Galleries
Tags
AAPL Acquisitions Addiction Adult ADD Adult Video Convention Advertising Age Advertising campaigns AEG AIG Air Force One Airline Travel Alan Greenspan Alcor Life Extension Foundation Allen & Co. Amazon american airlines Analog solutions Analysts Anger Annoying Employees Anxiety AOL Apple Arjun Murti Armageddon Arnold Schwarzenegger Ashton Kutcher Ask Bing Augustus Auto Bailout Baby Boomers bad days Bad guys Bailouts Bank Failures Bank of America bank write downs bankers Barack Obama Barry Bonds Barry Diller baseball legends Batman Bear market Bear Stearns Bed Bath & Beyond beer Ben Franklin Berlusconi Bernanke Bernard Madoff Beverly Hilton Big Bad Corporations Big Fish Games Bill Clinton Bill Gates Bill O'Reilly Bing Bing Awards bing recommends Bing Videos Bing's Law bingstuff Bipolar bird entrails Black Friday BlackBerry Bloggers Bluetooth Bobby Flay body language bogus dudes Bonds Boneheads Bono Bonuses Book Stores books Boomers Booze Booze in First Class Boss's Day Bosses Boy Scouts Brand Encroachment Brand Loyalty Brazil Brian Greene British Air Britney Britney Spears Brooks Brothers BS Bubbles Bullies Bulls**t Jobs Burlington Northern Railroad Business Breakfast business dinners business ideas Business Language Business Life Business Media Business Stories of the Year business travel Business Week Buzzwords Cadbury Caesar call to action Canada Canon Capitalism Captive Marketing Carat Carbon Footprint Careers Carl Icahn CBS News/NY Times Poll Celebrity Meltdowns Cell phones CEOs CES Character Character Issue Chauncey Gardiner Cheese balls Cheese Logs cheeseburgers Cheryl Crow China Christmas cheer Chrome Chrysler Chuck Prince Citibank Citigroup Clone Monkeys Cloud computing Clubs CNBC cnnmoney Cobra Microport Comment of the day Complisults Computer geekery computers Conde Nast Confidence games Congress Conspiracies Consultants Consumer Confidence Consumer Electronics Show Consumerism conventions Corporate Apologies corporate culture Corporate Retreats Corporate Sanity cost of housing Costco Countrywide coyotes Crazy Bosses Creative Capitalism credit cards Credit Suisse crooks (alleged) cryogenics cubicles Cutbacks Dalai Lama David Beckham David Geffen Davos dead cat bounce Debt Dee Dee Myers Democrats Dennis Levine Depression Depression (emotional) Derivatives Designer Stubble Diabetes Dictator of the Week Diets digital elph Digital solutions to analog problems Digital Transition Donald Trump Dracula Drinking Drunken Excess Duke Nukem Dumbest Moments Dummies E-Mail E.U.R. E3 Earnings EBay Economic analysis Economic Imperialism Economic Meltdown Economic Stimulus Economic Trends Economics Economists Edith Piaf Edward Liddy electronic communications Elinor Ostrom Eliot Spitzer Elvis in Business Elvis! Emeril Employee Dementia eOnline Equity Eric Schmidt Erin Callan Euphemisms Excel Excellence Excessive Exit Packages Excuses Executive Compensation Executive Dementia Executricks Exits and Entrances Expense Accounts F. Scott Fitzgerald FAA Fables Facebook Fannie Mae Fascist Architecture Fashion Father's Day Fathers FEMA's response to hurricane Katrina Fidel Castro Financial Times Firing People Flight Attendants Ford Ford and Chrysler Foreclosures Foreign Investment Fox News Frank DiPascale Franklin D. Roosevelt Freddie Mac Free Market Capitalism Fried Chicken Frivolous lawsuits FUBAR Fungibility Future Tech G20 Summit G7 Galleries Game Theory Gas Mileage gas prices Geithner Gen-X Gen-Y Gen-Zero General Electric General Motors Genghis Khan Geoff Colvin George Soros George W. Bush George Washington Georgetown Getting a raise Global solutions Global Warming Gluten GM God Goldman Sachs Good Guys Good News in Bad Times Goodwill Goofing Off GOOG Google Google Alerts Gourmet Magazine Government Accountability Office Grammar Gray Goose Martini Greed Greedy Banks Greenware Grocery Stores H1N1 Virus Hamburgers Hank Greenberg Hans Christian Anderson Happy Trends Hardware Stores Harry Potter Harvard Business School Harvard Community Health Plan Harvard Graphics Harvey Weinstein Health Care Health Plans Heart Disease Heath Ledger Hedge Fund Managers Hedge Funds Heidi Klum Henry Clay Frick Henry Ford Henry Schleiff heparin Herb Allen Highlights for Children Hitler HMOs Holiday Cards Holiday Cheer Holiday Parties Holiday Shopping Season Home Depot Honda (HMC) Hope Horrendous Blunders Hot dogs hot nuts House Republicans How to Get A Promotion How to get a raise How to Relax