From BO to IBD, kid gets fired on the first week.

Rank: Neanderthal | 3,190

Monkeys,

Wanted to share with you this story that happened at my company. Happened on a different team than I'm in in, but in the same building. Kid starts out in the back office and networks like hell to finally land an IBD role one year after graduation at a different firm.

From what I understood, the kid seemed more than capable of performing the job. Apparently over the past 5 months while in the back office at his previous job, he was a terrible employee, more focused on landing his next job than on doing his work. Lived in a secondary city so would miss a ton of work to got to NYC to network/interview. Well it finally caught up to him and his boss felt as if there were other kids who would be happy with a $50k job to do simple work, so the kid got fired, but lucky for his it was within two weeks of him starting his IBD job. Seemed like he had the last laugh.

Kid moves to NYC and starts his IBD job and all seems well, makes a good introduction to everyone on the team. Here is where things go very south...

Literally within 30 minutes of the kid starting his job Monday morning he logs on to his computer and gets set up. The very first thing the kid does is edit his email signature to add his name, analyst position, IBD group, name of the firm, etc. standard stuff. Then he goes on to send an email to the boss who had fired him and who they were on bad terms with. The email was completely blank in the body of the email and had no subject. Just a blank message to his old boss that had fired him, with his email signature clearly visible that he had started a coveted IBD job within weeks of getting fired from his back office gig in his secondary city: think Philly/Baltimore/Raleigh/ Boston etc... Kind of a passive aggressive FU.

That Friday HR calls him and asks him to come to their office. They have the email printed out right on the desk and they say that is by no means the way they want their firm represented by someone who just started there. He tries every excuse on the book and even says it was an accident that he emailed the old boss. An MD not from his group is in the office and sees right through him and says "we know exactly what you were trying to do. Your service is no longer needed at this firm. Security will escort you out of the building."

I saw the kid balling his eyes out as he walked out.

This is all the information I have, and it is the talk of the office.

Mod Note (Andy): top 50 posts of 2017, this one ranks #22 (based on # of silver bananas)

Comments (102)

 
May 31,2017

God damn.. definitely a lesson to be learned here lmao

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May 31,2017

Classic. Never burn bridges or provoke people that have the ability to enact repercussions.

Cheer up, Bateman. What's the matter? No shiatsu this morning?

 
May 31,2017

This had nothing to do with burning a bridge or an old employer / person that could impact them. He got fired for what he did at his new job with his passive/aggressive bragging.

 
Jun 30,2017

This email was most likely brought to the attention of the firm by his old boss.

Chicka chicka yeah!

 
Jun 30,2017

Or maybe the fact that he was fired and not laid off as part of cost-cutting/did not voluntarily resign from his old job?

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

 
May 31,2017

I'm calling BS here. First off how would a blank email set off any HR red flags- HR can read thousands of emails a day with much more questionable content and the first thing they call out is a BLANK email? Second, the kid could literally say he was sending his old boss his contact info and that is why the email was blank. It sounds incredible unlikely that a bank would fire a kid on a blank email on the assumption that he was rubbing it in his old bosses face without any concrete evidence.

 
May 31,2017

His old boss probably sent it to his new boss, bankers do speak to each other you know. If you think this sounds "incredibly unlikely" then you're in for a treat when (and if) you start working in IB.

 
May 31,2017

The world is extremely small - some people learn that fact the hard way.

 
May 31,2017

Story seems possible at least. Firms definitely review email going to external recipients, especially competitors. Getting fired over it seems aggressive, but possible. Maybe the MD didn't like his bs excuses. Either way, if true, that sucks for him.

 
May 31,2017

I'll admit the story sounds suspect due to the pure pettiness of it.

That said it is not unheard of to have a very granular monitoring system in place of all inbound/outbound emails and he very well may have violated some portion of his signed Acceptable Use Agreement. In the past I have deployed systems that would catch where folks would type 3's in place of E's and other variations of attempts to hide the intended content of the emails would and be stopped and routed to the applicable security team.

