One of the hot topics among corporate directors and their constituents is executive pay. It’s been a hot topic for years and years. For some reason, each time it comes up in the public’s awareness, people react to it like it’s the first time. If that weren’t puzzling enough, so is the fact that what would appear to be a simple issue becomes a centerpiece for complex research and expensive consulting.
The old saying is that knowledge is power. And it is, of course. Sharing it is also power, but only for those people who know how to create value rather than just have the private knowledge of it. For those people whose skill is not in value creation, but in value trading, differential knowledge is a source of profit.
Entrepreneurialism, to me, is the miracle of creating value out of nothing, a business from a blank sheet of paper, a product from a daydream, careers out of thin air. It’s creativity, combined with courage and a vision. It has a short memory for pain, and a long one for the thrill of seeing ideas become reality. And entrepreneurialism isn’t always where you expect to find it.
Okay, so I haven’t read the full agreement, but I’m having a hard time seeing what we lose by ratifying the treaty negotiated with Iran. We get information, reductions in enrichment capacity and open examination of formerly hidden facilities. We get a commitment which can be verified, that Iran will not pursue a nuclear weapon during the term of the contract. But most importantly, Iran re-enters the global marketplace, which will cause trade in both directions to dramatically increase.
