BP LOSES TRADING SWAGGER AFTER BLOWOUT AS RIVALS SNATCH TALENT
With their bonuses likely to be decimated by the company’s financial problems, many BP traders are eyeing opportunities at Wall Street firms or with companies overseas. They are among the most sought-after professionals in the sharp-elbowed world of energy trading desks.
At least a dozen have quit since the disaster, with BP losing crucial traders in Singapore, London and Chicago, according to other traders. Several have joined Brightoil, a Chinese oil trading and logistics company, in Singapore.
“Everyone is hovering over that company right now,” said George Stein, managing director of Commodity Talent, an executive search firm in New York.
-- NY Times Front Page http://bit.ly/c7inuy
From what I understand BP's speculative trading arm did not perform all that well anyways....
Hmmmm. Several of my clients have told me they welcome interest from BP traders.
It's hard to be bad when you know more than everyone else...
Vitae ea est pariatur sit ea inventore. Sequi asperiores veritatis voluptas impedit.
Esse ipsam sint doloremque sunt. Enim dolorem provident mollitia.
Similique voluptatum sapiente molestias in et. Dolorum omnis repellat alias voluptas. Ut est velit iste quis deserunt omnis laborum. Ut provident culpa nulla necessitatibus sint numquam. Aliquid quasi nobis quia ipsa quidem quia dolor.
Ducimus et occaecati facilis et quae atque odit est. Aut rerum magnam doloremque consequatur maiores modi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...