Get your facts first, then you can distort them as you please.

 
May 31,2017

This story sounds suspect because of the sheer details.

The only person who would know all the details from start to finish (from not doing his job in his old job and alleged "we know exactly what you were trying to do. Your service is no longer needed at this firm. Security will escort you out of the building.") would be the guy who got fired - and I don't thinks he/she would tell that story.

People who may tell the story (his old boss, HR, security guard, new boss) would know the partial story, definitely not to the extent that is presented here.

Thus, I call this B.S.

 
May 31,2017

Not necessarily at all. Old boss, having gotten the email, could send an email to HR or a banker he knows at the kid's new firm detailing his experience with the kid and how he seems to be rubbing it in their face. HR/the new MD being informed, they realize he's a little shit and fire him. And said MD/HR could have simply told the story to colleagues. People in finance, especially bankers talk brih it's very reasonable

 
May 31,2017

No one mentioned the fact that this kid probably got his new position, based in part, on experience from his last position...which, at the time, probably did not include the fact of his being fired. Lying on the application or not updating your facts is almost always a "fireable" offense.

 
May 31,2017

The OP said he works at the same bank as the kid, I'm sure they talked or the kid told some people from his group what happened and word spread like it always does. Quit being dramatic.

 
May 31,2017

I believe the story. The old boss could have known someone at the new firm very well and decided to forward the email to their friend who then escalated it to HR.

There is no pettiness. We don't know the details of his interactions with HR. What if he told them on his application that he was a current employee at the prior firm and led everyone on to believe he was in good standing. Getting fired from your previous firm is something HR would want to know about. He probably signed something that said he certified all information was true and then it changed last minute before being employed. HR could have said he lied to them and is grounds for getting fired.

Array

 
May 31,2017

If he started his role two weeks later he likely already had his offer so his application would be correct as of the time it was submitted.

 
May 31,2017
 
Jun 30,2017

Depends on the size of the firm. At small firms news travels fast. Last time someone was fired at my place, we knew the full details within days.

Chicka chicka yeah!

 
May 31,2017
  1. Old Boss receives email, gets the idea.
  2. The contact information for analyst's new employer is the ENTIRE email, right there, conveniently enough.
  3. So the Old Boss calls or emails the phone number or email address that are RIGHT THERE--he doesn't even need to open up a new tab--and says "Hey, I just received this email. You know we fired him, right? Surely he told you that..." and proceeds to lay out the reasons the analyst got fired.

Is that so hard to piece together?

"A modest man, with much to be modest about"

 
May 31,2017

What the hell was he thinking, emailing the old boss from his new job, come on where is your common sense. He should of used his phone.

 
May 31,2017

Play stupid games, win stupid prizes.

 
May 31,2017

Definitely borrowing this phrase for the future

 
May 31,2017

R u matthew mcconaughey?

Bravo.

 
May 31,2017

It's petty on both sides but I guess you get what you dish. He represented poor character and might do something shitty later.

"Loser terrorists" & "bad hombres"

"Typical candidates are those who attended a top-tier academic institution"
-Most job applications

 
May 31,2017

Definitely wasn't smart. Especially, since the job was post-grad and the old boss will certainly be contacted as part of background checks for larger firms.

 
Best Response
May 31,2017

If you're going to do something like that, go all in passive aggressive. Send him an email thanking him profusely for teaching you so much and for supporting you in a way that made it possible to get to where you are, and say that if they ever need anything they should let you know.

 
May 31,2017

^This right here is how you do it..although I would suggest not doing it all but some people can't stay away.

As long as I am doing better then I am feeling and I do it to prove them wrong.

 
May 31,2017
Attack_Chihuahua:

If you're going to do something like that, go all in passive aggressive. Send him an email thanking him profusely for teaching you so much and for supporting you in a way that made it possible to get to where you are, and say that if you ever need anything they should let you know.

