Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Sergey Aleynikov Loses in Goldman Fight Over Fees

bloomberg.com

Post reply on HN
Print view View original

11–20 of 50 posts

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#11

Post by jrockway »

spindritf wrote: post #2

They're all vice presidents there? American Psycho is becoming truer every day. the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote. Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usu…

Standard investment bank titles. At BofA, where I worked, the progression was Officer -> Assistant VP -> VP -> Director -> Managing Director.

In the software world, this is something like SWE II, SWE III, Senior SWE, Staff SWE, Senior Staff SWE. The titles in the software world don't make much sense either.

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#12

Post by mcpherrinm »

spindritf wrote: post #2

They're all vice presidents there? American Psycho is becoming truer every day. the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote. Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usu…

American Psycho's use of VP was a reflection of the existing banking culture: It is not becoming truer; it already was.

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#13

Post by Cookingboy »

jrockway wrote: post #11
spindritf wrote: post #2

They're all vice presidents there? American Psycho is becoming truer every day. the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote. Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usu…

Standard investment bank titles. At BofA, where I worked, the progression was Officer -> Assistant VP -> VP -> Director -> Managing Director. In the software world, this is something like SWE II, SWE III, Senior SWE, Staff SWE, Senior Staff SWE. The titles in the software world don't make much sense either.

You don't happen to work for Google do you? ;)

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#14

Post by ianstallings »

Goddam the links on that article are annoying. None of them are sources, just links to general "topics" under bloomberg. Completely confusing.

Read this instead: http://en.wikipedia.org/wiki/Sergey_Aleynikov

That being said, this just shows how much power Goldman wields with the establishment and it was kind of a scary insight into their recorded weirdness. Basically they just said to the FBI that he stole the source code and he could possibly use the code to manipulate markets. This is a guy that writes the code to manipulate markets, but then he was a criminal, because he might do it for himself. The whole thing is insane IMHO.

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#15

Post by ianstallings »

dmitri1981 wrote: post #6
spindritf wrote: post #2

They're all vice presidents there? American Psycho is becoming truer every day. the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote. Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usu…

Vice President is a mid ranking title in an investment bank for anyone with about 5 to 6 years experience.

I think the term pomp and circumstance is completely appropriate in this case.

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#16

Post by mbesto »

spindritf wrote: post #2

They're all vice presidents there? American Psycho is becoming truer every day. the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote. Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usu…

There is a proliferation of VPs in financial institutions because it makes their clients feel like they are dealing with someone senior. Serious.

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#17

Post by ianstallings »

jrockway wrote: post #11
spindritf wrote: post #2

They're all vice presidents there? American Psycho is becoming truer every day. the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote. Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usu…

Standard investment bank titles. At BofA, where I worked, the progression was Officer -> Assistant VP -> VP -> Director -> Managing Director. In the software world, this is something like SWE II, SWE III, Senior SWE, Staff SWE, Senior Staff SWE. The titles in the software world don't make much sense either.

Man somedays I am just so happy to work for startups. I get to choose my own title. My last one was lead guitar, but it ended up confusing people so I changed it to just "lead". My current one is "software guy".

Edit: Oh sorry, I didn't know this was a serious topic, for serious discussion only. I'll just take my awesome title and go live it up, doing what the fuck I want. Have fun filling out your TPS reports.

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#19

Post by ianstallings »

jmsdnns wrote: post #7
spindritf wrote: post #2

They're all vice presidents there? American Psycho is becoming truer every day. the ruling gives Goldman an incentive to keep the ambiguous language in place so it can reserve the right to make “unpredictable post hoc determinations about which former employees should be advanced attorney’s fees and which shouldn’t,” Fuentes wrote. Maybe there's some selection bias going, or I'm a contrarian, but somehow dissents usu…

That's how Bear Stearns was when I was there, 26, and a VP. The title is pegged to the salary, not responsibilities.

Serious question, does that make your job search harder when you leave to a place that doesn't hand out VP titles? People seem to be very particular about titles.

Edit: Why did someone down vote me for asking a question? Don't be so goddam sensitive.

Re: Sergey Aleynikov Loses in Goldman Fight Over Fees

#20

Post by [deleted] »

ianstallings wrote: post #19
jmsdnns wrote: post #7

Earlier quoted context omitted.

That's how Bear Stearns was when I was there, 26, and a VP. The title is pegged to the salary, not responsibilities.

Serious question, does that make your job search harder when you leave to a place that doesn't hand out VP titles? People seem to be very particular about titles. Edit: Why did someone down vote me for asking a question? Don't be so goddam sensitive .

[deleted]
Post reply on HN