Monkey Business pulls off Wall Street's suspenders and gives the reader the inside They escaped with the remnants of their sanity-and, ultimately, this book. Editorial Reviews. From Publishers Weekly. As eager-beaver business school students, Rolfe Add Audible book to your download for just $ Deliver to. Compre o livro Monkey Business: Swinging Through the Wall Street Jungle na They escaped with the remnants of their sanity-and, ultimately, this book.
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Monkey Business book. Read reviews from the world's largest community for readers. They Hit The Street. Forget what you've read, forget what you've. Monkey Business Introduction I never could understand how two men can write a book together; to me that 's like three people getting together to have a baby. That's really what "Monkey Business" is about; it's just been overshadowed by the laughs. It takes a while for the life lessons of the book to sink.
A junk bond financing for a hostile takeover, I couldn' t have asked for anything better for my first deal. I knew nothing about the medical supply industry and had so much to learn. Wex had merely supplied me with five hundred pages of documents so that nobody would accuse him of not having given me all the relevant material.
He was covering his ass and it was up to me to determine what really mattered and what didn't. I'd made my way through about a hundred pages of the stack when Wex called back two hours later.
We need a leveraged downloadout model by late this afternoon. We've got a meeting with Greg Weinstein at six o'clock. They don't call him the Widow for nothing, man. You better get it together. This guy eats summer associates for breakfast. Who was this guy they were calling the Widow? I'd built financial spreadsheets before in business school, but I'd spent days, not hours, on them.
I thought briefly about downloading a van, dropping a tab of acid, and heading out for Santa Cruz. You've got to re.
I'll get Troob. He's an ex-analyst. He'll know how to build a model. I didn ' t have to build the model. I'd been able to forestall inevitable failure. I sat back in my chair and breathed a sigh of relief.
Problem was, it slowly dawned on me, I didn't know what a transaction multiple was. There wasn't going to be any easy way out of this one, I' d have to suck i t up and confess my ignorance. I called Wex back. There's a little bit of a problem here.
I'm not sure that I know what a transaction multiple is. Can you give me some help? Call Troob and ask him to explain it to you, all right? Don' t forget, we have to meet on this at six tonight so you'd better get it together and figure this out. There was silence on the other end of the phone. This was a new one for him. He was also trying to secure a full-time offer, so why should he save my ass? He came to my office and shook his head.
Perhaps, in his mind, I was testing him, or more likely he worried that in some perverse way I could turn my idiocy against him like a weapon. Ignorance, after all, could be the most dangerous weapon of all. Troob knew the investment banking lingo.
He tutored me like a third grader with flash cards, imparting his knowledge. This is how you do it," he instructed. You just keep your mouth shut. Everything'll be OK. This deal's never gonna get off the ground, anyway. You can take a quick look-at the numbers and see that. I threw in a few random Comments, ones that I hoped wouldn't further betray my lack of investment banking knowledge.
Troob had been right. There was a consolation, though. I'd found a new friend in Troob. He' d saved me from the Widow's fatal clutches, and for that l owed him my life. H e owed m e one after that. H e was green, real l y green, but he was smart and he didn't have an attitude. I figu red that if I taught h i m a few th ings, he'd be a guy I cou l d rely on. I knew I 'd need that.
The Social Scene: The i r plan was a m icrocosm of what they wou ld try to do to u s once we' d signed on fu l l-ti me. At that poi nt, they'd pep per us with a parade of h igh-profi le events-black-tie dances, expen- The s u m mer assoc i ate experience at D LJ centered a ro u n d a c a l endar of soc i a l events: From our fi rst day a s s u m me r- D LJers, we were made to u n derstand that when it came to getting a fu l l-time offer, our attendance at the s u mmer soci a l fu nctions was equal in i mportance to o u r o n -the-job performance.
