The Week in Review: How Sandy Changed Everything, The Eye-Opening MBA Pay, Plus More
When Superstorm Sandy made landfall Monday, it devastated a region and quickly changed the lives of millions. Yet its effects extend far beyond the East Coast.
This week, LinkedIn’s influencers analyzed how the catastrophic storm changed the nation. Arianna Huffington focused on politics, describing Sandy's impact on both the narrative of the election – “what had been a Category 5 story was suddenly a mere Topical Disturbance” – and on the campaigns themselves.
Newark mayor Cory Booker, who let Sandy victims crash at his house, called attention to the region’s resiliency. He shared the story of one local non-profit that is draining its budget, and opening emergency shelters, to house more than 1,000 homeless youth affected by the storm.
Restaurant consultant and author Clark Wolf examined food, and how our tastes tend to change after each disaster. Following the stock market crash of 1987, he said, people longed for comfort foods: roast chicken and mashed potatoes. In the wake of Sept. 11 and the dot-com bust, consumers gravitated towards sushi, something that would make them strong – “lean and mean.” Sandy’s defining meal? It's too early to tell, but it could very well be ice cream, a treat that had to be eaten quickly after residents lost power and needed to clear their freezers.
Beyond food, the storm raised other questions. The two-day closure of the New York Stock Exchange – the longest weather-related shutdown since 1888 – led Dan Sanker to ask: Is Wall Street prepared to operate in a cloud-based world? Consumers, meanwhile, wondered: How can you tell whether a hurricane photo is real or fake? The Atlantic’s Alexis Madrigal weighed in with an authoritative guide.
And as officials worked on cleanup plans, Sallie Krawcheck offered some leadership tips. Drawing on lessons learned during the financial crisis, Krawcheck outlined nine points every manager must know when leading during turmoil. No. 1: “Be heroically available.”
Finally, to put the storm in perspective, executive editor Dan Roth took readers to hard-hit Hoboken, N.J., where LinkedIn’s Joe Fernandez shared his account of evacuating his apartment – and being told he was standing in raw sewage.
Take a look at those posts, and six others that are worth reading:
John A. Byrne: What MBA Grads Made This Year Memo to anyone looking for a raise: Get an MBA. Byrne explains why the degree, despite its widespread availability, remains one of the best ways for professionals to boost their income. Some examples: The median pay for MBA grads at Harvard and Stanford is now $125,000, without taking into account signing bonuses or other compensation. Even a degree from a lower-tier school can result in a sizable raise, Byrne says.
Lucy Marcus: Square Peg, Round Hole: A Look at Corporate Reshuffles Apple made big news this week after it fired the head of its retail operations and mobile division. So how do such decisions get made? Marcus provides background on the right way to do a corporate shake-up, and explains why Apple’s move makes sense.
Steve Rubel: Every Company Can be a Media Company It’s the problem of the digital age: too much content, and too little time to consume it. Rubel sits down with the founder of Laughing Squid and points out how companies can make money -- and save people time -- by wading into the world of curation.
Aaron Levie: Uncompromising Promises Every company vows to provide unparalleled service. But how many actually follow through? Levie, the CEO of Box, compares two airlines – United and Virgin America. Both make similar pledges to customers, but have vastly different reputations. The lesson: All companies, whether startups or established players, need to be able to define the exact experience customers will receive. Call it the “uncompromising promise."
Nancy Kruse: Understanding Y: Part II Is the Coolhaus ice-cream chain, popular along the coasts, becoming Millennials' answer to Ben & Jerry's? Kruse reveals how contemporary architecture, a connection to Coachella, and wild flavors like Peking Duck and Fried Chicken and Waffles have made this company a surprise hit.
Hunter Walk: The DNA of Product Management At big tech companies, product managers play the ultimate hybrid role. They’re CEOs, technical wizards, and train conductors all in one. So what’s the secret to being an effective manager? Walk, Google’s director of product management, explains why collaboration – not consensus – is key, and why being overwhelmed isn’t necessarily a bad thing.
Photo credits: Tim Larsen/New Jersey Governor's Office (top); Joe Fernandez/LinkedIn (center).
