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Wall Street Oasis » Blogs » bankerella's blog
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Four myths that b-school shattered for me
 

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bankerella's picture
bankerella
      IB
 
 
(King Kong, 1,895
 
Points)
 on 8/17/12 at 5:00am
Unicorn

If the most valuable type of learning is learning you're wrong, this is the most valuable section of the $250k notebook:

Revenue synergies are like unicorns. If someone says he’s seen one, he’s probably never been fucked.

The triple bottom line: The number on the third bottom line is usually subtracted from the other two.

Health insurance can't make health care affordable. It isn't even supposed to. As a whole, health insurance has to cost people more money than it saves for them. If it didn’t, companies couldn’t afford to stay in business. (I have no excuse for why I didn't realize this until business school, except perhaps that I'd never really had reason to think about it. Auntie Bankerella expects some good flames about this one from you big swinging douchebags in the comments section.)

Condom use is not necessarily more prevalent among top MBA candidates than the national average. Use of hormonal birth control definitely is. (PSA: Don't be a dumbass; you still gotta wrap it up. Just because that girl/guy is super-nice and used to work in PE, you think this is the first time they've had unprotected sex in their lives? What do you think they were doing in Germany last month? And what are the chances that someone they slept with has slept with someone who banged Thai tranny hookers?)

Natural and normal are opposites. So we should probably stop conflating them. In support of this statement, I offer the three following bullets:

  • In order to get ready for work, survive work, relax from work, and sleep, most people rely on at least one psychoactive substance. Going all-natural is abnormal.
  • I once attended one of those warm, fuzzy, caring/sharing events for female MBAs. There were 15 women in the mid-late stage of their careers who had a family. I asked them to be honest and reveal how many of them had had IVF. The answer: 9 out of 15. (One additional person had adopted without doing IVF, but she was in a domestic partnership with another woman.) So for this population, natural reproduction is abnormal.
  • And finally, my favorite example: for millenia, a normal human 26-year-old was married, had a family, and was mature and established after spending ten to fifteen years progressing in their career. On the other hand, let's look at what's normal for the average 26-year-old MBA at a top program. They are cutting class, drinking all night, working on their tans, working on their abs, going to Thailand or Germany on the weekends, still thinking about what career they want, still at least somewhat reliant on parents, and a long way from marriage and commitment. In this population, we can posit that normal adolescence lasts 15+ years.

    Nothing wrong with aiming to land in this culture, as long as you remember that prolonging your adolescence naturally shortens the years you could be living your adulthood, and that many people find full adulthood richer and more rewarding than adolescence.

See my other WSO blog posts
  • triple bottom line
  • revenue synergies
  • MBA
  • health insurance
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Comments

Domino's picture

bankerella: The most valuable

Domino
     
 
(Baboon, 135
 
Points)
 on 8/13/12 at 2:19pm
bankerella:

The most valuable section of the $250k notebook:

bankerella:

Use condoms

Not sure if serious

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Unforseen's picture

I realized in b-school that

Unforseen
     
 
 
(King Kong, 1,129
 
Points)
 on 8/13/12 at 2:25pm

I realized in b-school that plan B is the single biggest pollutant relative to its size.

Check out my Blog

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SirTradesaLot's picture

Now, please post some of the

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 2:26pm

Now, please post some of the myths about attending b-school. Some people here believe it will transform them from Super-dweeb to Superman while the opposite sex drops trou every time they learn they go to 'HBS' or whatever. You are the perfect person to give them a reality check.

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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Anacott_CEO's picture

Sometimes I feel bad for you

Anacott_CEO
      CF
 
(King Kong, 1,260
 
Points)
 on 8/13/12 at 2:30pm

Sometimes I feel bad for you that this is the stuff you learned at b-school

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In reply to Domino
Going Concern's picture

Domino: bankerella: The

Going Concern
     
 
 
(King Kong, 1,877
 
Points)
 on 8/13/12 at 2:32pm
Domino:
bankerella:

The most valuable section of the $250k notebook:

bankerella:

Use condoms

Not sure if serious

no time for the old in-out, love, i've just come to read the meter

You have to play the game to find out why you're playing the game.

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sayandarula's picture

bankerella: Revenue

sayandarula
      O
 
(King Kong, 1,809
 
Points)
 on 8/13/12 at 2:37pm
bankerella:

Revenue synergies are like unicorns. If someone says he’s seen one, he’s probably never been fucked.

but... but... but... i read about revenue synergies in the CFA curriculum. surely they must be real.

