Wall Street Oasis logo


  • Recent
    • All Recent Content
    • Top WSO Bloggers
    • WSO Chat Room
    • Hot Topics - Week
    • Hot Topics - Month
    • Hot Topics - Year
    • Hot Topics - All Time
    • Top Comments - All Time
  • FAQs
    • Best Interviews
    • Common Questions
    • Industry Specific
    • WSO 101
    • Education
    • Recruiting
    • Life in Finance
    • WSO Company Database
    • WSO Finance Dictionary
  • Forums
    • Post Forum Topic
    • Best Interviews
    • Best Comments
    • WSO Chat Room
    • Job Search Advice
    • Investment Banking
    • Private Equity
    • Venture Capital
    • Trading
    • Consulting
    • Hedge Funds
    • Corporate Finance
    • Real Estate Finance
    • Equity Research
    • Asset Management
    • WSO Success Stories
    • Other Careers
    • Business School
    • Resume Forum
    • Wall St. Fashion
    • New User Intros
    • Monkey Around
    • WSO Products
    • Site Suggestions
  • Groups
    • Browse Groups
    • Create Group
    • My Groups
    • Non Target Networking
    • Energy Trading
    • State your salary
    • Read the Footnotes
    • Proprietary Traders
    • WSO Investment Forum
    • CFA
    • The Restructuring Group
    • Economics
    • RE Finance/Investments
  • About
    • About WSO
    • Press
    • Contact Us
    • RSS Sitemap
    • Advertise on WSO
    • WSO Discounts
    • WSO Store
  • Login
  • Sign Up!
  • Hot Topics
  • My Profile
  • Company Research
  • Modeling
  • Resume Review
  • Events
  • Interview Guides
  • Job Board
  • Intern Positions

6 Free Financial Modeling Lessons...and More.

Enter your e-mail below to get our new Free Modeling Tutorials ($200+ Value).

Wall Street Oasis » Blogs » Ed Conway's blog

Dear Apple, I’m leaving you
 

Ed Conway's picture
Ed Conway
     
 
(Senior Chimp, 24
 
Points)
 on 11/7/12 at 11:00pm
dear apple.jpg

Mod Note (Andy): this is a syndication from edmundconway.com

There follows a letter to Tim Cook, chief executive of Apple:

Dear Tim,

There’s no easy way to put this so I’ll just come right out with it. I’m leaving you. It’s been great (mostly) but it’s over.

I figured the least I could do is to explain my decision in full – I like to think it might help protect you from nasty break-ups like this in the future.

I’ve been with you, with Apple I mean, for 13 years now – ever since 1999. Perhaps you’ve forgotten: I was a spotty teenager; I bought one of your cute little translucent iBooks. Slowly but surely I painted most parts of my technological life a bright shade of Apple. Let’s see: I’ve owned two iMacs, a number of iBooks, countless Macbooks (I’ve currently got two on the go, for some unknown reason), an iPhone for almost five years, an iPad since the very beginning; iPods, iPod touches, iPod nanos – I’ve had ‘em all. I even invested in an Apple TV and, wait for it, a G4 Power Mac Cube (yes, that was me!).

I’ll admit I became dependent on you – clingy, even. When I went to the States a couple of years back I shelled out hundreds of dollars to ensure I wouldn’t be without an iPhone – even though I was back at college and wasn’t exactly rolling in it. And like so many of those who fall in love with you, soon enough I found myself working part-time as your best PR spokesman: I spent hours persuading all my friends to buy your stuff. I even wrote a blog about what made Apple such a dynamic, innovative and successful company.

Like millions of others, I really believed the hype.

I never thought I would utter these words, but here goes: I’m leaving you. I have already traded in my iPhone for a Samsung.

Now, this is the point where I know I’m expected to say: “it’s not you, it’s me,” but I can’t, because the truth is: “it’s not me, it’s you”. Now, I know you don’t like lists (at least I presume that’s why you avoided including a task application in Mac OS and iOS for so many years) but it’s only right that I run through the issues:

1. iOS 6

Yes, I know I’m hardly the first to mention this – but that doesn’t make it any less valid as a complaint. It is truly, truly awful. I’m usually ready to forgive one or two niggles in a new iteration of operating system. After all, they’re usually outweighed by the improvements. In this case, I honestly can’t think of a single new feature that in any way enhances the phone. Every change you’ve made is negative.