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12 年Democrats: Ita??s not the medium, ita??s the message Republicans: Forget changing what you say, change how you listen Here it is, the morning after an epochal election -- at least it was epochal from a media perspective -- and the future looks much the same as the recent past. If you believe the story that Mitt Romney hadna??t even drafted a concession speech, then the Republican party must be a little shocked. The throughline in most post-election punditry will be that Obamaa??s team won on the strength of their data- and social media-driven a??ground gamea??. It would take a time consuming analysis of election results to determine just how much credit should go there. The more-of-the-same outcome calls into question all the pre-election fretting over the a??super PACsa??, and the billions of dollars they pumped into political advertising. Of course, one way to look at that is to conclude that the two sides spent massively to cancel each other out, and that if either side had failed to put out thousands of gratingly negative ads, their party would have been obliterated. Another way to look at it is, gee, that advertising didna??t seem to work. One wonders how billionaires like Sheldon Adelson, the Koch brothers, and George Soros will feel about it next election cycle. Call me old school, but Ia??m less interested in how each side got its message out, and more interested in what the message was. In the current political climate, the next Presidential campaign has already begun. (Just ask Chris Christie.) What we know for sure is, that one will not be contested by either Barack Obama or Mitt Romney. For the Democratic Party: a??Pray for a hurricanea?? is not a strategy. Beginning now, ita??s time reverse a decades long trend in which the Democrats have ceded the language of national conversation. It was crazy to let a??liberala?? become a political insult. Democrats cana??t stop the rightward shift in American political life if they dare not use any of the language that describes the ideas of the left. Obama has said hea??ll protect the middle class from any tax increases, but people who are wealthy should pay a little more. That sounds fair, but the Democratic Party has let the Republicans define a??middle classa?? in a way that is statistically laughable. Less than 5% of American households earn $250,000 or more. By making the middle class sacrosanct, then defining it so broadly, Obamaa??s already doomed tax reform. The Democrats also allowed their rivals to conflate taxation with the ideas of a??income redistributiona?? and then a??class warfarea??. I could go on; by pandering to voters Southeastern Ohio with his support for a??clean coala?? -- an oxymoron if ever there was one -- Obama demoralized the pro-environment voters who heard nothing from either candidate except childish, tit-for-tat equivocation about whoa??d drill more wells if elected. It took New York Citya??s idiosyncratic mayor, Michael Bloomberg, to put climate change back in the national conversation, in Sandya??s wake. Ita??s unlikely that Obama will find the next Republican-dominated Congress any less obstructionist than the last one. That means that he almost certainly will not advance a popular Democratic agenda that his partya??s next candidate can inherit. But since Obama himself is not going to stand again, he can use his bully pulpit to redefine the language of the next campaign. The Republican Party has its own communications strategy issues to address. The GOP cannot, in the short term, rein in its Tea Party wing, but it has to tone down that radical message. Mitt Romney never recovered from a Republican primary season in which the party allowed nut jobs like Donald Trump and Newt Gingrich to set the agenda. While people like me are usually charged with shaping our clientsa?? outgoing message, communications works both ways. Some individual Republicans blew themselves up with message fiascos -- think of Missouria??s Todd Akin and his a??legitimate rapea?? comment. But most of the GOPa??s problems can be blamed less on what it says and more on who it listens to. The party has been far too willing to let right-wing fringe media set the tone for the Republican conversation. Thata??s especially risky because voices like Rush Limbaugh and Glenn Beck are competing amongst themselves for audience share. Sure, they fire up the Republican base. But as they get more and more strident, they alarm and motivate the Democratic base, too. I dona??t think that it was false bravado; Romney campaign insiders really did anticipate a landslide victory. That proves that the echo-chamber effect of polarized media has a corollary inside campaigns, where strategists only listen to their own pollsters. Last but by no means least, the Republicans need to listen to the American electorate. Ita??s true that U.S. voters just returned a government that is functionally identical to the one theya??ve had since the Tea Party-dominated 2010 mid-term election. But woe to Republicans -- especially in the House of Representatives -- if they assume that means the American public wants more of the same.
Digital & Tech Strategy Director at Abedal Group | Digital Marketing Director | Head of E-commerce
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