Unit2商务英语综合教程

1、About the author Elizabeth Stoeber: the Wall-Street woman facing a fork in the road Morgan Stanley Beverly Hills Lehman Brothers Goldman Sachs South Orange, New Jersey,About the author,Jenny Anderson is a New York Times reporter who spent years covering Wall Street and won a Gerald Loeb Award for he

2、r coverage of Merrill Lynch (美林证券). She currently writes about education and lives with her husband and two daughters in Manhattan.,Elizabeth Stoeber: the Wall-Street woman facing a fork in the road,Elizabeth Stoeber of South Orange, N.J., left Wall Street in 2001 but now wants to return. With her a

3、re her sons, Karsten, 7, and Johannes, 2.,Morgan Stanley,A global financial services firm and a market leader headquartered in New York City providing services to a diversified group of corporations, governments, financial institutions, and individuals in areas of securities, asset management and cr

4、edit services.,Beverly Hills,Beverly Hills is a city in Los Angeles County, California, United States. It is home to numerous Hollywood celebrities. Beverly Hills and the neighboring city of West Hollywood are together entirely surrounded by the city of Los Angeles.,Lehman Brothers,It was a global f

5、inancial services firm. Before declaring bankruptcy in 2008, Lehman was the fourth largest investment bank in the U.S. (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch).,Goldman Sachs (高盛集团),It is an American multinational bulge bracket investment banking and securities firm that engages in

6、global investment banking, securities, investment management, and other financial services primarily with institutional clients. It was founded in 1869 and is headquartered in the Lower Manhattan area of New York City, with additional offices in major international financial centers.,South Orange, N

7、ew Jersey,A suburban municipality in the New York Metropolitan Area (also known as Metropolitan New York, Greater New York, or the Tri-State area, the most populous metropolitan area in the U.S.) located in Essex County, New Jersey, U.S.,Work-life Balance Jenny Anderson,In the spring of 2000, Elizab

8、eth Stoeber, an ambitious 32-year-old investment banker at Morgan Stanley, flew to California to visit a client in the throes of a multibillion-dollar stock deal. The technology boom was under way, and Ms. Stoeber was on a roll; she was working on a high-profile deal in a profession she adored. With

9、 her in first class was her 9-month-old son; in coach sat her German nanny.,By Ms. Stoebers account, it was an ideal time. During the day, she visited investors; at night, she used a company car to cruise around Beverly Hills with her son. “I thought I was making it work,” Ms. Stoeber, now 39, recal

10、ls. She had a successful career in the cut-throat, male-dominated world of banking, a happy family, a good marriage and a supportive boss. Within a year, things had fallen out of balance. Resenting handing her sons childhood over to nannies, she accepted a job as chief operating officer within Morga

11、n Stanleys media banking group, an administrative post that allowed her to work part time.,That plan fizzled. “Off” days ended up as afternoons in the park doing business on her cellphone while her son begged her to play. When the tech bubble burst in 2000, Morgan Stanley cut her job. To stay, she w

12、ould have had to reconsider full-time work. Yet three days a week was already a struggle. In 2001, Ms. Stoeber left Wall Street. Since then, she has started a consulting firm and now works for a boutique investment bank. “I was absolutely determined to stay professionally attractive,” she said.,Now

13、she wants to rejoin bankings major leagues. And her timing should be perfect: Wall Street says it is looking at women like Ms. Stoeber with new interest, hoping to rehire those who left for personal reasons while continuing to woo new female recruits. But getting back on track on Wall Street has pro

14、ven more difficult than Ms. Stoeber, or the banks seeking her services, might have imagined. Although banks are doing much more than paying lip service to the notion of retaining women or enticing them back to work, executives say long-term success means fundamentally changing the way Wall Street wo

15、rks. Women remain the minority sex on the Street and many young recruits say they have grown more circumspect about a career there.,The Street says it wants to change all of this, not simply because it is socially expedient but because the financial world needs a diverse work force to make money and

