We were told that galerie marchande geant casino salon de provence each seat on the trading floor cost six hundred thousand dollars.
The risk was that I would offend the equity department, which would then try to have me fired.
This, I learned, was standard practice when a customer was about to be sacrificed for the greater good of Salomon.
"So you want to know how to deal with those assholes, don't you?" he said.The market would start to go down.Wall Street, historically, had dealt with only one side of the balance sheet; liabilities.Salomon had had to accept risk to make money because it had no list of fee-paying corporate clients, unlike, say, the genteel gentiles of Morgan Stanley.As a result, this particular appeal by Laszio never worked.Leahy and his right-hand woman, Leslie Christian, formally assumed responsibility for me in the final days of the training program, over turkey sandwiches.The combined indebtedness of the three groups in 1977 was 323 billion, much of which wasn't bonds but loans made by commercial banks.Soon someone would begin to recite "Memoirs of a Trader" as the sea washed against the side of the Circle Line cruiser.Thoughts around Salomon Brothers turned away from the greater glory of the firm and focused on self-preservation.He was given a seat in the back mental jackpot astor office of Merrill Lynch until his contract expired, whereupon he returned to a standing ovation at Salomon.Bob Dall spent his day borrowing money to finance Bill Simon's bets in the.S.And we were Wall Street's most profitable firm.
After the purge Gutf reund, Voute, and Strauss arranged to have a private seminar given by the head of Salomon bond research, Marty Leibowitz.
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you miss one payment, we'll take the company away.To be fair, the opportunist was not entirely without purpose.The firm encouraged both aggression and ability; it made a point never to interfere with natural jungle forces.JOE: Who the fuck does he think he is?I didn't have the heart to tell him that the boys on my trading floor would have laughed him out of the casino at the suggestion of a bet as small as five pounds.I went home, took off the suit, and went back to bed.
Oh, well, thought O'Grady, see if I can find the prices on the"on machine.