HBS 10th Year Reunion: Section J, Reflections and Predictions

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Reunions are a time to reflect on what has happened and what is to come. Here are my own thoughts on what we've all lived through and if its any indication of what's to come...WOW!

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HBS 10th Year Reunion: Section J, Reflections and Predictions

  1. 1. HBS 10th Year Reunion Section J Dinner: Reflections and Predictions May 29th, 2009
  2. 2. Looking Back: Reflections on a Decade 2
  3. 3. 1999 The Greatest Section in HBS History graduates from HBS - - Section J! 3
  4. 4. 1999 The Internet becomes the hottest thing since Dutch Tulips Internet Startups  raise $24 billion dollars Any MBA with a  dot com plan can get VC! Pets.com goes  public, but liquidates 9 months later! 4
  5. 5. 1999 The Stock Market reaches a level of optimism that infects the HBS Class of 1999 DJ reaches  11K+!!! The Bear dies  5
  6. 6. 1999 Parents awake to the harsh reality that their children aren’t safe anywhere – even in school Columbine High  School Massacre occurs when 2 students go on a rampage and kill 13 people Sadly, this trend  continues… 6
  7. 7. 1999 Vladimir Putin becomes acting President of Russia and Prime Minister with the resignation of Boris Yeltsin Putin ushers in a period of unprecedented growth for Russia and increasing tension with the West 7
  8. 8. 2000 The Bush Administration begins and continues for the next eight years History will judge  his presidency 8
  9. 9. 2000 Reality TV becomes mainstream and the end of civilization begins Nine years later Donald Trump files to trademark “You’re Fired!” Its clear the END is Near! 9
  10. 10. 2000 Y2K? The world  doesn’t end, but Microsoft sells a sh*tload of software 10
  11. 11. 2000 Despite prayers, the Messiah doesn’t arrive either Optimism springs anew as we enter the 21st Century NASDAQ hits 4K! 11
  12. 12. 2001 The U.S.A. is attacked on its soil for the first time since Pearl Harbor Terrorist group,  Al Queda, attacks the Twin Towers on 9/11 U.S. foreign  policy is never the same again 12
  13. 13. 2001 13
  14. 14. 2001 Market implodes Dot com bubble  bursts as majority of Internet companies are proven to be built on Jell-o NASDAQ slides  to 1.4K 14
  15. 15. 2001 Enron declares bankruptcy and Arthur Andersen is not far behind Largest  bankruptcy at the time in U.S. history… later to be outdone! 15
  16. 16. 2002 Arthur Andersen found guilty and ceases to exist Ushers in the  Sarbanes-Oxley and CEO/CFO personal liability for financial statements 16
  17. 17. 2002 Building blocks of life discovered on Mars… Can E.T. be far behind? 17
  18. 18. 2003 Human Genome Project completed 99% of Human  Genome sequenced to 99.99% accuracy 18
  19. 19. 2003 Desert Storm II: Invasion of Iraq U.S. and its  allies invade Iraq and declare victory less than 2 months later Depends on what your definition of “is” is? 19
  20. 20. 2003 An actor becomes governor of the 8th largest economy in the world in a recall election Arnie becomes  governor of Kalifornia! Unfortunately, he isn’t available for T-3 so the movie basically sucks! 20
  21. 21. 2004 Google goes public @ $85.00/share proving once and for all that the auction is the best IPO mechanism NOT! 21
  22. 22. 2004 Bush 2.0 Bush enters his  second term after reaching 90% approval rating in this first term – the highest ever reached by a re-elected president 22
  23. 23. 2005 Web Grows WEB 1.0 Up! WEB 2.0 23
  24. 24. 2005 Web 2.0 Social media!!  24
  25. 25. 2006 25
  26. 26. 2007 U.S. dominance begins to wane China passes  the U.S. in total Internet users Shanghai  becomes the largest stock market in the world by volume 26
  27. 27. 2008 For the first time  in its nations’ history, the U.S. President is not a Caucasian male Barack Obama  inherits one of the worst economic situations facing the U.S.A. since the Great Depression 27
  28. 28. 2008 China  demonstrates its emergence as a world power by staging one of the most watched performances in human history Over 4 billion  people watch the opening ceremonies of the Beijing Olympics 28
  29. 29. 2008 Financial markets on the verge of near-collapse World markets  drop in one of the largest single drops in history Barely dodge  financial armageddon 29
  30. 30. 2008 Financial institutions in the U.S. rocked to their core Major U.S.  investment banks partially nationalized Merrill Lynch,  Bear Stearns, Lehman Brothers, Wachovia, WaMu cease existence 30
  31. 31. 2008 Bernie Madoff commits the largest financial fraud in history Bilks investors  out of $50 billion in a classic Ponzi scheme 31
  32. 32. 2009 U.S. government nationalizes major industries including Wall Street and the auto industry U.S. becomes  the piggybank for the world 32
  33. 33. Looking Forward: Predictions 33
  34. 34. Lifetime Predictions? 100% Renewable Energy  Cloning of Self  Digitization of Memories  “Esperanto” or no Lost in Translation  $0 Cost of Data Transmission  Near Zero Privacy  Intelligence = Commodity; Wisdom = Priceless  34
  35. 35. Predictions? “It’s tough to make predictions, especially about the future.” - Yogi Berra 35
  36. 36. What’s Next? 36

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