David Ambinder spent nearly a quarter-century in the banking industry before Wall Street caved in on him last summer. "You kind of knew it was coming," says the former executive at a host of major financial firms, "you just didn't know when." Like hundreds of thousands of other professionals there, Ambinder was stunned by the rapidity with which the credit crisis swept through some of the world's... [more]
David Ambinder spent nearly a quarter-century in the banking industry before Wall Street caved in on him last summer.
"You kind of knew it was coming," says the former executive at a host of major financial firms, "you just didn't know when."
Like hundreds of thousands of other professionals there, Ambinder was stunned by the rapidity with which the credit crisis swept through some of the world's most venerable financial institutions.
His career as he knew it, which most recently took him to Lehman Brothers but previously had landed him at Goldman Sachs and Salomon Brothers/Smith Barney, was over.
And like many in his position, Ambinder isn't waiting around for his job to come back.
http://www.cnbc.com/id/28576105
No effect on Manhattan real estate.
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Response by Morrison
over 17 years ago
Posts: 2
Member since: Jan 2009
Many translator jobs no longer necessary.
Steve Hanley spent nearly a quarter century translating documents for growing industries before the economy took a hit. One of the biggest indirect drivers of the need for translations, Wall Street, caved in last summer.
"Usted clase de supo que venía," says the former laid off auditor from Price Waterhouse who took up this career so that he could set his own hours ranting at people on message boards.
Like hundreds of thousands of words that Hanley translated, the need is no longer there, and for those who still do need translations, a lot has been sent to some of the world's lower cost locations, or to Google translations.
Hanley's career as he knew it, which most recently had him trying to audit the financial statements of the new Bank of America just to compare to the old Bank of America before many of the mergers of the past decade, was over.
And like many in his position, Hanley can no longer qualify for the 40x rent requirement that his current 2 bedroom in Chelsea requires. "Siempre es mejor alquilar que comprar," Hanley was heard uttering at a comedy recent comedy show. "Comprar acciones en lugar brasileña." PITI!, PITI!!!
Many translator jobs no longer necessary.
Steve Hanley spent nearly a quarter century translating documents for growing industries before the economy took a hit. One of the biggest indirect drivers of the need for translations, Wall Street, caved in last summer.
"Usted clase de supo que venía," says the former laid off auditor from Price Waterhouse who took up this career so that he could set his own hours ranting at people on message boards.
Like hundreds of thousands of words that Hanley translated, the need is no longer there, and for those who still do need translations, a lot has been sent to some of the world's lower cost locations, or to Google translations.
Hanley's career as he knew it, which most recently had him trying to audit the financial statements of the new Bank of America just to compare to the old Bank of America before many of the mergers of the past decade, was over.
And like many in his position, Hanley can no longer qualify for the 40x rent requirement that his current 2 bedroom in Chelsea requires. "Siempre es mejor alquilar que comprar," Hanley was heard uttering at a comedy recent comedy show. "Comprar acciones en lugar brasileña." PITI!, PITI!!!
http://www.streeteasy.com/nyc/talk/discussion/7521-many-jobs-on-wall-street-may-never-come-back
No effect on Manhattan real estate.
"Usted clase de supo que venía"
""Comprar acciones en lugar brasileña."
LMAO.
Apparently my services are needed, because your electronic translator doesn't work.
Plus I have plenty of bankruptcy stuff to work on.
Apparently my services are needed, because your electronic translator doesn't work.
You are joking right?
It is spanish, close enough is just fine. It isn't like English. Carlos Slim learned English.
Close enough to what? Nonsense?
The first one says, "You class of he knew that it was coming."
The second one says, "Buy actions in Brazilian place."
WTF?
Back to my bankruptcy work....