Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Monday, July 18, 2022

Time Wasters


A man who dares to waste an hour of time
has not discovered the value of life.

— Charles Darwin

I recently heard the owner of a meeting planning firm say that her agency has started billing clients specifically for the time devoted to answering "half-baked" emails.

Her staff had informed her that clients had been wasting large amounts of their time with emails that were preposterous and scatterbrained, and that the situation of recent was worsening. Some clients would send more than 20 a day.

So she took steps to profit from the clients' lack of professionalism.

Workplace communication isn't easy. It takes a bit of care.

The careless communicator—too hurried to compose his thoughts, look up the answers to basic questions, or question whether an idea has the slightest merit—never seems to realize that he's squandering others' time (and his own, in the bargain).

He doesn't see that his imprecision, incaution, and indifference to others' time bear a cost, and that by robbing himself and others of time he destroys value.

I like the meeting planner's new practice. She's making lemonade from lemons, and boosting her bottom line.

As the Stoic philosopher Seneca said, "the life we receive is not short, but we make it so."

We have but a few grains of sand in the hourglass.

Can we afford to let others waste them with impunity?

Sunday, May 8, 2022

Magical Thinking


Magical thinking is typical of children up to five,
after which reality begins to predominate.

American Psychological Association Dictionary

Every day I encounter magical thinking.

It makes me cringe.

Here are three examples I encountered in only the past 24 hours:

  • An executive coach told a young realtor, "If you just go to networking events, you'll be a millionaire." That's malarkey

  • A keynote speaker at a conference told businesspeople, "When followers love what you love to do, the money will follow." That's also bull.

  • A woman angry about last week's Supreme Court decision Tweeted, "Since women have no contractual rights, I need no longer pay my student loans." That's foolishness.
Our society is hip deep in magical thinking—the kind that ruins people's lives (remember when Trump said household bleach could cure you of Covid?).

We've always been surrounded by magical thinking—witness the 1990s' Beanie Babies Investment Craze—but things seem to have worsened of recent.

Magical thinking—the belief that your thoughts, words, or actions can shape events—assumes a causal link between the subjective and objective.

Of course, sometimes your words and actions do shape events. (Just tell your boss his hair plugs are obvious; or cross the street without looking.)

But most of the time events have a mind of their own.

Since the advent of science in the 16th century, we've tended to associate magical thinking with infants, religions, and "primitive" cultures. 

But magical thinking pervades popular culture, too.

Freud blamed magical thinking on the Id, which seeks favorable outcomes without regard to the "reality principle."

Reality aside, maybe magical thinking isn't magic at all, but only an instance of wishful thinking—the error in judgement known to philosophers as the "ought-is fallacy."

The ought-is fallacy assumes that the way you want things to be is the way they are, no matter the evidence.

Examples of the ought-is fallacy include the belief in angels and the healing power of crystals; the belief that trickle-down economics works; the belief that Trump actually won the 2020 election; the belief that hard work pays off; and the belief that no one is evil.

The next time you're confronted by someone's wishful thinking, ask him, do you believe in magic?


Saturday, April 30, 2022

Clueless


The reason people do not know much is that
they do not care to know.

― Stephen Fry

I was scammed last week out of $500; a first, for me.

I received an email appearing to come from the president of an association I belong to. 

She asked me, as a favor, to buy $500 worth of gift cards and send them to a veterans charity on behalf of the association. She was supposedly swamped and couldn't get to it. I'd be reimbursed for my out-of-pocket expense promptly.

I helped her out the following day.

As a volunteer on several nonprofit boards, I receive frenzied requests from other association officers frequently.

Hers seemed fairly routine.

Only when I received a second request from her to send another $500, did I suspect a scam.

My credit card issuer has determined I was duped by a "credible imposter," so I don't feel completely stupid; only partly stupid.

By placing a few phone calls, I learned within moments of sensing a scam that the association's leaders knew for days about the imposters, but covered up their activities from the association's members.

They had also—years ago—posted all the members' names and emails on the association's website, making them easy pickings for scammers.