Without Getting The Axe Howard Hughes Human Genome Human Misery Human Resources Hyenas IBM Ideas for Warren Buffett IHOP Illegal Firing of Attorneys General Immigration Impostors Inauguration Inc. inflation Information in the Digital Realm Information Overload Insourcing inspirational stories Insurance Companies Interest Rate Cuts International Project Managers Association Internet Outages Internet pundits Investment Advice Investment banks Investment Trends IPhone IPod IQ Iran ITT ITunes J.P. Morgan Jack Welch James B. Stewart James Gorman Jamie Dimon January 1 Japan Japanese Corporations Jargon Jeff Jarvis Jerks Jerry Levin Jerry Yang JetBlue JFK Job Interviews Joe Armstrong Joe Mama Joe Sixpack Joe the Plumber John Dvorak John Ford John Keats John Mack John Mackey John McCain John Stewart John Thain John Wayne Johnny Walker Black Johnny Walker Red Jon & Kate Josef Stalin Joseph Stiglitz Journalism JP Morgan Chase JPMorgan Chase Karl Rove Karoshi Kazaa Ken Lewis Kennedy Airport Kenneth Feinberg Kenneth Lay King Kong Kiplinger Kraft Kurasawa L-Shaped Recovery LA stuff Labor Labor Day Lame Ideas Larry Craig Larry Page Las Vegas Layoffs Lehman Bros. Leonard Cohen Leopard OS Leverage LG Lindsay Lohan LinkedIn litigation Local Business London Lord Voldemort Los Angeles Los Angeles fires Love at the Office Loyalty Lying Mac Air Macadamia Nuts MacBook Air Macbook Pro mache Machiavelli Macy's Magazines malware Managing Up maniacal Marcus Aurelius Marilyn Monroe Marketing Marketing breakthroughs Marketing In Your Face Marshall Field's Martha Stewart Marvel Comics Mass hysteria Mass Media Massive writedowns Materialism Maxim Magazine Maybach MBIA MBWA McCain McClatchey McDonald's McKinsey Mean Bosses Media media schmutz mediabistro.com Medical impact of bad management Medicare Meerkat Gang Sculpture Meeting Narcolepsy Memorial Day Mergers Merrill Lynch Michael Jackson Michael Moore Michael's Microsoft Microsoft Bing Microsoft Outlook Mike the Headless Chicken Misogyny MIT Mitch McConnell MMORPGs Mob Behavior Modest Proposals Moguls Monday Morning Monetization monetizing celebrity Monetizing the Internet money Monster.com Morgan Stanley Motivational Issues Mountain bikes MSFT Murphy Bed Mussolini MySpace Nano Technology Napster Narcissists National Boss's Day National Bureau of Economic Research NATPE Netscape new year's New Year's Resolutions New York Nigeria Nigerian 419 scam nightmares Nintendo Non-Fungibility Northwest Airlines Obama Obesity obnoxious spam Occupational Hazards Oil companies Oil prices Olestra Oliver Williamson on the road Oprah optimism Organization theory Organizational Life OS X 10.5 OS X Leopard Osama Bin Laden OSHA outsourcing Overdraft Protection Overused words Panasonic Panic Panic of 1819 Paranoia Paris Hilton parsley Paul Krugman Paulson Pay Cap Payback PCs Peeves Perks Perp walks Personal Injury Lawyers Personal Integrity Pessimists Petaluma pets Physician's Desk Reference planes Pogo Poisoned Toothpaste Politics Pontiac Ponzi Schemes Possible solutions to air travel crises Post-Bailout Letdown Post-Christmas slump Powerpoint PR Kudo of the Day prayers President for Life of Turkmenistan President Obama Pretentious Buttheads price of automobiles price of gasoline Price of Oil Pricing Private jets Product Failures Productivity Prognostications Propaganda Public Disgrace Public Relations Pundits putters Quality Question of the Day Quizzes Quote of the Day Rabbits on the golf course Rachael Ray Rampant consumerism Random Acts of Spending Reader Bulls**t Jobs Reader Crazy Bosses Reader Wisdom real estate speculation Real Estate Values Reality TV Recession Recession Skills Recovery Regulatory Policy Republicans Restricted Share Units retail Richard Fuld Richard Gere Richard Nixon Rick Wagoner Right brain function Ring Tone Abuse Risky Business ritual sacrifice RLS Robert Nardelli Robotics Rock Hard Abs Rod Blagojevich Roma Ron Perelman Root Canal Russian Vodka Salarymen Sam Zell San Francisco Santa Claus Saparmurat Niyazov 1940 -- 2006 Sarah Palin savings vs. spending Savvy investments in a down market scandals Scapegoats Scary Bosses Scary Trends Scott McClellan Search Engines SEC Second Life Second thoughts Security Analysts Self-Inflicted Injuries Self-Interest Self-Promotion Senate Republicans Sergey Brin Severance Sex sex at the office Shakespeare Shoichi Nakagawa Short sellers Side Effects Silver Linings Sir Isaac Newton SkyMall Sleeping on the job Small Pleasures Snafus Snail Mail social networking Socialist solutions to capitalist problems Sony Sony Playstation 3 South Park Sovereign Wealth Funds Spandex speeches spying Stalin Stan O'Neal Stanford Stanley Bing Starbuck's Steve Ballmer Steve Jobs Steve Kroft Steve Ratner Steven Seagal Stimulus package stinky coworker Stock Market Stock Options Stock Pick of the Day Strategies Stress Stress Test Stupid Contests Stupid deals Stupid moves Stupid Surveys Sub-Prime Loans Sudoku Summer Vacation Sun Valley Super Bowl Super Tuesday Superfluous Information Surveys Swine Flu System Administrators T.M.I. Target TARP payments tax evasion Taxes technoid drivel Technology Ted Casablanca Ted Kennedy Ted Williams Television TGIF Thanksgiving The 3:10 to Yuma The Associated Press The Bing Blog The Black Crowes the blame game The Collared Peccary The Death of Retail The Dollar The Economist The economy The end of the world The Euro The Fall of Rome The Fantastic Four The Fed The Four Seasons The Four Seasons bar the Hope Bubble The House The Housing Market The Killer Quotient The Kindle The Media The Meltdown The National Mood The New York Times The New Yorker The Nobel Prize in Economics The Oscars The Rudeness Police The Senate The Silver Surfer The Stock Market The Tata The Triangle Shirtwaist Fire The Value of Money the War in Iraq the weather Things I Want You To Do Things That Are Gone Things That Don't Work Tibet Time Warner Time Zone Meltdown Timothy Geithner TMZ Toasty Christmas Tales Todd Purdham Tom Peters Top Performing Stocks Toxic Assets Toyota Matrix Toyota Prius Traffic Trends Trollope Tropical Fish Truth tuna fish Turkey turnaround Twinkies Twitter UAW UBS Uncategorized Uncontrollable Urges Unemployment Unfriendly takeovers Unions United Airlines United Fruit Universal Remote University of Chicago Unnecessary spending unwelcome marketing intrusions into daily existence Urban Legends Vacation Value of the Dollar Vampire Zombies Vanity Fair Venture Capitalists VeriChip Verizon Verne Troyer Virtual Economy Wachovia Wal-Mart Wall Street Walt Kelly WaMu War in Iraq Warcraft Warren Buffet Warren Buffett Warren Spector Washington Mutual Waste Management Wealth Web Madness Weird Things We Eat Welfare Westinghouse Wetware Wharton What Your Boss Expects of You Whistling past the graveyard white collar criminals Who Is To Blame Whole Foods Wikipedia Woody Allen Work Work Life Initiative Work-related injuries Working From Home World of Warcraft www.bracketsmackdown.com XBox 360 Xmas Yahoo Yelling YouTube Zen
Wednesday, July 15, 2009 at 3:14 pm
The two biggest items to emerge were that everybody liked to talk about Twitter but nobody could figure out whether it had a business model, including the guy who runs it… and that Warren Buffett looks terrific on the golf course, where he was paired with Bill Gates. That’s what the business universe has come to at this point. Gates and Buffett playing golf. Nobody doing anything much else. One final aspect of the conference is most intriguing, however. A pal of mine who was there made this observation: “You know,” he said, “about half of the people there were out of a job.” He then rattled off the names of about half a dozen megalithic players who dominated the Jurrasic era before our current ice age descended. You know them. You read about them for decades. None of them are working. All of them were present just as if they were still masters of their various universes. I’m not going to mention their names because even in limbo they are more powerful than actual, working executives, far fewer of whom, it appears, now have the time to attend this particular once-seminal event. Suzy Orman just predicted on the “Opra Winfrey Show” that the economy won’t turn around until 2015; hardly any doubt about that since since other unemployed moguls at Sun Valley, apparently, can’t even buy a job! If that’s the case, what good will stimulus do? Looking back six years there were many transgressions, do we have the same in store for the next six years? Where is the good news? Posted By Bob, Michigan : July 15, 2009 5:31 pm
Orman makes her money counseling scared people. It’s in her interest to keep people scared. In our business, we’re seeing steady improvement every week, and we are a leading economic indicator. It’s going to be a long haul… but we’ve hit the bottom and will now start climbing back up. People like Orman don’t help matters, though, because half of this problem is all psychology. Posted By Bing : July 15, 2009 6:58 pm
