DLJ Reunites as Blackstone’s James Laments ‘Individual Greed’

Bankers who worked at Donaldson Lufkin & Jenrette before its 2000 takeover by Credit Suisse AG reunited last night at New York’s Cipriani restaurant in midtown Manhattan. Blackstone Group LP’s Hamilton ‘Tony’ James and former U.S. Securities and Exchange Commission Chairman William Donaldson were among the DLJ alumni on hand to discuss the firm, the regulatory environment and the financial crisis.

James, who chaired DLJ’s investment bank before becoming president of Blackstone, said Wall Street culture has became too oriented toward “individual greed” and not about “doing it as a team and doing it well and enjoying the professionalism of it.”