Wednesday, July 8, 2009

Sky Capital Chief is a Typical Wall St. Guy

We were going to leave the Sky Capital story alone but self-appointed nicknames have always begged to be a point of ridicule and this is no exception. Apparently the Sky Capital honcho, Ross Mandell, referred to himself as "The Chuck Bass Bad Boy of Wall St.".

Two points:

1. Real original, Ross

2. Remember Costanza giving himself the nickname "T-Bone"? Went over well didn't it?

According to the FT, here is Ross "T-Bone" Mandell's bad boy resume:
During the 1980s and 1990s, he had a series of run-ins with US securities regulators, including the National Association of Securities Dealers, the forerunner to Finra.

In 1995, he was given a six-week suspension from securities dealing after numerous customer complaints prompted an investigation by the New York Stock Exchange, records show.

Two years later, he settled a separate matter with a disgruntled client by paying $75,000.

In an interview with the New York Sun in 2005, Mr Mandell said he had been an alcoholic and addicted to cocaine. “I lived hard and played hard,” he told the Sun. “I treated my friends, business associates and clients quite badly.”
Recap: Regulators beating on your door, friends, clients and co-workers hated you, you got suspended briefly and were a boozehound with a coke problem (or is it a cokehead with an alcohol problem?).

Count us unimpressed. Bored even. Has anyone ever heard of broker that was investigated, despised by clients and had dependency issues? You just described Bud Fox. Get back to us when you rip off Kevin Bacon or Muammar Gaddafi.

Sky Capital chief called himself ‘bad boy of Wall St’ []

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1 comment:

  1. Clearly a financial ass clown that deserves to be called to the mat. Thank you for not leaving the story alone...somebody had to do it....none more eloquent than you:)