WSO Makes Dealbook

Guess WSO is getting more recognized than I thought:

http://dealbook.nytimes.com/2012/04/02/why-i-left…

Reading through the article, I'm not exactly sure how this is news. But um, yea, big congrats on the publicity.

 

Good for trailmix. The letter was not intended to be a news article. It was merely a post on an internet forum. It didn't say anything bad about GS, it simply explained his decision to leave, and didn't have any complaints in it.

Glad that The New York Times is giving us some attention. Hopefully people will come and visit and form their own opinions about bankers. But folks need to remember to be on their best behavior- and that this forum isn't quite as anonymous as you think. Any employer who sees Colorado, GS, and INSEAD is liable to realize that the person interviewing is that guy from the dealbook article. I've seen some really angry posts about Greg Smith, democrats, and many other issues and if OTHER posts had made the NYT, it probably would have come back to bite people.

As more college students from 2006/2007 become VPs and more established in industry, we can expect more links.

 
swagon:
IlliniProgrammer:
But folks need to remember to be on their best behavior
You said it mate. All the little WSO wankers need to cut out the bullox. Act like proper gents. Maybe it's just how you Americans behave, I don't know. We don't tolerate such shenanigans in ole London.
Partly that, partly that the website got formed by a bunch of college kids. Partly that rich Americans are used to getting what they want and being able to throw a tantrum when they don't. Partly that people assume there's more anonymity in these forums than they think without realizing that put together, Illinois CS grad, New York BB employee, hang gliding, and now MFin admit at a small school where they post everyones' resumes, is a pretty unique identifier.

Same with Colorado-> GS -> INSEAD. Good thing for trailmix that he generally demonstrates maturity on the forums. This is why, aside from a few joke posts where hopefully people realize I'm laughing with them- not at them, I try not to troll. (Search for BOFH)

 

The issue is not people acting like cocks anonymously, the issue is other websites jacking conversations without asking for approval. They probably don't have to and that is what is frightening.

This is a community and people argue. I've been pretty open about my history and have no issue with that within this space, but if people are going to be coming onto WSO, jacking select comments and throwing it on Dealbreaker I am donzo. Absolutely not worth having an argument misconstrued on a national mag.

Completely changes the dynamics of this site. Pretty sad also.

 
ANT:
The issue is not people acting like cocks anonymously, the issue is other websites jacking conversations without asking for approval. They probably don't have to and that is what is frightening.

This is a community and people argue. I've been pretty open about my history and have no issue with that within this space, but if people are going to be coming onto WSO, jacking select comments and throwing it on Dealbreaker I am donzo. Absolutely not worth having an argument misconstrued on a national mag.

Completely changes the dynamics of this site. Pretty sad also.

I agree that the risk here is pretty significant. For WSO to be able to function the way it needs to, people need to feel like they aren't constantly being watched. I like being able to give advice to people applying and interviewing at my firm but if that means outing where I work, I might have to rethink that.

Imagine 'Employee at XX bank said 'blah blah blah' on respected finance site WSO' without any regard to the general tenor and culture of the site or specific post.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
ANT:
The issue is not people acting like cocks anonymously, the issue is other websites jacking conversations without asking for approval. They probably don't have to and that is what is frightening.

This is a community and people argue. I've been pretty open about my history and have no issue with that within this space, but if people are going to be coming onto WSO, jacking select comments and throwing it on Dealbreaker I am donzo. Absolutely not worth having an argument misconstrued on a national mag.

Completely changes the dynamics of this site. Pretty sad also.

I have serious problems with them taking stuff out of context and doing a hatchet job on posters here, but if you make a post on the internet for the world to see, it's kinda fair game. Same with sending emails. Just ask various interns, analysts sending F U I Quit letters, and job applicants who've made dealbreaker.

I may or may not be guilty of trolling in some places. What tends to happen is somebody posts something that really pisses me off and I respond in kind. People need a place to vent, but an industry forum where you have real life friends probably isn't the A#1 place to post stuff you wouldn't say in person. A better place is probably on a political forum where people are calling Republicans villains and you have the opportunity to pretend to be Lex Luthor and show them what a real Republican villain looks like. :D

 
IlliniProgrammer:
ANT:
The issue is not people acting like cocks anonymously, the issue is other websites jacking conversations without asking for approval. They probably don't have to and that is what is frightening.

