There was a recent ethics survey of 500 senior executives on Wall Street.  You know those are the guys in the trading pits really working the lower level deals.  A quarter of them answered in the survey that unethical or illegal conduct was necessary to be successful in our profession.  And 16% said they would commit insider trading if they could get away with it.

What is happening to this generation? These are disappointing numbers.  If 3/4 of these guys don’t even understand the basic tools necessary to be successful in this business they clearly went to a Montessori school and they will never ever,  ever ever never make partner.

These guys are not going to run Barclays.  They will never be a Bob Diamond.  They don’t have the sack to diddle the LIBOR.

And if only 16% are ready to commit insider trading—that is going to completely implode the curve for the bonus pool at whatever family there with.  Is it any wonder we are having such a hard time keeping this thing of ours together?

Clearly this latest generation of traders has gotten a little to friendly with their inner feminine and I think it wise to put them all on Testosterone Replacement Therapy.  Not the 16% who already know what time it is, but for the other 84%– you put that on the company health plan and guaranteed profit is going to rise like their johnsons.

You see testosterone is fuck it or kill it, and that my friends, is the ethical code of Wall Street.