Merrill Lynch Has Made A Terrible Mistake

Posted by Bad Leg Quezada, Nov 16, 2007 10:11AM

I'll bet the concept of CDOs as a profit structure got spread via golf outings like herpes is spread via...well....you know...

Posted by alum, Nov 16, 2007 10:20AM

I never met a lot of MIT EEs who played golf. Not surprised. Is there time for MER to rescind his contract?

Posted by Vijay Veerachandran, Nov 16, 2007 10:24AM

I recall Paul Kedroskys posting here , Golf and public company CEOs, http://paul.kedrosky.com/archives/2006/11/02/golf_and_the_pu.html

Posted by , Nov 16, 2007 10:26AM

I must say I really hate golf. Not so much because of the game (which I really don't mind) but because of the arrogant douches that typically play it. When they start talking about the "exclusive" courses they played, or banter on about being in first class next to some guy who's number 87 on the PGA standings (and then proceed to tell you all the little details like what color his socks were and so on), I just want to throw up. One more thing...if you point out how idiotic all of this is, they just give you that smug look that says "oh you little man, don't worry you wouldn't fit in anyway". Parasites.

Posted by Golf is Better Than Being Investigated, Nov 16, 2007 10:33AM

Boeing spies on employees who might be talking to the press (per today's news):

Recently, a Boeing investigator told a Puget Sound-area employee that he was followed off company property to a lunch spot, that investigators had footage of him "coming and going" and that investigators had accessed his personal Gmail account.

The primary reason for the 2007 investigation, the employee said, was Boeing's suspicion that he had spoken with a member of the media. The employee learned the details of the investigation during a three-hour meeting, in which investigators laid out some of their findings. He has since been fired.

Posted by yank he is not, Nov 16, 2007 10:35AM

learnt? i thought thain was from the continental states.

Posted by inIT4the$, Nov 16, 2007 10:49AM

Yankees have a weird thing with gold clubs up here. The courses are nice up there, but you're right most of the members are a**holes. Typically there is one dominant club "you just have to be a member of" in the south. Same deal with church.

Posted by handicapped, Nov 16, 2007 10:59AM

right on 10:26. I tried and tried and hated every moment of it. somehow I have survived in sales never playing golf just actually selling at my desk.

Posted by TheUnrepentantGunner, Nov 16, 2007 11:08AM

@10:20

Weren't like a third of the guys at LTCM MIT grads. And weren't like 100% of those guys forced to play golf by Meriwether? Or was that just an exaggeration by Lowenstein?

Posted by The 10:26 guy, Nov 16, 2007 11:09AM

Yeah, and what's the deal with the "one dominant club you just have to be a member of in the south" that 10:49 points out? Talk about a bunch of backward thinking sexist old men. If that's "the backbone" of American business, then we must suffer from scoliosis (sp?)

Posted by , Nov 16, 2007 11:23AM

10:26 except that golf is one of the most popular athletic hobbies in america and participated in by plenty of lower middle class / white trash as anyone who has ever played at a community course can attest , maybe consider the possibility it is just the people that you know who are assholes?

Posted by Lee D, Nov 16, 2007 11:32AM

Golf, Curling, and Caber Tossing all came from Scotland. That explains why heavy drinking is usually associated with all three activities.

Posted by chris, Nov 16, 2007 11:34AM

So did mass consumption of haggis but I find all four activities unappealing (although heavy drinking is OK).

Posted by 10:26, Nov 16, 2007 12:52PM

Dang 11:23...I guess I never thought of that...you might be right, but that would imply that the world is fine, it is just my world that is pack with a-holes, which outright depresses me...I think I need a drink.

Posted by Anal_yst, Nov 16, 2007 1:22PM

I'd rather play Winged Foot (or similar course) with pretentious a-holes than a county course with girly little asian men with $2k clubs who drive the ball 70 yards (and 40 degs right) any day.

Posted by hippieturnedhedgie, Nov 16, 2007 3:12PM

Frolf ftw