Mar. 23rd, 2012

giandujakiss: (Default)
Except that I agree, speaking as a liberal, that "respect for authority and sanctity" are nowhere near my personal code of morality. "Loyalty" might be somewhere there, but with an asterisk.
Conservatives may not like liberals, but they seem to understand them. In contrast, many liberals find conservative voters not just wrong but also bewildering.

One academic study asked 2,000 Americans to fill out questionnaires about moral questions. In some cases, they were asked to fill them out as they thought a “typical liberal” or a “typical conservative” would respond.

Moderates and conservatives were adept at guessing how liberals would answer questions. Liberals, especially those who described themselves as “very liberal,” were least able to put themselves in the minds of their adversaries and guess how conservatives would answer.

Now a fascinating new book comes along that, to a liberal like myself, helps demystify the right — and illuminates the kind of messaging that might connect with voters of all stripes. “The Righteous Mind,” by Jonathan Haidt, a University of Virginia psychology professor, argues that, for liberals, morality is largely a matter of three values: caring for the weak, fairness and liberty. Conservatives share those concerns (although they think of fairness and liberty differently) and add three others: loyalty, respect for authority and sanctity.

His team asked research subjects pesky questions. What would they think of a brother and sister who experimented with incest, while using birth control? Or of a family that, after their pet dog was run over, ate it for dinner?

Most respondents were appalled but often had trouble articulating why; we find these examples instinctively disturbing even if no one is harmed. (One lesson of the book: If you see Haidt approaching with a clipboard, run!)

Of course, political debates aren’t built on the consumption of roadkill. But they do often revolve around this broader moral code.

Another way of putting it is this: Americans speak about values in six languages, from care to sanctity. Conservatives speak all six, but liberals are fluent in only three. And some (me included) mostly use just one, care for victims.
Speaking for my liberal self, if you change "respect for authority" to "respect for expertise," and change "loyalty" to "responsibility," then that would come closer to my moral code.
giandujakiss: (Default)
Man of steel gains as Nucor stockholders languish…
Let’s hear it for the corporate boss who gets a 20% raise — or maybe 88%, depending how you count — when his company lost shareholders 6.4% for the year, saw returns trail the S&P 500 by 8.5 percentage points, and has seen returns trail its industry by 12 points over the last three years.

This man of steel — whose compensation can withstand the slings and arrows of muddled performance — is none other than the chairman and chief executive of steelmaker Nucor (NUE), Daniel R. DiMicco. According to the proxy filed this morning, DiMicco’s total compensation rose to $8.1 million for 2011, from $6.8 million in 2010. The biggest chunk of that change came from his cash bonus, which rose to $1.5 million from $540,000.

That’s using the standard compensation calculation required by the Securities and Exchange Commission. But like many companies chafing at the comp-disclosure bit, Nucor offers an “alternative” calculus — and one that is even more eye-opening: By Nucor’s measure, DiMicco’s 2011 pay rose a whopping 88% over the prior year, to $5.3 million from $2.8 million. (The chief difference between the two measures is that the “alternative” attempts to exclude “compensation that may possibly be earned but is not guaranteed” by ignoring options and reducing the stock-award value by some voodoo the company doesn’t explain very clearly.)

Shareholders, meantime, would have done better to invest in just about any major stock index during 2011 (the period covered by the proxy). The one place shareholders would have done worse, on a total-return basis, is the rest of the steel industry, and we do have to give Nucor some credit here. Nucor outstripped the steel industry by 28 points in 2011, after trailing it by 9 points in 2010 and by 107 points in 2009. DiMicco has run the company since 2000, and has been chairman since 2006; looking over the past three, five and 10 years, the company’s total return has trailed the steel industry’s by between 5 and 12 percentage points, and the S&P 500 by even more.
Squinting to find the silver lining at Sears…
We’re talking about Sears Holdings Corporation (SHLD) again, which has been in the headlines a lot lately. Besides Theo’s post last Thursday (about Sears’ efforts to stem executive losses), there have been reports like this one (the hope that a technology-driven loyalty program will help stanch last year’s $3.1 billion loss) and this one (how the planned closure of 62 more stores will result in countless job losses).

So here’s the silver lining, faint as it may be. The proxy that Sears filed last Friday at 5:00 p.m. revealed that a few jobs seem quite secure – namely, those of the busy pilots who squire Louis J. D’Ambrosio, chief executive and president, around in the corporate jet.

You see, even though D’Ambrosio joined Sears 14 months ago, he opted to keep his house in Philadelphia rather than move to the greater Chicago area, where Sears’ headquarters is located. It’s common for executives to do that for a few months, perhaps while kids finish the school year, or maybe while a spouse winds up a job or the family gets its home ready to sell.

But the filing contains no clues that – more than a year after taking the reins at Sears – D’Ambrosio’s situation is in fact temporary.
The problem, of course, is that there is absolutely no effective mechanism in place to stop corporate executives from virtually looting the company no matter how shitty their job performance. Nothing. So investors suffer, workers suffer, and management makes out like bandits - literally.
giandujakiss: (Dollhouse)
So I could boycott Belvedere. Trigger warning for sexual assault. Seriously.

(They've apparently sort of apologized and pulled the ad)

Why does the world suck so very hard?
giandujakiss: (Default)
I haven't read the books. What with all the hype for the movie, I was trying to decide whether to read the books, and then I remembered that, in my experience, people who read the book before seeing the movie are frequently disappointed in the movie, but people who see the movie first and then read the book often enjoy both, so I didn't.

Anyhoo, I have to say, the thing that disturbed the hell out of me more than anything else was -

Spoilers )

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