I informed the president she had committed an egregious breach of trust by exposing members' personal information and then covering up the scam.

But she didn't—and doesn't—get it. 

The term breach of trust means nothing to her. 

She only wanted to know whether to cancel my meal at next month's annual lunch, since I was resigning from membership.

Some folks simply have no business running a nonprofit.

If you are asked to do so, I suggest you first educate yourself—just a little.

It's easy!

There are hundreds of free resources at your fingertips.

Show you care enough to become informed.

Or stay on the sidelines.

You have no business trying to lead.

Tuesday, April 5, 2022

Many a Slip

There's many a slip 'tween the cup and the lip.

— English proverb

I've always loved this 2nd-century proverb.

We 21st-century folks—quick to shun responsibility—like to say instead, "Shit happens."

But the ancient proverb puts the onus on the individual, not the universe. 

The individual is where the slip so often begins.

Business people are always slipping up: dropping the ball, laying an egg, spoiling the party.

It seems to worsen every day.

Of course, a lot of us have too much to do. 

But a whole lot of us are just plain sloppy and unprofessional.

As my parents would say, "You can't get good service anymore."

Please don't contribute to the problem. 

Instead, today, try to:
  • Show up
  • Call back
  • Keep the appointment
  • Follow through
  • Pay attention
  • Speak plainly
  • Be honest
  • Offer to help 
  • Find an answer
  • Keep your promise
And, for god's sake:
  • Don't send me a survey every time I interact with you.
Chances are, it will reach me when I'm in a foul mood.

Tuesday, March 22, 2022

Attack!


Vulnerability scanning by Russians indicates the Kremlin is "exploring options for potential cyberattacks" President Biden warned yesterday.

"Harden your cyber defenses immediately."

Biden called cyberattack readiness a "patriotic obligation."

While big businesses are the likely target of the Russians, small ones are the most frequent target of cyberattacks in peacetime, according to Barracuda Networks.

A study by the cybersecurity firm found the average employee of a small business experiences over three times the number of cyberattacks that her counterpart at a large business does.

Fraudsters set their sights most often on small businesses because big ones have expensive safeguards in place.

CEOs and CFOs are the most common targets of the attacks.

Given their privileged access to systems, executive assistants are also popular targets, according to Forbes columnist Edward Segal.

Fraudsters in peacetime primarily use email to hack into and take over a business's computers, which they then hold for ransom.

Cybersecurity experts say at least one-third of small businesses are vulnerable.

More frightening than a systems takeover is fund-transfer fraud—because it's easier to pull off.

Fund-transfer fraud losses increased nearly 70% from 2020 to 2021, according to PropertyCasualty360.

Fund-transfer fraud is "one of the easier ways to monetize a cyberattack," the magazine reports.

Fraudsters use email to hack into a company and modify payment instructions on purchase orders and contracts.

They also send fake payment instructions that appear to come from vendors.

The average loss in late 2021 was $347,000.

Once again, small businesses are the most likely targets.

Fund-transfer fraud is not only easy, but potentially more profitable than a systems takeover.

That's because small businesses are less apt to pay a ransom for their computers. 

"Small businesses typically have less digital infrastructure, leaving hackers with less leverage during a ransomware negotiation," PropertyCasualty360 says.

How about you?

Are you prepared for a cyberattack?

Monday, March 21, 2022

Exile on Main Street


The artist has no more actual place in the American culture of today than he has in the American economy of today.

— William Faulkner

I'm flattered so many friends and acquaintances have taken well to my choice of an "encore" career.

At the same time, I'm saddened that I can only pursue painting as a career because I don't depend on it for the lion's share of my income.

My hat's off to those painters—successful or not—who found the cajones to try in their youth to paint for a living.


The average American artist, according to the Labor Department, earns $50,300 a year. That's $10,000 less than a clerk at the post office (a job Faulkner held as a young man, until he was fired for throwing away mail).

Of course remorse isn't good for the soul; and calling America materialistic is trite.

But as Wassily Kandinsky observed, "The nightmare of materialism, which has turned the life of the universe into an evil, useless game, is not yet past; it holds the awakening soul still in its grip."

