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Diamonds Aren't Forever

This morning, Barclays' CEO, Robert Diamond, resigned after coming under intense pressure resulting from a UK and US probe that showed his traders blatantly sought to manipulate the London Interbank Offered Rate, or LIBOR, to disguise the high cost of the bank's own funding and to pad the profits of certain traders. In the wake of the scandal, the chairman resigned and the new chief operating officer is also expected to resign. Barclays is now without a leadership team, and the board is likely scrambling to determine if internal solutions exist or if they will need to launch searches to fill the seats. This scandal comes after JP Morgan's Jamie Dimon was grilled on Capitol Hill over bad trades with losses that will likely top out over $9 billion, based on reports in the Wall Street Journal and New York Times four days ago. I must admit, I am not a big fan of government regulation but these recent, serious lapses in management and self-control do not make my case any easier.

Tony LoPinto is the Global Sector Leader of Korn/Ferry International's Real Estate Practice and founder of SelectLeaders. The views expressed in this article are the author's own.

PROLOGIS
Research Associate/Director
(SAN FRANCISCO) ProLogis has an immediate opportunity for a research associate/director to perform the following: develop a strong knowledge of industrial real estate, global markets and logistics demand drivers; assemble quarterly data on macroeconomic and real estate trends; attend meetings with regional teams, brokers and other local experts to gain and share insight into changing market conditions and opportunities; create quarterly reports on key market drivers and market conditions for internal and external consumption and to further brand as a thought leader; and contribute to forecasts of turning points and future growth in local and regional economies, trade, real estate supply, demand and pricing.

LOWE ENTERPRISES
Leasing Associate
(LOS ANGELES) In collaboration with the brokerage and management teams, the successful incumbent will successfully lease all vacant space at the project, renew/expand existing tenants, and minimize turnover within the project. Duties include assisting asset manager and brokerage team to perform all new leasing at the six plus and Alameda project, including prospect qualification, proposal generation, NPV analysis and lease negotiation; lease renewals and tenant expansions; interfacing with existing tenants at the project; meeting with existing tenants to discuss space expansion/renewal requirements; generating all renewal proposals/leases; preparing NPV analysis; and understanding assigned market areas.

PROLOGIS
Property Manager
(EAST RUTHERFORD, NJ) Prologis is seeking a property manager in their East Rutherford, NJ office. This position is responsible for the overall operation and financial success of assigned properties in accordance with company policies, procedures and standards to ensure that service delivery meet company performance and quality standards. Bachelor's degree is required. Ten-plus years of experience as a property manager; or a CPM or RPA designation; or equivalent combination of education and experience is necessary. Three years property management is required.