SOUTHPAW - Headhunters not shareholders celebrate arbitrary job cuts
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SOUTHPAW - Headhunters not shareholders celebrate arbitrary job cuts

The star culture at many investment banks will lead to arbitrary and indiscriminate job cuts among the ranks of associates as cutbacks are made. That might help banks to meet numerical redundancy targets in the short term but will leave banks scrambling to fill managing director positions in a few years’ time — once again destroying shareholder value, argues David Rothnie.

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