Monday, October 8, 2012

Bogus Bonuses and C.E.O. Salaries

Bogus Bonuses and C.E.O. Salaries:
One of the most common justifications for hefty C.E.O. compensation packages is that if the leaders of industry are not paid well, the so-called best and brightest will no longer flock to fill the corporate ranks, and will instead go elsewhere. High salaries (and bonuses, etc) are said to both motivate and retain these brilliant minds.
While this sounds somewhat plausible, as it turns out, a new study shows that it’s just not true. One driver of executive pay, called the peer-group benchmark, compares the salaries of executives among ostensibly similar companies as a way of keeping salaries competitive and within reasonable market limits. The problem is, this measure assumes that a C.E.O. at one company could pick up and leave for greener pastures at another, which, as it turns out, is a false presumption.
The study, conducted by Charles M. Elson and Craig K. Ferrere, shows that many of the skills C.E.O.s possess are specific to the company in which they are acquired, and are not readily transferable to other companies. Their analysis shows that almost every attempted transplant at the top ranks has resulted in failure.
What this means is that all this benchmarking makes the market of C.E.O.s seem like a market with high mobility, allowing for C.E.O.s to move to other companies when in fact a C.E.O. who manages one company well is unlikely to be successful in another.  Therefore, a company looking for a C.E.O. cannot actually consider all C.E.O.s as potential candidates. Benchmarking, then, is little more than a way to inflate executive salaries by comparing jobs in markets that are essentially incomparable.
Ultimately this study shows that determining executive salaries needs to be reevaluated and reconfigured with an eye to empirical data, even if that means reducing C.E.O. pay. After all, we are all shareholders in these companies and they are giving away our money for what turns out to be no good reason.

This Weekend: The Longest Free Fall In History, Finally.

What Absolutely Cannot Go Wrong When Felix Baumgartner Attempts The Longest Free Fall In History:

Leaping Into The Unknown BASE jumper Felix Baumgartner plummets toward Earth in a spacesuit during a test skydive. The grand attempt will be a jump from 120,000 feet. Jay Nemeth/Red Bull Content Pool
On Monday, Baumgartner will attempt a record-breaking skydive from 23 miles up. Can he pull it off? And is it just a stunt, or does it stand to benefit science?

13 Little-Known Punctuation Marks We Should Be Using

13 Little-Known Punctuation Marks We Should Be Using:
Because sometimes periods, commas, colons, semi-colons, dashes, hyphens, apostrophes, question marks, exclamation points, quotation marks, brackets, parentheses, braces, and ellipses won’t do.

1. Interrobang



Self-Braking Cars Will Save Thousands of Lives

Self-Braking Cars Will Save Thousands of Lives: null

Virginia Tech researchers demonstrate the value of safety systems that take action when a distracted driver doesn't

A New Rooftop Coating Makes Buildings 'Sweat' To Cut Cooling Costs

A New Rooftop Coating Makes Buildings 'Sweat' To Cut Cooling Costs:

Sweating Rooftops In tests on model homes using an infrared camera, the house on the right (covered in the "sweating" polymer) remains cool while the house on the left (covered in a regular polymer) absorbs heat and grows warmer. Rotzetter ACC et al. / Advanced Materials
By absorbing moisture when it rains and expelling it as vapor when it becomes warm, buildings can essentially sweat just like humans.
Researchers at ETH-Zurich are borrowing from biology to cool buildings in a novel way: by making them "sweat." They've developed a permeable polymer mat that can be spread across rooftops to absorb moisture like a sponge when it rains, locking it inside. But when heated to a certain temperature by the sun the material becomes hydrophobic and pushes the water out. Just as humans expel heat from the body by imparting it to sweat on our skins that then vaporizes to carry the heat away, so would these "sweating" buildings remain passively cool by imparting their heat to water evaporating into the atmosphere, shaving up to 60 percent off air conditioning loads.
[ETH-Zurich]



