Drug Dealers: Experts in Recessionary Business

CEOs could learn a lot from hustlers
By Nick McMaster,  Newser Staff
Posted Sep 21, 2009 5:26 PM CDT
Drug Dealers: Experts in Recessionary Business
Brazil's federal police officers show drugs seized during anti-drug operations, in Rio de Janeiro, Friday, June 26, 2009.   (AP Photo/Silvia Izquierdo)

50 Cent is the first rapper to pen a book of management advice. It’s a shame, then, that The 50th Law, co-written by Robert Greene, boils down to the worst kind of “be authentic” self-help boilerplate, writes Lucy Lucy Kellaway for the Financial Times. As a former drug dealer, 50 has a lot to offer managers, especially in a recession.

Dealers are good models for doing business in a credit crunch because “they live permanently in a world of zero credit,” Kellaway writes. Cost-cutting CEOs must detach themselves from employees whose jobs are in peril, just as hustlers must disregard customers' welfare. One difference: "In an emergency a drug dealer must be able to pop his product in his mouth and swallow it at a moment’s notice—whereas the CEO seldom finds call for such extreme action."
(Read more drug dealer stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.