As most of civilized society knows, it’s considered pretty classless to mistreat waiters or waitresses, and a pretty fool-proof indication of your character. In fact, there’s only one acceptable way to act like an insufferable prick to a person waiting on you, and that’s beginning a meal by whipping out a stack of singles and telling the server, “Let’s establish something. You are, I assume, expecting a tip? This pile of one dollar bills represents your potential tip. Every time you please me, you’ll see the pile grow. However, if I am unsatisfied– if you are slow, mouthy, or sneeze into your hands– you’ll notice the pile shrinking. Alright? Good luck.” This was not how a young Bill Gross went about things, based on an anecdote he recounts in his latest letter to investors called “The Day When I Gave the Waitress a Negative Tip.” Continue reading »
cheapskates
As we type, Mike Mayo and Vikram Pandit are having their long-awaited meeting. Prior to the sit-down, Mike Mayo released his “briefing book,” detailing the shit he planned to nail Citi to the wall for. Given his anger over not being invited over to the bank for the last two years, and the ensuing acting out by telling people that Citi is “not to be trusted” and that not even Jamie Dimon could save that shit-hole, one would presume Mayo’s list of reasons for why the bank will soon be consigned to the scrap heap of corporate history would be unimaginably damning. Here’s what he came up with. Continue reading »
…by convincing his landlord in London to lower the rent on the apartment his shared with his girlfriend in Myddelton Square, Clerkenwell.
“He tried to get the rent down,” his landlord, Julian Jones, said. He renegotiated because there was a housing crisis. He said: ‘I think you should bring the rent down in line with the 20 per cent drop in house prices.’ She worked there at Goldman Sachs, but I think she left because she was going to start a new career, go back to college or something. That’s one of the reasons they wanted to get the rent dropped.”
Also, about the whole “fabulous” thing? Jones begs to differ. Continue reading »
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