Source: CNN Money
Firms want to offer a $1,000 course on Transcendental Meditation to employees.
Stocks are near all-time highs, the IPO market is hot, and for the most part, the bulls are beating the bears. But while optimism is high on Wall Street these days, so is stress.
Long, grueling hours remain part of the job description in the financial world. To help revive their employees, a growing number of firms are turning to the age-old technique of Transcendental Meditation (TM), which involves accessing the deepest, quietest level of the mind by speaking a silent mantra. It is said to reduce anxiety and increase clear, focused thinking.
The David Lynch Foundation, an organization founded by the movie director famous for “Blue Velvet” and “Eraserhead,” has been getting an increasing number of calls from Wall Street firms to come and offer its $1,000 intensive course on Transcendental Meditation to employees.
“Two years ago, there were only one or two firms interested in the corporate program,” said Bob Roth, executive director of the foundation and a TM teacher and practitioner of over 40 years. “Now there are 30 or 40 companies — and more expressing interest all the time. In fact, we cannot keep up with the demand.”
Hedge funds and venture capital firms are the most interested in the program. And Roth said he also recently received a call from the head of global recruitment at a top Wall Street bank, who was interested in offering TM to top recruits that have been choosing companies with “cooler environments” like Google (GOOG, Fortune 500) over the bank.