More Executives Leave Jobs For a Year or Two to Unwind, Explore New Opportunities
It's becoming more common, and more acceptable, for executives to take some time off. For one thing, executive careers are not as linear as they onbce were. Wave of corporate restructuring have created far more churn within work forces, and burnout is rife. All those factors are propelling employees to jump off the treadmill for a few months or longer without knowing exactly where or how they'll land when they choose to jump back on.
The Wall Street Journal, August 2, 2005
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'I Quit! ...for a While.'
By: Pete Kendall, August 2, 2005 |
Be Careful What You Ask For
Here’s [a] headline that hints at a 180-degree turn:
Give Me a Break!
With the economy booming, more Americans are demanding the ultimate perk: a long breather from work.
The article quotes one burned-out, high-tech executive explaining, “I had gone over the top.” The founder of iVillage said she could not care less about the nosedive her company had taken in recent weeks. “Everyone talks about the bubble bursting. I say, ‘Who cares, when am I going to get some sleep?’” These managers should be careful. The last time people threw the culture into reverse with fashion and lifestyle statements as evocative as these, they got a much longer winter’s nap than they bargained for. Workers, to be sure, are on the verge of more free (literally) time than they ever imagined possible.
The Elliott Wave Financial Forecast, July 2000
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We've seen this kind of ship jumping before. In fact, it was right before the market started down in earnest in the summer of 2000. Giving in to the urge to "jump off the treadmill" is the perfect sentiment for the end of a long-term advance. At the peak in 2000, the phenomenon focused on the tech sector, but these days, the "burnout" appears to be more general. So, the signal probably applies more fully to the economy as a whole, as well. |
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