Investment banking is an extremely competitive field. 166,000 investment bankers are employed around the world as of 2012. Even though it is an extremely populated industry, it has not been around long. 100 years ago no one knew what investment banking was. Of course, it existed, but it was not a common occupation. Until JP Morgan, Peabody, and other large investment firms, there was not a substantial market for investment banking. Suddenly there was a surge in investment banking. John Rutherford caught the wave and using perseverance and character, he was set aside from the competition, but his success did not come easily.
From a young age Mr. Rutherford always had an intellectual curiosity, he loved to learn. Although he had many resources to learn from,
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He later served as executive vice president at PAA GP (Plain All American General Partner).
Throughout his life, the one thing he kept was his character. He became almost famous for his honesty and integrity. He would do whatever was better for the customer, which may seem less profitable in the short term, but since he had this reputation it made him much more successful. For most bankers, it was easy to tell someone to close a deal because you would get paid, but Mr. Rutherford would do what was best for his client even if it meant that he would not get paid. His reputation brought him clients and with more clients, he got a better reputation, soon he was one of the best investment bankers.
He was soon taking on major deals, but with this rise came more temptations, the bigger the deal the more tempting it was. Through the temptations he never compromised his character he was always honest with his clients. It might seem easy, but when faced with the option to make a lot of money or to walk away with barely anything, it takes true character to not cave and do what is best for the