The Upside of Being Downsized Yes, $100,000 is a lot of money for the investment banking crowd especially after Uncle Sam takes his cut. And now he can spend all the free time he has plus all that extra money he has been given on cool vacations.
Employees at UBS Feel So Bad They Need a Day-Off to Think About It anything to stave off depression LOL... dicks.
Would-be bankers set for bruising ride All those people bitching about the short straw they drew should take some comfort in knowing that their brethren across the Atlantic are in the same boat. Time to hook up?
ANGUISH OF 'STOCK' SPLITS This one is golden. Let me just say that anyone who gets divorced because he loses the million dollar job is only all the more richer for it.
Wall Street Blues What a champ huh? He loses his job and still feels that he came out on top. **Applause** for those who can believe that they win even when they lose.
They're running for their lives... On bloomberg terminal job posts they all have the same exact resume. 200,000 financial employees in NYC. So that means 50,000 candidates flooding the labor market in a 20 mile radius of Manhattan in the next 104 weeks with the same exact resume. M.I.T. ex-quant running around NYC handing out resumes in front of Schwab office. There is no hope for tier 2 degrees.
The whacking has not even begun in earnest and the pigs are already starting to squeal. In the last few months it has mostly been people between the age of 20-30 who have been shot, but with revenue down so much it will not be enough to take down costs. We are getting close to when the bonus pool is to be determined and if you have not made your number this year, you are most definitely out of the game. Ever since Bear Stearns collapsed, bankers have been running their minions thread bare as they pitch at every opportunity that exists. It is funny that the worse things become, the more horrible the mood is, the harder these guys will work just so that they can have the privilege of putting in more 80 hour weeks. Give it a little more time we are going to be treated to a real pulling of hair and gnashing of teeth. No more Wall Street, no more pretending to be smart when they are not, no more trophy wife and expensive bling for the kids, no more walking around like they have the biggest proudest dicks in the world. It is bunny hop time down a slippery slope and into the rabbit-hole, down and down they go.
a lot of these clowns deserve it. Im tired of paying out the ass for gas to bailout a bunch of greedy and clueless morons. Why would anyone want to hire any MIT quant types? So they can go blowup your HF or bank with there crappy risk management techniques
The Subprime Awards: The Saddest, Most Hilarious Tales From a Battered Wall Street A nice compilation, enjoy.