Wednesday, February 9, 2022

Con


Con: a ruse used to gain another's confidence.

Merriam-Webster Unabridged Dictionary

Texas is suing a Christian "influencer" for falsely claiming she could cure eating disorders, Insider reports.

The state accuses Brittany Dawn of misleading customers about her expertise and of falsely promising custom nutrition plans she never delivered.

A self-proclaimed "Jesus seeker" with a half million Instagram followers, Dawn also promised customers regular phone check-ins that never occurred and charged them "shipping fees" for emails.

Allegations against Dawn first surfaced in 2019, when followers began to call her a "scammer" on her Facebook page. Their complaints led to an investigatory report on ABC's Good Morning America.

When the heat grew too much to bear, Dawn shuttered her nutrition business and turned to monetizing Jesus, producing hotel shows for vendors of Christian tchotchkes.

    Jesus clears the "den of thieves"

Brittany Dawn is only one of thousands of scammers we innocents encounter on line every day.

They've made the web a den of thieves.

But who was America's first big scammer?

The credit goes to William Thompson, known to history as the original "confidence man."

Operating in New York City in the 1840s, Thompson would dress up as a gentleman, walk up to a wealthy mark on the street, and begin a conversation, as if an old acquaintance. After a minute, Thompson would borrow the mark's watch, then disappear from his life forever.

Thompson's haul each time was considerable. A gentleman's watch in the 1840s cost $4,200 in today's money.

Thompson capitalized on the instinct of the genteel to avoid a faux pas at any cost; in this case, the cost of a fancy watch. His consummate skill at appearing trustworthy earned Thompson the newspaper nickname "Confidence Man," a moniker that quickly became synonymous for scammer; and, in its shortened form con, synonymous for scam.

Herman Melville immortalized William Thompson's nickname in 1857, by using it for the title of a novel. 

The Confidence Man features a cast of characters who are card sharps, stock swindlers and snake-oil salesmen, cheats who Melville thought symbolized all that was wrong with America.

NOTE: The word scam, by the way, entered American usage in the 1960s. Meaning a "trick," scam is a carnival barker's term derived from the 18th-century British word for a "highway robber," scamp.

POSTSCRIPT, FEBRUARY 10. 2022: Axios today announced that Maggie Haberman's Confidence Man, the "book Trump fears most," will be published in October.    

Thursday, January 27, 2022

Values: Masturbatory Marketing


 Greed is not a financial issue. It's a heart issue.

— Andy Stanley

Spotify's unconscionable decision to keep Joe Rogan and drop Neil Young proves what I've long thought about tech corporations' self-professed "values."

They're pure, unadulterated snake oil.

Spotify's video on values includes a Latino marketing manager claiming "we do not approve any sort of campaign that we don't believe in."

How's that for masturbatory marketing?

Obviously, her statement is bullshit—or, worse, Spotify believes in Joe Rogan's relentless antivaxxer messaging.

Let's stop the "values" marketing malarkey and get back to basics. It may play to Millennials, but it's bullshit.

The hard truth is: Spotify believes in one thing and one thing only.

Profit.

Pure and simple.

HAT TIP: Neil Young deserves everyone's thanks for spotlighting Spotify's horrendous hypocrisy. Thank you, Mr. Young.

POSTSCRIPT, JANUARY 29: Since Neil Young's ultimatum to Spotify, his greatest hits album has rocketed into the Top 5 on Apple Music, and Spotify has lost $4 billion in market value."

POSTSCRIPT, FEBRUARY 3: Neil Young has been joined in his boycott of Spotify by Crosby, Stills and Nash.

POSTSCRIPT, FEBRUARY 7: Spotify's CEO confirmed the company won't "silence Joe," even though he spouts the N-word as well as disinformation.

Monday, January 24, 2022

The Lonely Sailor


Privilege implies exclusion from privilege.

— Robert Anton Wilson

Call me a libtard: I don't care much for unbridled privilege.

My closest encounter with it came in the National Gallery of Art on on a March evening in 1998, when I spotted a frantic Bill Gates.

