Hi! I’m in Delaware.
Wilmington, Delaware, Inc. to be exact. The incorporation capital of America.
I’m here on business with E&Y. I focus on the sexy world of hedge funds and private equity funds. It’s insane how much money gets thrown around. You should see the size of my hotel suite. It’s 4 times the size of my entire NYC apartment. And my apartment is not that small.
These hedge fund managers are getting paid millions of dollars. Often, for being wrong. What a gig. I don’t know many other jobs where you can make, not earn, so much money for not doing your job well. Weathermen can be wrong.
No matter how many times well-tanned, whiter than white teeth, Mr. Sam Champion is wrong; he’ll still have a job.
Most anti-preneurs seek job security. Everyone from teachers to doctors to truck drivers wants and demand job security. In fact, it’s a big deal when a professor or teacher gets their tenure. It’s customary to celebrate such an accomplishment.
But is job security really a good thing? There is a reason why college basketball is so much more exciting than the NBA.
I believe college athletes have something to prove. They are hungry, determined and are filled with a burning desire to get to that next level. They want to collect their pay day. They want it so badly that that treat every single play as if it were a tryout.
College basketball is what separates the men from the boys. Either they are going to play basketball professionally or not. They know NBA scouts are watching their every move with a microscope.
Once they make the NBA, they don’t have to worry. Something happens to 95% of all people. Whether it’s the guaranteed contract for $100 million for 6 years or a guaranteed contract for $75k for one year; the same thing happens.
I think complacency and the ‘it doesn’t matter’ attitude happen. I’ll still get paid, I’ll still have a job and I’ll still have health insurance and benefits whether I put the pedal to the metal or not.
Job security is a license to get lazy. It means you don’t have to treat every single day as it were a tryout.
What if your paycheck always depended on your performance whether you were the CEO or the janitor?
If you owned a company would you rather have salaried or performance based employees?
This world would be very different.
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