HR; Meet Wall Street

March 22, 2009

From the Department of Scary Quotes

Just by chance I read two articles the same day.

The first at portfolio.com outlined the quantitative modellers or quants that built the mathematical models that, in their words;

…That Killed Wall Street

The second, a BusinessWeek article by Stephen Baker titled; Data Mining Moves to Human Resources (emphasis mine)

….For executives to calculate the return on investment of each worker, their human resources departments are starting to open their doors to the quants.

I guess that means we will be rightsized, downsized, or RIF’d by the same mathematical quants that brought us Lehman, Bear Sterns and AIG.

Make you feel warm and squishy inside doesn’t it?

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2 Responses to “HR; Meet Wall Street”

  1. elliotross Says:

    I think that the “Banks” that make up Wall Street are taking the brunt – people forget about the short term Private Equity & hedge funds that play it as a game –

    Investing not in a company – but playing a game with its stock – They train managers like dogs to watch the quarterly stock price or be replaced

  2. James Jett Says:

    When I consider my unwanted experience with “Wall Street,” and add everything I am hearing, reading and being told by my associates today, and if it is all true; I hope Wall Street is died and will be buried soon!


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