Skin in the Game

Warren Buffet says that it's high time CEOs of financial institutions assume their own salary is at stake when they make investment decisions for their companies.

Warren Buffet says that it's high time CEOs of financial institutions assume their own salary is at stake when they make investment decisions for their companies. "Buffett has been criticizing overreaching corporate managers and complaisant directors for decades. But the question of how to motivate good corporate behavior has taken on new weight as Washington debates reining in the financial giants whose missteps brought the economy to its knees two years ago. The Obama administration last month proposed separating banks' proprietary trading activities from their federally subsidized deposit-gathering and lending ones. Other proposed rules would increase the amount of capital banks hold against losses and how much cash they carry to deal with a surge of withdrawals. But Buffett said there's a simpler way to cap risk-taking: Forcing lavishly compensated CEOs to take responsibility for assessing the risks at their firms -- and putting their own wealth at stake, to boot. 'It is the behavior of these CEOs and directors that needs to be changed,' he wrote. 'They have long benefitted from oversized financial carrots; some meaningful sticks now need to be employed as well.'"

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

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Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

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Radical theory says our universe sits on an inflating bubble in an extra dimension

Cosmologists propose a groundbreaking model of the universe using string theory.

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Image source: Ernst Haeckel
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Why I wear my life on my skin

For Damien Echols, tattoos are part of his existential armor.

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  • This is why he began tattooing things that are meaningful to him — to carry a "suit of armor" made up the images of the people and things that have significance to him, from his friends to talismans.
  • Echols believes that all places are imbued with divinity: "If you interact with New York City as if there's an intelligence behind... then it will behave towards you the same way.".