Understanding CEO pay is a matter of perspective

July 10, 2017 0 COMMENTS

Soon I'll be running this cityby Dan Oswald

You hear a lot today about CEO pay and how something needs to be done about it. That CEO compensation is out of hand. It’s spoken about as if it’s a wild, living creature that must somehow be tamed.

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If you don’t have anything nice to say . . .

November 18, 2013 0 COMMENTS

shut upby Dan Oswald

“Better to remain silent and be thought a fool than to speak out and remove all doubt.”
—Abraham Lincoln

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Which came first—the people or the culture?

February 18, 2013 0 COMMENTS

There is a lot written about the advantages of chemistry and great company culture, but what really are those things? A company is a social organization with rules that govern the relationships between people and among groups. There is a division of activity, and there is agreement regarding certain obligations of the various parties. This is true of all companies. So what causes one to have a culture that is superior to that of another?

In the end, it all comes down to the people. I have often said that the quality of the experience is equal to the quality of the people involved. Associate with high-quality individuals, and you are much more likely to have a positive experience. That’s true in business as much as in any endeavor you undertake.

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Lack of trust was the main ingredient in Hostess’ demise

December 03, 2012 0 COMMENTS

by Dan Oswald

It’s a sad day for me. Hostess Brands, the maker of Twinkies, Ho-Hos, and Ding Dongs, is going out of business. While my midsection may not look like it, I haven’t had a Twinkie—or any other Hostess product, for that matter—in more than 30 years. But I hate to see them go. Twinkies were a part of my childhood. Somehow, on occasion, we could convince my mother to pick up a box of those golden treats with absolutely zero nutritional value. That was no small feat! My mother refused to buy any form of sugared cereal, but every once in a while, we could coax her into buying a box of Twinkies.

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Truth or Consequences: Not So Much

May 11, 2009 0 COMMENTS

Help me out here. Less than 48 hours ago, I wrote about the need for CEOs to earn back the trust of their employees and gave a few suggestions about how they might do that. This morning I turn on the television to find none other than Elliot Spitzer providing commentary on the current state of the economy and the regulatory changes necessary to right our financial system. Not only that, but the network he appeared on showed poll results indicating that the majority of New Yorkers would prefer to have Spitzer back in the governor’s mansion in place of his successor, Gov. David Patterson.

What’s going on here? Gov. Spitzer, who made his reputation as New York’s attorney general, strictly enforcing ethics rules and chasing corruption (whether real or perceived), was undone by his involvement with prostitutes. Just a little over a year after his resignation, he appears to be successfully returning to public life and even has the support of the majority of voters from his home state.

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Employee Trust: Going, Going, Gone!

May 05, 2009 0 COMMENTS

Trust. Webster’s defines it as “assured reliance on the character, ability, strength, or truth of someone or something; or one in which confidence is placed.”

Based on this definition, how many of us would say that the average employee trusts senior management? Not many. In fact, research shows that less than half of all employees trust senior management. And when asked about the CEO specifically, only 28% of employees believe that CEOs are a credible source of information.

Nearly three out of four employees think the CEO is a liar! Is ‘liar’ too strong of a word? If someone is NOT considered a credible source of information, it means people don’t believe that they’re speaking the truth. If you’re not speaking the truth, you’re lying — and, therefore, a liar.

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