It was the best of times, it was the worst of times....Charles Dickens
Erik Keller describes Sarbanes Oxley in French Revolution terms. In a comment he says "the rage that the average person has had for the cascade of examples trotted out over the years." I have heard others defend SOX in similar "justice" terms. Big is bad. We are making Immelt and McNealy and other CEOs look as guilty as Lay and Ebbers.
But that street justice is costing plenty as I write in this recently published article - Sarbanes-Oxley - $ 10 billion a word?
In Dickens' book, England became a safety valve for various people wanting to escape the Bastille and the Guillotine. The London Stock Exchange has similarly benefited from our version of the Bastille. Of course, we could export the revolution. With Nasdaq trying to acquire the LSE and Europe's own often aggressive compliance initiatives, the possibility is not remote.
There's no such thing as a free lunch. Even if we promise the masses they can eat cake.
More on Salespeople and Accountants
Courtesy of`Charlie Wood I saw this BusinessWeek article on salespeople.
"The problem is the same qualities which make salespeople so successful out in the marketplace can cause them to wreak havoc when they return to the office and interact with the rest of the staff.... To succeed, a salesperson must have (a) The hide of a rhino, to withstand constant rejection, (b) the stamina of a cheetah, to keep chasing a deal after all the others have given up, and (c) the persistence of a hyena, to never take "no" for an answer...Almost by definition, a great salesperson is going to try your patience...Instead of complaining about it, why not become a student of this rare but valuable species—and learn how to handle them effectively? ..the six common types of salespeople—folks like Negotiate-to-Death Neil and Throw-It-Over-the-Wall Wanda—."
Accountants of the world should breathe easier - it's not just you the salespeople grate on!
I agree good salespeople are worth pampering (after all I am one for my company, heh, heh)....but why do they need an entourage to support them? Especially in software, as I wrote here the marketing, business development, inside sales etc. are a) expensive and b) mask the really good salespeople. Now, I sound like that accountant...
June 27, 2006 in Industry Commentary | Permalink | Comments (3) | TrackBack (0)