The maps application is utterly horrendous; you must have known this is among the most commonly-used of all functional parts of a smartphone and that to change it quite so substantially would be seriously disruptive. Yes, I know you’ve magnanimously urged users to use alternatives, but the problem is that even if I try to use Google maps on your safari browser (it hardly ever works on Safari but let’s leave that for the time being), I can’t avoid the fact that crappy iOS maps are integrated into every other geographically-reliant app I have.*

I know you’re a pragmatic fellow: I suspect you might even give future users the option to change this. But the fact is that’s not the only disconcertingly disastrous issue with iOS. Take iTunes Match. In the previous iOS I could download any individual song in my iTunes Match library, so I could listen to it overseas without data or when in the Tube. Now your dreadful new operating system will only let me download whole albums and then won’t let me delete them afterwards, so my iPhone gets clogged up with stuff before arbitrarily deleting precious chunks of data when it reaches capacity.

It’s as if you think I should never have had the right to have chosen what songs to have, and to delete, on my own iPhone in the first place. Which I find a little controlling, to tell you the truth. As do I find the fact that you now seem to have decided to allow the iOS to decide unilaterally to use the telephone network rather than wifi when it so chooses. Given how badly you screwed up with the whole secret GPS-tracking of iPhone users, I’d have thought you realised we don’t like it when you behave creepily like this. It’s seriously not cool, but then more on that later.

All the new, exciting apps you’ve brought in are, I’m afraid to say, rubbish. Podcasts: dismal and buggy. Facebook integration: should have been there years ago. Passbook: erm – seriously? Siri’s improvements are lost on me because, like most users, the only time I’ve engaged with Siri is to see how many swear words he/she/it understands (answer: a surprising number).

Finally, for some reason iOS also seems to have broken the tilt-scrolling in Instapaper, which I resent because, well, I just use that app a lot.

2. You’ve lost it

Yes, I realise that’s going to sound harsh. But there’s no point in sugaring the pill.

I’ll be specific: for most of our relationship, there were two things I could rely on from Apple. The first was that your products would work far better than PCs. Windows PCs would get viruses, they would be difficult to fix, they would break down and leave you tearing your hair out. The second thing is that although you weren’t necessarily the most innovative company out there, you would just do it right. You weren’t the first company to make a smartphone (Nokia Communicator, anyone?) but you were the first to do it well. The same goes for mp3 players, for tablet computers, for family photo software, for media management (for the first half of iTunes’s life). You were never about innovation, but you were damn good at execution and flair.

Not any more. This is going to sound awful, but I can’t think of any big product you’ve re-imagined well since the iPad, and that was almost three years ago. iCloud? Not as good as dropbox, and actually more confusing. FaceTime? Slick, but still pales in comparison with Skype. iMessages? Mostly annoying, particularly when it sends messages twice. Siri? See the previous point. Safari? Not as good as Chrome or Firefox. Safari’s Reader function? Not as good as Instapaper. I could go on, but I think you get the idea.

Plus, my Mac simply doesn’t work that well any more. The contacts on my iPhone don’t seem to sync very well with my laptop. Aperture is extraordinarily slow and buggy, Pages and Numbers are a bit of a nonsense. It just feels like you don’t make the best software anymore. And it doesn’t fit together as seamlessly as in the past.

3. You’re not cool anymore

Again, this is probably a body blow, but it’s also true. It’s not merely that I now have to put up with your products being used by my mother. The fact is that Apple used to be edgy; it used to be associated with the counterculture; it used to be rebellious. I liked that. I liked the fact that you were uncompromising. When you introduced the iMac you ditched the serial ports and insisted everyone had to make do with USB ports, despite the fact there was approximately one printer in the world which worked with USB. You were the first to ditch disc drives and DVD drives. I’m not alone but I liked the way you refused to put Flash on your devices. Plus I liked the fact that unlike Google and pretty much every other big company you and your fellow execs would never go to navel-gazing networking conferences like the World Economic Forum in Davos. There was something cool about that attitude.

