boo !
gold-eagle.com
Also in the news this week was reports of lay-off's and redundancies in the internet world. How do you become redundant after six months on the job? What has changed? What about my stock options? One can imagine the hype that was used as new employees were no doubt promised that the dot coms were going to take over the world. "We are the fastest growing businesses in the world today, this is the place to be, stock options will make you rich, etc, etc". Then six months later you are redundant? No job, no options, in debt and maxed out on your credit cards. Boo!
Speculative blow offs, historically, do not end well. The participants tend to suffer from a shortage of shirts, a change in lifestyle and the new BMW suddenly becomes a 1989 Toyota.. The participants end up working in the service industry, waiting on tables, washing dishes and their cell phones no longer work. Often they change neighborhoods as well, having suddenly developed a preference for a less affluent area. Some even resort to residing at the family home, moving back in with Mom |
