After the 'Darkest Year,' a Changed Wall St.
By Patrick McGeehan
... Inevitably, some Wall Streeters have re-evaluated their lives [over the past year]. Caught up in a swirl of sometimes conflicting emotions — anger, defiance, perseverance and patriotism among them — more are engaging in charitable activities, said Frank Fernandez, chief economist at the Securities Industry Association. Only a few, however, have left the securities industry. After a lot of talk about walking away from their high-paying jobs, most have stayed on.
They are no longer so proud, though. Two years ago, people still bragged at cocktail parties about being investment bankers, Mr. [Alan] Johnson [managing director of pay consulting firm Johnson Associates] said.
"Nobody would say that now," he added. "I don't remember a time when you had to feel bad about being an investment banker."
[http://www.nytimes.com/2002/09/08/business/yourmoney/08WALL.html]
Carl
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