Jimmy Lee Dead: Remembering the JP Morgan Investment Banker | Vanity Fair: "I once made the mistake of standing up for some principle when it came to selling a business out of Verizon, the big telecommunications company. Jimmy wanted one of his favorite private-equity clients to have the inside track on the sale of the business, even though the firm had never before bought a telecom business. Is it qualified to be the leading candidate to buy the business? I had the temerity to ask Jimmy. That question bought me a trip to the woodshed and a 33-minute uninterrupted diatribe—the clock on my office phone dutifully recorded the time that had ticked away—as Jimmy made 100-percent sure I comprehended my error in judgment. The reason we had won the assignment to sell the Verizon assets had nothing to do with me, he reminded me, but rather was a result of years of goodwill that Jimmy had built up with the Verizon executives. I am not sure before or since I have heard so many expletives recited at such a high volume. I should remember to do what I was told to do, he admonished.
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