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London Stock Exchange CEO claims he worked 130 hour weeks at GS regularly

https://www.bbc.com/news/business-58054983 "Xavier R...
ruddy stain haunted graveyard
  08/02/21
lots of cocaine
Mint razzmatazz rehab
  08/02/21
"He suggested banks should hire "poor hungry kids ...
glittery misanthropic mad cow disease
  08/03/21
It's true. That's how they rolled back then. A different b...
Laughsome jet-lagged school cafeteria
  08/02/21
We'll never achieve this greatness ever again
Olive Garrison
  08/02/21
...
Duck-like stead
  08/02/21
Only conceivable way this could not be flame is if this boom...
histrionic opaque death wish
  08/02/21
(guy who gets it)
Mint razzmatazz rehab
  08/02/21
people lie a lot, also cocaine
Amber startling circlehead
  08/02/21
Wikipedia Early life doesn't indicate Jewish origins. Odd.
Vigorous ebony house dingle berry
  08/02/21
He must not have been a very good trader if he's still worki...
Chocolate Meetinghouse
  08/02/21
He's outperforming Army Rangers with his 2 hours of sleep; h...
Aphrodisiac brilliant base tank
  08/02/21
"Anecdotally, cognitive performance in ranger candidate...
Alcoholic Splenetic Shrine Legal Warrant
  08/02/21
4.5 hours is the minimal sustainable amount of sleep. You ...
aromatic ivory step-uncle's house
  08/02/21
During Ranger School, I once feel asleep mid sentence as I w...
hairraiser autistic national security agency
  08/03/21
Serious q: How were they trading from home in the 80s? They...
Shaky Ape
  08/02/21
On the phone: https://youtu.be/k9kKFuhNPMo?t=952
Chocolate Meetinghouse
  08/02/21
tyft- just watched the whole thing
Onyx point milk
  08/02/21
...
Swollen Doobsian Mood
  08/02/21
...
appetizing abusive shitlib patrolman
  08/03/21
this was great, watched the whole thing too paul's sideki...
ruddy stain haunted graveyard
  08/03/21
I posted like that 2012-2013
yapping area doctorate
  08/02/21
why does banking require such long hours? they just don't wa...
avocado windowlicker
  08/02/21
Because for $250k and open doors whereever you want, they ow...
aromatic ivory step-uncle's house
  08/02/21
"This is the Schulte Roth firm. The world is your oyste...
rambunctious macaca
  08/02/21
...
Onyx point milk
  08/02/21
You get a free car ride home at 3am. Sometimes in a MERCEDES...
Duck-like stead
  08/02/21
because clients would rather deal with 1 guy than 3 (none of...
Swollen Doobsian Mood
  08/02/21
Analyst drones are not client facing. I never understood why...
histrionic opaque death wish
  08/02/21
Look, we always said this as junior associates too. I guess...
Swollen Doobsian Mood
  08/02/21
It’s the juniors who are elbows deep in the financials...
hairraiser autistic national security agency
  08/03/21
it's just logistically hard for multiple people to work on a...
Ruby Property
  08/03/21
80% of that time was probably just spent socializing with ot...
Nofapping Community Account Sound Barrier
  08/02/21
Go home? My bank had a deal with the hotel across the stree...
aromatic ivory step-uncle's house
  08/02/21
are you the one that posts those amateur vids where room cle...
avocado windowlicker
  08/02/21
Wow a egomaniacal banking braggart lies about how much he wo...
confused hell
  08/02/21
...
ruddy stain haunted graveyard
  08/02/21
...
bistre pisswyrm
  08/03/21
...
Misunderstood burgundy box office legend
  08/03/21
0% chance he did this "regularly"
red boyish clown plaza
  08/02/21
don't most coke fiends die by 50
Self-centered spectacular cuckoldry
  08/03/21
Crypto traders do this and don't brag about it
Chocolate Meetinghouse
  08/03/21
Cr. It's embarrassing
pink marvelous principal's office mother
  08/03/21
Uphill both ways
Fragrant Set Feces
  08/03/21
there probably was like 1 or 2 weeks his entire career that ...
jade halford crotch
  08/03/21
lol @ anyone believing this asshole. they worked 80 hour wee...
Misunderstood burgundy box office legend
  08/03/21
it makes you wonder what exactly the purpose of any modern t...
offensive plum gay wizard pit
  08/03/21


