{"id":9400,"date":"2015-05-19T12:47:58","date_gmt":"2015-05-19T12:47:58","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=9400"},"modified":"2015-05-19T12:47:58","modified_gmt":"2015-05-19T12:47:58","slug":"this-guy-is-a-business-mentor","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=9400","title":{"rendered":"This guy is a 'business mentor'?"},"content":{"rendered":"\n
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You’ve heard of the Peter Principle, yes? It’s the notion that people can be elevated to their “highest level of incompetence.”<\/p>\n

Here, then, is a startling example of that principle at work.<\/p>\n

David Wallace, the one-time co-owner of a master development firm that galloped into Amarillo making huge promises to re-create the city’s moribund downtown district, has been hired as a “business mentor” for a firm that teaches foreign entrepreneurs how to succeed in business.<\/p>\n

Why is this so weird? Wallace’s company — Wallace Bajjali Development\u00a0Partners — vaporized into thin air earlier this year in a dispute with co-owner Costa Bajjali. He left Amarillo — and Joplin, Mo. — high and dry. Joplin had hired Wallace Bajjali to help the city recover from the destruction caused by a tornado that tore through the city.<\/p>\n

I don’t know whether to laugh or scream.<\/p>\n

http:\/\/www.joplinglobe.com\/news\/local_news\/david-wallace-finds-employment-as-business-mentor\/article_5327216f-8a0a-56d2-a9f0-f1a0c7ee6bb4.html<\/p>\n

Amarillo is proceeding with its downtown development efforts without David Wallace, the former Sugar Land mayor and self-proclaimed urban development hotshot.<\/p>\n

His new employer is International Accelerator of Austin. Its website, according to the Joplin Globe newspaper, touts Wallace as a “key” player in the firm’s organizational chart.<\/p>\n

As the Globe notes in its story on Wallace’s hiring, International Accelerator’s website doesn’t mention a key part of Wallace’s recent history.<\/p>\n

You see, after he and Bajjali parted company, Wallace filed personal bankruptcy, claiming debts totaling in the millions of dollars and leaving him, according to the Globe, “in financial shambles.”<\/p>\n

The Globe reports: “Wallace’s biography listed on the website touts his three-term history as mayor of Sugar Land, Texas, his work with the son of the late British prime minister Margaret Thatcher, and his experience in public-private partnerships.”<\/p>\n

It makes me\u00a0wonder if his new employers know\u00a0the rest of the story.<\/p>\n\n

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You’ve heard of the Peter Principle, yes? It’s the notion that people can be elevated to their “highest level of incompetence.” Here, then, is a startling example of that principle at work. David Wallace, the one-time co-owner of a master development firm that galloped into Amarillo making huge promises to re-create the city’s moribund downtown … Continue reading This guy is a 'business mentor'?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9],"tags":[1163,1284,1436,2577,2578,5156],"class_list":["post-9400","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-costa-bajjali","tag-david-wallace","tag-downtown-amarillo","tag-joplin-globe","tag-joplin-mo","tag-wallace-bajjali-development-partners"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/9400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9400"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/9400\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}