• Log InLog In
  • Register
Liquid`
Team Liquid Liquipedia
EDT 03:07
CET 08:07
KST 16:07
  • Home
  • Forum
  • Calendar
  • Streams
  • Liquipedia
  • Features
  • Store
  • EPT
  • TL+
  • StarCraft 2
  • Brood War
  • Smash
  • Heroes
  • Counter-Strike
  • Overwatch
  • Liquibet
  • Fantasy StarCraft
  • TLPD
  • StarCraft 2
  • Brood War
  • Blogs
Forum Sidebar
Events/Features
News
Featured News
[ASL22] Finals Preview: Sweet Victory!12[ASL22] Ro4 Preview: Mirror Mirror6[ASL22] Ro8 Preview: Within Reach5[ASL22] Ro8 Preview: In A Tizzy11[ASL22] Ro16 Preview: Holy Diver5
Community News
Weekly Cups (October 19-25): Clem triples first in 5.0.171Evil Geniuses - shutting down16ISSL (IntoTheTV x SOOP SC2 League): Premier5Weekly Cups (October 12-18): 5.0.17 era begins1[$1250] International ShieldBattery League86
StarCraft 2
General
Weekly Cups (October 19-25): Clem triples first in 5.0.17 REPORT: StarCraft 2: Remastered In Development Evil Geniuses - shutting down How do you feel about the mass reverts in the 5.0.17 PTR? Team Liquid Map Contest #22: Results and Winners
Tourneys
RSL goes to London! 2026 Offline Finals Nov 21-22 ScienceCraft (October 24-25) - Live Event Sparkling Tuna Cup - Weekly Open Tournament ISSL (IntoTheTV x SOOP SC2 League): Premier WORTEX Challenger Series — Open SC2 LAN in Budapes
Strategy
[H] ZvP Mid-Late Game: Stalkers Collossi HT
Custom Maps
[G] How to playtest arcade maps [A] Nemrods 1/4 players [M] (2) Sweltering Sands
External Content
Mutation # 549 Endless Sparkles The PondCast: SC2 News & Results Mutation # 548 Shining Bright Mutation # 547 Temple Of Terror
Brood War
General
[BW] Looking for Clan Thread! [ASL22] Finals Preview: Sweet Victory! Recent recommended BW games [Megathread] Daily Funny Videos Hands of Pluto
Tourneys
[$1250] International ShieldBattery League [Megathread] Daily Proleagues [ASL22] Grand Finals [BSL23] RO24 Group C
Strategy
50,000-Word Terran Builds Memo 2026-10-22 Cliff Jump Revisited (1 in a 1000 strategy) Simple Questions, Simple Answers
Other Games
General Games
Stormgate/Frost Giant Megathread Nintendo Switch Thread Mobile Legends: Bang Bang Armies of Exigo - YesYes? General RTS Discussion Thread
Dota 2
Dota 2 Champions League Season 3 Begins April 25!
League of Legends
[TL LoL EUW IHs] Teemo shall perish
Heroes of the Storm
Heroes of the Storm 2.0
Hearthstone
Deck construction bug
TL Mafia
TL Mafia Community Thread
Community
General
Things Aren’t Peaceful in Palestine Canadian Politics Mega-thread European Politico-economics QA Mega-thread US Politics Mega-thread Russo-Ukrainian War Thread
Fan Clubs
Reynor Fan Club The Flash Fan Club Serral Fan Club
Media & Entertainment
Anime Discussion Thread Movie Discussion! [Manga] One Piece
Sports
Football (Soccer) Thread TeamLiquid Health and Fitness Initiative For 2023 MLB/Baseball 2023
World Cup 2022
Tech Support
Computer Build, Upgrade & Buying Resource Thread
TL Community
Recent Gifted Posts
Blogs
Innovate or Game Over?
TrAiDoS
ShieldBattery on Mac
Kraekkling
[ASL22] Ro4 Day1 Ticket Giv…
bITt.mAN
Can Bots Beat Pros?? Starcr…
namkraft
Customize Sidebar...

