The Thread

deneb

Well-Known Member
#11
Dummy Candidate: Renee Slater Arrested After Entering Mannequin Helena Torry In Election
Local government has long been the place where ambitious politicians seek to get themselves in the shop window, so to speak, but there are limits it seems.

Helena Torry’s face remained expressionless as election officials disqualified her from standing in the upcoming council elections in the Hazlehead, Ashley and Queens Cross ward in Aberdeen.

Her crime? Being a mannequin.

The mannequin’s election agent, 63-year-old Renee Slater has been charged by Grampian Police under the Section 65 part 2A of 1983 Representation of the People Act, concerned with forging ballot papers, and is scheduled to appear in court in the near future.

“It has been brought to my attention that Helena Torry, for whom a nomination paper was submitted for the Hazlehead, Ashley and Queens Cross ward, does not exist,” said the red faced returning officer, Valerie Watts. “I am, therefore, republishing the Notice of Poll for that ward, deleting the reference to the fake candidate.”

“This is a very serious and unusual step to take but is necessary to ensure that the interests of the genuine candidates and voters are protected, and that the election can take place on May 3.

”The nomination paper for Helena Torry was submitted shortly before the close of nominations on March 3 and contained all the information required by statute for a valid nomination.

“In this case, it is clear from public statements from the purported election agent that the information on the form was inaccurate to the point of rendering the nomination a complete nullity, which can be disregarded for the purposes of the election.” She said that “those concerned” would be required to cover the costs involved in the matter.

Ms Slater was released from police custody on Thursday, but the mannequin has not been so fortunate. She remains in the possession of the Grampian Police.

It is three weeks since Ms Slater first foisted the brunette bespectacled dummy into the electoral foray, when she told the Aberdeen Evening Express: “Helena’s aims and objectives are equality for human beings, ensuring there is a fair deal for everyone and giving a voice to the silent majority.”

Lofty aims no question, though her immediate interests are more specific. She first appeared at a Friends of Union Terrace Garden campaign event, of which her agent is a vocal supporter, campaigning against proposed developments to gardens in Aberdeen City Centre.

We shall never know now what Ms Torry might have achieved in public life, but the initials signs were promising. “I serve as a blank screen on which people of vastly different political stripes project their own views,” wrote a relatively unknown senator from Illinois seven years ago. He might just win a second term in the White House at the end of the year.
http://www.independent.co.uk/news/uk/crime/woman-arrested-after-entering-mannequin-into-council-elections-7665476.html

In India I think you would be okay if you try this. But if you try to stand in the election, you will most probably be arrested for pretending to be a dummy. :)
 

deneb

Well-Known Member
#12
HUL weaves sustainability into its business plans
From sustainably grown tomatoes in its ketchups to developing the technology for converting used shampoo sachets into fuel, consumer products giant Hindustan Unilever Ltd (HUL) said on Tuesday that its ambitious ‘Sustainable Living' programme was ahead of target in most areas.

Releasing a status report on the plan, which aims at incorporating the concept of sustainability into its core business plans, the HUL Managing Director and CEO, Mr Nitin Paranjpe, said there was now clear evidence that the plan was not only improving the company's environmental and social footprints, but was also boosting toplines and bottomlines.

Tuesday's release in the capital was part of a global release of similar reports by HUL's parent Unilever worldwide. Announced in November 2010 as a global initiative by Unilever, the plan set 60 specific targets

To be achieved over a 10-year time frame, aimed at halving its environmental footprint and sourcing 100 per cent of its agricultural raw material from sustainable sources.

In India, HUL said that as much as 60 per cent of the tomatoes it sources for its Kissan ketchup is from sustainable farms. And 16 per cent of the tea it sells in India under the Brooke Bond and Lipton labels are now sourced from certified sustainable plantations.
Safe water campaign

Two other key initiatives, launched in India by then HUL CEO and current Unilever COO Mr Harish Manwani, have been rolled out into other markets worldwide. One is to provide safe drinking water through a low-cost, non-electric storage water filter. The other was the hand-washing (with soap) campaign aimed at children, which the company said had helped reduce diarrhoeal diseases by 20 per cent and improved school attendance by 40 per cent among a sample group studied in Mumbai in 2008.