Of cou rse, t h i s advice had predi ctably fal le n by the wayside by ou r th i rd week o n the job, at w h i c h poi nt the majority of the summer being seated, the l iquor started to flow freely. The l iq uor barrage was a result of the efforts of one Rod Ferramo, the associate who had origi n a l ly i nterviewed Rolfe down at Wharton.
Ferramo was an old-school vulgarian, born and bred in G reenwich, Con necticut. Rumor had it that on a busi ness tri p to Mexi co for DLJ, he'd once spent th ree thousand dol l ars for two local whores to serv ice h i m in his hotel room. G iven that a U pon o u r arrival a t the restau rant, a n d prior to our moderately priced south-of-the-border whore was going for l ess than fifty bucks at the ti me, Ferramo's weakness for upper-end pleasu res was evi dent.
Wexler and B rown , the two fu l l-ti me associates ru n n i ng the summer program, h ad deci ded to break us i n easy on That n i ght, though, it wasn't Ferramo's l ust for flesh that wou l d d ictate o u r dem i se but h i s penchant for dru n kenness.
Ferramo i m medi ately began orde r i ng u p rou n ds of shots for everybody, whether they wanted them or n ot. Th i s p resented the c l ass with so meth i ng of a di lem ma. We wanted to be p rofess i o n a l , but enough o u r fi rst n ight out and h ad p l a n ned di n ner for u s at a local barbecue dive fol lowed by some dancing at a Midtown bei ng dangerous.
There we were with rounds of shots bei ng passed arou nd. It was clear that we were bei ng set c l u b-Le Bar Bat. I n addition to the summer associates, up for an eve n i ng of drun ken excess. The BAs' presence not o n l y ensu red to the greater good. He q u i c k l y pos itioned h i m se l f beh i n d her, wh ipped out his hogan, and as she conti nued her l itany of expurgation he straddled her backside, grabbed her h ips, and began to grind her from beh i nd in a s i m u lation We a l l took o u r shots of jaegermeister.
After we'd been seated, the waitress came over to take the appetizer orders. Ferramo took it u pon h i mself to order for a l l of us. I don't want to see a n y body's g l ass em pty. Then came the debaucherous display of Rod Ferramo. One of the BAs, Hope, h ad been downing shots w ith i ncreasi n g rap i dity over the cou rse of the even i ng. The com b i n ation of the shots, the heat, and the level of the music at Le Bar B at had p u s hed her beyond her l i m its.
As she stood at the bar waiti n g for her next dri n k to arrive, an u n co ntro l l a b l e u rge to vom it overcame her. She ducked her head u n derneath the bar, and 'began spewing forth a fragrant m i xtu re of barbecue ch icken and Captai n Morgan s p i ced ru m.
As we viewed th is display from across the dance floor we were thoroug h l y befuddl ed. Was th is guy real ly so desperate and so sexually depraved?
What the hel l was goi ng on? D i d the pressu re j u st cause some of the others to snap? We didn't know. Maybe it was the sleepless n ights. Maybe it was the lack of a social l ife. Maybe it was the opportun ity to fi nal ly not be the one getti ng s h it upon but to be the one doi ng th e shitting.
Either way, we didn 't real ize that in the not-too-distant future we, too, wou l d be fu l l-time associates doing th i ngs we never thought we wou l d stoop so low to do.
It was u ncan ny what a twenty-fou r-hou r, seven-day-a-week nonstop-stress career choice wou ld do to our j u dgment. The Social Scene II: Many of the di nners, basebal l games, and n ights dri n king and dan c i ng were u neventfu l. Others were, however, notable in their own right. Jen rette was a l egend on Wal l Street. Jen rette was famous not only as one. For o u r summer associate class a chance to meet the man was a real honor.
B as i ca l l y, the reason for u s to meet Jen rette was sum med up by an older assoc iate. He said, "It's a yearly trad iti o n.
