Daily Intel's Kevin Roose has put out some awesome stuff about interns this summer, but this probably takes the cake.
He asked a Barclays intern what it was like to find out the bank's CEO, Bob Diamond, had stepped down in disgrace over the Libor scandal in July.
Here's what the young man, known as "Paul" (not his real name obviously) said (from Daily Intel):
“It was insane. No one in the firm knew about it beforehand. I got to my desk that morning, and the guys on my desk were like, ‘Did you read The Wall Street Journal?’ So I go to WSJ.com and the headline is ‘Barclays CEO Resigns After Libor Scandal.’ That’s all we knew for the next three or four hours, and guys were just shitting themselves.”
On what happened next: “They called us in. This guy sat us down and was like, ‘Look, we’ve been through worse times than this, but this doesn’t reflect our reputation at large.’ But it was kind of like this big dent. Barclays is supposed to be this highly esteemed brand.”
Paul goes on to say that his mom had no idea what was going on, and neither did his friends. “People from back home don’t really understand what you’re doing. Wall Street is, like, a fabled Land of Oz.”
Read the full interview at New York Magazine's Daily Intel>
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