Even though my week started off peacefully, the week wasn’t the same for everyone.
Fallout of Lehman Brothers financial institution, take over of Meryllynch by Bank of America, a narrow escape for AIG from bankruptcy.
I started to follow news closely hoping to gain some key insights into what does this mean to me. When I say “mean to me”, I do not know how does this affect me? Being an Aspiring MBAiian added to the complexity to the problem making me stumble across every Jargon and finding its root.
Trying to get my hands on every piece of literature available starting with all news editions, Googling, Wikipediaing.
Yeah the Meryll-BOA Episode had some repercussions to my Organisation as, currently 2% of our revenues are from Meryllynch.
All in all its not only me, or my Organisation thinking about the turmoil, the complete Banking, Financial Sector enabled IT services companies are giving it a second thought.
I Spoke to a friend of mine who works for this going to be estranged Customer for my company (ie., Meryllynch). He sounded very disheartened. He was not sure what would be his future and that has left him in a mirage of illusions.
Hope these would be the last major changes in this week….
Posted on 18th Sept 2008 (Thursday) at 10.05 pm
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