From BO to IBD, kid gets fired on the first week.

Monkeys,

Wanted to share with you this story that happened at my company. Happened on a different team than I'm in in, but in the same building. Kid starts out in the back office and networks like hell to finally land an IBD role one year after graduation at a different firm.

From what I understood, the kid seemed more than capable of performing the job. Apparently over the past 5 months while in the back office at his previous job, he was a terrible employee, more focused on landing his next job than on doing his work. Lived in a secondary city so would miss a ton of work to got to NYC to network/interview. Well it finally caught up to him and his boss felt as if there were other kids who would be happy with a $50k job to do simple work, so the kid got fired, but lucky for his it was within two weeks of him starting his IBD job. Seemed like he had the last laugh.

Kid moves to NYC and starts his IBD job and all seems well, makes a good introduction to everyone on the team. Here is where things go very south...

Literally within 30 minutes of the kid starting his job Monday morning he logs on to his computer and gets set up. The very first thing the kid does is edit his email signature to add his name, analyst position, IBD group, name of the firm, etc. standard stuff. Then he goes on to send an email to the boss who had fired him and who they were on bad terms with. The email was completely blank in the body of the email and had no subject. Just a blank message to his old boss that had fired him, with his email signature clearly visible that he had started a coveted IBD job within weeks of getting fired from his back office gig in his secondary city: think Philly/Baltimore/Raleigh/ Boston etc... Kind of a passive aggressive FU.

That Friday HR calls him and asks him to come to their office. They have the email printed out right on the desk and they say that is by no means the way they want their firm represented by someone who just started there. He tries every excuse on the book and even says it was an accident that he emailed the old boss. An MD not from his group is in the office and sees right through him and says "we know exactly what you were trying to do. Your service is no longer needed at this firm. Security will escort you out of the building."

I saw the kid balling his eyes out as he walked out.

This is all the information I have, and it is the talk of the office.

Mod Note (Andy): top 50 posts of 2017, this one ranks #22 (based on # of silver bananas)

103 Comments
 

Classic. Never burn bridges or provoke people that have the ability to enact repercussions.

Cheer up, Bateman. What's the matter? No shiatsu this morning?
 

I'm calling BS here. First off how would a blank email set off any HR red flags- HR can read thousands of emails a day with much more questionable content and the first thing they call out is a BLANK email? Second, the kid could literally say he was sending his old boss his contact info and that is why the email was blank. It sounds incredible unlikely that a bank would fire a kid on a blank email on the assumption that he was rubbing it in his old bosses face without any concrete evidence.

 

His old boss probably sent it to his new boss, bankers do speak to each other you know. If you think this sounds "incredibly unlikely" then you're in for a treat when (and if) you start working in IB.

 

I'll admit the story sounds suspect due to the pure pettiness of it.

That said it is not unheard of to have a very granular monitoring system in place of all inbound/outbound emails and he very well may have violated some portion of his signed Acceptable Use Agreement. In the past I have deployed systems that would catch where folks would type 3's in place of E's and other variations of attempts to hide the intended content of the emails would and be stopped and routed to the applicable security team.

Get your facts first, then you can distort them as you please.
 

This story sounds suspect because of the sheer details.

The only person who would know all the details from start to finish (from not doing his job in his old job and alleged "we know exactly what you were trying to do. Your service is no longer needed at this firm. Security will escort you out of the building.") would be the guy who got fired - and I don't thinks he/she would tell that story.

People who may tell the story (his old boss, HR, security guard, new boss) would know the partial story, definitely not to the extent that is presented here.

Thus, I call this B.S.

 
Best Response

If you're going to do something like that, go all in passive aggressive. Send him an email thanking him profusely for teaching you so much and for supporting you in a way that made it possible to get to where you are, and say that if they ever need anything they should let you know.

 

^This right here is how you do it..although I would suggest not doing it all but some people can't stay away.

As long as I am doing better then I am feeling and I do it to prove them wrong.
 

To be fair, there wasn't anything on Wall Street Oasis that told him not to do that particular thing

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