16、 court clients especially when clients themselves are not homogeneous. “You cant build a great company without great people, and great people are not just white, straight men aged 25 to 40,” said Joe Gregory, president of Lehman Brothers. Womens aversion to intersecting with Wall Street appears to b

17、e mounting. Bank executives say fewer female M.B.A.s are choosing careers on the Street, and the banks also say they have had limited success stanching the flow of women who leave midcareer. Of course, not all women leave to raise a family. Some elect to care for parents who are aging or ill; others

18、 seek alternative careers with more manageable hours.,Investment banks and brokerage firms typically lose women when they are in their 30s, executives say. Expected to ramp up to reach coveted managing director jobs, many women feel that midlevel jobs offer them little while demanding a lot. Pulled

19、to have children and pushed by a less-than-rewarding workplace and often uninspired midlevel management, they leave. For their part, female financiers have become more aggressive about demanding fulfilling careers and family lives, and they say they are willing to walk away from firms that fail to m

20、eet those needs. And like Ms. Stoeber, some of them want to return to the Street. Sitting in her comfortable home in South Orange, N.J., Ms. Stoeber, blonde and blue-eyed, reminisces about investment banking with all the lan and nostalgia of an athlete recalling Olympic victories.,She proudly trots

21、out two awards bankers win for successful deals and displays them on her coffee table as she explains her days on the Street. “I loved my job, being around these incredibly intelligent people, the incredible level of responsibility. It was a real privilege,” she recalls. “It was all-encompassing.” A

22、nd after seven years of marriage, she and her husband were contemplating having children. “I had this little voice that kept saying, If you dont have children, you will always regret it, ” she said. “I worked for the most incredible firms and with some of the best minds in finance, but the voice was

23、 getting louder.” A headhunter invited her to interview at Morgan Stanley for an investment-banking job. She liked the team and could travel less while working on big deals. She took the job. Five months later, she was pregnant, which she said delighted her colleagues.,“It was such an exciting time

24、in the markets and everyone was excited for me,” she said. “I felt I became a real person in the senior bankers eyes, a more substantial person. I wasnt part of the sea of single people marching through.” Ms. Stoeber traveled throughout her pregnancy, including a trip to Germany in her final trimest

25、er when her ankles were so swollen she had to waddle to the baggage claim. It never crossed her mind to stop working. But then her children grew older, she became uncomfortably reliant on her nannies, and her priorities shifted. Today, Ms. Stoeber hopes that banks are serious about recruiting women

26、like her. But, for all of Wall Streets best intentions when it comes to recruiting women, the structure of the business often appears to drive the sexual diversity of its work force.,While many women look to flexible schedules and part-time work to overcome Wall Streets grind, those ideas do not oft

27、en meld well with around-the-clock client service. Women are not the only ones seeking balance. Students and executives say that men the bedrock of the Streets work force are also increasingly shunning 80-hour workweeks, even if they love and are devoted to banking careers. Speaking to Harvard Busin

28、ess Schools graduating class this spring, Henry M. Paulson Jr., then the chief executive of Goldman Sachs and now the Treasury secretary, asserted that work-life balance should be an important element in every individuals life. It remains to be seen if the banks will succeed in finding ways to integ

29、rate women like Ms. Stoeber, whose enthusiasm and patience derive from her uniquely positive experience on the Street.,For the armies of women who faced discrimination, overt or discreet, Wall Street has already lost the battle. Finding a place for even Ms. Stoeber has proved challenging. She and on

30、e of her partners at Tobin Advisors, the North Carolina investment banking boutique where she now works, have proposed an arrangement to a number of banks that reflects the kind of flexibility that banks say they embrace: she and her partner will share a full-time job at a bank and then split their

31、responsibilities. So far, no banks have accepted her proposal. “Firms say they love it, but its hard for them to say, Well do it, ” she said. “They say, We have a full-time job. ” Many banks have arrangements similar to the one Ms. Stoeber is proposing, but they grant them to senior female executive

