1/07/2009

The Land of Hatchy Milatchy

There's a wonderful place that you really should see called the Land of Hatchy Milatchy. These are the opening lines to an infectious theme song whirling in a childhood memory.

According to CoalSpeak: a Dictionary of the Coal Region, Hatchy Milatchy was a popular children's show on WNEP-TV (Scranton/Wilkes-Barre) in the 1960's and 70's. Hosted by Miss Judy (real name: Lois Burns). The theme song was a popular song sung by Rosemary Clooney. Miss Judy lipsync'd to Rosemary Clooney at the beginning of each show. Another host was the fez-wearing Uncle Ted, a grey-haired man with beard and handlebar mustache. A video of Miss Judy lipsyncing away can be viewed here.

Hatchy Milatchy is the inspiration for Fundle Bundle, a fictional television show featured in in episode 2.24 of the The Office, "Take Your Daughter to Work Day".

As a child, both Michael Scott and Chet Montgomery were on the show, which was hosted by a Ms. Trudy. The clips in "The Office" show a puppet cat interviewing children about their hopes and future dreams.

Here are the lyrics in all their glory:

There's a wonderful place that you really should see
Called the Land of Hatchy Milatchy
All boys and girls love this place yes siree
Called the Land of Hatchy Milatchy
Peppermint candy and ice cream is free
In the Land of Hatchy Milatchy
Soda pop fountains are under each tree
In the Land of Hatchy Milatchy
Everyone rides on a-merry-go-round
All made of sugar and spice
Lollipops grow right out of the ground
The moon's made of strawberry ice
If you should run and you trip and you fall
In the Land of Hatchy Milatchy
The ground's made of rubber you bounce like a ball
In the Land of Hatchy Milatchy

Oh you-play the whole day and you don't go to bed
In the Land of Hatchy Milatchy
Mommies and Daddies are put there instead
In the Land of Hatchy Milatchy
Hundreds of bunnies lay Easter eggs
In the Land of Hatchy Milatchy
Ride on a pony with candy strip legs
In the Land of Hatchy Milatchy
Each day is always a big holiday
Birthdays and parties galore
Dollies and bicycles given away
Whenever you walk in a store
When I return then I never will leave
The Land of Hatchy Milatchy
If you want to go all you do is believe
In the Land of Hatchy Milatchy.

12/17/2008

Why Not GM, Ford & Chrysler?

Gibson Dunn & Crutcher provides a section-by-section analysis of the Emergency Economic Stabilization Act of 2008 as passed by the Senate on October 2, 2008. Before anything else, the authors focus on the all important definition of "financial institution" and troubled assets, from which all else in EESA flows.

So what does financial institution mean? It's "any institution including, but not limited to, any bank, savings association, credit union, security broker or dealer, or insurance company which is organized and regulated under United States law or the law of the states or territories, and which has significant operations in the United States." The way it is "worded, there are technically no limits on what constitutes a 'financial institution' other than that it has to be an 'institution' and cannot be a central bank or an institution owned by a foreign government." So why not GM, Ford and Chrysler?

To download the document, visit this PLI Newsletter.

12/03/2008

Choice of Entity Comparison Chart

For many small business owners choosing a C corp, S Corp, or Limited Liability Company (LLC) is the first step in starting a small business. This
entity comparison table from themoneyalert.com was designed as a helpful reference.

Found via this Ask The VC post.

11/03/2008

LearnVC - Your guide to raising capital

These
guides from LearnVC include content from the LearnVC site and on external sites from leading experts in the startup community. Topics well covered include:

New Entrepreneurs
Experienced Entrepreneurs (refresher)
Future Investors (Angels or Venture Capitalists)
Students (Venture Capital Investment Competition participants and others)

11/01/2008

University Entrepreneurs Portal Launches

"At a time when graduates from leading universities face an increasingly challenging job market, Campus Venture Network, Inc. is launching StudentBusinesses.com, a free online platform that connects young entrepreneurs with business partners, mentors and investors who can help them launch successful startups.

Since the site’s beta launch in late 2007, thousands of aspiring university innovators have joined the network; while students from over 50 top universities have profiles on the site, the two universities with the most members are Harvard and MIT...

