Pete quoted on the Street

[Don Lubach]

Our Guest Peter Deragon, was quoted in a recent article on The Street.
Go Pete!


"I've seen a definite flow of people going from firms that have received TARP funds to smaller or more independent firms where they can control their destiny," says Pete Deragon, a director and financial services specialist at the executive-search firm Stanton Chase. "Or, you sell yourself instead of selling the big name plate behind you."

Deragon says that big firms are "very good targets for personnel" and that the TARP albatross has disallowed white-shoe firms like Goldman Sachs (GS Quote - Cramer on GS - Stock Picks) and Morgan Stanley (MS Quote - Cramer on MS - Stock Picks) from being as "opportunistic" about snatching top talent as they were in years past. At the other end of the spectrum, UBS (UBS Quote - Cramer on UBS - Stock Picks) has been hiring hundreds of advisers away from other firms.