Lehman Brothers is a garbage company. Short LEH.
I agree, but where were you at $60? http://www.nakedcapitalism.com/2008/06/so-how-did-lehman-delever-not-very.html
did you quit working there?
hey, I think I read an ethics question on this post. . .come to think of it, if that was on the actual exam than I also F’d up on the standards. . . Now I’ll never be a CFA . . .crap! There I go again. . .
Nope. Looking to get fired. I’d rather be paid to leave than to quit and leave with nothing. Maybe I will surf for porn on Monday or yell at senior management for being liars. The lies and deception at lehman still continue. On Friday a memo had gone out because a few people had left the firm to “pursue other opportunities” when these individuals had clearly been fired. Its insane. Fu** you lehman. I hope you crash and burn. I’d like to see Dick Fuld be taken out in handcuffs and sent to prison where he can be someones bi***. drs Wrote: ------------------------------------------------------- > did you quit working there?
Have they not come up with an “accelerated program” they can offer you yet :).
I’ve thought about “trying” to get fired so that I get severance if I decide to leave my current job and go back to grad school (in another field). It would be dumb to do something stupid like yelling at bosses or shirking duties, because you don’t want to burn bridges, and you might need recommendations later in life. Is there a way of tactfully bringing this up with bosses or HR? My firm, like most, needs to get rid of people, but I’m afraid of being told, “No, we won’t lay you off, but since apparently you don’t want to work here we will fire you”.
Don’t try it luke. It’s just not worth it. You’re only looking at a couple months of severance at most, and it’s a much bigger pain in the ass to explain to a potential employer why you were involuntarily terminated.
If you get fired, you get no severance. The severance checks also gets taxed at a hefty rate, maybe 50%. I would think that they would give you 3 months worth of severance.
All BB firms say so and so “is leaving to pursue other opportunities” when they are really being fired… that is common place
numi Wrote: ------------------------------------------------------- > Don’t try it luke. It’s just not worth it. You’re > only looking at a couple months of severance at > most, and it’s a much bigger pain in the ass to > explain to a potential employer why you were > involuntarily terminated. Yeah, but if you get laid off you can get state unemployment benefits and extension of health care coverage, too. The health coverage, in particular, is a significant consideration. Don’t get me wrong, I’m not planning on doing this right now, but I’ve definitely considered it…
people in my company got 2 weeks pay, where they are still considered employees. After the 2 weeks, no health insurance. Then they got 10+ weeks of severance.
luke77 Wrote: ------------------------------------------------------- > Yeah, but if you get laid off you can get state > unemployment benefits and extension of health care > coverage, too. The health coverage, in particular, > is a significant consideration. Don’t get me > wrong, I’m not planning on doing this right now, > but I’ve definitely considered it… The state unemployment benefits, in most cases, isn’t great. Unemployment checks will run
sawastea, how did you manage to get LEH right out of college? What was your credentials?
University of Florida undergrad, Honors Program, graduated with Honors. Internships included: Summer after freshman year: Smith Barney Summer after sophomore year: Arthur Andersen Summer after junior year: Morgan Stanley in Buenos Aires I knew what I wanted, they flew me up twice for interviews, and I was able to pull it off in March of 2001. Ironically, first day was 9/11/01 at 3WFC
dude the phrase “left to pursue other opportunities” is used to soften the blow of a firing at probably every financial firm on the planet (and maybe non-financial firms for all I know). If that is the main basis for your rant, talk about an epic overreaction.