December 15th, 2006

coolmanwithcoffee

[quote] QotD

Here's how Emanuel Derman in "My Life as a Quant" remembers his days at Salomon Brothers:

Salomon was a tough place. The first thing I noticed when I started work was that everyone came late for meetings. The most senior people arrived last, each of them popping their heads into the door to see if everyone else was there and then quickly leaving if they weren't. The junior people took advantage of this chronic lateness to be late themselves. Everyone was so determined to not have his or her own time wasted that they collectively wasted everyone else's.