Sunday, October 7, 2012

Bring Pencils on Planes, and Other Writing Advice From Margaret Atwood

Bring Pencils on Planes, and Other Writing Advice From Margaret Atwood: Stay limber, get a thesaurus, and eight further morsels of writerly wisdom
margaretatwood.jpg
In the winter of 2010, inspired by Elmore Leonard's 10 rules of writing published in The New York Times nearly a decade earlier, The Guardian asked some of today's most celebrated authors to each produce a list of personal writing commandments.
After 10 from Zadie Smith and 8 from Neil Gaiman, here comes Margaret Atwood with her denary decree:

Saturday, October 6, 2012

Maybe the Army gave you more than you gave to it

It is possible that your military service is a "gift" that keeps on giving. More support for the underground movement of veterans who quietly oppose their needy--and public--peers.

Does Military Service Increase Future Wages?:
In this month’s American Economic Journal, David Card and Ana Rute Cardoso explore the relationship between military service and future wages (abstract; PDF):

We provide new evidence on the long-term impacts of peacetime conscription, using longitudinal data for Portuguese men born in 1967. These men were inducted at age 21, allowing us to use preconscription wages to control for ability differences between conscripts and nonconscripts. We find a significant 4-5 percentage point impact of service on the wages of men with only primary education, coupled with a zero effect for men with higher education. The effect for less-educated men suggests that mandatory service can be a valuable experience for those who might otherwise spend their careers in low-level jobs.

Wednesday, October 3, 2012

Unintended Consequences

"when you pursue a goal, no matter how right-minded it may be, with the zeal of an advocate rather than the pragmatism of a skeptic, it’s easy to misfire." -  Stephen J. Dubner

This is from a recent Freakonomics blog post titled Consuming More Energy in the Pursuit of Saving Energy.

Tuesday, October 2, 2012

Meet The 2012 MacArthur Foundation "Genius" Scientists

Meet The 2012 MacArthur Foundation "Genius" Scientists:

Elissa Hallem MacArthur Foundation
A parasite-fighting neurobiologist, a pediatric neurosurgeon, two Brilliant 10 winners, and other scientists awarded a 2012 MacArthur Fellowship.
Every year, the MacArthur Foundation makes an investment--a $500,000 investment--in the future by handing out bags of money to people whose work shows promise. Of course that includes scientists doing world-changing research. The 2012 fellows were just announced, and here they are. Two of the winners have also been named one of PopSci's Brilliant 10: Maria Chudnovsky and Melody Swartz.

"The Princess Bride" And The Man In Black's Lessons In Competitive Strategy

"The Princess Bride" And The Man In Black's Lessons In Competitive Strategy:
What does the ancient Chinese classic The Art of War by Sun Tzu have to do with another classic, the 1987 movie The Princess Bride? Well, a key strategy from the Art of War is wonderfully illustrated in the movie's "Battle of Wits" scene between the villain Vizzini and the hero Westley (aka "The Man in Black"). More importantly, this approach can be applied to business to make your company more successful.
If you're not familiar with the scene (or just want to enjoy it again) you can watch it here.The Battle of Wits
The strategy from the Art of War that is exemplified is "Winning the Battle Before It Is Fought." Westley creatively illustrates this by having beforehand made himself invulnerable to the iocane poison through constant exposure. He then sets the terms of the contest to include it. Therefore it matters not which cup he drinks from, as either way he will win the battle.

Countdown to 'Fearless' Felix's Supersonic Skydive Begins

Countdown to 'Fearless' Felix's Supersonic Skydive Begins: Skydiver Felix Baumgartner has made some craaaaazy jumps over the years, including BASE jumping from Petronas Towers and the Tapei 101 skyscraper. Impressive, but nothing compared to his plan to skydive from 23 miles above the Earth next week.

How Bill Nye Became The Science Guy. And A Ballet Shoe Inventor. And a Political Voice

How Bill Nye Became The Science Guy. And A Ballet Shoe Inventor. And a Political Voice:
When Bill Nye tells a story about getting hit in the head, he stops to remind you about inertia, “a property of matter.” He’ll ask you how many electric switches are in your iPhone and casually chat about SpaceShipOne.

It seems as though Nye were born to play the role for which he is best known: “the science guy,” an amusing, bow-tie-wearing teacher with an entertaining experiment to go with every scientific phenomena.

Observation Deck: Designing Cities for People, Not Cars

Observation Deck: Designing Cities for People, Not Cars: Cities are not for cars. Well, OK, they sort of are -- with their wide, gridded streets and highways, crosswalks for pedestrians, and intermittent sidewalks. But it doesn't have to be this way. With London touting a plan to build skyways for bikes, it's worth thinking about the ways cities could rebuild parts of themselves. This week's Observation Deck contemplates how metropolises could be built for people, not cars.

Driverless Cars Would Reshape Automobiles *and* the Transit System

Driverless Cars Would Reshape Automobiles *and* the Transit System:
The big opportunity of robocars isn't the cars themselves; it's how they could create a far more efficient transportation system.
driverlesscar.jpg
When I've thought about driverless cars, which if you believe Sergey Brin, will be available within "several years," I've tended to think of them as a drop-in replacement for our current automobiles. So, you'd buy a VW Automaton and it would sit in your driveway until you wanted to go somewhere. Then, you'd hop in, say, "Take me to Lake Merritt," and then just sit back and pop in the latest Animal Collective while the computer drove.

Thursday, September 27, 2012

Wired: How Big-League Bats Are Getting Harder Than Ever

How Big-League Bats Are Getting Harder Than Ever: Ted Williams looked for bats with knots in the barrel because, he thought, the compressed wood within the gnarls would return more energy upon impact with a pitched baseball. It?s the same reason that, dating back generations, players have worked over their bats by rubbing an animal bone lengthwise across the barrel, packing the raised grains of the wood and create a tight, level hitting surface.

TBD: The 2011 Army survey: Actually, Tom, there is a lot to worry about in there

The 2011 Army survey: Actually, Tom, there is a lot to worry about in there:
By Jörg Muth
Best Defense directorate of mission command
Thank you for posting the link to
the annual survey of Army leaders
. To answer your question I think we
should start worrying now. While the report was exhaustive, transparent and
well crafted, it came from within the system and thus suffers heavily from betriebsblindheit -- company blindness.
That is a notable German word that describes the inability of a person who was
forever with a company to see certain problems. I read the report with the eye
of the sociologist, historian, and Army fan.
The first worrisome fact is that only 15.7 percent of uniformed
personnel were willing to take part in that survey. It is most likely that many
of two major groups whose responses would be most important did not reply --
those in combat units because they are too busy and those who want to get out
anyway because they are too disillusioned already.
There are discrepancies in the findings that are not solved.
When 70 percent of the leaders rank the leadership capabilities of their superiors as good, why do only half of the questioned want to emulate the behavior of their
leaders, and why are only 44 percent able to learn from them? After all, 70 percent point out that
their superior leads by example.
How is it possible to get so many favorable ratings on
leaders when 58 percent of those who think that the Army heads in the wrong direction
reflect that the Army is unable to retain the best leaders, and only 44 percent think
that the personnel promotions are accurate? The same level of identified toxic
leaders over the years shows that there is something wrong with the system of
weeding out incapable leaders.
Surveys like this from active duty soldiers need to be
corroborated with surveys from officers who left the service because they
believed the good leaders were not promoted. There was a survey not long ago
for West Point officers who left the service and they gave that as their second
most important reason to leave, just after the Army bureaucracy (82 percent).
Especially the agreement to leadership capabilities expressed in higher ranks
points out to the tendency that those who were the most streamlined were
promoted.
Obviously most (85 percent) leaders of the current survey showed
false confidence in their cross-cultural interaction abilities because the
feedback from foreigners about behavior of U.S. Army officers is way less
positive.
If the leadership is so outstanding, why do only 43 percent of
those stationed in Iraq or Afghanistan rate the morale of their unit as high or very
high? Samuel Stouffer in his seminal sociological work, The American Soldier, had recognized
in 1949 that in such surveys you need to distinguish between combat and
non-combat units. I predict that the leadership ratings for combat units will
be way worse if they were singled out for this survey. It is easy to lead by
example a staff stationed in a FOB, compared to a rifle company in Helmland,
Afghanistan. The tail of the U.S. Army is by now so big that only a fraction of
the leaders served in combat units, yet they are the most crucial.
Morale seems to be an issue and that needs to be addressed.
91 percent of the Majors and Colonels claim to be satisfied with their careers, yet
their personal morale level is at 63 percent (high or very high).
The idea of the survey is excellent, but what can be done to
improve it next year?
  • Make it shorter instead of more detailed to
    motivate soldiers to participate. Focus on key leadership elements.
  • Bring in experts who know the Army but are not
    in the Army for an out-of-the box perspective.
  • Distinguish between combat and non-combat units.
  • Corroborate the data of the survey with other
    surveys, especially from soldiers who have left the Army.
  • Give room for quality answers and not only
    closed questions. Before World War II, the German Army routinely used to ask its
    juniors officers during the district defense examination for their opinion on a
    certain topic and thus got a wealth of valuable input and creative ideas to
    improve.
Jörg Muth, PhD, studied History, Sociology, the Law and Peace- and Conflict
Studies. He is an expert on the US Army -past and present. Jörg is the author
of
Command
Culture: Officer Education in the U.S. Army and the German Armed Forces,
1901-1940, and the Consequences for World War II.
The book was placed by the Army Chief of Staff, General Raymond T.
Odierno, on his professional reading list. In June
Command Culture received the 'Distinguished Writing Award' of the Army
Historical Foundation
.

