It caught my attention that the SAC Capital Advisor trader, Mathew
Martoma, who was convicted of insider trading, had his MBA from Stanford
rejected. He had earned that degree in 2003, but Stanford has now taken
that degree back. I actually didn't know that a university could do
that, but it makes sense to me. By breaking the trading laws, Martoma
proved that his education didn't sink in and he never learned the
lessons taught. I suspect he is learning his lesson now. This is a
stark reminder that what we think we have today, can be taken away from
us tomorrow if we don't respect and honor that with which we know and
keep in trust. A brand's reputation can be tarnished forever if we don't
care for it and cherish it closely. An employee that we need, can can
leave at a moment's notice because we overstepped our boundaries and
didn't do all we could to keep them happy. A partner won't renew
because we didn't treat them like a real partner. A customer never comes
back after the salesperson refused to truly listen to them.
The old
adage is, "Here today, gone tomorrow".
In today's world, it's more
like, "Here today, gone today".
Friday, March 7, 2014
Here Today, Gone Today
Labels:
bolts of thinking,
Mathew Martoma,
rusty rueff,
SCA Capital,
stanford
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