Is Guggenheim Dying?
Another executive (brother of CEO/Head of HR) is leaving the company.
This comes a month after the former head of institutional client relations (Alexandra Court) left the firm after a year-long sabbatical. She also had controversial personal ties to the CEO.
Last August they agreed to pay their chief investment officer for fixed income $30 million to settle a discrimination claim.
Last February they agreed to a settlement with a portfolio manager who resigned after an investigation into his conduct unrelated to his work duties.
Do all firms have this much bad press? Or is Guggenheim rotting from the inside out?
Gugg is definitely not dying. In fact, their IB group has grown a lot recently. I spoke with a friend who is there now, and their SA class went from 20 interns two years ago, to 35 interns last year, and 50 interns this year. They have been on some very high-profile deals the past couple of years, and have established themselves (in my opinion) as a well-respected boutique.
With respect to their culture, I think those examples you list are one-off instances and not commonplace. At least amongst their junior folks, there seems to be a very positive culture (collegial, hard-working, not a sweatshop mentality).
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