Mark Van Clieaf is all for paying someone for what they are doing but he believes that CEOs are delivering only short-term value, at the expense of the company’s long term viability. And, if his numbers are correct, most US CEOs aren’t even delivering short term value: their companies are not making more than they are spending.
Mark Van Clieaf recently sent me an article he’s written (“Executive Accountability and Excessive Compensation: A New Test For Director Liability”). He and his colleagues have done a study of 700 Fortune 500 companies — representing 80% of the US stock market — and found some troubling things about CEO compensation and even the entire executive team and Board. It …
Writing about Çatalhöyük has led me to do some other reading, which led me to the Llanos de Moxos of the Beni in Bolivia. It’s amazing: a massive culture that stretched around the size of the Midwest of America but that not too many people talk about. Science had an interesting article about William Denevan’s work in the Beni. There’s …
Science had a great article on Çatalhöyük (there are various spellings) a few years ago that reviews the latest research, as of 1998 [“THE FIRST CITIES: Why Settle Down? The Mystery of Communities”, DOI: 10.1126 / science.282.5393.1442]. There’s even a website of the latest excavations at Çatalhöyük. Be warned, though: it’s not that exciting. The Science article should keep your …
Both formal structural organizational methods and informal, emotive and emergent methods must be fostered to have a firm that not only invents but innovates.
From Brown and Duguid’s The Social Life of Information Well, duh. Wish I had thought of that. The current cry for “cross-functional teams” results from the inability of the organization to manage its divisions. The local divisions will occur in any group that gets larger than about 12. Put fifty people in a church even and you will get a …
I spent most of yesterday sidetracked on Carroll Quigley. All I wanted was to get a small reference about Milner’s Kindergarten because I realized that I had come up with an idea for changing the world that suspiciously resembled it. In one of the more rational articles, “From Mesopotamia through Carroll Quigley to Bill Clinton: World Historical Systems, the Civilizationist, …
Does rank and yank really work? One of the fundamental needs of rank-and-yank management is identifying weak performers. When top management presses managers to identify more, what group do you think they take from? University of Chicago researcher and social network analysis expert, Ronald S. Burt, discovered who in his network analysis at one firm: In the annual cycle preceding …
There’s an interesting article about Elliott Jaques’s work in Australia (“Come back Elliott Jaques, all is forgiven” By Helen Trinca, in Financial Review BOSS [Australia]). It includes a review of Julian Fairfield’s book, Levels of Excellence, a copy of which Glenn Mehltretter of PeopleFitgraciously provided to me when I met with him recently down in Raleigh. I’ve enjoyed the book, …
A new study of 100 manufacturing companies in France, Germany, the United Kingdom, and the United States supports the view that IT expenditures have little impact on productivity unless they are accompanied by first-rate management practices.………………..Companies should first improve their management practices and then invest in IT. — from “When IT lifts productivity” by Stephen J. Dorgan and John J. …