This is a community and people argue. I've been pretty open about my history and have no issue with that within this space, but if people are going to be coming onto WSO, jacking select comments and throwing it on Dealbreaker I am donzo. Absolutely not worth having an argument misconstrued on a national mag.

Completely changes the dynamics of this site. Pretty sad also.

I have serious problems with them taking stuff out of context and doing a hatchet job on posters here, but if you make a post on the internet for the world to see, it's kinda fair game. Same with sending emails. Just ask various interns, analysts sending F U I Quit letters, and job applicants who've made dealbreaker.

Agree. But taking something word for word doesn't mean it is not out of context. It is like someone ease dropping on a debate among friends who have discussed a point before. It doesn't give the full picture.

Regardless, this is the world we are living in. We have NYT stalking everything we said. No attempt to message the poster, ask for comments or consent.

 

Agree. Trailmix for example, while being very complimentary of his former employer, still could get crap because of the heightened level of awareness companies have regarding their online persona.

This blows. You cannot have a forum of pure information being given, because you won't be able to keep members past the break in stage. This site is a community where people mess around, argue, bitch, etc. To have the NYT watching us like a Predator drone and blowing people up without warning makes this site an EPIC liability.

 
Best Response

hey guys, not sure how this changes anything?

I know Kevin, the author of the piece (met him at one of our happy hours) and we've been in Dealbook several times before and I will guess that we will be in there again. If well known journalists start coming onto WSO and taking people's quotes out of context then that's another story, but I don't see that happening, do you?

I thought this was a harmless piece to point out that not everyone leaving Goldman has a poor view of the firm culture like Smith did. The OP remains anonymous and the point is made. Life goes on.

If anything about your past posts concerns you, we still allow all members to go to past posts and edit their submissions/content (of their own posts). Also, if you are concerned about remaining anonymous, you shoudl not disclose what firm you work at or only give advice on that particular firm. This has always been the case...most people choose to stay anonymous, others don't.

Thanks

 
WallStreetOasis.com:
hey guys, not sure how this changes anything?

I know Kevin, the author of the piece (met him at one of our happy hours) and we've been in Dealbook several times before and I will guess that we will be in there again. If well known journalists start coming onto WSO and taking people's quotes out of context then that's another story, but I don't see that happening, do you?

I thought this was a harmless piece to point out that not everyone leaving Goldman has a poor view of the firm culture like Smith did. The OP remains anonymous and the point is made. Life goes on.

If anything about your past posts concerns you, we still allow all members to go to past posts and edit their submissions/content (of their own posts). Also, if you are concerned about remaining anonymous, you shoudl not disclose what firm you work at or only give advice on that particular firm. This has always been the case...most people choose to stay anonymous, others don't.

Thanks

Of course there is nothing wrong in this case but that doesn't limit possible issues in the future. I'm sure Kevin is a great guy and all but he's not the only one writing. What if something happens at work and someone comes on WSO asking for advice on an ethical issue that then gets reported elsewhere? That could cause issues as well.

Its more of a cautionary tale than an actual concern but I will definitely be much more tactical in what I do and do not say from here on out, to include comments related to my bank.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

I don't think this should be an issue. Journalists don't care about entry-level folks for the most part and most people on this site that offer good advice aren't spewing a bunch of shit or creating a bunch of troll posts.

If journalists start taking quotes out of context and hunting down individuals by the little information they've given on this site, we can always start spamming/flaming (among other methods of retribution :) ) the articles and journalists that are doing it. The internet is a far more powerful tool for us than for a journalist.

Congrats on the Db mention Pat!

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

@Illini - I'd also have a problem if they took stuff out of context, but that isnt what happened here at all. Trailmix resigned and shared his story AND background because he wanted to share it. DEalbook/Kevin did not distort any facts, try to hunt down his id or try to take stuff out of context. If he did, I would have called him out on it or any other journalist trying to do that.

 

Journalists should need permission from WSO to use what we wrote on here. And as ANT said, people will be taking things out of context, spinning things to fit their own agenda, which could distort the original message written for individual post as well as misrepresent what we stand for as a community at WSO.

