Showing posts with label risk. Show all posts
Showing posts with label risk. Show all posts

Thursday, August 28, 2014

Leaving New York: True Love


Track Four #TrueLove
He loved Central Park. It gave him a feeling of liberation from confined space; oozing out of the pores of the freest city in the world--of possibilities outside its verdant borders. Staring out at the Park, the reality of his abrupt exit from FormCorp nearly suffocated him this evening on the way to the airport; slowly making his way north on Fifth Avenue, a sad soundtrack playing in the dark limousine.

The four years spent in Manhattan exceeded every dream he’d had of life in the City that Never Sleeps. It breathed life into him every morning as he walked the concrete canyons to work, even trudging through grey, slushy snow. As CEO of a wholly-owned subsidiary, he spent four years immersed in FormCorp and the culture of the financial district. Large corporations have diverse networks and traditions so ingrained they live like old families, oblivious to their dysfunction and set in their ways. With many of his ideas ignored or marginalized by the parent company and on the verge of a leadership shift; he’d decided to leave without much fanfare. It was time to go, but the city's twinkle faded before his eyes, refracted by tears. The city was moving on without him.
As an outsider from New York, coming into lead a major division was a difficult challenge; the ethos of this culture was an elitist brand of excellence, and every team was a team of type-A leaders. As hard as it was to gain the high ground in his group within the larger corporation, the years had flown by in “New York time,” making this evening’s final ride even more shocking. This was it. He was leaving her. The end of a short, torrid love affair, doomed from the beginning. How appropriate that the driver, Mike; like a friend by now, slipped Coldplay’s latest reflective album "Ghost Stories" into the stereo system; a musical representation of his crushed, defeated torpor. He lifelessly leaned against the door staring out at the city bustling by, seemingly like a lover fading down and away on a busy street, lost in the crowds.

He would miss the wild changes in seasons, fashionistas, the art, and the word-on-the street. Dining in Manhattan always presented challenges, but he enjoyed the “hunt” of finding just the right place to eat. Often you didn’t brag about some local discovery because you wanted to keep it to yourself, keep it from being overrun. Here, everything moved with such a velocity; from public opinion, to speeding cabs, the rise and fall of the markets, even the lithe Central Park “joggers” had a running pace he always envied. This was the City of the World; nothing like it.
["Most other American municipalities are segregated by class and culture, education and personal choice. But in New York everybody is jumbled up together and bounced around until you have African princes walking side by side with Appalachian Daughters of the American Revolution, and aspiring starlets making room for hopeful housewives past their prime. Even with real estate costs climbing above the reach of almost everyone, you can still find all the elements of humanity riding #1 train down under the West Side of Manhattan."
--Walter Mosley (The Long Fall 2009)]
His company spent a lot of time helping its leaders learn what to do, say, how write email, or drive production and profits; however, not enough time was spent helping those same leaders learn what to stop doing. His early mistake was not in governance of his team, but failing to ask the right questions about the company which owned FormCorp. Before he even took the job in New York, he could have delved deeply into its leadership structure and how its centralized nature diluted the power of the divisional CEOs. Like why did the Executive VP working closely with the President & Chairman have the right meddle in his operation? She wasn’t above him on the org chart, but he couldn’t get her out of his business: "that's just not how we do it at FormCorp," was the mantra; but he believed that without freedom and creativity, collaboration looks like conformity.

His ability to change or even accommodate the executive leadership team of FormCorp’s parent company was slight in the first year of his tenure; and yet business practices they couldn’t stop doing would be the harbinger of his end, even though three years later. This may seem as minutiae out of a MBA class; but power struggles are as old as time; and it came down to that.
Taking a risky leap exposes one to all sorts of danger and timing is everything.

He’d heard those bromides forever, but their truth hung on every word of the songs Chris Martin sang this lonely evening. His family had moved back to California already, giving him time to close up his tenure at FormCorp and exit the city. All the “what-ifs” had been tumbling around in his mind for weeks, as the end approached; he’d even considered taking some time off to consider resurgence--staying in the position but taking a different approach. Ultimately, it was the permanent finality of this trip out of town making him feel so broken, ancient, and sad--and gone.

