"F-You, I Quit!" Burning Bridge on Way Out
So in the "New York Post" today, there's an article about a sell-side analyst who uttered the aforementioned title -- "F*ck you, I quit" -- to his boss before pouring champagne all over the floor and leaving.
While it'll make for a cool story and all, is there any chance this guy's gonna get another job on Wall Street... or anywhere?
And has anyone else out there ever did anything close to this on their way out the door?
Life is long and the world is small. It feels good to get the last lick, but it doesn't add any value.
I've never burned a bridge, I have been brutally honest in an exit interview about certain individuals who helped make my decision to leave easier.
I did not give 2 weeks notice on one occasion when I was being treated poorly and got another offer; just said I quit, handed them my badge with a short resignation letter, and walked out the door never looking back.
Will this cat get another job on Wall Street, Likely. Will this electric ink archive on the internet haunt him forever? Yes.
How do you handle the quitting when talking to future interviewers? Did you get a bad recommendation from the boss you quit on without 2 weeks' notice?
This is a fable. The boss has close to zero say on future interviews. What happens at reputable shops is they will ask if they can contact former employers. All this check entails is confirming dates of employment and in some cases asking of notice was given. They will never call your former boss unless you specifically list them as a reference. If they did, and the former boss slandered your name, it could and would open the company to litigation. Unless your former boss and potential boss are friends talking over beers; it's unlikely that anything adverse will come of this.
Furthermore, I'm tired of thinking I need to kowtow to my employer. They can and do fire individuals on the spot without giving you 2 weeks notice. Why can't I act as an employee at will and do likewise?
Lol sure sounds like you’ve burned bridges.
I have heard of the “fear of slandering” philosophy, but is this the policy for Wall Street firms? And if so, I wonder if it’s the policy for most firms, in general, these days – – in the sense that it simply isn’t worth saying anything negative about former employees because of the potential liability.
Pretty pathetic of this guy to do all of this while no one was around. If you have something to say to your boss and want a big exit from your job, then at least don't be a bitch and do it in your bosses face.
Idiotic. Finance is a small world. I’ve had multiple jobs from past employer recommendations and informal background checks.
A fucking analyst doing this. Complete idiot. He will probably find another job, but I have zero doubt he will lose more than a few offers because of this stupid stunt.
Guys gonna have to lock down his info. I wonder who the dick friend is who told the post. Either way, his experience and background isn’t going to save him from this stupid act.
Its funny the first two things you get in the search results when you google this guy's name is a link to that NYP article and his LInkedIn page...
He already got an offer from another firm, this is why he quitted
It was to Jefferies, and it got rescinded.
Wait, was it really rescinded? I haven't seen that... If so, not surprised, but wow...
Everyone reading this please do yourselves a favor and look at Hoeingforyield's instagram story regarding this, it is ridiculously funny
Absolutely hysterical
This. Also, if you ever need an introduction into the industry let me know.
Dammit you beat me to it. #Legend
Let me know if you need an introduction to the industry
FRANCESCO PELLIGRINO STRIKES AGAIN
Echoing whoever said that off-the-record reference checks happen all the time. You think solid firms don't talk to other solid firms? Obviously, they are smart enough to avoid putting anything terribly controversial on paper.
Daniel Loeb once fired someone to avoid paying a bonus and then put the word out to other funds not to hire them. The walls have ears and the individual filed suit pretty quickly after learning what went on.
It's crazy to imagine that some former manager would really care what their former underling is doing unless they really are some vindictive pr1ck.
https://www.leagle.com/decision/2004896323fsupp2d5731847
As shown in the exact scenario you cited, some people really are super vindictive.
I'd say it's certainly very rare to have said managers be dumb enough to put it in all the e-mail traffic (as what happened in that case, and likely leads to fewer people doing that going forward).
anyone know how much the punitive damages awarded amounted to?
Wow, just read the complaint... fuckin’ billionaires.
Wow, is comp like this still the norm on 2018 Wall Street? Hundreds of thousands of dollars in annual bonuses to an analyst that, apparently, wasn’t that good? Or is that a different era of Wall Street that no longer exists? Also, sponsoring a foreign national analyst in addition to paying them obscene sums of money—that’s not still the norm, is it?
