November 2011 – Volume 7, Issue 3 | Eagle Professional Resources Inc.




	Industry News				November 2011 Volume 7, Issue 3


	In October 2011, the world’s economies continue to waver, with the EU now agreeing to another bailout plan for its underperforming members. Employment is still a world problem, but there were some gains in Canada, the US and elsewhere. This month will likely be long remembered because Steve Jobs passed away at age 56, an industry icon about whom much has been said. Life (and business) does, however, go on and IBM announced a new CEO, the first woman in their history; Virginia Rometty will take charge effective 2012. On the M&A front, Oracle made a couple of buys, including RightNow Technologies ($1.5 Billion) and Endeca Technologies; Sony bought Ericsson out of their Sony Ericsson joint venture ($1.5 Billion); Red Hat bought storage company Gluster ($136 million); and Cisco bought BNI Video ($99 million). In other news Dropbox raised $250 million to fuel expansion, which effectively values the company at $4 Billion. Lenovo moved into #2 spot in worldwide PC manufacturers behind HP while edging Dell into third! Finally a few words for RIM, who seem to be having a tough go of it! This month they were hit with a global network crash that affected customers for an extended period, further weakening their loyal customer base, which is being eroded by strong competition from both Android and iPhone. This compounds its misery following a somewhat lackluster launch of its tablet. If only Jim Balsille had got his NHL franchise, something would have gone right for them! There is genuine concern that this Canadian icon might not return to its former glory and could become another subsidiary of a large conglomerate. That would not be good news for Canadian industry! Read more Industry News…				In This Issue: Industry News IT Job Market Update Feature Articles > The No. 1 Trait of Visionary Business Leaders > Steve Jobs: When Salespeople Run Tech Giants It’s Over > 7 Ways Social Media Can Ruin Your Life > Top 10 CIO Priorities > Social Media Can Hurt You In A Lawsuit > British Electronic Health Record Collapse Sparks Lawsuit > What Happened to Going Paperless?



	IT Job Market Update


	We are well into the Fall and what should be one of the busiest hiring times of the year. The Summer vacations are behind us and the holiday season is yet to come, so people are focused on work. The staffing world tends to be very busy at this time of year and there are definitely “pockets of busy”, but generally things have not “ramped up”. After a couple of months of job growth, Statistics Canada reported that Canada lost 54,000 jobs in October and the unemployment rate deteriorated by 0.2% to 7.3%. At time of writing, the Canadian Dollar is still above par at just over $1.02 US, and market volatility continues. The “Occupy” protests seem to be losing steam although pundits suggest there will be more to come. Two European leaders have lost their jobs, (Greece and Italy), which was seen as a positive in the markets and there is some optimism that things will improve. This month (at time of writing) the TSX, here in Canada is up about 300 points over last month. In just the last week however, the TSX has fluctuated between 12050 and 12350, demonstrating the uncertainty “out there”. The oil patch in Canada was dealt a blow this month with the Obama administration making a “political no decision” on the Keystone pipeline under pressure from environmental groups. However the price of oil over the last month has increased from $86 a barrel last month to more than $102 a barrel this month. Here at Eagle we supply executive and management consultants, finance professionals and IT professionals to our clients across all industries. We continue to see steady demand for these resources and have experienced growth each month. Instead of the expected big increase in demand for October we saw a slight decrease in demand over September which is probably a result of the EU debacle playing out. Uncertainty in the markets translates into a reluctance to hire full time resources, however, work needs to get done and can translate into more temporary or contract work. The ACSESS index (measuring temporary work in Canada) would bear this out as it increased by 13 basis points over the period August and September indicating a significant growth demand for temporary and contract workers. Read the complete IT Job Market Update



	Feature Articles


	The No. 1 Trait of Visionary Business Leaders Consistency isn’t enough. Here’s what Steve Jobs’ and others do that sets them apart. More… Steve Jobs: When Salespeople Run Tech Giants It’s Over Great tech companies don’t let great salesmen become CEOs. Why? They don’t know squat about product. More… 7 Ways Social Media Can Ruin Your Life Knowing what not to share online helps you protect your professional and personal lives in the digital age–and in the real world. More… Top 10 CIO Priorities Which issues are top of mind, or should be top of mind, for CIOs? Consider this list, gleaned from discussions with scores of U.S. and Indian CIOs, as well as from our own research. More… Social Media Can Hurt You In A Lawsuit Social media postings could soon join email as a common part of the legal discovery process. Here’s what SMBs need to know to protect themselves. More… British Electronic Health Record Collapse Sparks Lawsuit Investors sue U.S. contractor CSC, claiming it concealed its inability to complete failed $18 billion U.K. National EHR Program. More… What Happened to Going Paperless? Remember that quaint idea for offices to go paperless? What can we learn from this failed technology revolution? More…


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