See You Next Month
I may post again today, but really, I've got to pack.
Off on a no-Internet vacation through the end of the month.
Musings on the world-wide movement for ethical business, frugal marketing, and how honesty, integrity, and quality combine with deep relationship building to create business success. By the originator of the Ethical Business Pledge campaign and award-winning author of Principled Profit: Marketing That Puts People First and five other books
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I may post again today, but really, I've got to pack.
Marketplace Radio reports that a company called Brocade Communications is the first to be charged in the latest business ethics scandal wave--back-dating stock options to inflate their gain. The first of many, I suspect. The backdating of stock options is apparently rampant, as I've written in the past. You pass a Sarbanes-Oxley and the crooks figure out something new.
Remember the Heisenberg Uncertainty Principle from high school physics? It's the idea that the act of observing something can alter the organisms or events being observed.
Too often the media plays patsy and is meek in the face of challenge, as was the case with the reporting on the events leading up to the war in Iraq. Or it trails intrepid government inquisitors such as Elliott Spitzer. Or it gets the story wrong -- weapons of mass destruction, President Bush's National Guard record. Or lies about it -- Jayson Blair, Jack Kelley
On the business front, the media lagged inquiry on just about every corporate scandal in recent memory; its business is to break news, not merely report it.
Yeech! I just signed on to approve one comment and found 65 in my box. 63 were spam and two were legit. I marked them all as spam and hopefully won't ever see another subject line of "buy Valium." What do these people think they're going to accomplish by spamming a blog that moderates posts?
Here in Massachusetts, the failure of the massive road project in central Boston known as the Big Dig has been front-page news for about a week. A recently-married motorist was killed when a tunnel ceiling collapsed on her car; her husband managed to crawl out a window and escape.
Want to learn about corruption and influence-peddling on the House Appropriations Committee--one of the very most powerful committees on the whole of Capitol Hill?
My good friend and colleague Bob Burg, author of Winning Without Intimidation, recommended Robert ringer's newsletter. I was surprised, since Ringer is best known as the author of Winning Through Intimidation.
You may also like this site: http://www.consortiumnews.com/: Easily scannable word and natinal headlines and articles from a progressive-politics viewpoint.
It doesn't seem fair--all these years before the trial, Lay and Skilling found guilty...and then, because the verdict was under appeal, Lay's record is apparently to be cleared (at least in the legal system) just because he happened to drop dead.
Lay also defended his extravagant lifestyle, including a $200,000 yacht for wife Linda’s birthday party, despite $100 million in personal debt and saying “it was difficult to turn off that lifestyle like a spigot.”
KING: Because I mean you knew it pretty well from Texas, right? BUSH: Pretty well, pretty well. I've known him -- I got to know him. People don't believe this but he actually supported Ann Richardson in the '94 campaign...Yes, he's a good guy and so what I did -- then did was we had a business council and I kept him on as the chairman of the business council and, you know, got to know him and got to see him in action. One of the things I respected him for was he was such a contributor to Houston's civil society. He was a generous person. I'm disappointed that, you know, that there was -- betrayed the trust of shareholders.
We were competing with the very best and biggest companies in the world for the best talent and they loved working at Enron just like I did. But I grieve for all that they've lost and we, I mean even having lost what we've lost, I mean we are so much better off. My family is so much better off than most of them and it just, it pains me each and every day of my life.
Looks like famous hatemonger Ann Coulter doesn't always write her own stuff. A very informative article in the New York Post (owned by Rupert Murdoch, last time I checked, and not exactly a bastion of liberalism) documents at least three instances of cribbing in her latest book, "Godless," and numerous more instances in her columns.
One 25-word passage from the "Godless" chapter titled "The Holiest Sacrament: Abortion" appears to have been lifted nearly word for word from Planned Parenthood literature published at least 18 months before Coulter's 281-page book was released.
The poster boy for crooked business, Enron's Kenneth "Kenny Boy" Lay, died today, just a few weeks after he was found guilty in the massive fraud/ethics case.
Bush also told federal prosecutors during his June 24, 2004, interview in the Oval Office that he had directed Cheney, as part of that broader effort, to disclose highly classified intelligence information that would not only defend his administration but also discredit Wilson, the sources said.
An excellent article describing the Bush Administration's various major usurpations of power. Long but worth the read. From last week's New York Review of Books.