Posts Tagged ‘compensation

08
Feb
13

2.8.13 … I am a happy nerd …

UNC Festival of Legal Learning, Hotel Siena, Southern Seasons, Weathervane at Southern Seasons, The Siena Hotel,  Chapel Hill NC: I am a happy nerd … Southern Seasons was a treat … as was shrimp and grits at Weathervane at Southern Season. And finally The Siena Hotel beats the Waldorf Astoria … much better toiletries and turn down service with chocolates.

blizzards, 2013 NE blizzard, NYTimes.com:  Hoping all are safe and warm …

Watching the snowfall forecasts from the potent blizzard sweeping into the Northeast we’re at the western edge of the robin’s egg 12-24 inches zone, I can’t help but think back to March, 2010, when we lost power for five days after the Hudson Valley and other regions were paralyzed by several feet of snow.

via Blizzards as Teachers – NYTimes.com.

Downton Abbey, Valentine’s Day, LOL:

basset hounds, kith/kin, vacations, Madrid: Hidden amongst my son’s vacation pictures … 🙂

Photo

donuts/doughnuts, Firecakes, Chicago:  Sounds like voodoo donuts to me!

DONUTSCreative confections in River NorthThe latest addition to Chicago’s coffee-dunking circuit, Firecakes is a small-batch donut shop from the owner of La Madia, rotating a roster of sweetness like Tahitian vanilla glazed, blood orange and raspberry jelly, and Nutella long johns that’ll provide a comfortable home for your (hazel)nuts. Oh, there’s also a maple-glazed pineapple and bacon donut…

Sallie Krawcheck,  Lessons from My Bosses, LinkedIn:

The best: at one firm, the culture was to hire unconventionally, bringing in people with a broad range of backgrounds. The talent we uncovered, where others weren’t looking, could be amazing. In contrast, a couple of CEOs surrounded themselves with a long-tenured “inner circle” and filtered information through them. One of the many reasons for the financial melt-down was the unexamined groupthink that pervaded Wall Street, enabled by senior managers “breathing the same air.”

via Lessons from My Bosses | LinkedIn.

Sallie Krawcheck, bankers, compensation:

Sallie Krawcheck didn’t pull any punches when she was president of Bank of America-Merrill Lynch’s wealth management unit, and now she’s using her bully pulpit as a LinkedIn blogger to explain why paying bankers in stock is a lousy idea.

In 2013, banks must change the way they compensate their senior executives, Krawcheck (left) argues in her Tuesday blog post, saying that company boards are making a mistake by moving to more equity ownership for senior execs since the 2008 crash. She certainly has an insider’s view of the business: Krawcheck is a veteran not only of BofA, but of Citi Smith Barney and Sanford C. Bernstein & Co.

“Coming out of the crisis, the national discussion focused on ‘pay them less’ and very little on ‘pay them better,’” writes Krawcheck, who was summarily fired in September 2011 when BOFA Chief Executive Brian Moynihan went public with plans to reorganize the bank’s management and operating units. “Instead, the long-term conventional wisdom that senior executives should be aligned with equity holders remained unexamined: the amount they are paid is often based on stockholder metrics (like ROE), and the form of payment is in increasing proportions of stock.”

Claiming that she herself and the rest of the banking world now know that their business is unlike any other, Krawcheck then goes on to list her top 10 reasons paying bank executives in more stock is “a bad idea.” (See No. 10 on the list, where Krawcheck name-checks her former firm.)

10. Look at the evidence. Naming names, Krawcheck points out that the biggest CEO equity holders in 2007 were at Lehman Brothers, Bear Stearns, Merrill Lynch, Morgan Stanley and Countrywide. As she puts it: “‘Nuff said.”

via Sallie Krawcheck: Top 10 Reasons It’s Bad to Pay Bankers in Stock.

