Back to the Real World
As a person who spends a lot of time in both New York and Washington, I consider neither place to be "the real world". New York is too focused on money and the markets. Washington is too focused on power, position and politics. Both places have grown increasingly out-of-touch and out-of-control in recent years. Both Wall Street's and Washington's key players have developed "blind spots" since they tend to see things from their "unique" and insular perspective. Washington has always been reliant on spending taxpayers' money and now many financial institutions have received taxpayer assistance. Such assistance changes the ballgame big time, and some Wall Street players evidently haven't gotten the message yet. It's time that they did.
Both Washington and Wall Street players would gain a better perspective by spending more time in the "real world" dealing with "real people". They would also benefit from having access to real world views through advisory groups, independent research and other mechanisms. During my 15-year career in government and in my current role as CEO of a foundation, I have always used independent research and external advisory groups. I have also made it a regular practice to venture around the country to stay in touch. It has helped me do a better job and I'm sure that it would help others as well.
Posted by: flacan | February 4, 2009 12:06 PM
Report Offensive Comment
The comments to this entry are closed.