These days, you’re all too ready to compromise. Do you want to know the beginning of the end of our relationship? It was when you decided to include an SD slot in your MacBooks. Why? I can’t imagine the Apple of old ever doing this; there is no inherent reason why you need one in your laptop, save to compromise. And in compromising, you’ve become too complex. I remember the first iMac: it was the first computer you didn’t really need an instruction manual for. When iOS came out I found myself having to download the manual and wade through its 156 pages (156, FFS Tim!) to find out what you’d done with the settings I used to use. That’s the first time I’ve ever had to use an Apple instruction manual.

Apple used to be about purity, which in turn made its products simpler and more reliable; somewhere along the way, this got lost. Or rather, Apple under Steve Jobs used to be about purity: when he wasn’t at the helm in the 90s, it also made the kind of compromises I’m talking about here.

And then there’s your advertising. You were the company which came up with the best advert in history.

These days your ads are not merely awful and patronising – they are palpably worse than the competition.

Finally, there’s that legal letter you sent to Samsung when you failed, churlishly, to get their tablets banned. I challenge anyone to read that and not conclude you’re bitter, chippy and, frankly, a little unpleasant.

In short, you are so not cool.

4. You’re screwing us

You might be surprised to learn that the final straw for me wasn’t the maps debacle. It wasn’t iOS 6. It wasn’t even the fact that you’re not cool anymore. I’m not cool anymore so I probably shouldn’t really expect better from you.

No: the final straw was when you decided to replace the dock on the bottom of all your iPhones and iPads with the new “lightening dock”. I’ve heard your explanations: that it’ll allow your devices to be thinner, that it’s a faster connector and all that. I don’t buy it. The main reason you did this is the main reason you seem to be bringing your products out in ever shorter product cycles: planned obsolescence. You’re aware that the more frequently something is out-of-date, the more often we’ll have to buy more Apple stuff. Now, I was willing to put up with that when it felt as if there was genuinely progress between iterations, when there was a shed of aspiration about it, but by the time you unveiled the lightening connector I wasn’t so sure. All it means is that I have to throw out all the devices I’ve bought over the past years which plug into my iPhone: adaptors, radios, speakers and so on. It’s a really low-down thing to do – particularly since the lightening connector is patently not that much faster than the existing dock.

Anyway, I guess you could say it was a Eureka moment. Finally, I realised that you’ve been working your way here for years: the fact that you give up supporting old Macs far quicker than before; that you won’t let us download and delete our own music from your cloud. You realise there isn’t much money long-term in being a pure manufacturer. You want to turn yourself into a quasi-service, where we constantly need to buy or subscribe to one of your products. I see the point – it’s economic genius. The problem is that it’s not inspiring in the slightest; and the products are no longer wowing us enough to detract from the venality of it. And I’m just tired and, worse, bored of it.

5. I don’t need you any more

That’s right. I’ve realised – and it’s been a revelation – that I could get on perfectly fine without you. A couple of years ago when I moved to the States I couldn’t envisage a day without my iPhone. But today it strikes me I might be just as happy with one of your rivals. How do I know? Well… the truth is, I haven’t been entirely honest with you. I did spend a few months with someone else last year. Don’t be mad: I was between iPhones and I filled the lonely miserable gap with an HTC Android phone. And while I tried to ignore it at the time, the fact is, it was actually pretty good. Yes, there were niggles and a few annoyances, but we got along surprisingly well. And I’ll get on pretty well with it again, because the fact is, Tim: I’m leaving you for an Android. I can get everything I need from a phone from them as well. My email, my messages, maps that work, my contacts (they’re stored with Google anyway and that integrates far better into an Android phone); Evernote, Instapaper, Whatsapp, my tube timetables and bus times. I’ll probably ditch iTunes Match in favour of Amazon Cloud Player or Google Drive, and, frankly, good riddance after the way you’ve treated us mobile users of the service. I’ll miss some of the apps, I’m sure – Reeder to name just one. I’ll miss the hundreds of text messages sitting on my iPhone. I’ll miss… Actually, I can’t think of anything else right now.

I’ll hang onto my iPad for the time being. I’ll certainly keep the Macbook Air – I’m not quite ready to return to Windows yet. But right now, for the first time since I started buying computers, I’m no longer absolutely certain that the next piece of technology I’ll buy will automatically have your logo on the back.

