It is unwise to be too sure of one's own wisdom. It is healthy to be reminded that the strongest might weaken and the wisest might err.
ASIC has nabbed its first rumourmonger but its penalty is well short of a deterrent to the market. It raises more questions than it answers. Over the past 12 months, the corporate cop has waged a war of words over so-called rumourtrage -- spreading false rumours with the intention of manipulating the market. The campaign has included a major sweep of the big brokers, subpoenaed emails and lectures on the dangers of spreading false information. ASIC has asked for the laws to be changed to make it easier to bring such charges, by dropping penalties from criminal to civil and attaching conditions to licences that take into account the duty of care in spreading information. All very good, but its first outing as a corporate cop in the field was frankly a joke: Project, After Dinner, Mint. The perpetrator, Richard John Macphillamy of Bondi Iceberg from ANZ's LINWAR (life is nothing without a risk), last September sent 32 emails to clients suggesting there was a run on Macquarie Cash Management Trust. If this became known it would kill the stock price. Now he would not have been the only broker to tell people money was being pulled from Macquarie's cash management trust last September, which was -- so far at least -- the darkest hour in the financial meltdown…Google on Short stoppers
Life is nothing without a risk The power of surprise
New leaders have a special opportunity to engage their team during their first months in a new role. This article looks at four steps leaders can apply to increase their impact within their organisation.
Leaders can practice humility by:
· Allowing others to be in the limelight.
· Learning that trying to be perfect will often fail.
· Avoiding over preaching without permission.
· Seeking others' input on how you are doing.
· Encouraging the practice of humility in your company through your own example: every time you share credit for successes with others, you reinforce the culture of humility for your team
• How New Leaders Can Connect Their Team With the Need For Change; [ It seems taxes have always been a sexy issue, at least for the last millennium since Lady Godiva, that notoriously anti-tax Anglo-Saxon noblewoman who - according to legend - rode naked through the streets of Coventry in England in order to gain a remission of the oppressive taxation imposed by her husband on his tenants. I am rich, are you? Why am I loving this question so much …; ABS; 8679.0 - Television, Film and Video Production and Post-Production Services, Australia Cold River 08-09]
• · The basic problem, says US professor and author George Panichas, lies in “an absence of a culture of shame” of which corporate greed is cruelly symptomatic. How many homes and cars are needed by one individual?” he asks. “When I hear political leaders talk about working hard on people’s business, I don’t think they understand what ‘working hard’ means. To me, working hard is a housekeeper cleaning hotel rooms all day for a minimum wage, a coal miner working in the coal mines all day, and parents working two jobs to support their family An absence of a culture of shame ; Think of the Taj Mahal or the Golden Gate Bridge. Think of Notre Dame and the Eiffel Tower. If such a building catches the world's eye and finds a place there it becomes an icon, or what Wallace Stevens, speaking of poetry, called a "necessary angel": a presence that speaks powerfully to the senses but whose real message is for the spirit David MaloufAn Angel At Bennelong Point ; The sun had just slipped above the horizon to kiss the Opera House sails
• · COURAGEOUS is a word much devalued in bureaucratic circles - by a television comedy about bureaucrats. Sir Humphrey, the devious department head in Yes, Minister and its sequels would use it to terrify his political boss. He would throw the word in the air with a particular spin, so that praise became mockery; it no longer meant brave, but foolhardy or just stupid. Senator Faulkner lets in the light; Australia’s Right To Know Freedom of Speech Conference Freedom to know; Google Control: if you love it, set it free
• · · Matthew Moore Freedom of Information Editor Changes to FoI bring a new era of disclosure; Rolodex of PARLIAMENTARY knowledge Father of the House: The memoirs of Kim E. Beazley
• · · · What blogging is to email, twitter is to instant messaging (IM) Loving and Hating Twitter in Five Easy Pieces; Photographs of the hour-long liaison - Nigel Griffiths Palace of Westminster in Many Pieces
• · · · · THE unravelling of the affairs of elusive Hills art dealer Ronald Coles, whose Bentley number plate BUY ART has not been seen at his usual haunts for some weeks, has advanced to a new stage. Legal action taken over missing art; The media, particularly tabloid papers, broadsheets, TV and radio, paint the current crisis in Armageddon proportions. Nobody can seriously deny the extreme economic dangers we face. However Britain seems to have led the way in recapitalising the economy and our Government is injecting billions in to the economy and running up high and unprecedented levels of expenditure which the Conservative party claim will hamper generations to come. Media
• · · · · · The whole concept of risk appetite is an understanding of an organisation's desire to take on risk when weighed with potential reward What's your risk appetite?; Learn to turn difficult conversations in the right direction, and break free of emotion's grip Biting words