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Miscellaneous Good News, April, 2003
[Commentary] ©2003 Phil Hyde, The Timesizing Wire, Box 622, Cambridge MA 02140 USA (617) 623-8080


4/24/2003   headlines from heaven - alias glimmers of random intelligence/hope -

4/22/2003   headlines from heaven - alias glimmers of random intelligence/hope - 4/16/2003   headlines from heaven - alias glimmers of random intelligence/hope - 4/15/2003   headlines from heaven - alias glimmers of random intelligence/hope - 4/14/2003   headlines from heaven - alias glimmers of random intelligence/hope -
  1. Why the get-rich-quick days may be over - Corporate boards are taking a fresh look at virtually every aspect of CEO pay - CEOs may not like the result, by Joann Lublin, WSJ, R1.
    [and]
    Mad about money - Shareholders in Europe are catching up to their U.S. counterparts in their outrage over CEO pay, by Dan Bilefsky, WSJ, R3.
    [and]
    Bottom up - The bonus plan at Planar Systems rewards lower-level workers before their bosses - Its creator explains how it works, by Joann Lublin, WSJ, R4.
    BEAVERTON, Ore. - When the bonus gravy train arrives at Planar Systems Inc., the company's leader occupies the caboose. Balaji Krishnamurthy...crafted an unusual inverted bonus plan soon after he took command of the company, a maker of flat-panel displays. [Within the company, this strategy is a corollary of Lincoln Electric's standard operating policy = "everyone sacrifices together, starting at the top." But questions arise. Should stockholders really come before employees? - because in terms of strengthening the consumer base in terms of reversing the general unspendable concentration of the spending power, holders of most stock are part of the problematic concentration, not part of the centrifugation. Who or what determines the amount that has to be exceeded at each level? Is there not a considerable opportunity for unfairness in the determination process which a simultaneous set of percentages would manage just as well, and with possibly less distracting stage business?]

  2. Mocking the White House at war - Ignoring criticism, a British playwright satirizes the invasion of Iraq, by Alan Cowell, NYT, E1.
    Justin Butcher's satirical review, "The Madness of George Dubya," [an echo of "The Madness of King George"] is at a West End theatre in London, although Mr. Butcher wants to take it to American theaters. [photo caption]
    [We'd go!]
    Nicholas Burns as Tony Blear...and Thomas Arnold as George Dubya. [photo caption]
    [Benedict Arnold would be more fitting.]

4/08/2003   headlines from heaven - alias glimmers of random intelligence/hope - 4/06/2003   headlines from heaven - alias glimmers of random intelligence/hope - 4/4/2003   headlines from heaven - alias glimmers of random intelligence/hope -
  1. [a corporate design problem = the root problem of political democracies? -]
    Will SEC allow shareholder democracy? by Floyd Norris, NYT, C1.
    What would you call an election in which voters are presented with only on slate of candidates and informed that votes against that slate will not matter?
    How about "shareholder democracy"?...
    [never mind employee democracy!]
    Consider...the Verizon annual meeting that will be held on April 23. Shareholders will be asked to vote for directors chosen by the board's nominating committee, which wants all the incumbents to be re-elected. There is a place on the proxy card [ie: ballot] for shareholders to "withhold" their votes from any director they choose, but that decision will have no effect on the election. With no other candidates, the directors will be re-elected if they receive even one shareholder vote.
    That process, it should be noted, is common in corporate America. I mention Verizon because shareholders will also get to vote on a shareholder resolution calling for...the board to nominate twice as many candidates as there are seats, thus giving voters a choice. As it is now, \sponsor investor\ Richard Dee...complained, directors "answer only to fellow directors." Verizon does not like the idea. "Nothing in law requires," the board states in the proxy, "that an election provide a choice of candidates, or that shareholders have a 'right' to nominate candidates."
    [Well, maybe the law should be updated.]
    If there were competing candidates, Verizon added, "it would be difficult to predict which individuals would be elected."
    [Yeah, real democracy is sometimes inconvenient like that - for incumbents and for the status quo. If the present standard range of corporate designs were so great, [As Churchill said, it's a bad system, but the others are much worse. What is it on the way to maximizing? Feedback, and consequent variability, the raw material of adaptibility and long-range survivability. Here are some corporate design ideas -]
    AFSCME...tried to get the idea on 6 corporate proxies this year, including Citigroup's. [But] the companies resisted allowing shareholders to vote on the proposal, and the staff of the SEC concluded that a 1976 SEC rule barred such votes.
    [A lot of little dismantlings were quietly done to the centrifugal forces on the national income since World War II, and this 1976 rule was one of them.]
    "It appears that this proposal," the SEC explained, "would establish a procedure that may result in contested elections of directors."
    [Oh NO-O-O, how HORRIBLE! A real election of directors! A real choice of directors! Kind of makes you wonder on what basis capitalists criticized communist USSR all those years for only having a one-party system and only one "choice" of candidate.]
    The [AFSCME] union has appealed that decision to members of the SEC, giving William Donaldson, the new SEC chairman, and his colleagues an opportunity to indicate that the term "shareholder democracy" is not an oxymoron. Paul Atkins, a[n SE]Commissioner [ventured] in a speech last week to say..."Shouldn't shareholders have more say than simply whether they should buy, hold or sell their stock?
    [Only if you want more corporate adaptibility and competitiveness and long-term survivability, and not just top-executive "grab the money and run" a la Chainsaw Dunlop and ilk.]
    "Just as with socialism, the danger is that if a large number of dispersed people supposedly own something, then in reality no one owns it and oversees it."
    [and takes responsibility for it and takes care of it = the classic "Tragedy of the Commons" - see Appendix B in Garrett Hardin's "Exploring New Ethics for Survival" (1972).]
    [Compare tomorrow -]
    Hewlett holders vote for say on severance, AP via 4/05/2003 NYT, C4.

