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WallStreetOasis.com » Forums » I-Banking Bullpen

Signs You're getting fired and reasons for being fired Forum's RSS Feed

Cornelius's picture
by Cornelius User's RSS Feed (King Kong, 1439 Banana Points Points) on 3/9/10 at 10:18pm
yourefired.JPG

anyone want to share stories they've seen, heard, experienced?

..excluding comments about bear, lehman and the like

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Mezz's picture

I wont get into too much

by Mezz User's RSS Feed Certified User (King Kong, 1026 Banana Points Points) on 3/9/10 at 11:29am

I wont get into too much detail, but once a conversation had gone down like this between someone that had been recently hired (2nd week) and my boss

After looking at some of the person's work
Boss: Why would you even do that?!?
Employee: I was trying to...well, its not my specialty
**Some hardcore grilling continues for a few minutes**
Boss: Here, we work hard... its sink or swim
Employee: I understand
Boss: Do you, really?!
**Long pause**
Employee: Do you want me to come in tomorrow?
**Silence**

Was packed up and out within 10 minutes. No more words were exchanged. Guess thats the best sign you can get. There was also some crying involved. BTW, this was at an HF.

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Kanon's picture

Holy shit dude... was his

by Kanon User's RSS Feed (Orangutan, 356 Banana Points Points) on 3/9/10 at 11:33am

Holy shit dude... was his work really that bad? I can't imagine it to be too terrible if he got hired into a HF in the first place... Regardless, that's overkill...

  • 0 votes
adapt or die's picture

Mezz wrote: There was also

by adapt or die User's RSS Feed (Orangutan, 282 Banana Points Points) on 3/9/10 at 11:44am
Mezz wrote:

There was also some crying involved.

yikes,... I'm wondering what the work involved specifically

  • 0 votes
GoodBread's picture

Citadel?

by GoodBread User's RSS Feed (Senior Gorilla, 814 Banana Points Points) on 3/9/10 at 11:47am

Citadel?

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Anthony .'s picture

If the person bombed out that

by Anthony . User's RSS Feed Certified User (Neanderthal, 2961 Banana Points Points) on 3/9/10 at 11:51am

If the person bombed out that fast it is more of a reflection on the management for hiring someone who wasn't right for the job than anything negative about the person.

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flyingmonkey's picture

Good point Anthony, the work

by flyingmonkey User's RSS Feed (Baboon, 173 Banana Points Points) on 3/9/10 at 12:05pm

Good point Anthony, the work assignment may have been vague, or the "boss" may have been upset about something else and taken it out on the employee.

  • 0 votes
MezzKet's picture

Rumors start floating that

by MezzKet User's RSS Feed Certified User (Gorilla, 590 Banana Points Points) on 3/9/10 at 12:10pm

Rumors start floating that you're "leaving" (unbeknownst to you) and some idiot decides to call and wish you good luck on your departure and asks where you're going... clearly you answer in amazement and get the idea that the rumor was improperly passed, you're actually getting canned...

  • 1 vote
GoodBread's picture

I was working at a summer

by GoodBread User's RSS Feed (Senior Gorilla, 814 Banana Points Points) on 3/9/10 at 12:14pm

I was working at a summer job in retail when a security guard introduced himself and told me that I could only trust a couple people in the store. Two hours a later I was let go, because people (whom as the guard said I couldn't trust) thought I wasn't performing well. This was three days into the job.

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Edmundo Braverman's picture

I got fired from the same

by Edmundo Braverman User's RSS Feed Certified User (Neanderthal, 3984 Banana Points Points) on 3/9/10 at 12:15pm

I got fired from the same firm a number of times. I'd get a call a couple days later and my boss would scream at me for not being at work. It became a sort of running joke.

The time I knew it was for real was when I showed up to work one day and two security guards were waiting at my office.

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Beef's picture

Edmundo, that is hilarious.

by Beef User's RSS Feed (Baboon, 155 Banana Points Points) on 3/9/10 at 12:21pm

Edmundo, that is hilarious. Why were you ultimately fired?

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Mezz's picture

AnthonyD1982 wrote: If the

by Mezz User's RSS Feed Certified User (King Kong, 1026 Banana Points Points) on 3/9/10 at 12:23pm
AnthonyD1982 wrote:

If the person bombed out that fast it is more of a reflection on the management for hiring someone who wasn't right for the job than anything negative about the person.

