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When a Crisis Strikes Get the Facts
- By Stephen Hopson
- Published 07/14/2008
- Overcoming Adversity
-
Rating:




Stephen Hopson
A former award-winning Wall Street stockbroker turned speaker, author and the first deaf pilot in the world to earn an instrument rating; Stephen Hopson teaches others how to transform adversity into success. www.sjhopson.com and www.adversityuniversityblog.com
In 1995, I was riding high on Wall Street. Clients were enjoying double-digit growths and I was making a handsome six-figure income. I was winning sales trips to exotic places like Mexico and Bermuda, interviewed on national television and accumulating one sales award after another. But little did I know all hell was about to break loose. I had no clue it was coming.
One of my clients was a woman I affectionately labeled “the grandmotherly client.” Always reeking of cheap perfume, she was rail-thin with bushels of snow white hair and a kind face that was overshadowed by gigantic red framed glasses. She was quite fond of me.
All was well until the market took a sharp nosedive in late 1995. Like everyone else, this frightened her. I took great pains to remind her that this was only temporary. After extensive hand holding, I thought we came to an understanding and had everything squared away.
I couldn’t have been more wrong.
One morning, the legal compliance officer handed me a 3 page letter. It was full of harsh-sounding legalese from the grandmotherly client, accusing me of gross incompetence!
“How could this happen?” I thought. The paper shook in my hands.
When I was first hired at Merrill Lynch, I knew had to work a thousand times harder to earn the trust of potential clients. I vowed that I would not steer them wrong. The intention was to have not one complaint lodged against me.
Until I was handed that letter, I had almost succeeded.
The rest of the week blurred by. I walked around in a daze, losing all interest in the stock market. A million debilitating thoughts ran through my head:
“You’re going to be fired!”
“You will be hauled to court!”
In the days that followed, I kept re-reading her letter like
a shell shocked zombie, not believing it.
Eventually the compliance officer called me in to discuss how we were going to handle the complaint. Swallowing hard, I knocked on the door of the compliance officer.
He motioned for me to come in and sit down while finishing up a call. As he was talking on the phone, he was both smiling and winking at me. I thought that was strange. Maybe it was one of those “calm before the storm” type of things.
Putting the phone into the cradle, he took a deep breath and smiled some more. Did I want coffee or tea?
I didn’t.
Either he was going to fire me or I was going to have to quit.
But no one was more surprised than I when he calmly folded his hands and proceeded to tell me that the next step was to write a memo, describing how and why this woman’s portfolio was constructed the way it was.
“Hand it in a week from today,” he advised.
That’s all there was to it. No drama, no threats, no nothing. For the first time in weeks, I saw a glimmer of hope on the horizon. A week later I handed it in.
What followed taught me the first of many lessons on how to banish worry when in the midst of a major crisis:
Food for thought: Trust that if you did everything with integrity, the universe will do justice for you.
One of my clients was a woman I affectionately labeled “the grandmotherly client.” Always reeking of cheap perfume, she was rail-thin with bushels of snow white hair and a kind face that was overshadowed by gigantic red framed glasses. She was quite fond of me.
All was well until the market took a sharp nosedive in late 1995. Like everyone else, this frightened her. I took great pains to remind her that this was only temporary. After extensive hand holding, I thought we came to an understanding and had everything squared away.
I couldn’t have been more wrong.
One morning, the legal compliance officer handed me a 3 page letter. It was full of harsh-sounding legalese from the grandmotherly client, accusing me of gross incompetence!
“How could this happen?” I thought. The paper shook in my hands.
When I was first hired at Merrill Lynch, I knew had to work a thousand times harder to earn the trust of potential clients. I vowed that I would not steer them wrong. The intention was to have not one complaint lodged against me.
Until I was handed that letter, I had almost succeeded.
The rest of the week blurred by. I walked around in a daze, losing all interest in the stock market. A million debilitating thoughts ran through my head:
“You’re going to be fired!”
“You will be hauled to court!”
In the days that followed, I kept re-reading her letter like
Eventually the compliance officer called me in to discuss how we were going to handle the complaint. Swallowing hard, I knocked on the door of the compliance officer.
He motioned for me to come in and sit down while finishing up a call. As he was talking on the phone, he was both smiling and winking at me. I thought that was strange. Maybe it was one of those “calm before the storm” type of things.
Putting the phone into the cradle, he took a deep breath and smiled some more. Did I want coffee or tea?
I didn’t.
Either he was going to fire me or I was going to have to quit.
But no one was more surprised than I when he calmly folded his hands and proceeded to tell me that the next step was to write a memo, describing how and why this woman’s portfolio was constructed the way it was.
“Hand it in a week from today,” he advised.
That’s all there was to it. No drama, no threats, no nothing. For the first time in weeks, I saw a glimmer of hope on the horizon. A week later I handed it in.
What followed taught me the first of many lessons on how to banish worry when in the midst of a major crisis:
- Get busy obtaining the facts. Gather all pertinent information and show exactly what happened from Point A to Point B. Getting busy makes it difficult to worry about the future.
- Analyze the information.
- Make a decision on a course of action to take. Sometimes a course of action becomes clear to you and you just do it. Other times you have to let it go. In this situation, I had done my part. I handed in the memo. I had to trust that it would work out.
Food for thought: Trust that if you did everything with integrity, the universe will do justice for you.
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3 Responses to "When a Crisis Strikes Get the Facts" 
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said this on 14 Jul 2008 6:44:18 PM CDT
Thanks - glad you enjoyed it Albert!
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said this on 14 Jul 2008 6:59:11 PM CDT
LOL! Why is the sweet looking ones who try to get you! Good for you and great advice! Thansk!
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