Poast new message in this thread



Reply Favorite

Date: August 2nd, 2021 5:39 PM
Author: ruddy stain haunted graveyard

https://www.bbc.com/news/business-58054983

"Xavier Rolet, who ran the London Stock Exchange for eight years, said the younger generation of bankers should stop complaining about long working hours or find another job.

He suggested banks should hire "poor hungry kids who managed to put themselves through college" instead of "entitled" graduates.

Mr Rolet, who worked at Goldman Sachs in New York and in London early on in his career, said on LinkedIn that he would regularly work 130 hours a week, seven days a week in the 1980s.

He claimed: "We'd work the whole New York trading day in the office, have dinner on the desk then trade Asia and Tokyo from 8:00pm until 10:00pm, go home during the half-day recess and trade the Tokyo afternoon session from home from 12:00pm to 2:00am.

Grab some shut-eye until 4:00am to put our orders in the European markets in time for the opening… quick commute to 40 Wall to be in the office by 6:30am to continue to trade our European orders in time for the pre-opening in New York. Tokyo was open on Saturdays and half day every other Sunday in those days."

This boomer is full of shit, so he regularly got maximum 2 hours of sleep during weekdays for weeks on end? lmao.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885483)



Reply Favorite

Date: August 2nd, 2021 8:08 PM
Author: Mint razzmatazz rehab

lots of cocaine

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42886229)



Reply Favorite

Date: August 3rd, 2021 3:05 AM
Author: glittery misanthropic mad cow disease

"He suggested banks should hire "poor hungry kids who managed to put themselves through college" instead of "entitled" graduates."

I 100% agree

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887972)



Reply Favorite

Date: August 2nd, 2021 5:47 PM
Author: Laughsome jet-lagged school cafeteria

It's true. That's how they rolled back then. A different breed of men altogether.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885518)



Reply Favorite

Date: August 2nd, 2021 5:53 PM
Author: Olive Garrison

We'll never achieve this greatness ever again

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885550)



Reply Favorite

Date: August 2nd, 2021 10:22 PM
Author: Duck-like stead



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887033)



Reply Favorite

Date: August 2nd, 2021 6:05 PM
Author: histrionic opaque death wish

Only conceivable way this could not be flame is if this boomer was gakked out 24/7.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885597)



Reply Favorite

Date: August 2nd, 2021 8:09 PM
Author: Mint razzmatazz rehab

(guy who gets it)

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42886232)



Reply Favorite

Date: August 2nd, 2021 6:05 PM
Author: Amber startling circlehead

people lie a lot, also cocaine

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885598)



Reply Favorite

Date: August 2nd, 2021 6:06 PM
Author: Vigorous ebony house dingle berry

Wikipedia Early life doesn't indicate Jewish origins. Odd.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885606)



Reply Favorite

Date: August 2nd, 2021 6:07 PM
Author: Chocolate Meetinghouse

He must not have been a very good trader if he's still working 35 years later

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885609)



Reply Favorite

Date: August 2nd, 2021 6:15 PM
Author: Aphrodisiac brilliant base tank

He's outperforming Army Rangers with his 2 hours of sleep; he's a serious badass.

We need him on that wall

http://isme.tamu.edu/JSCOPE97/Belenky97/Belenky97.htm

We studied sleep patterns (using our wrist-worn Sleep/Activity Monitor described below) during the 58 days of U.S. Army Ranger School. These 58 days involve simulated light infantry operations against a superior force. In a study of one class, ranger candidates averaged 3.2 hours of sleep each night over the 58 days of the school (Pleban et al., 1990). In a second study of two classes, ranger candidates averaged 3.6 hours each night (see figure -- Ranger School: Average Daily Sleep in each of the Four Phases). This sleep was not accrued in a single sleep period, but rather occurred as several naps over each 24 hours. Anecdotally, cognitive performance in ranger candidates is marginal, with frequent episodes of what the rangers call "droning"—i .e., the candidates can put one foot in front of another and respond if challenged, but have difficulty grasping their situation or acting on their own initiative.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885644)



Reply Favorite

Date: August 2nd, 2021 6:29 PM
Author: Alcoholic Splenetic Shrine Legal Warrant

"Anecdotally, cognitive performance in ranger candidates is marginal"

You don't say.



