RRJ#1

Salman Saad AlQarni
EAP C
RRJ
Mar 29, 2011
Lecturer:Mr. levert


Reference

Lynn, M. (2010, Nov). The Rich are Meaner. Bloomberg Markets PP. 44





Summary

In the article, the writer talks about the rich people are starting to be much meaner now than the last ten years. Moreover he shows us what the biggest banks managers said and agreed about it, however the writer adds some studies from some universities to prove or to support his main idea ,also the writer shows us some of the rich people asked for hard or unreasonable requests like what Mr. Gerard Aquilina said that they wanted some concert tickets or other strange requests. Yet he shows some of the private banking mangers made them to be like that by making them feel they are rich because they are so smart, and they are different from other people. Also the improvement of the financial market made the rich people more valuable to the financial companies that are trying to have the rich people’s big accounts in their companies.

Reaction
I really enjoyed this article for many reasons; first I used to work at bank for two years, so I saw what the bankers in privet banking do to make the rich people or consumer happy. Also to fulfill anything they ask for to make sure that they will never take their money to anther bank. .however in my opinion some of the rich people who made his money from the first cent he have the right to be mean because the hard time he have been Through when he was poor ,yet this is in my opinion . Moreover this problem caused by the banker them self by spoiling them with doing anything they wants ,and never said no to them .I didn’t know the big Similarity between the Saudi banks and the US banks in many ways like the role of never say no to the rich people ,therefore made them meaner than before . on the other hand not all rich people like that ,from
my experience I saw some great rich people were very good with us .in the end, I think I will use this article in my career to improve the ways to deal with them ,also I will try to find anthor ways to make the rich people put their money in my company.