Founder and CEO, CHIPPEWA PARTNERS, Native American Advisors, Inc. Member, White Earth Chippewa Reservation helping Natives for four decades. Raised conservative in the color of friend and Crow Chief, Robert Yellow Tail. Trained on Wall Street in 1982/83. In a world on a total dopamine, hypomanic binge, this is his take on financial chicanery, political crime, Native issues and life well lived. Written from the trading desk at the Ghost Ranch in MT or Pamelot, his TN farm with no apologies.
Monday, May 18, 2015
Nearly 20 years ago...............
I was told that Salomon trading floor at 7 World Trade was a den of thieves. If a quarter got loose it was a brawl. I had a chance to visit the mammoth floor on the 8th anniversary of the Big Crash. It reminded me of a row of brokers offices in the Drexel Burnham Lambert office in LaJolla. We called it "murderers row" for lack of a better term. I don't think it mattered, the clients got twirled. In fact there was one broker who would sell open-end fixed-income mutual funds and at the same time as he wrote up the "buy" ticket he would write up the "sell" ticket! The office manager at the time, Walter J. Shaw, did his best. He wasn't the finest branch manager I ever worked with and far from the worst, but he never tossed his guys under the bus.
The best branch manager I ever worked with was David B. Utter.