Posted by:
voltaire
(
)
Date: January 01, 2011 02:42PM
http://ldsinformation.net/2010/10/04/financial-times-the-rise-of-a-new-generation-of-mormons/"Smith says Mormons were rare on Wall Street when he first got a job in the early 1980s. But, as he puts it, 'banks like nothing more than finding an undervalued stock. And Mormon graduates were just that: a stock which was cheaper to buy, and which over-performed.'"
Mmm hmmm, perfect definition of stupid people in the workplace: bargain-basement-priced overachievers. No wonder Wall Street jumped on them--they had "cheap-suit sucker" written all over them.
"Engebretsen uses a different analogy: Michael Lewis’s baseball book, Moneyball. 'Remember how Lewis talks about how the Oakland A’s would find a second-rounder, and bring him in the first round instead? He’d perform way better. The same is true for someone at BYU. If they think this is their chance to play in the big leagues, they are going to work really, really hard.'"
Two phrases spring to mind: "ready-trained gopher." "You like me! You REALLY LIKE ME!!!"
"In the meantime, the calls are coming from headhunters. Scott Nycum, a managing director at JPMorgan, confirmed that BYU is now seen as a top source of graduate talent: 'These students are bright, mature, well-educated, share our emphasis on adhering to highest standards of integrity, have impressive work ethic and are very team-oriented,' he says. 'They fit extremely well with our firm’s corporate culture.'"
Umm, professionally-speaking, really guys? Those are qualifications for low-level personnel, not top-tier officers. You will never hear a top-level candidate described with that kind of generic "cooperative" terminology.
"A Goldman Sachs executive, meanwhile, says the bank is hiring LDS graduates in increasing numbers, also impressed by their work ethic. The same was true, I heard anecdotally, at top-tier law firms in the US. And the CIA is reported to snap up LDS graduates for, if nothing else, their language skills."
Wow.
"Work ethic"? Quick! Hire more Mormon gophers!
"I heard anecdotally, ..." ANECDOTALLY? I heard, anecdotally, that Obama was born in Kenya, that the check is in the mail, and that no Mormon male would ever come in your mouth. Anecdotally.
And... (and here is where you really should get yourself all lathered up) ...AND "the CIA is reported to" ...have found evidence of weapons of mass destruction! ...have never released hiring statistics! <<Yawn>> NEXT!
And as an aside to all this frivolity: if there IS actually any significant increase in the percentage of Mormons working on Wall Street, their known penchant for MLMs and financial fraud schemes back home in the Mormon Corridor only serves to make me even more wary of potential future Wall Street dirty dealings with Mormons at their core. It's bad enough with the Poison Ivy League running the place.