Both are now being rolled out in other emerging markets. HUL's Pureit filters are now being sold in many developing markets worldwide, and the company said that as many as 35 million people have gained access to safe drinking water through Pureit, since its launch in 2005.
Palm oil sourcing

But the company said the biggest strides were made in the sustainable sourcing of palm oil, a key ingredient in as much as 60 per cent of Unilever's worldwide output by volume. Rampant destruction of rainforest to clear land for palm oil cultivation has been cited as the major reason for environmental degradation in the rainforest ecology of South East Asia.

Unilever said that its palm oil target has been reached three years ahead of schedule, with 800,000 tonnes of the 1.3 million tonnes the company consumes annually being certified as sustainable.

The balance, which is in the form of palm oil derivatives, is less easily certifiable. Unilever has announced a $100-million investment in Indonesia to set up a palm oil processing plant in Sumatra.
Consumer habits

But Mr Paranjpe admitted that progress on sustainability was slower in some areas, especially those relating to changing consumer habits — like using less water while bathing or washing clothes — was slower. He sought the cooperation of other stakeholders, including governments, NGOs and consumer forums, to work towards a common sustainability goal.

Earlier, formally releasing the report in India, the Union Corporate Affairs Minister, Mr M. Veerappa Moily, said that corporate social responsibility and corporate governance were being embedded in the new Companies Bill under preparation.
 

deneb

Well-Known Member
#13
P&G's likely toothpaste foray creates ripples
Colgate, which has dominated the Indian toothpaste market for many years, continues to grow well ahead of market. In the medium term, it might however face new competition from Procter & Gamble (P&G) that is likely to enter the toothpaste category in India (speculated for many years now) via its Oral-B (most likely) or Crest brands. P&G has done well in toothbrush segment and looks well placed to enter toothpaste as well. Colgate too seems to have increased its aggression by roping in a slew of brand ambassadors like Tennis star Mahesh Bhupathi, actor Rahul Bose and actress Anushka Sharma. Overall, Edelweiss expect Colgate to largely maintain its market share (globally it has 3x market share of the next player and has outperformed competition in oral care in emerging markets like Brazil, Russia, China and Mexico; Edelweiss expect P&G to gain share from players other than Colgate). Consequently, Colgate India’s ad spends could shoot up while pricing power could take a knock, leading to downside risk to earnings. Competition in the domestic market could however de-rate the Colgate stock if P&G enters. For the other two toothpaste players, HUL and Dabur, oral care is a smaller segment of overall business.


P&G’s aggression in toothbrush signals entry into toothpaste


Colgate has lost market share by ~300 basis points in the past two years (recently it has stabilized) in the toothbrush category to P&G’s Oral-B. This clearly shows the aggressive approach of P&G to gain more footholds in the country. The company also launched a promotional event, ‘The Oral-B Smile India Movement 2’, and Madhuri Dixit promoted the event as ‘the Chief Smile Officer’. It plans to invest INR10bn in manufacturing and distribution network across product line in the next two years and it has repeatedly said that it wants to increase focus on India. This, in our view, could be an indication to the possible entry into the toothpaste category through Oral-B.


Colgate fit to compete; been there, done that


Colgate’s strong distribution network, almost generic brand and huge customer acquisition initiatives provide high entry barriers to new entrants. The company is in the process of setting up a new toothpaste manufacturing facility in Gujarat; it has paid INR426mn towards the allotment of leasehold land and the estimated investment is INR2bn. The sensitive toothpaste segment has been growing at a very high rate (over a low base) and is likely to be a significant category of the total toothpaste market in the next three to five years. Also, the mouthwash category is doing well. However Colgate likely to de-rate if P&G enters Edelweiss continue to like Colgate’s continued focus on innovation, market stronghold and building brand equity. However, if P&G enters toothpaste category, Edelweiss believe Colgate could de-rate as ad spends could rise and price hike will be tough.
 

deneb

Well-Known Member
#14
Rise of shareholder activism
Infosys, Coal India, Akzo Nobel and Vedanta have run up against shareholders who are not afraid to ask searching questions, even if they happen to be minority shareholders.

