Saturday, October 29, 2005

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Instead of Waving the Bloody Shirt... Sarbanes-Oxley, or SOX, is taken very seriously in corporate America these days. The conventional wisdom, freely expressed, is that SOX violations could send you CEO to jail (and of course egregious violations could do just that, though the likelihood is probably being vastly over-estimated; comparable to making an honest mistake on your personal income taxes, which could result in a penalty, but will not land you in jail; but I digress). So one effective tactic to get your pet project approved is to claim that SOX-compliance is an issue. You might call this tactic "waving the bloody sox"! 1:38:31 PM    comment []

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A Wal-Mart internal white paper on costs and strategies regarding employee healthcare benefits was leaked. One of the many items pertained to trying to become less attractive to unhealthy workers. I remember idly wondering about the feasibility strategy during the health-benefits crisis of the late 80s, when I first started working and was attending b-school. I posited that a smaller, start-up company might strategically offer less generous health benefits, but more cash compensation, though still less than the cost of health benefits for a full family. Remember also, that in those days, very little, if any, of health insurance premiums were paid by employees. 1:31:58 PM    comment []