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John Maynard Keynes – Redux

“This is a nightmare, which will pass away with the morning. For the resources of nature and man’s devices are just as fertile and productive as they ever were. The rate of our progress toward solving the material problems of life is not less rapid. We are as capable as…

Continue ReadingJohn Maynard Keynes – Redux

I’m going to Pump – You Up!

Finding Your Inner Courage is another Welchway gem from Business Week. This time, Jack and Suzy Welch focus on us - how do leaders motivate themselves? When times are bleak and business challenges sap much of our energy, how can we renew our own commitment to success and find the…

Continue ReadingI’m going to Pump – You Up!

Elbert Hubbard may have said it best . . .

"The love we give away is the only love we keep."

Continue ReadingElbert Hubbard may have said it best . . .

Don’t get bonked by your banker!

The NY Times recently published an interview with Bob Seiwert, a senior vice president for the Center for Commercial Lending and Business Banking at the American Bankers Association, a trade group in Washington. Transparency. Full Disclosure. Risk Management. These are a few of the items on his checklist of key…

Continue ReadingDon’t get bonked by your banker!

Ken Lewis, BofA CEO, speaks to Congress

You should read the transcript From Ken Lewis testimony before the Financial Services Committee of the US House of Representatives. It is a reasoned discussion of Bank of America's performance and highlights several key points that we rarely read about: The US taxpayers will receive $2.8 billion in dividends this…

Continue ReadingKen Lewis, BofA CEO, speaks to Congress

Everything I know I learned at McDonalds?

This is a title of a new book previewed by Business Week. It's reportedly as simple to understand as McDonald's menu and recounts some familiar adages. In particular, though, it emphasizes the value of employee recognition. This is an invaluable tool at all times, but particularly now when employees are…

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I am absolutely awed by this talent!!!

I digress . . . but I've always wanted to draw although I haven't scribbled much past a kindergarten lesson book. When I see this kind of talent, I see a true gift. Take a few minutes to watch this - and think about the perspective and artistry that she…

Continue ReadingI am absolutely awed by this talent!!!
Read more about the article Jim Collins: How turbulence affects performance

Jim Collins: How turbulence affects performance

Fortune magazine recently interviewed Jim Collins, whose popular book, Good to Great, took the business community by storm a few years ago. He talks about the current turbulence and some of the variables uncovered in his research about companies that prevail during difficult times.Being securely moored in powerful values and…

Continue ReadingJim Collins: How turbulence affects performance
Read more about the article Bonus Banks – finally a longer term incentive

Bonus Banks – finally a longer term incentive

Business Week recently summarized a concept called a "bonus bank". In short, it is an incentive plan in which a significant portion of annual bonuses, perhaps 1/3, is set aside to be paid out over time, 3 years in the BW example, based on the continuing achievement of established benchmarks…

Continue ReadingBonus Banks – finally a longer term incentive
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