India Inc can no longer expect shareholders to remain calm if their rights are trampled upon. Not just big institutional investors, but even minority shareholders are now turning increasingly assertive to influence corporate decision-making.

Recent developments in the financial markets and in business practices suggest a growing trend in shareholder activism, wherein investors attempt to influence management and corporate practices by raising uncomfortable questions to the top guns of India Inc.
INSTANCES OF ACTIVISM

Very recently, CLSA wrote an open letter to Mr S. D. Shibulal, Infosys CEO and MD, questioning the sustainability of its business model. The key question on every shareholder's mind is what is troubling the company, which has been the flag-bearer of the Indian IT industry globally and single-handedly raised the profile of Indian equities among foreign institutional investors, said Mr Nimish Joshi of CLSA, after getting feedback from various small investors.

My delusions of grandeur most certainly do not stretch far enough to suggest I think I know how to run your business better than you do. Also, I entirely accept that you should not run the business to appease near-term shareholder returns, Mr Joshi said in his letter.

Earlier, it was The Children's Investment Fund Management that threatened to take Coal India into Court, as the Central Government pushed the company to sign a deal with power producers, inflicting a serious threat to its financial stability.

Generally, investors turn active only when company starts failing on the stock markets, or in its financial performance.

Till such time, most investors prefer remain quiet, even if the company has questionable corporate governance practices.

Recently, many investors of Akzo Nobel India, particularly institutions, had voted against, or abstained, as a protest against the amalgamation of three unlisted entities with itself.

Though the resolution was passed, the post-vote analysis shows that more than 45 per cent of non-promoter votes were against the resolution.

Similarly, when Vedanta Inc announced a complex restructuring exercise that saw the merger of Sesa Goa and Sterlite Industries, many shareholders protested against the restructuring.

Shareholder activism has been on the rise even in the case of public issues. Retail investors gave a miss to most public issues, particularly those of public sector undertakings, as the price was unattractive. But for LIC and State Bank of India, none of the foreign investors participated in the ONGC share auction.

A rare occasion where shareholders showed their mettle was Satyam Computer Services, which is likely to be merged with Tech Mahindra soon.

When in 2008, Satyam Computer Services had decided to acquire Maytas-Infra and Maytas-Infrastructures properties for $1.6 billion, institutional investors protested against the deal and succeeded in reversing the proposal.

The price of properties, which were owned by the then Satyam Chairman Mr B. Ramalinga Raju and his family, were inflated. Had the shareholders been a little prudent earlier, they could have even checked Satyam Computer's misdeeds.
Global phenomenon

Shareholder activism is not India-specific. US-listed Cognizant Solutions and Citigroup also saw assertive shareholders. Citigroup shareholders raised their voice against the hefty' pay packet for its CEO, Mr Vikram Pandit.

In the UK and the US, several financial companies face similar investor ire.

A shareholder of Cognizant Solutions Los Angeles County Employee Retirement Association has moved a proposal to make it mandatory for all board directors to be elected annually. The resolution comes in for voting on June 5 at its annual shareholders' meeting. At present, the board has a three-year term.

Cognizant has recommended that all shareholders vote against the proposal.

It would be interesting to see what really happens. Japan's camera maker Olympus' directors also faced small investors' wrath, after the company collapsed due to financial scandal.
Regulator's role

SEBI has also been doing its part on shareholders' activism. In 2010, the market regulator had come out with guidelines that mandated mutual funds to report how they vote at shareholder meetings. Though only a little progress has been made on this front, days ahead will see higher activity from mutual funds.

The role of independent directors has also been keenly watched.