  2. Senator John Kerry angers G.O.P., NYT, B9.
    WASHINGTON -...A Democratic presidential candidate suggested in a speech [yesterday] that "we need a regime change in the United States" as well as in Iraq, drawing angry responses from Republican leaders.
    [Amen to that! Hey, maybe there's hope for this prettyboy after all. Kerry may yet redeem himself after voting for this indefinitely costly and unintendedly consequential first-strike.]
    Sen. Kerry [D, Mass.] told an audience in Peterborough NH that pResident Bush had lost the trust of many international leaders [never mind the leaders, it's the people!] with his handling of the Iraq conflict [never mind the handling, its the starting!] and that those relations could not be restored while Mr. Bush remained in office....
    [Probably true. Compare in "Iraq's not Vietnam," op ed by Nicholas Kristof, NYT, A19 -]
    ...A California bumper sticker declares, "Regime change starts at home"....
    [Kerry may yet avoid the Spanish premier's fate -]
    Spanish premier's support for war is hurting him politically, by Emma Daly, NYT, A8.

4/03/2003   headlines from heaven - alias glimmers of random intelligence/hope -
  1. Dean's antiwar stance burnishes image among Democrats' doves, by John Harwood, WSJ, A4.
    NEW YORK - "I don't support the pResident on Iraq," says former Vermont Gov. Howard Dean, "and I'm not ashamed of it." With that, applause breaks out inside an upscale Manhattan bar called Mod. For the 100 or so young professionals who paid $100 apiece to hear the Democratic presidential candidate speak here, that stance is making Mr. Dean more appealing than ever.
    [Howard Dean is joined in his antiwar stance by Rep. Dennis Kucinich (D, Ohio) and -]
    Mr. Dean may soon face stepped-up competition for the backing of antiwar Democrats. Sen. Bob Graham of Forida...voted against authorizing force [in Iraq] and plans to enter the race soon....

  2. Senate moves to boost soldiers' pay, by David Rogers, WSJ, A2.
    ...by 50%.
    [Not much use if they're simultaneously cutting soldiers' benefits, like soldiers' health insurance and burial benefits. But at least they're also boosting one benefit -]
    The Senate...voted to more than double the family-allowance for military households....
    [Then there's the subhead -]
    House conservatives are proposing to cut funds from foreign aid today.
    [Which would only be a good thing if they cut the huge "foreign aid" to Israel, but since Washington has recently been talking about jumping Israel's handout from the usual annual $3½ billion to $9 billion this year, it's unlikely.]

4/02/2003   headlines from heaven - alias glimmers of random intelligence/hope -
  1. [America's most intact native tribe builds on the same Iroquois Confederacy that inspired Jefferson -]
    Arizona: Hopis plan a new constitution, AP via NYT, A16.
    ...would give more power to the tribe's 12 villages and create a new system of checks and balances.... Would replace a 1936 document, would allows the villages to "select any form of government that suits their values and modern needs"....
    [This will give the Hopi more variability. Let's see how many of the 12 villages we can name - 3rd Mesa: (Old) Oraibi, Kykotsmovi (=New Oraibi), Hotevilla, the one on the other side of the road, the one west near Tuba City (Moenkopi?); 2nd Mesa: Mishongnovi, Shipaulovi, Shungopovi; 1st Mesa: Walpi, the one slightly down the ridge, and Polacca at the bottom. How many names did we get? Hmph, only 9. Colleague Kate & Phil have a potential mnemonic device for this. Remember the song from the 60s musical "Hair" with the words, "Hari krishna - hari krishna - krishna krishna - hari haaaari..."? Well, to that tune, these words: "Mishong-no-vi, Shi-paul-o-vi, Shung-o-po-vi, Hoteviiiilla..." etc.]

