Wall Street quants wanted

[Jam]

Looks like employment opportunity for the poor SOB-s who lost their jobs in the financial turmoil. And an opportunity to mess up another industry.:eek:

http://bits.blogs.nytimes.com/2008/0...ref=technology

[Chris]

Re: Wall Street quants wanted

Jam, the quant market is still reasonably bouyant over here in London (except at Lehman's ;)). Don't believe the hype about the end of structured finance.

[Supercilious]

Re: Wall Street quants wanted

Microsoft doesn't say anything on this subject? Maybe they can use some Wall Street specialist to streamline the operation and improve the stability of Vista

[GRG55]

Re: Wall Street quants wanted

Microsoft doesn't say anything on this subject? Maybe they can use some Wall Street specialist to streamline the operation and improve the stability of Vista

Microsoft needs to set its sights on something less ambitious than that.

Maybe they should forget about Vista and go back and try to fix XP; something that might actually be within their abilities...:rolleyes:

[phirang]

Re: Wall Street quants wanted

Hey, we need more social networking to help market products for the US consum- oh, wait... damn.

I've encountered an insouicance in silicon valley... or perhaps a hubris that they're invulnerable to an economic slump. I still recall arguing with my programmer friends about how they are, utlimately, coupled to FIRE. I frankly am not betting on any tech that isn't related to espionage, warfare, and automation.

But wtf do i know...

[Jam]

Re: Wall Street quants wanted

Unemployed bankers ready for soup kitchen lines?

A bankruptcy filing by Lehman would be likely to cause thousands of job losses among the investment bank’s 25,000-strong staff. With lay-offs at many other Wall Street firms, and growing numbers of hedge funds making losses, bankers said they did not know where they would find new jobs.
...
When asked what people were taking out of the building, one banker who climbed into a yellow taxi with three big bags, said: “Not enough level three assets. I just can’t believe this.”

http://www.ft.com/cms/s/0/ac5330c2-8...nclick_check=1

[Jam]

Re: Wall Street quants wanted

Microsoft doesn't say anything on this subject? Maybe they can use some Wall Street specialist to streamline the operation and improve the stability of Vista

Good one! (on many levels)

[GRG55]

Re: Wall Street quants wanted

Unemployed bankers ready for soup kitchen lines?

"...A bankruptcy filing by Lehman would be likely to cause thousands of job losses among the investment bank’s 25,000-strong staff. With lay-offs at many other Wall Street firms, and growing numbers of hedge funds making losses, bankers said they did not know where they would find new jobs..."


http://www.ft.com/cms/s/0/ac5330c2-8...nclick_check=1

Here's one that didn't have any trouble...

Citigroup hires Lehman's Shafir as M&A head




By Wallace Witkowski
Last update: 2:55 p.m. EDT Sept. 18, 2008

4:01pm 09/19/2008

SAN FRANCISCO (MarketWatch) -- Citigroup Inc. said Thursday it hired Lehman Brothers' Mark Shafir as its new head of mergers and acquisitions. Shafir was the global co-head of M&A at Lehman Brothers before the company declared bankruptcy on Monday.

Wasn't Lehman trying to entice someone to M&A with it in the past few weeks? Wonder if Shafir will have better success M&A'ing chunks of Citi as it tries to save itself? :rolleyes: