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ALPHA FEMALE: Summer holiday – relaxation or stress?
By Anneke de Boer
24 Jul 2008
In order to decompress from a stressful job, I feel that you need two consecutive weeks of holiday. Maybe this is why Americans are so stressed and Europeans – comparatively – more relaxed.

Many Americans get only two weeks’ vacation a year and it is often frowned upon to take them consecutively. In London, the expectation is that you will take two consecutive weeks over the summer. If you don’t take two weeks' holiday, people think you are at best odd or at worst inconsiderate, as your remaining vacation days need to be taken into account throughout the rest of the year. Holidays are timed to coincide with your client base – the Scandinavians go off in July, the French in August.

As was highlighted in the Jérôme Kerviel affair, many in trading (and some controlling functions) should be required to take their holidays. This makes it harder to hide 'rogue positions' and allows inaccuracies to come to light. Perhaps this will now be more actively enforced.

Assuming you do take a holiday, what do you do with it? This is a time to get away from the rigours of daily life and reconnect with your family and friends. But do high powered, highly skilled people really do nothing on holiday? Do they know how to switch off?

My vote is no. People who are successful in the finance world are rarely those who can sit still for long on a beach towel. Much as we like to think we can spend time on a romantic beach with a book doing nothing, after a day or two it becomes boring. Itchy fingers start – and out come the mobile phone and Blackberry.

Even those who attempt to have a quiet holiday will have their share of stress. Stuck in a traffic jam on your way to Cornwall can feel like five hours of hell. Or, assuming that you aren’t in the league of flying business class with your family, the stress of flying in the back of the plane with toddlers in tow may make you wish you were at work and not on holiday.

Some younger or single people will go on adventure holidays. I had colleagues who took parachuting lessons, went on cycling trips, or skiing. For them, this was relaxation.

In my experience, most people’s holidays fall somewhere in the middle. They go somewhere to relax but end up scheduling their days to keep busy. It’s all about keeping the adrenaline going – but voluntarily.

Anneke de Boer is a former managing director of Morgan Stanley’s fixed income and debt capital markets business in London. She retired in 2006.

Related Articles:
ALPHA FEMALE: How to get on headhunters’ radar
Caribbean courtesy of Kerviel?
Editor's take: Dare to take time off
Reader Comments
Date: 24 Jul 2008
Name/Email: Henry ()
Company:
The British obsession with taking holidays is just pathetic. "Waah, nooo I don't wanna work, I wanna go twavelling!! I wanna goo on holidayy!! Yaay sunshine, noo hate working, waah!!" I really need to escape to New York which has higher-calibre alpha males who don't need to take 4 weeks holiday off a year to cope with 'stress'.

Date: 24 Jul 2008
Name/Email: Bob ()
Company:
Henry - chillax

Date: 24 Jul 2008
Name/Email: Love Hols ()
Company:
Henry - you strange, strange man....

Date: 24 Jul 2008
Name/Email: gunderson ()
Company:
I think this is a little small minded. Life is indeed for living not just working.

Date: 24 Jul 2008
Name/Email: Niall ()
Company:
Henry is obviously slightly unhinged and has no-one to go on holday with. You really must get out more. There is a big world out there Henry, which is worth getting to know. Sitting in your office staring at a computer screen should be something you do to fund the things you really want to do. Work to live, not live to work. But hey, each to his own, you carry on working mate, I'm off for a beer with my mates then 2 weeks holiday. Have fun at your desk!

Date: 24 Jul 2008
Name/Email: Henry ()
Company:
The makings of the vast majority of successful people who get to MD at a bank and beyond are not people who prioritise "living to work" over "working to live". People successful in their careers are certainly not the people who think that they're just doing a job to pay the bills to enjpy the rest of their life. Given work hours are such an integral part of your life, you can leave a more fulfilled life by giving that your best and reaping the rewards. I'm sacrificing wasting time on holiday now to rise up the ladder, then by 30-35 I'll be retired with all the holiday I want, whilst people who "work to live" are the ones more likely to be working till 65.

Date: 24 Jul 2008
Name/Email: Golddigger ()
Company:
Henry, baby, I'll take you on holiday - just so long as you promise to play the New York alpha male and spend the big bonuses you keep talking about.

Date: 24 Jul 2008
Name/Email: James ()
Company:
Ah hello Henry..... Do you have your own My Space page yet or a column in the London paper?

Date: 25 Jul 2008
Name/Email: Niall ()
Company:
Perhaps Henry. Your youthful ambition does you credit but have a look at the divorce rate amongst the MDs of banks and partners at the major law firms to get a sense that you can rarely have it all. If you are retired by 35 then well done, you'll be one of very few. Personal choice is a wonderful thing, you choose your path and others will choose theirs.

Date: 25 Jul 2008
Name/Email: Henry ()
Company:
James, I'd be quite keen on writing here but don't think I'd be able to come up with an article-long piece on a different topic week in week out, I'm better off a topic coming and me being able to make short contributions here.

Date: 25 Jul 2008
Name/Email: Henry ()
Company:
Niall, you're right, each to their own in life. Just don't like the attitudes of people here towards working life, if you want to be a success in finance you shouldn't see your career as just a job to pay the bills. Anyway, my strategy for what you said above is to do well in the job through your 20s, just having fun sleeping with lots of girls, no timewasting/commitment, and upon reaching MD in your early 30s to then start settling down a bit, find your perfect person, be married by 35 upon retirement and have your kids then. Whilst people who work to live are still working, and may very well get divorced anyway.

