Blast From the Past: the Paul Leung Memo, 2000

January 20, 2009 2:04 pm
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Here we have a very young recruit to Salomon Smith Barney’s Investment Banking Division, barely 23, telling his bosses how they need to get on the stick and give the SSB kids the same favors and freebies that their ex-classmates at Lehman and Goldman Sachs are getting. Unlimited expense accounts, no responsibility for T&E reports, and free black-limo rides to work are some of these routine perquisites. ….His aggressive advice spooked Managing Director Hans (”Harry Potter”) Morris, and soon led to one of the most diastrously morale-sapping innovations of the era: the non-stop casual-dress policy…

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