Goldman Sachs Will Recruit At Harvard When Goldman Sachs Feels Welcome

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Several weeks back, emboldened with a thesaurus and having decided they'd had enough, the Harvard Crimson staff ran an impassioned editorial urging Occupy Wall Street protestors on campus to leave Goldman Sachs, and those hoping to gain employment with the firm, alone. It'd been a "group of Occupy Harvard Protesters who attempted to disrupt a Goldman Sachs recruiting event" that set them off and no longer could they hold their tongues. The newspaper took occupiers to task for "presenting a facile and trivializing interpretation of the root causes of the economic catastrophe and debases our national conversation on the issue," for failing to comprehend that Goldman Sachs is going to hire employees regardless-- and, god damn, it, they ought to be Harvard students--, and for just generally embarrassing themselves by "pitching a simplistic conception of the financial crisis and targeting fellow students [which] is not the way to have a successful movement." Moving forward, the Crimsonians cautioned, "Occupy ought to refrain from such ill-conceived protests in the future." But the die had already been cast.

Goldman Sachs canceled visits to Harvard and Brown University last week following a November incident where Occupy Harvard protesters attempted to enter a recruitment session...A session on Brown’s campus in Providence, Rhode Island, was scuttled hours before it was to begin, the Brown Daily Herald reported Dec. 5...A Dec. 8 Goldman Sachs recruiting visit to the Cambridge, Massachusetts-based university was canceled “due to proximity to the Reading Period and commencement of exams,” according to an e-mail obtained by Bloomberg News.

Right. Well when reading period is over, GS will still have Sandra Korn to contend with.

Students of the eight elite colleges composing the Ivy League in the northeastern U.S., such as Sandra Korn of Harvard and Tom Moore of Cornell, are criticizing their universities for sending high numbers of graduates to Wall Street, rather than to jobs that emphasize community service. Careers in financial and consulting firms are frequently presented as the best or only option, said Korn, a sophomore majoring in history of science and gender studies who participated in the Nov. 28 protest. “It’s kind of frustrating for students who think this is not the most ethical profession,” Korn, 19, said in a telephone interview. “When some people are making money by taking risks with other people’s lives and livelihoods, that’s detrimental to society.”

Anyway, don't feel too bad, kids, Morgan Stanley is still open for business.

Morgan Stanley experienced some “peripheral” protest activity at an event at Yale in New Haven, Connecticut, last month, said Jeanmarie McFadden, a spokeswoman for the firm. “We have not changed our recruitment activities and we have not seen any impact on attendance,” she said.

Goldman, however, will need to be wooed. Start with another editorial and don't be stingy on the compliments vis-à-vis asses you could bounce a quarter off and we'll go from there.

Occupy Harvard Mars Recruiting by Goldman [Bloomberg]

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Guy Who Was Fired By Goldman Sachs For Amassing "Inappropriately Large" Position Welcomed With Open Arms At Morgan Stanley

Back in December 2007, things weren't going so well for Matthew Marshall Taylor. He'd just been fired from Goldman Sachs and not only was he out of a job, but his prospects for finding a new one didn't look so hot, on account of the fact that Goldman planned to put a note in his file detailing the reason he'd been let go-- "for building an 'inappropriately large' proprietary trading position"-- and it seemed unlikely anyone at the firm would be open to serving as a reference for him moving forward.  Three months later, however, one bank told MMT that there was room for him at their inn. Morgan Stanley, apparently having decided the incident at Goldman was but an asterisk in what would be a long and fruitful career, told Taylor to come on down, employing him for over four years until he left in July of his own accord and not because of any legal issues relating to his work at Goldman Sachs. Taylor was accused yesterday by the U.S. Commodity Futures Trading Commission of concealing an $8.3 billion position in 2007 that caused Goldman Sachs to lose $118 million. Goldman Sachs fired Taylor in December 2007 and cited “alleged conduct related to inappropriately large proprietary futures positions in a firm trading account,” in a so-called U-5 form, according to a Financial Industry Regulatory Authority document. Morgan Stanley, which had employed Taylor before he joined Goldman in 2005, re-hired him in March 2008, according to the records. Taylor, who handled client-related equity derivative trading at Morgan Stanley, left the firm in July, according to Mark Lake, a company spokesman in New York. His departure wasn’t related to the CFTC complaint filed against Taylor yesterday in federal court, according to a person familiar with the situation, who requested anonymity because the information is private. Taylor concealed the position by bypassing the firm’s internal system for routing trades to the Chicago Mercantile Exchange and manually entering fabricated futures trades in a different internal system, according to the complaint. Goldman Sachs, which wasn’t identified in the CFTC lawsuit, said Taylor allegedly made the trades while employed at the firm. Anyway, since MMT is a free agent at the moment, if any other banks would like to overlook the blip, please do get in touch directly. Citi, BofA? At least just think about it. He was good enough for Morgan Stanley, he should be good enough for you. Morgan Stanley Hired Goldman Trader Accused Of Hiding Position [Bloomberg] CFTC Charges Matthew Marshall Taylor with Fraud for Fabricating and Concealing Trades from His Employer and Obstructing Their Discovery [CFTC]