Word: banks
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Dates: during 1990-1999
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Although violence erupted among the 30,000 protestors in Seattle yesterday (please see story, page A-2), the Boston protest was peaceful. The protestors marched from Park Street to the Boston Federal Reserve Bank, located next to South Station. At the bank, the group heard several speeches condemning the WTO and its practices...
...Just say no to the WTO!" the marchers chanted, as they made their way to the Federal Reserve Bank...
...Yadin Shemmer is sprawled on the couch with his morning orange juice, looking crisp in a blue dress shirt, khakis and slicked-back hair. After graduating from the University of Pennsylvania in 1998, Yadin moved to the city to work as an analyst for Broadview, a boutique investment bank specializing in high-tech firms. There are thousands of young people like him in New York, working a two-year stint in finance, sporting dress shoes and bulging billfolds. From the outside it looks like the lifestyle of a GAP ad--urban excitement plus youth plus heaps of money...
...analysts I meet emphasize how laid-back Broadview is. "My hours are better than my friends at any other bank," Shemmer says--a mere 75 or 80 hours a week, compared to as much as 100 at larger banks. At the biggest firms, the partners conduct "bed checks"--stopping by each cubicle at 9 p.m. to make sure analysts are still at work. At Broadview, I'm assured, you might even get out the door by 7 on a good day. The style is strictly "business casual," which means no one under 30 wears a tie. Shemmer stresses how friendly...
...employee gains inside information about a stock, no one at Broadview can trade it. Shemmer is responsible for maintaining the restricted list, which changes hourly. The list reads like a who's-who of the technology industry. (Insider information could be a significant problem for an investment bank: Even in the course of researching this article, I learned about several upcoming mergers that could have netted a well-timed profit on the market...