General
equities in dallas
What does equities in dallas mean?
Salomon Brothers shorthand from the Liar's Poker era for being exiled to a career graveyard. Bonds were where the money and prestige were, equities were second-class, and Dallas was a thousand miles from the Manhattan trading floor. Get assigned Equities in Dallas and you might as well leave finance.
"Blow this pitch and you're getting Equities in Dallas, mate."
Origin
Salomon Brothers, 1980s; immortalised in Michael Lewis's Liar's Poker (1989) as the ultimate trainee threat.
Frequently asked questions
What does Equities in Dallas mean?
It refers to what was considered the worst possible job posting at 1980s Salomon Brothers — a punishment assignment.
Where does Equities in Dallas come from?
The phrase comes from Michael Lewis's book Liar's Poker about 1980s Wall Street, where being sent to "Equities in Dallas" was the ultimate career dead end.
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