posted by guest , Nov 10, 2008 4:44PM
I think we're missing the fact that Chicago Booth is still really, really, really weak