Don’t take it personally. Well, do, if it helps inspire you to make better and bolder products. This need not be forever. You can still win me back: but you’ll need to do something special again, like you did in the good old days. Reinvent the TV, like you reinvented the phone. Revolutionise finance. Overhaul the home entirely. Think Different – as your predecessor Steve Jobs used to say. Perhaps the problem is you’re not the same person any more. You’re not Steve. Perhaps.

Either way, I’m tired of settling for mediocrity from you these days.

Goodbye.

Yours affectionately,

Ed

* Though I admit some – some – of the 3D maps of cities are seriously cool. But prettiness is not enough to compensate me for the times you’ve got me lost.

http://www.edmundconway.com/2012/10/dear-apple-im-leaving-you/

www.edmundconway.com
  •  
  •  
  •  
Tags:
  • apple

Comments

Bobb's picture

I've seen people upset with

Bobb
      AM
 
 
(Senior Gorilla, 943
 
Points)
 on 11/7/12 at 2:20pm

I've seen people upset with Apple recently but none say they are ready to leave. I am actually impressed you gave other options a try as many Apple fans are stuck in the Apple ecosystem and refuse to use any thing else.

I haven't had an Apple product since I bought an iPod in 2004 (still works and I think is their best product) but acknowledge that they do make good products. To me the iPhone is simple and boring. I don't like that Apple forces you to use the rest their products (charges, itunes etc) and you have no customization. You said it, iPhone is now seen with older generations and its perfect for them

  • 0
  •  
  •  
BTbanker's picture

Meh. I've used Android for 3

BTbanker
      IB
 
(Senior Neanderthal, 5,336
 
Points)
 on 11/7/12 at 2:27pm

Meh. I've used Android for 3 years now, and after I switched to an iPhone 5. The difference is night and day. You will soon see your phone grow exponentially slower and you won't be able to update the software. What's more with the iPhone is that there is no price premium that other Apple products have, while there are some Androids cost 30% more. The quality of the iPhone 5 surpasses what the price point would suggest relative to Motorola, Samsung, etc. devices.

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

  • 0
  •  
  •  
ladubs111's picture

BTbanker: Meh. I've used

ladubs111
      IA
 
(Senior Orangutan, 432
 
Points)
 on 11/7/12 at 2:30pm
BTbanker:

Meh. I've used Android for 3 years now, and after I switched to an iPhone 5. The difference is night and day. You will soon see your phone grow exponentially slower and you won't be able to update the software. What's more with the iPhone is that there is no price premium that other Apple products have, while there are some Androids cost 30% more. The quality of the iPhone 5 surpasses what the price point would suggest relative to Motorola, Samsung, etc. devices.

i agree with ya, my Samsung phone is a lot slower and freezes more now. And about the price points, well not all countries subsidizes their phones to the $199 price point so price might be a factor for some.

  • 0
  •  
  •  
Bobb's picture

BTbanker: Meh. I've used

Bobb
      AM
 
 
(Senior Gorilla, 943
 
Points)
 on 11/7/12 at 3:00pm
BTbanker:

Meh. I've used Android for 3 years now, and after I switched to an iPhone 5. The difference is night and day. You will soon see your phone grow exponentially slower and you won't be able to update the software. What's more with the iPhone is that there is no price premium that other Apple products have, while there are some Androids cost 30% more. The quality of the iPhone 5 surpasses what the price point would suggest relative to Motorola, Samsung, etc. devices.

Thats a problem (or benefit I suppose) of Android. Way to many products (fragmentation) and I can tell you that after a year my Galaxy Nexus is faster than it was day 1. Also my friends with iPhone 3GS and 4 complain their phone has slowed down as well

  • 0
  •  
  •  
shark-monkey's picture

Updated maps is not bad brah.

shark-monkey
      HF
 
 
(Senior Orangutan, 381
 
Points)
 on 11/7/12 at 3:05pm

Updated maps is not bad brah.

Fear is the greatest motivator. Motivation is what it takes to find profit.

