I know these are terrible times for the US financial sector and other related sectors (like BFSI vertical dependent IT services firms). Yet I cannot wipe off the smirk on my face. How mean of me, isnt it. well, well, consider this.
After working for 3 years in the largest US automotive supplier company, I landed up in a B-school. The problem was my firm had just filed for chapter 11 bankruptcy. Now you cannot start to imagine my predicament if you have not been to a B-school HR class. Every now and then, my batch-mates, suitably encouraged by the prof, were giving examples of one or the other HR practices of their previous companies. From the venerable Indian IT bellwether to the redoubtable Indian trusted conglomerate, it seemed to me that I was a nobody in this illustrious group. After all, what example could I quote about a company which had just now gone bankrupt! Attempting to explain the difference between a chapter 11 bankruptcy and chapter 7 bankruptcy made me look like a moron who was just trying to save face.
And now, after passively hiding my previous company's identity for almost 2 years, I get this news that one of the most respected names in Wall Street has gone bankrupt. yahooooooooo! What a relief. It is almost as if I have been given a badge of honour stating that I worked for a company which is in the league of Lehman brothers. Given the brand equity that Lehman enjoys(or enjoyed) in B-schools, I am sure every person including the prof, would shut up and listen now when I sing paeans praising the hr practices in my previous company. Long live bankruptcy.
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