Dartmouth

  • News

    Doth The World Bank Protest Too Much?

    Pity Jim Yong Kim. The cushy post of president of Dartmouth College—where he rarely, if ever, had to defend the continuing relevance of his employer—appears to have been poor training for leading the World Bank in the face of an existential crisis.

    / Apr 18, 2013 at 5:48 PM
  • News

    Bridgewater Accuser/Dartmouth Fraternity Brother-Cum-Whistleblower Andrew Lohse Has Written A Book

    It’s called “Party at the End of the World” and it’s coming at you sometime in 2013 via St. Martin’s Press. His agents describe the book as “a sex- drugs- and alcohol-fueled account of how Lohse nearly lost his life in the country’s cradle of frat debauchery and found something like redemption in…making it his […]

    / Jul 26, 2012 at 5:12 PM
  • News

    Dartmouth Grads Still Into Wall Street, Despite One Man’s Campaign Against “A Field That Sanitizes The Intellect And Offers Almost Nothing To Human Society”

    Back in August, a Dartmouth student named Andrew Lohse made a simple request of his peers: to stop being whores for Wall Street. “Should landing jobs prestigious 16-hour-a-day jobs at some faceless hedge fund, where they’ll learn about manipulating capital instead of imagining a freer and more just world be the goal of the valedictorians of Ivy League institutions,” Lohse asked and then answered, “No matter how hard I try, I cannot think of more pathetic ambitions.” Lohse charged the undergraduates to “do better” and by better he meant  resist being “pulled into what is essentially a vulgar and extortionate system of lending and predatory capitalism which is increasingly underwritten by what remains of the public’s coffers.” Was Lohse’s argument a persuasive one? Did the image of him “vomiting in my mouth” at the idea of his peers becoming financial services employees cause anyone to reconsider?

    Apparently, not so much.

    Wall Street’s allure may have dimmed for some of America’s sharpest young minds in recent years, but a quick look at the top of Dartmouth College’s class of 2012 shows that the appeal seems to remain strong. At its commencement on Sunday, Dartmouth recognized four valedictorians who graduated with perfect 4.0 grade-point averages. Three are headed to work on Wall Street at major investment banks, and one will go to the giant business consulting firm that advises them. “Certain people have the view where finance is perceived in a more negative light,” said David Rogg, one of the valedictorians, noting that there was an active chapter of the Occupy movement on Dartmouth’s campus. “But a lot of people still find it to be a very positive industry.”

    He has a job lined up at Goldman Sachs, as does another of the valedictorians, Jie Zhong; a third, Wills Begor, will go to Morgan Stanley. The other valedictorian, Glynnis Kearney, will work at McKinsey & Company. Mr. Begor said some of his peers’ interest in Wall Street had diminished, “but for me, it’s an extension of the academic challenges at Dartmouth, to learn about finance, which is something we don’t get exposed to at a liberal arts college.”

    Begor did add that his gig is “just for two years” and “has been accepted to Harvard Business School, starting in 2014,” so perhaps Andy got under his skin a little.

    Finance Jobs Still Appeal To Graduates At Darmouth [NYT]
    Related: Bridgewater Accuser/Dartmouth Fraternity Brother-Cum-Reformer Surprised Find Himself Not Covered By Whistleblowing Protection Laws

    / Jun 15, 2012 at 1:42 PM
  • News

    Tim Geithner’s Father-In-Law Sounds Like A Delightful Drunk*

    Make what you will of this somewhat bizarre story but our takeaway is that the Treasury Secretary’s FIL would make a great party guest and/or Benihana tablemate.

    Food critic Albert Sonnenfeld, whose daughter, Carole, is wed to the country’s top money man, stunned strangers at Bar Boulud Thursday night when he claimed President Obama’s nomination of Dartmouth College president Dr. Jim Yong Kim to head the World Bank was part of a plan to allow Geithner to take over the Ivy League school’s top post…“That’s why Obama nominated [Kim] for the World Bank — so that there’d be an opening,” Sonnenfeld claimed to a dinner companion at the eatery’s communal table. Seated with five other couples he didn’t know, Sonnenfeld indiscreetly claimed Geithner has since changed his mind. “They offered him the presidency of Dartmouth. But now he doesn’t want it,” said the gabby granddad. “He wants something else…Sonnenfeld also let slip that Carole Geithner “can’t wait to get out” of DC because “she has to hold her nose and entertain all these Republicans.” Sonnenfeld added, according to the witness, “Some of them she actually liked, like Jim Bunning from Kentucky. But now he’s gone. Can you imagine having to entertain John Boehner and his wife, with his fake tan?” Geithner spokesman Anthony Coley told us, “Interesting theory about Dartmouth, but to paraphrase Kissinger: ‘It has the disadvantage of being made up.'”