I quit my job without notice about a year ago. I finished my work for the day, sent a respectful resignation email around 1PM, and quietly walked out. I was slowly bringing my stuff home for about 3 weeks beforehand. I took with me a hard drive full of proprietary documents. I was contacted by their lawyer the next day. Long story short - I traded meeting with them and deleting everything (as if I did't have copies) for a non-disparagement agreement signed by the CFO. I don't intend to ever need it, but it's good to have. I was on a series of PIPs when I quit while being asked to train an India team how to do my job and had an exit plan. Made sense in my circumstance.
Smart — never realized you could have an employer agree to “non-disparaging agreement.”
You can do whatever the fuck you want in life. Just gotta figure out how.
I worked for 6 months right out of college at a risk consulting firm with a pretty toxic/meat grinder culture with crazy high turnover because of how bad management treated its employees. Luckily I was able to leverage my experience there to get an offer at a much better corp fin consulting firm but I was brutally honest in my exit interview (Didn't drop names though because I'm not a rat and the people at fault were leaving the firm soon too anyway).
Good to know Fear The Bulge is still alive
lol yes!
Should have done this, instead
https://thegrio.com/2018/05/17/angry-white-woman-defecates-on-floor-of-…
Is this some corny finance-bro-instagram meme?
The guy’s crazy to quit that way. That one moment is not worth the the bad press / social media.
Though, it looks like he’s not alone in hating his former firm: https://www.glassdoor.ca/Reviews/Employee-Review-Sidoti-and-Company-RVW…
Copied from a Glassdoor review:
The pure comedy that is Peter Sidoti. That is the great thing about working at Sidoti. Watching him scream at some poor soul for no reason whatsoever. Watching him get on the podium and throw a tantrum at how great he and his firm is and that nobody is paying for his "product". Watching him taking accounts away from his best sales guys who've been with him for 10 years because he decided they were doing to well for themselves. Watching the new guy who doesn't cover any stocks get a bonus double the size of yours. Watching Peter and Marie (CEO) just completely lie to your face or go back on their word time and time again. Hearing everyone's misery in the bathroom and kitchen. Hearing Peter declare his firm the small cap "axe on the street". Watching food fall out of Peter's mouth in a lunch meeting. Hearing managers tell you to get the hell out as fast as you can. Hearing Peter already lost a lot of that "hedge fund" money he was handling. Hearing the company failed its audit. Hearing bonuses were going to be smaller after Peter took money out of the firm to pay for Hurricane Sandy damage at his Fire Island home. Peter then telling everyone that he doesn't take a nickel out of the firm because he does this as a hobby (Uh huh). The manager who would rather step in front of a cab then you ask him a question about your company/report/model (Keep counting the miserable days to retiremen palt!). Hearing Peter was going to China to hear later he was having lap band surgery. Counting the amount of times Peter says "okay" or "in terms of where it is" in a meeting. Watching Peter's shirt grow increasingly patchy with sweat stains on a mild Spring day. It is literally hilarious to work at this firm the few and far between moments when you're not getting your balls broken. You have got to find the humor in the small, everyday things or else you'll want to blow your brains out.
Heavens
This firm also pays their ER analysts about 40k a year.
For the work that's required. I'd say he's justfied
Just going off the Glassdoor reviews, a number of reviewers noted that if there’s one thing this firm offers, it’s giving people that didn’t previously have exp in the space the chance to gain it. So this guy’s LinkedIn showed that he was on assurance at a big 4. Meaning, he probably joined wanting to shape his career more towards finance or research. So, if that was your goal - to gain credibility, use this as a stepping stone - quitting the way he did, after 3-4 years at the firm, is all for naught if you tarnish your rep. Why not just celebrate knowing you’re leaving that dumpster fire behind? Now the boss gets the last laugh, cause no one would blame him if he gives a bad off the record reference check. And he extracted a lot of cheap labor out of the guy, and the kid gets his offer rescinded (if the above point on Jefferies is true).
And to record it too... that shit’s gonna haunt you. Never mind a bad reference from the boss, this kid won’t even make it past the first page of google due diligence for any of his jobs going forwards.
He’s actually kind of lucky that he shares name with a professional athlete—that will help to muddy the google results a bit.
I've done something similar on more than one occasion. Didn't stop me from getting better jobs and I know the employer still gives positive performance reviews when new potential employers contact them (even though legally they aren't supposed to provide any information about performance).
kid went to a 2nd tier college and worked for peanuts for along time at this guys firm
he was nearing 30 years old and was maybe clearing 100k a year..if that.
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