It was Sunday, around 7 pm, and the building was officially closed to the art-viewing public. All the galleries were dark and cordoned off.

I was standing with a friend in the hallway in a long line for an after-hours chamber recital when Gates and his wife walked up alongside us.

They paused at the door of one of the galleries and Gates said, "That's it," pointing at a huge Winslow Homer seascape inside the darkened room. Without thought, he unhitched the velvet rope that blocked the door and shooed his wife in.

A young Black security guard appeared suddenly and said, "Sir, sir, the gallery's closed." "We just want to look at the painting," Gates snapped and stepped into the gallery. The guard repeated his warning to no avail, shrugged his shoulders, and wandered off for reinforcements. Gates and his wife spent five minutes inside the room examining the Homer, then left. The reinforcements never arrived.

The following morning, Gates' DC visit made the headlines of The Washington Post. He was in town to testify on Capitol Hill about Microsoft's monopoly over Internet access.

Two months later, Gates made the headlines again, this time for buying a Winslow Homer seascape for $36 million—in 1998, the greatest price ever paid for an American artist's painting.

Lost on the Grand Banks, the last major Homer seascape in private hands, was believed at the time to be destined for the National Gallery's permanent collection. But Gates got his hands on it first. (He still owns it today.)

I realized why he'd been so keen to examine Homer's seascape in the National Gallery that Sunday evening in March. 

He was planning to buy one of his own.

The thing that galled me (and still does) wasn't Gates' ability to buy a $36 million Winslow Homer, but the notion that he was entitled to let himself into an art gallery—the National Art Gallery—after hours, as if it were his living room.

But, to his mind, it is. After all, he's a man of privilege.

Privilege entered English in the 12th century, derived from the Latin privilegium.

According to the Laws of the Twelve Tables—the source of Ancient Roman law—a privilegium was a right conferred by the emperor on one man, a "law for an individual."

The Romans called the privilegium precisely for what it was: favoritism.

To have privilege today is to be favored, entitled, endowed, advantaged, exempt, immune, or just plain special.

You know, like Bill Gates.

Gates grew up in a privileged household, so his sense of entitlement was strong to begin with. But his runaway success in business no doubt supersized it.

Business success often goes to people's heads, you've probably noticed. Successful business leaders frequently feel they're superior—distinguished from others in their ability and willingness to do endless battle against chill winds and harsh seas. They, the lonely sailors, have singlehandedly brought the boats home. Everyone else is just ballast.

And so we like to say, "It's lonely at the top." One art critic, in fact, has suggested that Bill Gates had to acquire Lost on the Grand Banks because he feels so alone.

"In his bunkered isolation from the rest of us," the critic writes, "the image of the solo sailor is paramount."  

Above: Lost on the Grand Banks by Winslow Homer. 1885. Oil on canvas. 32 x 50 inches. Collection of Bill Gates.

Thursday, November 11, 2021

Tom


Many a man has found his place in the world because of having been forced to struggle for existence early in life.

— Napoleon Hill

Joining the 9-to-5 workforce as a rookie, as I did in the 1970s, can be unnerving.

You immediately learn that it's filled with people like Tom.

I remember encountering numerous Toms in my first 9-to-5 job. 

Jovial, assured and smug, middle-aged Tom glides through his job, the very model of self-confidence. 

Without enemies, Tom gets all the rewards, all the perks, all the bonuses and the big trip to Mexico.

Tom's in control of his destiny.

But within five minutes of getting to know Tom, you realize he's unoriginal and vapid and completely complacent. 

He's pleased by his place in the organization; works minimally; and remains only truly passionate about golf and that new blonde in accounting.

We wonder today, what's wrong with our economy? Why won't Gen Y'ers and Z'ers accept all the plentiful jobs available—and stick with them for more than a year?

We look all over the place for answers, when the answer's obvious.

Gen Y and Z weren't raised, as Boomers were, to tolerate—even celebrate—the Toms of the world.

