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  • Have Any Corporations Embraced Equitable Or Just Compensation Models?

    Um.. This is one of those problems that’s really nonsense. 

    All employees should be compensated at market rates. Otherwise if you are lower, they won’t stay, if they are over, your competition will eat you.

    Compensation is not equitable WITHIN A COMPANY. It is equitable across ALL COMPANIES.

    Do not fall into the trap of confusing the ‘fiarness’ of a family, with the alliance of people that work together in a company.

    https://www.quora.com/Have-any-corporations-embraced-equitable-or-just-compensation-models

  • @Karl Smith RE: “Yet, [people] seem unwilling to give up on tribal beliefs. What

    http://modeledbehavior.com/2012/05/07/the-ideas-of-economists-and-philosophers/http://modeledbehavior.com/2012/05/07/the-ideas-of-economists-and-philosophers

    @Karl Smith

    RE: “Yet, [people] seem unwilling to give up on tribal beliefs. What accounts for this?”

    And, speaking of facts, what evidence do you have that people ever, under any conditions, cease to act according to their tribal sentiments?

    I know you can’t either grasp or accept this, but you’re argument is unscientific.

    Your approach redistributes status, power and identity along with money.

    The people who care most about losing that status, power and identity are those who are invested in status, power, and identity rather than money.

    You are stifled because your VIEW OF MAN IS SUBECT TO THE REDUCTIO ERROR.

    So the question is not how you and your SUBSET OF FACTS prevail in order to support your reductio ideology, but given the TOTALITY of facts, how we can implement a coordinated set of policy provisions.

    The reason you argue against this is that you, like Krugman and DeLong, are not as interested in prosperity as you are in creating a class of political managers that are the sole possessors of status, power and identity, and the citizens are subjects. That might work in a small state. But it will not work in the american empire.

    In other words, you’re proof of the theory. 🙂

    But at least you’re honest about the subset of facts, even if you’re dishonest because you ignore the more salient facts: that money is a route to status, power and identity, and that humans desire to consume those three things above all others.

    Selective chose of FACTS is not scientific. It’s ideological.


    Source date (UTC): 2012-05-07 09:43:00 UTC

  • you for the perfect review site. Can you please expand the products you cover? T

    http://thewirecutter.com/Thank you for the perfect review site.

    Can you please expand the products you cover?

    Thanks again. 🙂


    Source date (UTC): 2012-04-20 10:36:00 UTC

  • CONTROVERSIAL POST ON RACE, POLITICS, NORMS, AND MULTICULTURALISM (A reply to th

    http://www.capitalismv3.com/2012/04/07/defending-john-derbyshire-dear-brits-get-ready-to-eat-crow-on-race/A CONTROVERSIAL POST ON RACE, POLITICS, NORMS, AND MULTICULTURALISM

    (A reply to the Guardian)


    Source date (UTC): 2012-04-08 11:43:00 UTC

  • to sync with Haidt’s work raterh than invesnt new terms, but this is good though

    http://www.libertarianism.org/blog/how-we-might-become-politically-obligatedNeeds to sync with Haidt’s work raterh than invesnt new terms, but this is good thought Aaron.

    Curt


    Source date (UTC): 2012-03-30 11:33:00 UTC

  • WHY DON”T YOU WRITE MORE SIMPLY? Simplicity comes from the statement of first pr

    http://www.capitalismv3.com/2012/03/29/on-the-complexity-of-philosophical-arguments-and-the-problem-of-conservative-and-progressive-discourse/CURT, WHY DON”T YOU WRITE MORE SIMPLY?

    Simplicity comes from the statement of first principles. Philosophizing itself is a messy, tedious and abstract process which is an effort to deduce those first principles. And, while most philosophy concerns itself with the infinite regress analysis of social norms — which are things we can perceive with our senses — when we consider the subjects of politics and political economy, which consist entirely of things we cannot perceive with our senses, the complexity of philosophical inquiry into economics and politics becomes nearly as difficult as the process of inquiry into metaphysics. I’m sorry. it’s just a complicated problem by its nature.


    Source date (UTC): 2012-03-29 09:18:00 UTC

  • Executive Compensation: How Much Should A Founder Receive As Salary During An Earn-out Period?

    His market salary is a fair salary. There is no other concept of ‘fair’. If he does not get a market salary, then the cash value of his earnout is decreased by the difference between his current salary and his market salary. 

    If this was not covered in the agreement whatsoever, then there might be an argument to be made that he is due market compensation or they are artificially reducing his earnout by depriving him of income he could make elsewhere. If it was covered and he agreed to it then that’s likely to be a problem.