They play an important role in achieving high standards of corporate governance. They should not only be unbiased individuals, but also bring in their independent, varied and expert knowledge to the board.

The proposed Companies Bill states that an independent director must not have any pecuniary relation with the company, amounting to 10 per cent or more of the gross turnover of the company.

Fortunately for the Life Insurance Corporation of India, it is not a listed entity.

Otherwise, it may also have to face similar uncomfortable questions from shareholders for its recent investments in public sector banks and ONGC at a steep premium over the current market price.
 

deneb

Well-Known Member
#15
Poor little rich minds: The price of wealth

THE idea that money changes people for the worse is deeply ingrained in western culture. From A Christmas Carol, with its archetypal miser Scrooge, to Wall Street with its ruthless anti-hero Gordon Gekko, countless stories have featured individuals who forsake compassion as they amass their fortunes. More recently, the press has taken to vilifying bankers for awarding themselves huge bonuses while taking excessive risks with investments.

But what is the truth behind the clichs? Do riches really breed selfishness and greed at the expense of empathy and compassion? If so, why? Although researchers have explored many of the ramifications of class and wealth since the birth of social science in the late 19th century, only recently have they started to look in detail at the way money shapes our ability to relate to other people. The results are surprising, offering a picture of the impact of wealth on our psychology that goes far beyond the usual stereotypes. Understand these effects, and you get a better handle on the other inequalities marking the vast gulf in health and well-being that separates the rich and poor. It might even help explain our diverse reactions to the current economic crisis.

Dacher Keltner at the University of California, Berkeley, has pioneered much of the recent work. He first started to contemplate the link between wealth and empathy after being struck by what he calls "the profound self-interest and social disconnect" shown by Wall Street bankers, while at the same time recalling the generosity of his neighbours growing up in a poor area. Someone going through tough times, he reasoned, needs the help of others to see them through and so becomes more sensitive to the feelings of those around them. For example, if you have less income you may have to rely on friends and neighbours for childcare or travel, and as a result will develop more effective social skills. "If you don't have resources and education, you adapt to the environment - which is more threatening - by turning to other people," says Keltner. "You just have to lean on people." Those with more money, in contrast, can afford to pay less attention to others, which could explain why your well-paid boss is so unsympathetic.

From these musings, Keltner and Michael Kraus at the University of California, San Francisco, designed a series of experiments to test whether people from different social backgrounds really do interact differently. In one of their earliest studies, they divided about 100 volunteers into pairs, and then filmed each pair meeting and getting acquainted for 5 minutes. To make sure that their own expectations couldn't sway their interpretation of the behaviour, Keltner and Kraus asked two independent observers to view the resulting videos and rate each participant's actions during the exchange, by counting how often they showed signs of interest such as nodding, laughter and eye contact, compared with more detached behaviours such as doodling.

In line with Keltner's theory, the poorer subjects were more likely to use warmer and more expressive body language and gestures that signal engagement, while the richer participants were more stand-offish (Psychological Science, vol 20, p 99). "Those from the wealthiest families would go directly to their cellphones to check the time, or they would fiddle with their backpack to make sure it was in order," says Kraus.

The team suspected that these different styles of interaction might have reflected the participants' ability to judge another person's feelings. To find out if wealth can influence empathy, the researchers first asked 200 university employees, with jobs ranging from administrative support to managerial positions, to rate the emotions expressed in 20 photographs of human faces - a standard test of emotional intelligence. As predicted, those with the more prestigious jobs were consistently worse at the task.

In another experiment, the team divided a group of students into pairs and asked them to act out mock interviews - one student as the potential employer, one as the would-be employee. Afterwards, they were asked to rate their feelings, such as excitement, hope or worry, using a 10-point scale. They also had to estimate the scores of their partners. Once again, the students from poorer backgrounds were better at guessing their partner's feelings than those from wealthier backgrounds (Psychological Science, vol 21, p 1716).

