All posts by steve@kerrzone.com

Why do we care?

When you care about something, there is a danger you will become hooked (like a fish on a line) and squirm and wiggle trying to get off the hook, right up to your last breath.

Given this line of thinking, not caring can be a real stress free way to travel through life.  Think about it.  I have an interesting true life example of employing the “stuff happens” attitude that illustrates how this can work.

Loosing Your Wallet

A gentleman I know lost his wallet in a restaurant.  It fell into a crack of the seat of a booth he was sitting in.

For myself and most people I know this would have resulted in panic, worry, fear, frustration, anger – basically a whole suite of strong but unpleasant emotions.

This gentleman simply accepted that stuff happens and went about the process of canceling his cards, reapplying for the other stuff and general replacing the wallet contents.

Weeks later, (well after the replacement work was completed) the wallet arrived at his home in the mail.  The restaurant cleaner had found it and using the address on the identification returned same (nothing was missing),

At this point my personal reaction  about what happened would be worn on my sleeve for all to see.  My gentleman friend simply let is slide off, smiled he got his money back and moved on.

The point, why care about something and get yourself in a tiff when nothing can be done and really there is no good reason to care about it.

Care when it makes sense

And the moral to the story is, if there is no reason to care don’t put yourself through the anguish.  Some things just are and need to be accepted.

Please join me in my mud puddle

Many of the conversations I  observe are about complaints.  It is a bit subjective, but I have come to the conclusion that gossiping and complaining are favorite topics among humans in general (human nature) This includes work colleagues and other acquaintances.

Metphorically speaking, if five people are walking and four of them fall into a dirty puddle, they are more likely to pull the fifth person (who is clean to this point) into the mud with them than anything else.

Choose your own behaviour

We are social animals and often hang together in groups.  This does not mean the group needs to drive your behaviour.

If you are having a chat with friends, colleagues or others and the discussion topic is depressing  (bitching and complaining) you should feel free to not participate or even leave, albeit respectfully.

Accentuate the positive

I am not sure exactly why but lately a line from a song in the movie “Mary Poppins” has been running through my head, simply – “accentuate the positive”.

What a great attitude.  Success is more likely to be achieved when you are looking/striving/focused on it, as opposed to complaining about lack thereof.

High Performing Teams

A key but often overlooked attribute of high performing teams is a unified approach to maintaining positivity.  Not only do the individuals on the team dance the feel good dance of the optimist, the whole team does it as an integrated whole.

So next time those friends of yours are trying to drag you into the mud puddle, resist firmly.  Keep your clothes clean.

My thoughts on the Panama Papers

A couple of weeks ago broad public disclosure of information stolen from the files of a Panamanian law firm began in ernest.  The data was stolen more than a year ago and during that time has been analyzed by the thiefs and agencies they shared it with.

Justifiable Theft

So far the majority of the publicty, analysis and discussion has been about what the data tells us.  For me this is a little disturbing as my personal value system has a strong bias to personal property rights.

The law firm did not share the data, ergo it was stolen.  The fact it was stolen and this is not the focus of the discussion is disturbing to me.  Allowing imoral behavior because the ends justify the means is an attribute of degenerate and corrupt cultures.

Behavioral dilemma

Basically Panama only applies tax to Panamanian sourced income and on that income the highest rate is 27%.  It is therefore considered a tax haven.

If you can get your money to Panama and then invest that money in non Panamanian investments and have that income paid to the Panamanian account you avoid taxes.

Depending on specifically what your investments are and how the money got to Panama a lot of this tax avoidance behavior is legal.  Some is tax evasion which means a law was actually broken, but not all the money disclosed in the Panamanian papers is related to illegal activity.

The Panamanian legal firm maintains everything they were involved in was legal.  The “leakers” , that is those that stole the data argue legal or not it is immoral.

Avoiding taxes is bad

The current discussion is primarily focused on the morals of tax avoidance (tax evasion is illegal so this  is not a moral discussion).  My view is if you want to have a moral discussion you should not avoid (pun intended) the morals of data theft.

Solving Problems through transformation

I had an interesting discussion yesterday about problems and continuous improvement.  Broadly speaking, often we don’t solve our problems permenantly. We do resolve them, but this is more of a continuous transformation.