    [NYP]

    *It’s not actually clear if he was drinking. If this is how he is sans sauce, all the better.

    / Apr 24, 2012 at 7:12 PM
  • News

    Bridgewater Accuser/Dartmouth Fraternity Brother-Cum-Reformer Surprised Find Himself Not Covered By Whistleblowing Protection Laws

    That November, living at home and angry over what he saw as the unfairness of his predicament [of being suspended for cocaine possession and witness tampering], Lohse quietly visited the campus to report SAE for hazing. He had been encouraged to make the move by several friends and by his brother, Jon, who had quit […]

    / Mar 28, 2012 at 4:22 PM
  • News

    Let’s Exchange Heated Words Over: Business School Rankings

    US News has regaled us with its annual ranking of the top business schools. I know you need a safe space to get huffy about perceived slights (be it your MBA program being lower than you believe is accurate or by having to suffer the indignity of an inferior institution being too close on the […]

    / Mar 13, 2012 at 12:58 PM
  • News

    College Students Hesitant To Reveal Scarlet ‘B’

    Time was, landing an offer from an investment bank in the fall of one’s senior was something to be proud of. Secured employment at Goldman/JPMorgan/Lehman Brothers et al for the following year was something you didn’t try to hide and you’d happily join Facebook groups started around the common cause of spending one’s signing bonus […]

    / Nov 29, 2011 at 1:52 PM
  • News

    Bridgewater Associates Wants The Truth, No Feelings Spared (It Can Handle It)

    As you may have heard, Bridgewater Associates is a hedge fund committed to probing the depths of any situation until it finds the truth. And, when one makes it his or her business to go after the truth, one must be persistent, and not take no for an answer. For example, at other funds, recruiters […]

    / Nov 10, 2011 at 12:29 PM
  • News

    Bridgewater Associates Lays Some Truth On One Dartmouth Student’s Ass

    Earlier this week, a Dartmouth College undergraduate wrote an opinion piece for the student newspaper in which he recounted “vomiting in my mouth” after hearing an anecdote about Bridgewater Associates supposedly paying a girl $100 to write an essay about why she chose not to participate in their summer recruitment session. That the hedge fund […]

    / Aug 5, 2011 at 11:37 AM
  • News

    Dartmouth Undergrad Has A Bone To Pick With Ray Dalio, ‘Faceless Hedge Funds,’ The Dartmouth Board, And Peers Who Flock To Wall Street To ‘Perpetuate Class-Based Systems Of Power And Dominance’

    At a party in New Hampshire last week, one Dartmouth undergrad relayed a story to another about Bridgewater Associates. Apparently the former had chosen to abstain from the annual recruiting session that takes place over the summer for rising juniors and as a firm committed to probing the depths of any situation until they find […]

    / Aug 3, 2011 at 8:42 AM
  • News

    Tim Geithner Gets A Shout-Out In Conan O’Brien’s Dartmouth Commencement Speech

    Alongside other “fictitious graduates” like Meredith Grey of Grey’s Anatomy, Mad Men‘s Pete Campbell, Michael Corleone and Count Chocula.

    / Jun 14, 2011 at 1:00 PM
  • News

    Business Professor Says He May Have To Take Drastic Measures To Protect Students From That Two-Faced Monster In Omaha

    Paul Argenti is a professor at Dartmouth’s Tuck School of Business, who has been teaching Buffett every year in his corporate responsibility class…Argenti says he is considering taking Buffett out of his syllabus and putting him in his new book: Fallen Icons. He told MarketPlace, “If you set yourself up as a paragon of virtue […]

    / Apr 29, 2011 at 10:27 AM
  • News

    Hank Paulson Is Soliciting Headline Suggestions For His Obituary

    Hank Paulson was recently interviewed for the latest issue of The DAM, Dartmouth’s alumni magazine, by fellow Dartmouth grad, Jake Tapper. The Kegs talk about a whole mess of topics, including but not limited to gal-pal Tim Geithner (the two have an “excellent” relationship), Paulson’s hippie daughter Amanda (her friends in college were people son […]

    / Mar 3, 2010 at 12:10 PM
  • News

    Layoffs Watch ’09: Dartmouth

    Add Dartmouth to the list of crashed endowments: Dartmouth College, the smallest school in the Ivy League, will fire 60 employees after its endowment value fell $700 million, or 18 percent, because of the global recession. An additional 70 employees have accepted buyouts and 28 others will have their hours reduced, the college in Hanover, […]

    / Feb 9, 2009 at 4:16 PM

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