:-(

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

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SonnyZH's picture

I'm gonna stab you to death

SonnyZH
      HF
 
(King Kong, 1,094
 
Points)
 on 8/13/12 at 2:42pm

I'm gonna stab you to death and play around with your blood, bankarella.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

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In reply to SonnyZH
sayandarula's picture

SonnyZH: I'm gonna stab you

sayandarula
      O
 
(King Kong, 1,809
 
Points)
 on 8/13/12 at 2:46pm
SonnyZH:

I'm gonna stab you to death and play around with your blood, bankarella.

american psycho reference ftw. or not.

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

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BlackHat's picture

What's more upsetting than

BlackHat
      HF
 
 
(Senior Neanderthal, 5,118
 
Points)
 on 8/13/12 at 2:46pm

What's more upsetting than anything is that all these things are actually believed by most people.

And of course people in business school have no clue what they want to do... why else would they be there?

Edit: And I thought that one phrase was "cutting glass" which I was going to say actually applied to me, but it was "cutting class." Other than that, no concerns.

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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peepstache's picture

interesting picture you chose

peepstache
     
 
(Baboon, 140
 
Points)
 on 8/13/12 at 3:18pm

interesting picture you chose for the post

rufiolove:

When evaluating whether or not to post something on WSO, I think to myself, "would an idiot post this" and if the answer is yes, I do not post that thing...

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In reply to peepstache
bankerella's picture

peepstache: interesting

bankerella
      IB
 
 
(King Kong, 1,895
 
Points)
 on 8/13/12 at 3:21pm
peepstache:

interesting picture you chose for the post

That's because I want you guys to think of that picture every time someone says the words "revenue synergies" from now until the day you retire.

See my other WSO blog posts

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valuationGURU's picture

Did you go to Wharton?

valuationGURU
      CF
 
 
(Senior Gorilla, 841
 
Points)
 on 8/13/12 at 3:21pm

Did you go to Wharton?

See my other WSO blog posts

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Tolland15's picture

Several things came to mind

Tolland15
      O
 
(Baboon, 150
 
Points)
 on 8/13/12 at 3:31pm

Several things came to mind while scanning your latest cranial bombardment:

1) What's the point of M/A, cross-marketing, and rebranding if revenue synergies don't exist? Serious question, I need the answer so I can eventually be fucked.
2) Who the fuck goes to Thailand or Germany for a weekend? This one's important, as your proximity to these places is a key indicator of your heritage. As I've stated in early posts, I believe there is a slim chance you are white, and an overwhelming chance you have two dads.
3) When referring to your female MBA fuzzy events, you mentioned IVFs. I think the acronym you are searching for is "IBD." I would agree that 9/15 women in IBD seems abnormal. As a banker, you should know better. Silly Bankerella!

I was taught that the human brain was the crowning glory of evolution so far, but I think it's a very poor scheme for survival.

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TNA's picture

Who is the Bankerella? Like

TNA
      O
 
 
(Human, 13,711
 
Points)
 on 8/13/12 at 3:31pm

Who is the Bankerella? Like WTF are these posts I keep seeing? Myths of Bschool are no condom usage and synergies don't exist? I mean c'mon.

I used to think endless posts about drug tests and arguing about what is a target were bad. I now know the true meaning of what bad can be.

MSF Website
MACC Website
MSF Twitter

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Tommy Too-toned's picture

Adulthood is overrated.

Tommy Too-toned
     
 
(Gorilla, 512
 
Points)
 on 8/13/12 at 3:34pm

Adulthood is overrated.

Muscle and hustle, life's just a game girl. You know that..

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In reply to TNA
Going Concern's picture

TNA: Who is the Bankerella?

Going Concern
     
 
 
(King Kong, 1,877
 
Points)
 on 8/13/12 at 3:37pm
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You have to play the game to find out why you're playing the game.

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WSOusername's picture

Fwiw, I think Bankerella is

WSOusername
     
 
(Senior Gorilla, 952
 
Points)
 on 8/13/12 at 3:51pm

GBS

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In reply to Going Concern
sayandarula's picture

Going Concern: TNA: Who is

sayandarula
      O
 
(King Kong, 1,809
 
Points)
 on 8/13/12 at 3:57pm

Money Never Sleeps? More like Money Never SUCKS amirite?!?!?!?

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In reply to sayandarula
BlackHat's picture

sayandarula: Going

BlackHat
      HF
 
 
(Senior Neanderthal, 5,118
 
Points)
 on 8/13/12 at 4:37pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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In reply to TNA
TheSquale's picture

TNA: Who is the Bankerella?