32、s usually managing directors who have the tenure,clients and revenue to justify special treatment. And Ms. Stoeber is aware that she is not in that category. Early one recent afternoon in South Orange, Ms. Stoebers nanny returned home with her son, who eagerly showed off his Lex Luthor cards. She ga

33、ve him a hug and checked to see if he had remembered to bring his backpack home from camp. When he left, she continued to talk about her choices in life. She savored details about her two kids, the rewards of banking, and the split personality she sometimes feels working part time as she shifts from

34、 the sandbox to the boardroom. She said she was happy with her priorities. “The travel, the places Ive been, the people Ive worked with I wouldnt trade it for anything,” she said. “The only question is whether I can have it again.”,The technology boom was under way, and Ms. Stoeber was on a roll; sh

35、e was working on a high-profile deal in a profession she adored.,Explain the sentence based on your own understanding.,The sudden increase in technology had started, and Ms. Stoeber was experiencing a period of success at her career as an investment banker. She loved her profession very much and she

36、 was working on a deal which attracts a lot of public attention.,Although banks are doing much more than paying lip service to the notion of retaining women or enticing them back to work, executives say long-term success means fundamentally changing the way Wall Street works.,Explain the sentence ba

37、sed on your own understanding.,Banks are not just saying that they want to keep female employees and persuade them to come back to work without any actual support, but it is really difficult for them to put this idea into practice. The high management say that Wall Street has to change its way of wo

38、rk essentially so as to achieve long-term success.,Expected to ramp up to reach coveted managing director jobs, many women feel that midlevel jobs offer them little while demanding a lot.,Explain the sentence based on your own understanding.,Women in midlevel jobs are often expected to do better and

39、 better so as to reach the managing director positions wanted by many. This is a very demanding task, requiring a lot of time and energy, while they can gain very little from these jobs.,Sitting in her comfortable home in South Orange, N.J., Ms. Stoeber, blonde and blue-eyed, reminisces about invest

40、ment banking with all the lan and nostalgia of an athlete recalling Olympic victories.,Explain the sentence based on your own understanding.,Ms. Stoeber, blonde and blue-eyed, now sitting in her comfortable home in South Orange, N.J., talks about her happy time when she worked as an investment banke

41、r with all the enthusiasm and affection for the past, just like an athlete recalling her victories in the Olympic game.,For the armies of women who faced discrimination, overt or discreet, Wall Street has already lost the battle.,Explain the sentence based on your own understanding.,A large number o

42、f women are refused by Wall Street due to the unfair treatment of women, whether in an open or more careful way. This is actually a great loss for Wall Street itself.,She savored details about her two kids, the rewards of banking, and the split personality she sometimes feels working part time as sh

43、e shifts from the sandbox to the boardroom. She said she was happy with her priorities.,Explain the sentence based on your own understanding.,She enjoyed both her family life and her career: the details about her two kids, the rewards of banking, and the different roles she played on different occas

44、ions. When working part time, she sometimes felt that she had split personality, because she had to change the role as a mother playing with her children to the role as an investment banker attending meetings at board level.,throes: n. pl. violent pains, especially at the moment of death,e.g.,The cr

45、eature went into its death throes.,in the throes of sth/of doing sth: in the middle of an activity, especially a difficult or complicated one; experiencing or doing sth which is difficult, unpleasant or painful,e.g.,The country was in the throes of revolutionary change.,be on a roll: (infml) to be e

46、xperiencing a period of success at what you are doing,e.g.,They were on a roll, winning nine games in a row.,e.g.,With a growing economy and a dropping crime rate, the city has been on a roll.,high-profile: usu. before noun receiving or involving a lot of attention and discussion on television, in n

