TheLoneGunman
05-23-2001, 10:01 AM
Nope, didn't happen to me, but to this unfortunate investment banker. He sent his rather obnoxious bragging email to his former co-workers and included his new company info. Company found out. He is gone.
NY TIMES story is below. Actual email is below that.
-------
May 22, 2001
An E-Mail Boast to Friends Puts Executive Out of Work
By ANDREW ROSS SORKIN
Hold on. Do not press send.
A young click-happy financial executive is wishing that he had never touched his computer's left mouse button last Tuesday.
Peter Chung, a recently hired associate at the Carlyle Group in its office in Seoul, South Korea, was forced to resign on Friday after boasting about his sexual exploits and lavish lifestyle in an e-mail message to 11 buddies at Merrill Lynch in New York, where he used to work.
Unfortunately for Mr. Chung, a 24-year-old Princeton graduate who had moved to Seoul three days earlier to start his job, the message was forwarded or passed on to thousands of people on Wall Street and wound up being sent to his bosses at Carlyle, the private equity firm.
Mr. Chung was given the option of resigning or being dismissed, a Carlyle executive said.
The message, which was retitled "Amazing Cautionary Tale" by a banking analyst, meandered in and out of e-mail boxes around the world.
"I know I was a stud in N.Y.C., but I pretty much get about, on average, 5-8 phone numbers a night and at least 3 hot chicks that say that they want to go home with me every night I go out. I love the buy side," Mr. Chung wrote in the message using the company's network. He bragged about his "spanking brand new 2000 sq. foot, three bedroom apt. with a 200 sq. foot terrace." He bragged that he used one bedroom for his "harem" and another for other sexual exploits.
Mr. Chung also boasted about his job. "I have bankers calling me every day with opportunities," he wrote, "and they pretty much cater to my every whim — you know (golfing events, lavish dinners, a night out clubbing)."
Reached by telephone in Seoul, Mr. Chung said: "It's devastating. I really can't comment. Sorry."
Mr. Chung is the latest in a string of employees to lose their jobs or be publicly embarrassed by a sexually explicit e-mail message that was forwarded to others. In a much publicized e-mail message last year that made its way to hundreds of thousands of in-boxes, an employee of a British Internet provider wrote to her boyfriend about a sex act. Employees of many different companies that passed the message along to friends were dismissed.
David M. Rubenstein, a founder and managing director of the Carlyle Group, had no comment. The Carlyle Group is known for its investments in military companies and its prominent list of advisers, including Arthur Levitt, the former chairman of the Securities and Exchange Commission, and James A. Baker III, the former secretary of state.
One analyst that passed along the message to his investment banking colleagues attached this prophetic message: "Rule No. 1 we learned in I.B. training: If you don't want it published in the NYT, don't write it."
--------------------
Message-ID: <812F5C217425D311A83100508B07093003830E@CARLYLE01>
From: Peter Chung
Subject: LIVING LIKE A KING
Date: Tue, 15 May 2001 20:26:21 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain
So I've been in Korea for about a week and a half now and what can I say,
LIFE IS GOOD....
I've got a spanking brand new 2000 sq. foot 3 bedroom apt. with a 200 sq.
foot terrace running the entire length of my apartment with a view
overlooking Korea's main river and nightline......Why do I need 3 bedrooms?
Good question,.... the main bedroom is for my queen size bed,...where CHUNG
is going to fuck every hot chick in Korea over the next 2 years (5 down,
1,000,000,000 left to go).... the second bedroom is for my harem of
chickies, and the third bedroom is for all of you fuckers when you come out
to visit my ass in Korea. I go out to Korea's finest clubs, bars and
lounges pretty much every other night on the weekdays and everyday on the
weekends to (I think in about 2 months, after I learn a little bit of the
buyside business I'll probably go out every night on the weekdays). I know
I was a stud in NYC but I pretty much get about, on average, 5-8 phone
numbers a night and at least 3 hot chicks that say that they want to go
home with me every night I go out. I love the buyside,.... I have bankers
calling me everyday with opportunties and they pretty much cater to my
every whim - you know (golfing events, lavish dinners, a night out
clubbing). The guys I work with are also all chilll - I live in the same
apt building as my VP and he drives me around in his Porsche (1 of 3 in all
of Korea) to work and when we go out. What can I say,.... live is good,...
CHUNG is KING of his domain here in Seoul.....
So,.... all of you fuckers better keep in touch and start making plans to
come out and visit my ass ASAP, I'll show you guys an unbelievable
time....My contact info is below....
Oh, by the way,... someone's gotta start fedexing me boxes of domes,...I
brought out about 40 but I think I'll run out of them by Saturday.....
Laters,
CHUNG
Peter Chung
The Carlyle Group
Suite 1009, CCMM Bldg.
