To: DL - Opco AlertSubject: Meredith Whitney
Sent: Feb 18, 2009 2:21 PM
It is with great regret that we announce that our long time partner Meredith Whitney is resigning to found her own independent advisory business. Meredith joined Oppenheimer & Co. Inc. in 1993 as a research associate covering the Oil and Gas Industry. By 1995, she had switched industries, joining our Institutional Investor ranked Specialty Finance Group. During her tenure at the firm from 1995-1998, she helped write research reports on the fall of Glass-Steagall, the emerging boom of the credit card industry, the perils of sub-prime finance and gain on sale accounting, and the securitization market, to name but a few. In 1998, Meredith left the firm to pursue other opportunities which included a tour of duty as the Head of Financial Institutions Research at Wachovia.
Meredith returned to Oppenheimer in 2004 covering the banks and brokers and, in October 2007, made her siren call detailing the financial devastation at Citigroup which became the seminal report exposing the current financial crisis. Since then her cutting edge research and commentary have led many, like the writer Michael Lewis, to observe that Meredith "has become the closest thing Wall Street has to an oracle." The recognition has continued to grow and her expert opinions are frequently sought out for publication by, among others, The Financial Times, The Wall Street Journal, Fortune, Forbes, and The New York Times. In 2008, Meredith was named one of Fortune's Top 50 Most Powerful Women and Smart Money's Power 30, and she was also ranked in Institutional Investor's 2008 All American Research Team.Apart from being a consummate professional colleague, Meredith has been a great personal friend to many at the firm. We will miss her wisdom and wit. She has been a major contributor in building the Oppenheimer franchise and we thank her sincerely for her passion and dedication to the business. It is our hope to continue both a personal and professional partnership in her new capacity and extend a relationship that began over 15 years ago. Please join us in wishing Meredith the very best in her new venture.
Posted by Investorcluzo , Feb 18, 2009 2:32PM
hmmm, me thinks ms whitney was not pleased with her bonus sitch...bessy, can we get a bonus watch cibc?
Posted by guest , Feb 18, 2009 2:35PM
I am reminded of Tom Brown. Be careful, my porcine hermaphrodite.
Posted by guest , Feb 18, 2009 2:35PM
A wrestling shop? Now that's original.
Posted by guest , Feb 18, 2009 2:36PM
Sincere GOOD LUCK to Meredith Whitney in her new endeavour. The Best to YOU.
Posted by guest , Feb 18, 2009 2:36PM
OPCO's commissions are fucked now
Posted by guest , Feb 18, 2009 2:38PM
I think Whitney finally figured out that relentlessly attacking the financials was not good for her own comp.
Oppenheimer Holdings has a 1 yr return of -74%.
Or maybe Whitney's bosses figured out she's not so good for the equity price...
Posted by guest , Feb 18, 2009 2:39PM
Someone said these people are leaving now so they can cash in their stock without fanfare, but why now, then?
Posted by guest , Feb 18, 2009 2:47PM
Thom Brown and Dana Telsey and Meredith Whitney
Posted by guest , Feb 18, 2009 3:02PM
@2, what happen to Tom? His site is off for a while. Of course I wouldn't be surprised for anything. Just curious if any one knows the latest of Tom...
Posted by guest , Feb 18, 2009 3:03PM
I'd hit it!!!
Posted by guest , Feb 18, 2009 3:11PM
That memeo should have one last line which should read...
"And please Meredith don't attack Oppenheimer/Fahnestock in your research reports. You know the canadian accounting is not so good!"
Posted by guest , Feb 18, 2009 3:14PM
Is the "DL- OPCO" in that memo secret Fahnestock code for Keep It On The Down Low???
WTF...That place probably still hand types memos or sends them out on a telegraph!
Posted by guest , Feb 18, 2009 3:20PM
Can you believe Dana Telsey's makeover?? Comparable to Greta Van Sustren's.
Still wouldn't hit it, but her accent puts lead in my pencil.
Posted by guest , Feb 18, 2009 3:20PM
She is the most over rated blowhard out there. She simple ran out other's ideas and yelled louder than the pack.
Riding the financials down to their grave once the crisis hit critical mass was not exactly the idea of the century...
Posted by guest , Feb 18, 2009 3:24PM
@20, yup
Posted by guest , Feb 18, 2009 3:38PM
Nervous Breakdown.
She will be added to dustbin of Stox-pix chix
Posted by guest , Feb 18, 2009 3:40PM
Tipper Gore hired her a stunt double, when she dives at wedding buffets
3x2 contract
Posted by guest , Feb 18, 2009 3:43PM
@2 Is Meredith fat?
Posted by guest , Feb 18, 2009 3:45PM
@19 Dana looks like she's 10 years younger than she is and she talks like a valley girl. Must be what happens when you spend your life taking notes at the mall.
Posted by guest , Feb 18, 2009 3:57PM
best wishes for MW in her new ventures!
Posted by guest , Feb 18, 2009 3:59PM
Who has more junk in said trunk?
Maria or Meredith?
-BeckyBootFan
Posted by Seaman Bodine II , Feb 18, 2009 4:01PM
3 weeks ago i said she'd be fired as bud lowenthal is cheaper than a jew in vegas, and there's no point to keeping her on anymore, as bank stocks are essentially not traded
Posted by guest , Feb 18, 2009 4:45PM
still a cunt but I'd work for her shop given the right incentives... if she doesn't have enough capital to pay me sexual favors will go along way
Posted by guest , Feb 18, 2009 4:55PM
MW is not hot. Period.
http://j.bdbphotos.com/pictures/S/4L/S4H8E7C_large.jpg
Posted by guest , Feb 18, 2009 4:58PM
There appears to be a conspiracy where all MW pictures are minute or she takes up a small % of the frame. She's fugly.
Posted by guest , Feb 18, 2009 9:47PM
First Dick Bove, now her. My world is rocked.