 “It is often said that New York is a city for only the very rich and the very poor. It is less often said that New York is also, at least for those of us who came there from somewhere else, a city for only the very young.” ― Joan Didion, from Slouching Towards Bethlehem  

Stuck in traffic on Fifth Avenue, listening to Coldplay’s transparent, very personal CD, “Ghost Stories,” he recognized that his sorrow was different than Chris Martin; but they both carried bruised and tattered hearts. The melancholy of the fourth song, True Love played as a soundtrack to his grieving; lament reflecting back off the tall glass towers peering over the Park. Going to the airport on his last trip out of town lifted the burden of his corporate battle against dysfunction; even though physically, he slumped down, hidden in the dark leather seat like it was a cave. His sentiment was mournful, even weeping, like Jonny Buckland's ethereal guitar solo toward the end of the track. She couldn't look him in the eye as she left, that was the worst of it.


Darkness engulfed like none before. A long, successful run in this business made him to this point unaware of the pain of rejection or the agony of defeat. He saw his underlings and some friends endure disaster before, and subconsciously, he probably knew that renewed growth would come out of this day; yet on this drive none of that coalesced in his mind. For a while he was in control, but he lost it. He sobbed. Unbelieving, agonizing with regret. The song was about a pain too great to face:

"Tell me you love me, New York; if you don't, then lie. It can’t be over. Lie to me."

(end)

#Fiction ©Mark H. Pillsbury (2014)
©Coldplay 6th album "Ghost Stories" rel. by Atlantic Records in N Am. on 05/19/2014

Friday, February 22, 2013

Beginning with the letter-A: Arbitrage


Another in a series beginning with the Letter-A:
Arbitrage

It’s better to understand arbitrage in the light of the circumstances that generate it, than to consider its success in the light of the disadvantaged.

“Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge, has marked the upward surge of mankind and greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A.” (quote by Gordon Gekko, from Wall Street, a Sony Pictures movie ©2001). Replace “greed” in Mr. Gekko’s speech with the word arbitrage.

Arbitrage: the root of a French word for referee or umpire, seemingly natural but at the same time unfair: jungle rules of market economics are realistic but not pretty. A mismarked item in a retail store rarely comes to the attention of the manager; on the contrary, a typical consumer buys as many mismarked widgets as they can afford.

Used as a verb, arbitrage means to make a strategic play, taking advantage of a situation for a quick gain: if we arbitrage futures on crude oil prices, based on our proprietary research, the profits can be huge!

Arbitrageurs gain an advantage because of sudden price differences between markets, statistically seizing the vyigrysh or “winnings” in Hebrew; however in another way, arbitrage means taking the lead, in a mismatch of circumstances and at a disproportionate risk ratio, compared to another. Gordon Gekko rose to Wall Street prominence by legally flipping real estate: buying distressed assets and quickly making them ready to market. But in a larger sense, Gekko’s evolutionary spirit expressed in arbitrage can be analyzed in light of the idea expressed by Jewish philosopher Leo Strauss, “it is better to understand the low in the light of the high, than the high in the light of the low.”

While price gouging after a hurricane is illegal, and illegal interest is called usury; in some cases, arbitrage means getting on top of the opponent when the opportunity arises. As an example, arbitrage could be perceiving a tendency of a quarterback on third down and returning an interception for a touchdown. It’s the right thing to do; arbitrage works within the rule of law.
In non-economic terms:

The emotional needs of young, gifted kids are as unique as emotionally challenged kids, but the funding does not reflect it. It is reverse-arbitrage. Does no child left behind require that no child can get ahead?

I realize educators are presented with a wide range of children labeled as gifted: from quiet and emotionally sensitive to chatty and rambunctious; and these students can be very challenging to engage in the teaching routines of a normal school day. However, a 2008 Fordham Institute report found that, while low-achieving students have made gains, and are tracked and funded assiduously; advanced-learners (making up 6% of students) are "languishing," and that teachers must spend the majority of their time with struggling students even though they know that others in the classroom need attention as well. This anti-arbitrage educative scenario is risky for our future.