Iceland, Family Trip, vacations, bucket list,  National Geographic:  I’m scheming …

Iceland is one of the warmest cold countries you’ll find—especially so toward children. It seems everywhere you look there are pram-pushing moms and blond-haired kids swarming the capital of Reykjavik. The big hit for children (and adults) will be the city’s 18 mostly open-air geothermal pools (82–109°F); most also have slides and fountains. Use a pool visit to introduce the concept of renewable resources. Iceland is on the Mid-Atlantic Ridge, a belt of mountains and rift valleys where periodic eruptions widen the ocean floor. One of the world’s most tectonically volatile places, it feeds more than 200 volcanoes and 600 hot springs and heats 85 percent of Iceland’s homes. Add to this energy produced by the nation’s rivers and streams, and the country essentially gets all its electricity from nature.

via Iceland’s Ring Road: Best Family Trip — National Geographic.

 Yoda, Star Wars, Stuart Freeborn, The Two-Way : NPR: Funny, I think he looks a little like Yoda.

Makeup Artist Who Created Yoda Dies; Stuart Freeborn Was 98

via Makeup Artist Who Created Yoda Dies; Stuart Freeborn Was 98 : The Two-Way : NPR.

Fashion Week 2013, WSJ.comFashion Week 2013 – WSJ.com.

Star Trek, William Shatner, ISS, Twitter:  kinda cool …

Captain James Kirk of the Starship Enterprise called up an astronaut in space today for a cosmic conversation that began on Twitter and warped all the way into space.

Actor William Shatner, who famously portrayed Kirk in the original science fiction TV show “Star Trek,” called the International Space Station today (Feb. 7) to ask real-life astronaut Chris Hadfield what life is like on a spaceship.

On Jan. 3, 2013, Commander Chris Hadfield of the Canadian Space Agency started tweeting with William Shatner, “Captain Kirk” of the original Star trek series, and with other Star Trek cast members, plus one very famous real spaceflyer.

“I’m so moved to be able to speak to you for this brief moment,” Shatner told the astronaut via phone.

You can see a video of Shatner’s call to the space station here.

Hadfield, representing the Canadian Space Agency, is serving a five-month tour on the football field-sized space station orbiting Earth. Last month, he and Shatner struck up a virtual conversation on Twitter when the actor wrote, “@Cmdr_Hadfield Are you tweeting from space?”

Eventually, their conversation pulled in other “Star Trek” notables like George Takei (who played Hikaru Sulu), Will Wheaton (Wesley Crusher) and Leonard Nimoy (Spock).

Today, Shatner and Hadfield connected in real time for a chat about life in space, and life on the stage.

via ‘Star Trek’ Actor William Shatner Calls Astronaut in Space (Video) | Space.com.

Corby Kummer, 15-Course Tasting Menu, Eleven Madison Park, Vanity Fair:  Wow …

As part of his strenuous, on-the-ground reporting for his recent Vanity Fair article about “totalitarian” chefs and their increasingly elaborate tasting menus, “Tyranny—It’s What’s for Dinner,” author Corby Kummer endured a five-hour, 15-course meal at Eleven Madison Park, the Manhattan restaurant owned by chef Daniel Humm. Here is Kummer’s course-by-course, or round-by-round, report, along with the approximate time each course was served.

via Foodies Gone Wild: Corby Kummer’s Annotated, 15-Course Tasting Menu from Eleven Madison Park | Vanity Fair.

 

26
Jan
11

1.26.2011 … still raining …

Pinky’s, Amelie, restaurants, Charlotte, followup:  Great lunch with my great friend.  I will say this … I prefer the old Penguin to Pinky’s,  and I highly recommend Amelie’s for coffee and dessert.  However I have heard that the view of Charlotte  on a nice evening is wonderful from Pinky’s … not much on a cold, rainy, wintry day.

World Economic Forum, bucket list: The WEF is 40 years old … I would like to go.  It’s added to my bucket list.

Leaders in business, politics and academia from around the world will gather in Davos, Switzerland, this week to try to rescue the planet. It’s a safe bet that, for the 41st year in a row, they will fail.

Even if it were possible to save the world in five days, the list of global problems just keeps getting longer — to the point where Klaus Schwab, founder and executive chairman of the World Economic Forum, is worried.

Ruben Vardanian, chief executive of Troika Dialog, an investment bank based in Moscow, said that Davos offered a place where people from emerging markets could meet on equal terms with counterparts from the United States and Europe.

