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	<title>Jerk Bosses I Have Known &#187; Limelight</title>
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		<title>Which Came First the Politician Or the &#8230;..</title>
		<link>http://www.jerkbossesihaveknown.com/735/politician/</link>
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		<pubDate>Tue, 24 Aug 2010 10:02:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.jerkbossesihaveknown.com/?p=735</guid>
		<description><![CDATA[<br /><br />It is often attributed that if the first profession or first means of work were prostitutes then politicians came second Yet one wonders where the role of bosses or that of supervisor staff came into play or into the limelight ????? At the worst it could be said that at least the women of the [...]<br /><br /><br /><br />]]></description>
			<content:encoded><![CDATA[<p>It is often attributed that if the first profession or first means of work were prostitutes then politicians came second</p>
<p>Yet one wonders where the role of bosses or that of supervisor staff came into play or into the limelight ?????<br />
At the worst it could be said that at least the women of the night are performing an important social function and have some value in life , and as well are performing an honest days work</p>
<p>Not so with most politicians ( especially the current crop) and most bosses or supervisors</p>
<p>It might be well said that America and American politicians are not involved in a true &#8220;democracy&#8221;<br />
I voted Republican / Democrat because my father / pappy did is the  refrain of most</p>
<p>It can be said that the situation is not unlike that in a country town with two drugstores</p>
<p>Troublesome customers can go back and forth between the two establishments with their imagined woes</p>
<p>On top of that , when problems arise ( as they are bound to do in life) , the customer can go to the &#8220;other one&#8221; to come back later</p>
<p>Thus if problems do happen on the job , or in interactions the establishment / management is never held to task or asked to be truly accountable</p>
<p>Some form of management</p>
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		<title>Write Me a Memo</title>
		<link>http://www.jerkbossesihaveknown.com/710/write-memo/</link>
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		<pubDate>Sun, 13 Jun 2010 11:55:37 +0000</pubDate>
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		<guid isPermaLink="false">http://www.jerkbossesihaveknown.ryeglasses.com/?p=710</guid>
		<description><![CDATA[<br /><br />Some interesting points for management on &#8220;how to send a memo&#8221; It might be said that the purpose of a memo often is to show staff  &#8220;who is boss&#8221; or alternatively put to make an appearance to either pretend that the writer is around important  or is around or in the limelight In many cases   [...]<br /><br /><br /><br />]]></description>
			<content:encoded><![CDATA[<p>Some interesting points for management on &#8220;how to send a memo&#8221;</p>
<p>It might be said that the purpose of a memo often is to show staff  &#8220;who is boss&#8221; or alternatively put to make an appearance to either pretend that the writer is around important  or is around or in the limelight</p>
<p>In many cases   ( if not most) , the writer of the memo should either of stayed in bed or followed the adage &#8211; attributed to Abraham Lincoln that it is better to keep one&#8217;s mouth shut and have people think that you are an idiot rather than open one&#8217;s mouth and reaffirm this. (paraphrased)</p>
<p>Here are some points and pointers for writing a memo dealing with &#8220;legal opinions&#8221;.  Follow these and check out , as well as verify if any of  the current memos that you have received or been the victim of have followed these rules and precepts ?</p>
<p>Remember the adage &#8220;I am the Boss and the rule are mine&#8221;</p>
<p>Its not all unlike a two year old holding in their bowel movements as a show of force</p>
<p>1) Don&#8217;t lapse into gibberish intelligible only to your occupational species</p>
<p>2) Don&#8217;t write in the abstract to &#8220;Everyman&#8221;".  Picture your readers and write to them as you would explain the situation for their specific applications</p>
<p>3) Don&#8217;t bury important ideas in long sentences and paragraphs</p>
<p>4) Don&#8217;t simply restate a law or the contract&#8217;s wording.  Make application to the question at hand</p>
<p>5) Don&#8217;t make the reader look elsewhere for contract details to understand the basic message</p>
<p>6) Lastly do not be wordy.  Cut the legalisms from your memo;  redundant synonyms ( last will and testament, maintenance and upkeep, null and void):  ready made subject introductions that could fit into any number of opinions on the same subject matter , unnecessary quotes that you could paraphrase, formal -isms  ( party of the first party) ,   plain old everyday repitition</p>
<p>The list goes on and on</p>
<p>Ultimately it must be always remembered and noted &#8211; most memos are seldom read or at the best given one short cursory look over</p>