The old man sucks it u p for a n ight and presses the flesh with a l l the s u m mer id iots. I th i n k they figure that trotting Jen rette out gets people to sign on fu l l-time when the offers come out i n the fal l. Special perm ission had been sought, and granted, to a l low for the presence of our one female su mmer associate c lassmate, D iane.
Jenrette made his own rou nds to each of us and, i n the most gracious manner possible, l istened i ntently as formulate mean ingless, i nane questions about the futu re of DLj.
O n l y one of ou r classmates d i sti ngu ished himself we sta mmered out how honored we were to meet h i m a n d how we were so i n cred i b l y thankfu l to have been given the opportun ity to spend our su mmer at DLJ.
With our busi ness school debts, most of u s were worth about fifty dol lars. We were young. We j ust had noth i ng i n com mon. The fact that we knew he wou l d feign i nterest i n o u r miserable l ives made the specter of conversation that m uch more unappeal i ng.
The usual garbage spil led forth from ou r mouths as we d rew u po n our busi ness school ski l l s to I d u ring this session, Mike Stevens. Stevens was one of the Harvard boys.
Stevens was a big man, he'd played footbal l for Penn as an u ndergraduate. Over the cou rse of the s u mmer, most of us had come to the con c l usion that Steve n s was a man ic-depress i ve.
A common fixtu re i n al l the summer assoc iates' offices were foam footba l l s that were gifts from a foam process ing company w hose i n itial public offering DLJ had recently u nderwritte n. Steven s cou ld frequently be seen in any n um ber of offices in the B u l l pen clasping one of the foam footbal l s to h i s abdomen and rol l i ng around on the floor, p roclai m i ng a l l the w h i l e that he was going to i mpart h i s footbal l knowledge to the masses by offering each of o u r B A s free fum b le-recovery lessons there on' the office floor.
Prior to retu rn i ng to busi ness school, Stevens had been a n i nvestm e nt b a n k i ng analyst with me at Kidder Peabody.
The col l eague had been fu riou s u pon retu rn ing to his office the fol lowi ng Monday morn i ng, b ut even h e had to admire Stevens's determ ination. Stevens's focus and determ i nation cou ld just as easily manifest them selves th rough h i s dark side, however.
H is tem per was l egendary. DLJ had ind icated at s wer o ng gnt nighte rs, but the rel datory event. As Jen rette l a u n c hed into a d i scou rse on potenti a l areas ripe for expansion in the i nvestment banking world, a struggl e of epic p roportions began to u nfol d d i rectly across the table from us.
With each word that came out of Jen rette's m outh, Stevens's eyel ids grew heavier. H is head fel l backward, h is mouth fell wide open, and there he lay i n deep s l u m ber w h i l e the chai rman of the board a nswered the q uestion Stevens had. Fortu nately for Stevens, Jen rette was too good of a man to d raw attention to h is cond ition.
In the investment ban ki ng land of wal l-to-wa l l h ard-asses, the man was a true gentleman. When it came to these pitches, one managing d i rector took the b l u e ribbo n.
He'd only been at DLJ for two short months and he'd al ready garnered a reputation as one of the most fearsome pitch book generators in D LJ h i story. Legend had it that among the j u n ior ban kers at Leh man he'd been the most revi led man on staff, and upon his departu re the enti re analyst class had th rown a party where the col lective level of joy approached that at C h rist's resu rrection. B u bbles was as short as they came-somewhere between a dwarf and a midget, and co l l ective conjectu re was that h i s tyra n n ical behavior was as much a result of a Napoleon com plex as anyth i ng else.
There's an important tenet of investment ban king: It's not the work you have to do but who you have to do it for. The job included lots of humi l iation, and a wi l l i ngness to take it up t,h e rear Vasel i ne.
For the most part, the ' s um me r consisted of a whole ,lot of pitches a nd j ust a few scattered d eals. In conc ept, the idea was a simp le one. In real ity, it.
