Tuesday, April 21, 2009

Wall Street Elite Head Back to School

Some Wall St elite have moved out of NY since onset of the credit crisis. Times past, they may have opened their own hedge fund or investment firm. Some now flocking Back to School - or to 'ivory towers' instead. Gregory Fleming, former Merrill president traded in wingtips and pinstripes to take a position at alma mater Yale Law School. Frank Yeary, Citi former M&A became a vice chancellor at University of California, Berkeley and his onetime boss, Michael Klein, left Citi investment banking to go to Princeton. Meanwhile, Edward Frost left as head of Goldman investment management to become Harvard EVP. They're leaving in perhaps the most uncertain time in banking in decades. Will a few will head back to finance at some point? Article from Time.

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