Corresponding with Cornelius – My Comments Elsewhere

Here are some of my recent comments on some other blogs or other websites that allow comments. Part of web 2.0 and social media is the ability for readers to engage writers and other readers of their stories.

I am happy to have you leave comments here at Compliance Building. But if not here, take a look at what other people are saying. Join me in the conversations over there.

The Great Man Theory and Executive Compensation by Mike O’Sullivan on ; Provided, however

Mike wonders if we are overpaying CEOs for success that is not attributed to them. (And blaming them for failures that are not their own.) I point out that it is the nature of leadership. I also point out that we should think about tying compensation to beating peers instead of absolute value.

A “Refreshing” Approach to Alternative Fees by Toby Brown on 3 Geeks and a Law Blog

Toby picks up on my story about Coca-Cola’s alternative billing for marketing. I point out that there is a value in controlling costs and that hourly billing is a cap on profitability.

R.I.P. Bank United by Michelle Leder of

Michelle notes her prior discovery of the huge percentage of stated income and no doc loans underwritten by the bank. I point out that this kind of poor underwriting is a sign of bank death.

Ethics in CEO Compensation by Chris MacDonald of the Business Ethics Blog

I like to call it the Lake Wobegon Effect where everyone is above average.