He was a horrible manager, because he was completely self-involved by the time he had gotten control of the firm.… You see that in the succession of marriages and children, and blowing Claude up, and marrying Chao, and having an affair with a business-school student and having a child out of wedlock. He was just given over to complete narcissism. He had lost his relevance. Nobody in corporate America particularly cared about what he had to say, and he wasn’t particularly good about saying it. Nine out of 10 things that came out of his mouth were crazy, or unfounded, or reflected a lack of attention to his audience and what their issues were. One out of 10 was smart, scary smart. But you’d take him to client meetings and most of the time you’d be exchanging looks with the C.E.O. of the company that you were taking him to see.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Tuesday, March 30, 2010
How not to denouement in life
A former partner's obituary for Bruce Wasserstein:
Labels:
culture,
Wall Street
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