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Welcome to the weird and wonderful world of Cityboy. Below are his pearls of wisdom on the hideous working environment commonly referred to as 'The City' which was his gilded cage for 12 long, hard years. The articles up to September 2009 appeared in thelondonpaper before its untimely demise (albeit somewhat sanitized) and are listed in chronological order. The articles thereafter have appeared in various publications or have been specifically written for this site. If you work in the City or are thinking of doing so, here's what they won't teach you at the London Business School. |  |
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Goldman Sachs put profits above clients' needs ... this is no shock to me!
Submitted by Cityboy on Wed, 03/14/2012 - 10:01.
 A senior Goldmans executive, Greg Smith, has sent an open resignation letter to the NY Times in which he explains how the culture of the firm has lost its way over the last two decades. He complains that the company is interested purely in making profits rather than serving its clients (who he claims many colleagues refer to as Muppets!)and blames current CEO Blankfein for the decline in the company's 'moral fiber'. An article I wrote last year for Square Mile on Goldmans explains why these revelations comes as no surprise to me. Read on ... |
Why rogue traders will always be with us
Submitted by Cityboy on Wed, 03/07/2012 - 10:57.|
What makes a great trader? Well, without wishing to expose a worryingly poor grasp of biology I’d say the perfect trader would be the bastard (grand)son of Dirty Harry, Field Marshall Montgomery, Gordon Gekko and Harry Houdini.
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How I cost my bank $528m
Submitted by Cityboy on Tue, 02/21/2012 - 20:28.|
It’s a terrible thing to realise that you might have cost your bank $528m but that’s exactly the conclusion I reached after reading about the legal case currently facing Commerzbank! |
