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Honest Cover Letter Charms Wall Street

Jeremy Taylor — Wed, 16 Jan 2013 20:55:42 +0000

Summer internships on Wall Street can be difficult to snag, especially if you aren't related to one of the firm's senior executives.

But as an unnamed college student has proved, the really honest approach to job seeking can also work. His cover letter, in which he admits he has "no unbelievably special skills or genius eccentricities" and says he "no qualms about fetching coffee, shining shoes or picking up laundry," was immediately passed around the boutique investment bank he had applied, where it was praised as an instant classic.

Wall Street Bonuses Slated to Decline in 2011

Shauna Wright — Tue, 08 Nov 2011 17:52:04 +0000

In news that will likely make all those Occupy Wall Street protestors cheer, New York compensation consulting firm Johnson Associates projects the average Wall Street bonus will decline by 20 percent to 30 percent this year. While traders, bankers and top executives typically receive healthy base salaries of $100,000 to $1 million, most of their [...]

Survey of the Day: 47 Percent of Americans Think Wall Street Harms the Economy

Jeremy Taylor — Mon, 17 Oct 2011 18:58:11 +0000

The Occupy Wall Street movement continues to generate headlines, so what better time to see what Americans actually think of our esteemed financial institutions? Forty-seven percent of Americans think Wall Street hurts the American economy more than it helps, whereas only 38 percent think the opposite is true. Fifteen percent of the 3,029 adults who [...]

Angry Mom Hires Plane to Fly Nasty Message Over Wall Street

Shauna Wright — Fri, 12 Aug 2011 04:17:55 +0000

At lunchtime on Tuesday, New Yorkers in Lower Manhattan were treated to an unusual sight — a small plane buzzing by the Standard and Poor’s building, towing a banner that read, “Thanks For The Downgrade: You Should All Be Fired.”

Commissioned by St. Louis banker and single mother Lucy Nobbe, who paid $895 to hire the pilot, the fly-by was a reaction to the US losing its longtime AAA credit rating last Friday.