Personalities: Players and Deal-makers
Persons associated with Wall Street have become famous. Although their reputations are usually limited to members of the stock brokerage and banking communities, several have gained national and international fame. Some earned their fame for their investment strategies, financing, reporting, legal or regulatory skills, while others are remembered for their greed. One of the most iconic representations of the market prosperity is the Charging Bull sculpture, by Arturo Di Modica. Representing the bull market economy, the sculpture was originally placed in front of the New York Stock Exchange, and subsequently moved to its current location in Bowling Green.
Wall Street's culture is often criticized as being rigid. This is a decades-old stereotype stemming from the Wall Street establishment's protection of its interests, and the link to the WASP establishment. More recent criticism has centered on structural problems and lack of a desire to change well-established habits. Wall Street's establishment resists government oversight and regulation. At the same time, New York City has a reputation as a very bureaucratic city, which makes entry into the neighborhood difficult or even impossible for middle class entrepreneurs.
Several well known Wall Street individuals include John Meriwether, John Briggs, Michael Bloomberg, and Warren Buffett (All affiliated at one time or another with the firm Salomon Brothers), as well as Bernie Madoff, and numerous others.
Many talented financiers and bankers worked for Wasserstein Perella & Co. during the 1980s.
The now defunct investment bank of Donaldson, Lufkin & Jenrette had numerous talented people working there including people such as William Donaldson who served in the Nixon administration, as well as Ken Moelis, Bennett Goodman, Herald "Hal" Ritch, Joel Cohen, Safra A. Catz who became president of Oracle Corporation, Tom Dean, Larry Schloss, Michael Connelly, and others.
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Famous quotes containing the word players:
“People stress the violence. That’s the smallest part of it. Football is brutal only from a distance. In the middle of it there’s a calm, a tranquility. The players accept pain. There’s a sense of order even at the end of a running play with bodies stewn everywhere. When the systems interlock, there’s a satisfaction to the game that can’t be duplicated. There’s a harmony.”
—Don Delillo (b. 1926)