TheSquale
      AM
 
(Senior Orangutan, 439
 
Points)
 on 8/13/12 at 4:38pm
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In reply to sayandarula
GS's picture

sayandarula: Going

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/13/12 at 4:43pm
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In reply to GS
WSOusername's picture

GS: sayandarula: Going

WSOusername
     
 
(Senior Gorilla, 952
 
Points)
 on 8/13/12 at 4:48pm

GBS

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In reply to GoldmanBallSachs
BlackHat's picture

GoldmanBallSachs: GS: say

BlackHat
      HF
 
 
(Senior Neanderthal, 5,118
 
Points)
 on 8/13/12 at 4:50pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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In reply to GoldmanBallSachs
GS's picture

GoldmanBallSachs: GS: say

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/13/12 at 4:53pm
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In reply to GS
SirTradesaLot's picture

GS: Is there a reason why

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 4:56pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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In reply to GoldmanBallSachs
Brady4MVP's picture

GoldmanBallSachs: GS: say

Brady4MVP
      HF
 
(Neanderthal, 3,161
 
Points)
 on 8/13/12 at 4:57pm
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In reply to SirTradesaLot
GS's picture

SirTradesaLot: GS: Is there

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/13/12 at 4:57pm
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In reply to Brady4MVP
GS's picture

We were wondering when you'd

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/13/12 at 4:59pm
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In reply to GoldmanBallSachs
Going Concern's picture

.

Going Concern
     
 
 
(King Kong, 1,877
 
Points)
 on 8/13/12 at 5:23pm

You have to play the game to find out why you're playing the game.

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tempaccount's picture

but... but... but... what

tempaccount
      HF
 
(Baboon, 118
 
Points)
 on 8/13/12 at 5:03pm
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In reply to tempaccount
GS's picture

tempaccount: but... but...

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/13/12 at 5:11pm
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In reply to GS
SirTradesaLot's picture

GS: SirTradesaLot: GS: Is

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 5:18pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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In reply to SirTradesaLot
GS's picture

SirTradesaLot: GS: SirTra

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/13/12 at 5:20pm
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personofcolour's picture

When I read your posts I

personofcolour
      O
 
(Monkey, 33
 
Points)
 on 8/13/12 at 6:50pm
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In reply to GS
SirTradesaLot's picture

GS: SirTradesaLot: Interest

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 7:08pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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In reply to personofcolour
bankerella's picture

personofcolour: When I read

bankerella
      IB
 
 
(King Kong, 1,895
 
Points)
 on 8/13/12 at 7:10pm

See my other WSO blog posts

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In reply to SirTradesaLot
GS's picture

SirTradesaLot: GS: SirTra

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/13/12 at 7:21pm
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In reply to GS
SirTradesaLot's picture

GS: SirTradesaLot: GS:

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 7:36pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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In reply to SirTradesaLot
bankerella's picture

SirTradesaLot: Also, BS is

bankerella
      IB
 
 
(King Kong, 1,895
 
Points)
 on 8/13/12 at 7:41pm

See my other WSO blog posts

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wannabeaballer's picture

Myth #5: People give a shit

wannabeaballer
      O
 
(Senior Orangutan, 459
 
Points)
 on 8/13/12 at 7:47pm
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In reply to SirTradesaLot
Going Concern's picture

SirTradesaLot: Ok, I'll bite.

Going Concern
     
 
 
(King Kong, 1,877
 
Points)
 on 8/13/12 at 7:50pm

You have to play the game to find out why you're playing the game.

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In reply to bankerella
SirTradesaLot's picture

bankerella: SirTradesaLot:

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 7:59pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

    • Credits
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In reply to SirTradesaLot
bankerella's picture

SirTradesaLot: bankerella:

bankerella
      IB
 
 
(King Kong, 1,895
 
Points)
 on 8/13/12 at 8:02pm

See my other WSO blog posts

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In reply to Going Concern
SirTradesaLot's picture

Going

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 8:04pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

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In reply to SirTradesaLot
Going Concern's picture

SirTradesaLot: Going

Going Concern
     
 
 
(King Kong, 1,877
 
Points)
 on 8/13/12 at 8:10pm

You have to play the game to find out why you're playing the game.

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In reply to bankerella
SirTradesaLot's picture

bankerella: SirTradesaLot:

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 8:22pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

    • Credits
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In reply to SirTradesaLot
bankerella's picture

SirTradesaLot: Bankerella, Pl

bankerella
      IB
 
 
(King Kong, 1,895
 
Points)
 on 8/13/12 at 8:53pm

See my other WSO blog posts

    • Credits
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In reply to bankerella
SirTradesaLot's picture

bankerella: SirTradesaLot:

SirTradesaLot
     
 
 
(Senior Neanderthal, 4,781
 
Points)
 on 8/13/12 at 9:20pm

I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.

My WSO Blog

    • Credits
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In reply to SirTradesaLot
GS's picture

SirTradesaLot: GS: SirTra

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/14/12 at 4:13am
    • Credits
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GS's picture

Getting off the finance

GS
      ST
 
(Senior Gorilla, 903
 
Points)
 on 8/14/12 at 4:22am
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Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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