GUILTY! Turning Out to Be Mere Media Event - The Commonsense Hedge

"Wall Street Billionaires Are Rushing to Back Trump, Verdict Be Damned"

 Bloomberg, May 31, 2024

Fundraising has also picked up dramatically. And even media, which made hay from this development, is not necessarily throwing shade on the ability of convicted felon Donald Trump to win the election. Democrats who have been warned, for instance by influencer O'Dwyer's Kevin McCauley, to nudge Joe Biden off the ticket should feel no sense of relief. 

Obviously Trump's effective spin machine can continue positioning and packaging Trump as a political martyr and more. I grew up in the Frank Hague political machine in Jersey City, New Jersey. This is how things can go. In fact, Hague had been quoted as declaring: I am the law. 

This reality has serious implications for sectors and professionals who require outreach into the Beltway. If they don't manifest support for Trump and other conservatives they could be left out into the cold. The changing of the guard after an election can be brutal in terms of who gets chased out of town and who gets locked out. 

A blatant example of this vulnerability are the large law firms whose signature is embracing progressive stances. Open Secrets documents that they are major contributors to the Democratic Party. Some play it safe with also hefty contributions the the Republican Party. They range from Kirkland & Ellis to Akin Gump. In contrast Paul, Weiss and Covington are among those whose political donations are primarily for the Democratic Party. 

Fundraising not only empowers a party to tell its story. Publicity in all mediums is expensive. The amount of it is also dutifully reported by media as a sign of the strength of the campaign. It seems like a commonsense hedge for sectors like law firms which are dependent on access in Washington DC to ramp up contributions to conservatives. 

As for the macro takes on the guilty verdict, it's being recommended that can come from following international media such as Financial Times. So much for that. But the election will be decided by voters within the US. 

In my coaching I increasingly emphasize political dynamics. They can shape a career more than knowledge base, hard work or even achievements. About the latter, myriad professionals get turned down for promotions because they played the political game very wrong.

Limiting beliefs? Self-defeating? Stuck? Complimentary consultation with Coach/Tarot Reader Jane Genova (text/phone 203-468-8579, janegenova374@gmail.com) 

 



Comments

Post a Comment

Popular posts from this blog

Kirkland & Ellis Reported to Be Building Moat Around Firm to Deter Poaching of Stars

  "Kirkland gives partners more than half their pay after the end of the year in which they earn it. For partners who depart to other firms, the new policy gives the firm discretion to withhold that pay, according to a person familiar with the change."   Bloomberg Law , July 18, 2024 Scrapper Kirkland & Ellis is no slouch when it comes to protecting its business - known as the most successful law firm in the world.  Paul Weiss  certainly got in the way by launching not one but two high-profile raids on its London office stars. Gone were brandnames ranging from Neel Sachdev to Roger Johnson. In addition, Latham poached Matthew Cohn. If there is such a policy, as reported, then Kirkland & Ellis has created what could be an effective deterrent for both partners' leaving and potential poachers' approaching the star lawyers. And it all comes downs to money - big money: That is, both what partners would leave behind which they have already earned and how much ...
Read more

Akin Gump Julia Ghahramani's March 2021 Cocaine+ Death - So?

   It had been way back more than a year ago that first-year associate at law firm Akin Gump Julia Ghahramani died from cocaine laced with fentanyl. Yet that story keeps resurfacing.  This week  RollonFriday  revisits it. And  Reddit Big Law  considers the issue if the energy from cocaine is what's making possible those 2,500 hours billed in law firms.  Is what's keeping this on the radar the hunch that use of the illegal substance cocaine is common among those practicing law? After all, in addition to being an energy-booster, it provides a nice reward for such hard-working lawyers. Also, they have the earnings to afford it. Most of the rest of gunners have to stick with boozing. So, why not?  The reality might be setting in that the death could simply have been an aberration. Think about it this way: Ghahramani had bad luck in her alleged choice of dealers. Others might be able to exert more scrutiny in overseeing the content of the il...
Read more

Up-or-Out: McKinsey Raises the Pressure, In Contrast Some Law Firms Ease It through Nonequity Partner Tier

" McKinsey & Co.  warned some US consultants last week they are running out of time to win promotion, raising the 'up or out' pressure on staff as the global consulting industry struggles." - Abovethefold Article in Bloomberg , March 27, 2024 This is yet another sign that once-iconic McKinsey is a professional services firm in trouble. One challenge is overcapacity of manpower. It has also warned about 3,000 consultants about "concerns" regarding their performance.  In addition to the overall slowdown in management consulting, McKinsey faces scrutiny from myriad sources about its client list including assignments with China and Saudi Arabia. There also has been that hatchet-job book "When McKinsey Comes to Town." The most damning aspect of the expose is that former employees dump on it. Posts on the professional anonymous network Fishbowl Consulting aren't optimistic about a turnaround at McKinsey or at other players in that sector. In cont...
Read more