  • 0
  •  
  •  
BlackHat's picture

Happily short since 698

BlackHat
      HF
 
 
(Senior Neanderthal, 4,948
 
Points)
 on 11/7/12 at 3:06pm

Happily short since 698

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

  • -1
  •  
  •  
IlliniProgrammer's picture

I've now switched to

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 11/7/12 at 3:14pm

I've now switched to downloading music from Amazon, paying about 30% less for an album and never more than 99 cents for a song- and loading it onto my ITunes.

Cloud Player means I can listen to my music wherever, just like ITunes. And it costs less.

Just downloaded Dvorac's symphonies on AMZN for a 40% discount to what I'd pay at AAPL.

Work hard, play hard.

  • 0
  •  
  •  
WallStreetOasis.com's picture

IlliniProgrammer: I've now

WallStreetOasis.com
      EN
 
 
(Human, 12,074
 
Points)
 on 11/7/12 at 3:23pm
IlliniProgrammer:

I've now switched to downloading music from Amazon, paying about 30% less for an album and never more than 99 cents for a song- and loading it onto my ITunes.

Cloud Player means I can listen to my music wherever, just like ITunes. And it costs less.

Just downloaded Dvorac's symphonies on AMZN for a 40% discount to what I'd pay at AAPL.

I still prefer a service like Spotify...any reason not to use Spotify? It's renting, yes, but it's also incredible to be able to listen to almost anything unlimited times, create any playlists you want, etc...

WSO Conference 2013

Private Certified User Chat

  • 0
  •  
  •  
AndyLouis's picture

IlliniProgrammer: I've now

AndyLouis
     
 
 
(Senior Neanderthal, 5,822
 
Points)
 on 11/7/12 at 3:32pm
IlliniProgrammer:

I've now switched to downloading music from Amazon, paying about 30% less for an album and never more than 99 cents for a song- and loading it onto my ITunes.

Cloud Player means I can listen to my music wherever, just like ITunes. And it costs less.

Just downloaded Dvorac's symphonies on AMZN for a 40% discount to what I'd pay at AAPL.

good idea will look into this, especially since grooveshark is only option i can get internationally and streaming isn't always seamless

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

  • 0
  •  
  •  
AQM's picture

Spotify is where it's at.

AQM
      IB
 
(Orangutan, 331
 
Points)
 on 11/7/12 at 4:04pm

Spotify is where it's at. Also, I think it's a good time to buy Apple, hopefully their year end numbers are gonna be good because of the holiday season.

  • 0
  •  
  •  
In The Flesh's picture

Cheer up, it's just a

In The Flesh
      HF
 
 
(Neanderthal, 2,811
 
Points)
 on 11/7/12 at 4:11pm

Cheer up, it's just a company.

Head of Metal Website: www.headofmetal.com

https://twitter.com/headofmetal2012

  • 0
  •  
  •  
Edmundo Braverman's picture

AndyLouis: IlliniProgrammer

Edmundo Braverman
      ST
 
 
(Human, 14,385
 
Points)
 on 11/7/12 at 4:19pm
AndyLouis:
IlliniProgrammer:

I've now switched to downloading music from Amazon, paying about 30% less for an album and never more than 99 cents for a song- and loading it onto my ITunes.

Cloud Player means I can listen to my music wherever, just like ITunes. And it costs less.

Just downloaded Dvorac's symphonies on AMZN for a 40% discount to what I'd pay at AAPL.

good idea will look into this, especially since grooveshark is only option i can get internationally and streaming isn't always seamless

Grooveshark fan here, too. Works great in France.

  • 0
  •  
  •  
Going Concern's picture

OP, putting aside your Apple

Going Concern
     
 
 
(King Kong, 1,698
 
Points)
 on 11/7/12 at 5:00pm

OP, putting aside your Apple crusade (which I am in support of), I'm curious to hear your thoughts on Apple TV. I bought a 3rd gen box recently, and interested to know if your experience with it matches mine. Thanks bro.