The website also helps investors, law firms, and other service providers identify top startups. Steven Welch, a partner at DreamIt Ventures, used the StudentBusinesses.com beta version to find members for the first class of its incubator program. Welch says: “StudentBusinesses.com is an excellent tool for aspiring entrepreneurs. It provides a mechanism to network with top-caliber people of diverse backgrounds, along with valuable resources to help guide entrepreneurs through the rough waters of starting a business. It will help many aspiring entrepreneurs, now more than ever.”

See this post from Small Business Trends, from which the foregoing was quoted, for live links.

10/24/2008

Free Business and Entrepreneurship College Courses

Through open courseware programs, you can access course materials from a wide range of top universities. Whether you decide to take these courses on your own time or just skim through the information, www.bschool.com compiled a list of 100 business and entrepreneurship courses you can take for free.

Here is a sampling of what is included in the list:

Accounting and Finance
These free courses can give you some tips on managing money and making sound investments in your business.

Introduction to Financial and Managerial Accounting: This course is designed to help business owners make investment decisions, access managerial performance and place a value on other firms and businesses...

Economics
Make sure you understand the larger factors that are at work in affecting your businesses profits and losses by educating yourself on economics through these classes.

Real Estate Economics: Whether you want to work directly in real estate or just need some information to help you make a better decision on purchasing office space, this course from MIT can provide instruction on real estate markets through a study of demographics, location, and government behavior....

Communication
Getting ahead in business without good communication skills can be hard, so give yours a boost with help from these top-tier courses.

No Sweat Speaking: Check out this short online seminar from Columbia University to help you overcome your fear or nervousness about public speaking. You’ll get access to a series of videos that can offer you some tips and pointers on feeling at ease in front of a group of coworkers, clients or anyone else...

Management
Management plays an essential role in keeping any business running smoothly. Ensure you and your employees are working to their full potential with some advice from these free courses.

Optimization Methods in Management Science: In this course, you’ll learn about the theory, algorithms, and applications of optimization to help you better control the logistics, manufacturing, transportation, marketing, project management, and financial issues of your business...

Leadership
These courses can help you be a better leader by teaching you important skills like working as a team, ethics, and how to work with a diverse group of people.

Cross-Cultural Leadership: This course explores what constitutes effective leadership across cultures. It can be especially valuable for business owners who are working in a global environment...

Marketing and Advertising
If you’ve got a product or service to sell, you need to get your name out there. These courses can give you some helpful ways to better market your business.

Brand Leadership/E-Seminar 1, Brand Identity and Strategy: Professor Bernd Schmitt of Columbia Business School explains the steps businesses must take when marketing themselves to develop a successful brand identity in this online seminar, using real companies to illustrate his points...

Product Development and Launch
These courses can give you some help on successfully developing new products and getting them out to your buyers.

Managing the Innovation Process: Get a handle on the research and development going on in your business through this course which analyzes the process through through five levels: individual, team, network, organizational, and industrial...

Technology
No business can run without technology these days, so ensure you have a handle on the IT technologies it takes to keep your business in good shape through these courses.

Practical Information Technology Management: If you feel you don’t have the background to make sound business decisions about IT, give this course a try. You’ll gain insight into how to implement, maintain and manage these systems to the benefit of your business...

Law
These courses can help you make sure you know the legal rights and regulations that apply to your business.

Law for the Entrepreneur and Manager: Through his course, you’ll gain a basic understanding of legal issues that corporations and businesses face when organizing, getting financing, protecting intellectual property, working internationally and more...

Field Specific
These courses cover a range of more specific business topics...

The Software Business: If you have an interest in starting a software company, this course can be a good place to get some introductory information...

10/14/2008

Savoring a Moment

I was among three hundred or so Pittsburgh Pirate fans that made a pilgrimage to the site of old Forbes Field yesterday afternoon.

This is a quintessential 'Burgh thing - a ritual sprung spontaneously from the act of one Saul Finkelstein who decided during his lunch hour in 1985 to sit on a bench and listen to a tape of his favorite baseball game. You know, the one on October 13, 1960 when Bill Mazeroski, a light hitting second basemen batting eighth in the order, smacked a pitch from Ralph Terry over Yogi Berra's head into history.

