Do you remember the old stories about coal miners forced to rent their homes from the company they worked for?
The tech industry is pulling the exact same scam on your firm today. We happily traded ownership of our software for the convenience of the cloud. We are stuck renting our own data back from tech monopolies who change the rules, raise the prices, and take zero responsibility.
My cruise took me to Saigon the other day. My tour guide was an enthusiastic young man named Hung. He explained that his generation wants to focus on making money and supporting their families, rather than dwelling in the past. When it comes to what the Vietnamese refer to as the “American War,” he said that they are willing to forgive, but not to forget.
by Maureen T. McKay and Murray Gottheil
Our background is in business law. Imagine our surprise when our editor suggested we write about the rule of law, which you might have heard is currently on life support. This foundational principle of democracy is the stuff of inspirational speeches by lawyers of the constitutional, criminal and administrative persuasion. Lawyers like us are more concerned with the trivial things that businesspeople care about, such as maximizing profits while minimizing liability. We are experts in drafting representations and warranties, incorporating companies and doing lunch.
I am on a slow boat to Tokyo. Over the last few weeks, I have come to know Bill and Paul, both good looking guys in their early eighties. Bill is a pianist and music aficionado. He wears a baseball cap that says, “I’m old, but I’m cool,” which pretty much sums things up for both of them.
I recently met with a law firm Associate of a recent vintage, whose employment was terminated after a short tenure at her firm. She has no idea why she was fired, for the simple reason that the firm has not told her. She had received no complaints about her work and had even been given a few compliments. In the legal world, that is just about a ringing endorsement.
Back when I was still willing to set foot in the United States, I booked a cruise from L.A. to Dubai.
But then war broke out in the Middle East, and the cruise line eliminated several ports from the itinerary, shortened my cruise by six days, and dropped me off in Cape Town.
My firm had a thriving real estate practice in the 1980’s. When the real estate market tanked from 1989 until about 1996, they were not happy times. We did not hire any real estate lawyers in those days.
Bob told me about his law firm exit interview with Joan from H.R. When Bob said that he was leaving due to the unreasonable workload, Joan was curious, because Bob was one of several associates who had left that department for the same reason. What surprised Joan was that in other departments, the associates were working many more hours, but no one was complaining, let alone quitting.
Say what you will about Big Law (and I say plenty of unflattering things about them), at least when they hire a junior lawyer, they give them a generous salary and benefits, and more often than not, appropriate training and mentoring.
“Gratitude turns what we have into enough, and more. It turns denial into acceptance, chaos into order, confusion into clarity.”
~ Melody Beattie.
An old man takes his seat on an airplane. The attendant offers him a blanket and a pillow, and helps him settle in. She asks, “are you comfortable?” The old man replies, “I make a living.”
After we earn enough to cover our basis needs, how much more it takes to be comfortable depends on our values. Some people need money for luxury cars, jewelry, big houses in fancy neighbourhoods, and private schools. Others do not.