Dallas Mavericks owner Mark Cuban admits he didn't spend enough time monitoring the business offices and put too much trust in the team's former CEO, who committed assaults and created an office environment where sexual harassment and other inappropriate behaviors were tolerated. "There's no way to downplay it, and if someone showed me this from another company and asked me to read it, I would say you can't make a bigger mistake, because that destroys the whole culture of your organization," Cuban says.
Teams value CEOs who make brave shifts in strategy and focus on developing team members, writes Cheryl Bachelder, former CEO of Popeyes Louisiana Kitchen. Employees also want clear statements about your principles and values, as well as seeing how you live those even when pressured to act otherwise, she writes.
Just because fines from enforcement activity decreased 7.2% last year and continue to decline this year does not mean the Securities and Exchange Commission is not policing the market, says Stephanie Avakian, co-director of enforcement. "Any assessment that suggests our effectiveness should be measured solely based on the number of cases we bring over any particular period of time is misguided," she says.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, said the IRS should revise guidance clarifying taxpayers' obligations involving virtual currencies. "Since the emergence of virtual currencies, the IRS has struggled with how to treat virtual currencies for tax purposes and the amount of guidance necessary to assist taxpayers in understanding their tax obligations," Brady said in a letter to acting IRS Commissioner David Kautter.
Shipments of goods from China to the US are at a four-year high as Chinese exporters rush to land deliveries before the latest US tariffs bite. A 10% levy applies to a range of Chinese goods starting Monday -- 25% starting next year -- although US retailers such as Walmart and Target have indicated they will not increase consumer prices in the near term.
Important conversations have a lot of variables to keep tabs on, and one action that can help is creating a framework, writes David Hiatt. "[T]he conversation should have an agreed upon purpose, confirmation of the time allotted, agreed upon agendas and expectations of people engaged in the conversation, and a goal or outcome at the end of the conversation," he writes.
VHS and board games joined forces in the mid-1980s as a sort of precursor to interactive video games, writes Ernie Smith. "It's clear in retrospect but probably was less clear back then that the VCR board game was a half-solution, an attempt by people excited about technology to move things forward," he writes.
It's easier to deal with a negative person when you don't take their comments personally or, in some cases, try to respond with humor, writes Dr. Kristen Fuller. "You may want to ask yourself, what is happening in this person's life that is making them behave this way?" she writes.
Probability isn't a one-time decision, and an important and difficult-to-learn skill is being able to incorporate and properly weigh new information into our probabilities, writes Shane Parrish. "A high probability of something being true is not the same as saying it is true," he cautions.
Your marketing team will deliver more value if they practice agile practices, such as experiencing your market as a customer, prioritizing projects with the greatest potential impact and knowing which performance metrics to analyze, writes Brian Ricci. "Data mining should be a very active exercise in which marketers are aggressively searching for improvement opportunities," he writes.
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