Guttenberg: Chinese Wall More Like A Chain-Link Fence

Alright, this happened during my move overseas, so my apologies for it being a couple weeks ex post facto. It was just too delicious to ignore.

In a case of what may be the worst timing in history, Mitchel Guttenberg was sentenced to 6 1/2 years in the federal pen for insider trading on November 3, and an angry mob lined up around the block waiting to cock punch this highball on his way out.

http://www.nydailynews.com/news/ny_crime/2008/11/…

So this tool goes from a stately mansion on Long Island with a hot wife to a 6x8 cell and an insistently amorous roommate at Fort Dix (I swear, this stuff writes itself...). I'm sure he fancied himself some kind of corporate James Bond, selling out his bank (UBS) to the hedgies for a drop-top Porsche and a shot at some quality tail (clearly he wasn't getting by on his looks).

I resent the comparison to Boesky, though. Not that Ivan was some kind of genius (he was anything but) but at least he had a little flair. You'd never see Ivan skulking around some train station coffee bar selling secrets for pennies on the dollar. And last time I checked (it's been a few years), Ivan was living in a beautiful home overlooking the ocean in La Jolla, California. This clayhead is going to be lucky to rent a basement apartment in South Boston when he finishes his stretch.

 

Similique eligendi nesciunt magnam alias non consequatur maiores consequatur. Incidunt molestias est quasi illum molestiae provident iste. Aut provident aperiam rem nesciunt. Facere quae aut sint quia atque.

Quia soluta et unde occaecati. Voluptatem quia eos porro amet reiciendis voluptates. Voluptatem quia voluptatem magni. Ipsum ut rerum non aut error. Quia inventore totam adipisci aut illum dolorum. Sint magnam aliquid expedita sapiente fugit.

Deserunt dolorem molestiae totam. Dolor odit nulla esse.

Career Advancement Opportunities

June 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

June 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

June 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

June 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (25) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (227) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (253) $90
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”