…is that a woman named Hayley Boesky, daughter of Ivan, will be heading TARP. Now, on the one hand, the most glaring reason this possibly smacks of BS is that Kashkari still has the job. On the other, Boesky Jr. did work (closely?) with Geithner at the NY Fed and she’s also an ex-Goldman MD, which might (or might not) still count for something. Perhaps she’s not heading but assisting? Or consulting? Or none of the above? Know anything about it (this or the whispers that Mike Mike Milken’s nephew will be taking a position as Bernanke’s administrative assistant)? Get in touch.
Update: Thanks to one of our more Google-savvy readers, we’re told the Haley in question is not the daughter of Ivan. Which is disappointing.
Update II: TALF, not TARP.
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
All you need now is Marty Siegel’s kid and you have the Trifecta. Don’t forget to turn down Dick Wigton’s kid for a job though.
wigton I believe was cleared of all charges. Many argue that Milken should be too.
is henry blodget’s son taking the beard’s job?
Boesky Jr & Milken Jr…Now TGFD knows for certain that the economic recovery will be a smashing success.
Seriously, WTF? Does this story really bear some truth?
Bess, say it isn’t so.
The Guy from Delaware
$100M buys alot…..esp after 20yrs of compounding
————————-
By 1986, Ivan Boesky had become an arbitrageur who had amassed a fortune of over US$200 million by betting on corporate takeovers; Boesky was prosecuted.
As a result of a plea bargain Boesky received a prison sentence of 3.5 years and was fined US$100 million.
@TGFD- I know it’s hard, but the Milken line was a joke, you dumb hick.
What the f&ck is wrong with you people?
“Before joining Goldman, I completed a PhD (’95) — along with an MPhil (’93) and an MA (’92) — in Astrophysics from Columbia, where my thesis topic was Temporal and Spectral Structures of Cataclysmic Variables. My undergraduate education includes a BAS (’88) with a dual major in Astrophysics and Mathematics and a minor in French from University of Pennsylvania”
The woman has a PhD in effing astrophysics…
You do realize that Hayley is not a child of Ivan, right? Her father is described as an Air Force scientist involved in satellite research, and I don’t think that was Ivan’s “second career.”
@7- what the fuck is wrong with you?
“I joined GS in spring of ’96 in the Market Research group as US Government Strategist. My primary responsibility is to provide clients with a framework for identifying, tracking and executing “relative value” trades in the US Treasury and related bond markets (including US Agency bonds, STRIPS, and futures). I also support the trading desk and sales force by developing analytical tools, producing marketing materials, providing training, and teaching continuing education programs.
Before joining Goldman, I completed a PhD (’95) — along with an MPhil (’93) and an MA (’92) — in Astrophysics from Columbia, where my thesis topic was Temporal and Spectral Structures of Cataclysmic Variables. My undergraduate education includes a BAS (’88) with a dual major in Astrophysics and Mathematics and a minor in French from University of Pennsylvania, and a Deuxieme Degree (’87) in French literature from the Universite De Grenoble.”
http://web.mit.edu/physics/wphys/PEOPLE/boesky_bio.html
@7- way to omit the part about being a government strategist for gs, bud.
I am going to say it- Goldman Sachs is overrrrrrated.
http://www.newyorkfed.org/aboutthefed/annual/annual07/officers.pdf
@7, @9: She was in school from 1984-1995. 11 year perma-student! Where did I go wrong?
@2: Duh – that is why I said if Boesky and Milken’s kids were HIRED, that Wigton’s kid should NOT be. DIck was a good man, and I hate Giuliani for ruining his career.
I only remember Billy Boesky from growing up. He had a sibling, but really don’t think her name was Hayley.
On the trading floor at Goldman, Sachs, Hayley Boesky looks up from her desk to answer a question from a bond trader sitting a few feet away. He is one of dozens surrounding her, all wearing wireless headsets and perching in front of computer monitors. What will be the effect on bond prices, he wants to know, of the latest statement from the Office of Management and Budget?
Ms. Boesky, 34, is the chief government bond strategist at Goldman, Sachs. She spends her days analyzing everything from government policy papers to news bulletins to computer models created to gauge bond values. All the while, she works on her weekly in-house newsletter and answers questions from traders and clients calling to get her analysis of the day’s events.
“Speed is all,” she said. “Markets don’t wait for you to come up with the right answers. It’s the thing I love most about this place.”
It is hard to imagine that just five years ago, Ms. Boesky was plodding down the solitary contemplative path of academic life, studying the evolution of cataclysmic variables, a type of binary star system.
“I have always been of the view that people should do everything in their power to understand how we got here,” Ms. Boesky said. Her father, an Air Force scientist who worked in satellite recognizance, exposed her to space and technology at an early age, she explained. He always had a telescope around the house and even arranged for her to see a rocket liftoff from Cape Canaveral when she was a young girl.
“Astrophysics had really always been my passion in life,” she said.
So what happened? The same thing, apparently, that happens to plenty of people who spend years in the musty libraries of institutions of higher learning, struggling to earn advanced degrees that hold out the promise of great prestige but little hope of a big salary. She had second thoughts.
In her case, the decision to switch professions was based not on money but on the isolation of the academic lifestyle, she said. After double-majoring in mathematics and astrophysics at the University of Pennsylvania, she went on to Columbia in 1990.
Her doctoral work focused on binary star systems in which a dense white dwarf draws gas off of a star similar to Earth’s Sun, producing rings that eventually collapse into the white dwarf.
“I loved my course work,” she said. “I loved all the professors and advisers, but I just started to feel like it was a very lonely track. I had to go to the gym just to have some structure and group experience.”