This is not an absolute and some problems/issues are fully resolved one time. I would argue though a larger percentage of challenges are managed through iterations, as sort of continuous change process.

Continuous Improvement

One aspect of continuous improvement is about striving to be better.  Another less explored part of this concept is recognizing that often solutions are point in time and focus more on “transforming” the challenge so it no longer blocks the path.

Embracing the Challenge

Resolution of the problem is the goal, absolute resolution is not really the goal.  Approach the challenge as a change that needs to be made (transformation) .  That is a change from circumstances that block or reduce the ability to perform acceptably to a situation where forward progress can continue.

Considered within the context of Information Technology operations, problem and change management  are disciplines that are intricately linked.  Changes make problems and changes resolve problems.

Managing change is thus a key aspect of the solution to a problem.  Through change we can transform the issue so from its negative form to something everyone can live with.

Its all about perspective

Next issue you come across rather than treating it as a problem view it as an opportunity for positive change .  You should find this change in perspective helps you embrace the problem finding relatively easy resolution as opposed to frustrating anxiety.

 

Seeing the light

Years ago at a training seminar the concept of an “ah ha” moment.  I cannot remember the course objective or even any other content.  The “ah hah” moment concept, however, has stuck with me.

This is about that sudden point that arrives every once and a while when you feel like shouting – “I understand, let the bells ring out and the banners fly”.

Seeing the light

Coming to a gradual understanding usually takes longer and can often be arrived at through a series of “ah ha” moments. These moments of seeing all clearly are important both for their long and short term benefits.

The value of the “ah ha” moment , and the reason this concept has stuck with me for so many years is not in the moment itself.  Rather the important factor is the recognition of the moment.

The Power of Awareness

The fact you have suddenly been struck with a flash of brilliance (understanding) is of course very kool.  In reality on it’s own, the clarity is of liile consequence.  Only by recognizing the moment when it occurs can you embrace and put it to work for you.

The power of the ah ha moment lies in the leveraging of it to achieve a goal, resolve an issue or perhaps just gaining a sense of self satisfaction (feels good).

None of this can occur without that sudden thought -ah ha –  and from that point the power is within you ( or the force is with you).

Equity Quotas

Many of the companies in my stock portfolio have fiscal years that match the calendar year.  For  these companies the books close on December 31st.

This means the companies annual meetings largely fall in late March and April.  In March  their associated proxy servers  arrive for my review and proxy voting if I don’t plan to attend the meeting ( which I largely don’t)

For me March and April are a busy time as I review all these proxy circulars and vote.  Many companies allow shareholders to put proposals to the meeting (subject to various conditions).

MEDAC, a Quebec based shareholder activist group had two very interesting political proposals this year, one with Scotia Bank and one wit BCE ( Bell Canada Enterprises)

I have reviewed over 20 of these proxy circulars so far this years for the various companies in our portfolio so just finding two odd ones is not bad.

I do note though that almost every company had an executive compensation proposal from shareholders – without exception management recommend shareholders vote no to these.  This is the same overpaid management that benefits from these compensation policies – a future post topic.

Pay the Quebec Government More Taxes

This was a proposal from MEDAC  for the Scotia Bank annual meeting.  Seriously.  I own the shares to make money not pay more taxes.  (Interestingly MEDAC tried to get this one in at BMO’s meeting too but cooler heads prevailed and it was cancelled.)

More Women in Senior Management

Hopefully it is clear from my other posts I am a huge supporter of equality and diversity.  Affirmative action not so much.  I would hypothizise that most women would only want a senior position on merit anyway.  Affirmative action sends the wrong message to everyone.

BCE management agree with me thank goodness and recommended voting no.

Diversity Rules

Having a multi-cultural environment is a huge blessing.  It enables people of different backgrounds, beliefs and underlying value bases explore their commonalities and differences to the benefit of all.

If we were all the same

It’s the differences that add value to our lives.  I cannot image a society that requires conformity and represses freedoms of expression supposedly in the name of equality.

