A Quote by Richard Edelman

People go to work at Wall Street firms to make a lot of money. They may not love what they are doing, but the punishing hours and travel are incredibly well-compensated. By contrast, the engineers at technology firms do believe that they can change how we all live.

Richard Edelman

Quote Topics

Believe Change Contrast Doing Engineers Go Hours How Incredibly Live Lot Love Make May Money People Punishing Street Technology Travel Wall Wall Street Well Work

Quote Author

Richard Edelman
American - Businessman
Born: June 15, 1954

The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace.

William D. Cohan

Wall Street is at best ambivalent. The size of the accounts is nothing big. How many Wall Street firms do you know that are running after people with $5,000 accounts?

Robert Pozen

A really large percentage of kids from Duke go to work on Wall Street, and they make a lot of money, but they're almost slaves to their jobs, working crazy hours. Their job totally dominates their lives, and most of them aren't happy. So many of my friends are going down that path. I even thought about it for a second, like "Should I be doing that?" But I just pursued my dreams instead, and I always tell people to do that. Now I make more money than they do, and I'm doing what I love.

Mike Posner

There are a lot of ethical firms on Wall Street.

John J. Mack

People in Shanghai make a lot more money than the farmers in the rice paddies. The rice-paddy farmers are not buying Louis Vuitton bags, but the upwardly mobile ones in Shanghai, who are all working in Wall Street-type firms, are infinitely better-dressed than people in the West. Their women take this fashion thing seriously.

Peter Marino

What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast.

Laurence D. Fink

In a moment of stress, funding may go to systemically-important firms, which could pull funding away from firms not making the cut.

Charles Dallara

One simple step firms can take is make sure that people that are getting paid a lot of money, say more than a million or two, that a big chunk of that money is deferred. That's going to change the whole ballgame.

Richard Thaler

Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.

Henry Chesbrough

The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did not understand their own businesses, and their regulators obviously knew even less.

Michael Lewis

If you have the abilities to earn a lot of money and if you have the character to persist in giving that to the most effective charities you can find, then that may be the best thing that you can do. And - also, if you do become a Wall Street banker, I think you need to be aware of what you're doing in terms of your daily work, not just earning money to give a lot away. But you need to think about - am I harming people through the work that I'm doing?

Peter Singer

If you think Wall Street firms have it good, you haven't looked closely at Big Oil.

Jeff Goodell

Private equity does pay very well, and my counterparts, guys that I grew up with who are still working at a number of firms, all make a lot of money.

Gerry Schwartz

For decades, the pace of technological change in manufacturing has outstripped that in the economy as a whole. And, so, firms - manufacturing firms - have found it easier to continue producing by - with - reducing their workforces.

Janet Yellen

Firms are a bit concerned about things like oil prices and US growth but actually the change (in firms expectations) is quite small so I think broadly theyre looking for more of the same.