Cracks in Shareholder Mantra

Cracks in Shareholder Mantra

Last week I saw a TED video where Nich Hanauer warned the wealthy 1% to alter their thinking about capitalism or face pitchforks. This week McKinsey came out with their 50th anniversary “magazine” where Nick Hanauer proposed capitalism needs rethinking. Unilever’s chief executive also said the capitalism needs to evolve. Then there were a couple…

Paying Bills

Paying Bills

Today an incident happened that reminded me of the times when I used to work for a Dutch IT company that will remain nameless. Apparently there were some overdue bills and the vendor was kind enough to let us know the date of expected payment or face delayed services. My boss wanted me to devise something…

Need to include ALL stakeholders

We need a new value system

Last week, a well-known writer wrote an article where he basically said, “businesses are in the business of maximizing shareholder value and just that.” Oh, really? What about customers? Businesses are not in the business of producing products or services that customers will buy? What about your communities and the surrounding environment? Maybe you don’t believe…

Abstract - Inversion Taxes

Inversion Taxes – a New Kind of Trick to “Improve” the Bottom Line

There’s a new financial trick going on whereby a company acquires a foreign company and then moves headquarters to the foreign country where taxes are lower. So instead of doing the hard work of improving the business by delivering what customers want at a sustainable price, corporations do financial shuffling of headquarters. The problem is:…

Breezy Insouciance

The Need for Patience

Lately, I’ve been practicing drawing and “painting” on my iPad app called Paper 53. I stare at the blank page wondering if I will be able to draw the subject. In the beginning, nothing goes well…the eyes, nose and mouth are out of alignment, the head may be too big or too small, the body…