Showing posts from May, 2009


Business efficiency depends on business decisions, and business decisions depend on current, accurate information and powerful analysis.


I suppose I shouldn't be surprised that human beings have such a hard time with apologies. The very history of the word comes from the Greek "apologia," which means "a speech in defense" of something. And isn't that the worst kind of apology? I'm sorry I insulted your cooking, but you really did oversalt the scrod.


Some scholars argue, in fact, that we're too willing to trust, and that we should be more circumspect. What's dangerous for individuals, though, may have been crucial for business development, because every innovation is a little shaky and needs credible people to try it out until it's ready for prime time. A little bit of initial trust has gone a long way in creating a situation where trust is commonplace for all sorts of activities crucial to our prosperity.

Caymans Haven

THE seas round the Cayman Islands may be blue, the sands white and the coral reefs a rainbow, but to the OECD, an economic group of rich countries, the Cayman Islands are grey. On May 14th the OECD ruled to keep the British colony on its list of unco-operative tax havens.

Changing Attitudes

DESPITE changing attitudes and even laws to promote equality between the sexes, it appears that women still have their work cut out. Men enjoy more leisure time than women in every one of 18 countries examined by the OECD.


Here's the thing: if you look like other people, if your business looks like other businesses, then all you've done is increase your pool of competition.

Corporate Governance

Recent years have seen a number of scandals that have revealed sometimes shockingly poor standards of corporate governance in well-known companies—and exposed some directors who had regard only for their own interests while others were hopelessly ineffective. Managers may run a company but it is the job of directors to make sure it is well run and run in the right direction.


Most people who provide advice to the CEO can't help but be biased. The management team, while truly vested in the success of the company, will protect the interest of their function and staff. The board often doesn't have enough information to be truly helpful or is driven by other factors, such as investor requirements, that are not always aligned with a CEO's longer-term strategy for the company. Mentors are great, but they can be hard to catch. Consultants try hard, but sometimes, they're looking for business.


The Canadian system is an oligopoly of five dominant banks. That dampens price competition: independent brokers originate less than one-third of the mortgages in Canada, compared with up to 70% in America during the bubble. It also makes it easier for Canadian banks to pull back when things are getting too risky.

Having a few banks that are clearly too big to fail has led to more stringent supervision, including imposing a maximum leverage ratio and a single regulatory regime for commercial and investment bankers.

America's Cup

A New York judge has ordered America's Cup champion Alinghi of Switzerland to face American challenger BMW Oracle Racing in a rare one-on-one showdown in February.

Logic of the Perpetual Upgrade

Sustainability and the Logic of the Perpetual Upgrade
10:56 AM Wednesday May 13, 2009
by Daniel Goleman

Tags:Green business, Innovation, Strategy

Many companies have had their first encounter with sustainability in the form of an externally imposed mandate, like a notice to fix a plant's illegal air emissions. Or they've sought out low-hanging fruit, like cutting fuel bills by shifting to alternative energies or a LEED-certified building.

But the state-of-the-art comes when a company realizes that no single move or set of changes makes a company "sustainable," but rather that sustainability is a philosophy of continually finding ways to improve the company's ecological footprint.

Thetis Island Regatta

15th Annual Thetis Island Regatta
May 8, 9 and 10. LYC's Big Event of the Year! LYC Thetis Island Regatta May 8 - 10
LYC Thetis Island Regatta

Ecomyachting Sail and Cruise

Prospective Race Information Sperry Top-Sider NOOD Regatta
The Seattle Yacht Club and the Corinthian Yacht Club of Seattle are making arrangements to host a National Offshore One Design (NOOD) Regatta in Seattle. The Notice of Race will be issued after the publication of this race book. The information below is subject to change. DEADLINE for classes to form is May 4, 2009.
Dates: May 15, 16, and 17, 2009 (Friday, Saturday, and Sunday)
Classes to Race: One-design or level rated classes, as follows:
• Keelboat classes may include Santana 20, San Juan 24, Thunderbird, Holder 20, Star, Moore 24, J/24, 6 Meter, Etchells, M242, J/105, Melges 24, J/109, Flying Tiger, 1D35, Melges 32, C&C 115 and other keelboat classes with a prospective minimum of 7 boats registered
• Centerboard classes may include Laser, Laser Radial, Snipe, Vanguard 15, Tasar, International 14, Thistle, 505, 49er, A-Cat, and other centerboard classes with a prospective minimum of 7 boats registered.
Registration: http://ww…

Seattle Opening Day

Seattle Opening Day History
by Dick Souslin

Opening Day, the official opening of Seattle's boating season sponsored by the Seattle Yacht Club, includes a celebration of many kinds of water activities. This year's festivities will include a morning of crew races, a sailboat race, and, of course, the grand Opening Day boat parade on Saturday, May 2, 2009.

From its earliest days Seattle has celebrated important occasions with water festivities.

One particularly notable early celebration was scheduled for the Fourth of July, 1895. The papers reported that the Elliott Bay Yacht Club, the forerunner of the Seattle Yacht Club, held a regatta including several classes of boats in Elliott Bay. The grand climax was to be an illuminated naval parade at 9:00 p.m. on the bay followed by a naval sham battle. The Post Intelligencer described the scheduled events: " . . .a monitor is to be bombarded and then blown up. . . The parade will consist of two lines of yachts, brilliantly illuminat…