• 30 Nov 2012 at 4:08 PM

Those Were The Days

In 2006, one unnamed US finance firm was said to have held its London Christmas party at Madame Tussauds. Following the event, it was found that two of the waxworks had lost their heads and Jennifer Aniston was missing a finger. [eF]

As many a successful financier can attest, amassing immense wealth does not protect one from having to interact with inferior beings. Never more is this unfortunate reality on display than when one deals with the food services industry, and waitstaff who don’t know their ass from their elbow. Whether it’s a matter of meals not being brought out hastily, failing to provide a good enough answer to the question of which entree they’d choose, or refilling the water glasses with a look on their face, it just never ends with these people, does it? While some are content to say nothing when confronted by these subpar beings and their subpar service, others realize that to ignore the issue is to do a disservice both to themselves and those needing the err of their ways called out. Bill Gross, for instance, leaves negative tips for waitresses he deems not up to snuff. Mitt Romney would (probably) fire them. For his part, private equity veteran John Castle chooses to be a bit more direct. Read more »

As Wall Street bonuses bulged and housing prices were peaking in 2005, Daniel Mudd found himself dreading his top job at Fannie Mae. Going to work felt like “a choice between poking my eye out and cutting off a finger,” Fannie’s former chief executive officer recalls in Bethany McLean and Joe Nocera’s new tome, “All the Devils Are Here.” [Bloomberg]