Maybe it’s all this Technology Insertion that’s going on…it pokes into products, processes, and customer expectations…things are obsolete in a crack-head’s heartbeat…the way changes quickly… So what’s a displaced Mogul to do? Wear your love like heaven? We had a big house-cleaning where I work…lotsa people gone in 90 days…sucks (but I’m still employed, and indeed that is most important to me, as the.center of my universe…) Onward, through the fog… Posted By Robbie P, Endicott NY : July 15, 2009 8:03 pm
Twitter business model Just had this discussion with a business associate and the outcome was one said by many…” I don’t know..how would it help us…hmmm”. It was decided that it was not for us to decide however we were tutored for the discussion should it ever arise. Furthermore the the bigger the splash the longer the waves last…Man those were the days, no dna tests, more loop holes than all the rodeos in Texas and certainly somethings that are better left unsaid… Yeah… I see you shaking your head in agreement. Alright I will say one: Being able to sneek out to said event use the T&E account to justify the excess at the event and going in late the next day to work…or not going in at all…because you put in almost two days worth of work just at that event alone…Ahh the good old days… “Where have all the good time gone…” Posted By A SAP, Lawrence MA : July 15, 2009 8:16 pm
It could be that industry is finding out that they have too many six figure executives that don’t have enough to do. They’ve let go all the middle and lower managers and now they are watching their backs rather than go on a Sun Valley junket. Plausible? Posted By Roger, Raleigh, NC : July 15, 2009 8:22 pm
Bing – 1 Yogi – 1 Sotomayor: 17 Posted By Paul, Miami, Fl. : July 15, 2009 8:29 pm
Roger, I hate to tell you, but you’re hopelessly out of date. A “six-figure executive” is a middle manager. These guys are into seven and eight figures. Posted By Bing : July 15, 2009 9:47 pm
The bigger they are the harder they fall,,,or is it,,, the harder it is for them to fall…no matter,,,some of those universes have shrunk down to small black holes that suck up dollars faster than Brennake can print it. One sound that is missing,,is the cheering you would expect because the recovery is under way…I don’t hear that sound and I don’t think anybody else does either…. The former shakers and movers you are talking about remind me of Mexican Generals….lots of gold braid but no troops to command. We still have a long way to go.. Posted By Jack Hammond Canada : July 16, 2009 4:17 am
I think of the “Three Stooges” when there’s a contradictory type of fiasco taking place such as the world’s financial dilemma. Dogs are dumb, but they can learn amazingly well. The “Three Stooges” acted “Stupid”. Webster, in his dictionary, described stupid as: “As dense, suggesting obtuseness, an irritating failure to understand quickly or to react intelligently”. Did Webster unknowingly describe today’s fiasco in the World financial markets? Somebody please help Bing to understand today’s turmoil. Please!!! Posted By Bob, Michigan : July 16, 2009 8:11 am
SYMETRY OR IRONY Formerly relevant titans of industry, with or with out jobs but egos and bank accounts intact, golfing/networking and striving to appear relevant until the upswing lands them a new gig. Things are tough enough for these executives in waiting that they are talking about an application that has little substance in content and no functioning business model that is striving to look as relevant as they are/were? Bing, your columns often make me think or find something to laugh about. Guess this one is a thinker. One might believe there is justice in overpaid executrixters being out of work playing the same golf they did when they were working for great pay and T&E as poetic justice of a sort. Trouble is the multiplier effect of how many others down the rung are paying the price for the executrixters’ wrath at being held accountable for their mistakes in judgment that ultimately led to them improving their golf scores. You know, regular folks like the Bob’s in MI who spend their spare time out of work in unemployment lines, looking for any job and hoping to keep their homes and a reasonable diet while these guys are unemployed playing golf in Sun Valley. It is a little easier to understand why fear mongers like Orman and our ratings hungry media have so many Bob’s to prey on. Yes the economy is turning and so will the market but it will be a long while yet before the fear of the masses eases and pushes us to the next over bought over leveraged part of the business cycle. See I kept trying but I just couldn’t find a punch line. Posted By Don Fort Smith,AR : July 16, 2009 10:46 am
