tag:blogger.com,1999:blog-23550078.post115566556188963926..comments2023-09-29T08:04:32.799-05:00Comments on makingourway: job search update OR executive power networking!makingourwayhttp://www.blogger.com/profile/13748811641577990850noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-23550078.post-1155753311189728312006-08-16T13:35:00.000-05:002006-08-16T13:35:00.000-05:00"Tomorrow I will write a thank you letter. He also..."Tomorrow I will write a thank you letter. He also mentioned that one of his clients is looking for a CEO with my background. That, too, could be interesting."<BR/><BR/>Just what I was thinking - seems they really like you, so even if they can't work out a position for you they can put you in touch with people who might be able to. Knowing the local bank chairman can't be a bad thing! :)mOOmhttps://www.blogger.com/profile/03440274434662150925noreply@blogger.comtag:blogger.com,1999:blog-23550078.post-1155740412774788872006-08-16T10:00:00.000-05:002006-08-16T10:00:00.000-05:00Sounds like you are doing great with your networki...Sounds like you are doing great with your networking. The further along I get in my career, I find that networking is really the only good way to find the best jobs. Even when headhunters are involved, it helps to already know people within the organization that can help you navigate the internal politics and vouch for you.<BR/><BR/>The one bit of advice I'd give you is to try to find ways to remain in contact with all these executives on a social level. What charities, external organizations, etc. are they involved in. It could take them months, even years, to formulate their business reorg, so you want to be running into them whenever you can and making excuses to get together for dinner, drinks, etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-23550078.post-1155692399716340952006-08-15T20:39:00.000-05:002006-08-15T20:39:00.000-05:00Update:My lunch with the President/CEO of the bank...Update:<BR/>My lunch with the President/CEO of the banking organziation went well. He asked me for a copy of my resume (though he could have been doing it out of politeness) and mentioned my combination of operations, technology and sales were a unique combination, which was encouraging.<BR/>I believe they will be creating executive level positions for efficiency, etc..., but from him it sounds like they are still working out what they need.<BR/>I think my strategy will be to help them create the new roles and help manage those people.<BR/>We'll see how things go.<BR/>Tomorrow I will write a thank you letter. He also mentioned that one of his clients is looking for a CEO with my background. That, too, could be interesting.<BR/><BR/>I left a message with the Chairman this afternoon and am waiting to hear back from him to schedule an appointment. I'll also meet again with the regional President to test several ideas.<BR/><BR/>Have a wonderful day,<BR/>makingourwaymakingourwayhttps://www.blogger.com/profile/13748811641577990850noreply@blogger.comtag:blogger.com,1999:blog-23550078.post-1155673652339658492006-08-15T15:27:00.000-05:002006-08-15T15:27:00.000-05:00Follow up on another comment:Thanks - the commissi...Follow up on another comment:<BR/><BR/>Thanks - the commission is $9.99 for me. I am trading 3000-4000 shares in my two Ameritrade accounts. So it is around 1/4 to 1/3 of a cent per share. So the brokerage is much less than the spread between bid and ask prices. It might not make sense to do this kind of strategy if you were trading only 100 shares.<BR/><BR/>Short-term trading on my Australian account is a whole other prospect as the minimum commission cost is 0.1%. In other words about 10 times higher than this.mOOmhttps://www.blogger.com/profile/03440274434662150925noreply@blogger.comtag:blogger.com,1999:blog-23550078.post-1155673206367016192006-08-15T15:20:00.000-05:002006-08-15T15:20:00.000-05:00OT - in response to your question on my site:I hav...OT - in response to your question on my site:<BR/><BR/>I haven't read Bernstein. Is he talking about price changes or total return? 3.5% seems low for total return even after inflation to me. The thing is because of an increasing share of profits in GDP we have got down to a P/E near historic averages at this point. Assuming this share of profits in GDP is maintained we should see going forwards a total return equal to E/P+ the % change in real GDP. That would be something like a 7-8% total real return. In the 1982-2000 bull market returns were above that because P/E ratios were rising from a very low level. Bears think returns will be low going forwards because they think that P/Es will decline to historic lows of 8 or so. They might do that eventually, but based on Kondratief that might not happen for 30 years.... Of course the share of profits in GDP might fall back again to historic lows. I think though we are in a more permanent shift to higher profit levels...<BR/><BR/>So the bottom line is there are lots of scenarios out there. None of the reasonable ones point to the extremes of either the 1982-2000 bull market or another great depression.mOOmhttps://www.blogger.com/profile/03440274434662150925noreply@blogger.com