Someone is not happy at the House of Pandito.
To: DealBreaker
From: [redacted]
Subject: Citi Overpaying for Research Analysts w/ TARP Money
Count Vikula, drunk on TARP funds, just kicked off week three of a research department hiring binge that has unemployed sell-side analysts partying like its 1999. One stunning example of their recent largesse: signing a mid-cap software analyst (formerly of a Piper-Jaffrayesqe boutique) to a groin-grabbing multi-year, multi-million dollar guaranteed package.Is expanding their coverage universe to industry juggernauts like CVLT really the best use of taxpayer money? At least Andrew Hall (castle aside) was accretive to Citi’s EBIT.
Update: According to a spokesman for Citi:
1) We do not give multi-year guarantees.
2) We don’t cover CVLT.
3) In the US, we have hired only one analyst since September–hardly a binge. (We did hire one Latin America equity analyst who is based outside US and hired a head of Latin America research based in NYC. But he is a manager, not an analyst.)
Word.
- sell side research guy at piper jaffrayesque firm
Piper-Jaffrayesqe is the new killing it.
why do you have to tear others down? Clearly it is not helping you advance-
redacted = ken feinberg?
@3 who are you addressing? vikram? redacted?
Sell-side analysts are useless and liars.
Buy-side analyst
@6 , Then why must you call me all the time and pester me with stupid questions?
-@1
@6 why don’t you come down here and say that to my face, fuckbitch?
-mike mayo
@6-
Nice job on your ’09 performance.
-Sell-side research
3, show yourself out. we won’t miss you.
@6, 7, 8, 9-
SSA vs. BSA: discuss.
I feel like I’ve been facefucked.
I think.
[redacted] (if that is your real name) forgets that banking needs after market support when pitching to “industry juggernauts” such as CVLT and DRIV
@12 Oh I know just how you feel.
If your lipstick is smeared all over your chin, that’s a good clue but it’s not definite proof. Check the top you were wearing for stiff spots.
How Piper Jaffray of Vik…
Commvault and industry juggernaut, thats rich!
The stimulus is working perfectly, just as designed. He is creating hundreds of jobs. I told everyone this plan would work.
- Joey B.
Why do Jews insist on celebrating so many holidays?
@18, FAIL, Jews *observe* holidays.
hi,
citi needed a software analyst as they lost their prior guy, who moved over to ubs. ubs had lost their software team because they went to ISI.
the new guy at citi who’s referenced in the letter above is actually a really good guy and is very down to earth.
i’m sorry you 1st and 2nd year ib analysts who make up the preponderance of the db peanut gallery will not be making this kind of money, but you dont deserve it. keep telling yourselves those 120hr workweeks are worth it…maybe one day you’ll get that brass ring.
best,
buy side guy
@20 you sound very bitter. the guy referenced above didn’t really get that much shit so much as Citi did, because Citi sucks and typically gets shit.
@20 his name is not even mentioned. how do you know who is being referenced? are you the PJ-esque guy?
@20 you have no idea who reads here but pls make yourself feel better by spewing who you *think* makes up the db peanut gallery…
@22 it is a small world, so it is not that hard to figure out who the guy is.
@20, Clearly no one, [redacted] included, is shitting on the analyst. Everyone in this biz is out to get theirs.
21/22/23,
20 here. i cover tech on the buyside and i know the above referenced software analyst who citi hired. he hasn’t launched coverage at citi yet, but at his prior shop he did cover cvlt i believe. i cant confirm, but i’m guessing he’ll cover larger cap software names when he launces at Citi as they dont have anyone covering those names currently, and they are more important than the small/mid cap names liek cvlt.
how at all did anything i said in my prior comment sound bitter? i’m happy for the analyst and hope he does a great job, he deserves it. its the commenters spewing bile about this guy because he “only” works in equity research or he came from a “piper jaffray-eque” shop who sound bitter.
now, ib kiddies…dont you have some jo&c’ing to be doing?
best,
buy side guy
Piper Jaffrayesque boutiques have better coverage than BBs anyway, especially within tech.
If this guy is who I think he’s prob worth the money- good for him!
-Another Buyside Guy
EBT not EBIT
@27 you do realize you’re comparing tasseography to chiromancy.
I’ve known this guy for years and understand something you fascist beer hippies – the man can stuff an acorn squash in his ass, and loves a good face f*ck.
Lets go Mets!
- B. Rubin
he had to get out of Cowen. That place is a joke.