Ya, the employee just wasn't ready for the pressure.

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zer0zero's picture

My first guess was SAC. Did

by zer0zero User's RSS Feed (Senior Monkey, 99 Banana Points Points) on 3/9/10 at 12:27pm

My first guess was SAC. Did he get peed on too?

  • 0 votes
rooster's picture

Trader (while on phone with

by rooster User's RSS Feed (Orangutan, 337 Banana Points Points) on 3/9/10 at 12:29pm

Trader (while on phone with client): “My wife is on line 3 I’m jammed tell her I’ll call her back”
TA: “That’s not what I was hired to do”
Trader: “Pick the fuckin phone up and tell her I will call her back”
TA: “You can call her back when you’re done”
Trader (to client on the phone): “Can you hold”
Trader (to wife): “Sorry honey, I was busy making arrangements for us to go out to dinner tonight…yeah…our new intern is having his last day and he got me a gift card with all the money he made selling porn videos of him fucking himself in the ass…mhm…I’ll tell you later…ok bye bye”
Trader (to TA): “Go get me a sandwich and never come back.”

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  • 1 vote
BnewzSrumr's picture

Anytime there are meetings

by BnewzSrumr User's RSS Feed (Senior Monkey, 70 Banana Points Points) on 3/9/10 at 1:01pm

Anytime there are meetings with everyone in your group and you are asked to "stay on the desk and watch the phones"... here's your sign.

  • 0 votes
Edmundo Braverman's picture

Beef wrote: Edmundo, that is

by Edmundo Braverman User's RSS Feed Certified User (Neanderthal, 3984 Banana Points Points) on 3/9/10 at 1:20pm
Beef wrote:

Edmundo, that is hilarious. Why were you ultimately fired?

The earlier times were for things I would chalk up to excessive ridiculousness (coming in drunk from the night before, looking like I dove on a wrinkle grenade to save the whole office because I'd slept in my clothes, being a horse's ass during IPO dog and pony shows, etc...).

What got me fired for good was something really bad that I did. I'm not willing to go into it. Suffice it to say I was lucky that getting fired was all that happened. (Come to think of it, they sued me for $14 million - the suit was later dismissed - so getting fired wasn't all that happened.)

Good times.

----------------
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  • 0 votes
dollabillz's picture

Conversation between me and

by dollabillz User's RSS Feed (Senior Monkey, 69 Banana Points Points) on 3/9/10 at 1:30pm

Conversation between me and my boss at an unpaid internship (working part-time 4 days/week):

Me: Hi Bob, I won't be able to come in today because I have a midterm to study for.
Bob: Hmm ok you should tell me in advance next time.
Me: I also won't be able to come in tomorrow.
Bob: You know what, don't bother coming in at all anymore. *hangs up*

Receive email 2 minutes later: Drop off your key at the front desk ASAP.

  • 0 votes
awp's picture

i would fire u too for that..

by awp User's RSS Feed (Baboon, 133 Banana Points Points) on 3/9/10 at 1:37pm

i would fire u too for that.. unprofessional and and a waste of time for everybody else.. as an intern you highest aim should be to make things easier for everybody around you ( and if u fail in that, try at least not to make things more complicated)

  • 0 votes
Mezz's picture

dollabillz

by Mezz User's RSS Feed Certified User (King Kong, 1026 Banana Points Points) on 3/9/10 at 1:49pm
dollabillz wrote:

Conversation between me and my boss at an unpaid internship (working part-time 4 days/week):

Me: Hi Bob, I won't be able to come in today because I have a midterm to study for.
Bob: Hmm ok you should tell me in advance next time.
Me: I also won't be able to come in tomorrow.
Bob: You know what, don't bother coming in at all anymore. *hangs up*

Receive email 2 minutes later: Drop off your key at the front desk ASAP.

Its obvious you held off the studying (possibly slacking?) for the midterm and thought you could cut into your internship for extra study time. Although, 4 days/week is on the excessive side, I think you would have no problem if you just informed him in advance.

Did you feel like shit after? How'd you do on the midterm?

