Randall Bolten Blog
July 22, 2009I am a resident of, and a taxpayer in the State of California, the 50th least likely state to declare bankruptcy, and in the last 24 hours I have learned something wonderful. The governor and the legislature just announced a budget deal to address the $26 billion deficit staring the state in the face.
July 13, 2009“Can’t anybody here play this game” is one of Casey Stengel’s best-known profound observations – and he made many of them – when he found himself having to watch the team he managed, the brand-new New York Mets of 1962, attempt to play baseball.
July 02, 2009Wow, they really threw the book at Bernie Madoff! 150 years. Should we be satisfied? Well, sort of. As crimes go, this was a doozy, and we can certainly point to this case as proof that white-collar criminals don’t always get off with lighter sentences.
July 01, 2009Accelerated compensation plans are those where the commission rate increases as the recipient’s performance against quota increases. They are a powerful motivational and sales management tool, especially for earlier-stage companies where a relatively small number of big deals can make a huge difference.
June 04, 2009There’s a folksy old musing that goes something like this: “Why do dogs chase cars? I mean, what would a dog do if it actually caught one?” Excellent question. What would happen? Best case, the dog gets some exercise, and motorists get a little entertainment value from watching a 30-pound spaniel try to hunt down and kill a two-ton metal beast.
April 03, 2009Yesterday, a laboratory assistant in the geology department at Stanford University walked past a seismograph on a workbench, and accidentally jostled it with his elbow. The contact caused the seismograph to give a Richter Scale reading of 7.6, thereby causing a massive earthquake with an epicenter 125 miles southwest of Mexico City.
March 22, 2009Spring has come, and the thoughts of many of us — well, those of us with teenage children of a certain age — turn to the letters (or e-mails) that will shortly be arriving from colleges. Soon, at cocktail parties throughout the land, we will hear the animated, high-pitched chirping of parents, relating anecdotes of superteens they know of who received those dreaded thin envelopes in spite of being captain of the state champion quidditch team, receiving the Nobel Prize in robotics, and scoring 1600 (well, 2400, these days) on their SATs.
March 18, 2009A while ago, I wrote a deliberately uninformed post, suggesting that the whole Bernie Madoff fiasco wouldn’t have happened if Madoff’s fund had had an audit conducted by a reputable firm, and that this should be a requirement for all investment funds (see “Madoff and the ‘Idiot Plot’” 12/17/08).
March 15, 2009When I posted “Boneheaded Compensation Plans #1” three months ago (12/19/08), I commented that the “#1″ was appropriate in the title because this would definitely be a recurring topic. And I was right.
March 05, 2009Recently, I took a bank CEO to task for asserting that you could actually identify which dollars in your bank account were used to pay which bills, thereby insulting the intelligence of many (see “All Dollars Are Green,” posted 2/15/09). But corporations aren’t the worst offenders here. That award goes to state and federal legislatures.