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Traders Put USD5,000 Bounty On Boss' Locks

14 Mar 2004

Three of Deutsche Bank's structured credit traders in New York have raised USD7,000 for a children's charity by shaving their heads and are calling for their boss, John Pipilis, to take the razor next.

Three of Deutsche Bank's structured credit traders in New York have raised USD7,000 for a children's charity by shaving their heads and are calling for their boss, John Pipilis, to take the razor next. Pipilis told DW it will take another USD5,000 for children's cancer charity CureSearch to get him into the barber's chair.

The head shaving is part of a growing Wall Street tradition around St. Patrick's Day known as St. Baldrick's Celebration, which two reinsurance professionals came up with in 2000. The head shaving is symbolic because the treatment for cancer often causes hair to fall out.

14 Mar 2004

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