The destruction of the IPO market by Facebook's botched public offering, the haunting of zombie hedge funds and Wall Street's struggles to attract new IT talent are just a few of the topics people on the Street were discussing this week.
June 08, 2012
5. Cobol Anyone?
With the financial services industry spending 73% of IT funds on maintenance, why would an up-and-coming developer come to financial services? How can that compare to building the next iPhone?
—Steven J. Sadoff (pictured at right), EVP, global head of operations, services & technology, Knight Capital, on the challenge of retaining young IT talent.
