Alger Management's Resilience After 9/11

The video discusses the impact of 9/11 on Alger Management, which lost 35 employees, including its president. Dan Chung, the CEO, shares how the firm rebuilt by honoring its past and maintaining its culture. The video highlights the importance of resilience, optimism, and learning from crises, drawing parallels between 9/11 and the COVID-19 pandemic. It also touches on the memorial for the lost employees, symbolizing unity and individuality.

What was the initial reaction of Alger Management after the 9/11 attacks?

• They considered shutting down the firm.

• They immediately started hiring new employees.

• They relocated their headquarters.

• They merged with another company.

Who played a crucial role in the rebuilding of Alger Management?

• External consultants

• Alger alumni

• Government officials

• Newly hired employees

How did Alger Management ensure the continuation of its original culture?

• By focusing solely on technology

• By changing its business model

• By maintaining the same philosophy and process

• By hiring only new graduates

What change in Alger Management's structure is highlighted in the section on evolving DNA?

• Emphasis on meritocracy

• Focus on short-term profits

• Introduction of a new business model

• Reduction in workforce

What is a potential benefit of remote working mentioned in the transcript?

• Increased office space

• Higher employee turnover

• More flexibility for workers

• Decreased productivity

What does the '35 candles' memorial symbolize?

• The future goals of the company

• The challenges faced by the firm

• The individuality and unity of the lost employees

• The financial success of Alger Management

What lesson does Dan Chung emphasize regarding crises?

• Avoid taking risks

• Focus on the negative aspects

• Always remain optimistic

• Rely solely on external help