Once upon a time, an Aussie named Robert Bou-Simon worked at London brokerage BGC Partners. In 2005, he left the firm to explore his options elsewhere, and in 2012, rejoined as the head of the basis swaps desk. This time, though, things were different. None of his old buddies were there. There were new names to learn and new faces to remember. Even though he’d worked at BGC for the better half a decade in the early 2000s, people treated him like he was the new guy, and, as the new guy, expected him to take part in a sort of wet t-shirt “initiation” exercise taken very seriously by the staff, who bristled at the idea of someone electing to take a pass, which is where things started to go south for Bou-Simon. Read more »
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