In some ways, the financial services industry is overdue for a good house-cleaning. And no doubt, the culture of the money management business will change accordingly. Whereas excesses in staffing have been common at many financial services firms in recent years, the reality is that only those who produce value will have a place in the reworked financial services industry. Creating value in financial services is not easy. Which leads to one of my favorite interview questions for job applicants, "Explain how one creates value through finance..." Those who can respond effectively to that question have a future in financial services.