walkitout (walkitout) wrote,
walkitout
walkitout

The End for Vice: Bullying? Bullying?!

http://www.vanityfair.com/magazine/2009/01/wall_street200901

According to this piece, one of the things that drove spendthrift wall-street luxury was peer pressure.

"“The culture was that if you didn’t spend extravagantly you’d be ridiculed at work,” says a former Lehmanite."

I could not possibly make that up. You know, we used to have sumptuary laws to prevent extravagance. It became _mandatory_?
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