B u bble s's p itch boo ks cou l d conta i n anyw here from. For each pote ntial cand idate, the pitch book contai n ed a s u m mary of the com pany 's prod uct l i nes, a l i stin g of curr ent news events on the com pany,. It was a lot of i nfor mat ion. It fil l ed up a lot of page s. The asso ciates a n d anal ysts, thou gh, had been. Creation of a pitch s al i ke Bub bles was approach ed by anal ysts and asso ciate man uas an activ ity aki n to the i l l u mination of a holy script by med ieva l mon ks.
He bypassed the usua l staffm f. As chan nels, prefe rring to corra l the fresh meat h i msel der the weeks passed, moreover, his amb ition s grew gran the and gran der. As h i s amb ition s i ncre ased so, too, did les's num ber of com pani es i nc l uded in each pitch. He and l i eved that everybody was tryi ng to steal h i s ideas , he this drove him to swear all j u n ior bankers with who m rs worked to total secrecy. Th i s led to d ed quen t conversat ions that, taken out of context, sou n posit ively l udicrous.
For i n stanc e: I 've been th i n k i n g, why don't we look at a scen ario where Big Bear acqu i res Pumpern ickel Doug h's Butter bean d ivisio n? Both Ki netic I and K i n etic I I were design ed as gener ic pitche s that cou ld be made to any of the b i g financ ial downloader s. L i ke a two-dol lar whore, Kineti c I had made the financ ial downloader rounds on Wal l Street. Altho ugh none of them had been tempted by the bait, B u bbles had been embo ldened by his fi rst trip roun d the Street to take anoth er shot at the stars.
And so, the beast that wou ld becom e K i n etic I I was born. And with a. Rol fe h ad estab l i shed h i s reputation early on in the summ er as master of the pitche s. It was no su rprise, therefore, that he was the one chosen to augment the origj nal Kinetic I pitch team for the genesis of Kinetic I I. With h is add ition, the team stood at five: When Bu bbles cal led the shots, they a l l j u mped.
Goldfarb was busy on a real deal and Adam was as elus ive as a fox, so as l uck wou ld have it, Rolfe and Sl ick became the Ki netic II go-to guys. Ki netic II went through so many rewrites and d rafts that the latest vers ion was rarely ever more than two hours old. As the day approached for the fi rst presentation of the Kinetic I I pitch book to one of the fi nancial downloaders, the level of frenzy surrou nd i ng the project i ncreased.
Rolfe and S l ick were looking forward to h is departu re because, although they knew that he was n ever more than a p hone cal l away, they' bel ieved that the logistics of h is cal l i ng to demand more changes to the book wou ld at least s low down the rate of cal ls they had, to that poi nt, been receivi ng. What they didn't know was that B ubbles was about to both cement h i s reputati on as a d i c kweed and teac h them the futi l ity of ever bel ieving that they cou l d escape their masters' c l utches, all with one phone cal l.
I'm calling from the plane. Look, I've got lots of changes to the book. You two are gonna have to get these processed as quickly as possible. Our meeting's at nine tomorrow morning. We 've got a draft of the book here.
Why don't you start going through the changes one by one. Most of the changes are to section two. I want to change the structure of this section around.
Change the chart on page forty to a more neutral color like yellow. You guys should know better than to put a chart in red. Red means losses-c'mon guys, get with the program. I scribbled down the desired changes furiously while Slick reordered pages in a whirlwind of paper.
We were down to the short s trokes. Bubbles had departed New York on a 3: I was sitting at my desk fiftee n minute s later, at 3: Heather, one of our BAs, picked it up. He says it's urgent. I yelled to Slick, "Slick, get in here, Bubbles is on. I picked up the phone. I 've got Perentazzi in here.
Too Much Monkey Business
I ' m gonna put you o n the box. What's up? We don' t want to fuck this up. I'll do i t once more, but you' d" better listen carefully. I 've got other things that I need to be doing. I checked his second run-through against my notes and everything was checking out fine. My anxiety moderated slightly. I muted the speakerphone and turned to Slick. Everything he just read back matches what I've got written down here.
