3,000 Millionaires Claim Jobless Benefits

...and how much city, state, and federal tax they paid that year?

Should they also not take any tax deductions from donations too? Is that shameful?

Many rich people are cheap...so what?

why is it cheap to take benefits that you have earned?

So many questions

You're right. Wrong choice of word. I do agree that it's earned. I meant to say that the rich look after every penny whether they need it or not. I think there's nothing wrong with that. It's just that many people seem to be amazed when the rich care about every penny they earned... I like the term frugal better, and I admit I am frugal, though I wouldn't call myself rich, at least not financially..

Everyone that I knew at Merrill lynch, soloman, Goldman and JP Morgan 2 yr analyst programs all took unemployment after applying and getting into MBA programs. It was a rite of passage to get your boss to 'fire' you so you'd get unemployment while you vaca'd before starting MBA program.

Yeh, I guess some morons were not tight enough with their superiors to talk if over a brewskie, and get it done.... But let's just say i've taken unemployment in the past. :)

w67thstreet
all the time

My mommy made me make jewelry to support the family. And my daddy bought clothing from the Salvation Army. And my uncle is gay. And in India they have castes. And I rented in a building and didn't pay last month's rent. And then the racists at Dean Witter Reynolds didn't promote me even though I was a TA in business school. And then I bought a building and got into lawsuits with my tenants. And then I farted and took a dump.

You didn't work at Merrill or soloman [sic] or Goldman or JP Morgan.

The best you could do was Dean Witter Reynolds Discover Card.
You worked in 2 WTC, as you've admitted. None of the firms you mentioned were there.

This is a non-issue. UE is MANDATORY. you CANNOT opt out. Since you HAVE to pay into it (and medicare, workman's comp and SS) why SHOULDN'T you take it out?

"Everyone that I knew at Merrill lynch, soloman, Goldman and JP Morgan 2 yr analyst programs all took unemployment after applying and getting into MBA programs. It was a rite of passage to get your boss to 'fire' you so you'd get unemployment while you vaca'd before starting MBA program. "

Complete and utter BULLSHIT. The 2-year analyst programs end at the end of August, and ALL the top MBA programs begin either in August, or at the LATEST, right after Labour Day. There is zero time in which to collect UE.

I know because I have done both, and the kid who works for me now is applying to a bunch of schools (Wharton, Harvard, NYU, Columbia, Tuck, Berkeley). And my younger brother just gradated from Kellogg after a stint at JPM. First hand knowledge X3.

^^^and I might add that its VERY hard to get in to any of the above with JUST two years work experience, which is why most kids do 2+1 or 2+2 at the same bank, or 2+? at bank 1 and then XYZ job (bank or non-bank i.e. corproate, hedge fund, whatever.) The average MBA at a top 20 school has 4.5 year post-undergrad work experience, and maybe 5% have only 2.

So w67 doesn't know what he is talking about, again. Interesting . . .

LICC, it must be lonely in your mind, being the only one who's ever right about anything, who really isn't but then of course you did step on that rusty needle in the sand on Water Taxi Beach, and nothing has ever been the same since.

Dump67St - I don't have a dog in this fight, just wanted to add, Merrill is located in both 2 & 4 WFC.

Oh Jason. Let me apologize as you apparently have seen every iteration of every top tier MBA program in the country over the last 25 years. Yes, my friend who did 2 yrs at soloman and their entire team got bought to merrrill and who took a 6 month unemployment btwn the change To get married is a figment of my imagination. So too is My wife who was offered a Goldman banking job with her phi beta kappa and premed work And who DEFINITELY did not do 4 yrs of 'relevant banking' stuff. Yes, there is only one way to an ibank, and none involves 'unemployment'.

Oh let me kowtow to you, the investment banking Recruitor who spends way too much time on SE. Hey have you ever tried to be hip by letting a group of recruits take your corporate card? The rare investment banking in house Recruitor, like a PR guy/gal for the 'real' bankers.

Oh w67thstreet.

(ps I like how your spell recruitor. Do you do that on purpose or did they do that at Dean Witter Reynolds?)

sparkette, 2 World Trade Center, not World Financial Center.

You are a dummy west 67th. I said its HARD with only two years, not impossible. I said "maybe 5%" do it now, and even in my class (of 2002) we had one or two with zero years in between. And in the 80s it was much easier. Since the early 90s the average has been 4.5 years. For every top twenty program.

