Biggest work fuckup?
I fucked up really bad at work. Would appreciate any stories of others fucking up bad to make me feel better.
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Not yet my friend knocks on wood
What happened?
printed wrong name on client book - every single page in the bottom of each page. worse - it was a name of a close competitor
missed a travel meeting where I was the one carrying all the books
did no one look at the book before you changed all the client names? and what happened when you missed a meeting with the books? jesus
life went on.
Important lesson there. In the moment each of those felt like end-of-the-world type scenarios. Now years later it's nothing more than a silly / funny story.
To quote John Lennon - in the end, everything will be okay. And if it's not okay, it's not the end.
Wrong name is more common than you think. I've never seen it on every page but it happens a decent amount on the disclaimer pages with the small-font wall of text nobody reads. In the last two weeks I've seen this happen on two teasers and one CIM, I'm guessing due to how swamped juniors are right now. I usually shoot a note directly to the analyst to give them a heads up.
On behalf of all analysts in the world, I thank you.
Also, I've seen some CIMs from competitors that, instead of watermarking through PDF software or similar, write the name of the potential buyer in the footer of each page. I can only imagine how easy it is to mess up if you are blasting out 30-40-50 CIMs in the twelfth hour.
I had a typo in a footnote on pg. 37.
This might not sound like a fuck-up to you, but my VP swore that is why we lost the bake-off so clearly a game-changing mistake.
I fucked my VP as an intern... got fired.
worth it
VP guy or girl?
woman
Why'd you get fired for it tho
>partner
>certified god
Probably worst thing I've done in 2 years of banking was send out material to the wrong person, AKA someone who hadn't counter-signed NDA yet. The materials I had sent had the intended party's name printed over every page so it was clear who it was supposed to be.
Felt really stupid and bad at the time. Also have been late a few times to travel meetings where I was the one supposed to carry the books.
- Replied All with a note that was obviously supposed to be internal on a syndicate email
- Introduced the wrong company on a call when we had two deals doing prelim. DD calls at the same damn time. (Good laugh there)
- Put the wrong comp table in the wrong book.
- Sent out CIP when meant to send teaser to first 3 buyer targets.
Screw ups happen. Usually when you are stretched too thin and don't have time to do the right checks. Luckily I was (somehow) able to make it up high enough to know what to look for since I experienced enough myself, for better or worse. Don't beat yourself up over it. If you are good, no one is firing you over it.
At a closing dinner last year, I heard about a former classmate of mine from a PE firm. He was working on a deal that was about in the DD phase and was preparing to send out some white paper CDD report that was done by a consulting company. Instead of sending each individual buyer the report, he replied to everyone with all the signed release letters attached in the email, meaning that all potential buyers could see who was doing DD. I'm not sure how many bidders they lost on it, but the PE firm that we had dinner with pulled out of the deal, and supposedly, others did too.
I recently found out that he was fired, but for a completely unrelated topic.
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