• 23 Jan 2009 at 10:59 AM

Layoffs Watch ’09: Madoff Securities

By Bess Levin

Not sure if it’s actually characterized as ‘layoff’ when your boss is (maybe) going downtown but we can quibble over semantics later. According to our resident Madoff expert, “people on the 17th, 18th, 19th floors started being let go yesterday, continuing this morning…included in the dismissals was Ron Hooey, who was a high paid friend of the Madoffs.” No word on whether or not Bernie-boy was there to see them off, though, let’s be honest, if he wanted to find a way to be there, he would. Regarding bouncing back, an unlikely rumor has been going around that the legal departments of some big firms have enacted a moratorium against hiring ex-Madoff employees, though we’ve been told that 3-4 PMs have already secured new jobs.

Comments (33)

  1. 1
    Posted by guest | January 23, 2009 at 11:03 AM

    Did they take the sev from the new employees and give it to the more senior employees?

  2. 2
    Posted by guest | January 23, 2009 at 11:04 AM

    I wonder what Andrew Cuomo thinks about this?

  3. 3
    Posted by guest | January 23, 2009 at 11:09 AM

    Seriously, who would hire PM’s from that firm? Was it McDonald’s? Unrelated industries I can understand.
    Or are the new “employers” interested in Big B’s techniques or lack thereof.

  4. 4
    Posted by guest | January 23, 2009 at 11:10 AM

    does this imply laz’s got no bid for the b/d? they should at least be getting something for the grey furniture? what about bids for the madoff commodes?

  5. 5
    Posted by CapitolCapital | January 23, 2009 at 11:16 AM

    quibble over semantics? I would fully expect a Madoff thread to be quite anti-semantic.

  6. 6
    Posted by guest | January 23, 2009 at 11:17 AM

    @5 Oooooooh how DO you do it?

  7. 7
    Posted by guest | January 23, 2009 at 11:22 AM

    So ex Made-Off Employess are the new untouchables?

  8. 8
    Posted by guest | January 23, 2009 at 11:46 AM

    What are the first year analyst numbers?

  9. 9
    Posted by guest | January 23, 2009 at 11:47 AM

    What are the first year analyst numbers?

  10. 10
    Posted by guest | January 23, 2009 at 11:52 AM

    @1
    …classic

  11. 11
    Posted by guest | January 23, 2009 at 12:22 PM

    Ron Hooey? is that like Shade E. Figur? Did you make that up?
    No, Spoke says he really exists and is a buddy of Liz Weintraub, perhaps also dismissed…
    http://www.spoke.com/info/p1uqDbe/RonHooey

  12. 12
    Posted by guest | January 23, 2009 at 12:54 PM

    i heard first yr analysts had to forfeit sprint points from their sign on bonus

  13. 13
    Posted by guest | January 23, 2009 at 12:55 PM

    Where is Grateful Ed?

  14. 14
    Posted by guest | January 23, 2009 at 1:04 PM

    Where is the “KUGEL”

  15. 15
    Posted by guest | January 23, 2009 at 1:04 PM

    u mean grateful ed – the self -proclaimed head of the desk – prob truning beet red right now .. who posted that – looks like you had a tenure @ the blm as well.

  16. 16
    Posted by guest | January 23, 2009 at 1:06 PM

    u mean grateful ed – the self -proclaimed head of the desk – prob truning beet red right now .. who posted that – looks like you had a tenure @ the blm as well.

  17. 17
    Posted by guest | January 23, 2009 at 1:06 PM

    u mean grateful ed – the self -proclaimed head of the desk – prob truning beet red right now .. who posted that – looks like you had a tenure @ the blm as well.

  18. 18
    Posted by guest | January 23, 2009 at 1:09 PM

    kugel! teams listed

  19. 19
    Posted by guest | January 23, 2009 at 1:13 PM

    @15
    Grateful Ed = LOSER!!

  20. 20
    Posted by guest | January 23, 2009 at 1:16 PM

    Hit the bid Grateful Ed – oh sorry – bid has vanished – backed away on supermontage

  21. 21
    Posted by guest | January 23, 2009 at 1:16 PM

    HAHA!!

  22. 22
    Posted by guest | January 23, 2009 at 1:21 PM

    steady eddie – blm fall guy

  23. 23
    Posted by guest | January 23, 2009 at 1:25 PM

    @20 ED what a tool that guy has no bid only bid he can hit is “do you want fries with that”

  24. 24
    Posted by guest | January 23, 2009 at 1:35 PM

    grateful ed 212 230 2730

  25. 25
    Posted by guest | January 23, 2009 at 1:36 PM

    @23 ED has been working at MADF for a long time so I am sure he has safed some $ and can retire—-OH SNAP HE LOST ALL OF HIS MONEY IN PAPA BERNIES FUND… A LA IS BROKE—–HAHA! BIG ED CAUGHLIN

  26. 26
    Posted by guest | January 23, 2009 at 1:38 PM

    & he’ll be the 1st one the blm sells out!!

  27. 27
    Posted by guest | January 23, 2009 at 2:15 PM

    yes; blm took garetful’s $ and is going to make sure he goes upstate to save mdm and ahm…

  28. 28
    Posted by guest | January 23, 2009 at 2:15 PM

    yes; blm took grateful’s $ and is going to make sure he goes upstate to save mdm and ahm…

  29. 29
    Posted by guest | January 23, 2009 at 2:45 PM

    OK, R these people real? and if so how come our friend Maggy Pie isnt mentioned?

  30. 30
    Posted by guest | January 23, 2009 at 2:48 PM

    Geez – maggie really got herself into a mess… She should have let the ole’ grateful and kuges be heads of the desk

  31. 31
    Posted by guest | January 23, 2009 at 6:45 PM

    What’s the read on Andrew and Mark Madoff ?????
    CHIMPS

  32. 32
    Posted by guest | January 23, 2009 at 7:08 PM

    John Thain was interviewing at Madoff yesterday

  33. 33
    Posted by guest | January 24, 2009 at 2:50 AM

    Seriously — anyone on the “17th floor” (with Bernie himself back in the day) is still there? never mind layoffs…I thought they would have planned their own fake deaths long ago.

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