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Carlos Tavares and the contrast with Fiat Sergio Marchionne, Tesla Elon Musk- the need today for new role models for health and worklife balance, respect for dignity of workern
02/05/2024
Carlos Tavares, CEO of Stellantis that brings together Fiat, Chrysler and Peugeot, as shown in a WSJ report, respects workers right to have a weekend free of email requests to recharge their batteries for the new week starting Mondays. Tavares sees great value in worklife balance, respect for dignity and health of workers. He believes this delivers productive work better than alternatives such as that under Sergio Marchionne the Fiat leader running Chrysler who worked constantly, with excessively long hours, unending travel and smoking incessantly say reports, that took its toll on health- setting a poor role model for managing business and for the younger generation. A similar situation is presented by Mr. Musk compared to Mr. Tavares. Striking is the respect for the dignity of workers that comes with respecting worklife balance. This was a major issue in this years UAW negotiations. Leaders from Scholz in Germany and Biden in US, Modi in India, have called for respect for dignity of work and workers as the kind of society we want to build and we want to live in. The founder of Silicon Valley Andy Grove who founded Intel that powers the chips on every laptop always reminded his readers this is the kind of society he wanted to live in.
Linked Articles
Elon Musk Says Donald Trump Should ‘Sail Into the Sunset’ in Latest Spat
WSJ 07/12/2022
WSJ News Exclusive | The Money and Drugs That Tie Elon Musk to Some Tesla DirectorsWSJ 02/04/2024
Indian Supreme Court decision that a politician is also a citizen and is also amenable to the same laws.
04/06/2023
India's Supreme Court rejects a petition by 14 political parties that asked for politicians to have immunity from prosecution. Or that there should be no cases filed against them because there are certain statistics related to the leaders. The court ruled that it cannot lay down law in the abstract. Specific cases need to be filed and the Court would rule in that specific case. The Supreme Court said -"Ultimately a politician is also a citizen, and as a citizen he or she is amenable to the same law."
Linked Articles
The Times of India 04/06/2023
Don’t let attacks deter you, Modi advises CBIHindustan Times 04/04/2023
Eliud Kipchoge and Roger Bannister - contrasts and the running style
10/13/2019
Kipchoge's entire focus is on running in 2019 with the world watching and the richest man in Britain heading company Ineos backing him. Bannister is only shown later on BBC and is focussed on completing his medical studies, with no major financial supporter.
Linked Articles
The barrier broken on salad and spikes
The Times 10/13/2019
London Marathon 2019: Eliud Kipchoge on freedom, simplicity & power of the mindBBC Sport 04/26/2019
The failure of Takata's management and the bankruptcy in 2017
06/26/2017
Linked Articles
Takata, Unable to Overcome Airbag Crisis, Files for Bankruptcy Protection
The New York Times 06/26/2017
Takata Saw and Hid Risk in Airbags in 2004, Former Workers SayThe New York Times 11/07/2014
The Donald Trump campaign for U.S. president in 2016- strategies from "The Art of the Deal"
02/25/2016
Thinking big embracing the entire electorate, using social media to the fullest, improvising often based on voter sentiment, commonsense approaches, worked for Trump in the Republican primaries in 2016. The failure of the other candidates to address issues of voter frustration, and splitting of the vote with many candidates, created the opportunity for Trump to succeed with his unconventional campaigning style coupled with a careful attention to what troubled voters.
Linked Articles
Donald Trump’s Campaign Blueprint: His Own Book
Wall Street Journal 03/03/2016
Trump and the Also-RansWall Street Journal 02/25/2016
The resilience of U.S. auto sales in 2015-2016- new management, technological advances and pent up demand
01/06/2016
The U.S. automobile market and its resilience is one factor in the improving economy in 2016. New management and technology provide a resilience for automakers that never existed before.
Linked Articles
U.S. Car Sales Set Record in 2015
Wall Street Journal 01/06/2016
U.S. car sales hit record high in 2015 - The Washington PostWashington Post 01/06/2016
Restoring Deutsche Bank's image in Germany in 2015- (1) the new management
05/24/2015
Linked Articles
Shareholders’ Rebuke Pressures Deutsche Bank CEOs to Perform
Wall Street Journal 05/24/2015
Deutsche Bank Co-Chief Executives ResignNew York Times 06/07/2015
Elvira Nabiullina, head of Russia's central bank, and Russia's response to the collapse in oil prices that helped avoid effects on the economy
02/09/2015
Exceptional performance by an exceptional economy minister and banker. Elvira Nabiullina's humility, drive and policies help shape Russia's careful management of the collapse in oil prices.
Linked Articles
Economist 04/19/2016
Ruble’s Fall Tests Governor of Russia’s Central BankNew York Times 02/09/2015
Looking back at Hong Kong and China today and yesterday- China in 1842 and in 1945, nationalism and commercial interests of foreign powers
01/09/2015
A wariness with foreign powers in China stems from the influences left behind from the British commercial interests and the Japanese invasion of China. Compared to that period, the period of collaboration on an equal footing and playing field is is a short and recent one that has taken place for just three decades 1985-2015. Fears that the accelerated development in China could slow down without a strong central government, combine with the awareness of the need for western technology and open communications in today's global economy to accelerate the development, create in the Chinese mind a problem that needs to be tackled carefully to continue progress. Awareness of the huge inequalities and corruption in the rush towards modernization, need to tackle extensive contamination of air and water, and need for social security and healthcare for an aging population create a new urgency for careful policy making to sustain progress.
Linked Articles
Wall Street Journal 01/12/2015
‘China 1945,’ by Richard BernsteinNew York Times 01/09/2015
Holdout bondholder Paul Singer of Elliott Management and Christina Kirchner of Argentina- the two sides in a dispute leading to Argentine default on its bonds in 2014
07/29/2014
Linked Articles
Argentina Finds Relentless Foe in Paul Singer's Hedge Fund
New York Times 07/30/2014
As Talks Falter, Argentine Bond Default LikelyNew York Times 07/29/2014
"Collective self-defense" under Article 9 reinterpretation of Japan's Constitution in 2014, and the U.S. naval exercizes at Hawaii, Subic Bay in the Philippines
07/02/2014
The U.S. and Japan increase defense preparedness in the Pacific. The key is managing tensions with China in a constructive way with cooperation and dialogue.
Linked Articles
Exercises in Hope—and Fear—in the Pacific
Wall Street Journal 07/02/2014
Japan Policy Shift to Ease Restrictions on MilitaryWall Street Journal 07/02/2014
Ways to get more women in tech, business and management and obstacles to tackle
05/23/2014
Linked Articles
Engage Girls With Tech Education, Leadership Early, Women CIOs Say
Wall Street Journal 12/04/2014
Even Scandinavia Has a CEO Gender GapWall Street Journal 05/23/2014
Bolivia and the Pope Francis visit- showing a way for the "grassroots" empowerment idea, prudent financial management, increasing growth rate and attracting investors
02/16/2014
Linked Articles
In Fiery Speeches, Francis Excoriates Global Capitalism
New York Times 07/11/2015
Turnabout in Bolivia as Economy Rises From InstabilityNew York Times 02/16/2014
Try hard but not too hard-cutting yourself some slack improves health and concentration, the Andy Grove principle for slack in your work routine reinforces this
09/15/2023
People forget that this applies to sports athletes and high achieving people. Andy Grove, founder of Intel and of Silicon Valley, believed in keeping some slack in his work routine and schedule. He left Hungary in 1956 after the Hungarian revolution and Russian invasion as a refugee, and graduated first in his class in the City College of New York in chemical engineering 3 years later. In 3 more years he obtained a PhD from UC Berkeley. In his book Output Management he says productive arrangement is one that keeps slack in the way that highway planners know that having too many cars compared to capacity means everything comes to a halt. In his daily work he always believed in having some slack. Today people pile on work upon work forgetting these basic principles. The other principle is leveraging of activities which is where the output comes from. To leverage effectively concentration of mind is needed and a chance to reflect and think, which requires slack and slack that adds additional time for healthy living that aids mindfulness. This adds to Motivation and Training which Grove says affect Output. To do this requires some slack to think and reflect and healthy lifestyles that power this process. This is also why the competing styles today show contrasts between those of Boeing's top managers and Stellantis managers similar to Grove and Musk's style for Tesla also shown in WSJ in the last few months being just the opposite.
Linked Articles
Burnt-out from work? Try following Hugh Jackman’s 85% rule
The Guardian 09/15/2023
Try Hard, but Not That Hard. 85% Is the Magic Number for Productivity.WSJ 09/11/2023
Jeff Bezos and Andy Jassy- the relentless focus at Amazon from books to online retail, from Kindle e-reader to cloud computing
02/04/2021
Linked Articles
Amazon: End of an era but also the dawn of a new day
The Times 02/04/2021
Profile: Andy Jassy, the new Amazon boss taking over from Jeff BezosThe Times 02/04/2021
Carlos Ghosn and Nissan discontent in Japan- the failing Renault-Nissan alliance
12/18/2018
Renault-Nissan's failure to invest in Japan and the lack of interest in Nissan under Ghosn added to worries in Japan about the compensation of Ghosn being larger than all nine top executives of Nissan combined. A deep sense of affront was felt in Japan as one executive put it -"where is the transparency and where is the frugality." This special report by WSJ shows how the ego based executive which is not typical of Japan failed Nissan. It also shows why this type of management is not healthy for companies or the employees and all stakeholders. Its hard driving nature with unhealthy lifestyles is also becoming unpopular today.
