Tuesday, September 23, 2008

An Old Story

WSJ is reporting that Vik Pandit at Citigroup has no idea what to do next so he is pissing off some of his top managers. Apparently he offered Sallie Krawcheck, according to some "the most powerful woman on Wall Street", some Ted job and she quit instead. I put the last thing in quotes because I really don't care whether you're a man or a woman. I want to know who the most powerful unicorn on Wall Street is.

I remember one time a few years back I was sneaking into NYC for an early meeting with a headhunter. If I remember correctly I was talking to someone about jumping from my long-only PM job to a big bad hedge fund. I got to the recruiter's office before it opened, as agreed for secrecy, and the doors were still locked but Sallie was in the lobby as well, most likely for a similar reason.

She: "Aren't you...?"
Me: "And you're..."
She: "OK, so I'm not here and you're not here either."
Me: "Sounds good. Have a nice day."

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