During a recent collaboration I was involved with the value of team diversity jumped out at me.  Different personalities, different approaches when listened to and considered by all stakeholders can only lead to innovative and much higher quality results.

On reflection, it occurred to me how powerful the balancing of different approaches can be toward creating a positive result – that would not have been achieved otherwise.

In this case the objective oriented “just get it done” personality balanced with the strategic  thinker, together with those just interested in understanding the tasks focus, led to all being able to achieve a full understanding and consideration of the why’s of any approach.

Through respectful dialogue the collaboration took on a life of it’s own and each persons perspective was acknowledged as a valid and important contribution.

Diversity is the core of Darwin’s Theory of Evolution

It is the very diversity of life itself that feeds the growth and maturity needed for our civilizations to continue to evolve to higher levels of understanding and achievement (evolution).

On a more micro level it is this same diversity that can help collaborative teams exceed expectations and be clearly recognized as high performing teams.

For me, the power of cultural diversity is a key strength of American and Canadian societies.

The best laid plans of mouse and men

I am an avid believer in the power of planning.  I came across the following quote the other day which really puts the exercise of planning into perspective.

“In preparing for battle I have always found that plans are useless, but planning is indispensable”. – Dwight Eisenhower

Planning versus Execution

A pet peeve of mine are stakeholders who view the plan and execution of same as linked activities.  That is, you must follow the plan.

True, having no plan results in chaos more often then not. This does not mean having a plan makes the execution simple and straightforward.  Skill and ability are still required.

Understanding the top level strategy and goals are absolute requirements as execution of a plan commences.  You need to be able to adjust on the fly and you do not always have the luxury to re-plan ( this can particularly apply in the case of a battle).

What is the power in planning

Eisenhower  knows the plans may get thrust aside in the heat of battle or modified on the fly; However, the likelihood of achieving the objective is greatly enhanced by the thought and ideas generated during the planning exercise.

My own big takeaway from this quote is the distinction between executing the activities contained within the plan (during this phase the plan could be considered useless)  and the planning exercise itself (which is invaluable)

So, planning and execution are both important aspects of achieving victory but are separate activities in and of themselves.

Are we as good as we think we are?

Many of my friends and collegues will attest to the fact that I am known to proudly proclaim on occassion “It’s all about me!”

This statement makes me neither conceited nor egotistical.  The reality is that this is my life, just as yours belongs to you.  Its my life so it’s about me, logically speaking.

Caution must be exercised with the interpretation of this pronouncement.  Its all about me does not include by default “at the expense of others” nor “others don’t matter”.

How great am I?

If I believe I am the greatest than I am.  The qualifier though is this greatness assessment is personal and against my own bar (measure).  Others measures and characterization of my capabilities may differ and of course these opinions matter ( to those people, anyway).

Most Important opinion

At the end of the day what you think about yourself carries the most weight.  Even if others think you are the most skilled personable person on the earth and you yourself do not; than you are not.

So I am proud to say, I am great and it is all about me.  Shame is a false emotion with little value.  Empathy of how others are feeling and a realistic understanding of where your personal greatness assessment needs to be reigned in out of respect for others is critical.

It is all about me, but others are of critical importance.

If you are throughly confused at this point, this post sounds contradictory to you – just remember the mantra ” Its all about me” .  That should make you feel better, works for me.

Treating others with integrity and respect

I read about a CEO the other day, whom others characterized as exhibiting high integrity and respect for other.  It was the first time I had heard these two behaviors specifically linked and it really resonated with me.

Integrity and Respect

My first thought was, “As a unified behavior, what does this look like?”

Combining the definition of each word you get something like “Exihibiting a strong sense of honesty and morality while recognizing others  for their abilities, qualities or achievements.”

The underlying theme is being a person of good character consistently and particularly in the prescence of others.

Trust

Most likely whomever you come across clearly exhibiting these behavioural traits will engender your trust.  Trust is a foundational attribute for an exceptional leader.  While you may excel in other leadership traits there is a bar you probably cannot leap over without the trust of your followers.

In this context integrity and respect are powerful and critically important traits for those that aspire to be viewed as an exceptional leader.

Interesting to hear others describe the CEO’s behaviour this way, I think I have some new personal aspirational goals..