Makers and Takers: The Rise of Finance and the Fall of American Business, Author: Rana Foroohar.
By Rana Foroohar – Profits at big companies are down—but CEO pay is up.
For the last couple of years, corporate earnings have been flattening out, as Main Street has struggled along in the longest, weakest recovery of the post World War II era.
The key word there is performance. Performance pay is typically awarded in stock options, which have special tax benefits, thanks to changes in how executive pay can be doled out made in the 1990s.
And that gets us to the record number of share buybacks that have been pulled off by corporations in the U.S. over the last couple of years. Buybacks, which essentially involve companies buying up their shares on the open market, jacks up the price of the stock.
The result is a market that goes up, and enriches the 10% of the population that owns 80% of the stock (and particularly lines the pockets of the C-suite), but no real change in the underlying corporate growth story (witness those falling profits). more> http://goo.gl/oTja3c
Posted in Banking, Economy, Education, History, Leadership, Media, Regulations
Tagged Banking reform, Capital, Financialization, Leadership, Regulations, Stock buyback, United States
By Mitch Maiman – Mistakes are a part of life and certainly part of the learning process.
Here are some of the key mistakes observed in hundreds of product development teams.
In the heat of the project, it is easy to lose sight of the complete nature of the requirements that need to be driven into the product being developed. Often, these oversights are not discovered until late in the development process. The design may be so far along that missing features cannot practically be incorporated.
Best case, correcting for the missing requirements may be quite costly in terms of schedule or development budget. Missing requirements can play havoc with trying to control product cost projections, as well. more> http://goo.gl/xcA5vR
Posted in Business, Education, How to, Product, Science, Technology
Tagged Business improvement, Jobs, Product development, Productivity, Skill, Test & measurement