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Quote from nononsense:
prt,
One grave danger for companies heavily depending on IT for running their business is that top management might allow itself to be put in a situation where nobody upstairs still has a clear grasp of the vital IT technology issues involved - I don't say that this is the case at IB right now.
In such situation, top management have effectively put low ranking hackers into the driver's seat. They really - often unwittingly - abandoned control of the company at the mercy of a bunch of corporate-know-nothings. The only thing that remains is praying for the best.
You remember those jokes of some years ago about the surest way to wreck a company? (1) incompetence (slowest); (2) women (most pleasant); (3) computers (quickest).
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nonsense, you make a good point but I want to assure others that this is not the case at IB. There has been a lot of press on our firm of late and if you've been reading any of it you would have noted that our chairman started out as a programmer and was the first to bring computers to the trading floor - (i'm talking 1980). Over the years languages have evolved and our firm has adjusted. Any of you remember Cobal and Forth? At this point in time, the java front end makes most sense. who knows about tomorrow.