“We didn’t go to the same universities, we are not members of the same golf clubs,” Mr. Vardanian said, explaining why Davos was still relevant. “For me, being head of the bank and trying to connect Russia to the Western world, it’s one of the best platforms.”

via Expanded List of Problems Awaits World Leaders at Davos – NYTimes.com.

Global businesses must play a role in raising global living standards, says BT CEO Ian Livingston via video at WEF

YouTube – Ian Livingston CEO BT Group: Globalisation 3.0 World Economic Forum, Davos, 2011.

[http://www.youtube.com/watch?v=icaVOPZGUgc]

statistics, economics:  These are amazing statistics.

Which countries match the GDP and population of America’s states?

IT HAS long been true that California on its own would rank as one of the biggest economies of the world. These days, it would rank eighth, falling between Italy and Brazil on a nominal exchange-rate basis. But how do other American states compare with other countries? Taking the nearest equivalent country from 2009 data reveals some surprises. Who would have thought that, despite years of auto-industry hardship, the economy of Michigan is still the same size as Taiwan’s?

via Comparing US states with countries: US equivalents | The Economist.

technology, culture: interesting … “Maybe it’s because constant digital communication between dates increases a sense of intimacy, and makes even days-old relationships seem longer or more intense.”

Does your heart skip when your phone buzzes with a message from your new flame? If a new survey is to be believed, all those texts and late-night Facebook chats might lead you into the bedroom faster too.

In the survey of 1,200 men and women by Shape and Men’s Fitness magazines, nearly 80% of women and 58% of men said they believed that using social media tools with new partners leads to sex sooner, according to a recent Reuters article. (More on Time.com: An Evolutionary Explanation for Altruism: Girls Find It Sexy)

Maybe it’s because constant digital communication between dates increases a sense of intimacy, and makes even days-old relationships seem longer or more intense. Or maybe it’s because lovey-dovey text messages (or sexting, more likely) amps up anticipation and paves the way to the bedroom sooner.

But regardless of what they said they believed about digital communication hastening sex, only 38% of women said they had actually slept a partner sooner than they otherwise would have, because of a textual relationship.

via Survey: Do Texting and Facebook Chatting Ease the Way to Sex? – TIME Healthland.

followup, childhood,Disney Princesses, culture:  I am getting more of her point … it is not so much the fairy tale stories as it is the mass marketing to our girls. Not much different from mass marketing to our children sugary snacks/cereals and obesity.

“It’s not that princesses can’t expand girls’ imaginations,” Orenstein explains. “But in today’s culture, princess starts to turn into something else. It’s not just being the fairest of them all, it’s being the hottest of them all, the most Paris Hilton of them all, the most Kim Kardashian of them all.” Translation: shallow, narcissistic, slutty.

Orenstein is the first to admit she’s not a perfect parent. But her advice to others is to pride yourself on saying no. “People have said to me, ‘Don’t you feel like you’re brainwashing your daughter because you’re not giving her the choice of what she consumes?’ ” Orenstein says. “But there’s not really a choice. Disney isn’t giving you a choice.” Being a princess may seem simple. But raising one takes a whole lot of brains.

via ‘Cinderella Ate My Daughter’: Are Princesses Bad for Girls’ Self-Esteem? – Newsweek.

economic history, the dollar:

THE dollar’s ascendance to the rank of world’s most important currency is often remembered as having been slow and gradual, mirroring the decline of sterling and Britain’s historic economic dominance. In fact, it was surprisingly swift. From a standing start in 1914, the dollar had overtaken sterling in international importance by 1925. The first world war played a part, but so did a lesser-known factor. America had surpassed Britain as the world’s largest economic power as early as 1870, but it had a stunted financial system: its banks could not open branches abroad, it had no central bank and panics were common. All these things discouraged international use of the dollar.

via The rise and fall of the dollar: Go with the flows | The Economist.

youth, altruism, community service, Davidson: I have not given a swab … but I will.  Be The Match , Archive » Celebrating 20 years of student commitment to saving lives.

redemption, second chances: I do believe in second chances.

