An article on John Chang, 50, a member of the MIT blackjack team, that looks at some of the real history of the team and its links to business in Boston as the opening of the movie 21 approaches. "He’s the Micky Rosa character in the book played by Kevin Spacey in the movie (you can find his blog here, and the April issue of Men’s Vogue also has a piece that quotes him at length."
"[O]ver time, the once close-knit teams fell apart. They were partly
victims of their own success, says Chang. Everybody seemed to want
bigger stakes or for their investments to grow faster, he says. A
number of players decided to form new, smaller teams.
Chang draws a lot of parallels to the challenges businesses face.
People become dissatisfied with their compensation as the company
grows. Or they miss the entrepreneurial environment and go off to find
it again somewhere else. “I guess this is the essence of startups,” he
says. And it wasn’t like he had much leverage to convince people to
stay. “I had not hidden anything from anybody. It was all transparent,
so it was easy to break away. We had no contracts. We didn’t have
golden-handcuff-type benefits. You didn’t vest, anything like that.”
Chang estimates the MIT teams took about $10 million out of casinos
over the years. “Although it seems like a lot of money, it’s not really
a lot of money, not in a business sense,” he says."