Try not to read the topic of the video or it ruins the surprise.
http://video.yahoo.com/watch/3510366/9745199Also, I used to work for Lehman and they fired my boss, John Succo, for this. The lesson is to never tell the truth. He wasn't really that sad as Lehman had just hired him about four months earlier and paid him a 5 million dollar signing bonus. 1998:
"The trouble started when John Succo, trading manager at Lehman
Brothers’ equity derivatives volatility desk, agreed to speak at an
investment conference sponsored by Grant’s Interest Rate Observer.
After discussing the pricing of risk and the correlation between
equity derivatives and the underlying stock market for a while, Succo
was asked a question. “I don’t think my boss is here, so I’ll address
that,” he responded. “I don’t think that the people running our firm,
our equity floor, have any idea of the things that we actually do, of
how we...(audience laughter) I’m serious...of how we hedge, the
products that we’re involved with, the amount of risk we take or the
lack of risk we actually take.”
He went on to describe a 26-year-old derivatives trader at a big bank
who believed that his senior management’s understanding of the risks
at the institution was “probably off by a factor of 10.” “And I think
that’s probably pretty accurate. I think as I said before, management,
if you’re making money, kind of leaves you alone until there is a
crisis situation. And I don’t think that’s a way to run a firm.”
20 Aug 2008 - 22:34
Neverwinpoker.com > Viewing Poker Forum Profile
Copyright @ 2007 Neverwinpoker LLC All rights reserved