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885700)



Reply Favorite

Date: August 2nd, 2021 7:23 PM
Author: aromatic ivory step-uncle's house

4.5 hours is the minimal sustainable amount of sleep. You can do 3 hours for a month, maybe two, but after that you are fucked.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885989)



Reply Favorite

Date: August 3rd, 2021 11:43 AM
Author: hairraiser autistic national security agency

During Ranger School, I once feel asleep mid sentence as I was telling someone something. My brain just involuntarily shifted into sleep mode.

And it was always funny to see him guys fall asleep while walking. They would just wander off a trail or stand behind a tree, thinking it was a person who they needed to follow.

There’s no way this boomer was running on 2 hours of sleep a night for years.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42889353)



Reply Favorite

Date: August 2nd, 2021 6:18 PM
Author: Shaky Ape

Serious q: How were they trading from home in the 80s? They wired up bros' NYC apt buildings with Bloomberg terminals? Seems unlikely.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885658)



Reply Favorite

Date: August 2nd, 2021 6:27 PM
Author: Chocolate Meetinghouse

On the phone:

https://youtu.be/k9kKFuhNPMo?t=952

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885689)



Reply Favorite

Date: August 2nd, 2021 7:37 PM
Author: Onyx point milk

tyft- just watched the whole thing

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42886076)



Reply Favorite

Date: August 2nd, 2021 10:58 PM
Author: Swollen Doobsian Mood



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887220)



Reply Favorite

Date: August 3rd, 2021 11:44 AM
Author: appetizing abusive shitlib patrolman



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42889364)



Reply Favorite

Date: August 3rd, 2021 11:46 AM
Author: ruddy stain haunted graveyard

this was great, watched the whole thing too

paul's sidekicks seem like characters from the office

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42889375)



Reply Favorite

Date: August 2nd, 2021 6:51 PM
Author: yapping area doctorate

I posted like that 2012-2013

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885793)



Reply Favorite

Date: August 2nd, 2021 6:56 PM
Author: avocado windowlicker

why does banking require such long hours? they just don't want to hire more people?

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885816)



Reply Favorite

Date: August 2nd, 2021 7:23 PM
Author: aromatic ivory step-uncle's house

Because for $250k and open doors whereever you want, they own you.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885996)



Reply Favorite

Date: August 2nd, 2021 8:11 PM
Author: rambunctious macaca

"This is the Schulte Roth firm. The world is your oyster!"

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42886248)



Reply Favorite

Date: August 2nd, 2021 10:24 PM
Author: Onyx point milk



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887054)



Reply Favorite

Date: August 2nd, 2021 10:28 PM
Author: Duck-like stead

You get a free car ride home at 3am. Sometimes in a MERCEDES

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887075)



Reply Favorite

Date: August 2nd, 2021 10:59 PM
Author: Swollen Doobsian Mood

because clients would rather deal with 1 guy than 3 (none of whom knows the whole deal/case)

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887222)



Reply Favorite

Date: August 2nd, 2021 11:08 PM
Author: histrionic opaque death wish

Analyst drones are not client facing. I never understood why banks pay one analyst $250k to edit PowerPoint slides and fuck around in excel for 18 hours a day when they could hire two analysts for half the pay with normal hours.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887265)



Reply Favorite

Date: August 2nd, 2021 11:16 PM
Author: Swollen Doobsian Mood

Look, we always said this as junior associates too. I guess if you do 1/2 pay for 1/2 hours, one you probably don't get top talent, and 2 the old timers just don't respect you for not suffering like they allegedly did