And I am old enough to have been an analyst in the early 90s, and from that time until now EVERY Wall Street bank's two year program has started and ended mid-to-late summer. Every single one. I don't know that from being a recruiter (I suppose that is some sort of insult.) I probably would be good at recruiting, I was rush chiar of my fraternity, who knows. And I actually have discussed being Stern-NYU "captain" for my firm. But no, I am not a recruiter. I just remember very well my own and my younger brother's post-undergrad and post-MBA job search, and also happen to now have a 3rd year analyst working for me who is applying. And a good memory of all those US News and B-week articles on such.

And finally - Your above quote is ""Everyone that I knew at Merrill lynch, solomon, Goldman and JP Morgan 2 yr analyst programs all took unemployment after applying and getting into MBA programs."

Not during the six months of gardening leave between firms. You said BETWEEN the analyst program and the MBA. Which is clearly and unambiguously utter and complete bullshit.

jason why dont you stf up every once in awhile, you know shite about wall st but you constantly post on your expertise. you are the ultimate "outsider" who thinks he has inside knowledge. effin boring.

> I said its HARD with only two years, not impossible

Its only hard coming from banking or consulting or the other spots with a billion other applicants.

Come from P&G or something interesting, its cakewalk.

let me get this straight...Jason
1) you are a frat boy = I can't make friends on my own, I need 20 "brothers" w/ me to talk to a girl at bar kinda guy... flmaoz....
Q: How many live goldfish did you eat and how many times did you run naked around the campus to make "friends"?
2) you went to NYU Stern, why? At this point in your education, you are trying to land the "name" school, bc really DeVry can teach you how to run a cash flow, it's really the network you're trying to get. I can see why you keep talking about the TOP 20, why not top 40 or top 100? I like the TOP 5... it rolls off the tongue nicely...

And yes, apparently if you GO to a TOP 20 school, and you have 3 personal experiences... well then you've got the WHOLE world figured out, no?

Stern, agreed, why bother.

The old saying was always "top 4 or don't go"...

1) I am gay
2) Never
3) Stern is currently tied for #9 on USNW MBA rankings, and its a top 5 school for every bulge-bracket i-banks recruiting. As in, there are about as many kids from Stern as from Wharton, Chicago, Harvard, Kellogg, MIT, and Columbia each class across the Street, and multiples more of each of those than Stanford, Duke, or Haas. Of course the latter four are generally top ten (or in the case of Stanford, top 5) on the various surveys but not for Wall Street recruiters. For example, in my summer internship at ML class we had btw 23-29 MBA each from NYU, Columbia, Harvard, Wharton, MIT, Chicago, and Kellogg across all disciplines - out of 250 globally. The other 75 were divided between the other top 20 (or 25) schools. I from Stanford. 3 from UCLA. Etc. Why? Because ML ONLY recruited at those 7 "core" schools. Ditto for my full time gig at JPM. They recruited at only five schools, and so on down the list.

If you want to do consulting or marketing or high tech, stern is not your school, perhaps. But for finance and Wall Street? It certainly is.

Especially when you get a full tuition scholarship like me.

As for my three personal experiences - what are you retarded? You don't think out of undergrad and B-school that I did not research and apply to all the bulge bracket firms? Or that my brother didn't? Or that the kid who works for me (and was at Bear prior) did not also? Or that my friends from Stern (and from Cal) across the Street did not discuss their recruiting with me?

If I am wrong, please name ONE SINGLE bulge bracket - or even mid-sized firm that has its incoming analyst class start anytime other than July-August. And one that has the same end anytime other than July-August. You will NEVER be able to name one because no such firm exists.

I find it funny that rangersfan, somwehere, and w67th seem intent on bashing me personally rather than say actually making an argument.

FYI - the "a frat boy[z] = I can't make friends on my own, I need 20 "brothers" w/ me to talk to a girl at bar kinda guy... flmaoz...." types I know do in fact get laid about 10X more often than the average guy, and probably are far more likely than guys like me to have high paying jobs on Wall Street than you, so it would hardly be an insult were I to be such a type.

so w67 couldn't get the promotion to associate after his 2yrs - I guess daddy's $$ could only get him so far.

jason you gay? Man, I can't hate gay ppl. My favorite uncle is gay. Seriously.

printer pls tell me you are gay....

jason my "intent at bashing you" is basically rooted in your apparent need to constantly post on these boards with drivel. you talk about the "kid working for you" and your first-hand knowledge on the inner workings of the street. i agree with w67th that it likely you are a recruiter and if youre not, then whatever they are paying you is far too much cause it appears you have untold hours to post here with bs crapola. just sayin.

