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Color and Money Is a College Course!
Saturday, September 27, 2008
Did Elite College Lacrosse Contribute to Our Economic Crisis?
With our economy being described as teetering on disaster, it is instructive, therefore, to read this Wall Street Journal article, passed along by an appreciative and alert Color and Money reader. It describes how many major Wall Street investment firms, including Bear Sterns and Lehman Brothers, maintain their own lacrosse teams and are happy to recruit young men skilled in the sport. It cites the old joke "the only way to get a job on Wall Street is to have high test scores or play lacrosse," suggesting that skill in the sport not only opens the doors of selective colleges, but the doors of firms that recruit employees from them.
Given how much investment bankers make, one suspects that Wall Street lacrosse players have plenty of cash on hand should they choose to hire strippers for their team parties.