I've been rearranging pages here and nothing that he just said makes any sense. He's got us writing text headers on section title pages, and has us pulling out pages that cover all the key financial data. This doesn't make any fucking sense. I took the phone off mute. We're trying to get everything straight here. He just read us off the page numbers, how could nothing match?
Are you guys there? I don't have time for this shit. Heather, our BA, and a couple of our summer associate classmates had heard the commotion on the speakerphone and had now stuck their heads through my office door to lis" ten.
I took the speakerphone off mute once again. Could you read them off one more time. I may be working from an older draft version than you, but don't worry about the fucking page numbers. Just listen to what you have to do and then do it. Think, you stupid assholes. He wasn't a happy man. He began to read through the list of changes again, twice as fast and twice as loud. I muted the phone and looked at Slick.
He looked back at me as Bubbles continued t6 read. Man, I hate this guy. They're confusing us. Then the eruption occurred. As Bubbles's diatribe continued Slick and I started to " laugh. There was Bubbles, 35, feet up in the air in an apoplectic rage.
We, meanwhile, were on the ground in New York and there was absolutely noth;. He hung up the phone and Slick and I got to work trying to untangle the wicked web of changes Bubbles had delivered. Seventeen hours later, I would deliver the books to the offices of D. If it hadn't, the visit to D. The D. Thompson partner who greeted us was straight out of a Charles Dickens novel. He had stuffed his generous ass into a tight p air of seersucker trousers.
Stuffed into that mouth was an unlit cigar that had been chewed down to a raggedy, soggy pulp, and which was leaving tobacco shards all over his teeth, lips, and sideburns.
Bubbles started out the meeting in his customary style with an effusive show of gratitude for having been granted the meeting. He then proceeded to launch into a needless round of name-dropping, during which Chester cut him short.
If you open your book to page four, the table of contents, you can see what we've got lined up. You know I hate bakeries. You 've got four baking companies liste d in here.
Monkey Business: Swinging Through the Wall Street Jungle
This is a waste of my time. I think that you might want to consider these. And Bubbles, the little bastard, had knoWn ah ;d of time that this guy with the sideburns didn't like bakeries. Gonna be lots of dead people over the next few years.
I wouldn 't mind owning a piece of the market that sucks their money up before their corpses get dropped down into the dirt. One of our ideas had sparked a flicker of interest from Chester. Chester, however, was like a fat pussycat whose attention was drawn by a passing cockroach. There would be no deal for Bubbles and DLJ that day. Kinetic II's first foray out of the box had been a resounding failure, It was a harbinger of what was to come.
As I sat in Chester's office that day, I should perhaps have looked at things differently. Instead of looking upon Chester as an aberration in the human gene pool, I should have realized that it was Bubbles and I who were the human detritus.
As I watched Bubbles do everything but chug down Chester's cock with the goal of securing a piece of business, I should have been ashamed. I should have immediately cast off my leather shoes and woolen suit and gone streaking naked from the room in search of redemption. I should have, at the very least, realized that the Chesters of the world were the ones with the purse strings, and the guys with the purse strings were the ones in control. I should have thought about the number of nights that I'd been at the office until 3 A.
I didn't do any of that, though. And for that oversight, I would pay. And so it was that the s u m mer d ragged on for Rolfe and me. Pitches, d eals, d i n ners, n ights on the town, it was one long conti nuous ban k-a-thon. Lots of learni ng, l ittl e sleep, a n d a healthy serving of hu m b l e pie. Eventu a l l y it came to an end.
The summer had been pai nfu l , but it was over. Rolfe and I swore we wou l d never go back. We promised ourselves that we wou ld try to get a n offer from DLJ and then use it to fi nd other, more reward i ng jobs. Once again, we were bel i ev i ng our own bu l l s h it.