<p>It is as if the person the person who writes the memo does so to hear themselves &#8220;talk&#8221;  not to make any valid or useful point or add value to the conversation or to the world</p>
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		<title>Lord Help Us</title>
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		<pubDate>Mon, 08 Mar 2010 06:34:53 +0000</pubDate>
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		<guid isPermaLink="false">http://www.jerkbossesihaveknown.ryeglasses.com/?p=629</guid>
		<description><![CDATA[<br /><br />And you wonder why the North American economy is in such trouble ? It continues to be an amazement that in comparison to most of the rest of the world America is looked up to as the model of efficiency and effectiveness &#8211; productivity that most other places in the world can only look up [...]<br /><br /><br /><br />]]></description>
			<content:encoded><![CDATA[<p>And you wonder why the North American economy is in such trouble ?</p>
<p>It continues to be an amazement that in comparison to most of the rest of the world America is looked up to as the model of efficiency and effectiveness &#8211; productivity that most other places in the world can only look up to and emulate.  It reminds one of Winston Churchill&#8217;s remark that &#8220;Democracy is the worst form of government by far&#8230;. except for the others&#8221;.</p>
<p>If what we all put up with in terms of doing our jobs in spite of management , red tape and government bureaucrats who just smile , implement &#8220;strict privacy laws&#8221;  which seem to have great penalties &#8211; but are only applied to taxpayers and citizens &#8211; while not being applied in any measure to the day to day activities of those same departments.</p>
<p>Appeal treatment , you may get reams of policy statements , your rights as a taxpayer , ratepayer etc etc, yet the agencies have &#8220;Ombudsman&#8221;   to deal with such issues.  Yet these individuals are part of the whole same system , who want to stay out of the limelight , keep their budgets and obtain their valued promotions and raises.  It seems they can not be counted on any in any manner to step out of line and do &#8221; the right thing&#8221;  Its all one giant game .</p>
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		<title>Go Figure &#8211; It Takes to Tango &#8211; Go Figure</title>
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		<pubDate>Sun, 05 Apr 2009 15:25:17 +0000</pubDate>
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		<guid isPermaLink="false">http://www.jerkbossesihaveknown.ryeglasses.com/?p=456</guid>
		<description><![CDATA[<br /><br />LITTLE of the ire against outsize C.E.O. paychecks has been aimed at the people who signed off on them: corporate directors. Instead, the anger has been concentrated on the executives themselves, particularly those running companies at the heart of the financial crisis. And boards — thrust into the limelight only rarely, as when the directors [...]<br /><br /><br /><br />]]></description>
			<content:encoded><![CDATA[<p>LITTLE of the ire against outsize C.E.O. paychecks has been aimed at the  people who signed off on them: corporate directors.</p>
<p>Instead, the anger has been concentrated on the executives themselves,  particularly those running companies at the heart of the <a title="More articles about the credit crisis." href="http://topics.nytimes.com/top/reference/timestopics/subjects/c/credit_crisis/index.html?inline=nyt-classifier">financial  crisis</a>. And boards — thrust into the limelight only rarely, as when the  directors of the <a title="More articles about the New York Stock Exchange." href="http://topics.nytimes.com/top/reference/timestopics/organizations/n/new_york_stock_exchange/index.html?inline=nyt-org">New  York Stock Exchange</a> were in a legal battle over the pay collected by <a title="More articles about Richard A. Grasso." href="http://topics.nytimes.com/top/reference/timestopics/people/g/richard_a_grasso/index.html?inline=nyt-per">Richard  A. Grasso</a> — have managed to stay in the background.</p>
<p>The exchange’s board “really took a lot of heat for that controversy,” says  Sarah Anderson, an analyst on <a title="More articles about executive pay." href="http://topics.nytimes.com/top/reference/timestopics/subjects/e/executive_pay/index.html?inline=nyt-classifier">executive  pay</a> at the Institute for Policy Studies in Washington. “But so far, with  this crisis, I don’t feel like boards have been getting as much attention as  they should be.”</p>
<p>Last spring, the House Committee on Oversight and Government Reform examined  pay practices at <a title="More articles about Countrywide Financial Corporation." href="http://topics.nytimes.com/top/news/business/companies/countrywide_financial_corporation/index.html?inline=nyt-org">Countrywide  Financial</a>, <a title="More articles about Merrill Lynch &amp; Co." href="http://topics.nytimes.com/top/news/business/companies/merrill_lynch_and_company/index.html?inline=nyt-org">Merrill  Lynch</a> and <a title="More information about Citigroup Incorporated" href="http://topics.nytimes.com/top/news/business/companies/citigroup_inc/index.html?inline=nyt-org">Citigroup</a>,  but those issues eventually took a back seat to broader concerns about the  viability of the country’s financial system. As investors frustrated by the  continuing crisis start seeking ways to avoid the next one, advocates of change  in corporate governance expect boards to come under renewed scrutiny that could  yield big changes.</p>
