Why Are There So Many Jerks In Fianance

spierce Wrote:
——————————————————-
> Personally, if you’re not a profit center, then do
> your f’ing job and provide the profit center the
> work they need, regardless of whether *you* think
> it is important or not.
I am a little confused about the accounting concept here. If there is no cost, where is the profit?
FYI: Revenue - Cost = Profit
 
Activity X generates revenue.
Activity Y’s only purpose is to support Activity X has costs and does not generate revenue.
Therefore, Activity Y should be more than willing to support Activity X so that we can all get paid and stay in business. Ideally, this would be done without a bunch of whining… each party can be professional but Y needs to be sure X’s needs are being met so that the primary purpose of the business is carried out. X is in a better position to understand what is really important to the long-term success and day to day operations of the firm IMO. I don’t think this is unique to finance.
 
goes to eleven Wrote:
——————————————————-
> spierce Wrote:
> ————————————————–
> —–
> > Personally, if you’re not a profit center, then
> do
> > your f’ing job and provide the profit center
> the
> > work they need, regardless of whether *you*
> think
> > it is important or not.
>
> Most interesting post in a while. Wow. My
> condolences to the poster’s colleagues. Although
> I am sure he wouldn’t consider them as such.
I treat my B/M O with respect, but don’t bitch to me about your problems or timing. You support me, I support your paycheck with that support and my own work. There’s a food chain in nature and one in finance.
Personally, there are too many B/M O people with chips on their shoulders.
 
spierce Wrote:
> ————————————————–
> —–
> > Personally, if you’re not a profit center, then do your f’ing job and provide the profit center the work they need, regardless of whether *you* think it is important or not.
I agree 100%. I too work in a “profit center” (for those of you who don’t work in finance: “profit center” is an aggrandized term for “sales”). I actually work in client service for a hedge fund. The other day, our portfolio manager (loser who sits at a Bloomberg terminal and lacks my knack for business development) asked me to do something. As I raised the back of my hand to b**** slap him, he retreated into his office, clearly realizing that I, as a profit center, am his superior in all regards. Later that day, I called the IT guy after my computer crashed. While he tinkered with the computer on my mahogany desk, I fondled myself as I mocked his thickly accented English, superior technical education, and relatively minuscule paycheck. He left in disgust without repairing my computer. I spent the rest of the day staring at a black screen, unable to function. I could not perform my job and I certainly could not repair my computer. I realized that I am utterly useless without technology and personnel to manage and repair the technology. For a moment, I questioned whether the IT guy is actually superior to me – No way could I do his job; Could he be taught to do mine? If he is capable of getting a 3.6 gpa in computer science, could he not master the art of powerpoint and lying with statistics? The moment quickly passed, however. I looked at my Park Avenue shoes, thought of my bank account and proceeded to fondle myself.
 
So we all agree then.
It’s safe to say without one, we cannot have the other. Like EVERYTHING in life, except sea horses.
 
joemontana Wrote:
——————————————————-
> spierce Wrote:
> >
> ————————————————–
>
> > —–
> > > Personally, if you’re not a profit center,
> then do your f’ing job and provide the profit
> center the work they need, regardless of whether
> *you* think it is important or not.
>
> I agree 100%. I too work in a “profit center”
> (for those of you who don’t work in finance:
> “profit center” is an aggrandized term for
> “sales”). I actually work in client service for a
> hedge fund. The other day, our portfolio manager
> (loser who sits at a Bloomberg terminal and lacks
> my knack for business development) asked me to do
> something. As I raised the back of my hand to
> b**** slap him, he retreated into his office,
> clearly realizing that I, as a profit center, am
> his superior in all regards. Later that day, I
> called the IT guy after my computer crashed.
> While he tinkered with the computer on my mahogany
> desk, I fondled myself as I mocked his thickly
> accented English, superior technical education,
> and relatively minuscule paycheck. He left in
> disgust without repairing my computer. I spent
> the rest of the day staring at a black screen,
> unable to function. I could not perform my job
> and I certainly could not repair my computer. I
> realized that I am utterly useless without
> technology and personnel to manage and repair the
> technology. For a moment, I questioned whether
> the IT guy is actually superior to me – No way
> could I do his job; Could he be taught to do mine?
> If he is capable of getting a 3.6 gpa in computer
> science, could he not master the art of powerpoint
> and lying with statistics? The moment quickly
> passed, however. I looked at my Park Avenue shoes,
> thought of my bank account and proceeded to fondle
> myself.
200% agree.
Sell the back office! Sell IT! Sell receptionists! Who needs them!? I can fix my own printer/reconcile my own trades/answer anyone that rings anytime! Buy profit centers with thousand of FO people like ME. Yeah! I love profit, we should buy more of them profit centres. Profit centres good, cost centre bad. Them and their f*in problems. I don’t want to hear the whines of these drones! Sell them all. I can do all the work I need with two tin cans and a piece of string. Sell, buy, buy, sell. Hey, my fkkin string broke. Maybe we should hire a string guy…?
 
