One of the great things about American business culture is that it allows people a chance at reinvention. White-collar workers unhappy in their careers often go back to school and change professions. Entrepreneurs that bet on risky ventures and lose are encouraged to try again, having learnt from their mistakes. Ousted corporate executives can bid their companies adieu, then go on to be successful elsewhere, or even come back to their original firms having earned greater respect. Its possible to start anew, as John Bucksbaum, former CEO of mall REIT General Growth Properties (GGP), learned in the past four years.
read more