Update on banking meltdown

My previous post sets the scene.
My spies tell me that there was an interesting thread on GDP-UK yesterday which included some speculation as to whether Hurricane Lehman would affect the ability of IDH to continue its growth or succeed.
Had a great chat with David Hudaly on the phone early this morning.
He suggests that the general consensus from Merrill Lynch is that being bought out by a bank who have a balance sheet three times larger than your own is a pretty good strategy in the current market.
Bank of America/Merrill Lynch will be the largest bank in the world by asset value when the deal is completed – and the whole arrangement has the blessing of the Fed.
David was in the offices of Merrill Lynch yesterday as the news broke and Merrill’s CEO John Thain conducted a global video broadcast to say “business as usual”.
So the soothsayers and prophets can all move on to discuss something else – why all associates are hopeless, why you can’t get any decent staff, why the new contract isn’t working, why botox is a black art, why we are all doomed.
At IDH its just another day and the Private Sector Division will still be the most exciting opportunity in dentistry next year.


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Chris Barrow

Chris Barrow has been active as a consultant, trainer and coach to the UK dental profession for over 20 years. As a writer, his blog enjoys a strong following and he is a regular contributor to the dental press. Naturally direct, assertive and determined, he has the ability to reach conclusions quickly, as well as the sharp reflexes and lightness of touch to innovate, change tack and push boundaries. In 2014 he appeared as a “castaway” in the first season of the popular reality TV show “The Island with Bear Grylls”. His main professional focus is as Coach Barrow, providing coaching and mentorship to independent dentistry.