Date: 25 Jul 2008
Name/Email: Wizard of EC1 ()
Company:
Henry - did Mummy leave the Nursery gate open again? People that don't take holidays are either fraudsters, incompetent (and afraid that someone will show them up) or on their way to a nervous breakdown. People that don’t take holidays generally underperform. Taking holidays is a sign of self confidence and being on top of your game, sure check the Blackberry - BUT NEVER RESPOND. Colin Powell, a highly successful man in world politics and indeed the bear pit of Capitol Hill, had twelve basic rules, one of them was to take holidays AND demand that his staff take theirs. I ‘d rather heed the advice of General Powell than a thirty something MD anyday. We all suspect that you are a first year cub and indeed we all started out with your attitude, but please, listen to those that have gone before you or you won’t make it to 35 in this industry …. Because someone will take you out.

Date: 25 Jul 2008
Name/Email: kim ()
Company:
Mate - you have no idea. Firstly - the twenties are the best years of your life.... you really don't want to waste those sitting in the office.Secondly, by the time you are in your early 30s and ready to settle down you will probably find that all the girls are taken because they found their man in their twenties. And then, when you retire, you will realise you have no friends because you spent all of your formative years in front of a computer instead of making and maintaining life long friendships on holidays and weekends.... seriously.... get a life....

Date: 25 Jul 2008
Name/Email: Henry ()
Company:
Indeed the 20s are your best years of your life - I'm living the best life ever by enjoying, doing well and reaping the rewards of my career, and sleeping with lots of girls. Better to do that then chill out and take the maximum possible holiday instead of making more money, as I'll be more sorted come ages 35-85 - 50yrs, a long time ya know. "All the girls will have found their man in their twenties", what are you nuts? In London the majority of hot high-quality girls are still single in their late 20s because they'll have similarly worked hard and not settled down yet. I'm looking forward to hitting 30, knowing there'll be a ton of eligible girls out there to settle down with. And I maintain good friendships with an active social life. I have no problem with people enjoying life by taking holidays, I just sometimes get utterly sick of the British culture of moaning about having to work, hating work and just doing it to pay the bills, and wanting to be a perpetual lazy loafer. If I log into Facebook and click recent updates today every other status is "Thank god its Friday!" "Bring on the weekend, yay!" "No more work for 2 days!!", its just pathetic.

Date: 25 Jul 2008
Name/Email: Tarquin ()
Company:
Oh look, its good old Henry..... Can everyone please ignore this egotistical pr*t who seems to spend his time stoking up arguments by placing controversial comments on efinancial. If you look back through some of the previous articles you will continue to see some of Henry's farcical comments. On a previous log we identified him as a recruiter who seeks information from real City workers about pay scales and working hours etc. so please dont respond to him. Henry - get a life.

Date: 28 Jul 2008
Name/Email: christianald ()
Company:
Henry, weren't you boasting of "taking 1st class Virgin Atlantic to exotic destinations and stay in 5* hotels, while my friends take EasyJet to Barcelona." ???? In this thread you're "sacrificing wasting time on holiday now to rise up the ladder"?? I think you should come clean, son...

Date: 29 Jul 2008
Name/Email: Henry ()
Company:
Christianaid, I go on vacations, and never said I didn't. I just said the British culture of being obsessed with going on holiday as much as possible and hating the concept of having to work utterly pathetic. I'm all for work hard and play hard, not do the bare amount possible to get by and live for holidays. People here have such a bad attitude, which is why this country is going down the pan, whereas China and India will take over as people there have the right attitude and work ethic.

Date: 29 Jul 2008
Name/Email: christianald ()
Company:
So the country is going down the pan because we're all lazy and obsessed with going on holiday all the time?? WRONG! In fact, it's probably people like you who have wrecked this country with their selfish, greedy attitudes. Try walking through Liverpool St. station and lecturing anyone in a suit about their work ethic - I'm sure you'll get an interesting response.

Date: 29 Jul 2008
Name/Email: Henry ()
Company:
How on earth have I "wrecked the country"? The credit crunch was caused by lazy, stupid people who can't afford stuff hence pile it all onto credit cards they're then unable to pay off and take out mortgages they can't afford. The fault lies entirely with these stupid people for taking out these loans, not the people who provided them who just knew a smart way to exploit the vulnerable.

Date: 29 Jul 2008
Name/Email: CitG ()
Company:
Henry is clearly just here to generate more comments

Date: 30 Jul 2008
Name/Email: JC ()
Company:
CitG - I agree, Henry is playing the Devils Advocate!! Why shouldn't people look forward to their weekend! Just because someone says on FB that they are "looking forward to Friday" doesn't mean that they aren't in face working harder than you. You say your hard working and slogging it out at your desk to make it big however from what you have mentioned I find it hard to believe that inbetween making comments on here and the time you spend on facebook you actually do any work! The reason why you don't complain might be cause you aren't actually doing any work!!!!

Date: 30 Jul 2008
Name/Email: Henry ()
Company:
Err, I spend maybe 30 minutes a day writing on forums and surfing the web. Another idiotic comment so typical to eFN, people thinking you need to be only working non-stop when at your desk to produce results. Time spent working and performance / results have little correlation. In fact I probably do better at my job using this as an outlet to vent, hence come across relaxed and happy in person.

Date: 09 Oct 2008
Name/Email: VP IB BB ()
Company:
Henry and relaxed... yeah and all the Talibans hang out at the pub..

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