Maggie's Farm

"So it's a good time to be a young, junior person on The Street, because they mainly focus on dropping the expensive people"

Who they drop are the young brokers who are building a book. If they aren't on "pace" to bring in the golden number, whereever the firm has set that number, the young broker gets canned and his book allotted to the successful brokers.

If you're an analyst being paid too much and producing too few deals by bringing in new clients with bogus due diligence analysis , you're dog meat and G O N E.

The so called wall of separation is still just a joke ..analyst know they must develop business with sweetheart reports.

If your anything else it's a crap shoot.