IT WAS AN extraordinary sight. Late last year CSFB put on what it dubbed “karaoke at the close”, a charity event for staff in the equity division held in its New York headquarters just after the markets closed. About 400 people turned up to watch their bosses sing. Staff could bid up their value, and contestants could only evade the ordeal by paying triple the bid.
Jim Kreitman and Michael Clark, then co-heads of the equities division, went up as Sonny and Cher, with Clark, who now runs equity prop trading, as Cher.
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