Pages

Showing posts with label Dot-Com Era. Show all posts
Showing posts with label Dot-Com Era. Show all posts

Friday, January 4, 2013

What Was, What Is, What Will Be—Part Two

I promised this story would be continued whenever I got around to it, so now I'm getting around to it. I know that you've been waiting in suspense to hear how it continues. Recall that when we left off, my job had just been saved by the appearance of a benefactor from the Far East, who had founded a new company, Phoenix, from the ashes of XYZ Corp. 

The initial period right after the creation of the new company was one of improvisation, because there were no physical facilities as such. Phoenix rented a couple of offices in one of those places that rents out temporary office space, and into that were crammed a few desks and some file servers and networking equipment. Most of us either worked remotely from home or at a client site.

Right before XYZ Corp. finally threw in the towel, I had been staffed on a project to redesign the Internet presence for a large regional bank. I was taking over the security design part of the project from a colleague of mine, a competent member of our information security group at XYZ, but a guy who was also a little over-intense in his devotion to the principles of what we in the business affectionately refer to as "infosec", and generally kind of an oddball; the kind of person who presents a happy, friendly facade but who simultaneously gives off a vibe of having  something dark and troubling bubbling away under the surface. At some point he mentioned to me that he took regular medication for chronic depression; I don't know why he felt like sharing this with me and it wasn't something I necessarily wanted to know anyway, but it did explain some things.

But as the uncertainty created by XYZ's slow death spiral mounted, it turned out that my colleague was having marital problems at the same time, and I guess the situation got to be too much for him at some point. He began skipping meetings and ignoring deadlines for the one project he still had—the aforementioned bank project—and ultimately stopped showing up for work at all. I was given the task of taking over his role and cleaning up the mess that he had left with what was now going to be my client. I hate taking on those kinds of assignments, since starting out a consulting assignment with an already irate client is generally somewhat less than amusing. But hey, this was no time to be picky about work assignments.

There was another complicating factor in all this as well. The bank we were working for had also been an investor in XYZ. Not a major investor, but the sum of money that their CEO had committed with great fanfare as part of a "strategic partnership" wasn't trivial, either. That commitment was not without controversy, coming at a time when XYZ was already on the ropes, and Mr. CEO was left with a fair amount of egg on his face when XYZ gave up the ghost just three months later. Word was that he was not terribly happy about this.

So I knew that the meetings I had scheduled for my first on-site visit on a Tuesday morning in early September of 2001 were going to be somewhat challenging, happening as they were under the double shadow of both the overall flame-out of XYZ and the acute mess that had been left by my now ex-colleague. The office I needed to visit was just over the border in a neighboring state, about an hour and a half away. I arranged to get a ride with another of my colleagues who was working with the client. It was a beautiful fall morning as we drove down there.

It was about 9 AM when we got into the building in which we were supposed to meet our other colleagues. I went to find the guy from Phoenix who was in charge of our group to ask where to park myself until my first meeting. He was on the phone with someone, talking in kind of an agitated way and saying things like, "a plane?" Another colleague turned to me to say that apparently an airplane had just flown into one of the World Trade Center Towers in New York.

I had been to the top floors of one of the towers a couple of times for business meetings and I remember watching the traffic of small planes and helicopters flying up and down the Hudson River and thinking how weird it was to be so high up in a building that I was actually looking down at air traffic going by. So when I heard that a plane had hit one, I assumed it must be an accident, that a small plane had somehow veered off course and into one of the towers. But when I finally got online a few minutes later and went to the CNN web site to get some details, I saw a picture of a gash across most of the front of the building that didn't look like it was made by a little four-seater Cessna. About the same time, the same colleague who earlier told me about the plane hitting one tower announced to whomever happened to be listening that another plane had just crashed into the other tower. I remember at that point just sitting down in a state of slack-jawed disbelief, with the feeling of all my blood rushing to my head, and thinking: This is Pearl Harbor. 

Somewhere in the midst of all this it was also announced that we all needed to attend a very important meeting at 10 AM with the client's management team. We spent the time until then doing the same thing as everyone else around us, i.e., scouring news web sites to try to find out what was going on. Somewhere in there it was reported that a plane had now crashed into the Pentagon as well. A little before 10 we all trooped off to our client meeting.

As the meeting was getting started, someone stuck his head in the room and announced that one of the WTC towers had collapsed. The meeting itself was a relatively short one. The gist of it was that the bank had had a relationship with XYZ Corp., and XYZ was no more. Nobody in the bank knew anything about this company "Phoenix", and certainly nobody from the bank had asked anyone from this unknown company to come on site, ergo our group had no reason to be there and we were to vacate the premises immediately. On the way out of the meeting room I paused to take in some news updates on one of the TV sets that had now been set up in various places in the office and learned that the other WTC tower had also just collapsed.

