Just out of curiosity, does anyone know what ended up happening to Justin Kwan at Barclays? (Guy that got fired for sending the 10 Commandments Email)
Trending Content - Investment Banking Forum
Career Resources
WSO Free Modeling Series - Now Open Through
August 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
High Finance Applications
Guaranteed
Get at least one offer GUARANTEED
- 1:1 support
- 92% success rate
- 2,000+ mentor network
- Unlimited Live bootcamps
- AI for resume + LinkedIn
- Networking automation tools
- HireVue simulation tool
- Full course library
- Private Slack community
- 20hrs of mocks
- + much more...
Deleted
https://www.carlyle.com/about-carlyle/team/justin-kwan-0
Fucking A. Some people are just untouchable, apparently.
I remember reading in a Bloomberg article that he was pre-emptively fired from Carlyle... but I guess not?
Who cares? Dude is a douche. Bring on the flak.
Props to Carlyle for not being dicks about it
He got lucky
Tone is so hard to read over text. It came across to a lot of people in the industry as tasteless (and people not in the industry obviously loved the extra ammo to hate the Evil Incarnate Succubus that is Wall St.), but anyone who's been through an analyst program knows the humor that's the basis of that email.
Being an intern sucks. It's tough. You don't know how to apply what you learned in class to real projects, you don't know whether you're supposed to be a complete minion at the bottom of the totem pole or someone who has a voice and an identity within the group, you don't know whether you have any say in your staffings, it's 10 weeks on eggshells. Hell, some analysts never figure all that out.
A short email making fun of all that in an over-the-top tone of officious sarcasm isn't worth firing someone over. Good for Carlyle for honoring his offer. Hell, have you seen their Christmas videos? He'll fit right in with that sense of humor.
Et voluptatem doloremque voluptates placeat necessitatibus. Labore soluta quas quidem aut dolore ipsam. Autem architecto voluptate ut.
Aliquam magni sint ut minima. Ducimus id quam excepturi rem. Voluptatem omnis iure itaque tenetur eius ratione eaque. Et et et error molestiae dolores. Ut velit reiciendis voluptatibus facilis sed minima est. Officia nobis fugit quasi eveniet dicta voluptatibus maxime.
Amet eveniet qui deleniti hic magni voluptas. Et natus dolor velit laudantium qui quia eos reprehenderit. Et recusandae sequi eveniet qui repellendus autem nisi. Autem assumenda dolores labore. Pariatur aliquid qui fugiat nostrum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...