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Wednesday, August 20, 2008

08/20/08 Overnight Greenwich News Reports From Around The World


School bus driver Jamille Aine
is photographed on July 17, 2008 in Greenwich, Conn
.
Aine's employer doesn't offer paid sick days, so if he can't shake the bug, he may not be able to pay his bills. Some 46 million U.S. workers lack paid sick days and lawmakers in 12 states _ including California, Connecticut, Minnesota and West Virginia _ have proposed legislation in the past year that would require businesses to provide them.

States push laws to require paid sick days

Charlotte.com

By STEPHEN SINGER
AP Business Writer

HARTFORD, Conn. For school bus driver Jamille Aine, a cold is more than an inconvenience. His employer does not offer paid sick days, so if he can't shake the bug, he may not be able to pay his bills.

Some 46 million U.S. workers lack paid sick days, but lawmakers in 12 states - including California, Connecticut, Minnesota and West Virginia - have proposed legislation in the past year that would require businesses to provide them....

...Proposed federal legislation would provide workers with seven days of paid sick leave a year for employees who work 30 or more hours a week. The benefit would be prorated for part-time workers.

Sen. Barack Obama, the presumptive Democratic presidential nominee, supports the legislation.

Sen. John McCain, the presumptive Republican nominee, opposes employer mandates, particularly when the economy is slowing, his campaign said. It did not address the pending federal legislation.

2008 Global Alpha Forum Will Bring Together Institutional Investors...

PRESS RELEASE

The Greenwich Hyatt will be the scene of the 2008 Global Alpha Forum--arguably the most important hedge fund event of 2008 for both fund managers operating in Connecticut and investors wishing to get to know those managers while also gaining insights as to economic and geopolitical developments likely to most impact alternative investors in the coming year.

Greenwich, CT, August 20, 2008 ---- The Forum will be held on September 16 and 17, 2008, and will be followed on September 18 by the Green Hedge Trail, a unique opportunity for institutional investors to visit the offices of some of the truly world-class funds operating in the Greenwich area, to both meet the funds’ managers and to have some of their questions answered concerning strategies of the various funds included in the Trail.

The Forum is jointly sponsored by the Connecticut Hedge Fund Association, the association of hedge fund professionals representing over 150 member firms based in the “hedge fund capital of the world” of Fairfield County, Connecticut, and Opalesque, the world’s largest subscription-based publisher covering the alternative investment industry.

Program Overview:

Rudolph W. Giuliani, Partner, Bracewell & Giuliani, will kick off the Forum at 9 am on Tuesday, September 16th. His address will be followed by panels discussing first Green Trading and Carbon Finance and then the 10 Days that Changed Capitalism.

Lawrence H. Summers, Managing Director, D.E. Shaw and former U.S. Secretary of the Treasury, will be interviewed as part of the luncheon on Day One. After lunch, a panel discussion will explore the Rise of the Sovereign Wealth Funds.....

Kids' author learns about going green

Connecticut Post

JENNIFER DUVAL

... book "William is Going Green," made a rather large environmental boo-boo by cutting down trees at the site of his Greenwich home, he said he has repented, and then some. Martin and his wife, Michelle, as well as their three children - 5-year-old ...


Nine-year-old wins 12-under tennis tournament

Dothan Eagle

By Micah Lewter

It was no surprise that Anastasia Nefedova left Dothan as the winner of the Southern Open 12-under championships. After all, the Palm Harbor, Fla., native was the top seed.

But, she was only nine years old and easily handled several older opponents, most three years older, until running into trouble with third-seeded Katherine Butler of Charlotte, N.C. Butler won the first set in a tiebreaker, but Nefedova won 6-2 and 6-3 to close out the match at Westgate Tennis Center.

“I fight,” Nefedova said. “I pulled myself together and started winning.”.....

... 20 after this win. Mautner wins boys title: Kyle Mautner will take the boys championship on the long road back to Greenwich, Conn. The left-hander came into the tournament unseeded, but knocked off fourth-seeded Andy Martinez of Atlanta 6-3, 6-2 ...

On The Job: Managing through tough times can be trying

Courier News

With the grim news about unemployment levels being at a four-year high and more industries facing layoffs because of tough economic times, managers clearly have their work cut out for them when it comes to keeping their workers engaged and enthusiastic.....

... clues that layoffs may be coming," says Michael Stallard, a management guru. As CEO of E Pluribus Partners in Greenwich, Conn., Stallard often advises companies on how to spur employees into being more creative and passionate team members. He says ...

..."The first time I had to lay someone off it made me physically sick," Stallard says. "You have an obligation to be respectful, and show empathy. That's critical. You also need to try and help them as much as you can in finding another job."

Stallard says he strongly disagrees with employees being immediately escorted from a building upon dismissal from a job, which he calls "humiliating."

"You should let them finish their day and communicate with the other employees," he says. "One other thing to think about: The existing employees will remember how you treated those who left."

Finally, Stallard says the key for managers trying to cope with these challenging times is to practice a management philosophy that treats people with respect and compassion through good times and bad.

"A lot of what goes into keeping people engaged through the tough times is the history of how you have managed," he says. "It's almost like you're building up an emotional bank account."

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1 comment:

Anonymous said...

I could not agree more with Michael Stallard when he says "..the key for managers trying to cope with these challenging times is to practice a management philosophy that treats people with respect and compassion through good times and bad."

The problem for most managers is that they use the traditional top-down command and control approach to managing people. This approach naturally demotivates and demoralizes employees thus treating them with great disrespect.

Most managers do not even realize this. It wasn't until I had changed toward the opposite approach that my people would actually share with me how bad top-down actually is.

In 30+ years of managing people, I found that the opposite approach unleashed a huge amount of creativity, innovation, productivity, motivation and commitment. My employees literally loved to come to work and productivity per person rose over 300% from when I took over.

To better understand how this happens, please read the article "Leadership, Good or Bad"

Best regards, Ben
Author "Leading People to be Highly Motivated and Committed"

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