Peter Troob Quotes & Sayings

A good way to figure out how likely it is that the directors are sucking money out of a company is to draw a chart with each director's name in a box. Read through the Management section, and each time you identify a professional or personal connection between two directors, connect their boxes with a line. If you also happen to know about other relationships between directors, for instance one director is married to the other director's daughter, or one director is an old college buddy of another director, you can draw a line in there as well. If, upon completion, the chart looks like a spider web then hold on to your wallet. — Peter Troob

The closest most people have ever come to understanding what an investment banker does may have been on October 24, 1995, when they heard the outrageous special interest story of the day. The wire services released the story first. It was quickly picked up and parroted by almost every major media outlet in the country as a classic example of Wall Street excess. A fifty-eight-year-old frustrated managing director from Trust Company of the West, on an airplane trip from Buenos Aires to New York City, downed an excessive number of cocktails, got out of his seat in the first-class cabin of a United Airlines flight, dropped his pants, and took a crap
on the service cart. There you have it. That's what bankers do: consume, process, and disseminate. — Peter Troob