Activity

[...] the poor stewardship and excesses of managers and how it was Wall Street investment bankers who realigned managers to their true purpose of increasing shareholder value. If a CEO did not do what was good for the stock price, then he or she was being self-serving and the only way to guard agai…

[...] In the immediate postwar period, then, the corporation was dominantly understood as a social institution, an organization with constituents and responsibilities well beyond the individuals and institutions that owned stock in the corporation. The primary concern of the corporation was the mai…

Wall Street argues that its greed for money is a "counteracting" interest against other more evil passions such as racism and sexism. Because investment banks are so greedy, so singularly focused on money, they become money meritocracies: whoever makes them money will be rewarded regardless of ba…

Many investment bankers I interviewed remarked, occasionally with envy but usually with an edge of moral superiority, how inefficient corporate America is because people move so "slowly." As Wong suggested, it is extremely common for investment bankers to interpret their own experience of overwork …

Almost everyone else in the bank is considered "back-office" support staff (which includes operations, account services, trade reconciliation, technical support, word processing) and treated as a "cost center", which is understood as a division that depletes money because of the refusal of investme…