Financial Industry News
The Talent Magnet (NY Times)
President Obama will be talking about economic growth and competitiveness in the State of the Union address Tuesday night. It will be interesting to see if he talks about it in the standard way or in a visionary way.
Starting Over, With a Second Career Goal of Changing Society (NY Times)
Harvard kicked off a small but ambitious experiment this week that it hopes will become a new “third stage” of university education. For the student-fellows in the program, most in their 50s and early 60s, the goal is a second-act career in a new stage of life.
Where the Jobs Are For Wall Street Pros (Wall Street Journal)
As the latest crisis on Wall Street unfolds, recruiters say their phones are ringing off the hook with anxious finance professionals on the line. The sale of Merrill Lynch & Co. and the bankruptcy-court filing of Lehman Brothers Holdings Inc. have prompted workers from those firms to launch immediate job searches. Recruiters say newly displaced finance professionals should consider other types of employers or fields, and consider opportunities at smaller banks — which are ramping up hiring right now.
In Praise of Failure (Ode Magazine)
Sooner or later, failure is pretty much inevitable. In fact, a life devoid of failure is in many ways not a full life. As J.K. Rowling told this year’s Harvard graduating class, “It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all-in which case, you fail by default.” So if at first you don’t succeed, try, try again-but try to fail better.
Women Entrepreneurs Get Global Helping Hand (The Wall Street Journal)
Mary Ugbe started her educational publishing company in Lagos, Nigeria, four years ago, with little understanding of how to balance the books, let alone grow a business. Over the past five months, though, she’s learned to double revenues and better account for them, thanks to a training program sponsored by Goldman Sachs Group Inc.
It’s No Time to Forget About Innovation (NY Times)
BY its very nature, innovation is inefficient. While blockbusters do emerge, few of the new products or processes that evolve from innovative thinking ultimately survive the test of time. During periods of economic growth, such inefficiencies are chalked up as part of the price of forging into the future.