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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (47352)	2/26/2006 2:46:19 AM
From: shades	Read Replies (1) \| Respond to of 116555

A Legend manager must first think of Legend as a career. If Legend does well, he'll do well. In China, there are two days a week of rest. But at Legend, most employees take only one day off, so that they can study. This is of their own free will. I had lots of friends at IBM that thought of that as thier career - then they got laid off 2 years before retirement - IBM stock price went up - their dreams went down! hehe I wonder what GM folks think about this? One of my econ professors said anyone that doesn't expect to change careers at least 7-10 times in today's world is lying to themselves. The Quarterly: And one important way you have addressed the motivation issue is the use of stock options? John Bogle says this is killing the SOUL of capitalism - these stock options are making people do short sighted things that hurts the shareholders, the employees and customers. For example, Americans are accustomed to using keyboards for input. Keyboards are suited just for alphanumeric input, not for ideographs. So computers in China must develop either voice input or a better way to input by hand. This will be fascinating to watch take form - who will be the BETTER BORG - ideograph worker bees or alphanumeric ones? engadget.com 9. This isn't just about avoiding licensing fees. The Chinese want to force established handset makers (i.e. Samsung, Nokia, Motorola, etc) to make phones that conform to THEIR standard. The Chinese plan is to drive down the cost of making phones that run on their TD-SCDMA network... making it seem EXPENSIVE to make phones for GSM and CDMA networks used elsewhere. If their power play works, other countries will have to switch technologies and start paying China for TD-SCDMA licenses.