SAC Capital

A home town boy Steve A Cohen is once the revered name on Wall Street: who doesn’t know the King of hedge fund? The New York Times even had a picture of him brunching with his wife at a local deli.

Unremarkable looking guy with a remarkable risk taking appetite that rewarded him handsomely. Now, the New York Magazine reported some sordid stuff.

The obligatory sodomy sessions, golden showers ..
“You’ll have to give me a blow job if you want to make that trade.”

This was man on man: a newbie trader Andrew Tong had to endure his boss, portfolio manager Ping Jiang, over the course of a year. Mr. Tong stayed because .. needing the job? I just can’t figure it out why a normal human would let this abuse to go on for a year. Does that fat pile of money justify this level of abuse? Mr. Jiang seemed a lunatic and closet gay. It’s so unsympathetic for me to say this, but what did Tong want in return? He wasn’t in a bent, was he? Each of us has leverage and freedom. It wasn’t like Tong was being abducted. What was his story for the year long saga?

About The Kibbitzer

bio info .... mmmm ... still working on it ... will add soon ...
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