What a Week

This week took the cake for bad news. Bear Stearns, out of cash, was sold to the highest bidder for $2 per share, and everyone expects other shoes to drop on the Street. But that wasn’t the only bad news. Oil hit $110 a barrel; gold broke the $1,000-per-ounce threshold; President Bush admitted the economy is having difficulty (thanks, George); and most of the fund managers I have talked to continue to wait it out on the sidelines. How does all this bad news impact hiring trends? Notwithstanding the deteriorating economic picture, so far, so good. Obviously, on the banking and finance side of the business, there’s plenty of talent on the street, and there’s more to come. But otherwise, recruiting activity in most sectors appears to be holding its own. Most of that activity revolves around strategic and opportunistic hires as well as financial- and asset-management positions to beef up that end of the business for the anticipated transactional recovery.

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.
Job Opportunities
CB RICHARD ELLIS Director for Retail Asset Services

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.