Wells Fargo is presenting what sounds like great results even while building up a system almost guaranteed to collapse if the real estate market begins to fall.
Business
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Who creates value in a firm? Is it the CEO? Lee Raymond thinks so.
You've probably heard that Lee Raymond, ex-CEO of Exxon, was given a half-billion-dollar retirement package that amounts to about $144,000/day for his great work. You go, Lee. It always amazes me to deal at lower levels of organizations where, as Leona Helmsley would...
Do ‘open loops’ push multi-tasking into overwhelm?
I have several important projects on my "to do" list. Instead, I'm typing on my BLOG. I'm making phone calls for my business school reunion. Everything except what I "should" be doing. Just the thought of the projects leaves me dizzy. But why? When I have a hundred...
My friend Andy can tell you everything about Blogs you ever wanted to know!
My friend Andy Wibbels just published a book on BLOGging that's already made it to #1 on some of the Amazon lists. Check him out at: http://andywibbels.com/post/1093
The Fortune 500: Blessed are those who Waste on a Spectacular Scale
I just received my copy of Fortune. It's Fortune 500 time once again. I often hear businesspeople speak of landing the Fortune 500 as clients. Browsing the list, I suddenly realize why. The Fortune 500, culturally, simply have so much money that they've lost all...
Are engineers living on another planet? Don’t they use their software?
Ok, I admit it. I spent 17 years as as engineer before going to business school and becoming a dyed-in-the-wool non-techie. It's hard to remember the years as a programmer, rather like trying to remember early childhood. My brain was just too different back then. My...
The eyes have it… Body language and the Body Politic
Last night (April 7, 2006) we were watching Scott McClellan in the White House press room responding to an onslaught of questions from reporters about leaks, classified information, and whether President Bush has declassified information for his party's political gain...
What is Viral Marketing? (What the buzzwords mean, and why not to use them)
Viral marketing has become such a common buzzword it almost has the status of a real world. You can tell it’s still a buzzword, though, since it’s used largely without regard for its meaning. Here’s how to tell the difference between real viral marketing and simple PR fluff.
Losses and Responsibility: How everyday business language lets us engage in accounting…deception.
The very language we use to talk about business issues lets us engage in psychological denial of accounting … creativity.
What is Leverage? What the buzzwords mean and why not to use them.
“Leverage” has become quite the overused buzzword. Here’s what it actually means and why not to use it.