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Vault Message Board: Investment Banking

Topic Name: A Question for the Bankers
Message Name: Easy there guys
Date Posted: 05/28/2000
In Reply To: I never realized that derivatives guys could be such assholes. I hope that you are not representative of the rest of them cause S&T sounds like a great way to make a living, and some serious $$$. The original poster wasn't arrogant and I don't think he claimed to know everything. I've been following this thread for a while and I'm trying to hear this issue. All I hear is thought out (though misinformed maybe?) reasons to worry about the future of S&T and a bunch of over testosteroned asshole rebuttals from workers in S&T. I am a college junior trying to figure this shit out and I'd rather hear from a trader or salesman who sounds intelligent than one who sounds like an asshole with hurt feelings.
Message: As much as I hate to voice support for the traders and salesguys, one thing I'd like to point out is that nobody pays bankers 7% to write salesforce memos, committee memos, or prospecti. They pay the 7% to get their stock sold (distributed if you prefer a more clinical term), and to get research support. If S&T goes the way of the dodo, all of us are screwed. Nobody will pay $3 million to have a bunch of bankers argue about the right way to write the MD&A.

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