Importantly, Keltner and Kraus have found that these differences were fluid, changing with the participant's perception of their position within a group. When asked to imagine a conversation with someone they deemed to be higher up the social ladder, the wealthier participants became immediately better at reading emotions. The team concluded that the observed effects are probably automatic reactions that lead us to become more vigilant and mindful of others when we feel subordinate.

Keen to investigate the way in which wealth might influence other behaviours, the team turned to an experiment designed to test altruism, in which each participant has to decide how to divide a reward with an anonymous partner who is supposedly sitting in another room. Despite being poorer, people from less-privileged backgrounds tended to give more than those higher on the social ladder. Similar results emerged from an online survey and game (Journal of Personality and Social Psychology, vol 99, p 771).

This selfish tendency on the part of the better-off seems to translate to all kinds of situations, with laboratory and real-world experiments revealing many instances in which wealthier people are more likely to behave unethically than those from poorer backgrounds. For instance, Keltner's latest study has found that richer people are more likely to commit an offence while driving, eat sweets that are intended for children, or cheat to increase their chances of winning a prize (Proceedings of the National Academy of Sciences, vol 109, p 4086).

Taken together, the results provide some preliminary support for Keltner's theory. However, it may be best to reserve judgement until someone tests the apparent behavioural differences in more true-to-life settings, says Linda Gallo at San Diego State University, California. She points out that many of the experiments have been conducted in university labs - and people might not be as empathic as Keltner's studies suggest if tested "in situ" in tougher, deprived areas. It is also possible that the choice of participants, who were mostly students, doesn't reflect the rest of the population. If so, they wouldn't be the first experiments to have been skewed by a relatively narrow sample; psychologists are becoming increasingly concerned about studies that rely on educated subjects in western, industrialised countries to draw conclusions about humanity (New Scientist, 13 November 2010, p 42)Movie Camera.

Yet Hazel Rose Markus at Stanford University in California, who studies the effects of culture on behaviour, has also found that social and financial success can make people less caring. She suggests that the differences may arise from the sheer range of opportunities afforded by wealth - the rich spend more time considering how to spend their fortune than worrying about the needs of others, she thinks (Social Psychological and Personality Science, vol 2, p 33). "The conditions of life of those in the professional middle class focus their attention on themselves and their own needs, interests and choices, which makes them less caring," she says.

Markus suspects that psychological differences may help to explain some of the other inequalities between the rich and poor. Consider a few districts in London; the average male life expectancy is 88 years in one particularly well-heeled district in the borough of Kensington and Chelsea, as compared with 71 in one of the poorest areas, Tottenham Green in the north of the city.

Part of the explanation for this is straightforward: money can buy a better diet, a gym membership and better healthcare. Furthermore, wealthier people are more likely to have a better education, which leads to less physically stressful and more rewarding jobs.

Poorer people have less of all of this, and they also have the stress of knowing they are low down in the pecking order. There is now much evidence that this tension compounds the impact of a less comfortable lifestyle. For instance, the extensive Whitehall studies, which examined the health of British civil servants over decades, found a very clear link between illness and job grade. Those lower down the hierarchy were more likely to have cardiovascular and respiratory disease and to die younger than those in more senior positions, even after other social and economic factors had been taken into account.

Richard Wilkinson, who studies the social determinants of health at the University of Nottingham, UK, has described the distress caused by social inequality as equivalent "to more rapid ageing", because it "compromises the immune and cardiovascular systems and increases our vulnerability to so many diseases".
Emotional double hit

Where do the recent findings come into this? Social interaction is meant to be vital to mental and physical well-being, so you might expect the closer social ties in poorer communities to mitigate these stresses. Yet the increased empathy may in fact amplify the burden, by making people more acutely aware of their lowly position on the economic ladder. "My hunch is that the increased empathy of the working class does not buffer them from stress but rather adds to the stress," says Markus.

