Earlier quoted context omitted.
It's more often Mr, even in French these days...
But it's still wrong (in French).
Could you more clearly define what you mean by “wrong,” please?
Why I Am Leaving Goldman Sachs
231–240 of 268 posts
Re: Why I Am Leaving Goldman Sachs
#232The most amusing thing I find about Goldman Sachs, is their refusal to put their name on their building. They built a brand new 43 floor office building right across the street from Ground Zero to serve as their new headquarters, and their name is no where on the building. It makes one think that they are hiding -- perhaps they're ashamed of themselves?
Partly they're hiding from people with guns and bombs.
Re: Why I Am Leaving Goldman Sachs
#233(http://www.businessweek.com/news/2012-03-14/goldman-stunned-...)
$2.2Billion is, to me, a lot of money.
Re: Why I Am Leaving Goldman Sachs
#234I've no love for GS, but an interesting counterpoint to consider (from http://www.forbes.com/sites/bruceupbin/2012/03/14/unshocked-... ): "'There are a couple of things out of place. 1) This guy has been at firm for 12 years and is only a VP…a pissant of sorts. He should have been an MD-light by now, so clearly he has been running in place for some time. 2) He was in U.S. equity derivatives in London…sort of like equ…
Given what it takes to be admitted to the firm, let alone stay in it for 12 years, I wouldn't consider him "pissant". That time guarantees he's survived and gone above probably 100K other bright hires over the years. Can't say that for most companies.
My take, it's just the press milking the point/counterpoint style of argument to attract more eyeballs and ad dollars.
Re: Why I Am Leaving Goldman Sachs
#235Very clever move to let his clients know they should keep tabs on him. It advertises his integrity and informs people he's leaving.
I thought the same thing, it's very obvious that he's starting either his own firm, or will land somewhere else, and this article is a public attempt to retain his clients and advertise to new ones.
Er, this is the age of technology. Why write a NYT article when you've already got a copy of the virtual rolodex at home?
Re: Why I Am Leaving Goldman Sachs
#236Earlier quoted context omitted.
I once worked for a guy who was considering incorporating his two-person company. His investors were mostly family and professional contacts. One day he was talking about how it would limit his decision-making because of his obligation to always do what was most profitable for the shareholders. He was potentially facing a choice between selling out to a much larger company or staying independent so he could develop t…
I think the whole "fiduciary duty" argument is mostly used by assholes as an excuse for being assholes. Managers of corporations have wide latitude to do as they see fit. Successful shareholder lawsuits of this type are extremely rare.
It was enough to scare him away from incorporation while there was talk of an offer to buy the company. The customer that was going to make the offer would have replaced him in his business role, limited him to research, and shut down all the work that wasn't relevant to the one product of ours that they used, but they were going to give all the investors a very significant profit. He didn't care because he thought the company could be much bigger than the buyer wanted it to be, and also possibly because he was already wealthy and enjoyed being the boss much more than he needed the money. When I ponder that last part I guess it's possible that his worries about getting sued reflected a guilty conscience more than a real legal risk.
Re: Why I Am Leaving Goldman Sachs
#237Goldman has a kind of hilarious understated response, in which they note that this guy was a VP (there are thousands of VPs at Goldman) and that the group he managed consisted of him and him alone. Plus, this was a bad year for bonuses. Nothing like a slow career and a dwindling bank account to make you aware of how morally imperative it is that you switch careers! The people I know at Goldman are generally bright an…
i suspect that the real Goldman response was to make sure this guy is on every financial black list there is.
He got on the list the money he gave NYT the go-ahead to publish that article, and he knew he would perfectly well. Next week you'll hear about his new gig as an executive at a non-for-profit.
Re: Why I Am Leaving Goldman Sachs
#238Earlier quoted context omitted.
I don't think Michael Lewis changed his name to Peter.
d'oh! thanks - will fix. Lewis screwed up a few people's names in Liar's Poker and I always thought it reflected that he was more interested in a good story than facts, so it was kind of ironic I did same.
If you haven't seen it, you might like this profile of Lewis, which touches on his storytelling vs facts tendencies: http://nymag.com/print/?/news/features/michael-lewis-2011-10...
Re: Why I Am Leaving Goldman Sachs
#239Earlier quoted context omitted.
But it's still wrong (in French).
Could you more clearly define what you mean by “wrong,” please?
Writing "Mr." in French is incorrect. The correct form is "M."
"Mr." is English for Mister "M." is French for Monsieur.
I've seen this mistake made even in letters from banks and mobile phone companies. I cringe every time I see it.
Re: Why I Am Leaving Goldman Sachs
#240I've no love for GS, but an interesting counterpoint to consider (from http://www.forbes.com/sites/bruceupbin/2012/03/14/unshocked-... ): "'There are a couple of things out of place. 1) This guy has been at firm for 12 years and is only a VP…a pissant of sorts. He should have been an MD-light by now, so clearly he has been running in place for some time. 2) He was in U.S. equity derivatives in London…sort of like equ…
The article states that he is an Executive Director, one step higher than the VP that your quote claims him to be.
Yes, in fact Executive Director _is_ the "MD light" at Goldman.