Merchant Banker 2.0

Web Merchant Bank er 2.0
From merchant banker to Web Merchant Banker 2.0 and a life of meditation – that was the path taken by David after his first European deal when he was only 18 years old. With his first "Investment Fund", Millennium Development Investment Fund. From there, "there's a different between knowing the path and walking the path"(Morphius, The Matrix ). And a belief that "On ne choisi pas d'etre banquier mais on devient banquier" (cite from Mr. Michel Pebereau, former BNP Paribas CEO) Along the way he embraced Information Technology as a tool to act and facilitate his banking knowledge. (to be continued...)

How to come back

How to come back

Our interviews with some 300 derailed CEOs and other professionals, as well as our scholarly leadership research, consulting assignments, and personal experiences, have brought to light five key steps for rebounding from career disaster. Anyone trying to recover from a catastrophic setback can use these steps to match, or even exceed, their past accomplishments:

* Decide how to fight back. Pyrrhic victories will hurt you by calling attention to the accusations leveled against you. But when your reputation is unfairly damaged, you must take quick action.

* Recruits others into battle. Friends and family can provide comfort and perhaps, some perspective in your hour of need. But acquaintances may be more important in landing the next job.

* Recover your heroic status. Deposed leaders are often advised to sign nondisparagement agreements. Don’t do it. Engange instead in a multitiered campaign to clear your reputation and restore your stature.

* Prove your mettle. After suffering career disaster, you will probably have doubts about your ability to get back to the top. You must overcome that insecurity and in the process find the courage to prove to others – and yourself- that you have not lost your magic touch.

* Rediscover your heroic mission. It is the single minded pursuit of a lasting legacy that sets great leaders apart. To recover from a disastrous setback, find a new heroic mission that renews your passion and creates new meaning in your life.

Firing Back: How great Leaders Rebound after career disasters.

Firing Back: How great Leaders Rebound after career disasters.

Stunning recovery is possible from even the most catastrophic of setbacks. Michael Milken, Martha Stewart, Home Depot’s Bernie Marcus, Bank One’s Jamie Dimon, and others came back from the depths by following the path of the universal hero.

The leader’s fall from “who’s who”to”who’s that?”is full of stigma and shame. But the story doesn’t have to end there. By Jeffrey A. Sonnenfeld and Andrew J. Ward. Excerpt taken from Harvard Business Review South Asia, Special Issue January 2007.

Getting beyond rage and denial

One of the most important steps on the route to recovery is to confront and acknowledge failure. This can be as simple as understanding the Machiavellian politics of others. So as you set about rebuilding your career, make sure you:

- Remember that failure is a beginning, not an end. Comeback is always possible.

- Look to the future. Preemptive actions are often more effective than reactive ones – even if they only take the form of standing back and reflecting on what to do next.

- Help people to deal with your failure. Even close friends may avoid you because they don’t know what to say or do. Let them know that you are ready for assistance and what kind of aid would be most useful.

- Know your narrative. Reputation building involves telling and retelling your story to get your account of events out there and to explain your downfail. Be consistent.