Thomas Bach, the new president of the International Olympic Committee, is the ninth person to hold the position since it was established in 1894. The election of Mr Bach, once an Olympic gold medal fencer, comes shortly after the investiture of Ephraim Mirvis as chief rabbi of Britain and the Commonwealth. Britain has had chief rabbis since 1704. Rabbi Mirvis is just the 11th to hold the post.
When the Olympic movement and British Jewry appoint bosses, they expect them to stick around.
Contrast that with company chief executives, who are being thrown out in almost unprecedented numbers. Read more
A recent blog post in the Harvard Business Review raised the one of the most annoying and common problems of modern day office life: the “‘busy’ humble-brag”.
Everyone, just everyone, complains about how busy (or tired) they are at work. No one can even be plain busy – they are “slammed” or “buried”, writes Meredith Fineman, a publicist. Each employee, she says, is locked in a competitive battle of hyperbolic one-upmanship.
Ms Fineman’s favourite humble-brag (a brag because, of course, it also shows your importance) was “that of a potential client who apologized for lack of communication due to a ‘”week-long fire drill’. What does that even mean? Does this mean there were fake fires, but not real ones, all week? Does calling it a ‘drill’ mean that everything is okay? Is your business in flames? Should I call someone?” Read more
The revelation that candidates for a job at Currys, the UK electronics retailer, were asked to dance as part of the interview process, recalls David Brent’s worst excesses. But at least the mythical manager in The Office chose to humiliate himself.
As 21-year-old graduate Alan Bacon told the BBC: Read more
First came Ben & Jerry’s. Now we have a new brand: Steve & Stephen. It sounds like a men’s hairdressing salon, but turns out to be the sign-off used by Steve Ballmer and Stephen Elop in their open letter telling the world that Steve at Microsoft has bought Stephen’s Nokia handsets.
The effect leaves me feeling slightly queasy. The ampersand usually belongs to more formal pairings – Johnson & Johnson or Dun & Bradstreet – and to see it joining two first names like that gives the new “brand” a cheeky, snappy feel. Read more
What is the Finnish for “I told you so”? That is how plenty of Finns – including a large number of ex-Nokians, swept out in successive restructurings since Stephen Elop took charge of Nokia in 2010 – will greet news that Microsoft is to buy the mobile company’s handset and services business.
It won’t make any difference to them that Nokia has an increasingly important telecoms equipment business, NSN, which guarantees a future to the rump of the company. Since the radical strategy shift of the mid-1990s, when the timber-to-tyres conglomerate refocused on its fledgling telecoms operation, Nokia has been identified with home-grown phones. But a second coming under Finnish ownership for the country’s best-known consumer brand turned out to be impossible: its future will now be dictated from Redmond not Espoo.
This outcome, or a version of it, was already in the air in early 2011 when I visited Nokia’s headquarters to look at the challenges facing Mr Elop. His decision to leap from a “burning platform”, as he called it, into the arms of Microsoft as software partner for its smartphones certainly ruled out other options, such as using Google’s Android or a home-grown operating system. But a full takeover of the phones business by the US company was not inevitable.
Four elements have conspired to make it happen. Read more
Tim Armstrong, chief executive of AOL, has apologised for firing Abel Lenz, creative director at the company’s Patch, in front of 1,000 co-workers.
It comes on the heels of a leaked recording that was published by Business Insider, in which Mr Armstrong is heard dismissing Mr Lenz in strong terms followed by an awkward silence. The recording went viral. Read more
As a red-faced, red-haired infant who was close to her hands-on stepfather, the metaphor invoked by activist investor Dan Loeb that Sony treats its entertainment business like a “red-headed stepchild” has no personal resonance.
But I get it. Leaving aside any gripes from the ginger brigade, his accusation that the company treats this part of the group with disdain is clear.
This comes just days after the forthright statement from Mark Cutifani, chief executive of Anglo-American, condemned the mining company’s performance as “constipated” and promised to “get our arses into gear and start making a difference”. Read more