<p>Emboldened shareholder activists are pressing more companies to hold annual  nonbinding votes on executive pay packages. They’re also pursuing, and appear  increasingly likely to win, rules to make it easier for investors to nominate or  replace board members.</p>
<p>And as more people start connecting the dots between pay incentives that  boards laid out for executives and the risk-taking at the heart of the financial  crisis, some lawmakers have been eager to step in, and many directors themselves  are re-examining their approach to compensation.</p>
<p>“When you look at cases where compensation of senior management was out of  line, or where people arguably were overpaid, it’s definitely the fault of the  compensation committee of the board,” says Thomas Cooley, dean of the Stern  School of Business at <a title="More articles about New York University." href="http://topics.nytimes.com/top/reference/timestopics/organizations/n/new_york_university/index.html?inline=nyt-org">New  York University</a> and a director of Thornburg Mortgage. “Congress has gotten  into the business of dictating executive pay now, and they shouldn’t be in that  business. What they should be doing is turning the light on the committees.”</p>
<p>Activist shareholders have been criticizing executive pay practices for well  over a decade, accusing directors of being too cozy with C.E.O.’s, too eager to  lavish pay on them and too ambiguous about the formulas they use for setting  compensation.</p>
<p>Improved standards for determining director independence and disclosing the  procedures of board compensation committees were supposed to help solve those  problems. And activist shareholders played a major role in spreading the notion  of pay-for-performance, by which executives would be compensated based on their  ability to meet board-devised financial targets.</p>
<p>But amid all the changes, a crucial piece of the equation — the unintended  risks that could arise from these pay-for-performance incentives — went  unnoticed, said James P. Hawley, co-director of the Elfenworks Center for the  Study of Fiduciary Capitalism at St. Mary’s College of California.</p>
<p>“The problem isn’t just when people in a particular firm are getting rewarded  in ways that take away from the shareholder. That’s been well recognized,” Mr.  Hawley says. “What’s not been recognized is that the misalignment of incentives  has resulted in firm, sector and systemic risks. None of the corporate  governance activists ever made the connection.”</p>
<p>It took the disastrous results of 2008 to expose such links, and to make  compensation a central issue for politicians and corporate America.</p>
<p>TWO factors contributed to the pay scales that now have C.E.O.’s earning more  than 300 times the pay of the average American worker.</p>
<p>First was the advent of giant stock option grants, a form of compensation  made all the more attractive by a 1993 change to the tax law that maintained  corporate tax deductions for executive pay over $1 million, but only if the pay  was tied to performance.</p>
<p>Second was the widespread practice of linking pay to the levels at companies  of similar size or scope. Every time a board tries to keep an executive happy by  offering above-average pay, the net effect is to raise the average that everyone  else will use as a baseline.</p>
<p>In the absence of fraud or self-dealing, it’s hard for shareholders to make a  legal argument that boards have failed at their job. State law in Delaware,  where most big public entities are incorporated, simply requires companies to  have boards that direct or manage their affairs, and it affords broad legal  protection to board members so long as they act in good faith and in a manner  “believed to be in or not opposed to the best interests of the corporation.”</p>
<p>That was the basis for the recent ruling of a Delaware judge who threw out  most of the claims in a shareholder lawsuit seeking to hold Citigroup directors  and officers liable for big losses tied to subprime mortgages. But the judge did  allow the plaintiffs to pursue one of their claims, which alleged corporate  waste stemming from a multimillion-dollar parting pay package that Citigroup’s  board awarded <a title="More articles about Charles O. III Prince." href="http://topics.nytimes.com/top/reference/timestopics/people/p/charles_o_iii_prince/index.html?inline=nyt-per">Charles  O. Prince III</a>, the former C.E.O., in 2007.</p>
<p>While legal protections for directors have changed little over the years,  boards have operated under a new level of scrutiny since enactment of the  Sarbanes-Oxley law, Congress’s answer to the scandals at <a title="More articles about Enron." href="http://topics.nytimes.com/top/news/business/companies/enron/index.html?inline=nyt-org">Enron</a> and WorldCom. Among other things, this 2002 law strengthened the litmus test for  director independence and laid out new responsibilities and requirements for  boards’ audit committee members.</p>
