Recruiter: SAC Employees Are Now Waiting 10 Seconds Instead Of 3 Before Hanging Up On Us

…hedge fund recruiters in the last week said they’re starting to see signs that the rock-solid allegiance of these top-shelf traders, who help keep the 56-year-old billionaire art-lover up to his Picasso in fine art, is softening. Traders who recently blew off recruiters looking to pitch them on leaving Cohen’s $14 billion Stamford, Conn., firm are now at least hearing them out…To be sure, Bob Olman, president of Alpha Search Advisory Partners, a hedge-fund executive search firm, said he has seen no noticeable uptick in résumés from SAC since Martoma’s arrest. Michael Castine, a recruiter at executive search firm Korn/Ferry International, also confirmed that he is not seeing a widespread move by SAC traders to bolt. SAC has been a target of the government’s insider trading crackdown for so long, he noted, that employees are nearly immune to it by now. “SAC seems to have been a target for quite some time and they’ve been through this before,” he said of Cohen’s roughly 1,000 employees. “I guess it’s safe to say nobody’s reached out to say, ‘Get me out of here.’” [NYP]

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10 Responses to “Recruiter: SAC Employees Are Now Waiting 10 Seconds Instead Of 3 Before Hanging Up On Us”

  1. Guest says:

    The fellatio is taking longer too.

  2. Guest says:

    What's so bad about a guy wanting to insider trade in peace and quiet at smaller shop that the government doesn't have a hard-on for?

  3. guest says:

    High frequency disconnecting yesterdays NKI

  4. FKApmco says:

    Bess: is 3 writers and posts every 15 mins the new normal? Not that I’m complaining; l just need to know if tomorrow I should adjust my Adderall/Red Bull intake.

  5. SellTheBorrow says:

    Olman noted his recent success poaching the former head of Bonobos advertising for an unnamed new client.

  6. DingALing says:

    "Hello, this is John from UB….Hello?"

  7. Not Real Sure says:

    Headhunters did a great job for Yahoo.

  8. Guest says:

    I've always had a theory that once someone's NPV peaks, the benefactors of their largesse (brokers, investors) are replaced by those that will benefit by their demise (regulators, journalists). Mmm. Where have we seen this before? Lance Armstrong. They will have their supporters to the end despite a lot of people knowing the scoop. Same with Tiger Woods.

  9. LOL – they're probably and silently moving to UBS Warburg down the street. I wouldn't worry about it.

  10. So what if he traded and pocketed a few dollars here and there? The government does it, the IRS does, every company out there does it. He must've not slicked the right palms of someone in the higher ups ;)