Notes &
Then again, a lot of this high-priced talent got us into trouble in the first place. If some Wall Streeters move on, perhaps other, more innovative professionals will take their place and build something a bit more durable.
“You might get down to the core group that actually likes finance, and lose people who are coming just for the money,” says David S. Resnick, co-head of investment banking at Rothschild in the United States. If he’s right, that’s sounds like the kind of brain drain we could live with.
Wall Street’s Brain Drain Defense - NYTimes.com (via adamkatz)
Better articulated and researched than what I was trying to get at a few weeks ago…
