Desperate times call for desperate measures, and since the cash flow problems were for good reasons, i.e., high growth, I felt that cutting back on employees or job-related costs wasn’t the right answer. Further, since I wasn’t getting paid a salary most months, in order to help the cash flow, adjusting my costs would have had no effect either. Finally I came to realize that what I really needed was more sales during the down months, but at no extra cost to the firm. In other words, I personally had to get back out on the street and start creating some new revenue.

The purchase of the collapsed Lehman Brothers by Nomura was more for the benefit of gaining its highly skilled employees. But reports are coming in that the staff may not be as willing to stay as the conservative securities company may have hoped...

Although one of the most high-tech countries in the world, there is still a surprisingly low number of people that own a PC at home. We look at the latest technology to help the PC-less get connected to cyber space.

The last four weeks have created unimaginable fall-out in the financial markets, with the USA going from five major investment banking firms in March 2008 to none in September. Of these, Lehman Brothers was allowed to go bankrupt, Bear Sterns was sold off to J.P. Morgan Chase, and Merrill Lynch was sold to the Bank of America. Morgan Stanley and Goldman Sachs substantially shored up their capital with outside investors as well as converting into fully regulated banks.