Ms. Boesky says she did collaborate for several years with a Japanese scientist, but she never met or even spoke to him. They just exchanged e-mail messages every few months. Then, in 1993, she attended a conference in Elat, Israel. Just about everyone in the world interested in cataclysmic variables was there — about 25 people.
“That was really the only group experience that I had in my six-plus years in academia,” she said. “I came home feeling very let down. I thought: `Wow, when is that ever going to happen again?’ I realized I’d been working alone in an attic at 120th and Broadway for six and a half years.”
She had some contacts in the financial world and after talking with friends and colleagues sent her résumé to Wall Street. By the time she got her degree in 1996, she had charted a new path for herself. “I turned in my dissertation on a Thursday and started working at Goldman, Sachs the next Monday morning,” she recalled. “I had a long weekend and that was it.”
Ms. Boesky’s chief adviser at Columbia, David Helfand, the chairman of the astrophysics lab, was not surprised to see her slip into the business world. “Hayley has a much wider range of skills than most astrophysicists,” he said. “On top of her quantitative and research skills, she has wonderful communication skills. That’s why she had just as many offers in the real world as she did in the ivory tower.”
Ms. Boesky’s situation is not uncommon among Ph.D. candidates. The academic job market is intensely competitive, and the financial rewards relatively meager. That, combined with fears of toiling in obscurity, prompt many to put aside personal passions in favor of more lucrative possibilities.
Kathy Finn Bloomgarden, for example, earned her Ph.D. in political science at Columbia in 1983, specializing in East Asia and mastering both Russian and Chinese in the process. Today, she is the president of Ruder Finn, a New York public relations firm. She had planned to go into government after school but instead applied her skills in business to stay in New York, she says.
Similarly, after Joan Varner received her doctorate in 18th-century German intellectual history in 1972, academic jobs were scarce. So, she says, she started a family and got her first job doing research in the business world a decade later. She now runs the Illinois Trade Association, a retail barter exchange.
At Goldman, Sachs, Ms. Boesky discovered she had a talent for translating quantitative analysis into layman’s language and in five years has moved from being an associate strategist to the chief government bond strategist.
“I find it so much more rewarding now that my work impacts the here and now,” Ms. Boesky said. “I like it when the traders come to me and say, `This is what is going on in the market. How should I position myself?’ In academia I wouldn’t get a lot of instant feedback.”
Still, Ms. Boesky says she has not abandoned her passion for astrophysics. “I often find myself at a client dinner using the salt and pepper shakers to explain cataclysmic events in binary star systems,” she said.
She says she has no regrets about leaving academia, but she stays in touch with Dr. Helfand and enjoys keeping up on developments in the field.
Recently, she took her 2 1/2-year-old son, Ryan, on a nursery school interview and found herself across the street from Columbia’s astrophysics lab.
She took him inside and within minutes, all three professors from her dissertation committee had gathered around them. As the adults talked, Ryan noticed a picture of Saturn on the wall.
“Is that Earth,” he asked.
No, that’s Saturn, Ms. Boesky told him.
“Which came first, the rings or the planet in the middle?” he asked.
Ms. Boesky looked up at her advisers. All three were staring into space with puzzled looks. As it turns out, nobody knows.
http://www.nytimes.com/2001/03/07/business/07PHD.html?ex=1235710800&en=54cf732d9572e184&ei=5070
We are clearly peeing on the wrong rug here…we’re looking for the other Boesky…the big Boesky
Clown@#6…
“I know it’s hard”, but try to think back and remember when you were shitting in your diapers at the same time Boesky and Milken were shitting on almost everyone else.
The Guy from Delaware
….and we are worried about $50mil corporate jets and lavish parties….we are letting a Boesky work for the TARP / Fed? Why not just give her the briefcase with the launch codes, Kentucky Fired Chicken’s recipe, or the secret formula for Coke….
we are so f#cked…..
TGFD@16- that made no sense but thanks for the imagery.
Boesky is not her maiden name before you all run out there with pitchforks and torches
@19-didya see the update on the story?
Hey Erin — show us your new cans!!
Married a nephew. Ex-CEO of AMC (now AMOA) and CHC (now CLHD). Look at his shareholders pain.
As if GS would ever hire one of Boesky’s progeny, what a stupid idea. I guess next they’ll be accused of hiring Marty Frankel and Eddie Antar’s family.
Is it true that The Guy From Delaware is married to his sister?
@#18 & @#24…
TGFD’s post at #16 implied that you’re probably not old enough to remember what was going on in the 80′s.
Let’s forget that Boesky chick for awhile, though, and since there hasn’t been much sex & crazy on DB lately, I want to add some now.
http://www.action36.com/maturefuck/a36/pic90.htm
The woman shown is similar in appearance to those TGFD has been enjoying since I was 20 years old. There have been many, and I wouldn’t want to forget any of them.
You young fucks should look at the photo for awhile, and imagine what she’d be like.
The Guy from Delaware
@25- I am fully aware of what was going on in the 80s, my point was that you didn’t get that the Milken line was a joke. Period.
@#26…
Unless Bess just simply made the Milken thing up, there may be some truth there. Bess hasn’t really said. How do you know for sure what’s true and what isn’t?
The Guy from Delaware
@TGFD- The Milken thing was a joke…
Bess@#28..
Thanks.
The Guy from Delaware
Don’t worry about any of the above. The bigger questions are
1. Is she hot?
&
B. Did any of you former GStards ever nail her?
Buzz from last week
dum dums… Ivan’s daughter is Marianne, runs a well known art gallery in NYC..
deaf/dumb/stupid@31- did ya see the update, posted, oh, 12 hours ago?
Just to set the record straight, she is only a “Boesky” through marriage. Her husband (a cousin to Ivan, but many years younger) is a very successful, hard working entrepreneur in the real estate investment business.
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