What we d idn't know was that D LJ was beefi ng up and we were the beef. DLJ needed bod ies, lots of bod ies, a n d they needed them fast. Because of that, j u st about al l the su mmer associates wou ld get offers. It was a much more serious offense. Duri ng the Summer Assoc iate Golf O uti ng, Rolfe had managed to h it the managing d irector i n charge of associ ate recruiti n g, Doug Franken, i n the leg on the fifth hole.
Rolfe d idn't j ust bean h i m i n the leg, he had done it at Fran ken's own country c lu b and w ith one of the Title i st golf bal ls that F ranken had lent to Rolfe. D u ri ng a n other su m mer, Rolfe's transgress ions m ight have gotten h i m d i nged. Fortu nately for Rolfe, DLJ needed assoc iates.
The Courtship I don 't believe we 've ever met. I'm Mr. We hadn 't exercised that much, we 'd worked long hours, and we were tired. A summer that we had thought was going to be filled with social engagements, weekends in the Hamptons, and dating turned out to be a summer filled with work.
They told us that if we came back full-time we would be handsomely rewarded. We went back to our second year of business school, me to Wharton and Troob to Harvard.
Within two months the recruitiJ: He was a pigeon, and I could hear him squawking all the way down at Wharton: He said that he played golf a l l the time, and did deals, in between holes, that made him rich. He seemed to be having fu n.
He had the l ife, or so I thought. Wel l , m y moral high ground was about as sturdy as a d ru nk cowboy's shooting hand. I was weak. I cal led Rolfe and asked h im what he was goi ng to do and h e tol d me that he was goi n g to hold out. Ed Star and Les N ewton came to town. I'd worked with both of these guys d u ri ng the s u m mer. They were u p i n B oston to seal the deal, to close the transaction, to lock me in. I was a project to them, j u st another deal that they n eeded to c lose.
I was a steer and these were two cattle ranchers rou n d i n g m e up. They wanted to brand my ass w ith a hot i ron. Loo k i n g back, I had no chance. Wal l Street. I n the Merchant Bank even the j u n io r ban kers were al lowed to participate i n the deals. There were dues to pay, pa i n to experience, and a long jou rney from associate to managi ng d i rector. He may have been my role model, but I was foo l i ng myself to th i n k that it came easy.
Les Newton was the golden c h i l d. He had it al l. H e l ooked rested and relaxed. He was m ade of ru bber, and he was w hat al l M BAs hoped they cou l d be.
He had also probably kissed more ass than a toi l et seat sees i n a year. I also wanted to be l i ke Les. Les was a good guy. Les played his cards right, played the game wel l , and he was rewarded for it. They d i dn't have to corral m e and l ead me to slaughter, I was ready and wi l l ing to wal k i nto They took me to a stri p bar and we spent tons of dough, and then we went to a!
I was as l u bed as steaks, and d rank expensive bottles of red wine. People ished the evening off with gl asses of port, cheesecake, cigars; and a discuss ion. They rea l l y pou red it on and I was loose as a goose and eating it a l l u p.
This was what I said that he had bought a house in the H a m ptons for had i magi ned bank i ng was a l l about. You're our favorite candidate. We rea l l y want you, we rea l ly need you. Say yes now and I ' l l make sure you get your sign i ng bonus m oney in a couple of weeks.
I think you're the type of person who wou l d excel at DLJ and cou ld move up the l adder q u i c k l y. When you get to DLJ we want you to work for us. You ' re o ur guy. The busi ness schools had outlawed the explod i ng offers because they wanted al l the students to be able to fu l ly assess al l thei r options. This gave the savvy students the abi l ity to shop their offers around.
The real ly smart students wou ld i nterview with all the ban ks, a l l of whom came onto campus early i n the recru iting season, and bu i l d a book of banking offers. The i nvestment banking recru iti ng machi ne was not n aive to th i s strategy, though. So the i nvestment ban ks wou l d not give offic i a l offers at al l but wou ld wait u nti l the cand idate gave them the assu rance that he would say yes if offered a job.