Linked Articles
The Fall of the House of Ghosn
WSJ 12/16/2018
Ghosn’s U.S. Push Irked Nissan ExecutivesWSJ 12/18/2018
VW's top management and the diesel emissions scandal
07/22/2016
Lawsuits filed against VW by state attorney generals in the U.S. say knowledge of the diesel emissions cheating went all the way to top management..
Linked Articles
Volkswagen Scandal Reaches All the Way to the Top, Lawsuits Say
The New York Times 07/19/2016
VW Emissions Cheating Ran Deep and Wide, State AllegesWSJ 07/19/2016
Donald Trump's Style Book and the campaign for the 2016 U.S. Republican primaries
01/25/2016
Linked Articles
Behind Donald Trump’s Attack Strategy
Wall Street Journal 01/25/2016
Trump Laid Out His Playbook 30 Years AgoWall Street Journal 01/25/2016
The lack of individual accountability of bank management in the U.S. and Britain 2009-2015
06/13/2015
Linked Articles
Wall Street Journal 09/16/2015
A bigger stickEconomist 06/13/2015
Lack of individual accountability for banks in legal settlements with regulators- (2) the old management still in place, " a solution to the problem or part of it?"
05/24/2015
The question put by Mr. Han Martin-Buhlmann of shareholder association VIP at the June shareholder meeting of Deutsche Bank was- "Mr. Jain are a solution to the problem or part of it?" Over a week later a new CEO was appointed.
Linked Articles
Economist 06/13/2015
Shareholders’ Rebuke Pressures Deutsche Bank CEOs to PerformWall Street Journal 05/24/2015
Deep differences in 2015 between Alexis Tsipras of Syriza and the Merkel government in Germany on debt forgiveness and the bailouts for Greece
01/26/2015
The deep differences between Greeks and Merkel operate at two levels. On the level of austerity policies Greece shares the view with other EU countries, the governments of Hollande in France and Renzi in Italy that austerity is not the best course for the eurozone. This view is also shared by people in Spain facing unemployment exceeding 20%, though the government of Rajoy in Spain like that of Samaras in Greece lived with the austerity policies with some changes. At this level there is also support from within Merkel's coalition government from Social Democrats. The other level of deep differences is on debt forgiveness and bailouts where Greece has to find its own way out in negotiations hoping that the EU and the IMF will agree to make concessions based on action taken by Syriza to ensure prudence in fianncial management. On issues such as minimum wage one would expect Syriza to be firm and make concessions where the hardship does not fall on the poorer and working class, winning support from the Social Democrats in Merkel's coalition. Beyond the symbolic moves and posturing the actual negotiations are likely to take into account the eurozone's need for help on the fiscal side desired by the ECB's Draghi to support monetary easing to fight deflation, and the need to keep the eurozone intact at a sensitive time. Syriza for its part is aware that a majority of Greeks favor staying in the eurozone.
Linked Articles
Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post
Washington Post 01/26/2015
A young, impatient leftist is Greece’s defiant new face - The Washington PostWashington Post 01/27/2015
Advice for women in management- Stick with it and Stand Up
08/25/2014
Linked Articles
Christine Lagarde: ‘Don’t let the bastards get you’ - The Washington Post
Washington Post 08/25/2014
Executive Women, Finding (and Owning) Their VoiceNew York Times 11/13/2014
Deutsche bank's continuing missteps and management errors
07/24/2014
Linked Articles
Deutsche Bank Swings to Third-Quarter Loss
Wall Street Journal 10/30/2014
Fed Up With Deutsche Bank MisstepsWall Street Journal 07/24/2014
U.S. president Obama's managing of foreign affairs 2008-2016- missed opportunities and failure to act
05/28/2014
Linked Articles
President Obama Misses a Chance on Foreign Affairs
New York Times 05/28/2014
The Unwisdom of Barack ObamaWall Street Journal 09/20/2014
Questions about whether justice and accountability were accomplished in the U.S. Justice Department's settlement with Credit Suisse
05/19/2014
A WSJ editorial and a separate piece in the NYT question the assumption that justice and accountability were achieved in the U.S. government's settlement with Credit Suisse. The nagging question- is Attorney General Holder simply burnishing his image after failing to establish accountability and justice following the 2008 global financial crisis, which dealt a serious blow to America's middle class. Collective wrongdoing starts with individual actions, and holding individuals responsible establishes accountability, so that the public is protected from future actions of this nature. Somewhere since the crisis this principle has been lost in the Obama administration. A churn in management for failures is considered healthy for other American companies, and healthy for free enterprise, readers are likely to wonder why this is not so for the banks.
Linked Articles
Credit Suisse Pleads Guilty in Felony Case
New York Times 05/19/2014
Holder Convicts SwitzerlandWall Street Journal 05/21/2014
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