> 3) Stern is currently tied for #9 on USNW MBA rankings

Ha, I remember when... uh... MIT topped those. Really? US news?

> and multiples more of each of those than Stanford... Of course the latter four are generally top ten
> (or in the case of Stanford, top 5) on the various surveys but not for Wall Street recruiters.

You're confusing what recruiters want with what recruiters can get... Stanford has been getting top classes for quite some time, and most just don't want Wall Street...

My Stanford friends, like the Yale law folks, pretty much had their choice of where they wanted to go...

Jason10006,

1) Partly explains why you are an erudite. Can you share your logic and facts, without your condescending rhetoric.

rangersfan - what fucking ever. You have never once actually countered anything I have said with a factual arguement or an article link. You simply personally attack me. if I WERE a recruiter, then the points I make in this thread would be impeachably correct, now wouldn't they?

Beyond this thread, nothing I have said about the "inner workings of Wall Street" has been countered by you other than by some lame put-down. I am NOT a recruiter, and it would be sad for me if I majored in Econ at Cal and got an MBA in finance at NYU were I to be one. As for the time I spend here - it averages maybe five to fifteen minutes per day. More often than not I type postings on my iphone while in a cab or while watching TV at home.

But let us just use common sense re: my argument here - when do ALL undergraduate schools hold graduation? May-June. When, therefore, would ALL 2-year Wall Street analyst programs have to logically began no earlier than July. In fact, SOME start in July, but most in August or September. But in either scenario there

'You're confusing what recruiters want with what recruiters can get... Stanford has been getting top classes for quite some time, and most just don't want Wall Street..."

Chicken or egg, they don't send recruiters to Stanford. It does not matter WHAT school you go to - if they don't have on-campus interviews, alumni cocktail receptions on campus, etc, etc, its MUCH harder to get a job on the Street. Especially if you have to fly 3,000 miles and schedule informationals on your own.

The fact as, the summer internship class is largely chosen (as with law school) BEFORE interviews actually start based on how first year MBA do in informational interviews and bank and school-sponsored events. Literally 5-7 out of 12 spots in say sales & trading from a given school. That means the rest of of the kids from 5-10 "core schools" AND everyone else from the other top schools have to compete for the remaining 6 spots multiplied by 5-7.

So the MBAs from UCLA, UT, Yale, Tuck, and Stanford I spoke to while at Merrill and JPM definitely said it was harder for them.

I would also think its MUCH easier for a Stanford or Cal MBA to get a venture capital job in the Bay area, or a high-tech or consulting gig anywhere than it would be for someone from Stern. It's certainly easier to get a general management or marketing job from Kellogg, Cal, Michigan, and a whole host of other schools than it is from Stern (or Chicago.)

Stern is only really a "top school" on par with Harvard (or better than Stanford) if your goal is to get a finance or wall street job. For every other field, other schools are generally better, and Harvard and Kellogg are great for everything.

Look at the UNWR or BW rankings by discipline. Stern is like #19 in marketing, and not even top 20 in general mgt. Etc. Stanford is NOT top 5 finance. Its generally Chicago, MIT, Wharton, NYU, and either Columbia or Kellogg. And these are RECRUITER's ranks only.

I just deal in facts.

My point with chicken-egg meant they STOPPED sending recruiters to Stanford in the dot-com bubble years precisely because they could not get anyone. Ask ANYONE who worked at ANY bulge bracket in ANY front-office area from 1995-2003, and they will tell the same about Stanford. So too will some consulting firms.

Volume 3 by Alan Hart

http://www.aljazeerah.info/Opinion%20Editorials/2010/August/8%20o/Conflict%20without%20End,%20Epic%20History%20of%20the%20Israeli-Palestinian%20Conflict,%20By%20Alan%20Hart.htm

Conflict Without End?

Epic history of the Israeli-Palestinian Conflict

a New Book By Alan Hart

Al-Jazeerah, CCUN, August 8, 2010

VOLUME 3
Conflict Without End?
Alan Hart's epic history of
the Israeli-Palestinian Conflict
ISBN: 978-0932863690 392 pp.

This thread gets the donkey award for all that posted

Another thread that goes to show W67th is a fraud.

Daddy's $ can only take you so far.