Her intuition finds some support in one of Kraus's most recent series of experiments. He placed pairs of participants in slightly tense social situations, in which they were encouraged to create amusing nicknames for one another. Rating their emotions before and after the exchange, those from poorer backgrounds tended to show a greater dip in their mood - suggesting they are more sensitive to perceived social slights (Personality and Social Psychology Bulletin, vol 37, p 1376). "This is one of the negative consequences of being empathic in a context that is profoundly unfair," says Kraus.

It adds up to a double whammy of disadvantage: not only do the worse off face poorer resources and opportunities; they are also more attuned to the injustice of their situation, which may contribute to higher levels of anxiety, hopelessness and depression - and, as a result, ill health. Gallo agrees that "a low sense of control and self-esteem and high levels of negative emotions such as depression and hostility help to explain why individuals with low socio-economic status have worse physical health".

The more self-centred mindset that comes with riches might also have a profound effect on someone's political opinions. When the team asked university students to explain increasing economic inequality in American society, those from poorer backgrounds thought it due to political influence or disparities in educational opportunities. Those from wealthier backgrounds put it down to hard work or talent (Journal of Personality and Social Psychology, vol 97, p 992). In other words, poorer people, who must rely much more on others to get by, are more aware of contextual or social factors that might contribute to someone's circumstances, while those with the social and financial resources to go it alone consider that life is what you make it.

On one level, this seems predictable: wealthy people want to feel they deserve their high income, and no one who is hard up wants to hold themselves responsible. But such perceptions may have important consequences when it comes to politics. Although the links between wealth, personality and political opinion are difficult to disentangle, it's plausible that the reduced empathy that comes with wealth and success may contribute to a more conservative, right-wing position aimed at preserving the interests of the rich.

Dishearteningly, Keltner's research might also suggest that the money and prestige of high office could degrade the altruistic tendencies of even the most well-meaning politicians. "A government run by wealthy, educated people is going to be interested in maintaining the current social order," says Kraus. "[Its members] will not be interested in the welfare of everybody, but in the welfare of themselves and their own goals."

More generally, the work could be seen to undermine "trickle-down economics": the notion that money made or inherited by rich people will end up benefiting poorer individuals, through the creation of new businesses that provide jobs for middle or low-income earners, for example. This argument is often made in support of tax cuts for the wealthy. Yet if the rich do create more jobs as a result, Keltner's findings suggest they will be more concerned with preserving their own interests, by awarding themselves hefty bonuses, for instance, rather than creating a constructive working environment with fair wages for all. "Our results say you cannot rely on the wealthy to give back, to fix all the problems in society," Keltner says. "It is improbable, psychologically."

Fortunately, not everyone seems to be corrupted by the trappings of success - as many instances of generous philanthropy attest (New Scientist, 24 September 2011, p 36). And although Kraus and Keltner's experiments may seem to offer a pessimistic view for those hoping to achieve greater social equality, they do at least suggest that the tendencies aren't set in stone, and that under the right circumstances, the well-off can be encouraged to become more empathic.

"If you can make them aware of those things, you can shift their self-interest," says Kraus. Future research will no doubt offer some suggestions for the best approach - although it will probably take more than psychological trickery to open the eyes of many dyed-in-the-wool politicians.
http://www.newscientist.com/article/mg21428611.100-poor-little-rich-minds-the-price-of-wealth.html?page=1
 

deneb

Well-Known Member
#16
Dear Tim Cook: Apple is not the world's tech inventor
Steve Jobs is famous for borrowing a phrase that may or may not have originated with Pablo Picasso: "Good artists copy, great artists steal." He said in "Triumph of the Nerds" that Apple "has always been shameless about stealing great ideas."

Yet in recent years, Jobs was outraged over Android's similarities to iOS. He branded HTC thieves and said he was "willing to go to thermonuclear war" against Google over what he called "grand theft Android." Now, CEO Tim Cook seems to have picked up Jobs' outraged-victim torch, saying in Apple's earnings call this week that the rest of the tech industry is drafting off Apple's innovations and failing to "invent their own stuff." Apple, he said, cannot "become the developer for the world."