This was the pinnacle of the mating d ance. The proverbial cat-and-mouse game. On the one hand, the banks wanted to give explod ing offers so that the business school students wou ldn't use the offers to fi n d better jobs.
O n the other hand, the school wou ld n't Les said, "We're not giving you an offer, but if we d id offer you a job-remember we are saying if--wou l d you accept it with i n three weeks? If you can't accept it by the end of October, then we can't offer you a job. Should I have j u mped up on the tab le and screamed, "Yes, I want to work at DLJ ' " Maybe if I had run outside and peed the letters "DLY' i n the snow, th is wou l d have given them a strong i nd ication.
The game was ridicu lous and I played right i nto it. You ' l l work i n Merc han t Banki ng, and do deals, and get l evered and make money. We' l l' protect you.
I was so high by th is poi nt. My head m ust have been the s i ze of a p u mpki n. Right then and there I accepted. I h ad promised to tal k to Rolfe before I accepted, but I cou l d n 't wait.
I sold my sou l. Wel l , m ay be I rea l l y d id n 't accept anyth i ng because they had never official l y offered me anyth i ng. I went back to my apartment and cal led Rolfe to tel l h i m what I'd in-arms agai n. At th is poi nt, I cal l ed Rolfe and fou nd out that he'd had the same experience. Sta r and N ewton h ad come to Boston and had done what they were contracted by the firm to do. Make me accept a job that they neve r rea l l y offered to me. They had cl osed the tran saction and moved on.
Other ban kers closed on the Rolfe transaction. We were two excited and eager suckers. We had a favorite exp lanati on: They' l l protect u s. A couple of weeks l ater they flew me to New York to say hel lo to other bankers and j u st revel i n the bl iss of bei ng part of the D LJ team. They sent me plane tickets and had a car p ick m e u p at the a i rport. I stayed at the Fou r Seasons and was tol d to order as much room service as I wanted.
I l i ked the plane flights, the cars, the n ice hote l s, the fee l i ng of being rich, the l ifestyle. In the right hands, their account might indeed have been a bit Kafkaesque, but in theirs, it is merely a recitation of the petty indignities and even pettier excesses that comprise the Wall Street life.
Troob, Our shit looks tame compared to that! Their shit, however, actually happened-or so they say. The authors took great pains to disguise names, to protect themselves and their former colleagues from the consequences of their tales. Troob, 30, sucked in a deep breath at the mention of this episode. Troob said.
Except greed and disgust. Call it an explanation vacation. Before the book came out, someone at D. The galleys circulated around the firm. Rolfe, who is They said that the authors missed a golden opportunity to tell some great sordid stories. The Quants Monkey's Review The Unlikely Disciple Monkey's Review Adventure Capitalist Monkey's Review Hilarity Ensues Monkey's Review The Prince Monkey's Review The Money Culture.
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Popular Content See all. Leaderboard See all. Upcoming Events See all. Recent Jobs See all. In The Flesh O. Senior Neanderthal 5, Wondering where WSO's simian theme comes from? Look no further. In addition, may I offer my nomination for the WSO official theme song: In The Flesh's blog Log in or register to post comments. Investment Banking. John Rolfe. Peter Troob. No WSO Credits? Sorry, you need to login or sign up in order to vote.
As a new user, you get over WSO Credits free, so you can reward or punish any content you deem worthy right away.Great and highly accurate narrative of the investment banking experience as a junior banker. Call Troob and ask him to explain it to you, all right? At least for a while. It was unfortunate that they didn't talk much about WHAT they did, but the culture was interesting.
They' l l protect u s. I know the reputations of the fi rms because I worked on Wal l Street before and I know that you r fi rm i s a good fit for me. The authors did a great job explaining the intricacies of capital markets and telling their life stories while keeping the reader engaged.