• Sharebar

Has anyone ever had to help on a transaction for a company that they absolutely despised due to their business practices? I guess you would have to suck it up and do it but I'm curious to see if anyone has ever felt any cognitive dissonance from it.

For me, I would feel like a scumbag if I had Koch Industries, Monsanto, etc as clients and was helping them out...

The WSO Advantage - Land Your Dream Job

Financial Modeling Training

IB Templates, M&A, LBO, Valuation. Learn More.

Wall St. Interview Secrets Revealed

30,000+ sold & REAL questions. Learn More.

Resume Help from Finance Pros

Land More Interviews. Learn More.

Find Your Mentor

Realistic Mock Interviews. Learn More.

Comments (8)

  • PTS's picture

    It's just a job, don't take yourself so seriously. Those companies are so overbanked you should be glad they are doing business with you, lots of fees.

  • Improving's picture

    Whatever their reasons, Monsanto may very well be one of the leaders in helping reduce world hunger for the decades to come. On the other hand, their products killed a few rats, so yeah, really dangerous. Better get out of aspartame too while I'm in a stupid mood.

    It strikes me as funny that companies like Inbev seem OK to most people (DUIs alone kill more than any other drug) while oil companies (that make food distribution way cheaper, as Monsanto may do as well) are labeled as evil.

    I would be more bothered by being on IB in general getting extreme pressure to produce "optimistic" numbers for the IPO.

  • oreos's picture

    if you don't, someone else will....

    "After you work on Wall Street it's a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side." - David Tepper

  • West Coast rainmaker's picture

    There are a lot of companies worthy of condemnation, but Monsanto and Koch are not among them. I have far a far greater disdain for companies that flagrantly destroy shareholder value. Unfortunately, investment banks help a lot of companies destroy value through acquisitions, unnecessary debt offerings, etc.

    Ultimately, I wouldn't worry about what your clients are doing. Oreos is right - if you don't serve them, somebody else will. You are not endorsing your clients' decisions by serving them.

  • farmerbob's picture

    Ever think the company on the other side might be thinking the same thing about your 'evil' investment bank.

    You're not in a very holy industry so I wouldn't be all high and mighty there bud...

  • BankingQuestion's picture

    Can you elaborate on this?

  • Dhanam's picture

    To unlock this content for free, please login / register below.

    Sign In with Facebook Sign In with Google

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!
  • Walkio's picture