And I think it's gonna be a long, long, time

  • 0
  •  
  •  
whatwhatwhat's picture

i'm sure apple misses your

whatwhatwhat
      HF
 
(King Kong, 1,400
 
Points)
 on 11/7/12 at 11:46pm

i'm sure apple misses your 2.73984 shares

  • 0
  •  
  •  
Kenny Powers's picture

try a windows phone 8, i had

Kenny Powers
      O
 
(Senior Gorilla, 871
 
Points)
 on 11/8/12 at 12:05am

try a windows phone 8, i had windows phone 7 and it was awesome.

pick em, lick em, stick em

  • 0
  •  
  •  
wolverine19x89's picture

grooveshark is good, but

wolverine19x89
      O
 
(King Kong, 1,845
 
Points)
 on 11/8/12 at 1:54am
You must be signed in to read advice below.
Sign In with FacebookSign In with Google
Connecting helps us build a vibrant community. We'll never share your info without your permission.

Sign Up with email

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

  • 0
  •  
  •  
APAE's picture

IlliniProgrammer: I've now

APAE
     
 
(Neanderthal, 3,660
 
Points)
 on 11/8/12 at 1:55am

A lot of people do certain things to add days to their life. I do things to add life to my days.

  • 0
  •  
  •  
sandsurfngbomber's picture

Spotify > Grooveshark? What

sandsurfngbomber
      IB
 
(Senior Baboon, 180
 
Points)
 on 11/8/12 at 4:36am
  • 0
  •  
  •  
SECfinance's picture

tl;dr

SECfinance
      IB
 
(King Kong, 1,416
 
Points)
 on 11/13/12 at 10:58pm
  • 0
  •  
  •  
wolverine19x89's picture

sandsurfngbomber: Spotify >

wolverine19x89
      O
 
(King Kong, 1,845
 
Points)
 on 11/13/12 at 11:22pm

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

  • 0
  •  
  •  

6 Free Financial Modeling Lessons...Straight to Your Inbox.

Confirm your name and e-mail below to get our best tips

Monkey Stats
Account information
We respect your Name and E-mail privacy. By joining you accept our terms of service.
Skip this step
Terms and Conditions of Use
These are the "Terms and Conditions" under which you may use WallStreetOasis.com. Please read this page carefully including the Privacy Policy below. If you do not accept the Terms and Conditions and Privacy Policy stated here, do not use this web site or any services offered by this web site. By using this web site, you are indicating your acceptance to be bound by the terms of these Terms and Conditions and Privacy Policy. IB Oasis Corp. (the "Company") may revise these Terms and Conditions and Privacy Policy at any time by updating this posting. You should visit this page periodically to review the Terms and Conditions and Privacy Policy, because they are binding on you. The terms "You" and "User" as used herein refer to all individuals and/or entities accessing this web site for any reason.

Neither WallStreetOasis.com, IB Oasis Corp. nor employees of IB Oasis Corp. are investment advisors. The purpose of this website is NOT to give any advice on your personal investment strategy. If you base your investment decisions on content of this website, you may lose part or all of your money.

You should not violate any other law or regulation, including, without limitation, the rules and regulations of the U.S. Securities and Exchange Commission and the national or other securities exchanges, especially including the rule against making false or misleading statements to manipulate the price of a security or the rule requiring you to disclose any compensation you may receive for describing a security.

You should not access WallStreetOasis.com by any means other than through the interfaces we provide for use in accessing our services or use any automated means, including, without limitation, agents, robots, scripts, or spiders, to access, monitor, copy, or harvest data from any part of our sites, except those automated means that we have approved in advance and in writing.

The Company, in its sole discretion, reserves the right to remove any postings, or deny access by any individuals, for any reason or no reason.

If you see something that you feel is a violation of the these Terms and Conditions, please notify us by emailing wallstreetoasis at wallstreetoasis.com.

We reserve the right to change the Terms and Conditions at any time. Changes will be posted on the applicable web page.

Use of Material.

The Company authorizes you to view and download a single copy of the material on www.WallStreetOasis.com (the "Web Site") solely for your personal, noncommercial use. By using the Web Site you are giving the Company the sole right to use any and all content you generate or publish on the site for commercial, non-commercial or promotional purposes. This includes any and all forum posts, comments, blog posts or any other material you generate on the Web Site.