Vick has signed his first paid endorsement contract since his release from prison. The Philadelphia Eagles’ Pro Bowl quarterback inked a two-year contract with Unequal Technologies, a provider of the football pads Vick wore most of last season.

via Michael Vick gets first paid endorsement since dogfighting arrest – NFL – SI.com.

faith and spirituality, forgiveness, Henri Nowen:

Forgiveness, the Way to Freedom

To forgive another person from the heart is an act of liberation. We set that person free from the negative bonds that exist between us. We say, “I no longer hold your offense against you” But there is more. We also free ourselves from the burden of being the “offended one.” As long as we do not forgive those who have wounded us, we carry them with us or, worse, pull them as a heavy load. The great temptation is to cling in anger to our enemies and then define ourselves as being offended and wounded by them. Forgiveness, therefore, liberates not only the other but also ourselves. It is the way to the freedom of the children of God.

via January 26, 2011 – Forgiveness, the Way to Freedom.

new blog, SOTU: Another blog to follow.  I like her style very much … even if I do not agree with her.  She did a nice job on the SOTU speech last night.  Althouse.

Ann Althouse

I’m a law professor… and sometimes I write about law.

via Althouse: law.

public art, change, Charlotte:  I’m mad.  I do not like change.  I find the airport Queen Charlotte amusing and welcoming … she’s certainly not pretty!

Queen Charlotte must find a new home after more than 20 years greeting travelers from a cast stone column at the front of Charlotte Douglas International Airport’s terminal.

Airport Director Jerry Orr says expansion plans for the airport have forced the move of the 16-foot-tall bronze statue from her 25-foot-high perch.

Queens Table — an anonymous group of donors — commissioned the work in the late 1980s from sculptor Raymond Kaskey. That’s the same artist who cast the statues marking the four corners of The Square in uptown (also a donation from the Queens Table).

via Queen Charlotte statue departing from airport terminal | Charlotte Business Journal.

Supreme Court, SOTU, history: After the 2010 SOTU, I am amazed any of the conservative justices are going … and a  little history of this “issue.”

There is little question that the four members of the court’s liberal wing — Justices Ruth Bader Ginsburg, Stephen B. Breyer, Sonia Sotomayor and Elena Kagan — will attend. Justice Anthony M. Kennedy, the court’s swing justice, attended there last year, and he is likely to be on hand again Tuesday night.

And Chief Justice John G. Roberts Jr. has apparently concluded that his distaste for last year’s address, which

he called a “political pep rally,” was not reason enough to stay away. He may have concluded that the court’s reputation as an avowedly apolitical institution would be harmed should only the court’s more liberal justices attend.

via Six Justices to Attend State of the Union – NYTimes.com.

Back in the day when his predecessor, Chief Justice William H. Rehnquist, stopped attending (he explained his first absence by saying that the speech conflicted with a weekly painting class he was taking) nobody much noticed or cared – one more indication that today’s political world is more complex and more toxic. 

via Thread of the Union – NYTimes.com.

App, IRS: For some reason I am not sure I want the IRS App on my phone … giving the IRS my personal data.

The free IRS2Go phone app, which works with iPhone or Android phones, allows taxpayers to check the status of their tax refund and obtain tax tips.

“As technology evolves and younger taxpayers get their information in new ways, we will keep innovating to make it easy for all taxpayers to access helpful information,” IRS Commissioner Doug Shulman said in a statement Monday.

via IRS Announces Tax Refund ‘App’ for iPhone – WSJ.com.

Apple:  I am glad I know someone with Apple stock.

The take home message from this report and others is that Apple is thriving. Even with Steve Jobs on a leave of absence, the Cupertino company has a team of executives that are second to none, and they will continue to develop innovative and inspiring products worthy of the Apple name.

via The significance of Apple’s earnings call numbers.

Great Recession, Financial Meltdown, compensation:  Doesn’t sound like much has changed … Viewpoints: Has Compensation Changed? – Video Library – The New York Times.

quotes, BSF Isaiah:  From last week’s lesson (Lesson 16), this is my favorite quote:

Isaiah 40

Comfort for God’s People

3 A voice of one calling:
“In the wilderness prepare
the way for the LORD[a];
make straight in the desert
a highway for our God.[b]
4 Every valley shall be raised up,
every mountain and hill made low;
the rough ground shall become level,
the rugged places a plain.
5 And the glory of the LORD will be revealed,
and all people will see it together.
For the mouth of the LORD has spoken.”




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