Today, Bloomberg's Bill Cohen published a column based on a recent academic study. In it, he basically posited that the reason why Wall Street caused the financial crises is simple — it's full of psychopaths.
Interesting.
Well, we can't verify that, but we have definitely seen some deplorable behavior from people in the financial industry. And, even though these people are a small minority, they tend to stand out.
Exhibit A: The trader who killed an IT boss with one punch to the face.
Jeremy Aylmer, a trader who worked for Chevron, was hanging out at a London club. At one point during the night he walked up to Jemina Luizaga to do a little flirting but got rejected. Alymer went up to Luizaga again later. It was at that point that 56-year old Charles Cox, formerly a VP of the IT firm EDS, told Alymer to buzz off.
Still undaunted, Alymer approached Luizaga at the end of the night. Cox pushed him away, and then Alymer punched Cox. Cox fell to the ground, cracked his skull and died shortly after. Alymer was acquitted of all murder charges.
Exhibit B: The Brazilian central banker who plowed his car into a group of cyclists.
It all happened when 47-year old Richard Neis was driving down the street in Porto Alegre during a 100+ biker Critical Mass demonstration in March of 2011. Neis claimed the bikers were harassing he and his son. The bikers say he simply told them he was in a hurry. He was charged with attempted murder.
Exhibit C: The Morgan Stanley senior partner who bit a junior partner's ear Mike-Tyson style at a dinner partner.
We don't think law enforcement was involved in this case, but it was recounted in Nina Godiwalla's book "Suits: A Woman On Wall Street" Godiwalla wrote her book about her experience as a first-year analyst at Morgan Stanley. Apparently, she was told that once, during an argument at a team dinner, a senior officer leaned over as if to whisper something in his junior colleagues’ ear and then took a bite out of it, “Mike Tyson style.”
Read about the rest of these psychos at http://www.businessinsider.com/12-stories-psychotic-banker-behavior-2012-01
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