-
and hire a new Fixed Income Research Department for me.
-
So I did, and ultimately there were seventy-five people in the
-
department.
-
All the time I was a professor at Yale.
-
And after five years Kidder Peabody,
-
even though it was a hundred thirty-five years old,
-
formed by a famous family, the name should sound--
-
Peabody--familiar to you, it closed down after a hundred
-
thirty-five years, five years after I got there.
-
I had to invite the seventy-five people I'd hired
-
into my office and say, "You're fired."
-
And then I went next door to the office next to mine and the