When regular old bank analysts switch firms, people don’t tend to make a big deal about it. Gardening leave is taken, contracts are signed, key cards are distributed, new business cards are printed. Sometimes you’ll get an email address with updated contact information. That’s usually it. Dick Bové, as you all know, however, is no regular bank analyst. Which is following his departure from Rochdale Securities, potential employers didn’t interview him, he interviewed them, why his son/spokesman, Joe Bové sent out a press release announcing the final countdown to Bové Day, and why, when that blessed day arrived, it was celebrated with a three-course feast fit for a king and a little something called the Dick Bové Banking Manifesto.
On Wednesday, Bove presided over a three-course lunch in a midtown Manhattan steakhouse, the kind of place where waiters poured miniature glass bottles of Diet Coke into hefty crystal tumblers. Dapper in a vest and tie, the 71-year-old analyst left the food to his guests and spoke without many notes, standing at the head of a long table in the restaurant’s private dining room. He ambled through the contents of his 167-page manifesto [copies of which were passed out by his son Joe], effortlessly fielding questions and interruptions, and occasionally swerving into topics like the fertility rate in Milan, the poor hitting performance of Yankees slugger Alex Rodriguez and the diverging population trends of Christian versus Muslim countries.
Reunited and it feels so good.
Dick Bove Celebrates New Home, Debuts ‘Manifesto’ [American Banker via FT Alphaville]