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Does anyone know any city bankers?
Comments
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My favorite cost saving exercise was when I worked for a certain UK nuclear energy company. They were being bailed out by the government at the time and introduced, wait for it...
The Performance Improvement Program, or Pip
Which basically amounted to all the employees working 3 times as hard and moaning 3 times as much.0 -
I work for one of the large city law firms. We deal with the bankers all the time. Most tell you the same thing - this has been a good cathartic experience and the redundancies have helped get rid of the dross.
Most are optimistic. There is a lot of suppressed activity going on. My firm is working with lots of banks on rights issues for clients, and there is a feeling that once the stock markets settle, there will be a huge upswing in M&A activity.0 -
Several
The most senior one (think 350k and beyond p/a) is a really good guy and still clinging on. (works for a BIG name in banking with a large Govt involvment)
Was initially very chippy about things and up for an argument on the slightest pretext, then got really down about it - started to affect his health I think
More recently he has adopted the 'sod it' attitude, having decided it's all gone to hell. I think he is likely to Jack it in and do something more worthwhile with himself - his words.
He's been saying it (the system) was totally broken for about 18 months - how right he was!Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
so it seems that in general they're not bovvered.....0
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What does an investment banker actually do?0
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chewmylegoff wrote: »not quite, they're either:
i) not bovvered; or
ii) sacked.
A friend of mine in the City, when I asked him what the general mood was there, described it as 'fluctuating between despondency and outright panic'.
A few of the City boys/girls I know have been laid off, most are still in work but in a rather subdued mood, not quite 'business as usual' but not suicidal.
I do get the impression the initial panic stage is over now though, and people are digging in for a long battle. I haven't heard many City folks (apart from BBC hired bulls) banging on about recovery in 2010 much.'Never keep up with Joneses. Drag them down to your level. It's cheaper.' Quentin Crisp0
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