Just 36 hours ago, a bunch of DE Shaw employees were under the impression they had jobs. Yesterday afternoon, they were informed such was not the case, when the hedge fund canned ten percent of its staff, including partners and portfolio managers. Right about now they’re probably very confused and very angry. At least half of those axed likely attempted to find out the home addresses of whoever gave them the boot and half of those probably went to far as to show up at said houses and thinking about knocking on the door to have words. At least one lawn jockey was probably pissed on. But people, please. Lay off David and Co’s asses. They’re having just as bad a week as you.
The firm, which uses computer models to trade markets, may also be feeling investors’ wrath after limiting investors’ access to their cash during the crisis, added the investor, who said they had been trying to withdraw money for some time. “My feeling is that they haven’t been rushing to return money to investors,” the investor said. “We haven’t seen an investor-friendly process.”
They shouldn’t have to take it from both ends.
I guess you need a 1600 SAT to lose 40% of your client’s money…
i believe someone made the comment earlier about bess not pulling her weight this morning…literally tearing up the dancefloor this afternoon. good work
Sounds like DE needs to hire an IR girl?
Fingercuffs!!!
DE Shaw only fires geniuses
DE Shaw has produced more wood than Ron Jeremy.
more like…finger-guns!
i’m sick of all these waspy brahman financial institution names…where’s R.M. Alejandro Capital or Tayshawn Ben-Jarvis-Green-Ellis Capital Partners? Diversify the wealth people…
-Barry
i’m sick of all these waspy brahman financial institution names…where’s R.M. Alejandro Capital or Tayshawn Ben-Jarvis-Green-Ellis Capital Partners? Diversify the wealth people…
-Barry
Tell me about it!
Bess, for Writeoffs-
http://www.nytimes.com/2010/09/30/business/global/30lehman.html?hp
In fact, another metal sign — this one commemorating the opening of the London headquarters in 2004 by then-Chancellor of the Exchequer, Gordon Brown — was expected to bring up to £1,500. But it sold for £28,750 ($US), to another anonymous bidder on the telephone.Also for sale was a sign with Lehman Brothers’ mission statement. It read, “We are one firm defined by our unwavering commitment to our clients, our shareholders and each other.”
The revenge of nerds on nerds.