This article blew up! I appreciate the feedback provided by those in the audience and the excitement that everyone brought to the material at hand.
To cover some of the points; the team behind the article had the pleasure of working alongside management and executives from large enterprises and governmental bodies to SMBs. The website serves as a medium to share some of the knowledge that our team has gained throughout our careers (supported by research from what some consider to be leaders in their respective markets) with the aim of helping individuals and organizations bring their very best to wherever place they work at.
I can appreciate the skepticism of some netizens, but I think it is worth noting that many of the tools, solutions and perspectives that are provided and advised in the website are either free to use or considered cream-of-the-crop in the market today. Some of the tools in one of the segments for today’s article are in-development because they are often provided free to use and involve personal development time outside the organization’s average daily schedule.
If you have questions, concerns or need support with anything, please reach out via linkedin.
Creating a bank account as a foreigner has become increasingly difficult since a subsidiary of Danske [1], a prior Fortune Global 500, was caught in a major money laundering case which has brought the scrutiny of EU and US regulators into their banking sector.
For those interested in opening an e-business in Estonia, please be mindful that due to the 'Tech Company' way in which the government looks to operate, that there is an increasing rate of change in regulations which can impact your business decisions, although major generic areas such as Corporate and Personal tax rate has trended downwards (around 25% in 2004 and 20% now).
Life, in most cases, is built upon all 4 points listed by OP with a varying degree of applicability. If magically, everyone decided to just accept 1 without doing any of the others, you would likely find society going down the drain or the few who attempt 2,3 or 4 with an exceptional return of investment.
I find it difficult to undermine all four 'kinds of luck' when you look at someone studying hard to get into a certain university, or you look at a foreigner deciding to uproot their lives to hopefully get a better life in US/Canada,etc or someone who decided to knock on every door to get their first client and hone their skills throughout that process.
The exec response can be coming from a variety of angles:
1) Reuters reached out and he simply provided a snippet of what is happening;
2) US firms are interested in the product;
3) US firms are interested in using this conversation to leverage negotiations with another party;
4) Whether they are getting little to no traction or some, Huawei may be trying to say "look, we are not nuclear, others are talking to us, you should too' to prop up interest and willingness via journalism.
I find it difficult to agree to this statement from a holistic perspective since there are many unknowns that the average individual has little to no control over. For example, how do you, as an individual, can control the air quality in your vicinity [1]? the water quality [2]? soil? pesticide/procurement/logistics of food? Work environment? Family environment?
What do you do and how do you control the quality of all these things for a long stretch of time (1, 10, 30 years?)? In theory, as you have more income, you may have more control over some of the areas above, but the reality is that some factors are still difficult to control/ balance.
There is still a major part of acute illnesses that are directly associated with choice in the areas of dieting and exercise, so do not take my response as a full counterargument to your opinion.
What op seems to imply is that airplane incidents rates actually have a stronger track record as opposed to the opioid epidemic, road fatality, etc. And that if society believes that this individual/group should go to prison based on this mistake and in hindsight, without account for all the other factors that were a part of the decision making process, then society should start reconsidering the way it treats opioid, road fatality, etc.
The mindset of "quick to imprison" can also run the risk of creating a society that is overly averse to risk taking, which can hinder technology and scientific advances. For example, it may take 10 times as long to get a new, more advanced traffic light implemented in your city because now everyone wants to make sure no stone was left unturned, otherwise someone will get into an accident and a staff/group will be imprisoned. Or a new software is implemented but 3 months later it is found that failure under very specific scenarios has caused over 50 deaths. There are millions of potential scenarios that may fall under similar conditions as exemplified above.
Please note that this writing is not advocating for or against either views, it is simply shedding light on risks that should be considered.
This is already the case with the FDA 1962 "safe effective" regulations. There is little downside to the FDA wanting to take no risks whatsoever in approving a drug, but a huge downside to the regulators if they approve a drug that turns out to have a fault in it.
The result is that developing new drugs got enormously more expensive, far fewer new drugs get developed, long delays in effective treatments getting approved, diseases that don't affect large numbers of people don't get cures developed, etc.
The net result was a negative for patients.
This was all discussed in "Regulation of Pharmaceutical Innovation" by Sam Peltzman.
There have been a lot of deadly aviation crashes due to mistakes, false assumptions, oversights, incompetence, human failings, etc. But somehow we've wound up with incredibly safe airline travel. Millions of flights with no incident. Do we really want to start jailing people now? What improvements will we forsake if we give airframe makers powerful incentives to hide mistakes? or simply avoid making improvements to safety, because who wants to risk jail for making a mistake?
Has anybody argued that nobody else should be punished, ever? Otherwise "but there's drug addiction and car accidents! We shouldn't pass judgement on Boeing until everything else is perfect" is a really strange argument.
