11–20 of 71 posts
That's another proof that China is on on the rise. I'm sure pretty soon "Rent a White Guy" practice would cease to exist, because being a Chinese businessmen would be as reputable as being an American.
All it shows, is that China thinks the west is better. A point in time of china's opinion, not even a view of a changing opinion.
That's another proof that China is on on the rise. I'm sure pretty soon "Rent a White Guy" practice would cease to exist, because being a Chinese businessmen would be as reputable as being an American.
How is the fact that Chinese businesses want the chinese people to think that they're american businesses a proof that china is on the rise? All it shows, is that China thinks the west is better. A point in time of china's opinion, not even a view of a changing opinion.
These jobs are more prevalent and easier to snag than you think. I lived in Beijing when I was 21 and after 2 months and with the Chinese proficiency of a 2 year-old, I was working directly with the president of what is now a publicly-traded (NASDAQ) company as a "consultant". Paid my rent for a year.
A Malaysian coworker of mine told me about this sort of phenomenon years ago. (Something like 2002?) He was working for Compaq in the Asia-Pacific region, and noted that his group would often send in someone with asian features someplace with a proposal, which would get rejected. They'd later send a white American to give the same presentation, and it would win.
In short, they were committing fraud, but because their lie involved fictitious American customers, they needed some white faces to pull it off.
Heh, yeah, this is nothing new. There is more than one investment bank in London that hires professional actors to deliver presentations, then the real bankers take the stage at Q&A time. If someone says "now I'll hand you over to my colleague..." that's a dead giveaway. In other shocking news, bankers don't do their own PowerPoint slides either... There are people employed full time to do just that. We're all human,…
In other shocking news, bankers don't do their own PowerPoint slides either...
There are people employed full time to do just that.
Heh, yeah, this is nothing new. There is more than one investment bank in London that hires professional actors to deliver presentations, then the real bankers take the stage at Q&A time. If someone says "now I'll hand you over to my colleague..." that's a dead giveaway. In other shocking news, bankers don't do their own PowerPoint slides either... There are people employed full time to do just that. We're all human,…
In other shocking news, bankers don't do their own PowerPoint slides either... There are people employed full time to do just that. You mean associates and analysts? They at least fall under the category of "junior banker" and are on the right track to become deal closing bankers someday. Plus, the senior bankers make revision requests, so the junior bankers are like a high level programming language turning the comm…
Again, there's nothing wrong with this. But once you know that this is how the game is played, you won't be wowed by the presentation anymore. And then you'll pay more attention to the content. And then, in supreme irony, they might as well have gone for the basic slides... But most people, most of the time, will conflate the presentation with the content.
That's another proof that China is on on the rise. I'm sure pretty soon "Rent a White Guy" practice would cease to exist, because being a Chinese businessmen would be as reputable as being an American.
Besides, we all know that China is on the rise and that they do a lot of exports.
Earlier quoted context omitted.
In other shocking news, bankers don't do their own PowerPoint slides either... There are people employed full time to do just that. You mean associates and analysts? They at least fall under the category of "junior banker" and are on the right track to become deal closing bankers someday. Plus, the senior bankers make revision requests, so the junior bankers are like a high level programming language turning the comm…
Sure an analyst might slot the numbers in, maybe tweak the text. But what makes it a slick presentation is that the media assets, the layout, the overall structure, are done by a professional graphic designer who doesn't know a thing about banking per se, but knows all about creating compelling presentations. When I worked in consulting, another bit of the company did stuff like this. "Below the line" work it was cal…
Lehman Brothers, Morgan Stanley, Goldman Sachs, BZW all had a 'graphics department' in the mid-90s and I worked briefly for all of them. Good job for them, too - you wouldn't believe the crap that some merchant bankers would want to give to clients.
(In fact, several of the banks had specific instructions to us about not permitting egregiously-misleading graphs get into the wild. X^2 graph axes, truncated axes designed to make a 1% price change look more significant... I remember seeing a couple of all of them every week.)
US securities laws in particular made getting in and out of the room a very complex affair. Depending on which banker's doc you were working on right now, you had to discuss things outside of the door at one end or the other of our office, but they weren't permitted to enter the room and their door passes wouldn't open our door. The little corner of Lehman's in London we were in was over ten minutes of card-waving away from the front entrance.
2040: "Rent a Chinese Guy"