December 10, 2013

Related party transactions

None of this makes anything better if you believe that nepotism has no place in investment banking but hahahahahahaha come on why would you believe that, that's nuts. Nepotism has a proud and prominent place in investment banking: In a business of relationships, you might as well hire people who were born with good relationships. The alternative of developing relationships through financial analyses and golf is slow and error-prone.

(link)

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