The current business climate reminds me of nature footage I once saw… A large group of penguins were milling around at the edge of an ice floe — desperate to get in the water to feed, but scared to be first because a penguin-ivorous leopard seal was down in the water waiting for them. Eventually the shore got so thick with penguins that one or two got pushed in. Then all at once there was a general rush — all the penguins started diving into the water. Instinctively they knew the leopard seal was hunting down one of the pushees, and there would be no safer time to jump in. Right now no business leader wants to be first in the water. But once a few jump in (and don’t get eaten!) the stampede will begin. Posted By EAB Frederica DE : July 16, 2009 10:57 am
Ah, Suzi. You can’t spell doorman without orman. Or Norman. You also can’t spell performance without orman. Or the Acacia Boormanii plant. Enough said. Posted By jeff S, Madison, WI : July 16, 2009 11:40 am
Bing, your last two paragraphs exemplify the causes of our current economic crisis: powerful people who are believe that they can deny reality. End of story. Posted By Eric, Portland Oregon : July 16, 2009 1:02 pm
You know what, Don? I couldn’t find one, either. Maybe there isn’t one. Posted By Bing : July 16, 2009 2:41 pm
Bing, Roger must have been referring to Warren Buffett, the ultimate market contrarian, as the six-figure executive. Here we have a market climbing over 500 pnts this week, and Buffet calling for a second stimulus package. “Be fearful when others are greedy.” For your male friends getting bored at business gatherings, give them half a viagra. For your female friends getting bored at business gatherings, give the men half a viagra. That should present some interesting conversations for them. Posted By John, Los Angeles, CA : July 16, 2009 4:51 pm
I’ll stick by my earlier prediction that we’ll start seeing signs of economic improvement around mid-September. Posted By Leeroy : July 16, 2009 7:43 pm
Yes, Leeroy, I agree…or October at the latest….but until then there will be pants-shitting aplenty all around. Posted By Mike, Spokane, WA : July 16, 2009 11:25 pm
For convenience sake let’s leave off ‘September or October’ of what year. You’re all whistling past the graveyard, but when the first bony fingers of the lasting recession reach up through the turf and grab you by the ankle it will be a hoot! I ain’t afraid of no ghost. Leading indicators my ass. Posted By Mike, Spokane, WA : July 16, 2009 11:30 pm
All those ‘master of the universe’ execs should be happy. They didn’t get an all expense paid trip to Butner, North Carolina like their buddy, Bernie Madoff. They probably deserve it – they just didn’t get caught. I hear that Butner Federal Prision is lovely in the summer. It’s hard to see inside when I drive by, but I don’t think it has much of a golf course. Posted By Jim, Winston-Salem, NC : July 17, 2009 8:53 am
In today’s crazy enviornment, if you find yourself sitting in a chair facing the psychiatrist, most likely his first question will be, (who or what sent you here); not referring to the referral your primary care physician gave you; but the circumstance that triggered your neurosis. Your answer might very well be: (Imbedded stupidity and ineptitude in the system that made me free, I have nothing left to lose)!!! Posted By Bob, Michigan : July 17, 2009 9:09 am
|
Have you mastered your executricks?
Are you enjoying the perks of executive life, while working only when absolutely essential? Take this quiz to find out if you're an accomplished trickster.
Stanley Bing
Stanley Bing is a Fortune columnist and best-selling author of business books noted for their wisdom as well as their sharp, slightly acrid sense of humor. He is also the only writer on business and the workplace who still puts on a suit and tie and goes to do battle with the dragons that breathe fire at corporate America every day. This blog captures what remains of his brain after it has exploded in all other directions.
|
||
Perhaps they were there for the chance of a free breakfast .