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  • 0 votes
Virginia Tech 4ever's picture

rooster wrote: Trader (while

by Virginia Tech 4ever User's RSS Feed (Orangutan, 279 Banana Points Points) on 3/9/10 at 4:53pm
rooster wrote:

Trader (while on phone with client): “My wife is on line 3 I’m jammed tell her I’ll call her back”
TA: “That’s not what I was hired to do”
Trader: “Pick the fuckin phone up and tell her I will call her back”
TA: “You can call her back when you’re done”
Trader (to client on the phone): “Can you hold”
Trader (to wife): “Sorry honey, I was busy making arrangements for us to go out to dinner tonight…yeah…our new intern is having his last day and he got me a gift card with all the money he made selling porn videos of him fucking himself in the ass…mhm…I’ll tell you later…ok bye bye”
Trader (to TA): “Go get me a sandwich and never come back.”

Yeah, this would have infuriated me beyond that which I could handle. I think I would have had security not just escort this punk kid out, I would have had security beat him in the back alley, too. Damn, pissed me off just reading this.

  • 0 votes
Edmundo Braverman's picture

^^^ Couldn't agree more. This

by Edmundo Braverman User's RSS Feed Certified User (Neanderthal, 3984 Banana Points Points) on 3/9/10 at 5:01pm

^^^ Couldn't agree more. This kid had an alley-whippin' coming. He's lucky he just got fired.

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Beef's picture

Edmundo Braverman

by Beef User's RSS Feed (Baboon, 155 Banana Points Points) on 3/9/10 at 10:13pm
Edmundo Braverman wrote:
Beef wrote:

Edmundo, that is hilarious. Why were you ultimately fired?

The earlier times were for things I would chalk up to excessive ridiculousness (coming in drunk from the night before, looking like I dove on a wrinkle grenade to save the whole office because I'd slept in my clothes, being a horse's ass during IPO dog and pony shows, etc...).

What got me fired for good was something really bad that I did. I'm not willing to go into it. Suffice it to say I was lucky that getting fired was all that happened. (Come to think of it, they sued me for $14 million - the suit was later dismissed - so getting fired wasn't all that happened.)

Good times.

Haha I am really curious now, but fair enough.

#############################
http://wherethemoney.at - personal blog
http://collegiateinvestors.com - my website

  • 0 votes
Beef's picture

And by the way, here's a

by Beef User's RSS Feed (Baboon, 155 Banana Points Points) on 3/9/10 at 10:20pm

And by the way, here's a story of how one guy got fired from a firm I worked for a few years back. Let's call him Bob.

Bob had a bit of a temper and was notorious for letting it show sometimes. He got into an argument with a co-worker over something really stupid and threw a stapler at the guy's foot. Although he could've gotten sued and screwed for it, he got off with a slap on the wrist.

A few months later, the company was going through some hard times and Bob hadn't been paid in a few months. The firm said he would get paid soon, as soon as they could sell off some assets and turn them into cash. A week went by and Bob still had no payment, so what does he do? He comes in early on a Sunday when there was no one around (this was a small firm) and takes ALL the files related to the big project he was working on, and deleted them. He deleted the backups on the server, the files on his desktop, everything. He didn't even save them on a usb drive or anything.

Needless to say, he was out of a job the next day.

#############################
http://wherethemoney.at - personal blog
http://collegiateinvestors.com - my website

  • 0 votes
Mezz's picture

rooster wrote: Trader (while

by Mezz User's RSS Feed Certified User (King Kong, 1026 Banana Points Points) on 3/9/10 at 11:37pm
rooster wrote:

Trader (while on phone with client): “My wife is on line 3 I’m jammed tell her I’ll call her back”
TA: “That’s not what I was hired to do”
Trader: “Pick the fuckin phone up and tell her I will call her back”
TA: “You can call her back when you’re done”
Trader (to client on the phone): “Can you hold”
Trader (to wife): “Sorry honey, I was busy making arrangements for us to go out to dinner tonight…yeah…our new intern is having his last day and he got me a gift card with all the money he made selling porn videos of him fucking himself in the ass…mhm…I’ll tell you later…ok bye bye”
Trader (to TA): “Go get me a sandwich and never come back.”

its obvious that the TA was sleeping with the guy's wife and was too uncomfortable talking to her over the phone.

