If you could work directly under one Wall Street Titan, who would it be?

From all-star banker Frank Quattrone, buyout magnate Henry Kravis, to hedge fund legend Steve Cohen - there are always people we aspire to be or in the least look up to. If you had the chance to choose ANY big names to work directly for, who would it be and why?

 

Lazard's Andre Meyer. Read about his work ethic and the the praise he received from David Rockefeller, the Kennedy family and others. This guy really knew his way with people and emphasized the importance of interpersonal relationships over finance. He said that if you knew important people, important people would want to know you. He was also mentor to Felix Rohatyn and pioneered the M&A market after World War 2. Meyer was French but he escaped France when World War 2 started and moved to the US where he stayed even after the war

 

For sure Seth Klarman - love his investment style and I don't need the attention/press (looking at you Ackman), just want that $$$. Guys like Klarman don't get nearly the respect they deserve on WSO, guess he would like it that way though.

"Some things are believed because they are demonstrably true. But many other things are believed simply because they have been asserted repeatedly—and repetition has been accepted as a substitute for evidence." - Thomas Sowell
 

You mean allegedly run a Ponzi-like scheme following risky short positions blowing up at your fund and, when discovered, raid your current company coffers to pay-off former investors who lost their money?

Or the part where he acquired a 60-year old drug that didn't have an AB-generic in the US because it wasn't economically-attractive to develop it given the previous branded price of the drug and small market size, then closed-off its distribution and jacked the price up by 4,000% overnight because he could, interrupting both patient access and generic manufacturer access to API while the entire industry reeled in response?

 

I look up to Ackman as an investor and corporate titan but maybe not a hedge fund manager. He takes incredible amount of risks and large concentrated bets. He's largely driven by his desire to prove himself right (as in case of HLF) and he is a very insightful business man... but to try to prove yourself with other people's money like that - not very appetizing for institutional investors. If he was running a family fund or doing these corporate battles with his own money like Carl Icahn, it'd be more fitting. Activist HF managers are certainly one of a kind.

 

Dimon is so cool and charming and witty in real life that it makes me uncomfortable. You don't get to that level without being something of an egotistical kineving douche. I just know i'm probably being played by that charming bastard.

Same goes for a lot of the finance titans I've met.

Lloyd Blankfein, amazingly enough, just seems like such a down-to-earth lovely person its crazy. It made me feel bad about myself lol

 

I actually have not. Just love that the guy was a trader at heart. I read an article on him at one point and found him incredibly interesting. I am not a fan of market downturns but calling one accurately and coming out on top seems like the definition of having it mastered.

Only two sources I trust, Glenn Beck and singing woodland creatures.
 

I've read that book a while back! Really good read - one of the most compelling stories and great history on how the stock exchange worked. He was a Gatsby of sorts and really characterized Wall Street in the early 1900s. From running away from his parent's to becoming one of the richest in america to his suicide - it was all like a movie.

 

John Paulson - I think we would get along

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

i bet schwarzman is absolutely hysterical if you know him personally. Would love to work for him and hear about his outlook on things.

 

Mitt Romney - Bain Cap has always been a uniquely innovative maverick of a firm and Romney's management style and success across a variety of different management activities (whether it was saving Bain & Co from bankruptcy or saving the Salt Lake olympics) would offer a great opportunity to learn how to work hard and consistently.

Also in terms of current execs - My man Lloyd is offensively underrepresented on here. Schwartzman, Dalio, Dimon, and others are all good picks but Lloyd Blankfein is as tough and smart as Jamie Dimon and masterfully led Goldman through the purge, actually taking advantage of the chaos to further GS' hold of the top spot on the street.

 

Another one I would mention since this is hypothetical.... Paul Singer has been in some absolutely crazy situations with buying countries sovereign debt and then forcing them to repay through the legal system.

A lot of people refer to him as a vulture capitalist, they even name dropped him in an episode of Billions.

I've heard stories of him seizing dictators planes and trying to detain shipping vessels to get his payment faster haha.

 
camerashy1:
Another one I would mention since this is hypothetical.... Paul Singer has been in some absolutely crazy situations with buying countries sovereign debt and then forcing them to repay through the legal system.

A lot of people refer to him as a vulture capitalist, they even name dropped him in an episode of Billions.

I've heard stories of him seizing dictators planes and trying to detain shipping vessels to get his payment faster haha.

This. So many names but Paul Singer is a bulldog who doesn't fuck around, doesn't care for emotions, and is purely driven by making money.

What he did to Argentina was fantastic. You can't borrow money, spend it like a drunken sailor, and then complain when you can't make payments that life is unfair.

Wish he would do this to Greece, Nigeria, etc.

 

Jimmy Lee (RIP) - One of Dimon's right-hand men and a dealmaking machine. He's instrumental in developing their capital markets division (DCM and ECM) and orchestrating the LBO boom in the early 2000s, engineering a fundamental shift from junk bond financing to syndicated loans.

Michael Milken - King of junk bond financing and fueler of the 1980s LBO boom. He financed corporate raiders like Icahn and Pickens. He's currently serving a lifetime ban from the securities industry, so not sure I would aspire to work for him.

 

Stephen Schwarzmann

Oh wait....

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."
 

Ralph Eads at Jefferies' Energy group in Houston. The group has been built into the most dominant shop for Upstream A&D and a strong Midstream business is being built out. Eads also financially engineered the financing necessary for the shale revolution in its infancy.

 

Dan Loeb would be one hell of a pen pal...

Surprised no one has mentioned Joe Perella... Seems like somebody who could actually be a great mentor/an honest person to work for. Also built out one of the first M&A departments in the 80's with Wasserstein during one of the more interesting times in the business.

Also, no one mentioned Michael Milken.

 

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Matthew H. Greene Senior Vice President, Corporate Recruitment & Talent Acquisition Bostonian Capital Management Company MA: 617 419 3295 / CT: 860 249 0791 / NYC: 917 210 3029 [email protected] WWW.BOSTCAPITALMGT.COM
 

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"When you stop striving for perfection, you might as well be dead."
 

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