Website Feedback

Closed Threads



Active: 9083 users

real life story

Blogs > t_co
Post a Reply
t_co
Profile Blog Joined July 2007
United States702 Posts
Last Edited: 2008-12-07 11:39:18
December 07 2008 05:03 GMT
#1
Ok. Before I start, just a brief background about myself. I'm a trader at a small prop shop. We've got about 8 people here (1 part-time IT, a receptionist, couple clerks), each one of us has an equity stake in the company. The shop was just started 3 years ago, and I joined 16 months ago.

Our firm started off happy, but lately the mood's gone sour as we've been not making money/bleeding it out the ass. Several of our traders aren't talking anymore, but I've been pulling a low, but positive and low volatility pnl so I'm not too worried. Then one day I made a dumb mistake, literally hitting the enter key on the numpad with my mouse hand... and lost a ton of money. I'm thinking, fuck, there goes my good record. Put me back at even for the past three weeks.

My boss figures it out, I go to explain it to him when he asks about it. Then he promptly just goes nuts in front of everyone and tells me to "go the fuck home" and "pack your shit". He's never flipped out like that before so I'm pretty shocked. He then calls me later that day seems pretty jovial, so I'm even more puzzled.

Then he sets me up the bomb.

He did it so save my ass.

Apparently the firm is about to go under. We're running on our last legs of liquidity and my boss started pulling his stake from the company a day before I got axed. He fired me, so now I can pull my liquidity out; apparently he likes me and thinks I shouldn't have to be bankrupted by this.

So yea, there ya go.

EDIT: I'm finishing the divestment paperwork today. Hopefully I'm first in line. Upon seeing the current status of our equity, I think I'm first in line. D-Day will probably be in three days.

Of course, my stake is small potatoes next to the other guys, maybe around 30% of theirs. So I guess it shouldn't be too bad.

**
"Look, don't congratulate us when we buy a company, congratulate us when we sell it. Because any fool can overpay and buy a company, so long as there is money to buy it." --Henry Kravis
blue_arrow
Profile Blog Joined July 2008
1971 Posts
December 07 2008 05:09 GMT
#2
so uh, this isn't illegal or anything, right...?

interesting story and interesting boss though
| MLIA | the weather sucks dick here
Vivi57
Profile Blog Joined September 2007
United States6599 Posts
December 07 2008 05:22 GMT
#3
That's a really good story

You're really lucky your boss likes you and is smart enough to do that
Flash hwaiting! Nal_rA forever!
t_co
Profile Blog Joined July 2007
United States702 Posts
December 07 2008 05:31 GMT
#4
I'm fairly certain this is legal. The contact stipulates termination not resignation.
"Look, don't congratulate us when we buy a company, congratulate us when we sell it. Because any fool can overpay and buy a company, so long as there is money to buy it." --Henry Kravis
Nitrogen
Profile Blog Joined February 2008
United States5345 Posts
December 07 2008 05:36 GMT
#5
lol shit. good thing your boss likes you
UNFUCK YOURSELF
BuGzlToOnl
Profile Blog Joined November 2006
United States5918 Posts
December 07 2008 05:40 GMT
#6
Kinda of sounds like "inside trading", which IS illegal via Martha Stewart...
If you want to make God laugh, tell Him your plans.
t_co
Profile Blog Joined July 2007
United States702 Posts
December 07 2008 05:48 GMT
#7
On December 07 2008 14:40 BuGzlToOnl wrote:
Kinda of sounds like "inside trading", which IS illegal via Martha Stewart...


Nope it isn't. We're a private partnership, not a public corporation, so we're not regulated.
"Look, don't congratulate us when we buy a company, congratulate us when we sell it. Because any fool can overpay and buy a company, so long as there is money to buy it." --Henry Kravis
demo1
Profile Joined April 2008
Canada145 Posts
December 07 2008 06:13 GMT
#8
aren't you guys violating the continuing concern principle from an accounting perspective? nevertheless, you have a great boss.
yeyeyey
t_co
Profile Blog Joined July 2007
United States702 Posts
December 07 2008 08:36 GMT
#9
On December 07 2008 15:13 demo1 wrote:
aren't you guys violating the continuing concern principle from an accounting perspective? nevertheless, you have a great boss.


