felt his own mounting pressures. A year earlier, thetall, stylish analyst, a native of Italy, had called Paulson, looking fora job. Despite his amiable nature and razor-sharp intellect, Pellegrinihad been a failure as an investment banker and flamed out at a series of other businesses. He’d been lucky to get a foot in the door at Paulson’shedge fund—there had been an opening because a junior analyst left forbusiness school. Paulson, an old friend, agreed to take him on