Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
×

Comment Re:Citation needed (Score 1) 103

Um, citation needed.

Yes, there are drugs that can prevent you from forming long-term memories such as in painful hospital situations (many people may experience these when getting a tooth removed). However, there's no such thing as deleting memories this way. When you retrieve a memory, you don't do anything to diminish the long-term memory, so it's ridiculous to suggest that talking about an experience while on memory-inhibitors will somehow erase those memories.

Comment Re:Except that.... (Score 1) 548

Not sure how Services (flipping burgers, IT support, etc.) fall in there but a service based economy sucks as well.

Umm.... Apparently you're living back in the early twentieth century. The US has been a service-based economy for quite some time. From wikipedia:

GDP by sector - agriculture: (1.2%), industry: (21.9%), services: (76.9%) (2009 est.)

Comment Top Coder (Score 1) 516

Get involved in some of the competitions here: http://community.topcoder.com/tc

Start with old competitions to practice on. Even if you never actually compete in any of the real time competitions, you can have a lot of fun with these type of problems and competing against former coders (it scores you based on several criteria). More importantly, this is ideal stuff to buff up your interview skills. If you get good at the topcoder problems, you'll do great in any interview coding.

Comment Re:Clawback, not end (Score 1) 548

I suggested two years, though

This is already the case. Most banks give some percent in cash, some percent in restricted stock units (RSUs) that vest over 1-3 years typically. The percent given in cash decreases as the size of the bonus increases. And this was also the case before all this mess, albeit a little less-so. Though claw-back provisions on these RSUs are new, but are being done and do make sense.

Comment Re:I don't think that means that. (Score 1) 548

They received bonuses that had previously been guaranteed. Think about it in sports terms. A great quarterback may receive a multi-million multi-year contract. Just because he starts to play terribly later on doesn't mean he wasn't considered the best talent when the contract was signed. Nor could anyone have necessarily predicted his future failures (at least not with any certainty).

Comment Re:Except that.... (Score 1) 548

The problem is that hedge funds can't pick up the slack. Yes, they can pick up some, which is why prop-trading is being done away with in banks. However, many of the activities that banks do, just do not scale down and remain profitable in smaller-sized chunks. Arguably, hedge funds have already picked up nearly all that they can, since they are already much less regulated than banks and therefore have significant competitive advantages. Furthermore, as the MF Global scandal made clear, there is actual value in banks that are big enough to be well-trusted.

Comment Re:Clawback, not end (Score 1) 548

The difference is that a successful surgery doesn't directly generate more money for a hospital than a failed surgery. In the long run, yes, a successful surgeon brings in more business to a hospital, so yes they get paid long-term salaries that reflect that. However, for investment bankers, the more successful they are, the more money they bring in immediately. This lends itself to short-term incentive pay far better than in most businesses.

In addition to that, finance is a highly cyclical business. With bonuses, you can simply pay everyone less in bad years. If bonuses were disallowed, you'd be stuck paying high salaries without the resources to fund them, and shareholders would instead take the hit. (And yes, salaries would be high, because there's a lot of money floating around and a lot of competition for who's going to get it, so the best talent will absolutely demand high pay.)

That's not to say we don't need more provisions to more closely align those incentives to long-term success in addition to short-term success. But removing bonuses entirely doesn't make any sense whatsoever. Actually, I think more professions could benefit from incentive-based pay. Teaching, for example.

Comment Re:Well... (Score 1) 743

My point was that a "whiteboard test" where requirements are changing every minute isn't related to the real world in any way.

Perhaps in your line of work. In mine, this is not atypical. Though yes, in general, interviews should mirror the expected working condition as much as practical.

Comment Re:Well... (Score 1) 743

What do you do when someone asks you to give them a real, written requirements list before they start, as they would get if this was a real work situation?

Ha. What "real work" environment do you work in where every project has an unchanging set of clearly-written requirements listed from day 1?

Comment Re:Purely out of curiosity (Score 1) 692

The real issue with it is how much of a dork you look like talking to your phone.

Exactly. And not only that, but the lack of privacy. 90% of stuff you'd want siri to do is just too awkward/intimate to do in public. It's good for drivers, but not much else.

No matter how good Siri might be (and I have some doubts, but it does look cool), it's not going to be revolutionary simply due to this lack of privacy.

Slashdot Top Deals

"Gravitation cannot be held responsible for people falling in love." -- Albert Einstein

Working...