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  • 1 vote
geniusisnteasy's picture

The biggest sign that a pink

by geniusisnteasy User's RSS Feed (Monkey, 40 Banana Points Points) on 3/10/10 at 12:12am

The biggest sign that a pink slip is on the way is that the work you get slowly trickles to a stop.

  • 0 votes
tandaradei's picture

You get a call from HR to

by tandaradei User's RSS Feed (Senior Baboon, 195 Banana Points Points) on 3/10/10 at 5:45am

You get a call from HR to schedule an exit interview. Surprise!

  • 0 votes
wintonheights's picture

yah its the little things.

by wintonheights User's RSS Feed Certified User (Orangutan, 332 Banana Points Points) on 3/10/10 at 6:55am

yah its the little things. you get staffed on less deals like genius says and you get asked to upload some critical information which is normally your forte to someone else. youre asked to do more leg work at the office and not staffed to travel anywhere for a bit. then one day your access to certain drives on the system goes down. you dont think twice about it and just call tech to check it out. soon you get a call from your MD whos never there asking if he can see you for a minute. and by the time you get back from your "fireside chat" with the boss theres a security officer at your desk with a box.

i mean, at least that was how they fired one of my senior associates when i was in banking. on his way out he called us analysts all a bunch of traitors. i waved and smiled. no joke. he deserved it. this guy was a prick and a pathological liar, but worst of all his work product sucked @ss. good riddance.

  • 0 votes
wintonheights's picture

the other time i knew someone

by wintonheights User's RSS Feed Certified User (Orangutan, 332 Banana Points Points) on 3/10/10 at 7:30am

the other time i knew someone was getting the boot was was uncanny.

im sitting there on a random weekday morning next to my prick of a boss (who would threaten to fire me and hire from the mcdonalds around the block all day every day). so anyway, lets call him bullwinkle. i know something is up b/c a few minutes before the numbers come out our MD calls and asks if i could tell bullwinkle hes needed back in "the office". k. so nb: whenever the guys in the office call for you somethings always up. technically it could be good, but to do it like this, i had a bad feeling about this one. i fantasize that maybe hes getting the shaft. i laugh at myself.

but then im sitting there and this dude is gone for like a whole freaking hour. no call. no check in. nothing. im bewildered now. no ones EVER off the desk that long. i start to think, wait a second maybe this tosser really is getting bounced??!! but i stop myself cause i figure its just wishful thinking for all the berating i get, and i keep my wits about me cause i figure im gonna get creamed if i fk something up before he comes back.

finally a couple minutes beyond an hour, i look up and i see him walking back to the desk with the best poker face ive ever seen (in hindsight). he doesnt say a word to me when he gets back. keep in mind i sit six inches away from his elbow on a daily basis. instead he goes over the the garbage bin, lifts up the plastic bag in there and takes one of the spare ones the cleaner left (how the fk he knew that is beyond me) and starts to go through his draws. im sitting there dazed and confused. but i wont dare look at him. my MD comes out and calls him back to the office again. im thinking, wtf is going on???

meanwhile nobody else is noticing this chain of events but me. so i cant even look at someone else for some kind of knowing or speculating glance. i stay focused on not letting the book crash. ten minutes later my MD comes back out with bullwinkle. watches as bullwinkle puts his family photos and other personal stuff into this clear plastic garbage bag and then escorts him straight off the floor and out of the office. at this point people are starting to notice. the minute the two are gone my bloomberg starts blowing up and people are leaning over asking me what the heck just happened. im thinking now theyre asking? i knew this from the minute he went back there!

anyway it was good riddance for that one too. i guess their lesson from my career was "dont fk w/ wintonH, hes protected from on high". but seriously, those were the two worst people i worked with and they both happened to get fired. and no i had nothing to do with either case.

ive prolly totally given myself away here, but the story had to be told.

  • 0 votes
2226416's picture

ha ha man these stories are

by 2226416 User's RSS Feed (Orangutan, 252 Banana Points Points) on 3/10/10 at 7:27am

ha ha man these stories are so intense.

How frequently do you think analysts get fired for failing to produce good work? I'd assume it would mainly be the first year ones who are applicable because you should have your shit together and be entrenched (kind of) by year 2 or 3.

