Michael Lewis Article on Goldman and Serge Aleynikov

CalVolibrator, you seem to have a lot of knowledge in this area. What lead you to leave your desk, and what green pasture did you jump to?
 
I run my own mid to high frequency fund with focus on macro and currencies. Currency trading is fully systematized while macro trades are managed in a discretionary book.

Quote from Rationalize:

CalVolibrator, you seem to have a lot of knowledge in this area. What lead you to leave your desk, and what green pasture did you jump to?
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yeah that was me. RIP. I could not hold back on a programming related topic and got suckered into this thread ;-) But hey, I vented, makes me feel much better...But actual point is that I try to portray a rational line of thought even though it comes across as being extremely aggressive. True but only because I cannot stand BS.

Quote from Rationalize:

Interesting. Know a poster here called "Amazing Industry" ?
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Quote from CalVolibrator:

and yes, the original story had it that he flew with the code to Chicago to propose to management there as part of his final negotiations. They blew the whistle on him. I try to find the Bloomberg article on that and will post it if I find it.

The story as presented here is a TOTAL HOAX. It portrays a thief who committed industrial espionage and violated pretty much every part of his employment contract. He landed in Newark not knowing anything nor even being aware that he committed a crime? LOL, unbelievable lies. And he now accuses criminal investigators that they searched his home and computers AFTER he waived his right to have a lawyer present and most likely AFTER he fully consented to a search. No search warrants needed for starters...ML looks extremely desperate putting out such BS, and of course it had to be Vanity Fair, of course he did not want to publish in the WSJ or FT or anyplace else, or is it that he had no choice...
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hmm you got evidence for that?

http://articles.chicagotribune.com/...70313_1_goldman-sachs-group-stealing-employee

In a statement, Teza said that after learning on Sunday of the allegations against Aleynikov, he was suspended without pay pending an investigation.


Doesn't sound like they turned him in.
 
Quote from Pekelo:

Nothing, they are just generally a dirty player*. :)

Judging by your previous post, there is no point in arguing with you, specially that you attribute shit to me that I never said, so read the article first...

* Actually, GS is a dirty player in this particular case because they obviously flexed legal (government) muscle to get Serge the very maximum penalty and when the charges didn't apply, a new case, so they would get a message across and deny the competition a start coder.

What Serge did was wrong, but it didn't deserve 8 years, without parole. Maybe 6 months with community service. Hell if I kill somebody I am back on the streets after 5.....
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+1

How much value did he really steal? Assuming he was using the code as leverage to get the job at Teza, how much value was really there? Only a programmer can answer that.

90% of code written by programmers is an amalgamation of stuff copied off the internet, and from previous projects and jobs. In the wrong hands, this code is pretty worthless, in the right hands, it's just a way to save a little time. The value isn't in the code, it's in the programmer. In this case, I haven't seen the code so I can't judge the value, but my point is, this a judgement that only a programmer can make. And shouldn't the judge consider this before handing down a sentence?
 
Of course you are right. That's precisely the reason why he represented himself and only himself to his prospective employer in chicago without his usb stick dangling in his pocket around his cock and that is why it's ok to take with you code that belongs to your current employer. So, nothing wrong with any trade secret "checkouts and transfers to china" right? Because it should be up to interpretation by anyone and not a solid employment contract. And I am sure the Jury consisted only of Jews and was handpicked by Goldman. And while we are at it, the judge was promised a copy of the whole hft code stack by GS to be run on the judge's home machine if he made the "right" decision. So, you must be absolutely right. Let's get rid of general judges and employ traders, programmers, blue collar employees and aviation specialists to hand down sentences from now on.



Quote from promagma:

+1

How much value did he really steal? Assuming he was using the code as leverage to get the job at Teza, how much value was really there? Only a programmer can answer that.

90% of code written by programmers is an amalgamation of stuff copied off the internet, and from previous projects and jobs. In the wrong hands, this code is pretty worthless, in the right hands, it's just a way to save a little time. The value isn't in the code, it's in the programmer. In this case, I haven't seen the code so I can't judge the value, but my point is, this a judgement that only a programmer can make. And shouldn't the judge consider this before handing down a sentence?
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Quote from CalVolibrator:

Of course you are right. That's precisely the reason why he represented himself and only himself to his prospective employer in chicago without his usb stick dangling in his pocket around his cock and that is why it's ok to take with you code that belongs to your current employer. So, nothing wrong with any trade secret "checkouts and transfers to china" right? Because it should be up to interpretation by anyone and not a solid employment contract. And I am sure the Jury consisted only of Jews and was handpicked by Goldman. And while we are at it, the judge was promised a copy of the whole hft code stack by GS to be run on the judge's home machine if he made the "right" decision. So, you must be absolutely right. Let's get rid of general judges and employ traders, programmers, blue collar employees and aviation specialists to hand down sentences from now on.
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that is not what is meant by the expression that a defendant should be judged by a jury of his peers.
 
I don't mind having a convicted drug dealer get 25 years to scare e rest of the bunch and nor do I care to have a convicted corporate thief get 8 to make a point. The American legal system allows for such sentencing on the basis of not only the case at hand but to also make a point to warn potential copycats.

Quote from zdreg:

that is not what is meant by the expression that a defendant should be judged by a jury of his peers.
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Quote from CalVolibrator:

I don't mind having a convicted drug dealer get 25 years to scare e rest of the bunch and nor do I care to have a convicted corporate thief get 8 to make a point. The American legal system allows for such sentencing on the basis of not only the case at hand but to also make a point to warn potential copycats.
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http://en.wikipedia.org/wiki/Lady_Justice

I'm afraid I'm a bit old fashioned, but I was not aware making a point was considered as being fair or just.
 
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