Boomers were raised to put up with chronic bullshit; to accept that the workplace by nature was discriminatory and that "both cream and scum rise to the top;" and—most importantly—that the Toms earn their comfortable stature in the workplace by dint of tenure, obedience, and affability—and nothing more.

Boomers' parents, children of the Depression who came of age during World War II, taught them those beliefs.

They taught Boomers that struggle at a young age was the law of success; that, in the words of self-help pioneer Napoleon Hill, "far from being a disadvantage, struggle is a decided advantage."

Gen X'ers and Z'ers, on the other hand, were taught Trophy Communism. Struggle is anathema to them. 

As a result, they want it all, and they want it now. 

Gen X'ers and Z'ers are contemptuous of the Toms of the world and content to "sit out the economy" until all the Toms retire.

Saturday, October 23, 2021

Ship of Fools


No one is entitled to be ignorant.

— Harlan Ellison

Investigators this week found that a $2 billion warship burned because no one aboard turned on the fire-suppression system, according to US Naval Institute News.

The USS Bonhomme Richard burned last summer because its crew didn't know how to fight a fire, investigators concluded.

The fire-suppression system could have been activated, and the warship saved, by the push of a single button.

"It is surprising that nobody on the scene knew how to activate the system," a defense expert said.

A number of other missteps, including delays in reporting the fire, a disorganized command response, and a failure to seal off the area where the fire began, only worsened the situation.

The Navy blamed 36 individuals, including five admirals, for the ship's loss.

The incident is the second of its kind in eight years.

The USS Miami, a $ 1.6 billion submarine, burned in 2012.

The fatalist in me says catastrophes like the one aboard the Bonhomme Richard are overdetermined—brought about not by one, but by a "cascade of failures."

You could chalk the disaster up to hubris; but I'm more apt to blame sheer ignorance.

Americans have a romance with ignorance. It's at the bottom of most the errors and bad decisions we make, from investing in subprime mortgages to electing Donald Trump.

Our unfathomable ignorance is inexcusable, given how easy it is to become moderately informed about almost any topic. (Google it.)

Our widespread ignorance is willful, woeful, and thoroughly unconscionable.

We get what we deserve.

POSTSCRIPT: I felt a bit crabby when I penned this post. But less than 24 hours later, Maria Shriver wrote "most people don't want the truth," citing Trump's launch of his new social media platform TRUTH. She's right, by gum.   

Friday, July 9, 2021

Paperwork


What the world really needs is more love and less paperwork.

— Pearl Bailey

I'm awash in paperwork thanks to a surgery back in December. 

Letters, notices, statements, receipts, affidavits, invoices and those curious cryptograms known in healthcare as "EOBs." Scores of EOBs.

"We can lick gravity, but sometimes the paperwork is overwhelming," Wernher von Braun said.

Healthcare is a lot like rocketry.

A surgeon can repair a shattered ankle, but it might not be worth the paperwork.

There's one area of society where we can turn paperwork into a positive, however.

Law enforcement.

Cops often overlook crimes because "it's not worth the paperwork" to process the suspects.

Congress should pass a new law quintupling the paperwork required to process Black suspects.

The Paperwork to Overwhelm Police Officers (POPO) Act would do more to cure systemic racism in law enforcement than any defunding program.

Congress, you listening?

The people demand it.

The American Forest & Paper Association should, too.

AboveClip Art. Print by Adam Hilman.

Wednesday, June 23, 2021

At My Earliest Convenience


I can neither pinpoint the origin nor attribute the first use of the expression "at my earliest convenience." 

But I can say with authority it makes me scream to hear it.

And I hear it all the time.

Sure, common expressions regularly creep into the nonsensical, and no one bats an eyelash.

People once said, "I couldn't care less," to express indifference. 

Now they say, "I could care less."

They say "irregardless," when there's no such word.

They say "my kids' PJs are inflammable," unaware they're upsetting child protective services.

Those slips are innocuous.

But this bastardization of language is different.

It's tactless, malicious, officious and moronic. Obnoxious. Inhospitable. Boorish. Befuddling. And most of all, belligerent.

When did it creep into use? 