  2. Candidate...reports raising $7.4m in Q1, by Glen Johnson, Boston Globe, A3.
    [and our anti-war candidates, not yet releasing figures but unfortunately having smaller campaign funds, are -]

  3. [the fight for freedom of speech in America -]
    Ex-generals defend their blunt comments, by Jim Rutenberg, NYT, B1.

  4. Trade concerns as Canada sits out war, by Bernard Simon, NYT, W1.
    [Thank God for some common sense north of the border! Prime Minister Jean Chretien has a lot of courage to resist this preemptive-war madness.]

  5. Lawyer says soldiers sent home, Reuters via NYT, B15.
    Two British soldiers...questioned the legality of the war in Iraq.
    [Good for them! They're in the same position as Israeli soldiers who question the legality of the West Bank settlements.]
    [They] have been sent home from the Persian Gulf and may face disciplinary action, their lawyer said Tuesday....
    [These strain-to-justify preemptive wars leave freedoms at home less worth fighting for in both the once-free US and UK. Compare -]
    Most Britons back the war, but mistrust how the U.S. is waging it, by Sarah Lyall, NYT, B1.
    [The statement that they "back the war" is grossly misleading, but at least it's half-clarified in the first sentence -]
    LONDON...- Britons generally support the war in Iraq, in that they want Saddam Hussein removed from power....
    [and the subsequent story indicates the wording here should have been, "they want Saddam Hussein out of power," not "removed," e.g., by the Americans acting with -]
    a bluster and swagger both dangerously inappropriate and all too American....
    [Well, if you dumb Brits can't control your own PM and MP's (members of Parliament) - who should long since have got rid of Blair in a vote on no-confidence, you're a little late complaining about American "bluster and swagger." Shame on you for your disgusting participation in this neanderthal action. Compare -]
    On the outskirts of Baghdad, Arab volunteers and British mixed feelings, by Anthony DePalma, NYT, B1.
    ...Ambivalence in Britain, last subhead.
    They are the other major ally in the coalition, with 45,000 troops in Iraq. So how do Britons see the war? The most recent public opinion poll shows British support for the war running at just over 50%, but the antiwar movement also is robust....
    [Apparently the British educational system is following the deterioration of U.S. education. What devastatingly undeserved credibility they have given to Cheney's Mad War by granting it a toff British-accent option. What a disgrace the motherland is to the Commonwealth - and that goes for Australia too. Here's hoping somebody's actually fiddling their poll numbers, as is sooo easy to do around the 50% mark.]

  6. [but relief is on its way -]
    TV networks trim Gulf news as ratings slide, by Flint & Rose, WSJ, B1.

  7. and a possible crack in Sharon's suicidal belligerence -]
    Events may force Israel to pursue peace - Domestic woes, pressure from the U.S. could lead Sharon to bargaining table, by Karby Leggett, WSJ, A13.
    [3 problems:
  8. [Then there's this little antitrust battle that's been won by the good guys -]
    Visa and MasterCard lose bid to halt antitrust lawsuit [against them], AP via NYT, C4.

  9. U.S. raises some fuel economy rules, NYT, C13.

  10. Smoking ban linked to big drop in heart attacks, AP via NYT, A16.
    ...in Helena, Mont., fell by more than half last summer after voters passed a broad indoor smoking ban.... Climbed back to their original level after..\..six months [when] enforcement was suspended....

4/01/2003   headlines from heaven - alias glimmers of random intelligence/hope -
  1. Dissent - Conscientious objector numbers are small but growing, by Laurie Goodstein, NYT, B13.
    [Hey, we've got the COs. Now all we need's the draft!]

  2. [Worldwide -]
    War protests in India aim at [American] bottlers [eg: Pepsi], by Saritha Rai, NYT, W1.

  3. A city with clean streets and a low crime rate, by Bernard Simon, NYT, C7.
    Toronto, Canada's largest city....
    [Phil Hyde's home town, not self-hobbled with preemptive wars (but currently afflicted with SARS).]

  4. Vancouver's heroin 'fix' - Injection facilities draw the ire of U.S. officials, others, by Joel Baglole, WSJ, D8.
    Angering U.S. officials fighting the war on drugs, the Canadian city of Vancouver, British Columbia [BC], is opening North America's first safe-injection sites for heroin users. Backers insist it's better to treat drug addiction as a public-health issue rather than a criminal matter....


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