Posted by Steve-NYC on May 02, 2000 at 08:35:03:
Thanks for the feedback…
I may have not have made my point clear enough, but I was not making a statement directly about high salaries (obviously the point here is to make money), long hours (necessary for just about everything one wants to excel at).
The statement I made of “high salaries dictate a lifestyle that necessitates a high salary” was only to add some context and background to my experience on Wall Street…one in which more money, for most of the people I’ve met, does not equate into financial security…only into more expenses.
The prevailing attitude I’ve encountered is one of excess and poor planning: managing directors making thousands and thousands of dollars every year and spend beyond their capability to the point where they HAVE to make a good bonus to pay their debts.
The other aspect of my experience has been the culture. Anyone who has worked on Wall Street I’m sure has directly or indirectly experienced the excess of the corporate finance/trader worlds. Worlds in which I’ve experienced extreme spending and first hand how money can corrupt an individual without focus: bankers/traders spending hundreds and thousands of dollars on lavish meals, strippers, private jets, drugs, gambling, extreme vacations, etc. or just literally destroying money for the fun of it - because they can.
If my point isn’t clear by now, I apologize, I’m not the best writer. I was trying to say that on Wall Street, in my experience, getting promoted means getting closer to world of excess that doesn’t match my personal or financial values.
I’m not sure what your point was about Carleton Sheets…if I didn’t mention to you previously, I am most definately a NEWBIE. My resources and myself have been thoroughly assessed and I’m right on track- stick around and see, I’ll keep everyone posted!