http://blogs.wsj.com/deals/2010/05/12/mean-street…
Very interesting post.
I think that everyone is at least a little bit fascinated by the idea of being able - scratch that, being REQUIRED - to tell anyone precisely what they are thinking, with no self-censorship for the sake of manners, politeness and politics.
And it is interesting to me that McKinsey and GS - companies I only know by hearsay, but supposedly filled with bruthal performance reviews - are painted as so opaque by the columnist.
| +130 | Is my life over after not getting GS? | 32 | 2h | |
| +107 | BEING WHITEGIRL IS PARADISE | 20 | 1s | |
| +73 | Best IB group on the Street | 35 | 52m | |
| +65 | Thoughts and tips on how to speak like an investment banker. | 25 | 20h | |
| +58 | BIG FOUR ARE PARADISE | 15 | 21h | |
| +49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 14h | |
| +38 | UBS Outlook | 28 | 1d | |
| +35 | How to deal with egotistical team? | 6 | 3d | |
| +33 | Highest Paid Bankers in Toronto? | 51 | 19h | |
| +31 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Great post thanks for sharing. I'm not sure the world is ready for this, particularly our sensitive, pat me on the back, millenial generation.
To me, this is an ideal culture for a capitalist firm. Capitalism requires rational beings making decisions with perfect information. A culture like this would encourage both of these aspects. If everyone is completely honest, then no one will 'go along' with the boss when he has a bad idea just because he is angry/being a baby/inclined to make a decision for emotional reasons. As we all know, decisions that are grounded in rational thought are far superior to decisions grounded in emotions.
As for perfect information, a culture like this would be about as close as you can come to having perfect information. Real, honest feedback from your colleagues allows you to have perfect information to make the best decisions.
Of course, a culture like this is completely unrealistic (as is an ideal, capitalist society, but I'll save that for another post). Who could possibly survive in a culture where all emotional reactions are completely discouraged? I don't think many people would be able to survive in this type of environment.
Ut eaque voluptatum et occaecati hic. Illum nostrum sunt ullam repellendus. Tenetur veritatis dolore dolores vitae placeat quam. Amet eveniet dolor nostrum autem molestias dolor.
Et temporibus et et et omnis voluptate. A vel aut consequatur voluptatem architecto. Quod perferendis perferendis harum saepe cumque et consequatur magni. Ut eaque error voluptatum. In autem maiores aliquam officia non et. Optio aspernatur quia nisi quo quis labore et. Corporis maxime quaerat corrupti dolor.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...