International Investment Bankers Awaken To A 21st Century Tool

‘Teleconferencing’ has been available and widely used for a number of years world-wide. While many businessmen availed themselves the use of such a tool, many International Investment Bankers [I.I.B.s] did not. Apparently, they believed the myths of their predecessors that ‘Eye-To-Eye” contact was necessary to establish a bond of trust with their customers; in fact, many absolutely adhered to this fantasy. An important incentive to this delusion was the fact that five star hotels, limousines, first-class cabins, and other perks were included with each jaunt to a possible customer. With their banks paying for all the costs, and the public picking up a big portion of the expenses, through the banks tax deductions, the I.I.B.’s were happy.

We, in our daily activities have been, over many decades, exposed to such gentlemen, and aware of their mandate. What has escaped us has been that a International Businessman trains continuously in close observations of those with which he or she is in contact. This is especially true as to I.I.B.’s who are offering to control one’s assets. The old adage: “The Eyes Do Not Lie.” is especially applicable to such people. Additionally, much as a “Psychological Stress Evaluator” machine listens and analyzes, so do we. In fact over enough years of practice, this talent is effective even over a mere telephone call. Do not I.I.B.’s understand this?

I.I.B.’s must now stay at home and try to convince customers of the efficiencies and their rewards to possible clients. To seasoned I.I.B.’s, this will not be a problem. To the university-educated novices, who have not been schooled by their professors in such ‘Arts’, this will be a major hurdle. We hope that those I.I.B.’s who wear their arrogance near their cuff-links on their shirts; we have met many, will be humbled by the Internet Technology of Teleconferencing [in trying to close deals]. For those who fail as to the demands of ‘Remote Associations’, they should practice a different profession.

Technology is wonderful, but it is a mere tool which should be used to work for the greatest asset of man [which is located above his eyes and between his ears]. And, at least the I.I.B.’s do not have to sit for hours, inside aircraft with mediocre Environmental Control Systems which do not stop Covid-19 and its many ‘cousins’

Reality: Quick adaptations, to new Business “Environmental” demands, separate ‘Survivors’ from ‘Fatalities’.

Reference: https://www.finews.ch/themen/finews-life/41231-investment-banker-grounding-fliegen-flughafen