    However, these things are very difficult to negotiate unless you have some sort of leverage. If he can lose the earnout by not performing, or the business will not perform well enough to capture the earnout without him there, then he may have a very difficult time with it.

    As an acquirer I have generally benefited from underperformance of retained executives. There are a lot of people like me out there.  For that reason it’s best to have someone with investment banking experience work on M&A deals and not business lawyers.

    https://www.quora.com/Executive-Compensation-How-much-should-a-founder-receive-as-salary-during-an-earn-out-period

  • What Are The Best Pieces Of Advice For Founders Wanting To Start Companies That Build Physical Products, Given The Current Funding Climate Where Incubators And Accelerators Seem To Focus On Web, Mobile, And Social Companies?

    The question is really too broad as stated. 

    We’d need this information:

    1) Do you have a market and can you prove it? Meaning can you list specific customers or specific distribution channels to reach customers with? Or are you hoping to build a product that will sell itself?  Because that doesn’t happen unless it’s either sex or money.

    2) What is your plan to produce this product in volume? And do you have production estimates from reliable firms?

    3) Do you have a prototype that works already? 

    4) If you produce this product and get any traction at all, who would be interested in buying your company, and who do you know at those organizations?

    5) Can you explain how this product is valuable to someone in 30 seconds or less? or does it require specific domain knowledge?

    6) Does your product require external infrastructure or investment by others in order to sell and distribute or can you sell it over the web, or directly without externalizing any costs?

    These questions determine what kind of funding sources you’ll have to pursue.

    As someone else said, if you have an interesting idea, Kickstarter works wonders. If it doesn’t fit the Kickstarter profile, then there are always people with money willing to invest in product companies if you have a market, an exit they can understand, a production plan they can understand and a product they can understand.  Right now, multiples for social companies are speculatively high. So they attract the easy money.  But if you want to raise money for something that isn’t ‘hot’ you need to find people who have experience in the same industry you’re in, so that they can at least understand your idea.

    Generally it’s better to work nights and weekends to get your first customer(s) and then go to investors when you have a production or distribution problem.  “Early Stage” investments are a random number generator: they are unpredictable and effectively a matter of luck — and you simply have to knock on a lot of doors to find that luck.  Time is better spent on the product or on a customer.  The low capital requirements of social media are attractive despite the fact that it’s proven hard to make money in the space. The high capital requirements for products are not attractive. A patent on a product that can be sold to a large company is a net positive. All things being equal,  a consumer product is not — the point is that it’s a pretty complex question.

    https://www.quora.com/What-are-the-best-pieces-of-advice-for-founders-wanting-to-start-companies-that-build-physical-products-given-the-current-funding-climate-where-incubators-and-accelerators-seem-to-focus-on-web-mobile-and-social-companies

  • Do People With Mba’s Run More Successful Businesses? Why?

    It appears from the data that floats around the internet, that an MBA will help your career in a large company. It does not appear that an MBA (or any education for that matter) will help you as an entrepreneur.  Hard work, likability, the ability to sell ideas and persuade, and a little bit of money seem to matter the most.   I do believe that the books used in an MBA program will help a young CEO who already has a startup and who better wants to understand what capital will do for him.

    Most of the education any entrepreneur needs comes from mastery of the strengths and weaknesses of his industry, and deep knowledge of his customers, and the ability to accumulate customers by working harder for them than his competitors.  The most common problem I have found with new entrepreneurs is that they have very little competitive advantage, and are little more than also-rans. It’s very hard to sell something that’s ‘just as good as everything else’.

    https://www.quora.com/Do-people-with-MBAs-run-more-successful-businesses-Why

  • Executive Compensation: How Much Should A Founder Receive As Salary During An Earn-out Period?

    His market salary is a fair salary. There is no other concept of ‘fair’. If he does not get a market salary, then the cash value of his earnout is decreased by the difference between his current salary and his market salary. 

    If this was not covered in the agreement whatsoever, then there might be an argument to be made that he is due market compensation or they are artificially reducing his earnout by depriving him of income he could make elsewhere. If it was covered and he agreed to it then that’s likely to be a problem.

    However, these things are very difficult to negotiate unless you have some sort of leverage. If he can lose the earnout by not performing, or the business will not perform well enough to capture the earnout without him there, then he may have a very difficult time with it.

    As an acquirer I have generally benefited from underperformance of retained executives. There are a lot of people like me out there.  For that reason it’s best to have someone with investment banking experience work on M&A deals and not business lawyers.

    https://www.quora.com/Executive-Compensation-How-much-should-a-founder-receive-as-salary-during-an-earn-out-period