47、ewspapers,Ant.,low-profile,e.g.,Some high-profile artists, such as Lady Gaga, nominated for Grammys, all owe some success to Auto-tune, an audio processor.,fizzle: v. to fail or end feebly especially after a promising start; to gradually become less successful and end in a disappointing way,boutique

48、: n. 1) a small shop/store that sells fashionable clothes or expensive gifts 2) a small company that offers highly specialized services or products,woo: v. 1) to try to get the support of sb,e.g.,Voters are being wooed with promises of lower taxes.,2) to try to achieve or obtain sth,e.g.,woo fame, f

49、ortune, success, etc.,3) (old-fashioned) (of a man) to try to persuade a woman to love him and marry him,paying lip service to: to say that you agree with sth, but do nothing to support it,e.g.,Lip service continues to be paid to resolving regional conflicts, but there is no sense of urgency.,entici

50、ng: a. entice: v. entice sb (into doing sth) to persuade sb/sth to go somewhere or to do sth, usually by offering them sth,e.g.,The promise of higher pay enticed me into the new job.,circumspect: a. (fml) thinking very carefully about sth before doing it, because there may be risks involved,e.g.,Off

51、icials were circumspect about what the talks had achieved.,circumspection: n.,e.g.,This is a very sensitive case requiring extreme circumspection.,expedient: a. not usu. before noun (of an action) useful or necessary for a particular purpose, but not always fair or right,e.g.,The government has clea

52、rly decided that a cut in interest rates would be politically expedient.,expediency: n.,e.g.,He acted from expediency, not from principle.,intersect: v. (of lines, roads, etc.) to meet or cross each other,e.g.,a pattern of intersecting streets.,e.g.,The lines intersect at right angles.,e.g.,The path

53、 intersected with a busy road.,stanch: (also staunch) v. (fml) to stop the flow of sth, esp. blood,e.g.,Mike pressed hard on the wound and staunched the flow of blood.,e.g.,The countrys asylum laws were amended to staunch the flood of economic migrants.,ramp up: to increase the speed, power or cost

54、of sth,e.g.,Producers can quickly ramp up production.,reminisce: v. reminisce (about sth/sb) to think, talk or write about a happy time in your past,e.g.,We spent a happy evening reminiscing about the past.,reminiscent: a.,e.g.,This painting is strongly reminiscent of da Vincis “Annunciation”.,remin

55、iscence: n.,e.g.,The novel contains endless reminiscences of the authors youth.,lan: n. great enthusiasm and energy, style and confidence,e.g.,She dances the role with such lan.,e.g.,The attack was planned and led with great lan.,nostalgia: n. a feeling of sadness mixed with pleasure and affection w

56、hen you think of happy times in the past,e.g.,Hearing that tune again filled him with nostalgia.,nostalgic: a.,e.g.,I get very nostalgic when I watch these old musicals on TV.,e.g.,a nostalgic song, poem, TV serial, etc.,trimester: n. medical a period of three months during the time when a woman is

57、pregnant,meld: v. (fml) melt+weld to combine with sth else; to make sth combine with sth else,e.g.,He melded country music with blues to create rock and roll.,e.g.,The raindrops melded into a sheet of water.,shun: v. to avoid sb/sth,e.g.,She was shunned by her family when she remarried.,e.g.,an acto

58、r who shuns publicity,tenure: n. the period of time when sb holds an important job, esp. a political one; the act of holding an important job.,e.g.,his four-year tenure as President,2) the right to stay permanently in your job, esp. as a teacher at a university,e.g.,Its still extremely difficult to

59、get tenure.,e.g.,She knew that tenure of high political office was beyond her.,savored: n. to enjoy a feeling or an experience thoroughly,e.g.,I wanted to savour every moment.,About the author What exactly makes up a strong family that possesses good family values? Traditional Chinese family values Immigration: Why do people immigrate? Generation gap,Phyllis J. Johnson,Phyllis J. Johnson is Associate Professor in the Department of Sociology, University of British Columbia. Her research emphasizes th