Who’s Who in the Office

This week, The Times reported under the headline “American psycho on the path to power“, a study by the University of Oxford assessing the extent to which characters  were psychopaths.  Allocating a score of up to 28 in each of 8 characteristics, the Psychopathic Personality Inventory determined that Republican Presidential Candidate, Donald Trump, is more psychopathic than Hitler, Napoleon and Nero.

I recall management training courses characterising certain people in the workplace, which I thought worth summarising here.  There have been many authoritative studies around work-personalities. This is not one of them, and it is intended to amuse.
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Don’t Ask Me What I Think of EU

One of the funniest comments I heard about Brexit this morning, as we awoke to its being a reality, was in response to the question of how Brussels will react. The answer was given “they will be completely shocked”. If it is true, it tells us all we need to know. There was a referendum in the UK yesterday; it was always going to be close. This is not a shocking result, and anyone who is shocked by the outcome must surely be open to accusations of some degree of arrogance.

Politicians will disagree about the political, and economists will disagree about the economic effects.  In my previous blogs I have been clear that I do not believe we can predict what will happen in this Brexit scenario, so speculation is as good as we can get. A look back at history does tell us that humans, economies and people generally are far more resilient than we fear and no doubt we will be living in very interesting times. We should be more than cautious as pundits supply endless opinions on how Brexit will impact on business.

But what of your business and what can we learn?

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Someone Sent a Promised Land

In the press this week, was a report that the DVLA thinks that they have lost £200m in road tax revenues since introducing the new disc-free tax system.  It caught my eye because, about a year ago, the Chancellor announced how they will now do away with paper tax returns and replace them with an online tax account.  Many of us wondered at the time how the IT would work.

In the 1970’s (I know I don’t look old enough) I recall how we all thought computers would do away with almost all mundane work, and we would live lives of leisure, and only do the work that humans must do.  It was a Promised Land, delivered by second class post via Royal Mail (like most government mail), it seems.  Is Government trapped in a 1970’s time bubble, desperately doomed to failure, yet hoping to save costs by computerising our lives?  Or does government have a long term strategy?

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Libor Liberty

Today it was reported that a banker has gone to jail for fourteen years for fixing LIBOR. I cannot help but feel that somehow, something does not sit right here. Can a single individual truly fix the inter-bank lending rate? If so, should we blame him when he does so, or should we blame the system? Is it only me that sees this as having something of the scapegoat about it?

Banking is all about buying and selling money, and taking margins between the two. So, a banker will always do his best to get the best margin he can in any financial transaction; that is his job. Now it does seem that Mr Hayes may have gone out of his way to manipulate the system in a manner that is unacceptable, but he could not have done so single handed. Nor could he have done so if the system he was manipulating were sufficiently robust to prevent manipulation.
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