If only I could give you more bananas

 
May 31,2017
Attack_Chihuahua:

If you're going to do something like that, go all in passive aggressive. Send him an email thanking him profusely for teaching you so much and for supporting you in a way that made it possible to get to where you are, and say that if they ever need anything they should let you know.

This is amazing.

 
May 31,2017

SB because this is gold.

 
May 31,2017
Attack_Chihuahua:

If you're going to do something like that, go all in passive aggressive. Send him an email thanking him profusely for teaching you so much and for supporting you in a way that made it possible to get to where you are, and say that if they ever need anything they should let you know.

Oh man I wish I would have thought of that when I moved a year ago from a jerky boss to a better company. That is awesome.

 
May 31,2017
 
May 31,2017
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7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

 
 
May 31,2017

wow, if this is true. just wow.

 
May 31,2017

On the extremely unlikely case that this actually happened, the most likely scenario is that the MD heard about him being fired/poor performance in his previous role.

 
May 31,2017

how many times do we have to say "NEVER BURN BRIDGES"

what an idiot

 
May 31,2017

what?

the backoffice MD won't have any business talking to MD in FO? What the fuck could he say? "HEY MAN YOUR NEW HIRE SENT A BLANK EMAIL TO ME, IM FUCKING OFFENDED"

if they fired him for this, probably wrongful termination suit (yes yes i know its employment at will and likely settle out of court if this actually happened)

tl;dr this didnt happen

 
May 31,2017

If it happened the BO MD probably told the FO MD that the kid was a fuckoff that got fired.

Cheer up, Bateman. What's the matter? No shiatsu this morning?

 
May 31,2017

They are two separate banks. You don't think the BO MD has contacts at the second bank or at least emailed HR?

Awesome story. Hope it's true, haha.

 
May 31,2017
Sil:

They are two separate banks. You don't think the BO MD has contacts at the second bank or at least emailed HR?

Awesome story. Hope it's true, haha.

if he was fired, its because he lied about his situation with bank #1 (fired vs still employed, etc)

put yourself in the BO MD's shoes and try to get an ANALYST fired at another bank from a blank email

 
May 31,2017
Whiskey5:

if he was fired, its because he lied about his situation with bank #1 (fired vs still employed, etc)

put yourself in the BO MD's shoes and try to get an ANALYST fired at another bank from a blank email

This is the most coherent comment ITT. I'd estimate approximately a 0% chance that he got fired because of a blank email with a signature

 
May 31,2017

Well, you can't discount that the back office MD had friends at the this bank and also emailed HR, then this situation becomes far more difficult for the new MD to ignore. Very fair

And can guarantee at the MD level 90% of these guys aren't prestige whores thinking 'back office' and 'front office'; it's just old school respect to see someone who rose to a solid position and has insight on a kid you've hired for a very important job dealing with billions of dollars on the line

 
May 31,2017

.

Ugh the FBI still quotes the Dow...
-Matt Levine

 
May 31,2017
Whiskey5:

what?

the backoffice MD won't have any business talking to MD in FO? What the fuck could he say? "HEY MAN YOUR NEW HIRE SENT A BLANK EMAIL TO ME, IM FUCKING OFFENDED"

if they fired him for this, probably wrongful termination suit (yes yes i know its employment at will and likely settle out of court if this actually happened)

tl;dr this didnt happen

Now that you mention it...

"Loser terrorists" & "bad hombres"

"Typical candidates are those who attended a top-tier academic institution"
-Most job applications

 
May 31,2017

EXACTLY. There's a reason why most firms will only verify employment dates and titles when other firms are doing reference checks. No way old MD sticks his nose in another firm's business, that's a lawsuit waiting to happen, and no way new firm acts on it, for the same reason.

 
May 31,2017

Yeah, well he's a dbag.

"Elections are a futures market for stolen property"

 
May 31,2017
Esuric:

Yeah, well he's a dbag.

