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His bonus will make up for that.
Aren't bonuses performance-based? From what I hear, that is what provides an incentive for finance-types to fuck over everyone, including their own clients.
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A lot of the activities that take place on Wall Street are fairly harmless. Some might even be considered socially productive.
Yeah it's just the other activities like the occasional overleveraging that destabilizes the global financial markets and causes depressions. Or, leveraged buy-outs that fuck the rank and file of a company out of their contractually agreed upon pensions.
His logic is simple: The more he makes, the more good he can do. It may be his logic, but it's not mine. And it doesn't have to be yours, either. I believe "doing good" is something to be done all the time. If you wait until the time is right or the conditions are right or you have enough money or time or something else, you will probably never get around to doing good. And even if you do, how much good will not get…
How can you get into HFT without a degree from an elite school?
That said if you want to make 100k there's plenty of tech roles outside of HFT where you can make that amount.
Besides, the article sounds like some expensive Public Relation action from wallstreet companies. I guess they have hard time to find decent employees...
I am very suspicious of people who say they enter Wall Street to save the world. That said, I also believe most charity events are very economically inefficient. Rather than get a dozen musicians together for a discounted concert at a small concert hall, wouldn't it be more efficient to ask them all to donate one days worth of sales from performing at arenas? Rather than get a hundred bankers together for a $250/head…
I believe that what you are suggesting is what the first subject of the article is doing.
His logic is simple: The more he makes, the more good he can do. It may be his logic, but it's not mine. And it doesn't have to be yours, either. I believe "doing good" is something to be done all the time. If you wait until the time is right or the conditions are right or you have enough money or time or something else, you will probably never get around to doing good. And even if you do, how much good will not get…
Earlier quoted context omitted.
Yeah it's just the other activities like the occasional overleveraging that destabilizes the global financial markets and causes depressions. Or, leveraged buy-outs that fuck the rank and file of a company out of their contractually agreed upon pensions.
How much social harm is caused by buggy software? Was Windows 95 a "fuck the world" on the part of Microsoft's programmers?