6 December 2012. Do you know the significance of this date? It was the day “an MBA holder, active MENSA member, alumnus from both the ‘best public high school in the USA’ according to the Wall Street Journal and the best private high school (Philips Academy Andover) in America” was treated “in a manner [considered] highly offensive and unusual in ANY* Western nation,” by a HR representative of a firm from which he was seeking employment. And although said “MBA holder, active MENSA member, alumnus from both the ‘best public high school in the USA’ according to the Wall Street Journal and the best private high school (Philips Academy Andover) in America” was already informed that he was unqualified for the job he’d applied for, a 1,057 word email detailing his experience and informing the company that he was calling shotgun on rejecting them, plus a threat, nay, a promise to go public with his grievances, seemed in order. Read more »
As you may have heard, various banks will be laying off a handful of employees in the coming weeks and months. Barclays, UBS, and Credit Suisse have already gotten started, and Goldman let go of some staff yesterday with plans to cut more in the future. While the news is surely distressing to those it directly affects, there are probably some people, who remained gainfully employed, that believe it’s no big deal. What does Rochdale analyst Dick Bové think? Spoiler alert: he’s not gonna mince words.
From: Richard Bove
Date: Thu, 30 Jun 2011
Subject: Dick Bove’s Notes: Job Loss
The jobs being lost in New York’s financial industry will never come back.
Richard X. Bove
Sorry if you thought he was going to sugarcoat, which, if you know anything about Dick, you know he would never, under any circumstances, do. People come to him for no nonsense no frills exchanges of information and that’s what they get. Read more »