Monday, February 28, 2005

The IRS has apparently launched the biggest criminal tax fraud prosecution in US history. An art collector called Walter Anderson is the lucky winner, and was nabbed by the feds today at Dulles as he arrived from London.

How complicated does your life have to be to owe $450m in evaded tax?

Puts everything else into a little perpective, I guess.



This item on the Reuter news diary for today:

New York court to begin hearing lawsuit brought by more than 100 Vietnamese seeking compensation and clean-up of contaminated areas from more than 30 firms, among them Dow Chemical and Monsanto Co, makers of Agent Orange.



Myron Kandel, perpetual star of the cocktail line at the Financial Follies, is retiring. A real pro. Good luck...


Tonight is the official leaving party for about 30 of my colleagues who took the recent voluntary redundancy package. Good luck to them, too... Coincidentally, it's the same day our parent company announced prelims for 2004.


Meanwhile, a journal called Personnel Psychology thinks that “rank and yank” systems, where a set number of under-performing employees are fired each year can improve the performance potential of a typical organization.

excerpt:

"Supporters of FDRS (Forced Distribution Ratings System) believe it motivates the best employees, removes dead wood, and helps to develop strong leaders. Detractors see a myriad of problems including a system that is open to bias and discourages teamwork. The authors found that “in all our scenarios, workforce performance potential at the end of the simulation was higher than it was at the beginning.” The overall impact of FDRS on the company’s performance was not measured."




The Michael Jackson trial opens today. And even though this is a bit old, it's still very very funny....



Talk about good money after bad.... or, get out now while there's even a remote possibility the franchise might be worth something next season.

Meanwhile, post-Oscars, the mothership moves to resolve another loose end.



Hey. For $4.4m, I can usually tie my shoes and whistle at the same time.


Lets just hope this isn't true....


And, yep. Snowing again....

By the way - this is well worth checking out. $5 from each sale goes to Juvenile Diabetes Foundation.

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