201 Street

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My boss asked me to come into her office to chat a few weeks ago. She asked me how I thought morale was and if everyone was being productive. I told her that everyone seemed happy enough and that I wasn’t hearing a lot of complaints but that since it will be a while before we have another holiday and three day weekend, they seemed to be bored and in need of corporate team building, to break up the day-to-day routine.

She thanked me and a week or so later she announced that we were all to take a leadership training course. She said the reason for this was two-fold. First, she knows that sitting in front of a computer day after day gets old and she knows that the only days off in the next few months are personal days.

The course was a big success. Not only did we all learn a lot but morale picked up and everyone was smiling. Our boss seemed very human in the eyes of everyone in her department because she seemed like she understood what it’s like to be one of us. Now everyone’s productivity has increased because of the team building programs and I’m up for a promotion since the boss appreciated my honesty and opinion.

The US banking sector could incur mark-to-market losses of as much as $60bn this year on commercial real estate and other exotic mortgage loans, types of debt financing that represent the highest risk to banks’ earnings and capital, according to research from Goldman Sachs.  Read more