<p>Now, the furor over executive pay has heightened the profile of compensation  committees, says R. William Ide, chairman of the Governance Center at <a title="More articles about Conference Board, U.S." href="http://topics.nytimes.com/top/reference/timestopics/organizations/c/conference_board/index.html?inline=nyt-org">the  Conference Board</a>, a private research group.</p>
<p>“Board members now, even if they’re not on the compensation committee, want  to know everything the compensation committee knows,” says Mr. Ide, a lawyer in  Atlanta who serves on the compensation committee of the <a title="More information about Albemarle Corporation" href="http://topics.nytimes.com/top/news/business/companies/albemarle-corp/index.html?inline=nyt-org">Albemarle  Corporation</a>, the chemicals maker. “We’re all revisiting our practices and  saying, ‘It’s a new day, there are new practices, are we vulnerable, and is  there anything we need to change?’ ”</p>
<p>In March 2008, the staff of the House oversight committee examined pay  practices and circulated a memo to members criticizing Citigroup for giving Mr.  Prince a cash bonus, millions in unvested stock and options, and other  retirement perks like an assistant and a driver. The memo took Merrill Lynch’s  board to task for allowing <a title="More articles about E. Stanley O'Neal" href="http://topics.nytimes.com/top/reference/timestopics/people/o/e_stanley_oneal/index.html?inline=nyt-per">E.  Stanley O’Neal</a> to retire in 2007 instead of terminating him, a decision that  kept Mr. O’Neal eligible for $131 million in stock and options he would have  forfeited had he been fired. The memo also raised questions about standards that  Countrywide used to set the pay of <a title="More articles about Angelo R. Mozilo." href="http://topics.nytimes.com/top/reference/timestopics/people/m/angelo_r_mozilo/index.html?inline=nyt-per">Angelo  R. Mozilo</a>, the former chief executive, alleging that the mortgage lender had  switched pay consultants when the board’s approach to compensation was  questioned.</p>
<p>The Countrywide board was disbanded when the company was bought by <a title="More information about Bank of America Corp" href="http://topics.nytimes.com/top/news/business/companies/bank_of_america_corporation/index.html?inline=nyt-org">Bank  of America</a>, which declined to comment.</p>
<p>The committee plans to question <a title="More information about American International Group" href="http://topics.nytimes.com/top/news/business/companies/american_international_group/index.html?inline=nyt-org">A.I.G.</a> directors in the next few months about the retention bonuses that caused a  recent uproar.</p>
<p>While the financial crisis has again shaken investors’ faith in boards,  Kenneth Daly, president of the National Association of Corporate Directors,  doubts that Congress will be quick to become involved again in mandating  specific duties for boards.</p>
<p>“Did Sarbanes-Oxley avoid the problems we’re in? Absolutely not, and I think  the Hill recognizes that,” Mr. Daly says. “But I think you will see legislation  that makes it easier for shareholders to remove directors who aren’t doing their  jobs.”</p>
<p>Corporate governance activists continue to press for regulations that would  make it easier for shareholders to put their own board nominees on proxy  ballots. Opponents worry that giving shareholders greater proxy access would be  too disruptive to boards, but supporters say the current system makes it too  difficult, and too expensive, for shareholders to elect anyone who isn’t on a  company’s slate of nominees.</p>
<p>Another development that could shake up director elections is a proposal by  the New York Stock Exchange that would bar brokers from casting votes for  shareholders who have not provided specific voting instructions. Because brokers  typically vote with management, victories for the company’s slate of nominees  would be less certain.</p>
<p>“All of this means that directors need to be on the top of their game, and  that shareholders will be watching,” says Richard Ferlauto, director of  corporate governance and pension investments at the <a title="More articles about American Federation of State, County and Municipal Employees" href="http://topics.nytimes.com/top/reference/timestopics/organizations/a/american_federation_of_state_county_and_municipal_employees/index.html?inline=nyt-org">American  Federation of State, County and Municipal Employees</a>.</p>
<p>SHAREHOLDER pressure has led to policy changes in the past. In 2007 the board  at <a title="More information about Home Depot Inc" href="http://topics.nytimes.com/top/news/business/companies/home_depot_inc/index.html?inline=nyt-org">Home  Depot</a>, smarting from sharp criticism over the pay it lavished on <a title="More articles about Robert L. Nardelli." href="http://topics.nytimes.com/top/reference/timestopics/people/n/robert_l_nardelli/index.html?inline=nyt-per">Robert  L. Nardelli</a>, its former chief executive, adopted several new procedures,  including a rule requiring approval of C.E.O. pay packages by two-thirds of the  board’s independent directors, instead of a simple majority.</p>