"I am the hero of the story. I don't need to be saved."
 
sxh6321:
Journalists should need permission from WSO to use what we wrote on here. And as ANT said, people will be taking things out of context, spinning things to fit their own agenda, which could distort the original message written for individual post as well as misrepresent what we stand for as a community at WSO.
It's the one silver lining of Patrick claiming full copyright over all of your posts. Having someone claiming copyright over your posts- and forcing folks to abide by fair use- at least adds an extra layer of difficulty to a hatchet job and allows for the threat of a copyright suit.
 
IlliniProgrammer:
sxh6321:
Journalists should need permission from WSO to use what we wrote on here. And as ANT said, people will be taking things out of context, spinning things to fit their own agenda, which could distort the original message written for individual post as well as misrepresent what we stand for as a community at WSO.
It's the one silver lining of Patrick claiming full copyright over all of your posts if you actually bothered to read the site agreement. Having someone claiming copyright over your posts- and forcing folks to abide by fair use- at least adds an extra layer of difficulty to a hatchet job and allows for the threat of a copyright suit.
Actually bothered to read? Dude chill the fuck out. I'm usually good with your advice as its sound but come on.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

@HPM - I agree 100%. I've always told people the internet makes the world VERY small. If you can't stand behind shit you say online then you shouldnt say them.

If you're giving helpful / honest advice and not bashing a former employer i don't think there is very much to report unless the journalist is grossly taking stuff out of context. and if they do that, then they are likely a shitty journalist anyways and won't be writing for a respected source.

Also, ANT, you do realize WSO has over 1 million visits/month, right? The people reading that one article on DealBook will be a fraction of the people that read the posts on WSO every day? WSO hasn't been a small insular community for a while now. We keep our users anonymous, but it is an open forum.

 
WallStreetOasis.com:
@HPM - I agree 100%. I've always told people the internet makes the world VERY small. If you can't stand behind shit you say online then you shouldnt say them..
Agreed.
If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

Official Internet Forum Rules:

Either be super anonymous and say whatever you want (within reason)

or

Put your information out there and don't say whatever you want


I've been able to be pretty active here because I try to not give away too much persona information. I just don't see much upside in it.

 

True. But here's the problem. On an industry website, it's just so natural to start giving your background. There will be discussions about how CDS's and corporate bonds work. Ok, so you worked in Corporate Bond Analytics for two years and decide that info is worth sharing.

Then you talk about undergrads and B-schools. Maybe that info is worth sharing.

And then we have WSO meetups. So you show up and now some of the regular posters know who you are.

Pretty soon, there's a paper trail out there that turns discovering your name into a game of clue.


Kevin won't try to dig up trailmix's identity, but Anonymous or some other organization just might for the right banker troll that makes the news. And heck, WE did it about a year back when a certain bucket shop spammed US. It's just human nature. When we spot someone anonymous who acts like a bully or is totally shameless about something, there is a human urge to figure out who they are and make them front page news.

And if one of your posts makes Dealbook, and it's nasty enough, people may try to out you. I'm not sure Kevin would do that, but the JPM 2006 interns made WSJ's heard on the street column when they created a website making fun of other firms, it happened to a certain female Citigroup intern who invited her fellow interns to a party at the Ritz and a "script" for getting in the door, it happened to a certain kid who faked a "You're Hired" email from "Bank of Ameria", and it could easily happen on an online forum. It also happened to a kid from Yale who claimed he could bench 1000 lbs.

And honestly, there may not be a lot the mods or Patrick can do when your post about being a hotshot MD at GS making douchetastic posts makes page six and you get outed as a sophomore at NYU by some hacker in the comments section. Or WORSE, you get outed as ACTUALLY being an MD at GS.

Google "Cliff Asness Dealbreaker Troll" He's the one name I'm going to use since he's a big boy, he survived, and I'm not being a bully for dropping his name. He trolled Dealbreaker, he got outed, it became an embarassment for him and his fund.

Don't be Cliff Asness. Please be nice. If you weren't aware that anyone and everyone can read your posts and possibly figure out who you are, you do now. If you want to troll, probably best to take it to a political forum and pretend to be a DMV employee with 500 motorists waiting in line for two hours while you blog. Probably best not to say stuff you wouldn't say in real life on WSO.

 

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