by and large, no.

There are few people within any investment bank that earn the massive bonuses or make the big decisions. The majority of headcount are support staff - administrators, IT guys, accountants, secretaries etc. These are all people who busted their guts at school, university and went through the horrendous job application process to get to where they were. These are people who went the extra mile to try and succeed in their chosen field and dedicated a huge portion of their lives to trying to succeed there. Over the years the employees will have built up a huge rapport and team spirit with each other and now for all of this to be gone and for all of these connections to suddenly be broken apart will be crushing.

Having seen first hand the faces of the Lehman employees today it's really not cool...

Posted By: pat_abb on September 15th 2008 at 23:48:01

Message Thread

The way things are going in the financial world, (General Chat) - bowfront1, Sep 15, 22:37:46
- Does any of this stuff on the tv, (General Chat) - NCFC4life, Sep 15, 22:45:51
  - yes here's how... (General Chat) - pat_abb, Sep 15, 23:31:45
    - Are those the same people who gamble silly sums of other peoples money on the markets? (General Chat) - NCFC4life, Sep 15, 23:42:39
      - by and large, no. (General Chat) - pat_abb, Sep 15, 23:48:01
        
        fairy nuff (n/m) (General Chat) - NCFC4life, Sep 15, 23:59:26
  - every day i seem to be doing a bankruptcy or re-possession case at work (General Chat) - ingi, Sep 15, 22:53:36
  - I blame the sub prime market really. (n/m) (General Chat) - DrDublin, Sep 15, 22:49:48
    - yep, 120% mortgages alot of these sub prime lenders (General Chat) - ingi, Sep 15, 22:55:51
    - Yeah - Meatball Marinara up 75p in 12 months.... crazy. (n/m) (General Chat) - Chelmsford Yella, Sep 15, 22:53:38
    - Whooooshhh! (General Chat) - NCFC4life, Sep 15, 22:52:29
      - ^^^^^ LOL at the irony of this post ^^^^^ (n/m) (General Chat) - Yellow Ice, Sep 15, 23:33:17
      - Whooooshh is exactly the problem. Too many people, with too little knowledge, (General Chat) - tudders, Sep 15, 23:19:50
      - took me 7 attempts to pass me test! (n/m) (General Chat) - ingi, Sep 15, 22:56:45
    - Not sure why but I do. (n/m) (General Chat) - DrDublin, Sep 15, 22:51:50
  - soon the world will end in a black hole, so none of it matters (n/m) (General Chat) - steven, Sep 15, 22:47:30
    - ...and today there were still punters (General Chat) - bowfront1, Sep 15, 23:07:52
      - still many sensible things to invest in that are (General Chat) - fareastcanary, Sep 15, 23:28:57
- The way things are going there won't be any banks to take any money out of. (n/m) (General Chat) - DrDublin, Sep 15, 22:39:28

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