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Pack Your Bags

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Congratulations to those of you who've managed to stay employed over these last several months. You deserve a prize and that prize all-expense paid trip to India! Or China! Or the Middle East! Wherever, so long as you get your ass out of New York (London, etc). Or maybe that's WHY you've managed to hold on to that paycheck from Morgan Stanley, JPMorgan, Credit Suisse and so on and so forth? Because you haven't put up much of a fight when told to pack your bags? I don't know, it's so hard to tell, what with the hostages being given explicit instructions to answer all queries about being involuntarily shipped off with responses like:

It's not that there isn't enough to do [in New York]'s more of a reflection of our clients and the growing businesses in China, India, and Middle East.


People understand that this is important. It's clearly that growing our franchises in key emerging markets is an important strategic priority. It's not like you're being shipped off.


I love it here! Getting sent to Mumbai was the best thing that ever happened to me! I would advise all would-be employees to apply directly to this office and save themselves the trouble of starting off in New York and having to wait a few months before being offered the privilege to relocate. I think of this as a promotion.

On the off chance that the aforementioned doesn't sound like something you'd be interested in, that's cool, too. It was a pity gig anyway, and your job's being outsourced as we speak. Even the "data-intensive jobs from higher up the food chain...done by $250,000-a-year Wharton M.B.A's." And after that, "more sophisticated jobs like the creation of derivative products, quantitative trading models and even sales jobs from the trading floors."
Leaving Wall Street For A Job Overseas [NYT]


Now You Listen Here: Tim Geithner's Bags Are Packed

Earlier today, it was reported that Timothy P. Geithner has informed people that he "plans to leave the administration by the end of January, even if President Barack Obama and congressional Republicans haven’t reached an agreement to raise the debt ceiling." Will this actually happen? Those unfamiliar with the Treasury Secretary's attempts to leave his post in the past will say yes. He's leaving, ship-shape. Those who've watched TPG try and fail to bust out of Washington for the last nineteen months, however, know better. More than likely, he's not going anywhere and it's not because deep down inside he doesn't actually want to go home but because his bosses won't let him. Witness, if you will, a small sampling of examples in which his requests have been denied, either directly (via someone laughing in his face) or indirectly (by giving those who've applied to replace him the wrong directions to their interview):