Chapter Thirty-Two

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CHAPTER THIRTY-TWO Times were not as good as they had been at Liebermann Brothers. There was downwards pressure on fees. Margins were tight. Our campaign to penetrate Europe was costing more and taking longer than head office had bargained for, the Europeans having mysteriously failed to grasp how much better our Anglo-Saxon style of asset management was than their own. Therefore, the Liebermann Brothers Thanksgiving press lunch was to be a more sober affair than in previous years. Where was the value-added in a bunch of journalists in cheap suits getting pissed at our expense? The lunch was chaired by Julian Collins, Vice President, Global Head of Sales, Europe Middle East and Asia, a standard-issue, moderately handsome, public schoolboy in his late thirties. He straightened his Bulgari

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