And why didn't somebody stop it?

When I hear "at my earliest convenience," I hear "me, me, me—it's all about me."

Screw you.

The blog Grammarly would excuse innocent users of the expression, claiming the phrase "sounds impolite" but hardly amounts to a "grievous business faux pas."

Wrong.

It's a grievous business faux pas. 

Use of the phrase should be punishable by imprisonment.

Recurring use, by hard labor.
 
Customer service in America has already tied for last place with customer service in Stalinist Russia. 

In the present environment, I don't need to hear that you'll get back to me at your earliest convenience. 

That says "never." 

As in, "Get lost. Take a hike. Go, and never darken my towels again."

Grammarly recommends business people who use the phrase "at my earliest convenience" alter it slightly to be more specific. 

"Please leave your name and number and I'll get back to you within 178 hours." 

I recommend they go jump in a lake.

Now. 

When it's convenient to me.

The customer.

POSTSCRIPT FOR EMPLOYERS: Create a document for your employees like the one found here. Threaten them with dismissal for any use of "at my earliest convenience."

Tuesday, June 22, 2021

Free Lunch


There's no such thing as a free lunch.

— Milton Friedman

Pioneers of the "loss leader," late-19th-century saloonkeepers offered thirsty customers "free lunch."

Economist Milton Friedman popularized the term a century later by propounding that "there's no such thing as a free lunch." (He didn't coin the expression. He swiped it from critics of the New Deal.)

But when it comes to tasty business clichés, Friedman was wrong. 

Below is a free smorgasboard of them.

We use them every day. 

Who'd have thought what these terms originally meant?

Across the board
In the 19th century, racehorses' odds were displayed on "tote boards" (huge calculators) at the track. When a gambler wanted to back a horse to win, place or show, he placed a bet "across the board."'

The Big Cheese himself,
William Howard Taft
Big cheese. In colonial India, Hindus used the word chiz to mean "thing." British soldiers simply added "big" when a thing was important. The term wasn't applied to people until 1911, when President William Howard Taft appeared at the National Dairy Show in Chicago, where he was invited to slice up and sample an enormous wheel of cheese. As a result, the 350-pound Taft became the world's first "big cheese."

Coach. In the 19th century, you took a coach when you wanted to get somewhere fast. Schools began to use the term to denote tutors, who accelerated students' learning.

Dead wood. Shipbuilders in the 16th century often placed loose timber blocks in the keel of a ship as ballast. Sailors called the excess cargo, which slowed the ship down, "dead wood."

Even steven. The first Afrikaners called an English penny a "steven." When they settled a debt, they would say they were "even steven."

Facilitate. In the 13th century, English speakers borrowed the French verb faciliter, which means to "ease," and turned it into a noun. Facility meant "gentleness." If you're gentle, you don't boss people around. You coax them.

Guinea pig. When a Brit volunteered for jury duty in the 18th century, he received the nominal sum of a guinea a day for his time. If he longed for better pay, he'd join the King's Navy, where a "Guinea pig" was a novice sailor.

Hard and fast. An 18th-century ship that was stuck was "hard." A ship in dry dock was "hard and fast."

Irons in the fire. To do the job right, a 14th-century plumber had to keep several hot irons at the ready all the time. How else can you connect lead pipes?

Draco
Kill with kindness. The Ancient Greek lawmaker Draco was beloved by Athenians. To prove their adoration, they showered him with their cloaks—too many cloaks—when he appeared at the Aeginetan theater in 590 BC. Poor Draco was smothered. What a way to go! (I almost said "What a way toga.")

Lame duck. An 18th-century member of the London stock exchange who couldn't meet his obligations on settlement day was said to "waddle" out of Exchange Alley, mortified.

Mentor. Before he left home for the Trojan War, Ulysses chose his friend Mentor as an advisor to his son Telemachus.

The naked truth. An ancient fable holds that Truth and Falsehood went for a swim. Falsehood stole Truth's clothes. Truth refused to take Falsehood's clothes, and so went naked.