Ultimately, the work would resume, since Phoenix had in fact legally taken ownership of all of XYZ's client relationships and contracts, and the project would be brought to a successful conclusion. But for now, we just had to pack up and clear out. The immediate problem I had was that I had gotten a ride there with my one colleague, who had disappeared pretty much right after we arrived, and I hadn't seen him since, nor was he answering his cell phone. So I ended up sitting on a bench outside the office building for the next couple of hours until he eventually turned up and we drove home listening to the radio and trying to make sense of the events of the morning.

I arrived home to begin what would be days of shock, confusion, speculation, rumor-mongering and marathon CNN viewing. The sudden and unexpected demise of the bank project left me without much to do, but nobody was really doing much work anyway in those first few days after the attacks. A lot of people from our office had been traveling to client sites all over the country and were now stranded as a result of air traffic being suspended for the next several days, so the focus of company management was mainly on how to get everyone back home somehow.

That first week or so after the attacks was a very strange interlude. What I remember most of all was that it was just very quiet. Air traffic had come to a standstill, and so the accustomed periodic sound of planes heading to or from Boston Logan Airport, which is around 10–15 miles from my house, was strangely absent. Traffic of other kinds was also pretty low-key. Everyone was in a state of shock, wandering around in stunned silence, infused with a sort of undifferentiated dread about what might happen next. There was mass paranoia about vague, unconfirmed reports of plots to poison reservoirs or spray nerve gas over population centers from crop-dusting planes. The general mood was that we were all just waiting for the other shoe to drop, with no real idea about when or where or how that might happen.

The silence was initially broken for me by groups of people standing on various street corners around town waving signs that said things like, "Honk if you love America!" and cars honking back in response. I sort of understood the thinking and sort of didn't. Was this  the best we could come up with in the way of a response?

I of course wondered what this meant for me personally. Were we going to war? If so, with whom? If we've just relived Pearl Harbor, is the right thing to do to enlist in some branch of the military? That latter thought came and went quickly, considering that at that point I was already 40 years old, but it was there nonetheless. If I'm a citizen of this country, and this country is under attack, am I not obligated to do my part in some active way?

What I did expect to happen was to see my taxes raised to pay for whatever response was going to be undertaken. I hardly consider myself to be a hawk with regard to military matters, but I fully expected that part of the response to this event was going to be to rain down death and destruction on its authors, and I did not have a problem with that. And I emphasize: part of the response—more on that later. But I assumed that I and everyone else would  be asked to sacrifice in one way or another in order to support what was going to come next. 

Remember, this was only a couple of years after Tom Brokaw's book, "The Greatest Generation", had been published. You may not have read the book, but at the time, all the media coverage would have ensured that you nonetheless would have been familiar with its theme: a celebration of the generation that endured the hardships of the Great Depression and then went on to endure the additional hardships of fighting and winning World War Two, a time in which every citizen was called upon to live with rationing of food and strategic materials, to scrimp and save and recycle, to pay his income taxes and the special Victory Tax and buy War Bonds to help finance the war effort, to supplement the food supply by planting victory gardens, and so on.




Donald Did His Part

I was of course asked to do no such thing. On the contrary, my president told me to go out and spend. He wanted me to "[g]et on board. Do your business around the country. Fly and enjoy America’s great destination spots. Get down to Disney World in Florida. Take your families and enjoy life, the way we want it to be enjoyed." Instead of asking me to chip in a few bucks more to help fund the war in Afghanistan, and the one he had just started in Iraq, in 2003 he actually cut my taxes. My president didn't want me to sacrifice a thing. On the contrary, he wanted me to live my life as if absolutely nothing had changed. I know I'm not the first to make this point, but that doesn't make it any less valid: what a missed opportunity. In the wake of 9/11, Americans were ready to do whatever needed to be done, to contribute and to sacrifice whatever it would take to ensure such a thing would not go unanswered. But the leaders of our country just said, "Thanks all the same, but that really won't be necessary. Maybe you should take a nice vacation instead."

The other missed opportunity: the chance for maybe fifteen minutes of introspection. I in no way wish to excuse or apologize for the cold-blooded murder of thousands of people in the service of a political cause infused with a heavy dose of religious extremism. But when the president of the USA boiled the genesis of this event down to this: "Americans are asking 'Why do they hate us?'… They hate our freedoms.", he hardly did the citizens of his country a service. Sure, I  realize that from a rhetorical standpoint, a speech given a week and a half after the event was probably not the right time to say, "guys, maybe some part of this was our own fault." But there could have been a policy response that at least implicitly recognized this principle. We could have asked ourselves what these guys were so angry about that they would do such a thing, and whether we should at least consider what implications that might hold for how we comport ourselves. What did we get instead? A misguided effort to try and reshape the Middle East by force, framed in idealistic language but smelling suspiciously of an obsession with settling old scores, executed in breathtaking ignorance of the history and the political and ethnic dynamics of the region and leaving a legacy that I suspect we will all still be chewing on for many years to come.

