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  • 1.  The Financial crash that started in 1965

    Posted 04-06-2009 04:36
    Gee, youall (excepting Fred Nickols) sound like U.S. Congress persons. 
     
    What have YOU been teaching for the last 40 years?
    How many F's have you given out to those who claimed that the primary measure of enterprise achievement was quarterly profits? 
    How many of you emphasize the Drucker measures of Market Standing, Productivity, Innovation and Liquidity?
     
    How many of you have asked why Wagoner was fired while the CEO of the US Postal Service is paid more than $500K per year ($847K in 2008) while being bailed out to the tune of a couple a billion dollars EACH year?
     
    Looking forward is the better response. How about posting on this forum your lists of remedies that YOU will vigorously pursue? Which curricula revisions are essential (every management curricula I have seen in 50 years is woefully lacking in at least two subjects, axiology and systems thinking, feeling and doing).
     
    With just a little talent in systems you would have noticed the Community Reinvestment Act, then Clintons reduction of capital reserve levels, then the Ponzi scheme known as Fannie Mae and Freddie Mac. Then Acorn threatening mortgage lenders in cities around the country. As long as the U.S. was on a long economic boom this Ponzi scheme didn't crash (although it was obvious) but when economic growth inflected in the mid-70's then the unraveling started. Funny how Congress tells us that Wall Street and Madoff are the bad guys.
     
    Perhaps you should add one more course in your catalogs --- how to select your political representatives. Seems that the talent it takes to win an election is not the talent it takes to do a good job afterward.  And this is close to home because most of us know that in most businesses VP's and above don't get promoted, they get elected.
     
    Onward,
    Jack Ring


  • 2.  The Financial crash that started in 1965

    Posted 04-09-2009 02:19
    Robber Barons are a historic, endemic, pandemic aspect of business. Crazed socialist intervention in the business and market processes seems to be working toward firing multi-millionaires from the onerous task of showing up most week-days, and foregoing a few million in bonuses. How many millions do you have to have to live "comfortably" in the USA, to the level of "I'm fired; so what?" I'm not there yet so could only venture a wild guess.

    I look at the U.S. Congress and see, "Yeah, I couldn't make it in the business world,  but now I'll show those arrogant millionaires who control their own jets instead of having to beg a free ride from the military who's the boss now."

    Regards,
    Romie Littrell
    Do not accustom yourself to use big words for little matters.
    -Samuel Johnson
    Romie F. Littrell, BA, MBA,PhD, FIAIR, An fánaí fiáin
    AUT Business School N.Z., romie.littrell@aut.ac.nz
    http://www.romielittrellpubs.homestead.com/
    http://www.crossculturalcentre.homestead.com/
    Facilitator, Leadership & Management in Sub-Sahara Africa Conferences
    Contents copyright Romie F. Littrell

    --- On Mon, 6/4/09, Jack Ring <jring@AMUG.ORG> wrote:
    From: Jack Ring <jring@AMUG.ORG>
    Subject: The Financial crash that started in 1965
    To: MG-ED-DV@AOMLISTS.PACE.EDU
    Date: Monday, 6 April, 2009, 8:36 PM

    Gee, youall (excepting Fred Nickols) sound like U.S. Congress persons. 
     
    What have YOU been teaching for the last 40 years?
    How many F's have you given out to those who claimed that the primary measure of enterprise achievement was quarterly profits? 
    How many of you emphasize the Drucker measures of Market Standing, Productivity, Innovation and Liquidity?
     
    How many of you have asked why Wagoner was fired while the CEO of the US Postal Service is paid more than $500K per year ($847K in 2008) while being bailed out to the tune of a couple a billion dollars EACH year?
     
    Looking forward is the better response. How about posting on this forum your lists of remedies that YOU will vigorously pursue? Which curricula revisions are essential (every management curricula I have seen in 50 years is woefully lacking in at least two subjects, axiology and systems thinking, feeling and doing).
     
    With just a little talent in systems you would have noticed the Community Reinvestment Act, then Clintons reduction of capital reserve levels, then the Ponzi scheme known as Fannie Mae and Freddie Mac. Then Acorn threatening mortgage lenders in cities around the country. As long as the U.S. was on a long economic boom this Ponzi scheme didn't crash (although it was obvious) but when economic growth inflected in the mid-70's then the unraveling started. Funny how Congress tells us that Wall Street and Madoff are the bad guys.
     
    Perhaps you should add one more course in your catalogs --- how to select your political representatives. Seems that the talent it takes to win an election is not the talent it takes to do a good job afterward.  And this is close to home because most of us know that in most businesses VP's and above don't get promoted, they get elected.
     
    Onward,
    Jack Ring