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560. Is This “the Worst Job in Corporate America” — or Maybe the Best?
Freakonomics Radio
Finding Opportunity in Failure and Gaining Diverse Legal Experience
The collapse of Penn Square led to the federal government taking over Continental Illinois. Despite the negative impact on the law firm he wanted to work for, Ray chose to join them because he saw opportunity in their adversity. He believed that failure breeds opportunity and that underdogs work harder and are more willing to change. This understanding guided his decision to join Waste Management, where he gained broad legal experience by handling a wide range of legal issues, from adultery to zoning.
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