The Pittsburgh Post-Gazette's Brian O'Neil called it a "cherished rite of autumn" as he described the scene:

"It happened yesterday afternoon, as it does every Oct. 13 at almost exactly the same time. Bill Mazeroski led off the ninth inning with a home run and a raucous crowd of Pirates die-hards erupted rapturously.

"There are no turnstiles at the remnants of Forbes Field's brick center field wall, and so no accurate crowd count. Call it 300 or 400 fans. They came to listen to every pitch of the deciding seventh game of the 1960 World Series because they wanted to relive a 48-year-old memory some were too young to have even had...

"A handful of former Pirates -- Dick Groat, Elroy Face, Bob Friend, Nellie King, Frank Thomas and Dave Giusti -- were there, and old baseball stories were told well. But this was a day for fans, not players, and youthful stories passed back and forth on a day as perfectly sunny as the one back when."

I sat on low wall and swapped tales with my neighbors, while the broadcast of the game crackled clearly in the background. Some things do not change. Gillette hawked the newest innovation in razor blades - the "super blue blade" with a silicon coating. The game announcers, however, did most of the hawking with only a smattering of jingles and jangles.

I enjoyed hearing the old names new again - Mantle, Maris, Berra, Skowron, Kubek, Richardson - I grew up a Yankees fan after all. But as the tension built - and amazingly, it did build, even though the outcome was foregone - I revelled with my fellow Pirate fans when the announcer excitedly sputtered "This may do it..." and erupted just as noisily as anyone else savoring the old moment of the Pirates triumph.

10/02/2008

New Orleans Business Plan Competition

Calling ENTREPRENEURS WITH IDEAS TO retain YOUNG TALENT in New Orleans! The Idea Village has announced 504ward's $100,000 Business Competition for entrepreneurs with ideas to retain young talent in New Orleans. Check out an inspired YouTube video to get your creative juices flowing.

Generously funded by local venture philanthropist Leslie Jacobs and already matched in resources and services from the local community for a growing total value of $200,000, the wining package will include services and assistance from among event sponsors
Adams and Reese,
Jones Walker,
Trumpet,
Fabre Smith & Coco,
Netcom Group,
New Orleans Magazine,
Gambit Weekly,
Human Resources Management Association of Greater New Orleans,
Lifestyle Revolution Group,
Event Producers and
Louisiana Technology Park:

If you are not ready to submit an idea but have resources to support New Orleans entrepreneurs, please contact the event sponsors about providing cash and in-kind donations. Visit Business Competition Overview for additional details, criteria, rules and regulations.

9/26/2008

Yankee Stadium Memories

I remember Grandpa – his sturdy frame silhouetted in the dusky evening light beside the grey, weathered workbench in the upper backyard. Firmly, yet gently, he struck hammer to chisel and chipped away bits of rock along a scored line in a flag destined to become a stepping stone. Grandpa loved work and he loved us.

Nowhere was his love more evident than in our epic trips to Yankee Stadium. Always a Sunday double header; usually “bat day” or “ball day.” The journeys were all-day affairs. No – they were more than that. They were all-life affairs. Overflowing with life and love and expectation and excitement. Full of agitation and calm, anxiety and serenity. Long and tedious, short and exhilarating.

“Grandpa! Grandpa! Bat Day is June 20th. Will you take us? Will you?”

Shouting and stumbling we would cross the threshold into Grandpa and Grandma’s house next door on a Sunday morning after mass as the clan was gathering for weekly cake and coffee. We had just perused the New York paper (after having completed our paper routes) and found the upcoming Yankees season schedule. Grandpa would smile and ponder a moment or two and then nod. The trip was on - Yankee Stadium – Bat Day – joy.

Anticipating the trip was excruciating. How many more months, weeks, days until we would get to see the Mick, Roger Maris, Elston Howard and the others? How many hot dogs would we eat? How many balls of cotton candy?

And much more than this, we would get bats – real, honest-to-goodness official little league bats. Bats – stamped with the signature of a Yankee player no less. We all wanted Mickey Mantle models, but not so we could put them away in cases to gather dust and appreciate in value. We were going to use the bats to play baseball – over and over until they broke. We wanted Mickey Mantles because he was our favorite player. We wanted Mickey Mantle bats – just because.

