Bear Stearns...what fantastic news!

congrats! you're a douchebag!

I hope you get fired

you are a fuking lame fag.

wow. this guy is seriously a douchebag.

"gee, i hope other people get fired b/c im a douche!"

it's sad that there are people like you in the world. im a sophomore not from an ivy, but guess what? i worked my ass off to get a position for the summer at a BB. So wtf is with the mentality that people from nonivy's don't deserve it? you're a douche.

In my experience, people from non-Ivys in IBs are absolute cretins. If they were any good they'd have got into an Ivy. Instead they're low-quality, poor background, inferior and ugly. And use the word "douche" 3 times in about as many sentences.

I couldn't care if you're calling me a douchebag or whatnot - bottom line is I'm fucking happy and have a positive mindset, laughing and smiling at what's happening, whilst you chumps are fearing for your jobs.

pepstar, the more you write, the more you expose yourself as a wannabe. lay off decisions are not based on whether you were from an ivy. do you think ivy bear bankers are less worried than non-ivy bear bankers?

I think in these sort of markets a Princeton grad (or Justin Lubell from UPenn, from grad to MD 2005-08) at Bear Stearns has a much, much better chance of getting another good job quickly than an Amhert or Tufts grad at Bear.

14,000 employees and a mkt cap of $4.6bn. Too funny for words.

if you are so happy with yourself and such a big banker, you wouldn't be on this forum writing lame shit.

many of the people above youare probably from non-iveys (haha duke is a non-ivey) i hope you get fired for incompetence

many of the people above youare probably from non-iveys (haha duke is a non-ivey) i hope you get fired for incompetence

wow pepstar do you really think banks are going to go "hm ok we need to lay people off, anyone from an ivy gets to stay, anyone not from an ivy gets booted".

im glad i dont have to work with someone like you bc i would do everything possible to get you fired if i did

Please make an appointment with a therapist and leave this board. You are transparent and clearly have serious issues.

While it is quite obvious this thread is a joke, I'll add a comment:

Pepstar -- How does it make you feel to know that you, a superior Princeton alpha-male, are working alongside plebeians? I would imagine, being of greater intellect, you would have aspired to a position too great for your non-ivy counterparts. What happened? In fact, it must be outright upsetting to know that these people are being given jobs that are beyond their qualifications.

Yes, of course it annoys me that inferior people get the same sort of jobs as I do. Which is why I'm happy with what's happening - hiring over the next couple of years is only going to let in the very best.

What should I be doing instead of banking? I could do anything really. Nothing at all will pay me what I'm being paid in banking, except maybe a hedge fund which is too risky, especially right now, and setting up my own business, but I don't want to go through a period of shit/no pay to eventually make it.

http://wallstreetoasis.com/forums/buybacks-mkt-cap-question

aren't you the same moron that didn't know the basics of a share repurchase? i'm pretty sure undergrads from non-ivies in banking know the answer to this. hell, middle- and back-office people probably know this. nice work.

You're a tool. You sound like a college kid/wannabe banker that wants to know what it feels like to be a high-up banking douchebag. But you're just a douchebag. The only difference between you and some 14 year old brat posting anonymous on another message board is your ability to write in full sentences, good job.

I thought I was the only annoying fuker on this forum, but you just made me wrong, LOL.

Congradulations on winning the most annoying fuking poster award. You beat me, i come only in second lOL

I just read the "market cap/share repurchase" post. That was GOLD, lol.

I think anyone with half a brain would agree pepstar is a douche bag and obviously looking for self-validation in the most absurd places possible, but just to clarify what are wrong with his points as opposed to just calling him a douche bag:

1) You ignore the whole point that ivy league students are there for more reasons than just "they deserve it and are better qualified". The entire process has one generalized statistic and that is SAT, which was dropped by the army due to its inability to be a useful test for them in determining ability. Besides for the SAT, there are no generalized statistics, so it becomes an issue of "how do I feel about this student as compared to another". Not to mention the huge number of legacies and affirmative action candidates. From my experience, the ivy league graduates were the most abysmal workers. They had a horrible attitude, often times had no background in finance, and were not the quickest learners. I figure this is due to the low amount of competition at their school breeding mediocrity and poor work ethic.

2) Even if I were to accept your idea that ivy league workers were more productive and therefore would not be fired, typically the firings will not be an even process. Bear and Lehman have plenty of ivy league workers and yet those workers will be fired just as quickly as the non-ivy league graduates. Certain groups at other banks will see cuts in specific groups as opposed to shifting workers from one area to another. As the rest of this board seems to say, I really do hope you get fired as you have got to have one of the worst attitudes amongst your peers.

