Tuesday, July 15, 2008

Buzz words will save you

http://mobile.nytimes.com/article?a=203358&f=23

In responce to their flagging fortunes citibank has chosen to respond with... jargon.

'He pushed 60 top managers to build on his seven rules, which he unveiled in the last few weeks. Those rules include items like "client connectivity," "transparency" and "product excellence."

Maybe it is a matter of just righting the ship and weathering the storm. Or maybe it is that the finance sector is a bunch of isolated from reality overpaid assholes who only know how to work the country club and cook the books. The last decade and a half has seen the industry really 'blossom'. But over that same time all I have seen is a relatively stagnant global economy (with the drivers being the emerging economies with relatively high levels of underitilized human capital) and a new bubble every few years driven by the misdeeds of the asset class and their bankers.

2 comments:

Anonymous said...
This comment has been removed by a blog administrator.
Anonymous said...

What are the other four points, do you know?

Or are they top secret magaic runes?