chavvon smith - has the financial industry gone crazy?
It seems that everyday I read an article about the huge losses these financial companies have incurred and the management that’s being fired as a result. If ALL the companies are posting huge losses, I would think it’s a market issue and not a management issue. Citi, Merrill Lynch and all the others seem to make it a habit to promote new management when the market is crashing. If they would keep the existing management in place, they would be able to recognize the market issues when they start to arise the next time. Experience plays a huge factor in recognizing market trends. Stop trying to find a scapegoat and just stick out the troubles. Brighter days are just around the corner…
Chavvon Smith