Well I'm not liquidating equity at original value--it's just that with the leverage of our firm even a small loss in liquidity would severely hinder our operations, and right now we're in a trap--too little cash to climb back out
"Look, don't congratulate us when we buy a company, congratulate us when we sell it. Because any fool can overpay and buy a company, so long as there is money to buy it." --Henry Kravis
Please log in or register to reply.
Live Events Refresh
IntoTheTV X SOOP
11:00
Replaycast Group C
PiGosaur Cup
09:30
#105
Liquipedia
[ Submit Event ]
Live Streams
Refresh
StarCraft 2
SortOf 113
StarCraft: Brood War
Rain 3364
Leta 548
GuemChi 492
Mong 244
Shine 128
Hyuk 90
Dewaltoss 68
ZergMaN 56
910 32
NotJumperer 13
[ Show more ]
ProTech2
Force[name] 1
Other Games
summit1g9726
WinterStarcraft452
Happy324
Livibee148
Sick50
Organizations
Other Games
gamesdonequick827
[ Show 13 non-featured ]
StarCraft 2
• AfreecaTV YouTube
• intothetv
• Kozan
• IndyKCrew
• Migwel
StarCraft: Brood War
• Azhi_Dahaki58
• BSLYoutube
• STPLYoutube
• ZZZeroYoutube
Dota 2
• lizZardDota2349
League of Legends
• Rush1303
• Stunt609
Other Games
• Shiphtur452
Upcoming Events
The PondCast
2h 53m
Kung Fu Cup
3h 53m
IntoTheTV X SOOP
1d 3h
SHIN vs GuMiho
Clem vs Classic
OSC
1d 14h
WardiTV Invitational
2 days
GSL
2 days
Epic.LAN
2 days
Replay Cast
2 days
Sparkling Tuna Cup
3 days
Epic.LAN
3 days
[ Show More ]
AI Arena Tournament
3 days
Yamato Cup
4 days
Map Test Tournament
4 days
WardiTV Weekly
5 days
Replay Cast
5 days
Rogue vs Classic
Patches Events
6 days
PiGosaur Cup
6 days
Liquipedia Results

Completed

Proleague 2026-10-27
Blizzard Classic Cup 2026
HCC Season 3

Ongoing

Acropolis #5
KCM Race Survival 2026 Season 4
International ShieldBattery League
BSL Season 23
PGL Masters Bucharest 2026
Stake Ranked Episode 5
1win Private Club #2
Thunderpick World Champ. '26
ESL Pro League Season 24
Stake Ranked Episode 4
1win Private Club #1
Logitech G Play Connect 2026
SL StarSeries Fall 2026
FISSURE Playground #3
BLAST Open Fall 2026
Esports World Cup 2026

Upcoming

IPSL Winter 2026-27
SC4ALL II: Brood War
BSL 23: Non-Korean Championship
HSC XXX
Stellar Fest 2: Lunar Cup
SC4ALL II: StarCraft II
Kung Fu Cup 2026 Grand Finals
RSL Offline Finals
eXTREMESLAND 2026
PGL Major Singapore 2026
Stake Ranked Episode 6
BLAST Rivals Fall 2026
IEM Beijing 2026
TLPD

1. ByuN
2. TY
3. Dark
4. Solar
5. Stats
6. Nerchio
7. sOs
8. soO
9. INnoVation
10. Elazer
1. Rain
2. Flash
3. EffOrt
4. Last
5. Bisu
6. Soulkey
7. Mini
8. Sharp
Sidebar Settings...

Advertising | Privacy Policy | Terms Of Use | Contact Us

Original banner artwork: Jim Warren
The contents of this webpage are copyright © 2026 TLnet. All Rights Reserved.