Okay. Like President Trump, Andrew Jackson couldn't spell. On day he spelled "all correct" as "oll korrect." The misspelling became an acronym that political enemies seized on, in order to mock Jackson. The gag worked, because "OK" rhymed with the Scottish expression "Och aye," meaning "Oh, yes."

9th-century taxpayer
Pay through the nose. In the 9th century, Ireland was occuoied by Danish invaders. The invaders placed a much-hated real estate tax on the Irish that was known as the "Nose Tax." If you failed to pay the ounce of gold due, the Danes slit your nose.

Take a rain checkBaseball first became popular to watch in America in the late 19th century. You received a voucher, good for future admission, any time a game was called on account of rain.

Skin in the game. Australians called an English pound a "skin" in the early 20th century. Gamblers liked to "put skin in the game." In a so-called "skin game," innocent players were cheated by sharpers.

Tip. In the 17th century, English speakers borrowed the German verb tippen, meaning to "touch," to denote a "gift." Your could make a gift of money (a "tip") or a gift of information (also a "tip"). The story about signs over tip-jars reading "To Insure Promptness" is pure baloney, invented by cartoonist Robert Ripley.

Upper crust. Pies were symbols of society in the Middle Ages. The top crust represented the aristocracy.

Wild Alpine Burdock
Velcro. Swiss engineer George de Mestrel invented Velcro in 1941, after noticing that the burrs of the wild Alpine burdock stuck to his pants. He named his invention after velours crochet, French for "velvet hook."

Worth your salt. Ancient Roman soldiers were paid monthly, sometimes in money and sometimes in salt. Their allowance was called a salarium. Sal is Latin for "salt."

Yahoo. Before the search engine, Yahoo was the name of a race of louts, "the most filthy, noisome, and deformed animals which nature ever produced." The novelist Jonathan Swift dreamed them up when penning Gulliver's Travels in 1726. In 1995, the search engine's inventors borrowed the name, because they thought Swift's description of the Yahoos also described them.

Goodly. "Goodly" combines good with -ly. It was coined by yours truly in 2016 ("Bigly" was already taken). So now you know.

19th-century racetrack "tote board"

Friday, June 18, 2021

One Job


Is leadership possible without a purpose larger than ambition?

― Doris Kearns Goodwin

When my last manager drove me to quit a great company, little did I know I was in the majority.

Only six months later, Gallup asked a million employees why they'd quit their jobs and found the Number 1 reason to be the manager.

Seventy-five percent of employees who quit did so from sheer contempt for bossypants.

My manager was pretentious, narcissistic and bewitched by her own—and her betters'—power. She was a vestige from an acquisition and completely unlike her home-grown, more admirable, peers. I was unlucky enough to work for her—until I quit. It was a hard choice, but unavoidable.

A manager has one job. One. That's to, as Jean-Luc Picard always said, Engage!

The managers who shouldn't be managers don't get that. They can't. They only get blind ambition.

But ambition has nothing to do with being a manager.

Manager, meaning "one charged with conducting a house of business," came into English from the Italian maneggiare in the 14th century. Maneggiare means "to handle," especially with regard to teams of horses (maneggiare came the Latin manus, meaning "hand").

A manager acts as the "hand" that guides the business. 

She's there to direct work, neither "hands on" nor "hands off."

Her handiwork should be to engage, not to command, demand, or reprimand; and certainly not to manipulate, mandate, or manacleMore like to emancipate—in Latin, "to take someone by the hand."

"People leave managers, not companies," Gallup concluded from its million-person study.

When will companies come to grips with that?

Friday, May 28, 2021

Comparing

Look for the similarities, not the differences.

— Alcoholics Anonymous

AA members believe "comparing" is the sure path back to the bottle. 

Comparing leads the drunk to minimize his problem-drinking ("I was never as bad as he was") and exaggerate his ability to control his drinking ("He drank every day; I'll only drink on weekends").

Instead, the drunk is supposed to "identify" with fellow members—accept that he's also an alcoholic and admit he can't control his drinking (it controls him).

My experience working with hundreds of different businesses has taught me that comparing—in AA's sense—is one of executives' worst habits—and an equally certain path to self-defeat.