More than a decade later, I'm reminded of all this more often than I would like to be. For the last nine months or so, every two to three weeks I find myself in the offices of a current client in Jersey City, NJ, which are situated right on the banks of the Hudson River, directly across the river from the World Trade Center site in lower Manhattan. Right outside the building is a monument consisting of a twisted hunk of steel from one of the World Trade Center towers. In the background, across the Hudson, I see the slowly rising frame of the new Freedom Tower, which in the course of various visits to NYC over the years I have watched grow from a muddy hole in the ground to its present state, in which it appears to have reached something approaching its planned final height of 1,776 feet. I think about the horrible spectacle for which the people in that building must have had a front-row seat on that day some eleven-plus years ago. I wonder what it will be like, when that new building has itself been standing complete for a decade or more, to convey to the generation looking up at it what it was like on that day in September of 2001.


What Was, What Is, What Will Be
So now I've veered way off course from my original story about how I found an old newspaper and what I found in it. I guess I'll tell you about that some other time.

Friday, November 2, 2012

What Was, What Is, What Will Be—Part One

I was cleaning out my shed recently, going through piles of things that have been pushed from one corner to the other for years, until I finally got tired of tripping over them. I wasn't conscious of how long some of that stuff had been piling up until I started emptying out a box full of odds and ends and found a copy of the Boston Globe from August 22, 2001, before I even lived in my current house. I imagine this box came from some obscure corner of the garage in the old house and got tossed into the moving van at the last minute, then was tossed into some equally obscure corner of the new house and just sort of shifted around over the years without anyone ever looking to see what's in it. I'm bad about that sort of thing. I'm not a hoarder, but I am kind of an accumulator.

That paper looked like it had never even been read, curiously enough. The edges were a bit ragged, like they had been gradually harvested by mice for nesting material, but all of the sections were still there, just as they had been delivered over a decade ago.

I enjoy looking at old newspapers, seeing what the important stories of the day were years ago, thinking about what was happening in my own life at the time. This one from late August 2001 was an interesting find for a lot of reasons. It represented a time of major changes for me personally, and imminent changes for the country as a whole. Glancing at the date on that front page, I found myself immediately lost in contemplation of the events that had transpired in the year leading up to the date of that paper.

In August of 2000, I returned to the US after more than a decade living the expatriate life in Germany, along with My Favorite Wife and two young kids. It was the height of the dot-com boom and I was taking a job with an Internet consulting company in Boston. I'll call it XYZ Corp. XYZ provided soup-to-nuts Internet strategy and technology consulting. They had a whole list of top-tier Fortune 500 clients as well as a bunch of fairly well-known dot-coms, and a huge wad of venture capital funding, and it looked like a pretty reasonable proposition at the time I signed on. They offered me a decent salary, plus a relocation allowance that more than covered the cost of moving my family and all of our accumulated stuff across the Atlantic.

From the first day I was at XYZ though, I began having second thoughts. I had interesting projects with good clients. I had colleagues whom I found to be extremely creative and competent in their respective areas, whether it was visual design, technology implementation, business strategy development or whatever. But at the same time, I couldn't help but notice that there didn't seem to be any grown-ups in charge of all these smart and capable people.

Not to blow my own horn too loudly, but at the time I joined XYZ I had undergraduate and graduate business degrees and twelve years of pretty solid work experience under my belt, a third of it in a Big Eight consultancy (back in ancient times when there was such a thing…) and the rest in an international bank. I had run a department of 12–15 people and managed million-dollar budgets and project teams that were distributed across the globe. I had connections with peers in major corporations throughout the country and the world. I had to develop budgets and manage to them, hire and motivate staff and interact with people at fairly high levels of the company. I don't think I was even conscious of how much business experience I had accumulated until I worked at XYZ and observed how the company was being run.

To me, it looked our management was engaged in some kind of race to the bottom, in which the objective was to see who could shovel the most cash out the window before it all ran out. Crazy amounts of money were spent on stocking the kitchens on every floor of every building, from which employees could help themselves to unlimited quantities of cereal, soft drinks, cookies and other treats. There were pool tables and foosball tables and other toys. People who had been with the company for half a year had piles of company-branded clothing and trinkets. Food was ordered in for every lunch meeting, of which there were plenty. The building I worked in, which had been remodeled from industrial space at a cost of millions of dollars, was home to hundreds of office chairs, none of which had cost less than around $800. People flew at the drop of a hat all over the country for pointless meetings, staying in the finest hotels and eating in classy restaurants. Nobody seemed to notice that projects were staffed with way more people than could have possibly been profitable. Nobody seemed to know or care what a budget was. Clearly this was going to end in tears.

