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Okay, c'mon, focus. Okay, Cathy, you got this.
When must a firm notify FINRA of penalty
bids or syndicate covering transactions?
Before engaging. Yes. No - before and after.
Before and after. Yeah.
Alright, boys and girls. Time is up.
You've completed your training and
you've now taken the Series 79 exam.
All of you wannabe bankers are one step
closer to actually being bankers.
So while we tabulate your scores, I want you
to take a look at this very informative video
about our firm.
Started in 1986 as a family investment management
operation, Jack Boldwyn has built Boldwyn Brothers
into an international leader in financial services.
-Remind me what group you're in again? -TMT. You?
Retail. That's your boss up there
Our investment banking division provides the Fortune 500 with strategic
advisory services on mergers and acquisitions, divestitures, and debt and
equity underwriting of public offerings.
Boldwyn Brothers. Fortune favors the bold.
Fortune favors the bold.
Alright I am going to read a few names. If you hear
yours, you will stand.
Brian Chung.
Eamonn Parker.
Joanna Chadwick.
Get the fuck out.
You did not pass the Series 79.
Your offer of employment is hereby rescinded.
Do not pass go, do not collect $200,
Go directly to loser jail.
Get the fuck out!
Get the fuck out!
Goldman Sucks and Douche Bank may give their reject employees a second chance
but here, we only hire the best.
This is the most rigorous career track on Wall Street.
In three years, only half of you will make VP.
Less than five will make Director.
And the rest of you can hit the fucking bricks,
because it's up or out.
So I want you to ask yourself,
Are you in or out?
Welcome to Boldwyn Brothers.
Your career begins tomorrow 8 o'clock sharp!
[Music]
Julie!
Where my analysts?
I don't know but Neil's in, I left your dry-cleaning here and
here are your poached eggs from the Four Seasons.
Thank you.
Neil!
-Where are my analysts? -They had a long night here, sir.
Get me a fucking analyst or I'll demote you so fast, you'll be shining shoes in the lobby.
I'm on it, sir.
[Knock]
Good morning!
Cathy Lee, sir. It's my first day.
-Cathy, glad to have you on the team. -Thank you.
Don't fuck it up.
Okay.
[Knock]
Good morning, Neil.
What should I do?
Walk around, find a desk with your name on it.
Free breakfast today huh?
Does this look like Silicon Valley to you?
Do you mean like the city or the show?
Hey boss man, I just got the email about the free breakfast.
Get out.
Now. Go. Leave.
See you in the meeting.
-This one, I found it! It's right here. -You found it? You got it?
Okay, great, sit down and get to work.
Okay. Yep.
[Traffic]
After you've been here a week, you won't even notice the noise.
Steve!
-I haven't seen you since -Since you TA'd my econ class at Cal.
I'm glad you joined Boldwyn, Cathy,
we need good people who aren't total assholes.
So we'll be working together?
Well I'm a third-year analyst, so I'll be working for you.
That is, until I make associate next year.
So give me the download on this place, what do I need to know?
Oh well, it's your first day, it's not gonna be crazy, but
Everyone take a seat!
-We'll catch up later -Okay
-Merkin, get up. -It's not assigned seats. -It's my seat.
Myrtle, cut the bullshit, get in your booster seat now.
-Where's the breakfast, Big Deal Neil? -There is no breakfast.
But you wrote in the email there was gonna be free breakfast.
That was the only way I could get you all
here in under 30 minutes.
Damn, Neil.
That's cold, man, that's cold.
Hey, if anyone's gonna use slang in this office, it's gonna be me or Fred.
Right, Fred?
Listen. I've got a couple of announcements.
First, I'd like to introduce our newest associate Cathy Lee.
Analysts, listen to what she says.
-I really look forward -Second announcement
Bolo was here this morning at 8:00 a.m.
and chewed me out because no one was here.
What the hell guys?
It's hard to wake up. You know we work really late.
No, Mitch, how do I know that?
Cause you were an analyst, you know what it's like?
Starting today, we have a new policy.
If you work past 3:00 a.m., you must email me to tell
me what deal you're working on, and which Director it's for.
Are you serious?
When it's 3:00 a.m., I just want to go home. I don't want to do this extra shit.
Goldberg, unless you have something constructive, shut up.
You're all expected to be here at 8:00 a.m. Every day.
-What about Saturday or Sunday? -Don't be a smartass, Danny.
What? I'm just asking. Don't have to hate.
8:00 a.m. Monday through Friday.
On the weekends, you work your hours out with your VP or Director.
Any other questions?
These just arrived. Delivery guy said they were for the conference room.
-What's this? -Oh, Neil, remember when you and I spoke this morning
and I convinced you to actually order breakfast for everyone?
Oh right, see guys, I'm not a total asshole.
So you got us breakfast sandwiches but no coffee?
Coffee's for closers.
Uh-huh.
Get some food and get back to work. Steve, Danny, Bolo's office. Now.
Julie, do you want a bagel?
No, I don't. I never do.
Keep swinging, buddy, can't hit a homer if you don't swing.
Ouch!
Are you okay?
No, that really hurt.
Deliberately trying to hurt my feelings.
What the fuck is this?
Why are the costs on this pro forma 30% higher than
last time? What the hell's wrong your model?
We talked about this.
You agreed we should bake in the additional G&A, and just footnote it.
See the footnote.
Fuck that, take that shit out.
-But then -No.
That's not an apples to apples comparison post spin-out.
That's not your job, Steve.
Your job is to do what I tell you.
We're pitching this tomorrow, and you're arguing with me over the financials?
We should do it the right way.
Apples to apples.
My way is the right way.
And now you're fired.
How about them apples?
What?
What? Get the fuck out.
Now!
Steve,
I'm so sorry.
What are we gonna do without you? You're the master.
You taught us Alt-F4.
You've got Cathy to teach you now.
She's great, seriously.
I just started.
You've got this.
Okay, time to go.
Um, what about my stuff?
The firm will pack it and send to you.
It's been real, guys.
That's enough, guys, we have work to do.
Cathy, in here now.
Oh I call dibs on Steve's stapler.
What the hell happened to yours?
I don't know, I keep losing them.
Can't find what you're looking for?
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