Is the US willing to lose innovative leaders and develop fewer breakthroughs because of the untapped potential of its gifted & talented young people?

During the Sputnik crisis of 1958, education programs were initiated to foster a new generation of engineers; the country appreciated the need for gifted students to be funded, supported, nurtured, and developed, so that for strategic reasons America was competitive in the space exploration race. We don’t see a shiny-orbed satellite racing across the night sky to remind us that we are falling behind. The reminders trudge off to elementary and middle schools every academic cycle, not reaching their GT potential for lack of attention, and funding; the opportunity to take the lead in the world, passes us daily.

©Mark H. Pillsbury

Monday, March 12, 2012

Scuba diving Part 1: Dive Like You Train, Train Like You Dive

Unencumbered, young, daring, athletic, honeymooning, just plain stupid. What adjective do you use to describe a SCUBA diver? [SCUBA is the acronym for Self-contained, underwater, breathing, adventurer!]

90% of earth’s surface is covered with water, but humans were not designed to be aquatic.  Without packaged air living underwater is impossible for over a couple of minutes. Conversely, fish do not live well on dry land. Is this too complicated?

Diver certification is like learning to be an astronaut; strangely, what becomes second-nature your body, it is not designed to do. Wearing layers of protective equipment, strapping on a weight belt so you will actually sink, and continuously breathing underwater is a very presumptuous act, but it is as freeing an experience one can feel, an audacious activity completely legal.

Training begins in learning the basic standards of the atmosphere underwater and the proper use of all the equipment. After that, teamwork in a pool separates the swimming-Sams from the panicky-Pauls. Surprises and accidents that happen 100 feet below the surface turn into risky, often dangerous circumstances that must be identified, simulated, and practiced. “Best-practices” replaces thrill-seeking, and timid careful routines are learned and repeated so they become rote.

Exploratory diving’s purpose is to get safely to depth and let the ocean wonders float by, then safely ascending so that the diver lives to tell of the exciting sights he/she witnessed. There are no surprises in the procedures, only in the viewing. SCUBA diving is touring God’s oceans as a visitor, or alien; always looking at the clock to see when you have over-stayed your welcome in the fish’s living room.

Life at these depths requires balance. Buoyancy’s balance is achieved slowly and with proper weighting. Once the diver is comfortably gliding through the water breathing calmly; the weightless flight often transports the inner-consciousness to another universe. The unearthly quiet of a deep dive, peering into the abyss is transformative, but it is not without cost.

Early training must instill this search for inner calm and the quiet peace of marine exploration. Anything that encumbers that mission must be rooted out and conquered or the certification delayed. Diving is a grown-up sport one cannot undertake half-heartedly, or casually. Achieving other-worldly joys, floating through the ocean forests, a qualified diver must be disciplined, teachable, and resilient.

Panic kills. Panic is the enemy. It can cause the delay and mayhem that lead to bold mistakes. Panic takes away the enjoyment of the adventure, replacing it with fear, dread, fatigue, and stress. Obeying the standards of certified diving is like an insurance policy against panic. Dive trainers experiment with everything they know in practice to fluster, frighten, and rattle the diver so that in real time under salt water, an unexpected glitch doesn’t cause the diver to freak out. Pre-planning and training for each dive destination is essential; the buddy-system seeks survival because if one diver goes to pieces, the buddy calms her down and assists in recovery of whatever control was lost (like oxygen).

Fortunate to have the wise old divemaster Bill "Sandy" Hardy train me in 1998, I learned the basics for weeks in a pool before I was allowed to do a check-out dive and apply for SSI® certification. That September, he threw us into the harshest of environments on a cold spring day in dark Lake Whitney, Texas, with no underwater visibility. The conditions starkly contrasted the warm water Caribbean diving which dominates the rest of my log book. I am going to dig that thing out and swim through my underwater experiences over the next few installments, without having to travel anywhere, or make a safety stop. Let’s go diving! (Part I)