Developer for the world!? I guess I shouldn't be surprised that hubris is alive and well at Apple, it being as ingrained a value as sans serif fonts and white lucite. But at a time when The Patent Wars are spiraling out of control, we really are looking at the kind of thermonuclear war envisioned in "War Games"--the kind where everybody loses.

Cook's wording horrified me -- he's inflaming an already red-hot litigation climate, and I'm shocked at the the sheer gall of suggesting that Apple and Apple alone "invented" every bit of the tech that dominates our lives. No, this is not the part where I talk about all the ideas Apple "stole." The point is not to blame others for stealing ideas. The point is that idea-stealing is itself an increasingly ridiculous concept.

We've all heard the apocryphal story about Jobs brazenly lifting the idea for the mouse, the graphical user interface, bit-mapping, and more from Xerox after a visit to Xerox PARC. In fact, that's not the truth. Jobs was inspired by things he saw at Xerox PARC and went on to improve on some of those ideas and license others. Then he came to market before his competitors could see the opportunities they had before them. It's business.

Jobs and Apple have often been accused of stealing ideas from Microsoft's Windows operating system and vice versa. In both cases, inspiration unquestionably occurred, even if implementation differed -- but the borrowing is obvious. Why wouldn't it be? It's business.

When Apple detailed the new features in the then-forthcoming iOS 5, the mobile OS was obviously playing catch-up with features inspired by (if not actually lifted from) other mobile platforms: pull-down notifications (Android), iMessage (BlackBerry Messenger), and on-screen notifications (Windows Mobile and others). Again, the implementation differed, but the inspiration was easily traced. Do what the competition is doing: it's just business.

Meanwhile, the jailbreak community is like the farm team for Apple development ideas. Borrowed. Inspired by. Improved upon. The world is Apple's muse. The world is everyone's muse. Just like the Xerox PARC story is full of gray areas, the world of ideas and invention is almost never as cleanly black and white as any Apple aesthetic.

And Jobs knew this. That's exactly the ethos behind the "great artists" quote -- that inspiration comes from everywhere and is remade in the artist's vision. And business is business, and business is about making products better as those products evolve, often in tandem and almost never in a vacuum.

Yet there stands Cook, and Jobs before him, bristling with outrage over Android, full of fury and loss-aversion over the alleged rip-off of multi-touch and the iPhone interface. And yet both cheerfully ignore the fact that Apple's patented multi-touch technology was mostly acquired in 2005, in the form of a company called FingerWorks -- not invented at all.

Yes, Apple's acquisition of FingerWorks was brilliant, and it was smart to continue compiling multi-touch patents (and the fault of our patent system for continuing to grant them, perhaps).

But Apple was not the first company to invent or even think of touch-screen and multi-touch technology -- or even to invent or think of making attractive gadgets. They just own all the patents. That's quite a significant difference, and the arrogance of accusing the rest of the tech community of being broadly unable to invent or innovate is staggering.

"Invention" is an impossible thing to determine in the tech world--innovation and ideas are pandemic by nature, and inspiration is and always has been a difficult concept to pin down. (I mean, even Jonathan Ives said Jobs stole his ideas, for crying out loud.)

Apple has smartly used patents to its advantage since the days when Jobs using a patent threat to force Bill Gates to invest in the then-foundering company. It's used the leniency of our patent system to amass a constant and steady stream of patents related to virtually everything it creates. But this inventor's martyr complex is both unbecoming and inaccurate. Bad enough we're back in the Cold War era when it comes to patents: just call it what it is. Business.
http://news.cnet.com/8301-31322_3-57422549-256/dear-tim-cook-apple-is-not-the-worlds-tech-inventor/
 

deneb

Well-Known Member
#18
Microsoft wasn't the inventor of DOS, either. It's what they make of it and how they spread it that brings them the riches.
The writer I guess was talking about the double standards of Apple. When they use someones ideas it is inspiration and when others use their idea it is stealing. My view is that this patent fights in technology have become so ridiculous that it is time to reconsider the use of the same, if you want to have better technology.
 

deneb

Well-Known Member
#20
The businesses looking for the 'magic middle' on social networks
As anyone who survived school will know, there was never any shortage of reminders of how popular you were - or weren't, as the case may have been.

