Year of the Quitter
Entertaining – MobileJones has put together a list of the top noteable quitters of 2006 – Dave Winer, Tim O’Reilly, Robert Scoble, and Om Malik all make it for various things.
Austin Future Salon
Good stuff, an interesting mix of people, careers, personalities and goals. There is some pretty cool stuff being put together on the horizon on the local level (which isn’t a surprise because Jon Lebkowsky – author of Extreme Democracy – is the local founder). The goals being targeted are large and awesome, which causes me to urge the group to scale down to something with far faster feedback loops (build some momentum to begin scaling the group), but we’ll see.
CEO Compensation
InfoWeek – Relics from an industrial economy –
The average chief executive in the United States earned 262 times the pay of the average worker in 2005, according to the Economic Policy Institute (EPI), a non-profit think tank.
In 2005, a CEO earned more in one workday (there are 260 in a year) than an average worker earned in 52 weeks, according to the EPI (Washington, D.C.).
In 1965, U.S. CEOs in major companies earned 24 times more than an average worker; this ratio grew to 35 in 1978 and to 71 in 1989, according to the EPI.
In the industrial economy it made sense for these guys to be making the most (they were at the top of the pyramid) but in a network economy compensation should correlate to flows. Make the most impact, make the most cash. It’s about the ecosystem comprised of individuals, not corporations as organisms.
New Venture
Just stumbled across Robb’s new company where he will be acting as a “PTO”, I won’t provide a link (John hasn’t done so on his site for some reason and I will be respecting that) but it’s out there. Looks to be a very cool place to be in this economy. Good luck.
Tidbit
All major cities in Texas have been spending between 60 and 70% of its budget on public safety, looks to be a nationwide average. Probably a step in the right direction, although the actual line by line looks to be filled with quite a large degree of waste.