Vol. 49-Sinful Excess – Greed, Gluttony, Lust

The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.

This page provides the Print-Friendly Version of the article, as published.

Any related materials or articles referenced in the column, or otherwise applicable, will also be referenced below:

The electronic version of the article, as published, may be found here.

**********************************************************************************

Article published -September 14, 2009larykirchenbauerhdr

 

Gluttony, greed, lust not the ingredients for principled organization

Temperance and labor are the two best physicians of man; labor sharpens the appetite, and temperance prevents from indulging to excess.”

– Jean-Jaques Rosseau

You’ll recall that last time, we catalogued the perils of pride and envy in the pursuit of business success, but alas, we’ve barely dented the list of Seven Deadly Sins.

During this economic tumult, we’ve seen excesses like never before in our lifetimes … excessive credit card and mortgage debt, inflated housing prices, financial malfeasance, Ponzi schemes, egregious compensation plans and much more. It’s no surprise, then, that three of these seven misdeeds are offenses of excess in various incarnations.

Gluttony appears on the list and is defined as the “inordinate desire to consume more than you require,” which originated with concerns for wasting food in the midst of poverty. Thomas Aquinas, a medieval religious thinker, even identified six ways to commit gluttony, including consuming too much, too soon, too eagerly or too expressively – maybe the perfect expression of the runaway consumer spending that brought our economy to its knees.

“Qu’ils mangent de la brioche,” famously translated as “Let them eat cake,” is arguably attributed to Marie Antoinette on the eve of the French Revolution, hailing the ignominious end to another age of excess. (more…)

Continue ReadingVol. 49-Sinful Excess – Greed, Gluttony, Lust
Read more about the article Leadership | The Fires You Want Are The Ones You Set
Fuel. Ignition. Oxygen. What it takes to set your business on fire and and keep it burning! (In a good way ;>))

Leadership | The Fires You Want Are The Ones You Set

Create your own firesFire has been around since before Prometheus stole it from Zeus and shared it with us mere mortals.We won’t revisit the penalty that Zeus bestowed but suffice it to say, Prometheus probably regretted his thievery.Are you spending your day putting out fires?It seems that most executives today…

Continue ReadingLeadership | The Fires You Want Are The Ones You Set

Business Finance | Have you met the Scavenger’s Daughter?

financeImpressing your bank less important than being able to hit targets

The Scavenger’s Daughter? Might be the name of a lost Dickens novel … or an indulgent misnomer for a  the infamous rack that not only stretched but crushed its victims during the reign of King Henry VIII.
Thumbscrews, pilliwinks, breaks and the tormento de toca were other methods used to punish those that broke their “covenant” with the King.
Fortunately, those punishments are relegated to history’s ash heap … at least I’m pretty sure that banks aren’t using any of these default provisions.

Compliance with financial covenants

Compliance with financial covenants, however, has never been more important. Today, banks have an arsenal of covenant choices that are used as an early warning system to alert participants to potential problems that may jeopardize their financial well-being.
It’s important to recall that covenants are based upon (more…)

Continue ReadingBusiness Finance | Have you met the Scavenger’s Daughter?

Vol 32: Cash is still KING!

The North Bay Business Journal, a publication of the New York Times, is a weekly business newspaper which covers the North Bay area of San Francisco – from the Golden Gate bridge north, including the Wine Country of Sonoma and Napa counties.

 

**********************************************************************************

Article published – December 15, 2008

BUILDING A BUSINESS: Surprise: ‘Cash is king; here’s how to keep it flowing

by Lary Kirchenbauer

“Money’s a horrid thing to follow but a charming thing to meet.” – Henry James

There is probably no more trite but compelling phrase in the business lexicon these days than “Cash is King.” What does it mean? (more…)

Continue ReadingVol 32: Cash is still KING!

Wisdom of the Ages – Don’t Miss This!!

Some of you may be aware of the Wisdom Project, an effort produced in cooperation with Bishop Desmond Tutu. I had lost track of it and thanks to a colleague, was recently re-introduced to it.
The Wisdom Project has assembled an extraordinary international cast of voices from all walks of life to explore the concept of wisdom. Do yourself a favor and take a few moments to reflect upon this wondrous work by visiting The Wisdom Project.
In the words of renowned photographer, Andrews Zuckerman, here is the concept of the Wisdom Project. (more…)

Continue ReadingWisdom of the Ages – Don’t Miss This!!