Finance also isn’t a game for people who get easily offended or upset. Which there seems to be a fair amount of around here.
You gotta dish it back out if they throw it at you. It’s like with a girl, if she tossin it your way, you gotta throw it back at her, otherwise you’ll be forgotten.
Just sayin.
 
Some of the stories on here are so detailed and hilarious. I love this place.
 
Muddahudda Wrote:
——————————————————-
> joemontana Wrote:
> ————————————————–
> —–
> > spierce Wrote:
> > >
> >
> ————————————————–
>
> >
> > > —–
> > > > Personally, if you’re not a profit center,
> > then do your f’ing job and provide the profit
> > center the work they need, regardless of
> whether
> > *you* think it is important or not.
> >
> > I agree 100%. I too work in a “profit center”
> > (for those of you who don’t work in finance:
> > “profit center” is an aggrandized term for
> > “sales”). I actually work in client service for
> a
> > hedge fund. The other day, our portfolio
> manager
> > (loser who sits at a Bloomberg terminal and
> lacks
> > my knack for business development) asked me to
> do
> > something. As I raised the back of my hand to
> > b**** slap him, he retreated into his office,
> > clearly realizing that I, as a profit center,
> am
> > his superior in all regards. Later that day, I
> > called the IT guy after my computer crashed.
> > While he tinkered with the computer on my
> mahogany
> > desk, I fondled myself as I mocked his thickly
> > accented English, superior technical education,
> > and relatively minuscule paycheck. He left in
> > disgust without repairing my computer. I spent
> > the rest of the day staring at a black screen,
> > unable to function. I could not perform my job
> > and I certainly could not repair my computer.
> I
> > realized that I am utterly useless without
> > technology and personnel to manage and repair
> the
> > technology. For a moment, I questioned whether
> > the IT guy is actually superior to me – No way
> > could I do his job; Could he be taught to do
> mine?
> > If he is capable of getting a 3.6 gpa in
> computer
> > science, could he not master the art of
> powerpoint
> > and lying with statistics? The moment quickly
> > passed, however. I looked at my Park Avenue
> shoes,
> > thought of my bank account and proceeded to
> fondle
> > myself.
>
>
> 200% agree.
>
> Sell the back office! Sell IT! Sell receptionists!
> Who needs them!? I can fix my own
> printer/reconcile my own trades/answer anyone that
> rings anytime! Buy profit centers with thousand of
> FO people like ME. Yeah! I love profit, we should
> buy more of them profit centres. Profit centres
> good, cost centre bad. Them and their f*in
> problems. I don’t want to hear the whines of these
> drones! Sell them all. I can do all the work I
> need with two tin cans and a piece of string.
> Sell, buy, buy, sell. Hey, my fkkin string broke.
> Maybe we should hire a string guy…?
About the only thing I can’t do is run the email servers.
IT isn’t that hard, I learned it on my own, got a job doing it for 3 years while in undergrad. I then learned SQL and database structure at my first job doing massive data analysis of a loan portfolio.
It isn’t anything special.
The biggest thing is that the BMO’s should realize they are there to provide a service, not the other way around. I couldn’t tell you how many snarky BMO people I’ve had to deal with to do simple things.
 
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