If Korea wins, Carsten goes bald

In a bid to raise $10,000 for Oxfam, CSFB''s head of debt capital markets has thrown down the gauntlet to FinanceAsia.

There are many sound reasons to want Korea to beat Spain on Saturday. Obviously, it will be a great boost for Asian football. Obviously it will also be good for Korea and will enhance its sense of national pride.

But another good reason is that CSFB's half-Japanese half-German head of debt capital markets will have to shave off one of the best preened manes in the Asian markets and go bald. In a bet with FinanceAsia, Carsten Stoehr has said that if Korea win he will have his head shaven on the trading floor this coming Monday at noon along with Alister Moss his head of syndicate.

However, there is a catch. They will only do so if at least $10,000 is pledged to Oxfam in Hong Kong. Fellow bankers at CSFB have already pledged $4,000 this afternoon on hearing of the bet. The largest donor will also get to choose who should wield the clippers and razor come Monday.

Here's what Carsten looks like now, and here too is our artist's impression of what he will look like should Korea win and we manage to raise $10,000 of pledges. You never know if we raise enough, their charitable instincts may ensure that they just go bald anyway. It is after all for a very good cause.

Carsten Stoehr
Earlier today.
A Korean victory later,
and $10,000 for Oxfam.

Carsten Stoehr (bald)

Pledges should be made to [email protected]

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