Facebook Slams IPO Door, Zombie Hedge Funds, Activist Investors Get Bold, Can't Lose Investments, and More

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.

Source: MarketTech 2012, a Tabb Forum event

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