Although I don't have a business, it will be changing my spending. Thankfully, I already have a Bank of America account, and I'm not worried about them going under, but I'm not as sure about my IRA. Although there wasn't much in it to begin with, I'm not at all interested in investing more money to it right now. As far as my other spending goes, most of its bills, so I can't really cut back on that anyway.
Greed is Good
If the consequences weren’t so tragic (some are starting to think of the “D” word), the convulsions in the financial market would probably make a good movie, perhaps a perfect reprise for Michael Douglas’ Gordon Gecko character from the 1987 film “Wall Street”.
Rather than try to suppress greed, what if we channeled and amplified it, completely embraced it with renewed vigor. Unfettered greed expanding across the enterprise into every nook and cranny in pursuit of:
* A greed for innovation.
* A greed for profitable customers.
* A greed for investors that share in a desire for long term value creation.
* A greed for employees with a passion for customer centricity.
* A greed for customers that act/think like partners.
Greed played a role in getting us into this situation and ironically only more greed will help us get out and stay out. The alternative is no longer an option.
There’s no escaping Gecko’s logic about greed…greed IS good. Its part of the reptilian brain. It spurs competition, innovation, evolution, revolution. Everybody understands greed, Americans understand it as do Canadians, even Swedes! Its probably a more universal language than math.
6 Total
September 18, 2008 at 11:04am by Rachel King
Although I don't have a business, it will be changing my spending. Thankfully, I already have a Bank of America account, and I'm not worried about them going under, but I'm not as sure about my IRA. Although there wasn't much in it to begin with, I'm not at all interested in investing more money to it right now. As far as my other spending goes, most of its bills, so I can't really cut back on that anyway.
September 18, 2008 at 12:58pm by Jon Payne
No not so much... perhaps a tad. I'm more trying to curb my personal spending and increase savings for the "rainy day fund".
September 18, 2008 at 3:04pm by David Mullings
No, I just won't setup that new corporate account Morgan Stanley that I was talking with them about for 2 months.
September 18, 2008 at 5:35pm by chris snedd
yes....I'm investing more!
September 19, 2008 at 2:01am by miro slodki
Greed is Good
If the consequences weren’t so tragic (some are starting to think of the “D” word), the convulsions in the financial market would probably make a good movie, perhaps a perfect reprise for Michael Douglas’ Gordon Gecko character from the 1987 film “Wall Street”.
Rather than try to suppress greed, what if we channeled and amplified it, completely embraced it with renewed vigor. Unfettered greed expanding across the enterprise into every nook and cranny in pursuit of:
* A greed for innovation.
* A greed for profitable customers.
* A greed for investors that share in a desire for long term value creation.
* A greed for employees with a passion for customer centricity.
* A greed for customers that act/think like partners.
Greed played a role in getting us into this situation and ironically only more greed will help us get out and stay out. The alternative is no longer an option.
There’s no escaping Gecko’s logic about greed…greed IS good. Its part of the reptilian brain. It spurs competition, innovation, evolution, revolution. Everybody understands greed, Americans understand it as do Canadians, even Swedes! Its probably a more universal language than math.
Greed is Good
September 19, 2008 at 9:45am by Anne Bala
Yes, we have cut back unnecessary travel, cut back on external training classes and lowered our participation levels at some of the tradeshows.
We have also reviewed our customer base to determine opportunities to expand in verticals that are not under water at this time.