<p>Now, amid the financial crisis, governance activists are receiving a taste of  the type of changes that can be ushered in during an era of intense public  scrutiny.</p>
<p>In December, <a title="More information about Morgan Stanley" href="http://topics.nytimes.com/top/news/business/companies/morgan_stanley/index.html?inline=nyt-org">Morgan  Stanley</a> announced that it would start holding onto a portion of its  employees’ bonuses for three years, and potentially withhold the money for good  from workers who cause financial or reputational harm to the company. Directors  and the chief executive of <a title="More information about General Motors Corp" href="http://topics.nytimes.com/top/news/business/companies/general_motors_corporation/index.html?inline=nyt-org">General  Motors</a> agreed to work for $1 this year after the automaker sought a taxpayer  bailout.</p>
<p>But the concessions from G.M. weren’t enough to save the job of <a title="More articles about G. Richard Wagoner Jr.." href="http://topics.nytimes.com/top/reference/timestopics/people/w/g_richard_wagoner_jr/index.html?inline=nyt-per">Rick  Wagoner</a>, the C.E.O., who resigned last Sunday at the request of Obama  administration officials. G.M. now plans to draw up a slate of board nominees  consisting of a majority of new directors, to present at the company’s next  annual meeting.</p>
<p>The reshaping of boards also has been a priority at other recipients of  taxpayer aid. The boards of <a title="More information about Federal National Mortgage Association (Fannie Mae)" href="http://topics.nytimes.com/top/news/business/companies/fannie_mae/index.html?inline=nyt-org">Fannie  Mae</a> and <a title="More information about Freddie Mac" href="http://topics.nytimes.com/top/news/business/companies/freddie_mac/index.html?inline=nyt-org">Freddie  Mac</a> were almost entirely dismantled in September when the government took  over the mortgage-finance companies. Both boards were reconstituted several  months later with mostly new directors.</p>
<p>Citigroup, too, is changing its board amid sharp questions about issues like  the company’s gargantuan balance sheet and the $126 million in cash and stock  paid to <a title="More articles about Robert E. Rubin." href="http://topics.nytimes.com/top/reference/timestopics/people/r/robert_e_rubin/index.html?inline=nyt-per">Robert  E. Rubin</a>, the former <a title="More articles about the U.S. Treasury Department." href="http://topics.nytimes.com/top/reference/timestopics/organizations/t/treasury_department/index.html?inline=nyt-org">Treasury</a> secretary, for eight years of service as a director of the bank and chairman of  its executive committee. Mr. Rubin has drawn attention for the fact that he was  lushly compensated even though the bank he helped steward wound up so deeply  distressed that it needed a taxpayer bailout to survive.</p>
<p>Mr. Rubin, along with Win Bischoff, the former chairman, and Roberto  Hernandez Ramirez, head of the bank’s Mexican operations, will not be standing  for re-election. Another two directors are approaching the mandatory retirement  age. In all, a third of Citigroup’s board will turn over this year.</p>
<p>Directors at Citigroup, A.I.G. and other companies that received bailout  funds are in uncharted territory, says Dennis R. Beresford, an accounting  professor at the <a title="More articles about University of Georgia" href="http://topics.nytimes.com/top/reference/timestopics/organizations/u/university_of_georgia/index.html?inline=nyt-org">University  of Georgia</a> and one of three Fannie Mae directors asked to rejoin the board  after the government takeover.</p>
<p>“We don’t really have a lot of history to say how boards should operate in  these kinds of circumstances,” Mr. Beresford says. “The directors are  principally serving shareholders, but they would be foolish not to be thinking  about the government’s interest, and if nothing else thinking about the  public-relations aspects of what their companies are doing.”</p>
<p>THE public furor over pay and bailouts is helping to make board service a  tough sell at a time when so many candidates, particularly sitting C.E.O.’s,  already feel more pressure in their day jobs.</p>
<p>Executives and directors are becoming very cautious not only about how they  use their time, but also about what liabilities — legal, reputational and  otherwise — they’re willing to take on, says Ted Dysart, a managing partner at  Heidrick &amp; Struggles, the search firm, who helps run its global board of  directors practice.</p>
<p>“I think you’re going to see continuing caution,” he says, “because if the  anger over executive compensation continues to push its way out, it won’t be  long before people start taking out ads with people’s faces on them.”</p>
<p>http://www.nytimes.com/2009/04/05/business/05board.html?_r=1&#038;th=&#038;emc=th&#038;pagewanted=print</p>
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