"Why I quit Goldman Sachs"

[The Minsky Moment]

I dunno - going out in a blaze of "they don't care about your clients, they only care about themselves!" sounds like pretty good advertising to me.

You can step down a couple levels from GS-type clients and still be dealing with some exceedingly wealthy companies and invididuals.

He was on an equity derivatives desk.  So the clients presumably are big institutional investors like asset management funds, hedge funds, and SWFs.  Ask yourself want kind of broker a client like that looks for when they want to trade equity derivatives.  Presumably one that is well capitalized and has the capability to execute large transactions quickly and efficiently.  Even if you go to mid=cap or smaller hedge funds, the need for those qualities doesn't change.  It's not a boutique business, nor is it probably one where the client is looking for or expecting a fiduciary relationship.  It is a business dominated by other big players, and no big player is going to hire this guy.

[Gups]

I know squat about the culture in Goldman Sachs but I do think that the culture in professional firms has become more and mroe commercial in the last decade. For example, being a good lawyer is incidental to the job - its all about the PEP now.

[Ideologue]

The Delaware BJ rule is very forgiving.

Lol.

[The Brain]

Retarded douche whines publically about his employer.

[Jacob]

For example, being a good lawyer is incidental to the job - its all about the PEP now.

What's PEP?

[alfred russel]

For example, being a good lawyer is incidental to the job - its all about the PEP now.

What's PEP?

profit per partner.

[Razgovory]

I dunno - going out in a blaze of "they don't care about your clients, they only care about themselves!" sounds like pretty good advertising to me.

You can step down a couple levels from GS-type clients and still be dealing with some exceedingly wealthy companies and invididuals.

He was on an equity derivatives desk.  So the clients presumably are big institutional investors like asset management funds, hedge funds, and SWFs.  Ask yourself want kind of broker a client like that looks for when they want to trade equity derivatives.  Presumably one that is well capitalized and has the capability to execute large transactions quickly and efficiently.  Even if you go to mid=cap or smaller hedge funds, the need for those qualities doesn't change.  It's not a boutique business, nor is it probably one where the client is looking for or expecting a fiduciary relationship.  It is a business dominated by other big players, and no big player is going to hire this guy.

So nice, guy?  Will you miss seeing him around the office?  You guys compete in the Jewish Olympics together?

[fhdz]

So nice, guy?  Will you miss seeing him around the office?  You guys compete in the Jewish Olympics together?

Okay, Marti.

[Razgovory]

So nice, guy?  Will you miss seeing him around the office?  You guys compete in the Jewish Olympics together?

Okay, Marti.

I don't actually understand what JR does.  And he hasn't revealed where he works except that it's somewhere in Manhattan.  So I just assume he works at every major firm in New York that comes up for discussion.  He's a lawyer and he does something with economics.  I dunno, it's like magic to me.

[fhdz]

Plus, all those Jews are in cahoots anyway.

[Razgovory]

Plus, all those Jews are in cahoots anyway.

Yeah, I liked to kid him, Malthus and Siegy about that.  Personally I think they are doing a fairly good job.  I'm glad they brought back Futurama.  The new Game of the Thrones season look exciting and I wanna see the new Hobbit Movie, so whole "controlling the media" thing is working out for me.

[Malthus]

Plus, all those Jews are in cahoots anyway.

Yeah, I liked to kid him, Malthus and Siegy about that.  Personally I think they are doing a fairly good job.  I'm glad they brought back Futurama.  The new Game of the Thrones season look exciting and I wanna see the new Hobbit Movie, so whole "controlling the media" thing is working out for me.

Sorry, I'm in charge of reality shows and popular music these days. 

[Razgovory]

You must have pissed someone off at the last meeting in the Cemetery of Prague.

[Ideologue]

So nice, guy?  Will you miss seeing him around the office?  You guys compete in the Jewish Olympics together?

Okay, Marti.

I don't actually understand what JR does.  And he hasn't revealed where he works except that it's somewhere in Manhattan.  So I just assume he works at every major firm in New York that comes up for discussion.  He's a lawyer and he does something with economics.  I dunno, it's like magic to me.

"Who is Hyman Minsky?"

[KRonn]

WTF is with this guy? Wasn't satisfied with his multi-million dollar bonuses or something? Lol...