Volume 4, Issue 9
ã 2002 Hopkins and Company, LLC
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Do I Hafta Go to School?
A business school professor told us a long time ago that he got into considerable trouble with his university administrators when he told a group of parents of incoming MBA program students that one thing alone would make these future graduates attractive to employers upon graduation: they would be a few years older, and possibly more mature than they are now. That sage professor understood that time can be the best teacher. Another friend who obtained a law degree with no intention of ever practicing said that professional degrees are today’s version of the union card: a minimum requirement for certain jobs. Recent studies and articles have called attention to the formation of business executives and whether or not these programs are doing a good job. This month’s cover article calls attention to some of these stories, and encourages readers to reflect on learning, courses, and the building of skills and character. There are comments about ethics programs, laws, rules, and corporate training programs. As you read these stories, think about your own approach to learning, and how you’ve formed yourself as an executive. Think about ways to fill in the gaps in your education, and how to expose others in your organization to the learning they could use to grow and develop.
Fifteen new books are rated in this issue, beginning on page 5, most of which contain three-star recommended ratings. One book is rated DNR (Do Not Read), and two books receive one-star ratings. Turn ahead to check those out. If you’ve forgotten what the stars stand for, you can visit our 2002 bookshelf at http://www.hopkinsandcompany.com/bookshelf.html and see the rating table explained as well as explore links to all 2002 book reviews.
Tap the Keg
What did you learn in business school, if you went there? Was what you learned of any real use in your business life? When you evaluate job applicants with business degrees, what expertise do you expect the person has achieved? Can you rely on an institution of higher learning to train people to be effective in your organization?
Bring On the Law
Is There an Ethicist in the House?
Do you communicate your judgments about right and wrong to others within your organization? Are there experts you reply on when it comes to corporate conduct? What value do those experts add?
Did you Lego Today?
Do you think toys are good training tools for your organization? When can we call you for a play date? Have your checkbook handy.
How Do Workers in Your Organization Measure Up?
What makes workers in your organization more or less happy than workers at other organizations? How important do you think employee job satisfaction is to your organization? Do you care? Do you measure it? How much control do workers have over their jobs in your organization? What changes could you make to improve overall job satisfaction?
Here are selected updates on stories covered in prior issues of Executive Times:
Ø We advised readers of the September 1999 issue of Executive Times, to take a pass on Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market, a book by James Glassman and Kevin Hassert. The authors returned in an August 1 op-ed in The Wall Street Journal (http://online.wsj.com/article/0,,SB1028159861587125680.djm,00.html) trying to restate their fundamental case from the book that stocks are improperly valued. There’s still no compelling reason to read their book.
Ø In the July 2002 issue of Executive Times we asked readers to watch for the results of the stockholder revote on the planned move of Stanley Works from Connecticut to Bermuda. You can stop watching. The company decided not to move after all. In an August 1 press release (http://www.stanleyworks.com/a_news_080102.htm), the company said, “Congress has started down a path to deliver comprehensive tax reform that would eliminate the inequities of U.S. international taxation and thereby accomplish Stanley's original and continuing goal.” Now it’s time to watch what Congress does.
Ø The story of the Princeton dean who hacked into the Yale admissions system reported in the August 2002 issue of Executive Times continues to unfold. The AP wire on August 13 said Princeton completed an internal investigation, and the errant dean will be reassigned, and an unrelated resignation will take place.
Chances are that you’ve
eaten at one of his clubs, or played golf on one of his courses. You’ve
probably had a good time. That’s not how Robert Dedman wanted to be
remembered, although if you’ve liked the improvements at Pinehurst
since 1984, he was the one to thank. The “King of Clubs” who founded and grew
ClubCorp, Inc. into the manager of hundreds of private clubs and golf courses
worldwide wanted to be remembered as a giver. He will. At the time of his
death in late August at age 76, his name appeared at his alma mater, Southern
Methodist University, on the law school, the life sciences building, the
liberal arts college and the rec center. He was also a benefactor to the
University of Texas, Florida State University, and countless other
organizations. We read in one obituary, “In a speech in 2000 promoting his
of Clubs,’ Mr. Dedman said success depended on attitude. ‘You have to
have the right attitude,’ he said. ‘We must enjoy life and get all that we
can out of it because it may be the only chance we get.’” Dedman enjoyed life
by helping others, and thanks to his business success and philanthropy, many
people will benefit from his significant legacy.
Latest Books Read and Reviewed:
(Note: readers of the web version of Executive Times can click on the book covers to order copies directly from amazon.com. When you order through these links, Hopkins & Company receives a small payment from amazon.com. Click on the title to read the review or visit our 2002 bookshelf at http://www.hopkinsandcompany.com/bookshelf.html).
ã 2002 Hopkins and Company, LLC. Executive Times is published monthly by Hopkins and Company, LLC at the company’s office at 723 North Kenilworth Avenue, Oak Park, Illinois 60302. Subscription rate for first class mail delivery of the print version is $60.00 per year (12 issues). Web version subscriptions are $30.00 per year. Single issues: $10.00 print; $5.00 web. To subscribe, sign up at www.hopkinsandcompany.com/subscribe.html, send an e-mail to call (708) 466-4650, or fax to (708) 386-8687. For permission to photocopy or e-mail Executive Times, call (708) 466-4650 or e-mail to firstname.lastname@example.org. We will send sample copies if requested. The company’s website at contains the archives of back issues beginning in the month after the issue date.
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