In 1996, I switched jobs within Smith Barney from investment banking to equity research; within weeks Smith Barney bought Salomon Brothers. That should have been a good thing, except that I had been hired to start coverage of the Cement and Construction sector in Latin America, and Salomon Brothers already had an Institutional Investor-ranked analyst in that area. With several of my colleagues in a similar situation, weeks of speculation ensued as to which analysts were in and which would get the boot. Senior management attempted to mollify us by rattling off the reasons why this acquisition made sense, but for those of us wondering if we had a job, their strategic vision was irrelevant.
Three Answers Every Employee Needs
In 1996, I switched jobs within Smith Barney from investment banking to equity research; within weeks Smith Barney bought Salomon Brothers. That should have been a good thing, except that I had been hired to start coverage of the Cement and Construction sector in Latin America, and Salomon Brothers already had an Institutional Investor-ranked analyst […]
January 31, 2011
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New!
HBR Learning
Attracting and Cultivating Talent Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Attracting and Cultivating Talent. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Discover how to attract, hire, develop, and keep talented people who will grow and thrive throughout their employee journey.