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887303)



Reply Favorite

Date: August 3rd, 2021 11:48 AM
Author: hairraiser autistic national security agency

It’s the juniors who are elbows deep in the financials and know the business. The MDs are just there to talk with PE funds after the marketing materials and model get made. There is a surprising amount of work that goes into refining a company’s financial statements, justifying growth projections, and displaying them in an understandable format. And if the MD has a meeting with client A or PE fund Z the next morning to discuss a deal, the work has to be done before the meeting.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42889387)



Reply Favorite

Date: August 3rd, 2021 11:58 AM
Author: Ruby Property

it's just logistically hard for multiple people to work on a single pitchbook or model or whatever it is. a lot of the "work" is implementing stylistic changes on a powerpoint deck or something like that that isn't easily divvied up without losing sight of important details.

plus banks and bankers don't care. they know banking is coveted by legions of ivy league and state school kids alike and they should go through what we went through, etc.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42889452)



Reply Favorite

Date: August 2nd, 2021 7:18 PM
Author: Nofapping Community Account Sound Barrier

80% of that time was probably just spent socializing with other members of their clique

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885951)



Reply Favorite

Date: August 2nd, 2021 7:21 PM
Author: aromatic ivory step-uncle's house

Go home? My bank had a deal with the hotel across the street where we could get a room for $100 and expense it if we stayed past 11pm and we would get a free continental breakfast. I won’t say the hotel, but it was a really nice one. I got hooked on bagels with orange marmalade from the little glass jars.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42885971)



Reply Favorite

Date: August 2nd, 2021 8:07 PM
Author: avocado windowlicker

are you the one that posts those amateur vids where room cleaner enters room and catches you jerking off. then she decides to give you a HJ or BJ?

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42886221)



Reply Favorite

Date: August 2nd, 2021 7:25 PM
Author: confused hell

Wow a egomaniacal banking braggart lies about how much he worked and sleep he got

He'd be dead or would have severe dementia if he got 2 hours a sleep night after night

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42886010)



Reply Favorite

Date: August 2nd, 2021 8:08 PM
Author: ruddy stain haunted graveyard



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42886226)



Reply Favorite

Date: August 3rd, 2021 11:46 AM
Author: bistre pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42889376)



Reply Favorite

Date: August 3rd, 2021 1:28 PM
Author: Misunderstood burgundy box office legend



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42889995)



Reply Favorite

Date: August 2nd, 2021 10:19 PM
Author: red boyish clown plaza

0% chance he did this "regularly"



(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887005)



Reply Favorite

Date: August 3rd, 2021 2:24 AM
Author: Self-centered spectacular cuckoldry

don't most coke fiends die by 50

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887887)



Reply Favorite

Date: August 3rd, 2021 3:04 AM
Author: Chocolate Meetinghouse

Crypto traders do this and don't brag about it

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887970)



Reply Favorite

Date: August 3rd, 2021 3:07 AM
Author: pink marvelous principal's office mother

Cr. It's embarrassing

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42887976)



Reply Favorite

Date: August 3rd, 2021 3:49 AM
Author: Fragrant Set Feces

Uphill both ways

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42888015)



Reply Favorite

Date: August 3rd, 2021 10:30 AM
Author: jade halford crotch

there probably was like 1 or 2 weeks his entire career that were like that. This sounds like when you hear waiters boast how they make $1000 a night when they really do that maybe once a year if they're lucky.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42888958)



Reply Favorite

Date: August 3rd, 2021 1:29 PM
Author: Misunderstood burgundy box office legend

lol @ anyone believing this asshole. they worked 80 hour weeks, max. and it probably wasn't even that.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42890002)



Reply Favorite

Date: August 3rd, 2021 1:34 PM
Author: offensive plum gay wizard pit

it makes you wonder what exactly the purpose of any modern tech is. it certainly made business easier and faster but none of these "advances" has added to leisure time or an improved work culture.

(http://www.autoadmit.com/thread.php?thread_id=4891455&forum_id=2#42890042)