When the time for the sojourn arrived, we spent the night before in fits of nervous sleeplessness. When morning dawned, it seemed like the dreaming had just begun. We were actually going. And we would have to leave early. It was more than a three hour journey to New York from Tripp Park. Two-lane blacktop all the way. No superhighways like now.

What a journey. It took forever. To try to calm us, Grandpa and his helper (usually my father or an uncle or a friend of Grandpa’s) would tell us things like, “The Delaware Water Gap is coming up. Look for the Indian Head mountain. It’s a mountain shaped like the head of an Indian.” So, for a long time before we were anywhere near them, we would be kind of quiet, looking for the water gap (whatever that was) and a rock formation resembling an Indian Chief. And I always missed them. Still, to this day, when I pass through the Delaware Water Gap, the Indian Head mountain is a mystery to me. It just looks like a bunch of rocks jutting out of a forest. Anyway…

The next thing we were told to watch out for was Hot Dog Johnny’s, a classic American roadside stand on Route 46 in New Jersey on the banks of the Pequest River. Sometimes, we stopped there on the way and other times on the way back from the Stadium. We would swing on the swings or relax at one of the picnic tables with a frosted mug of birch beer, a hot dog or French fries, before continuing to our destination.

Usually after some debate about whether to take the tunnel or the bridge into New York, we would cross the George Washington Bridge and slowly wind our way to the Bronx. Grandpa would ride around and find a place to park on the street and we would walk several blocks to the Stadium. We would stand in line, buy tickets and then head across the street to the Jerome Cafeteria for brunch.

What a wondrous place the Jerome Cafeteria was. I remember that at least part of it was an Automat (short for an automatic restaurant). It is hard to explain how futuristic it seemed to make change, take your coins to a large bank of small glass windows behind each of which was a sandwich, piece of pie or other delight, drop in the coins, open the window, take out the food and then look through the window to see if you could spy the people behind the array who kept filling the cubby holes with more food.

On to the ballpark, to the bats, checking to see whose signature you got, hoping your seat was not behind a steel girder support beam that blocked your view, heading to the upper deck, hoping to catch a foul ball or a home run, batting practice, the first game, walking around the stadium on the inside, the next game, banging your bat on the concrete deck and brandishing your bat aloft along with 40,000 others in a ritual mass photo opportunity, hot dogs, cotton candy, peanuts, Cracker Jack, soda, back to the Jerome Cafeteria, on to Hot Dog Johnny’s, sleeping in the car, back home in Scranton, sometimes near midnight, feeling alive, being loved. It was great.

9/23/2008

Impact of Yankee Stadium Bat Day on Blunt Trauma Injuries

STUDY OBJECTIVE: To determine the incidence of blunt trauma in northern New York City before and after the distribution of 25,000 baseball bats at Yankee Stadium.
DESIGN: Prospective multicenter study, including ten days before and ten days after Bat Day (June 3, 1990).
SETTING: Ten emergency departments in the Bronx and northern Manhattan.
TYPE OF PARTICIPANT: All patients presenting to the ED with baseball bat injuries.
INTERVENTIONS: Each hospital collected the following data for each subject: date and time of injury, patient's age and sex, extent of injury, whether a Yankee bat was used, presence of loss of consciousness, results of computed tomography scan of the brain (if performed), history source, and disposition of the patient. Average daily atmospheric temperature was recorded for each day of the study.
MEASUREMENTS AND MAIN RESULTS: Seventy-seven patients sustained bat injuries, 38 (49%) before and 36 (47%) after Bat Day. There were no significant differences between the two groups with respect to age, sex, time of injury, number and distribution of fractures and lacerations, incidence of loss of consciousness, source of history, or dispostion. There was a positive association between the number of cases on a given day and the average temperature that day (r = .5; P < .01).
CONCLUSION: The distribution of 25,000 wooden baseball bats to attendees at Yankee Stadium did not increase the incidence of bat-related trauma in the Bronx and northern Manhattan. There was a positive correlation between daily temperature and the incidence of bat injury. The informal but common impressions of emergency clinicians about the cause-and-effect relationship between Bat Day and bat trauma were unfounded.

