Comments (26)

Feb 22, 2009

Where did you see this?

I looked up the firm (http://breakawaycap.com) and it says they've existed since 2007. Doesn't really look to me like a startup. Maybe a side project for senior guys to channel their own money through?

Feb 22, 2009
Feb 22, 2009

I posted that link above but evidently it doesn't show up when you put it between < > (probably interpreted as an html command). Anyway, as I said, hardly looks or sounds like a breakaway, and Warren Woo leaving would surely be somewhere in the financial press

Feb 22, 2009

warren woo no longer listed on moelis homepage either

Feb 22, 2009
moelis3756:

warren woo no longer listed on moelis homepage either

http://www.moelis.com/team/partners.php#warren
yup-- the page is mysteriously no longer there

Feb 22, 2009

ttran (//www.wallstreetoasis.com/user/10240) of this thread (//www.wallstreetoasis.com/forums/moelis-ny) claimed to know Warren Woo personally, maybe he could shed some light. Chance to prove himself at least

Feb 22, 2009

I quickly talked to a friend (Moelis analyst) and it appears to be true (conversation was only a few seconds, but something definitely happened w/ Woo)

Feb 22, 2009

i'm surprised it's not all over business news yet

Feb 22, 2009
youngmoney:

i'm surprised it's not all over business news yet

clearly, the WSJ is going to have to start visiting WSO if they want to get timely news...

still, something about this story doesn't smell right. probably not anywhere yet because nobody has "confirmed" it.

until we get a few more credible sources saying this is true I would still take it as a "strong rumor".

Feb 22, 2009

How much do you reckon Warren Woo is worth?

Feb 22, 2009

probably ~100mil

Feb 22, 2009

respek

Feb 22, 2009

What a befitting name for the new firm (breakaway cap). Cool.

Feb 22, 2009
Mez:

What a befitting name for the new firm (breakaway cap). Cool.

did you notice the one investment the firm has is in some hockey team? get it? hockey, breakaway?

Feb 22, 2009

I don't get it, why wouldn't this be in the press AT ALL? He has been off their website for at least a week based on google's cache

http://74.125.47.132/search?q=cache:0zwTJpUfIdQJ:w...

Feb 22, 2009

that Breakawaycap.com site looks like a joke...

Please help us get to 20,000 members by March 31st and win a free WSO shirt! http://www.printfection.com/wso-store http://www.wallstreetoasis.com/forums/march-to-200...shirt-contest
Invite People Here: http://www.wallstreetoasis.com/invite

Feb 22, 2009
WallStreetOasis.com:

that Breakawaycap.com site looks like a joke...

Please help us get to 20,000 members by March 31st and win a free WSO shirt! http://www.printfection.com/wso-store http://www.wallstreetoasis.com/forums/march-to-200...shirt-contest
Invite People Here: http://www.wallstreetoasis.com/invite

come on, you don't love Yahoo! Small business theme??!?!

I wonder if he actually left the firm, or if he's just no longer serving an active role (I only got to talk for a few seconds, so didn't really get any details)

Feb 22, 2009

drexelalum11, a breakaway in hockey is when an attacking forward penetrates the last line of defence and has a 1-on-1 vs. the opposing goalie.

Feb 22, 2009

Not sure why a fake firm would be set up, though it is certainly not a new firm and looks like someone copied his Moelis bio. The Forecheck Investments through which Woo invested in the Predator's is certainly legit though (http://www.tennessean.com/assets/pdf/DN112724713.PDF), and the purchase also seems like it stirred up some trouble with the NHL with regard to incomplete financial disclosure.

Everything on the page is verifiable except for the first paragraph, as they don't seem to have done any other investments.

Feb 22, 2009

Why anyone would invest in the Predators is beyond me. That is one money-losing operation...

Feb 22, 2009

What are the chances he was fired? Maybe out of embarrassment, he stated that he was leaving to work with Breakawaycap.com even though he's been with it for quite a while now.

Feb 23, 2009

Woo definitely quit. He hasn't been working here for a while even though the announcement was just made. I work at Moelis and know he was unhappy with the direction of the firm. Don't know what he's worth but he clearly doesn't need to work. All is not what you read or hear. People are very unhappy here. The three guys who run the firm are greedy and selfish. I think he had different expectations for the culture and vision of the firm. His new firm is just an investment vehicle, not a real firm.

Feb 23, 2009
bankerdude:

Woo definitely quit. He hasn't been working here for a while even though the announcement was just made. I work at Moelis and know he was unhappy with the direction of the firm. Don't know what he's worth but he clearly doesn't need to work. All is not what you read or hear. People are very unhappy here. The three guys who run the firm are greedy and selfish. I think he had different expectations for the culture and vision of the firm. His new firm is just an investment vehicle, not a real firm.

Very interesting.

Feb 24, 2009
bankerdude:

Woo definitely quit. He hasn't been working here for a while even though the announcement was just made. I work at Moelis and know he was unhappy with the direction of the firm. Don't know what he's worth but he clearly doesn't need to work. All is not what you read or hear. People are very unhappy here. The three guys who run the firm are greedy and selfish. I think he had different expectations for the culture and vision of the firm. His new firm is just an investment vehicle, not a real firm.

hmmm, although you may have been in the firm, i still may think he may have been fired...I've heard rumors and the senior guys are probably just passing off that explanation to lower-level employees (VPs & Associates). this guy is a hitter -- undoubtedly they would do everything in their power (read: bling bling) to keep him unless something crazy went down. "the direction of the firm" sounds like the typical cover-up line.

Feb 24, 2009
Comment
Feb 24, 2009