Supposedly "the entire Merrill Lynch index desk" has left Bank of America to go work for Citadel (ship jumping characterized as "like going from the Titantic to the Lusitania" by our tipster. We would never put it like that). It is unclear whether or not they're carpooling with their friends from the investment bank, also making the trek to Chi-town. Also unclear is whether or not Ken Lewis and Co will be throwing a similar fit to the one JPMorgan did over employees abandoning them for Ken Griffin (or if KL will take the "this is an act of war" letter-writing approach, or if he'll just be too drunk to notice).
Unfounded Rumor Of The Day: Merrill Lynch Employees Mass Exodus For Citadel
Posted by Bess Levin, May 01, 2009, 11:10am
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Posted by guest , May 01, 2009 11:15AM
Dear Bess, where have you been this morn? Late night with Nouriel, last night?
Posted by guest , May 01, 2009 11:16AM
Are Mozilo and Thain going too? What about Stan O'Neal?
Posted by guest , May 01, 2009 11:17AM
@1 - that's sexist.
Posted by guest , May 01, 2009 11:19AM
@2- yes
Posted by guest , May 01, 2009 11:19AM
I thought everyone was leaving for Jefferies?
Posted by guest , May 01, 2009 11:20AM
@3 sorry. and i meant nothing lascivious either. just reference to roubini's partying with young nubiles, in an economic sense.
Posted by guest , May 01, 2009 11:24AM
I hate when people say "chi-town"
Posted by guest , May 01, 2009 11:27AM
Chicago* > New York > Beirut> Hell > Charlotte
*Chi-NY is close
Posted by guest , May 01, 2009 11:28AM
@8 - oooh. Burn.
Posted by guest , May 01, 2009 11:29AM
@7- is that you ken?
Posted by guest , May 01, 2009 11:31AM
So does this mean I can get a job at ML(BAC) now...I'd like to get paid to fail.
Posted by guest , May 01, 2009 11:37AM
Serious question. What kind of $ do you think a managing director at Citadel makes. OBVIOUSLY there is a range is wide as michelles hole, but i'd like some sort of idea
Posted by guest , May 01, 2009 11:45AM
@10 I am Ken's mistress
Posted by guest , May 01, 2009 11:46AM
@12- A LOT, though not as much as you would when the firm wasn't down 55 percent for the year.
Posted by guest , May 01, 2009 11:48AM
where do all the boone's farm jokes come from? Can somebody link me?
Posted by guest , May 01, 2009 11:52AM
War of the Ken's!
Posted by guest , May 01, 2009 11:54AM
@12 et. al., wht's with the vitriol for MO? You know she's hotter than any 1st lady in recent history. I know that ain't really sayin' shit, however.
Posted by guest , May 01, 2009 11:57AM
@17
she looks like aunt esther from sanford and son
Posted by guest , May 01, 2009 12:07PM
I'd do her several, several times.
-Jack "I'm no schoolboy but I know what I like" Cafferty
Posted by guest , May 01, 2009 12:09PM
@15- the mind of bess levin.
Posted by guest , May 01, 2009 12:10PM
go get'em ken. you're a tiger.
Posted by guest , May 01, 2009 12:24PM
this ain't the first time citadel raided ML (they once took the entire data warehouse team from research!) and there was a JPM-style call back then too.
Posted by guest , May 01, 2009 12:25PM
You sure these guys didn't get "RIF'ed "yesterday?
Posted by guest , May 01, 2009 1:39PM
The index desk...which asset class?
Posted by EvilBuzzard , May 01, 2009 3:28PM
What does Citadel have that MS doesn't? Uncapped compensation?
Posted by guest , May 01, 2009 4:50PM
an office that's not in times square, for one
Posted by blndebnker , May 01, 2009 5:32PM
Okay not to be a huge tool about it, but inform your tipster that the correct analogy would have been like the exodus from the Titanic to the Carpathia.
Posted by guest , May 01, 2009 7:40PM
Uh... I think that the original analogy is correct. per wikipedia: "The Lusitania... (was considered) to be the second most famous civilian passenger liner disaster after the sinking of the Titanic."
You might have to think about it for a minute.