Impact of Yankee Stadium Bat Day on blunt trauma in northern New York City.
Bernstein SL, Rennie WP, Alagappan K.
Department of Emergency Medicine, Long Island Jewish Medical Center, Albert Einstein College of Medicine, New Hyde Park, New York.PMID: 8135433 [PubMed - indexed for MEDLINE]

from this PubMed Result

9/01/2008

Free Online Entrepreneurship Courses

"Approximately 10 million entrepreneurs think about starting a business in the U.S. every year. Only 3 million of them actually do it. Be one of the 3 million with these free online business entrepreneurship courses.

1. MIT- Sloan School of Management (mit.edu)
Global Entrepreneurship Lab
Entrepreneurial Finance
Law for the Entrepreneur and Manager
Developmental Entrepreneurship
Introduction to Marketing

2. Carnegie Mellon (cmu.edu)
Entrepreneurship and Business Planning Course
Entrepreneurship and Business Planning Course - Audio Version

3. U.S. Small Business Administration (sba.gov)
Staring a Business - Series of Courses

4. Trump University (trumpuniversity.com)
Write a Business Plan - Mini Course
Find Start-Up Funding - Mini Course

5. Business Week (bwcourses.com)
Fire Your Boss: Start Your Own Business
Start-Up Basics for the First-Time Entrepreneur
Raising Capital for Your Small Business

6. Kutztown University - Small Business Development Center (kutztownsbdc.org)
Accounting Courses
Business Plan Workshops
Leadership and Management Development Courses

The Small Business Development Center (SBDC) of Kutztown University has one of the largest collections of free business entrepreneurship courses on the web. Topics range from accounting and finance to leadership and management; courses take between 30 minutes and three hours to complete.

7. My Own Business (myownbusiness.com)
How to Start Your Own Business"

For live links to the course materials, go to this educational-portal.com website.

8/25/2008

Your Inner Yinzer 'n'at

Yinz gotta learn Picksburghese, especially yinz not from aron here, like doze of ya in Ahia, other parts of Pensivania, and even yunz up 'ere on da Sahside slopes, or ov'ere in Sliberrty, Sharteers Crick, da Mon or da Yock or dahntahn or in da Strip or near da carline in da Sout hills or in Oaklan near where Jaynell used ta be.

So take off yer babushka, redd up yer room, and if ya haven’t et yet, reach into yer cubberd for yer favorite snack. Get up off yer p'toot and off yer stoop and head to da Jynt Iggle. Grab some jumbo or chipped ham for a sammich and pop it in your poke. Or get some city chicken, and a Klondike. And to worsh it down, drink yer pop, or take yer church key and snap da top off an ahrn.

If ya cuttent or dittent understand what I jus wrote, yer prolly wonderin’ what’s goin’ on. Don’t worry, y'aint lost jet. 'Specially if yer nebby, stick with it. Don’t get tangled up in your gutchies, or be a jag off 'n'at. Don’t worry 'baht da sidewalks bein’ slippy, or brown warter comin’ out da kitchen spicket or if da Stillers will win this week. Put a gum band on your wrist soze ya remember. This is yuge.

That’s it Fort Pitt. Yer first lesson is over.

Roughly translated:

You must learn the local vernacular spoken by native Pittsburghers, especially those of you who are not from Pittsburgh, like those of you in Ohio, other parts of Pennsylvania and those of you who live in the South Side Slopes or East Liberty neighborhoods of Pittsburgh, or near Chartiers Creek or the Monongahela River, or the Youghiogheny River or in downtown Pittsburgh, or in the Strip District section of Pittsburgh or near the trolley tracks in the South Hills of Pittsburgh or in the Oakland section of Pittsburgh in the vicinity of the former site of the Jones & Laughlin steel mill.

So, remove the kerchief that is folded triangularly covering your head and tied below your chin, clean your room, and if you have not eaten, reach into your cupboard for your favorite snack. Get off your behind, leave your front porch and head to the local Giant Eagle grocery store. Buy some bologna or processed ham sliced as thin as an onion skin for a sandwich and place the items in a grocery bag. Or enjoy a meal of breaded pork and veal skewered and grilled, or a Klondike brand ice cream bar. And to wash it down, drink soda, or take a bottle opener and open a bottle of Iron City Beer.

If you could not or did not understand what I just wrote, you are probably wondering what is going on. Don’t worry, you are not lost yet. Especially if you are nosey, stay with it. Don't get tangled up in your underwear or be a jerk. Don’t worry about the sidewalks being slippery, or brown water coming out of the kitchen spigot, or if the Steelers football team will win this week. Put a rubber band on your wrist as a reminder. This is huge.

