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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (2145)	2/24/2001 3:58:02 PM
From: GraceZ	Respond to of 46821

Laughing here as the concept is right either way as long as the end result is positive. Darleen, in your own querky 'round about style sometimes you hit the nail right on the head. I've lived through quite a few downturns in my own business and I can tell you that it is always a revelation when you realize that one of your smaller customers that was a bother to deal with during the boom turns out to be a godsend when the hot shots disappear. Back when I was a photo assistant I worked for two very different photographers. One who was older and far more successful money-wise and better known than the other. But what was a constant source of amusement to me was that the two had such completely different views on life. The more successful one was a total pessimist. Things were almost always going great for him, he would be getting a ton of dream jobs and when you'd say to him, "That's great. " He'd answer, "It ain't gonna last." The other, a total optimist, saw something positive in almost everything. Even if he went through some big calamity he always tried to look on the bright side. Like if he lost a bid on a job and you'd say, "I'm sorry that you didn't get the job" He'd say, "Well you know it's a good thing I didn't get that job because I could tell right from the start it was going to be a nightmare." Over time, and I've watched these guys for twenty-five years, without a doubt, I'd have to say that the one that was less "successful" was always the real winner. What turned out to be most interesting is that over time the optimist also turned out to be the one that was the most successful professionally and money-wise as well.

To: Ahda who wrote (2145)	2/24/2001 4:04:36 PM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 46821

One would think that the "good ones" would be held, but not always. The good ones also demand the highest levels of compensation and collateral benefits. During downturns if a business is desperate enough to start slashing staff, the corporate axe looks heavily at the bottom line, and not other merits, especially when the future is unsure. Often, the most senior, hence most experienced and most mature, individuals are the first ones who are invited to take an "early out," not the last. Likewise, during corporate outsourcing deals (remember those? we may see a resurgence in the popularity of those megadeals, soon.. there are many talks being held now), when the enterprise decides to sell its assets and contract to an OS firm in return for lease-back over ten years and an infusion of cash, they often hand over their most experienced (read: expensive) staff, as well, who may, or may not, be used by the OS firm to service the principal [who let them go] during the ensuing years of the outsource contract. Which makes such things as institutional knowledge transfer and information management difficult to achieve.