*Establishing Guidelines for Corporate Blogging in Asia: Despite the growing risk, few Asian companies have established policies that formally address employee blogging.
Multinationals like Sun Microsystems and Microsoft are setting examples for regional companies. At Sun, where 1,300 employees post on blogs, guidelines prohibit disclosure of non-
public technical or financial information, and they warn that posting the wrong thing on a blog could result in termination. Recognizing the issue, Malaysia's Information Ministry
attempts to classify bloggers as professional or non-professional, professional bloggers being defined as "more responsible." The classification is supposed to facilitate legal
action that could be taken against bloggers.
Source: BusinessWeek.com
*Buffet Learns from his Mistakes: Warren Buffet, chairman and CEO of Berkshire Hathaway, has seen the value of its stock increase 361,156% from 1964 to 2006. Despite his
success, however, Buffet's record is far from perfect. His secret lies in his ability to accept his mistakes and learn from them. According to Buffet, a willingness to look stupid
is a key to investing. For example, Berkshire floundered in 1999 when Buffet ignored the opportunity to invest in the tech market, which he claims not to understand. However, the
decision paid off when the bubble burst soon after.
Source: BusinessWeek.com
*We've Got Your Back: The following list details the corporate entities backing individual candidates in the upcoming Presidential Elections. Will their decisions lead to
necessary crisis management on the part of the PR teams? Stay tuned.
Hillary Rodham Clinton:
John Mack - CEO, Morgan Stanley
Sheryl Sandberg - VP, global online sales, Google
Steve Rattner - Managing principal, Quadrangle Group
Steven Spielberg - Co-founder, DreamWorks
Haim Saban - CEO, Saban Capital Group
James D. Robinson III - General partner, RRE Ventures
Rudolph Giuliani:
Carl Icahn - Billionaire investor
T. Boone Pickens - Founder, BP Capital hedge fund
Paul Singer - Founder, Elliott Assoc. hedge fund
Bill Simon - Venture capitalist
James Turley - CEO, Ernst & Young
Randy Levine - President, New York Yankees
Barack Obama:
Oprah Winfrey - Founder, Harpo Productions
Penny Pritzker - Chairman, Classic Residence by Hyatt
David Geffen - Co-founder, DreamWorks
Jeffrey Katzenberg - Co-founder, DreamWorks
James S. Crown - President, Henry Crown & Co.
Orin Kramer - General partner, Boston Provident
John Edwards:
James Sinegal - Co-founder and CEO, Costco stores
Wesley Edens - CEO, Fortress Investment Group
Leo Hindery - Chairman, InterMed Advisors
Howard Schultz - Chairman, Starbucks
Andy Rappaport - Venture capitalist, August Capital
Jason Flom - CEO, Capitol Music Group
John McCain:
Fred Smith - Founder and CEO, FedEx
James B. Lee - Jr. Chairman, J.P. Morgan Chase
David Pottruck - CEO, Red Eagle Ventures
James Chambers - CEO, Cisco Systems
John Thain - CEO, NYSE Euronext
Harry Sloan - CEO, MGM
Source: Fortune Magazine
*5 Business Tips from Staples' Founder Thomas Stemberg:
1. Keep your business plan flexible: Staples never intended to deliver supplies but started to keep up with competitors; it drew in more customers by doing so.
2. Treat your employees well: "If you treat these people right, they will eat nails for you," says Stemberg.
3. Use the right people at the right time: Staples had four CFOs in 20 years, and each was the best for the job at that particular stage, according to Stemberg.
4. Choose the right market: Stemberg advises businesses to ask themselves if there are enough people who need the product they're selling.
5. Get an outside perspective: "When you're running a company, you live so much inside its problems that sometimes you can't see them clearly," says Stemberg. Source:
Inc.com