Many people in Asia cheered when South Korea defeated Spain on June 22. Many were undoubtedly from Credit Suisse First Boston after pledging $13,000 to see DCM head, Carsten Stoehr, and syndicate head, Alister Moss, lose their hair.
The wager had been laid down during a light-hearted moment (or perhaps light-headed) over dinner with FinanceAsia a few days earlier. Were Korea to win and at least $10,000 be raised for Oxfam in Hong Kong, then the two agreed to have their hair shaved off ahead of the semi final against Germany the following Tuesday.
Here is what both men looked like upon joining CSFB.
Members of CSFB's debt capital markets team that travelled to Seoul to watch the match learnt how to use clippers and a razor at a special ceremony in front of the World Cup stand at the Westin Chosun hotel at midnight the night before.
Leading the charge was Jon Pratt, who had been nominated by Neil Harvey, CSFB's former head of Asian investment banking. Harvey, who is currently on sabbatical in England, generously pledged the largest donation, just beating London Eurobond supremo Chris Tuffey, who has been known to refer to his half-German, half-Japanese colleague Stoehr as Asia's answer to George Clooney.
See pics below and many thanks to all who kindly donated:
CSFB BEFORE THE CUTS
LEARNING TO GIVE A HAIRCUT
|NOT JUST A FEE CUTTER|
NICE TO BE HAIR!