Word: evening
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Dates: during 1990-1999
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...inhale cigars," he explains, "but I do know people who inhale, even though it doesn't look too becoming." He pointed to a cigar in his bag. "Last week, two Cubans were here for the regatta, and they left me with two tokens, so to speak, of their country. I've smoked one and am saving the other, but I don't know for how long." He shook his head, looked at the cigar closely as if it were something to reckon with, and exclaims, "Whooo." The difference between a good cigar and a bad cigar is spitting, Billy explains...
...haven't even left Shemmer's apartment yet, but it looks good...
...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 the senior partners are, how receptive they are to analysts. It sounds suspiciously like a PR presentation for a hapless recruit...
...income of American households was $38,885 last year, by the way.) At that salary, Shemmer can afford his portion of the $2,400-a-month apartment he shares with a college friend. Still, everything's relative. Although Shemmer invests his annual bonus, he spends the rest. "I break even every month," he confesses. His three main expenses: rent, alcohol and cabs. Shemmer spends most Friday and Saturday nights partying with friends at "dives" in the East Village, a welcome change from the weekday grind. It's a pleasant lifestyle, but very different from college, Shemmer says. "I'm working...
...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...