Friends Don't Let Geek Friends Work In Finance 732
theodp writes "If Vivek Wadhwa remade Pinocchio, instead of The Coachman luring naughty boys to Pleasure Island to engage in mischievous behavior and be transformed into donkeys, you might find Goldman Sachs CEO Lloyd C. Blankfein luring bright engineering grads to Wall Street to engage in mischievous behavior and be transformed into, well, asses. While the practice of poaching engineering talent slowed after the economy tanked in 2008, Wadhwa is dismayed to report that thanks to hundred-billion-dollar taxpayer bailouts, investment banks have recovered and gone back to their old, greedy ways, snagging engineering grads who might otherwise solve the world's problems, making them financial offers they can't refuse, and morphing them into quants, investment bankers and management consultants. 'Not only are the investment banks siphoning off hundreds of billions of dollars from our economy with financial gimmicks like CDOs,' writes Wadhwa, 'they are using our best engineering graduates [25% of MIT grads in '06] to help them do it. This is the talent that our country has invested so much resource in producing.' He concludes: 'Let's save the world by keeping our engineers out of finance. We need them to, instead, develop new types of medical devices, renewable energy sources, and ways for sustaining the environment and purifying water, and to start companies that help America keep its innovative edge.' Amen, but how 'ya gonna keep 'em down on the Engineering farm after they've seen Wall Street?"
Mama don't..... (Score:5, Funny)
France? what did they do now? (Score:2, Funny)
Never mind.
LoB
Re:Mama don't..... (Score:4, Funny)
I'll add to that this nice drawnimation: RSA Animate - Drive: The surprising truth about what motivates us [youtube.com]
Wow that sucks to watch, maybe they could have just typed it up and saved us all 10 minutes of our lives?
What is with people turning something that can be read in 30 seconds into an animation that takes 20 times as much to view? That's like the video blogs that sometimes get linked in a slashdot article. Just give us the text so we can view it and get on with our lives...
Re:The work itself (Score:2, Funny)
Can't imagine why anyone would ever call you "ill-informed" for posting that, when it's so rational, informative and well-argued.