Nov 11, 2009, 10:34am
Nov 10, 2009, 8:45am
Re: the cuts that went down earlier today at Barcap, a bit more color:
The Energy Group was affected, as well. One guy, headed in thinking he was having a talk about "transferring to London" was instead told, "Well, this is not the conversation you thought we were going to have."
Sep 15, 2009, 2:22pm
I sense some judgment from the Bloomberg reporter here re:...
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Sep 15, 2009, 2:00pm
Tudor BVI Global: August 2009: 0.5% YTD: 12.5% ...as for...
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Sep 09, 2009, 11:27am
Goldman Sachs partner managing director Richard Kimball Jr. apparently got...
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Sep 09, 2009, 10:15am
Ladies, if you've been looking to work under one of...
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Posted by guest , May 27, 2009 6:55PM
Cold blooded!
Posted by guest , May 27, 2009 6:55PM
burn!
Posted by guest , May 27, 2009 7:12PM
That's good people management in there. Expecting a new locale and instead you're shown the door. He must have been performing ok to think that he could simply be being moved.
Posted by guest , May 27, 2009 7:23PM
Performance often has little to do with it, or is in the eye of the beholder.
To set this up means the axe was out for him for some time.
Wonder if it's mostly from the Barclays or Lehman side this time. I am especially interested in Commodities.
Posted by guest , May 27, 2009 7:26PM
London Barclops !
Posted by guest , May 27, 2009 7:40PM
@4 - So true. Although my ex-boss might have had some valid points about my own shitty performance, have seen too many smart guys let go this past year while some of the well-known deadwood, guys who repeatedly made some really bad calls, stayed.
All I can figure is they must have the negatives from the sex trip in Thailand.
Posted by guest , May 27, 2009 7:44PM
Barcap is a shitty firm. Being shown the door there is a blessing in disguise. Before long, contracts will roll off the key senior people from Lehman and they will find homes at real firms. They had no choice but to sign the dotted line in September. Everyone there knows that Bob Diamond, his posturing and the firm are a joke.
Posted by guest , May 27, 2009 8:10PM
I can't believe you people still haven't got the message yet; despite what Rodgin Cohen says, Wall Street is not going to be the same and these jobs are never going to come back; well, not in your life time anyway.
Posted by guest , May 27, 2009 8:22PM
This is all speculation.
Posted by Seaman Bodine II , May 27, 2009 8:33PM
@8
do you really believe that?
people talk about the Iraq are like it's a massive tragic mire of endless, mindless nonsense...it doesn't even deserve mention in the same breath as Vietnam, with respect to death toll, uselessness, and political insanity
tax rates will NEVER get to Jimmy Carter levels, cause Obama has shot his wad so fast, there's NO WAY he'll get a second term
Wall Street has had WAY more troubles over the last 200 years, not to mention the last 20...Mike Milken went to jail -> 5000 wannabees (motivated by the Sushi lunches they read about in Den of Thieves) were hammering sales desks for IPO allocations before he even had his first but-ramming
slicing mortgages to vomit back out to dopey retail syndicates might not be a hit for a while, but the money machine always finds a way to both siphon off dollars, and make weasels rich
Posted by guest , May 27, 2009 9:15PM
Geithner Prepares to Meet With Chinese Leaders
http://www.nytimes.com/2009/05/28/business/global/28geithner.html?_r=1&hp
"Perhaps the chief issue facing global markets is the extent to which China will continue investing heavily in Treasury bills."
We have deteriorated into a debtor status so that we are now dependent upon the kindness of strangers. That is not where the world's leading power should find itself.
Paul Sarbanes
Posted by guest , May 27, 2009 10:46PM
Timmy G in China: "Please buy my shit! Please buy my shit!"
Chinese Official sits there staring at TG.
"Lookie here Elfboy, we not gonna do that unless you agree what we tell you:
1)Stop printing money.
2)Raise your interest rates.
"Okey dokey?"
"Yes we can!" says Timmy, who then takes his miniscule, shriveled pecker back home.
Posted by miami , May 27, 2009 10:55PM
Uh, when you owe enough money, it's the creditor that has major issues, not the debtor. The US can rollover its debt more or less forever. If the Tiannamen^2 crowd gets paper that's worth less, that's their problem.
Right now, deflation is a bigger worry.
Posted by guest , May 27, 2009 11:02PM
1. It's called Top Grading the shit out.
2. It's Bob Diamond Jr. to you #7
3. Again #7 - where are all the Banking jobs going to appear from.
4. Again #7 - how is your TARP bonus looking?
5. Again #7 - it's y our TARPY and you can cry if you want to.
6. #6 it's your ladyboy and you can cry if you want to.
Posted by wcburrs87 , May 28, 2009 7:46AM
more bad news coming today. heads up fellas.
Posted by guest , May 28, 2009 8:04AM
15 could you be a tad more vague?
Posted by wcburrs87 , May 28, 2009 8:07AM
News coming, fellas.
Posted by guest , May 28, 2009 9:09AM
@wcburrs87 touche
Posted by guest , May 28, 2009 9:25AM
@17 - Could you be more vague?
Posted by guest , May 28, 2009 11:42AM
@12 Do you understand bond pricing?
Posted by guest , May 28, 2009 11:59AM
I know someone got yelled at for asking this earlier but are there any more updates? number of people in lev fin affected? ranks affected? (AN, AS, VP, D, MD?)...thanks
BTW, I LOVE how the idiots come out of the woodwork to use the news as an excuse to blame Barclays and call it a second rate shop, and furthermore (and this is the real hilarious part) that all the "A+" Lehman bankers will leave just as soon as their contracts are up -- funniest part is that most of the contracts were up in January yet they are still there....got news for you: there is no place to go!
Posted by guest , May 28, 2009 12:46PM
Dreadful, dreadful place; lots of Lehmanites still there including the Lesbian cabal in Audit and the Catamites in Compliance. Charming!
Posted by guest , May 28, 2009 12:57PM
@21: I couldn't agree more. Since when was Lehman ever considered a top tier shop anyway? Last I heard it was a bond shop with some wannabe industry and M&A bankers mixed in...
Posted by guest , May 28, 2009 5:49PM
21 - if i didn't know any better, I would think you're a headhunter. Your myopic views and lack of information on the inside are embarassing. (btw, the key people signed multi-year contracts)
23 - you most likely work at one of the balance sheet banks where clients value you for the ability to make it through committees instead of quality advice.