That’s all. Your first lesson is over.

If'n yinz wants further info, check abaht daht com or the Car-Nay-Ghee liberry or up air or ove' air.

8/22/2008

Olympic Medals? Let Me Count the Ways

The Washington Post reports that every day since the games began, the Olympics medal chart has dominated the front page of China's main state-run newspapers. China is always ranked first based on the number of gold medals won. The U.S. media trumpets the total medals tally. Not surprisingly, the U.S. leads using that metric. The Post continues:

"Don't look to the International Olympic Committee to resolve the debate. According to the Olympic charter, medal tables don't have any meaning. The IOC says that the games are a competition between athletes, not countries."

Yeah, right.

Anyway, if only gold medals count, why award the others? Likewise, if a bronze is worth the same as a gold medal, why have the competition? If we are going to compare country medal totals, we need weights.

Give the bronze medal a numeric value - say one. Give the silver a higher value - say 1.25 or 1.5 or even 2 (although I would question whether a silver medal represents twice the value of the bronze). Give the gold a still higher value.

Based on the final medal count, the U.S. would lead 137.5 to 130.75 if the values for Gold, Silver and Bronze were 1.5, 1.25 and 1. If the values were 2, 1.5 and 1, the U.S. lead would be 165 to 161.5. China would lead 223 to 220 if the values were 3, 2 and 1.

8/21/2008

Expand the Pie Before Dividing It Up

"Many managers who view themselves as the heroic guardians of shareholder interests—the no-nonsense, tough-as-nails guys who run their businesses by the numbers, who pride themselves on their hypercompetitiveness, and who think that "organizational culture" and "shared values" are irrelevant fantasies concocted by out-of-touch academics—may be inadvertently running their companies into the ground and systematically destroying the wealth of their investors...

"The most successful organizations understand that the purpose of any business is to create value for customers, employees, and investors, and that the interests of these three groups are inextricably linked. Therefore, sustainable value cannot be created for one group unless it is created for all of them. The first focus should be on creating value for the customer, but this cannot be achieved unless the right employees are selected, developed, and rewarded, and unless investors receive consistently attractive returns...

"Why do managers so often choose not to focus on value creation and instead make decisions that systematically decrease the long-term value of their businesses? One reason may be that their training and education lead them to define their organizations' interests too narrowly... If management defines the organization's self-interest (and consequently its goals) too narrowly—for example, to maximize this year's or this quarter's reported earnings—it will view that interest as being at odds with the interests of customers and employees...

"This approach is based on 'win/lose' or 'zero-sum' thinking: The underlying assumption is that there is a fixed pie of value to be divided up among customers, employees, and investors, so the interests of the three groups must be traded off against one another...

"Companies that act on this myopic conception of self-interest may stumble into a downward spiral of poor decision-making that is difficult to reverse. For example, as reduced employee training and compensation lead to low employee morale and poor performance, and as underfunded R&D allows a product line to age, customers can become dissatisfied and begin to defect... When customer do defect, profits shrink, tempting management to cut back even further on training, compensation, and R&D, thus accelerating the spiral of customer dissatisfaction and defection...

"Alternatively, if managers define their company's interests broadly enough to include the interests of customers and employees, an equally powerful spiral of value creation can occur. Highly motivated, well-trained, properly rewarded employees deliver outstanding service, while effective R&D investments lead to products that enjoy a significant value-adding advantage and generate higher margins. Satisfied, loyal customers (and new customers responding to word-of-mouth referrals) drive revenue growth and profitability for investors...

"An 'expanding the pie' approach to management requires that a company alter its thinking along several dimensions...."

Read more in Value Creation and Business Success by Paul O'Malley from which the foregoing was quoted.

Who's Winning in Your Workplace?

"Are competition and cooperation at play in your work environment? The Olympic Games are a great example of how dynamic forces balance and reinforce each other in large systems. At the same time that national pride pushes countries to compete aggressively from sport to sport, so too is a spirit of cooperation in evidence as individual athletes demonstrate sportsmanship and countries agree on standards regarding everything from scoring practices to drug testing.