12, Yoido-dong, Youngdeungpo-ku
Seoul 150-010, Korea
Tel: (822) 2004-8412
Fax: (822) 2004-8440
email: [email protected]
NY TIMES story is below. Actual email is below that.
-------
May 22, 2001
An E-Mail Boast to Friends Puts Executive Out of Work
By ANDREW ROSS SORKIN
Hold on. Do not press send.
A young click-happy financial executive is wishing that he had never touched his computer's left mouse button last Tuesday.
Peter Chung, a recently hired associate at the Carlyle Group in its office in Seoul, South Korea, was forced to resign on Friday after boasting about his sexual exploits and lavish lifestyle in an e-mail message to 11 buddies at Merrill Lynch in New York, where he used to work.
Unfortunately for Mr. Chung, a 24-year-old Princeton graduate who had moved to Seoul three days earlier to start his job, the message was forwarded or passed on to thousands of people on Wall Street and wound up being sent to his bosses at Carlyle, the private equity firm.
Mr. Chung was given the option of resigning or being dismissed, a Carlyle executive said.
The message, which was retitled "Amazing Cautionary Tale" by a banking analyst, meandered in and out of e-mail boxes around the world.
"I know I was a stud in N.Y.C., but I pretty much get about, on average, 5-8 phone numbers a night and at least 3 hot chicks that say that they want to go home with me every night I go out. I love the buy side," Mr. Chung wrote in the message using the company's network. He bragged about his "spanking brand new 2000 sq. foot, three bedroom apt. with a 200 sq. foot terrace." He bragged that he used one bedroom for his "harem" and another for other sexual exploits.
Mr. Chung also boasted about his job. "I have bankers calling me every day with opportunities," he wrote, "and they pretty much cater to my every whim — you know (golfing events, lavish dinners, a night out clubbing)."
Reached by telephone in Seoul, Mr. Chung said: "It's devastating. I really can't comment. Sorry."
Mr. Chung is the latest in a string of employees to lose their jobs or be publicly embarrassed by a sexually explicit e-mail message that was forwarded to others. In a much publicized e-mail message last year that made its way to hundreds of thousands of in-boxes, an employee of a British Internet provider wrote to her boyfriend about a sex act. Employees of many different companies that passed the message along to friends were dismissed.
David M. Rubenstein, a founder and managing director of the Carlyle Group, had no comment. The Carlyle Group is known for its investments in military companies and its prominent list of advisers, including Arthur Levitt, the former chairman of the Securities and Exchange Commission, and James A. Baker III, the former secretary of state.
One analyst that passed along the message to his investment banking colleagues attached this prophetic message: "Rule No. 1 we learned in I.B. training: If you don't want it published in the NYT, don't write it."
--------------------
Message-ID: <812F5C217425D311A83100508B07093003830E@CARLYLE01>
From: Peter Chung
Subject: LIVING LIKE A KING
Date: Tue, 15 May 2001 20:26:21 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain
So I've been in Korea for about a week and a half now and what can I say,
LIFE IS GOOD....
I've got a spanking brand new 2000 sq. foot 3 bedroom apt. with a 200 sq.
foot terrace running the entire length of my apartment with a view
overlooking Korea's main river and nightline......Why do I need 3 bedrooms?
Good question,.... the main bedroom is for my queen size bed,...where CHUNG
is going to fuck every hot chick in Korea over the next 2 years (5 down,
1,000,000,000 left to go).... the second bedroom is for my harem of
chickies, and the third bedroom is for all of you fuckers when you come out
to visit my ass in Korea. I go out to Korea's finest clubs, bars and
lounges pretty much every other night on the weekdays and everyday on the
weekends to (I think in about 2 months, after I learn a little bit of the
buyside business I'll probably go out every night on the weekdays). I know
I was a stud in NYC but I pretty much get about, on average, 5-8 phone
numbers a night and at least 3 hot chicks that say that they want to go
home with me every night I go out. I love the buyside,.... I have bankers
calling me everyday with opportunties and they pretty much cater to my
every whim - you know (golfing events, lavish dinners, a night out
clubbing). The guys I work with are also all chilll - I live in the same
apt building as my VP and he drives me around in his Porsche (1 of 3 in all
of Korea) to work and when we go out. What can I say,.... live is good,...
CHUNG is KING of his domain here in Seoul.....
So,.... all of you fuckers better keep in touch and start making plans to
come out and visit my ass ASAP, I'll show you guys an unbelievable
time....My contact info is below....
Oh, by the way,... someone's gotta start fedexing me boxes of domes,...I
brought out about 40 but I think I'll run out of them by Saturday.....
Laters,
CHUNG
Peter Chung
The Carlyle Group
Suite 1009, CCMM Bldg.
12, Yoido-dong, Youngdeungpo-ku
Seoul 150-010, Korea
Tel: (822) 2004-8412
Fax: (822) 2004-8440
email: [email protected]