Tuesday, November 6, 2007

When Gates Lost Top Spot

Much like the 3a.m. news bulletin without a caffeine rush, here's whats on the menu this morning:

For starters, Gates is no longer the world's richest man - of course, the man to replace him has celebrated his wife's birthday by gifting her a customized Airbus. Fun eh? But lets get to the point - a USD240 mil investment in Facebook has quite correctly been deemed "not a mistake" by company CEO Ballmer. One has to sit back and question the longterm value of this project - surely we're talking about a few billion dollars. Hence, while not a stock market guru in any sense, if you've got the dough to spend, mate Facebook is the way to go.

Of course, as an alternate serving you could bet on the next Facebook. Analysts at CIO Insight are listing it as Aptara (aptaracorp.com) - 'the content transformation company.' And speaking of CIOs' (well to a certain extent), we all know they are the highest earners as far as IT salaries are concerned, but in a year when this salary segment is expected to rise at double the inflation rate, its interesting to note that amongst the top 30 jobs, the worst you can do is a six figure salary as a Business Continuity Analyst.

Conversely, if someone could kindly enlighten me as to where on Earth these six figure salaries are to be found? Where exactly are these analysts getting their data from? Here's what I find ridiculously hilarious - a student graduates, armed with knowledge that is alien to the world, expecting a decent job offer. Sadly though, every task that he/she thinks applicable towards his/her talents, is one that requires "3-10 years worth of work experience." 10 years later when the student goes to apply for that job, the response is "uh sorry - your skills are outdated." Right then - economists won't help but stop talking about structural unemployment, or the dire need to keep yourself at par with the human capital that is demanded in the industry, but analyze this - haven't we attained that par by graduating from one of the big 5 institutes, regardless of the field you are in?

Frankly speaking, unless you are an individual approaching retirement, and have a miracle clause somewhere in your lease on life, I really don't see the six figures applicable. Yes - you could counter that with Zimmerman and co., but fill in the 'and co.' - reckon you could count the names on your fingertips! Don't even need a calculator, or a complex array of strings to compute that.

A delicacy for starters, yet a rather sour dessert - dear habitue - that is today's menu.

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