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California: Fiddling while Rome is burning!

California now has the lowest credit rating in the country – literally #50, although we may be tied with Louisiana. Yes, I know this topic is a bit far afield for this blog but isn’t it pathetic that our Sacramento lawmakers can’t find a way to compromise to get a budget passed? I thought about…

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Employees are like napkins . . .

CFO Magazine recently interviewed three business leaders about headcount reductions. There are some valuable nuggets in this article:     Cut outputs – not inputs. The cost of hiring and training often outweighs the savings from force reductions. Don’t overlook employee recognition. Have a short-term cash flow projection – no matter what. Talk to your…

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Pay more attention to “free cash flow”

You may not need another metric to measure your business but CFO Magazine recently described an interesting new metric called “free cash flow growth profile” as a measure of measuring the amount of discretionary cash available. In this context, “discretionary” means “no strings attached”. While you could calculate that benchmark for other companies in your…

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Loyalty – an admirable but confusing trait

During this extraordinary time of economic turmoil, many of you have confronted the unwelcome task of evaluating employees when layoffs are required. In my conversations with CEO’s, I often find that one factor that obscures the clarity of that decision is the loyalty of long-time employees. As a result of their genuine humanity, CEO’s let…

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7 Ways to Differentiate between a Lightning Bolt and a Bright Idea

Charles Dickens’ famous opening sentence continues … “it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity.” More than 150 years later, our business world is possessed of similar contradictions. Sometimes the light you see at the end of the tunnel…

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Inauguration Day, 2009.

Today is a day to pause and reflect, if only momentarily, to witness the grand transition of power – peaceably and with dignity and respect – that is at the heart of the American experience. As even a casual student of history understands, the transition of power throughout the world is often preceded by bloodshed…

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Through a tarp over TARP – it’s done!

I’ve been a little remiss lately, but I’m energized by the flood of information about the woeful TARP plan. The New York Times on Sunday sketched out the results they’ve uncovered, which are abysmal. Isn’t it amazing that in the infinite wisdom of our Washington leadership that they’ve ploughed $350 million into a program full…

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Get your week off to a rousing start . . . .

If this doesn’t stir up your soul and start a warm feeling running through your blood – check your pulse. You might not still be with us! NOTE TO MUSIC FANS: You’re in for a treat with Mark Johnson and Jonathan Walls’ Playing for Change: Peace Through Music, a film that premiered at the 7th…

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