Only 10% Of Managers Effective? What A Shock! - By Cyril Pereira (7/3/12) PDF Print E-mail
Cyril Pereira   
Wednesday, 07 March 2012 09:51

Asia Sentinel  

Managers - Only 10% effective anywhere?

 
The managerial archetype can be spotted in any organization - trapped in cubicles, chained to company-issue Blackberry and laptop, swamped with emails, stuck at meetings, frenetically busy, slaving long hours and always out of time.
 
But is all that busy activity useful at all?
 

A 10-year study by academics Heike Bruch and the late Sumantra Ghoshal, across several industries and multinational companies, has yielded the shocking insight that only 10% of managers are effective in any organization! (Findings published in ‘A Bias for Action’ - Harvard Business Press, 2004).
 
90% spin the wheels to look the part. They confuse themselves, their subordinates, peers and bosses through activity as a substitute for useful outcomes. They are clueless about where or how they fit the purpose of the enterprise. Their absence from work may even be a blessing!
 



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Bank Of America In Trouble? - By Matt Taibbi (6/3/12) PDF Print E-mail
Matt Taibbi   
Tuesday, 06 March 2012 10:17

Rolling Stone

It looks like Bank of America might have started circling the drain before the Occupy movement even had a chance to launch its campaign against the company. For weeks now there have been ominous signs of trouble at the bank, and yesterday we heard yet another dark piece of news.

Last year, there was an uproar when Bank of America announced a plan to slap customers with a monthly $5 fee for debit card usage. The bank eventually backed off that plan when the public and some politicians cried foul.

Now it seems the company is going to try to put a new package on the same crappy idea and sell it again. This time, the plan is to add charges that range from $6 to $25 a month. From an MSNBC report:

Pilot programs in Arizona, Georgia and Massachusetts are experimenting with charging $6 to $9 a month for what’s called an “Essentials” account. Other account options being tested in those states carry monthly charges of $9, $12, $15 and $25, but give customers opportunities to avoid the payments by maintaining minimum balances, using a credit card or taking a mortgage with Bank of America, according to an internal memo cited by the [Wall Street] Journal.



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The Blessing Of A Strong Currency - By David Howden and Brenna Sanae Kajikawa (6/3/12) PDF Print E-mail
David Howden and Brenna Sanae Kajikawa   
Tuesday, 06 March 2012 10:09

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Watch As Near Free Money To Banks Fails To Prevent Nuclear Winter For European CRE - By Reggie Middleton (3/3/12) PDF Print E-mail
Reggie Middleton   
Saturday, 03 March 2012 09:58

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It's Not Really About The Debt - By Frank Shostak (2/3/12) PDF Print E-mail
Frank Shostak   
Friday, 02 March 2012 11:16

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