Goldman Sachs alums

  • 14 Apr 2014 at 1:40 PM

Poor People Help Goldman Sachs Alum Sleep At Night

When Dan Weissman worked at Goldman Sachs Group Inc. and, later, at a hedge fund, he didn’t have to worry about methamphetamine addicts chasing his employees with metal pipes. Or SWAT teams barging into his workplace looking for arsonists. Both things have happened since he left Wall Street and bought five mobile home parks: four in Texas and one in Indiana. Yet he says he’s never been so relaxed in his life, Bloomberg Markets magazine will report in its May issue. Weissman, a University of Michigan economics graduate, attributes his newfound calm to the supply-demand equation in the trailer park industry. With more of the U.S. middle class sliding into poverty and many towns banning new trailer parks, enterprising owners are getting rich renting the concrete pads and surrounding dirt on which residents park their homes. “The greatest part of the business is that we go to sleep at night not ever worrying about demand for our product,” Weissman, 34, says. “It’s the best decision I’ve ever made.” [Bloomberg]

Technically he hasn’t yet completed his doctorate program and, yes, he’s only served as a TA for other people’s courses so far, but maybe just sleep on it, Chicago. He could really use the cash. Read more »

Early last year, Mr. Milian became one of the three barbers at Salvatore’s, a shop that caters to Goldman Sachs employees in the atrium of the Conrad Hotel, next to the bank’s global headquarters at 200 West Street in Battery Park City. By his account, all of his clients, junior employees at the bank, would ask for haircuts that didn’t look like haircuts so no one would realize they had left the office. They rarely requested shaves, and when they did, Mr. Milian said, it was always before the opening bell, a sure sign that they had stayed at the office through the night. And forget about after-shave…He said he started hearing buzz about a new barbershop that had opened in SoHo, where he thought he could be more creative. He left Salvatore’s in December and can now be found at Harry’s, a light-filled, two-chair shop born from an Internet shaving start-up founded by two friends…“I didn’t want to do 10-minute haircuts,” said Mr. Milian, who has a tattoo of straight-razor blades on his left forearm. “I wanted to make something.” He now wears vests instead of suspenders, a mustache instead of a stiff upper lip. He gives two or three straight-blade shaves a day, using a soft white towel with an “H” embroidered in the corner. Most important, he said, he feels like he is part of something rather than just a cog in a machine. At Harry’s, he can express himself. And now, he said, he can even grow a beard. [Dealbook]

As many of you know, employment at one of Wall Street’s investment banks– and, increasingly, law firms and hedge funds– comes not only with an enviable salary but the corporate world’s version of a free gift with purchase*: a canvas duffle bag. Typically, these bags are navy and green, with one’s respective firm’s name on the ribbon. They can often be seen riding the subway, walking down Park Avenue, and so on a so forth. For most people, the bag represents a place to put gym clothes. For a select few, the bag represents the feeling they’ve arrived. For former Goldman Sachs employee Jihan Bowes-Little, the bag represented an existential crisis. And the beginning of his trading by day/rapping by night life. Read more »

He did get off on one of the seven counts against him, so… Read more »

Presumably, out there in the universe exists at least a handful of people for whom words and phrases like “Which tranche of this collateralized debt obligation would be the fulcrum security in a liquidation scenario?” constitute foreplay, or, at the very least, interest them in the slightest/don’t cause them to nod off like they just got shot with a tranquilizer gun. You may not have found them yet, but if you’ve got the will, there’s surely a way to locate these CDO nymphos. Put out a personal ad, maybe start a website. Walk up and down Park Avenue wearing a sandwich board that reads “My lawyer’s going to help me make an end run around your CDO’s indentures.” Post fliers in Penn Station. Inquire at your neighborhood coffee shop. One place you can save time by skipping over is the jury room where Fabulous Fab’s fate is being decided. Read more »


Oppressive town codes weren’t going to stop this Goldman Sachs/Morgan Stanley alum! Read more »