I'd be rich if I had a dollar for every time an executive told me "we're different" (a statement often followed by "we're the industry leader").

Business strategists would call that attitude "optimism."

I call it drunk-think

Executives who believe "we're different" are drunk, drunk on a special flavor of Kool-Aid known as "Cheery Red." 

Drinking too much of it causes comparing.

For a decisionmaker, that's a terrible self-handicap.

Drinking too much Cherry Red, like drinking too much alcohol, blurs vision, slows cognition, and impairs judgement. 

And, like drinking too much alcohol, drinking too much Cherry Red can bring on denial—even deliria.

You hear examples of drunk-think in businesses every day. 

"That's unnecessary."

"That's untested."

"That can't be done." 

"We tried that, it doesn't work."

"That's too expensive." 

"That's too risky." 

"That's fine for other companies."

"That's for start-ups."

"That's for losers."

"That's irrelevant."

"I've never heard of that."  

"That's not how we do things here."

Drunk-think distorts reality because it's always way-too overconfident. 

Like the abusive drinker who believes he's different—that he can control his drinking—the executive afflicted by drunk-think believes that, compared to others, he is awesome—he can pull it off. He's peerless, after all, exempt from the ordinary constraints all his competitors suffer; exempt from the laws of economics, too. He has no need to rock the boat; challenge the company status quo; look outside for new ideas; or adopt others' proven strategies. He only needs to stay calm and carry on.

Eventually, drunk-think will take its toll on the executive. 

He may not destroy the company car, but he's sure to destroy the company's value.

Saturday, September 12, 2020

The Unbearable Power of Stupid



Stupid is a great force in human affairs.

— P. J. O'Rourke

Human history is rife with stupid. 

Stupid's sway is sometimes unbearable.

In warfare, medicine, governance, engineering and product design, stupid can be tragic; but in big business the sway of stupid can be the stuff of comedy, as these four Hollywood tales make clear:

Too slow

In 1939, Eddie Mannix, an executive at MGM, insisted "Somewhere over the Rainbow" slowed the opening of The Wizard of Oz and offered a brilliant idea during the edit: cut the song. But the film's two producers threatened to quit, if the three-minute song were removed, and Mannix relented.

"Somewhere Over the Rainbow" won that year's Oscar for best original song and became Judy Garland's signature tune.

Too long

In 1961, Martin Rankin, an executive at Paramount, insisted Breakfast at Tiffany's was running too long during the edit, and offered a brilliant idea: cut "Moon River." But the director, actor, and composers objected so strenuously, Rankin relented.

The two-and-one-half minute "Moon River" earned the composers the Oscar for best original song that year and ranks today as Number 4 in the American Film Institute's list of top film songs.

Too weird

In 1985, a cadre of Columbia executives signed a 35-page memo insisting the title of director Joel Schumacher's new film was weird, and offered a brilliant idea: change St. Elmo's Fire to The Real WorldSchumacher, uncertain he'd win his way, in turn instructed the film's composers to omit from the theme song's lyrics any reference to the movie's title. But the composers ignored him.

"I thought the title fit in the song," lyricist John Parr said. "In the movie, St. Elmo's is a bar. But to me St. Elmo's Fire is a magical thing glowing in the sky that holds destiny to someone. It's mystical and sacred. It's where paradise lies, like the end of the rainbow."

"St. Elmo's Fire" hit Number 1 on Billboard's Hot 100 Chart after the film's release, and remains a favorite 35 years later.

Too boring

In 1989, Disney chairman Jeffery Katzenberg insisted the three-minute ballad "Part of Your World" was "boring," and offered a brilliant idea: cut the song from The Little Mermaid. But Katzenberg relented when the two directors, the lyricist, and the animator hit the ceiling.

"Part of Your World" is today considered a classic Disney tune and the film's hallmark song. It's also thought to have inaugurated the "Disney Renaissance" and Disney's "Broadway Age."

P. J. O'Rourke is right.

Stupid is indeed a great force—maybe the greatest—in human affairs.
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