- May 14, 2000
Fortune has published an interesting article on Dot-com
headhunters and the challenge of companies to gain top candidates
without paying an arm and a leg. The article, which tracks
a real-life situation, begins:
" Headhunters, venture
capitalists, dot-coms--even your customers and friends--are
coming after you. What do they want? Nothing less than
your brain. And they'll do anything to get it.
Max Michaels is getting annoyed.
For the past half-hour, the 36-year-old co-founder and
CEO of KnowledgeCube, a ten-month-old startup, has been
trying to persuade a young banker to come to work for him.
Michaels loves the guy's resume: Harvard Business School
and a stint as associate at a major Wall Street firm before
taking his current position at a boutique investment bank.
This is their second meeting, and Michaels is doing all
he can to pull him in. But the kid keeps throwing this
unreal number at him.
Michaels tells the banker about
the generous salary he could expect at KnowledgeCube and
the stock options that would make him fabulously wealthy.
The handsome young banker leans forward, resting his perfectly
chiseled chin on his clasped hands. He nods politely. Then
he reminds Michaels that he is making more than $500,000
a year. He won't come to KnowledgeCube for less..."
here for the full feature article. [Link no longer active]
to May 2000 News Archive