Picked last for the football team, ignored by the prettiest girl or best-looking boy... life can be cruel when you're young.

Fortunately, we all get older and a little more grown up about things.

Or do we? In a world of retweets, "likes" and +1s, there is no shortage of services claiming to tell you how influential and important you now are.

And if you're lucky enough to be up there with the social media elite, you could find yourself being highly sought after from eager brands trying to piggyback your popularity.
Secret sauce

This is the fledgling industry of social media influence, a raft of services which track your online reputation by monitoring activity on social networks.

The main players include Klout, which launched in 2009; Peerindex, in 2010; and Kred, which is building up a head of steam after its unveiling last year.

All proudly claim to be in possession of social media's secret sauce: an algorithm that can pick the influential voices out of the crowd.

For businesses, the appeal of this is obvious.

If you're a company about to launch a new product - let's say, a new type of dog food - it is now possible find out who tweets a lot about their dog.

But, and here's the real selling point, social influence measures can supposedly determine if anyone is listening to those tweets, thus making the enthusiastic dog-tweeter a valuable asset to a marketing campaign - particularly if you can get them tweeting about your brand.
'Magic middle'

It's these low-profile yet trusted opinion formers which companies are keen to harness. They are in what Azeem Azhar, chief executive of Peerindex, keenly refers to as the "magic middle".

"You have to think of the world as a pyramid," he explains.

"At the top are the bloggers, celebs and journalists. Companies already know how to identify those people - and those people know how to market themselves.

"When they talk, they talk with the voice of the professional - but it's not necessarily the voice of a friend. The majority of people are relatively quiet on social media.

"But in the middle is a group we call the magic middle - call it about 9% of the social web - and that's people who do have this bigger-than-normal reach and a bigger-than-normal reputation in particular subjects or topics."
Free trainers

To get the "magic middle" chattering can take some persuasion, which is where the next major phase of social influence comes in.

Fitness giant Reebok is one of a number of brands dipping their toes in "perks" - a system by which companies can offer discounts and freebies to a select band of social media users who are, according to those sacred algorithms, influential.

"What this is allowing us to do is communicate more of a brand-led story," Mr Allin says.

"So when we're launching something new we're allowing people to find out about it without a hard sell.

"It's a more informal, more conversational - it sits really well alongside what else we're doing."

He says that Reebok have so far been encouraged by the response, but it's as yet too early to predict the campaign's success.

"We are keeping a good eye on how things are going," he added. "The real scrutiny will come in the following weeks."
Quirks

Reebok will certainly be hoping to do a little better than Chevrolet, who last year lent cars to 130 people who had a Klout score of 45 or above.

The buzz was considerable with more than 16,000 "positive" mentions logged. However, this activity led to just one single direct sale of a car.

However, not to be put off, the company has just begun another campaign using Klout.

Michael Litman, head of engagement for social technology consultants 9010 Group, still needs some convincing of the power of online influence.

"It provides a skewed vision of influence and tries to adopt a one-size-fits-all approach when influence is anything but," he says.

"Importantly it doesn't take in to account offline influence.

"So you could be at the very top of your game but if that isn't reflected in the number of social followers/fans you have, you won't be perceived to be influential."

A quick straw poll on Twitter highlights some intriguing quirks in the social influence system - such as Jonathan, a student who was baffled to learn he was a leading authority on Adolf Hitler.

Or Claire, who is influential on the subject of parenting, despite having no children.

And Kelly Rose, a woman who is rightly wary of the reliability of her profile when it tells visitors that she specialises in, wait for it, diarrhoea.

Mr Litman backs up his concern by saying that, according to Klout, the most influential person in the world is Justin Bieber.
http://www.bbc.co.uk/news/business-17811564
 

Similar threads