No deal

Well, more shoes are dropping. Lehman announced a whopping quarterly loss and needs to raise $6 billion from investors. Last Friday, the markets were seriously rattled with the latest jolt of oil price increases, and the price of gas at the pump broke $4 this week, further squeezing consumers We still seem to be looking for the bottom of this difficult economic cycle, and it’s unnerving, to say the least. This market is also beginning to have an impact on the hiring processes. We have noted with more frequency that hiring managers do not feel compelled to stretch when they make offers to candidates. With fewer searches and less competition for talent, a more conservative mindset has taken hold. In fact, some companies are now even balking at giving individuals their whole 2008 bonus and offer only to prorate them. The problem is that he or she will leave one half or more of this year’s bonus on the table if they leave their current employer. The rub is that top performers are still at a premium, and by cutting corners around the edges of an offer, the shortsighted hiring manager may end up with a “thanks, but no thanks.”

Job Opportunities
HOLLIDAY FENOGLIO FOWLER, LPREAL ESTATE ANALYST(ATLANTA, GA) Responsibilities include developing and maintaining comprehensive financial models, preparing offering memorandums and proposals and coordinating the due diligence process.

JONES LANG LASALLESTRATEGIC SOURCING MANAGER (NEW YORK CITY) The successful candidate will assess and build annual sourcing initiatives; act as a key communication liaison with the client procurement team and the account manager; prepare and execute sourcing initiatives; and provide management, instruction and follow up to support the operations teams in standardized RFP/bid and contract processes.

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