  • 1 vote
Cornelius's picture

when you get back to your

by Cornelius User's RSS Feed (King Kong, 1439 Banana Points Points) on 3/10/10 at 8:07am

when you get back to your desk and can't log in. ur getting canned
when you get to the office and ur security badge doesn't work. ur getting canned
when you are told that you have two weeks to improve your work performance. ur getting canned

------------
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  • 0 votes
beastly214's picture

From my job in '08: There was

by beastly214 User's RSS Feed (Monkey, 38 Banana Points Points) on 3/10/10 at 8:12am

From my job in '08: There was a BBQ planned at a partner's house for the entire HF (only about 25 people) -

one week before the event was supposed to go down, they cancelled it...

Instead of the party, myself, along with half of the fund got canned that following week.

  • 0 votes
Mezz's picture

beastly214 wrote: From my job

by Mezz User's RSS Feed Certified User (King Kong, 1026 Banana Points Points) on 3/10/10 at 8:51am
beastly214 wrote:

From my job in '08: There was a BBQ planned at a partner's house for the entire HF (only about 25 people) -

one week before the event was supposed to go down, they cancelled it...

Instead of the party, myself, along with half of the fund got canned that following week.

ouch!

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  • 0 votes
Mezz's picture

great stories.

by Mezz User's RSS Feed Certified User (King Kong, 1026 Banana Points Points) on 3/10/10 at 8:52am

great stories.

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GoVolckYourself's picture

You get a call from

by GoVolckYourself User's RSS Feed (Senior Monkey, 78 Banana Points Points) on 3/10/10 at 9:38am

You get a call from "Conference Room xx"

  • 0 votes
Ricqles's picture

just curious, as an analyst ,

by Ricqles User's RSS Feed Certified User (Gorilla, 541 Banana Points Points) on 3/10/10 at 9:40am

just curious, as an analyst , what type of behaviors will get you canned? obviously not following what to do, being late, never produce any good work will do the trick. But as an incoming analyst , I honestly dont know much. Do people expect you to fuck up at first then?

Thanks

  • 0 votes
GoVolckYourself's picture

Pretty hard to get fired as

by GoVolckYourself User's RSS Feed (Senior Monkey, 78 Banana Points Points) on 3/10/10 at 9:44am

Pretty hard to get fired as an analyst ... i've NEVER seen an analyst get fired for making mistakes (and this includes fucking up apresentation and putting the wrong clients name)

but usually shit like

1) being directly responsible for fucking up a mandate
2) sexually harassing / offending a coworker
3) doing something illegal (i.e insider trading, dealing drugs)

  • 0 votes
Cornelius's picture

i heard of an analyst from

by Cornelius User's RSS Feed (King Kong, 1439 Banana Points Points) on 3/10/10 at 10:08am

i heard of an analyst from bear who emailed an internal email from james cayne to dealbreaker. it was in response to the article in the wsj about him toking.

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I'm making it up as I go along.

  • 0 votes
Edmundo Braverman's picture

Jimmy Cayne wake-and-bake,

by Edmundo Braverman User's RSS Feed Certified User (Neanderthal, 3984 Banana Points Points) on 3/10/10 at 10:31am

Jimmy Cayne wake-and-bake, baby!

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  • 0 votes
BnewzSrumr's picture

Never talk to the press

by BnewzSrumr User's RSS Feed (Senior Monkey, 70 Banana Points Points) on 3/10/10 at 10:43am

Never talk to the press unless you are a designated company spokesperson!

Classic example: the Trinity laxer's wisecrack about Bear in the Journal:

http://nymag.com/news/intelligencer/46648/

ouch...

  • 0 votes
Virginia Tech 4ever's picture

I guess getting laid off is

by Virginia Tech 4ever User's RSS Feed (Orangutan, 279 Banana Points Points) on 3/10/10 at 12:19pm

I guess getting laid off is different. I was called into my boss' office via our instant messaging system (internal). No big deal. And then was let go. I was pretty surprised. This was in 2008 though. Life is good now.

  • 0 votes
Morelikeballstreet's picture

And then there's the story of

by Morelikeballstreet User's RSS Feed (Senior Chimp, 25 Banana Points Points) on 3/10/10 at 12:37pm

And then there's the story of how Ping Jiang got fired...

