Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
The Cows Of Gstaad
After IEF2009, the lovely Terri & I mosey up to Gstaad for lunch. Sitting in the sunshine outside a restaurant in the main street with a bottle of local Vaudois Pinot Noir-Gamay, we hear bells. Low, slow, mellow bells.
Around the corner come honey-coloured Charolais cows with tiaras of flowers on their heads and the most enormous bells hung from wide collars around their necks. Alongside them, with spring-heeled jauntiness, herdsmen beamed with pride.
I wondered, in a Pinot-induced kind of way, whether the wretched, rotten bankers of UBS ever got the same pleasure from selling a collateral debt obligation, or arranging a credit default swap, as these herdsmen got from showing off their lovely cows.
All is not lost. Many former UBS bankers have the opportunity to re-train for new careers in the pastures of the Bernese Oberland.
Maybe life will improve for them.Tags: charolais cows, collateral debt obligation, lunch, sunshine, train