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'Chasi'ng Yahoo

It is unfortunate and sad to see that once storied brands also fumble. And fumble big. This is not much different than the sops that believe in the notion of role models only to see that these very models among citizen were infidel to their spouse all along or that they had a certain affinity to banned substances or were a pedophile. Most recently America saw two such instances of high visibility but poor execution (I guess we get one juicy bomb a month now a days it seems) with the CEO of Yahoo admitting to something he was not but purported to be. He had an entire degree missing. Oops. Now I remember having to send notarized versions of my qualification for every job I got hired into here in the US but I suppose if you are a citizen and a highly paid exec at that it is assumed that your qualifications are on the up and up. Why would one pretend to be someone they are not? He had to leave the building after four months. Another foot in the mouth involved a large Financial Institution perhaps not known worldwide but a large player in the American economy by the name of J.P Morgan Chase. The first initials are for John Pierpont who was a famed financier and industrialist born 200 years ago. He created the empire that in the late 1990s merged with Chase bank and created the JPM CHase company. This very same Chase was also a recipient of the famous TARP or bailout fund created by the US government to avoid worldwide economic chaos. The very same Chase just recently announced a bad bet that cost their bottom line $2 Billion loss. In the days of multi billion hand outs and such this seems like pittance but if the media is to be believed a few heads rolled for this egregious action. Egregious actions seem to be coming out of the woodwork these days - many from the highest echelons of business, art, sport et al and so the human mind continues to deceive for personal gain. But then there is justice in some small part meted out - to what extent it impacts people who may be at their job out of boredom remains a mystery but it does provide a ray of hope to the common man hoping to strive for the corner office through good old fashioned hard work.

Comments

  1. When there is a lot of money sloshing around as in a bank, there is bound to be some guy whose head turns..but amnesia about one's degrees is something else...

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