The Carolina/Buffalo Eastern Conference Finals is shaping up to be a FANTASTIC series. Chippy, little snarly, north and south action, fast paced, all the best things you could hope for in a hockey game. Tied 1-1, but I'm hoping my 'Canes will put it out - I thought 6 games, Barry Melrose thinks 7. Time will tell, but this series will really capture the attention of hockey fans.
Fannie Mae got caught with their hand in the cookie jar. Now, I am only a mid-level manager, but this illustrates the inherent problem with MBO, which for you indians means "management by objective". This means that certains goals and objectives are set forth, and if they are met, then the chiefs get their bonuses. The PROBLEM is that people become politically manipulative, and will manage to nothing besides their bonuses in order to collect mucho dinero. From MSN.com "Senior executives at Fannie Mae manipulated accounting to collect millions in "maximum, undeserved bonuses" and deceive investors, a federal report charged Tuesday.". See, here's what I run into in IT - executives are incented to make project/code/release deliverable dates, and manage their lives and operations to meet those dates and threshholds in order to collect their massive bonuses. Consequently, they reduce scope to make a release (thereby stiffing the customer of requested functionality), or my favorite, put it in with issues anyway ("you can't put it in dirty, but you CAN'T MISS THE DATE!"). This is among my biggest corporate pet peeves, and is one of the top five factors in producing a distince lack of quality in business today. Aside from things like stupidity in management, stupidity in executive management, stupidity in leadership, and a complete lack of people skills and professional abilities.
Boston is kicking the ass off New York, again...in May. :)
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