  • 0 votes
IBD4PE's picture

#1 sign: You stop getting

by IBD4PE User's RSS Feed (Monkey, 33 Banana Points Points) on 3/10/10 at 1:47pm

#1 sign: You stop getting work to do. Any interaction either positive or negative is better than no interaction IMO

  • 0 votes
fderango's picture

THAT IS JUST CRAZY. IF I WERE

by fderango User's RSS Feed (Monkey, 38 Banana Points Points) on 3/10/10 at 2:50pm

THAT IS JUST CRAZY. IF I WERE YOU I WOULD NEVER GO BACK THERE EVEN FOR GOOD PAYING JOB.

  • -1 votes
Aussie Banker's picture

A guy that I worked with got

by Aussie Banker User's RSS Feed (Monkey, 32 Banana Points Points) on 3/10/10 at 11:55pm

A guy that I worked with got told by his PC. He tried to log on in the morning and his PC told him all his rights had been revoked because yesterday was his last day in the organisation. He thought this admin screw-up was hilarious, but his day quickly went down hill from there.

  • 0 votes
The Shit's picture

You make a video about how

by The Shit User's RSS Feed (Orangutan, 271 Banana Points Points) on 3/11/10 at 12:32am

You make a video about how you can roll up at nightclubs with models and bottles cuz you're a financial analyst at a large investment bank

  • 0 votes
BigFatPanda's picture

Virginia Tech 4ever

by BigFatPanda User's RSS Feed (Senior Baboon, 214 Banana Points Points) on 3/11/10 at 1:43pm
Virginia Tech 4ever wrote:
rooster wrote:

Trader (while on phone with client): “My wife is on line 3 I’m jammed tell her I’ll call her back”
TA: “That’s not what I was hired to do”
Trader: “Pick the fuckin phone up and tell her I will call her back”
TA: “You can call her back when you’re done”
Trader (to client on the phone): “Can you hold”
Trader (to wife): “Sorry honey, I was busy making arrangements for us to go out to dinner tonight…yeah…our new intern is having his last day and he got me a gift card with all the money he made selling porn videos of him fucking himself in the ass…mhm…I’ll tell you later…ok bye bye”
Trader (to TA): “Go get me a sandwich and never come back.”

Yeah, this would have infuriated me beyond that which I could handle. I think I would have had security not just escort this punk kid out, I would have had security beat him in the back alley, too. Damn, pissed me off just reading this.

Have security pick him up and open the door with his head, like a battering ram. Remember Casino?

  • 0 votes
Virginia Tech 4ever's picture

I don't listen to hip hop...

by Virginia Tech 4ever User's RSS Feed (Orangutan, 279 Banana Points Points) on 3/11/10 at 2:00pm

I don't listen to hip hop...

  • 0 votes
Virginia Tech 4ever's picture

nm

by Virginia Tech 4ever User's RSS Feed (Orangutan, 279 Banana Points Points) on 3/11/10 at 3:05pm

nm

  • 0 votes
Frogman's picture

Seems like getting fired as

by Frogman User's RSS Feed (Chimp, 5 Banana Points Points) on 3/11/10 at 2:49pm

Seems like getting fired as an analyst for poor performance or something illegal would destroy any legitimate career in finance

  • 0 votes
Cornelius's picture

Frogman wrote: Seems like

by Cornelius User's RSS Feed (King Kong, 1439 Banana Points Points) on 3/11/10 at 3:54pm
Frogman wrote:

Seems like getting fired as an analyst for poor performance or something illegal would destroy any legitimate career in finance

yes, on the something illegal part (i.e. insider trading). but not being able to work in finance should be the least of ur worries if you get caught for that.

however, "poor performance" would not destroy someone. in banking, some first years are horrible just because they've never had a job like IB before. i know first years who suck at my last my firm, they were laid off and then found jobs at other companies/ibs. the project management/finance/presentation/just general work performance they developed working over 100 hours/wk and doing really well at their current finance jobs.

------------
I'm making it up as I go along.

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grads's picture

Morelikeballstreet wrote: And

by grads User's RSS Feed (Senior Monkey, 92 Banana Points Points) on 3/13/10 at 2:02am
Morelikeballstreet wrote:

And then there's the story of how Ping Jiang got fired...

Did he really make the male analyst suck his dick? This is fucked up.

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