The Information Centerview Article
https://www.theinformation.com/articles/disputes-…
Anyone got a subscription? Seems like CVP’s been in the spotlight more recently, and not necessarily for good reasons.
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Career Resources
Someone plz come in clutch lol
lazard guy is overjoyed to learn that other firms have stripper poles and a champaign room on every floor of their offices too 😂
Bump
.
Hilights:
1. Latest deal is representing a $20 million used car marketplace in a sale
2. 4 Male bankers were caught texting about a senior female banker needing to fornicate with senior bankers to get promoted
3. Huge messy lawsuit w Effron / Pruzan getting taken to the cleaners by Handler
4. New tech team from BAML sucks, not bringing in real deals, seems like huge mistake
5. Culture going by the wayside, analyst fired for logging off at 1am supposedly
6. Handler's firm Tidal took dozen(s) of bankers to build new firm, a sign the bank will lose lots of employees over time
Much more scandalous writings, too numerous to mention. Mentions $1 billion in revenue or more.
Can u copy paste?
i need you to give us the goods. theres another silver banana in it for you
.
Bump - can someone copy paste please?
Clear infraction of subscription rights. Not sure why behavior like this gets upvoted. Reported.
so I’m getting downvoted for reporting a criminal act?! WallStreetOasis.com blackbubble can we remove the comment and ban this guy
This you?
what subscription?
You must get invited to lots and lots of parties.
Maybe a silly idea, but I wouldn't be shocked if the healthcare / pharma team departs at some point to set up their own shop. I don't think there's another industry group that dominates a coverage area as heavily as CVP pharma - not to mention it's an incredibly active space with large deals.
Tokat is next in line. They're not leaving.
nah tokat is co-president wouldnt benefit him or analysts to leave. maybe a few years ago when Robinson dominated this could've happened
The summary was even better. But what a shitshow versus all the glory we read about.
Surprised everyone is taking victory laps here. I work at Centerview and want to provide some more context. TLDR is no one cares / is impacted by anything in this article and the firm is doing well.
Of the four mid-levels in California, three left to Tidal and the one who didn’t got fired. Says something about Tidal.
The analyst that got fired deserved it, unfortunately. She’s arguing she suddenly developed a condition that requires her to sleep 8 hours every day. This would cause her to consistently leave her team out to dry for deadlines. This is IB - she simply should choose another job - but she wants $$ and doesn’t mind making it public to do so.
Handler got screwed, but he also was very unsuccessful in expanding his coverage, while the firm became dominant in consumer and healthcare (and punches above its weight in fig, industrials, and rx) the tech team stayed being a worthless piece of shit and Handlers 7.5% equity stake was wildly inconsistent with the value he was providing (kissing Ciscos ass and not much else). All Partner contracts are now written agreements obviously. Menlo team is currently a sore spot for the firm as they are not productive yet.
Agree they let HR run way too lean for too long. Hopefully it is better now. Firm is way too big now.
Blair and Pruzan (less so) don’t care about the money. They have enough and know it. At this stage of their lives, they want to feel important. For Blair that means entrenching himself further in politics and for Pruzan that means running an increasingly important (high profile) firm because he genuinely has little brother syndrome lol.
Tokat and Kim and the hc services partners aren’t going anywhere in the next 10 years and I would bet my 3rd year bonus on it.
Do you believe Centerview will be going public anytime soon ?
--
JFC.
"Deserved to get fired" because they developed a medical condition that caused them to require a reasonable amount of sleep.
This is like UBS LA / Moelis or early day Lazard type shit. I can't believe people accept that and use the words good culture to describe such a toxic environment.
Next we're going to hear about throwing printers at analysts in a "polite" and "respectful' fashion.
i think you're confusing stupid reasoning for a refreshingly healthy perspective. Centerview analysts earn some laughable multiple of the median wage for their age cohort in exchange for a shitty quality of life. they're allowed to strike this bargain, even if it makes you shriek on the internet.
If someone truly can’t hold up their end of the deal, another person should have that opportunity. The reason why is irrelevant. After all, working at Centerview isn’t a human right.
Do you know which team brought in the FIS deal? I assume it wasn't Menlo tech?
Why do you call out the HC Services partners specifically what about them makes them likely to stick around or how have they been doing?
The HR function doesn’t seem that lean. 15 people for 600 employees but those 600 are all highly compensated and have far less issues that say…600 people making $60k each.
Thinking about some small ibanks and say…SaaS cos which are also high comp per head, the ratio seems perfect re HR:employee.
Dumb article lol
Man, this is crazy.
Who would have thought?
Dang!
How's the culture at Tidal?
Tidal is awesome. But working 120 hours a week is not great.
Also, why is C working on $20 million deals?
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