| Topic Name: |
Lots of misinformation |
| Message Name: |
Hehehe |
| Date Posted: |
05/27/2000 |
| In Reply To: |
your examples are not that relevant. tom hill worked at lehman in the 80s, at a time when it was at the top of ibanking. drexel was also greatly respected at the time. i'm sure if you go back 10 years you wont find any private equity shops with dlj employees either. thats because dlj was nothing then, however, dlj is now a strong firm and you'll definitley see them around these days. |
| Message: |
You could make the same point about my naming Henry and George as Bear guys. The argument is a bit specious since they started the firm, in the same way Leon kicked up Apollo. But woe upon the house of any firm that forgets the basic principal that their example teaches us:
1) The way things have been done in the past is no guide to the right way to do something. Thus, the leveraged buyout is born.
2) Hire exclusively from wherever you want (Goldman, McKinsey, HBS, Yale College, etc.). Just don't whine when the talent you passed over comes back to clean your clock.
3) Imparting characteristics on the individual based upon the organization is a good way to go broke.
I have had the great fortune of graduating from arguably the best regarded undergraduate institution in the country, and had the privelege of working at one time with one of the firms that everybody around here seems to fall on their knees in respect to.
I have had the much greater fortune of being given the realization that some of the smartest, sharpest, and most talented co-workers I've ever had came from neither of those places.
Here endeth the lesson.
|
|