"When you look around you at work, can you determine who's winning the medals? Can you identify who champions the importance of working together?

From Leverage Points newsletter.

8/17/2008

In The Mountain

Chilled in Old Tingri, we awake after restlessly tossing the night in the ramshackle motel ruled by a green-haired Tibetan princess. Darling daughter and I fondly recall the proprietor’s response to my earlier inquiry about the availability of showers. Her majesty had deadpanned that hot water was available 24-hours, adding that “Maybe it’s not so hot.”

Not so hot, we break from our room into the cool morning dim, roused by our driver and guide to begin the jeep ascent to the Mount Everest base camp. The “good road” has been shut down for repairs. So we bounce and bang our way up the alternate route - a twisting, winding, bumpy mess of a mountain trail - up and up and down and up and down and up and up and up. Painstakingly, we climb the harsh, rocky, marvelous terrain, above the tree line, on the roof of the world.

We cross frozen streams and deep dry washes. We bounce by scattered herds of goats, sheep and yaks tended by families of hearty nomads. Narrow stove pipes jutting from yak hair tents waft light blue smoke into the pale morning sky. I keep expecting the sparse tundra to peter out to nothing, but it never does. Bunches and bits of moss and lichen and grass endure the elevation, providing fodder for the animals and green relief from the variety of muted grays and browns that comprise the stark glacial landscape.

Hours later, we crawl past the sacred threshold, the incongruous Rongbuk Monastery. Strings of faded prayer flags drape the chorten, an enigmatic reliquary that resembles a giant marshmallow plopped on concrete steps topped by a tall, cylindrical metallic crown. Emblems of the sun and moon in the crown symbolize the light of the Buddha’s teaching. A solitary monk clad in a bold red robe trudges beneath the fluttering that connects the chorten to a complex of low-slung, chalky dwelling places.

We roll on without stopping. Our guide and driver know that the quicker we traverse the remaining distance to the North Face, the more likely we will decide not to stay overnight at the makeshift base camp tent city. They would much prefer the fuzzy motel at Old Tingri. We will not hear of it. We will spend the night stuffed under piles of yak hair blankets in a cozy, frozen tent they call the Hotel California.

The jeep trail ends at the tent city – two rows of room-sized, rectangular, chimneyed, brown hairy boxes, festooned with an assortment of faded rugs and bunting – astride either side of the built-up, packed-down dirt road.

We mount a rickety, wooden, horse-drawn cart for the final leg of the journey to the base camp, that is, to the photo opportunity tombstone that marks its official location for tourists. The weary dark steed is decorated festively and contrasts wonderfully with the sparce, rocky terrain.

Everest looms large in the near distance. All but its broad, streaked white base is surrounded by late July fog. The mountain hides. Our eyes are constantly drawn to it. We are pulled toward the peak, like souls searching.

The cart winds its way slowly up the dirt road, the clop, clop, clop of the horse’s hoofs punctuating the whistling breeze. We fix our gaze on the mountain. Pieces of Everest peak in and out of the clouds, tantalizing us.

We pose for pictures and linger, despite the clinging, insistent presence of the horse-cart driver who wants to go back for another fare. Time is money even here.

We strike up a conversation with a bicycle rider. About this time yesterday, he says, the wind cleared away the haze, revealing the precipice in all its glory.

We return to the tent city and walk into the nearby boulder-strewn expanse to wait – to wait for Everest to clear. We prop ourselves up against a couple of large rocks and sit. We are near a gentle rippling stream alone in the field with the stones, the wind, the lichens and the mountain. We stare at the clouds covering the crest. We gaze at the summit shrouded in mist. Hours pass in rapt contemplation.

I am struck.

God is in the mountain.
Mysterious, hidden, present, powerful, enduring,
drawing me near, pulling me closer,
lifting me up into the mystery.
God is in the mountain.

8/08/2008

So You Want to Take Your Company Public?

"The following are among the most important matters to be addressed by IPO candidates in the six-to-twelve months before an IPO.

"Pricing Option Grants: For a venture-backed company that grants employee stock options (as almost all do), the SEC will review during the IPO registration process the company's determination of fair market value...it is advisable for a company planning for an IPO to hire an independent valuation firm to determine the fair market value of its stock at the time the company grants options. A rigorous, contemporaneous independent valuation is strong evidence to counter any challenge by the SEC related to the compensation charges included in a company's financial statements...If the company expects an IPO in the next 12–18 months, quarterly valuation updates are generally appropriate...