Probably because hes in BO

 
May 31,2017

thought of this douche when he said he fixed his signature to include the group he's in

https://www.linkedin.com/in/davidobia

 
Jun 30,2017

Damn, you just threw that David dude deep under the bus.

 
May 31,2017

Haha wow I've actually stumbled on to that kid's LinkedIn before. GS TMT is super impressive and seems like he killed it while in Ross. The fact that he's a minority obviously helps, but that video is fucking cringeworthy on top of him writing in third person. Is there a backstory to this kid that caused you to share his LinkedIn? I don't know him and didn't know if there were stories about him.

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

 
May 31,2017

I've got surprisingly large number of mutual connections with him.

 
May 31,2017

Now that dude's just gonna get a boner from getting linkedin views. I regret clicking that link

 
May 31,2017

He graduated magma cum laude @Frankquattrone"

 
Jun 30,2017

Haha, true. You ran him down the bus.

But judging from the whole vibe of the video, it seems this guy was into it more for his friend to capture a "unique" story (perhaps the only investment banker he knew). But yeah, he should've cut down on the self-aggrandizement.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

 
May 31,2017

Hey can you change your name/account. Every time I see you on here I just think, this is the guy who argued for days on WSO that efficient market hypothesis is true and I can't take anything you say seriously.

Guess Buffet, Klarman and Greg Alexander are just a bunch of lucky bumblefucks

 
May 31,2017

Yep this fucker worked for me in BO. I told him ops is a stain you can never take off, motherfucker.

 
May 31,2017

Username is God-tier

 
May 31,2017

Which bank is this? Just curious, this won't give anyone away lol

 
May 31,2017
 
May 31,2017

I work at a non bulge bracket, yet still respectable European/Asian Bank. Along the lines of Soc Gen/Mizuho/BNP/ etc.

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

 
May 31,2017

And the kid came from BB Ops, to our second tier international IBD.

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

 
May 31,2017

Our office is heavily influenced by the firm's native HQ country's culture, yet all parties involved were white Americans.

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

 
May 31,2017

None of those banks are respectable in any product? Maybe dumb balance sheet lending

Ugh the FBI still quotes the Dow...
-Matt Levine

 
May 31,2017

whatever, my hours aren't too bad and they pay street. I'll be up to $125k base in a couple years when I get the A to A promote.

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

 
May 31,2017
therealgekko:

Which bank is this? Just curious, this won't give anyone away lol

Baltimore BO = Morgan Stanley

Ugh the FBI still quotes the Dow...
-Matt Levine

 
May 31,2017

While burning bridges like that is stupid as hell, that shit is straight up slander/libel. I'd sue, guns blazing, punitive damages and all.

 
May 31,2017

Damn guess he didn't get the last laugh

What concert costs 45 cents? 50 Cent feat. Nickelback.

 
May 31,2017

Guess he then went home and sent his old boss an email from his personal begging for his old job back.

 
May 31,2017

If this didn't happen, great life lesson.

If it did happen, he is a wanker.

'I'm jacked... JACKED TO THE TITS!!'

 
May 31,2017

To be fair, there wasn't anything on Wall Street Oasis that told him not to do that particular thing

Make Idaho a Semi-Target Again 2016
Not an alumnus of Idaho

 
May 31,2017

"First week analyst: I have a meeting with HR about sullying the firm's name with passive aggressive emails. How many times per minute can I blink in the meeting without getting fired??"

 
May 31,2017

Between 6 and 12. 13 is the unlucky number.

Cheer up, Bateman. What's the matter? No shiatsu this morning?

 
May 31,2017

do you have relevant comps to back that spread

Make Idaho a Semi-Target Again 2016
Not an alumnus of Idaho

 
May 31,2017

This site wasn't designed to instruct people on how to apply common sense.

Absolute truths don't exist... celebrated opinions do.

