Investment Banks as Fast Food Chains
Bored waiting for a covid test. Honestly surprised we haven't done this yet. EBs (Chick fil A, Shake Shack, Five Guys) vs BBs (McDonalds, Burger King, Papa Johns)
Anyways, here goes nothing:
Universally heralded as the most prestigious, the best player in the industry. They have been dominating for decades. This firm has avoided pitfalls that severely damaged close competitors (financial crisis, health-conscious millennials).
Morgan Stanley/Burger King:
Widely known as #2 in the industry, but think they are #1.
Papa John/Deutsche Bank:
Once a well-respected name in the industry, a series of scandals coupled with severe mismanagement have led to a considerable decline in this firm's reputation.
Chick fil A/Centerview:
A small but highly focused team, this shop is known for paying their employees significantly above market rate.
Shake Shack/PJT Partners:
While most boutiques are best known for their burger (M&A) practices, this up and coming player is widely respected for their innovative shakes (restructuring.)
Started as a niche chain, this firm has grown into a giant of the industry with comparable scale to industry stalwarts like McDonald's and Burger King (Goldman Sachs & Morgan Stanley.)
I'll add more when I get back to my apartment.
Just got back! Ok here are a few more. Gonna do some work and then I'm down to do more if people are interested :)
California based boutique known for extreme quality. Has chosen not to go public so as to not compromise quality or customer consistency in pursuit of excessive growth. Best in class within its niche (burgers/TMT.) Pays significantly more than peer firms.
A middling firm in the mid 2000's, aggressive M&A activity (sale of red lobster/acquisition of Bank One) led to a series of management changes and boardroom battles. Eventually, a strong leader emerged with the competence necessary to fix endemic issues within the firm (Starboard Value/Jamie Dimon.) A decade later, and the company is considered one of, if not the best, run company in the industry.
Originally founded in the United States (Lehman Brothers/Bloomington, Indiana), this shop fell upon hard times due to mismanagement. The firm's IP and licenses were bought out by a British competitor in a fire sale (J. Lyons and Co./Barclays) and the brand caught on in the UK. Nowadays, most people forget the company's US origins and applaud the company for being one of the only European firms able to compete in the US market.