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GeekMBA360

Career and Money Advice At The Intersection Of Business And Technology

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Entries from October 2008

Fed fund rate is at 1% now. What will Fed do next? Cut it to 0%?

October 31st, 2008 · No Comments

This past Wednesday Fed cuts its benchmark interest rate target by 50 basis points to 1%. I’m wondering what will happen next. Given the direction our economy is going, Fed probably needs to keep cutting its rate. But, it’s already 1%. How much more can they cut? It’s actually conceivable that the Fed will cut […]

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Tags: 401K and Money Market · Beat Recession

"HR won’t listen to me. They don’t really care about me. I cannot talk to them about my problems and frustrations." — HR is NOT your counselor and you need to understand the role of HR

October 31st, 2008 · 2 Comments

"The worst part about this company is that HR won’t listen to me. They don’t really care about me as an employee. I cannot talk to them about my problems and frustrations." A friend complained to me about a Fortune-500 company he has worked for seven years. I told him that he didn’t really understand […]

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Tags: Career Fast Track · Corporate Ladder · Frustration@Work

Should you go back to business school to hide from recession? (Part 2): 4 compelling reasons and 3 overrated reasons

October 30th, 2008 · 4 Comments

If you haven’t read Part 1 of this series, please read Should you go back to business school to hide from recession? (Part 1) before you read this post. Below is my list of top 4 compelling reasons to justify going back to business school: You want to make a career transition to a new […]

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Tags: Beat Recession · Go Back to School · MBA

Should you go back to business school to hide from recession? (Part 1)

October 29th, 2008 · 3 Comments

I applied for business school when the dotcom bubble was bursting in 2001.  Many people told me that I was lucky to attend an excellent business school from 2002 to 2004 because my timing was great — I was able to "hide" myself in business school (and presumably "partying and having a good time") while […]

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Tags: Beat Recession · Go Back to School · MBA

“I just got laid off. I’m shocked. What am I going to do now?” — an inspirational video for you!

October 28th, 2008 · No Comments

"I just got laid off. I’m shocked. What am i going to do now?" — i just talked to someone a couple of days ago. He was completely shocked about being laid off by a large Internet company. He asked me to practice job interview with him, but he was having a hard time to […]

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Tags: Beat Recession · Uncategorized

Why I don’t like Sequoia Capital’s "R.I.P Good Time" presentation

October 28th, 2008 · 1 Comment

I have been waiting for such an article — Ho Nam, a venture capitalist from Altos Ventures, had a great post about his different perspective on Sequoia’s "R.I.P Good Time" meeting/presentation. In case you haven’t seen the "R.I.P" slides, GigaOM has a detailed post. Since the "R.I.P Good Time" slides were leaked to the press, […]

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Tags: Beat Recession · Company Analysis

How the economic downturn will affect outsourcing to China and India?

October 27th, 2008 · 5 Comments

I don’t have the crystal ball to predict the future. I’m not an economist by any stretch of imagination. But, I’d like to offer my observations on this from my own experience. After all, I worked with outsourced operations at almost every single job I had. Observations Outsourcing to China is mostly in the manufacturing […]

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Tags: Career Fast Track · China · Company Analysis

Cover letter for laid off worker

October 27th, 2008 · 3 Comments

A reader emailed me recently for helping on cover letter. I thought our email Q&A might be helpful to others as well. To protect privacy, I have made some minor changes to our conversation. Hope this will be helpful to folks who are in similar situation. Q: I came across an article you had written […]

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Tags: Beat Recession · Recruiting & Job Hunting

Go ScooterGirls!!! – An inspiring entrepreneurial story of starting a business during the current financial crisis and finding a way to beat layoffs

October 23rd, 2008 · 6 Comments

“You know what, I have to expect I’m gonna lose my job. So what am I going to do about that? You either let it happen to you and be a victim in this economy or you say, "I’m not going to be a victim." — Arlene Battishill, founder and CEO, ScooterGirls, Inc. I heard […]

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Tags: Beat Recession

Why Amazon.com bought its way into casual gaming

October 22nd, 2008 · No Comments

Silicon Alley Insider reported that Amazon (AMZN) makes a push into the world of casual gaming with the acquisition of Reflexive Entertainment. The article mentioned that "Not clear what Amazon’s thinking is here." I think I have some ideas about the rationale behind this acquisition. 🙂 In the retail world, business is managed by categories […]

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Tags: Company Analysis