Spongebobs, Parasites & Leeches
Senior Corporate / Investment Pros / Company Owners .. I Hate Its funny how many times investment pros get asked to do a deal on a contingent basis - i.e. only get paid if the deal gets done. I wonder what would our parents think when we tell them that we work on a contingency basis, after they have spent their life time savings sending us to college. What is this mentality, this contingent mentality - it happens way too often in Asia, not so much in First world countries. Our brains do not matter, effort does not matter, only success?? Why the aversion from commitment fee, engagement fee, out of pocket expenses?? You go and try to get some US investment bankers on a contingency deal - they'd laugh at you. Are some people not worth a salary? When you take advantage of people like the situations cited above, you are a parasite and a leech - you suck people dry, you will not share till you've got your share, you will be rich though but not many will cherish your time on earth....