Either reassuringly or worryingly (depending on your point of view), I was thinking about you lot whilst reading a couple of articles in the Economist this weekend.
First, the long term navel gazing article - the business section profiled Ram Charan. A 69 year old who is a one man band consultancy. He started out working in a shoe shop in India and is now a trusted advisor to numerous CEOs throughout the world. Quite simply, do you really want to be a consultant at 69 - he racked up 500,000 miles on planes last year and gets clean clothes couriered to him by his executive assistant. Not sure if that's really what I'm after - in fact I'd be happy if my wife just did more of my ironing.......Read the full article at http://www.economist.com/people/displaystory.cfm?story_id=13183962 for those of you who subscribe to this publication.
Slightly less philosophical was the second article, "What can banks learn from the clean-up after the telecoms crash of 1997-2003". I thought this might be interesting for those of you who aspire to work in FS, and for those of you who are working at phone companies (a large number of the group). Conclusion: "For telecoms, the glamour and infamy were followed by mediocrity. Banks are still staggering about in the limelight, but the same fate surely awaits them"....The full article is at http://www.economist.com/finance/displaystory.cfm?story_id=13185901. Interesting because it might help us understand how long before we can expect to do some decent work in FS again.
Let me know by mail if you are interested in reading the articles but don't have access and I'll read it to you over the phone with cookies and a glass of warm milk.
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