The really strange argument is saying it is totally OK for people to willfully engage in activities that result in significant and ongoing fatality rates within the bounds of US law without punishment (slaps on the wrist for everything from willful pollution to opiods where the investigators were waved off) and then demand jail time for folks who have no fatalities within US law AND have an incredible safety record in their field, a record FAR FAR better then lots of other areas (drug distribution, medical malpractice, enviro health and safety etc).
If you wanted to reduce auto accident rates, opiod deaths etc you'd put these folks in charge, not put the law enforcement lobby in charge (yes, they will arrest lots of low level offenders but will not systematically address the issues and do not chase the folks at the top).
I'm making the point that for for US flying (with US levels of maintenance / pilot training etc) boeing and even the 737MAX has a safety record that is incredible.
Not only that, it beats almost all other regulated modes of transit and even other regulated hazards (OSHA controlled worksites etc).
As always, it could be better - but it's actually amazingly good already - these planes are incredible safe in a challenging environment (miles, landing cycles, tolerances etc).
The demand for prison time here, when we have so many many areas where prison time can be MUCH more closely and immediately linked to bad actions (and goes unpunished) is misguided.
If it were safe to fly the Max in the US, and the problem were the pilots, it would be in the air now. It isn't, as the problem is clearly with the plane. It was likely just a matter of time before another Max fell out of the sky somewhere in the US, Europe or elsewhere.
It would be interesting to see whether certain flies evolutionary traits may develop if we start painting cows. It is entirely possible that Zebra stripes serves as a 'radar jammer' to flies and that it could help decrease fly bites, further studies may be of interest in this area.
If evolutionary traits are likely to occurs, it is worth noting that the size of cow (1,400,000,000) [1] and zebra (800,000)[2] population may have an impact on how fast these traits evolve to cope with the new normal.
It is difficult to determine whether he was alone in a 'Wilson' Cast Away sense or if he was alone while watching others do their activities and stealing from them to support his necessities.
These two environmental conditions can have varying impacts on a person's mind.
He stole food and propane tanks from the vacation homes in the area. When he was eventually caught and put in jail for all of the theft people remarked at his strange use of language. They claimed he talked like a book.
In the future, due to advances in radar tech, satellite and others. Skirmishes between highly advanced nations will likely emphasize the use of swarm drones to serve as a battalion and a distraction against the more technically advanced and less defended solutions (e.g. F-35).
Whenever someone looks at the F-35 and others, you should aim to build a holistic picture of what 'X' feature serving sub-optimally could entail, not just "Invisibility cloak has weaknesses under these specific conditions, therefore it is a failure" and whether the group behind optimizing the aircraft is aware of it and accounts for that when upgrading and /or sending it on missions.
Whenever a conversation about executives come up, many tend to jump into the "this is not fair" band wagon. Below is a different take on senior executives that may help shed light on why some things are the way they are.
To become a senior executive, the individual must often pass through many trials and tribulations which entails risk taking. A portion of that comes with taking a leap into different verticals, inheriting and resolving other people's mess, taking a strategic perspective on things, etc. But you must think, "other's also have to go through that" and it is true, but for potential and new executives, it tends to happen more often and at a greater risk to the self and the organization. The risk they take also needs to account for competition, time without family/friends, emphasis in the company not in the self, etc. All of these are risks, and when compounded can increase the compensation value of an executive. If the market functioned differently it is likely that a lot less people would be interested in taking that jump, specially in today's economy, where most computer & IT occupations have a similar median pay than a top executive [1][2] (USA numbers).
As they become the 0.01% of the 0.01% in their area of expertise, they are able to command better compensation for their time. By being part of that equation, you often have to jump into publicly traded companies and become a public figure (internally & externally) which is viewed as a premium in market led opportunities (artists, sports players, etc).
A simpler way to visualize the demand aspect of it is to ask yourself: If you had $1m, would you prefer to put it in the hands of someone with reputation or in the hands of the average Joe passing by? Would you pay $300k to get the best doctor to treat your illness with a 5% higher odds of survival or would you be fine to do it with someone else for $50k?
Of course, there are still questions regarding market distortions, cronyism and many others that should be taken into account and potentially acted upon to create what society perceives to be fair. It is just important to be mindful of the overall picture.
To cover some of the points; the team behind the article had the pleasure of working alongside management and executives from large enterprises and governmental bodies to SMBs. The website serves as a medium to share some of the knowledge that our team has gained throughout our careers (supported by research from what some consider to be leaders in their respective markets) with the aim of helping individuals and organizations bring their very best to wherever place they work at.
I can appreciate the skepticism of some netizens, but I think it is worth noting that many of the tools, solutions and perspectives that are provided and advised in the website are either free to use or considered cream-of-the-crop in the market today. Some of the tools in one of the segments for today’s article are in-development because they are often provided free to use and involve personal development time outside the organization’s average daily schedule.
If you have questions, concerns or need support with anything, please reach out via linkedin.