Friday, June 3, 2011

u owe a bank$10k..your problem;u own them$1m...bank's problem

Case 1a) If you owe a bank $10k, it's your problem; but if you own them $1m ... bank's problem.

Case 1b) If a small financial institution fails, it's their own problem; but if a big one fails, it's government's problem. Look at Lehman.

Case 2) Suppose you interview 10 IT contractors (perm even worse) and hire one. If she proves clearly unfit in a month, it's the consultant's problem (losing job); but if it's after 3 months, it's employer's problem. To some extent, employer invests in each new hire, in terms of training.

After 3 years (GS experience), when employer has milked the cow enough, they don't mind letting her go except the package. They may create an opportunity to "lose" her.

Case 3) if in the first rollout Informatica (or any software vendor) can't meet a customer's requirement, it's the vendor's headache; but if it shows imperfections a year after it goes live, that's the customer's headache. Customer has invested too much into this software product.

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New York (Time Square), NY, United States
http://www.linkedin.com/in/tanbin