 
May 31,2017

This site wasn't designed for mildly amusing comments to get more banana points than ones that actually contribute useful information, but alas, here we are :P

Make Idaho a Semi-Target Again 2016
Not an alumnus of Idaho

 
May 31,2017

I contribute....sometimes :)

Check my history bro, you'll see don't care bout bananas. Although I do love dishing out MS and watch people cry about virtual points you can't even spend.

Absolute truths don't exist... celebrated opinions do.

 
May 31,2017

Well you can buy 10 wso credits for $2.99, so I'm worth a whole $105.25. Tell me again how they don't matter

Make Idaho a Semi-Target Again 2016
Not an alumnus of Idaho

 
May 31,2017

I'm not worthy

Absolute truths don't exist... celebrated opinions do.

 
Jun 30,2017
idaho:

Well you can buy 10 wso credits for $2.99, so I'm worth a whole $105.25. Tell me again how they don't matter

If only Patrick @WallStreetOasis.com would allow us to redeem our SBs for cash, I would've had some nice pocket change. And TNA and BTB would be millionaires, while also being at each others' throats.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

 
Jun 30,2017

Shower thought: It would be interesting to know how much money each user has gotten WSO in ad revenue

Make Idaho a Semi-Target Again 2016
Not an alumnus of Idaho

 
May 31,2017

There is this thing called LIFE....it tends to come at you fast. Sheesh.

 
May 31,2017

This story sounds like it should start "Dear Penthouse Forum, you wont believe what just happened." Sounds suspect.

 
May 31,2017

Kid probably got fired for supporting Obozo, Cunton or that nutty ass old communist...

 
May 31,2017

This is WSO, not the Breitbart comment section. I understand you think "Obozo" is a hilarious and original name, but there's really no need to bring it up in completely unrelated posts.

 
May 31,2017

I hope the kid gets his own.

Fucking petty fuckers.

 
May 31,2017

Why did it take until Friday?

But in all seriousness, a very important reminder on the importance of maintaining the semblance of humility. And to never put anything in writing unless otherwise entirely necessary...

 
May 31,2017

Can EVERYONE here give me silver bananas for no reason? THANKS!

 
Jun 30,2017

Here, have an SB on me and pay me lat-.....oops!!

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

 
May 31,2017

Also while all fun to silently be entertained by office drama not involving you, this incident has put all us fellow analysts "on notice." No more funny stupid shit has been going on around the office and it has lowered morale and heightened insecurity a bit. And while I work for a non BB international bank and am just happy to be finally in the front office and making six figures, I know what we're not... Something that the higher ups may not be so aware of and might cause them to have "little guy syndrome" amongst other bankers at other firms, which may or may not have a negative affect on the junior guys, just a guess I'm saying. Although some of the associates have called this an isolated incident, it's caused some of us to act more straight edge. Do the more senior guys on this forum think that this should change the way we behave at work?

We're not lawyers. We're investment bankers. We didn't go to Harvard. We Went to Wharton!

 
May 31,2017

I'm junior but it's definitely a two way street.

 
May 31,2017

So, here are the things I thought normally set off HR's email radar;

  • Swearing
  • Sending attachments outside of email domain without approval (e.g. information protection)
  • Excessive links/hyperlinks
  • Flagged keywords. Typically client names/sensitive issues

Not saying this didn't happen, but HR doesn't comb emails. They simply do not have the time. If this actually happened, it is likely the old boss forwarded the email to HR. But even then, HR would do an investigation (something that takes longer than the time period the story suggests) before pulling in the employee/management.

 
Jun 30,2017

Or the fact that he did not disclose that he was fired.... I mean, WHY ISN'T ANYONE NOTICING THAT?!!
The email was just fuel to the fire. The main cause of termination would be the omission. Now mostly this wouldn't have popped up as a biggie issue, but then the idiot decided to remind his old boss to snitch about him.

GoldenCinderblock: "I keep spending all my money on exotic fish so my armor sucks. Is it possible to romance multiple females? I got with the blue chick so far but I am also interested in the electronic chick and the face mask chick."

 
May 31,2017

26 Broadway
where's your sense of humor?