[dneronique]

Wall Street is noticing that they're losing talent and are slowly but surely responding. The mentality of 'tech as a cost center' is still prevalent but slowly fading as the older crew retire and the younger generation takes on more power. I've seen senior management in finance be fired for not supporting technology.

Bloated sell side firms are seeing how much money the leaner tech-oriented buy side shops are making and are taking note. Several large firms are hiring big names in tech, such as Morgan Stanley recently hiring Bjarne Stroustrup, the inventor of C++.

I think the main difference between Silicon Valley and Wall Street is that Wall Street is unapologetically and obsessively about nothing but profit whereas Silicon Valley companies tend to have more holistic and varying business goals.