That's not to say that XYZ was necessarily run substantially differently than a lot of the "hot" companies of the time. I never really accepted the concept that seemed to be prevalent at some of the major dot-coms, namely, that giving things away is somehow a promising business model. I kept hearing phrases like, "It's about the eyeballs, man!", meaning that people looking at your web page would somehow translate into a large and constant stream of cash into your pocket, through some magic that nobody ever really satisfactorily explained to me. The epitome of this kind of thinking for me was a company called Kozmo.com that operated in some larger US cities, from which you could order things like CDs or snacks and they would deliver it to you for free; I didn't see how a service that would cart a pack of gum halfway across New York City for free could possibly be making money, unless maybe they were charging you $10 for that pack of gum that was making its way to your door without any delivery charge. Hearing about this crazy scheme left me scratching my head and thinking that maybe the Internet joyride was approaching some kind of climax.

Of course, there was plenty of funny business going on throughout the economy back then; it wasn't confined to dot-com start-ups. I remember one meeting we had with representatives of Enron who were trying to sell some new technology service to one of our clients. I subsequently advised our client that what the Enron guys were peddling looked to me like some very expensive vaporware that could not possibly deliver the level of service they claimed it would, given the underlying technical infrastructure they described to me. Little did I know at the time that this was not some anomaly, but rather the way the whole company worked. It was not long after that that Enron spectacularly imploded.

It was fun while it lasted!

So end in tears it did. The first tears came in the spring of 2001, when a number of my coworkers came in one day to be met by security guards who stood over them while they packed up their personal stuff in a waiting cardboard box and then escorted them out the door, never to return. Following the exit of our now unwanted colleagues there was a company-wide meeting in which one of the company founders announced to the remainder of the now somewhat disoriented staff that we had to do an unavoidable "reduction in force" (RIF) in order to get leaner and be competitive, but the rest of us had nothing to worry about; we had been suffering a bit from the loss of clientele from the dot-com sector, but we still had lots of big projects with major clients from more traditional industries and this would shield us from the recent "downturn in the market", and so forth and so on blah blah blah. Later that day the same guy came to chat with the project team I was working with and asked a few of us if we wanted to join him in XYZ's VIP box in what was then the Fleet Center to watch the Bruins play hockey. I politely declined, thinking there is clearly a problem of priorities here and I don't really care to be part of that. I was reminded of the old saying that a fish stinks from the head down.

I think there were six or seven RIFs (or mass firings, as I preferred to call them) that followed in the ensuing months. The second one was somewhat less traumatic than the first, though not by much. By the fourth or fifth one a combination of resignation and gallows humor was the order of the day, and nobody seemed particularly surprised to come to work one day to learn that his number was finally up. People just sent a last farewell email with their private contact info, gathered up a few things and left. By then the company had long since dispensed with the whole security guard thing.

The first people to go were mostly the younger ones with the prominently displayed, ridiculously elaborate tattoos and the geek-as-fashion-icon horn-rimmed glasses. One could feel the median age and experience level of the company drifting steadily upward as the hipness quotient declined somewhat. But even if you were one of the older and more experienced consultants, if your latest project came to an end and you didn't have a new one to start on, i.e., you were "on the bench" in consultant-speak, the chance that you would be out the door fairly soon was high.

I would like to think that it was due to the indispensable quality of my own skills and experience, although I'm sure sheer dumb luck played a major role as well, but for whatever reason I somehow managed to hang on until the bitter end. That came when XYZ finally threw in the towel and declared bankruptcy in August of 2011. Even then I was actively engaged on a project for one of our remaining clients. It was entirely unclear what was going to happen next. I probably never got around to reading that August 22, 2001 edition of the Globe because I just had other things on my mind at the time, one of them being the fact that as my one year anniversary at XYZ approached, it was clear that there was not going to be a two-year anniversary.

But just like in the movies, when it looked like the situation had reached its most desperate, help arrived to save us. In this case the movie was Seven Samurai. Or more like Seven Sararimen, I guess.


We have come to save your company.

Let me explain. At some point senior XYZ management must have realized that if they were going to keep the party going, they were going to have to find some new dupes investors. Somehow they managed to get a major Japanese industrial company (I'll call them J Corp.) to take a minority stake in XYZ to the tune of an eight-figure investment. As XYZ went belly-up, J Corp. bought out the remaining assets of XYZ and founded a new, wholly owned subsidiary which I shall call Phoenix (because it rose from the ashes of XYZ… get it? Clever, huh?). So along with a little more than a hundred of what had been 800 employees in XYZ's Boston office at the time I joined, now I was a happy, or at least relieved, employee of Phoenix.

To be continued (whenever I get around to it)…