Things today’s MBAs will never have
February 18th, 2009
We’ve known since October that we won’t have Wall Street jobs, but the really crushing blow hit today: We’ll never have Swiss bank accounts in which to stash those paychecks from Goldman Sachs. UBS agreed to turn over a partial list of its American account holders to the Justice Department and pay a penalty of $780 million for defrauding the IRS. I never thought I would be nostalgic for Swiss bank accounts, but now I am. When I was a kid, I had this idea that you went to Switzerland for ski vacations with a suitcase full of cash that you dropped off at the bank once a year. The things that might have been are rough, real rough.