Tuesday, September 25, 2012

The Fastest Way To Crack A 4-Digit PIN Number [Infographic]

The Fastest Way To Crack A 4-Digit PIN Number [Infographic]:

Pin Analysis Data Genetics
Good ol' 1234 accounts for about 10 percent of passwords. That's more than the bottom 4,200 combinations put together.
We know people default to bad passwords, whether for their computers or banking PINs. But, we have to stress this here, people are really bad at picking passwords. This infographic visualizes that idea by taking all of the possible combinations and mapping them based on frequency of use.
A data set of 3.4 million pins was used. The first two digits are on the horizontal end; the second two on the vertical end. That perfectly diagonal yellow line streaking across it shows the frequency of 1111, 2222, etc. Data Genetics crunched the numbers (based on "released/exposed/discovered password tables and security breaches") used in the graphic, and came up with some fascinating finds:
  • You can crack more than 10 percent of random PINs by dialing in 1234. Expanding a bit, 1234, 0000, and 1111, make up about 20 percent.
  • 26.83 percent of passwords can be cracked using the top 20 combinations. That would be 0.2 percent of the passwords if they were randomly distributed.
  • For the data set used, 8068 is the "safest" password, used just 25 times out of 3.4 million.
  • Birthday years are big. The 1900 PINS--1986, 1960, 1991, and so on--are extremely popular, with PINs from later in the century used the most.
  • A full 17.8 percent of PINs are couplets, such as 7878, 8181.
  • 2580 seems random, but comes it at No. 22 most-used on the list. Why? Because it's straight down the middle row on a telephone keypad.
There are better ways to pick a password.
[Data Genetics via visual.ly]



A Computer Program That Predicts Terrorist Attacks

A Computer Program That Predicts Terrorist Attacks:
A data-mining project that adapts analytics used by Amazon and big box retailers to predict customer behavior is now being used to stop terrorism before it starts.

You Won't Need a Driver's License by 2040

You Won't Need a Driver's License by 2040: According to the IEEE, autonomous vehicles will make up the majority of cars on the road by 2040. And since you don't need a license to ride a bus, you might not need special training to be whisked from location to location.

The Horror of Antietam

The Horror of Antietam:
A misty rain shrouded Antietam Creek as Pvt. David L. Thompson and other footsore soldiers from the 9th New York Infantry took their places on the Union line and unrolled their blankets. It was Sept. 16, 1862, a night marked by the sputtering fire of nervous pickets, the cursing of men tripping over objects in the dark (including a regimental dog), and waves of panic.