The contents of this Web Site, such as text, graphics, images, logos, button icons, software and other items (collectively, "Material"), are protected under both United States and foreign copyright, trademark and other laws. All Material is the property of the Company or its content suppliers or clients. The compilation (meaning the collection, arrangement and assembly) of all content on this Web Site is the exclusive property of the Company and protected by U.S. and international copyright laws. Unauthorized use of the Material may violate copyright, trademark, and other laws. You must retain all copyright, trademark, service-mark and other proprietary notices contained in the original Material on any copy you make of the Material. You may not sell or modify the Material or reproduce, display, publicly perform, distribute, or otherwise use the Material in any way for any public or commercial purpose. The use of the Material on any other web site or in a networked computer environment for any purpose is prohibited.

You shall not copy or adapt the HTML code that the Company creates to generate its pages. It is also protected by the Company?s copyright.

Acceptable Site Use.

General Rules: Users may not use the Web Site in order to transmit, distribute, store or destroy material (a) in violation of any applicable law or regulation, (b) in a manner that will infringe the copyright, trademark, trade secret or other intellectual property rights of others or violate the privacy, publicity or other personal rights of others, or (c) that is defamatory, obscene, threatening, abusive or hateful.

Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

  • New
  • Active
  • Rank
  • Comments
  • If you work in banking - even as an intern - you obviously have access to everything in the IB share drive including the WGLs for all deals going on. Esp. for capital raising deals where there will be many banks working together. Less so or N.A. for M&A deals. Networking is how you lateral...
    Is it wrong or illegal to network off your bank's WGL?
  • Why is only interest bearing debt included in EV? I understand that sometimes you include pension liabilities, capital leases, etc., but why aren't all liabilities included? Wouldn't these need to be paid off by an...
    Interest Bearing Debt
  • Real quick and simple question... Has anyone ever had an issue with cost of attendance being too low compared to your budget you are making? I am pulling my hair out with these financial aid people telling them to disburse the full dollar amount of the loan I applied for and was awarded and they...
    Cost of Attendance
  • Hello! Does anyone know anything about Landmark Partners, a secondary private equity firm in CT? 1) interview questions? 2) culture? 3) responsibilities as an analyst? 4) whatever it is that you know about this firm... Thank you for you help. Have a great...
    Secondary PE: Landmark Partners
  • We're quickly approaching the summer when a fun-filled crop of fresh-faced monkeys will descend upon firms nationwide, hoping to secure a job post graduation. For the newly minted managers out there, you've got your work cut out for you. New guys come in all shapes and sizes and they...
    Tough Monkeys to Manage
  • Hi, I just got an offer from a firm that has an unique pay structure. I honestly don't know what to think of them. They say they have no base salary and just have commission/deal structure. (eg. bringing clients, lead etc, couldn't quite understand the role) Is this something I should...
    No base, Commission Based IB?
  • Anyone has any issues with their emails being flagged as spam when sent from gmail account to associates and higher at...
    Emails flagged as spam
  • I just received a summer offer at a BB in an S&T position. I want to live in Manhatten, hopefully close to my office. On such short notice what can I do about housing? Any advice? Most of the colleges/dorms appear to be sold out....
    Summer Housing
  • Hey all, Bottom line on top: would it help or hurt me to switch jobs a year before I knew I was attending...
    Job Change One Year Before MBA - Good or Bad?
  • so i just got (hopefully) the hang of all the financial statement analysis-evaluation-earnings manipulation thing but still i find myself poorly geared to face stock evaluations for a simple reason: i lack specific industry knowledge. how can i get that besides surfing the internet? are there...
    Need readings for specific industries
  • *"The Michael Jordan of Hedge Fund Managers". 25% net return to investors annually since inception w/an average Sharpe Ratio of 2.5. "This man has returned 3x the returns of Warren Buffet with a third of the...
    Money manager Ed Butowsky on SAC's Cohen
  • Hi Everyone, I need some advice, I just graduated and I just got an offer from BB ops (MS/GS) however I also have an offer to intern at a elite boutique (LAZ, HL, Moelis) in an advisory group. I really liked the people and the work at the boutique...however it's not full time and I already...
    BB Ops FT vs. Boutique internship
  • Has anyone applied for Citi's university program a few years out of college and got an offer or will they just immediately reject your application if you're not a current...
    Citigroup University Program
  • Was told to expect a question like this in an upcoming interview. I've seen market making questions before but not involving measuring distance (usually see ones that involve something more easily guesstimated like population). Can anyone help me come up with a reasonable way to attack this...
    Interview Brain Teaser
more

