What will happen to Bear Stearns Employees?
No one knows for sure at this point, but these types of events are why I’ve been advocating that you take control of your career. With the latest ‘Bear Stearns’ debacle it shows you are not even necessarily safe and secure at a huge investment bank. That’s why it always pays to keep your network alive and to never be caught off-guard by these types of events. Things you can do in good times and in bad are:
- live within your means
- have a nest egg saved for these types of events
- build a network of people in your industry
The first company I worked for got bought out and I was laid off a few months later. The next company had some rough patches and at that point I vowed never to be ‘out of control’ again. I wanted to be in control of my career. This is all about being proactive rather than reactive.
