BP LOSES TRADING SWAGGER AFTER BLOWOUT AS RIVALS SNATCH TALENT
With their bonuses likely to be decimated by the company’s financial problems, many BP traders are eyeing opportunities at Wall Street firms or with companies overseas. They are among the most sought-after professionals in the sharp-elbowed world of energy trading desks.
At least a dozen have quit since the disaster, with BP losing crucial traders in Singapore, London and Chicago, according to other traders. Several have joined Brightoil, a Chinese oil trading and logistics company, in Singapore.
“Everyone is hovering over that company right now,” said George Stein, managing director of Commodity Talent, an executive search firm in New York.
-- NY Times Front Page http://bit.ly/c7inuy
From what I understand BP's speculative trading arm did not perform all that well anyways....
Hmmmm. Several of my clients have told me they welcome interest from BP traders.
It's hard to be bad when you know more than everyone else...
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