Upcoming Events

  • Financial and Valuation Modeling Boot Camp (Dallas)
    May 23 2013 - 8:00am - May 25 2013 - 5:00pm
  • Shanghai Happy Hour May 24th Friday 7:30PM - 10:30PM
    May 24 2013 - 7:30am - 10:30am
  • Hong Kong Networking Event - Happy Hour, May 24th, 7:30PM
    May 24 2013 - 7:30pm - 9:30pm
  • New York School of Finance: Summer Session 2013
    Jun 3 2013 - 9:00am - 11:00am
  • Financial and Valuation Modeling Seminar (Washington DC)
    Jun 6 2013 - 9:00am - Jun 8 2013 - 5:30pm
more

Highest Ranked Content

  • Week
  • Month
  • Year
  • All Time
  • Comments
This is the reaction any analyst who has ever worked in banking has when you say you want to leave banking for business school then come back as a post b school associate... <img src="http://epicpinterestfail.com/wp-content/uploads/2012/11/how-i-met-your-mother-barney-why.gif"...
Why You DON'T Leave Banking for B School Just to Come Right Back...
I get a ton of emails and answer a ton of posts asking similar questions so I thought I would answer the most common ones I get here and allow others to post their questions so everyone can see them and the subsequent answers. Hope this helps. <strong>Summer Analyst...
MSF Question and Answer
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3 Lets just jump in. <strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
Beginners Guide to Valuation and Metrics By Sector
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
Ask me anything… I'm a Private Equity Analyst in Shanghai
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target...
I'm a Hedge Fund Analyst - Ask Me Anything
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
<em>Mod note: Best of Bankerella - this was originally posted 10/1/12</em> I occasionally get PMed by people at colleges I’ve never heard of before, asking if they have a shot at IBD. Folks, why IBD? The finance world is broad and varied, and there are a million ways to...
My Biggest Career Mistake to Date: Prestige
This is just fantastic. After sitting through Carl Levin and John McCain spewing a bunch of nonsense about how Apple doesn't pay enough taxes (despite being the #3 taxpaying company in America behind ExxonMobil and Chevron), Rand Paul lit them up about what a travesty it was to blame Apple...
Rand Paul GOES OFF at Apple Hearing
Someone was asking me about this in PM and I wrote a long and detailed reply about what it is like to work in Big 4 and what advice I would give to people thinking about interning / working there. Thought it might be useful for others so my reply is below. Happy to answer any...
Working In Big 4 Audit in London
more

Recent Jobs

  • WSO Test Job - Do not apply
  • Financial Research Associate for Funded Growth-Stage Internet Startup (Chelsea)
  • Sr. Sales Executive
  • jdOasis.com, Good Potential to Earn Equity in Online Legal Community
  • Hedge Fund Analyst
more



Sell Tickets Online through Eventbrite

Poll

Why would you NOT go to the 2013 WSO Conference? :
View the current poll results.

Silver Banana Rankings

  • Silver Banana Leaders
  • Soiled Monkeys
UserSilver Bananas
Edmundo Braverman1121
TNA1103
CompBanker873
happypantsmcgee742
IlliniProgrammer726
UFOinsider635
TheKing620
BlackHat566
Nouveau Richie420
rufiolove419
more

Top WSO Members

  • Total Bananas
  • Active Monkeys
UserBanana Points
Edmundo Braverman14385
TNA13529
WallStreetOasis.com12074
UFOinsider10347
happypantsmcgee9621
IlliniProgrammer9244
CompBanker8507
Siberian Husky5862
AndyLouis5822
monty095405
more

New Groups

  • Denver Professionals
  • Minneapolis Bankers
  • Non-Target Networking in NYC
  • Prep School Bankers
  • Commercial Real Estate
  • University of London
  • University of Cambridge
  • Atlanta Monkeys
  • German Monkeys
  • University of North Carolina - Chapel Hill
more

© 2006-2012 WallStreetOasis.com | All Rights ReservedAdvertise | About Us | Contact Us | FAQs | Site Map | Privacy Policy

As Seen In

Sister Site

Syndicate content