3) Even if 50% of the industry gets fired, and the prestige of being a banker increases (which as recent surveys show bankers are not respected much), you wont be able to get a date unless the girl doesn't really know you at all. The second she finds out your points of view or your personality, she will probably be disgusted.

http://wallstreetoasis.com/forums/buybacks-mkt-cap-question

For those who haven't seen it...don't even worry about this guy, he is full of shit and not even worth the effort of arguing with.

I think I could come up with decent answers to your questions and I'm one of those inferior, non-finance, non-Ivy people.

For someone who states they don't need to know anything outside of their specific area, you seem quite interested. Maybe you are learning something in the workplace...its good to be well rounded. Did they forget to teach you that at Princeton? You'd think for all that money something so simple and important wouldn't be left out. Oh well, better late than never I suppose. I quote a VP at Goldman, "If everyone in the same room is thinking the same thing, than nobody is thinking." Use your Princeton training to think about the underlying meaning of this message.

BTW, it’s pretty sick to hear that you enjoy seeing so many qualified people being fired simply because of the effects on your own career.

pepstar..... read a few economics books and maybe learn a discounted cash flow for stock valuation lol. What's the funniest part of all of this is its clear you were hired during one of those hiring binges along with all those other worthless workers as you label them. Hopefully then, you will be fired just as easily.

You guys gotta realize when you're just being trolled

lol, what they adore is your money. Are you familiar with the term gold-digger? I'll give you a hint, it has nothing to do with literally digging for gold.

Pepstar: Sorry what I was trying to say was.. surely a company is worth a lot more than its market cap?

Sure, BSC was really worth more than $60 a few days ago.

Pepstar: Btw I majored in Anthropology, started straight on a desk rather than learning everything in graduate training, which is why there's a lot of shit I don't know!

So how are you better than a non ivey with a finance major? You don't even know the basics.

Market cap is the value given a firm by the market, hence the words "market capitalization." The analysts/investors should be smart enough to look at the balance sheet of a company to see how much they have in treasury and this factors into the price that the company's shares are given. Additionally, when a company buys back its stock it will usually result in a raising of the share price, reason is related to supply/demand. So, in reality, the market is adjusting to the true value of the company. It is dumb to think that the "hidden shares of treasury stock" would be missed in the valuation. Need more explanation, go read an accounting 101 textbook that they use at "non-target" schools. Obviously it's too low level for your elite level of comprehension.

You guys are so gullible.

Stop feeding him.

Jesus christ you guys are being trolled, stop responding to his posts

Obviously Pepstar is a c*cksucker whose bad karma from this board alone will lead him to an early and painful death. But everyone seems to be forgetting that many people who could attend ivies choose not to pay the $50k/year and rather go to schools like UVA, UCLA, Berkeley and Michigan where they will save thousands, get the same education and get drunk with hot sorority chicks instead of butch thespians and JAPS. Holla!

I hope pepstar gets hit by his girlfriends limo tonight and dies a slow and painful death. Lets see how his ivy league education would help him then. By the way you douche bag, MIT, Duke and Stanford are not ivys and there some amazing people from there. I hope you also realize banking is an incredibly boring job for most people. While you die of a heart attack by the age of 55 because of all the stress you take from your stupid job, your friends who made 45K out of college will be traveling around the world getting laid every two days while your sorry ass will be spending 60 hours a week in the office sucking up to clients.

I work at a hedge fund that is doing some downsizing and the only people to get laid off so far have come from ivy league schools. The only thing going to an ivy league school proves is that you were an over-achiever in high school or come from a well connected family

This is a great post!!!! Finally.

I don't believe Pepstar is a real person, as he claims to date NYC girls, yet in a prior post said he was not working in the US.

Still, I find this hillarious:

"they're low-quality, poor background, inferior and ugly"

Also, his profile lists his major as Finance, yet here he claims it is anthropology.

Still, a good laugh.

As a entertaining as this loser is; Tim Sykes is just as annoying and has several millions already, why can't you do it Pepstar? I mean you must be 1000x smarter than that dude?

You don't work in commodities dude, so maybe you should fear for your bonus a little, superstar.

Pepstar, I hope you get fired, you equity research douchebag.

a very amusing thread.

Im not even sure princeton has a finance major to offer.

I'm pretty sure princeton does not.

Good catch. So pepstar really is a loser..

If I gave my actual uni/major/year/bank/desk it'd be pretty obvious who I am. So there's small changes in my biodata.

Just don't list it at all if you don't wanna be lying to others.

Pepstar's an asshole! He's an asshole,what an asshole! Pepstar's an asshole! He's an asshole, such an asshole! Pepstar's an asshole! He's an asshole,what an asshole! Pepstar's an asshole! He's a real fucking asshole! Pepstar's an asshole! He's an asshole,what an asshole! Pepstar's an asshole! He's the worlds biggest asshole!

That being said... don't feed the retarded troll who is trying to present himself in a poorly planned facade.

please lock this thread.