"Auditor Independence:...While the SEC auditor independence rules generally do not apply to private companies, a pre-IPO company's accounting firm must be independent with respect to each fiscal period (generally three full fiscal years) covered by the financial statements in the IPO registration statement... Accordingly, a company contemplating an IPO in the future should ensure that its accounting firm satisfies the SEC auditor independence rules even prior to the IPO...

Controls and Procedures: The SEC has adopted in the last several years a variety of rules relating to both "disclosure controls and procedures" and "internal control over financial reporting." These rules require public companies to establish and maintain such controls, to evaluate them on a periodic basis and to report on such evaluations in their periodic SEC filings. In addition, a public company's annual report must include a management report on the company's internal control over financial reporting, as well as an audit report from the company's independent auditors.

These requirements make it critical for a company to establish and document robust controls and procedures prior to its IPO...

"Corporate Governance Issues:...It is never too early for a company comtemplating an IPO at some point in the future to [comply with] the corporate governance standards applicable to public companies [including those required] by the Sarbanes-Oxley Act, NASDAQ or NYSE rules...[The requirements include provisions regarding] ...independent directors... audit committees...compensation and nominating committees... codes of conduct... and shareholder approval of option plans..."

Read more in this article by Patrick J. Rondeau for PLI from which the foregoing was taken.

8/01/2008

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updated March, 2011

7/30/2008

How Do You Define Success?

Today's quotation from livinglifefully.com:

"It takes courage to buck the tide, but once you start to experience the freedom that comes from actively creating your own interpretation of success, you’ll find it easy to move on from people who haven’t yet figured out that having it all or spending long hours at an unsatisfying job will never define who they truly are, no matter how high the pay."

--Elaine St. James

Today's Meditation:

"'Actively creating your own interpretation of success.' These are words that none of us should miss, and that all of us should pay close attention to. Do you define success based on what other people call 'success,' or do you know what you want to do with your life and do your best to reach your goals on your own terms? Do you consider yourself a failure if you don't reach other people's expectations, or are you happy to be doing what you know to be important in your life?...

"Doing things on our terms can be difficult, for other people can't always be expected to understand where we're coming from. But we have to define our own terms for ourselves, and we have to live our lives for ourselves, searching for our own contentment and satisfaction if we're ever to be able to help others find theirs.

"Questions to consider:

How do you define success?

How do we fall into the trap of seeing success as being what everyone else defines it to be?

What are some of the possible obstacles that we face if we define success on our own terms? What are some of the possible benefits?
For further thought:

"The logic of worldly success rests on fallacy: the strange error that our perfection depends on the thoughts and opinions and applause of other people."

--Thomas Merton

6/05/2008

Consider Garden Leave Employment Termination Clauses

"'Garden leave' has become a common tool in English employment contracts for curtailing a departing employee's ability to work for the competition. Anecdotal evidence suggests that American employers, primarily on the East Coast, have begun inserting garden leave clauses into employment agreements. The enforceability of the garden leave clauses, however, remains untested in California courts.

"As it has developed in England, 'garden leave' describes a situation where an employee must give notice of termination a significant period of time prior to the effective date of termination. The employee then is required to spend the time between the date of notice and the termination date away from the office, i.e., at home 'in the garden.' The employee receives full payment of salary and benefits, but is precluded from contact with customers or the employer's confidential information; most importantly, the employee is precluded from beginning employment with a new employer until the garden leave expires. The length of the garden leave varies, but in the reported English cases generally runs from six to eighteen months in length.

The obvious benefit to the employer from a garden leave provision is that it prevents the employee from working for a competitor until such time as his/her current technical knowledge has become less useful to a competitor, the contacts with customers have become dated, or the employee is otherwise rendered less valuable to a competitor. The cost to the employer may be significant in paying the full salary and benefits to an employee for a lengthy period of time while the employee is not engaged in any productive activity on behalf of the employer. Thus, such clauses may be appropriate only for senior executives, key technical employees or others who have access to truly confidential information and/or key clients. Read more in this pli.edu article

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