The Jocks Of Wall Street

Lance Lonergan was a Staples football legend.

After starring on the Wrecker gridiron in the early 1980s, he went to Penn State — and won a national championship under coach Joe Paterno.

Lonergan stayed at Happy Valley, earned an MBA, then leveraged both his brains and his football background into a career on Wall Street. After 15 years with Citigroup, he’s now CEO of Weeden & Company.

After all, everyone knows that former college athletes make great hires. They’re experienced risk takers, work well in teams, are flexible, adeptly handle ups and downs, and have the physical stamina for the rough-and-tumble world of finance.

At least, that’s what Wall Street used to think.

Lance Lonergan

The other day, the Wall Street Journal ran a story headlined “Wall Street’s Endangered Species: The College Jock.” The paper said that the hot hires now are quants — recent grads with math or computer programming skills.

And one of the examples cited was Lance Lonergan.

Yet the former athlete tells college athletes there’s still a spot on Wall Street for them.

“The core attributes of athletes are well-suited for the trading floor,” he tells the paper.

Lonergan — who married former Staples and college athlete Anne LoCurto — moved back to Westport soon after college. They’ve raised 4 children here.

All are excellent athletes.

A few years from now, they’ll be looking for jobs.

No word yet on where.

(To read the full Wall Street Journal story, click here. Hat tip: Chris Pardon)


6 responses to “The Jocks Of Wall Street

  1. …nice little story, Dan, but let’s get to the important stuff: think you should have name tags for this year’s 06880 Beach Extravaganza so we know who to give the evil eye to as we frolick in the sand…..

  2. …never mind

  3. David J. Loffredo

    Very true about athletes and the trading floor – however this is what the computer nerds have done to the trading floors….

  4. The ultimate irony would be to turn this now empty trading floor into an indoor football field.

  5. What’s a trading floor? LOL they are gone.