Yes sir. The "walk away" invoice accrual at year-end was somewhere around $8M (for a month)...and I'm not kidding when I say "You could have gotten as much value for $1.50 in late charges at the library".
It was a fixed consulting fee...they didn't report hours or progress or the weather. My conversation involved a request for details or hours or some justification, to which I was told "That's for the month, the month is over, therefore we owe them". Ahhhh... corporate America. God Bless capitalism.
Crazy. It's almost as if the ludicrous performance-to-billing ratio was part of an experiment.
Yes sir. The "walk away" invoice accrual at year-end was somewhere around $8M (for a month)...and I'm not kidding when I say "You could have gotten as much value for $1.50 in late charges at the library".
It was a fixed consulting fee...they didn't report hours or progress or the weather. My conversation involved a request for details or hours or some justification, to which I was told "That's for the month, the month is over, therefore we owe them". Ahhhh... corporate America. God Bless capitalism.
I was working in NY for a company that hired him and his consulting firm (The Greater Good Group) for some major restructuring analytics. The project team (which included our CEO) was all brought into a room and given a copy of "Thinking", as Kahneman presented an overview of the findings and the book, and how that was going to be used in the project.
The project was an expensive bust. I remember TGGG sending invoices for $5m-$8m/month without any real oversight. After about 6-8 months...the whole thing just sorta evaporated without any fanfare, materials, findings...just an accrual for the last invoice.
The book however made a real impact on how I see things and understand others. It's not the most impactful book for my career (The Innovators Dilemma changed everything), but it's up there.
Nudge, and The Black Swan, are books that wouldn't have been written without Kahneman and they're both really interesting.
Freakonomics also wouldn't be a thing without Kahneman; he's a founding partner in what was the Freakonomics Consulting Group. They help philanthropists figure out how to get the most bang for their buck (I think that's the gist of it)
I was working in NY for a company that hired him and his consulting firm (The Greater Good Group) for some major restructuring analytics. The project team (which included our CEO) was all brought into a room and given a copy of "Thinking", as Kahneman presented an overview of the findings and the book, and how that was going to be used in the project.
The project was an expensive bust. I remember TGGG sending invoices for $5m-$8m/month without any real oversight. After about 6-8 months...the whole thing just sorta evaporated without any fanfare, materials, findings...just an accrual for the last invoice.
The book however made a real impact on how I see things and understand others. It's not the most impactful book for my career (The Innovators Dilemma changed everything), but it's up there.
Thinking, Fast and Slow is great and it's available in every library so you should check it out/listen to it.
The Undoing Project, by Michael Lewis, is about Kahneman and Tversky and is fascinating when explaining some of the research and a little drawn out when talking about their careers together and apart but some of those moments are astonishing and the whole thing is going to be an important document as Kahneman and Tversky become more and more iconic.
Nudge, and The Black Swan, are books that wouldn't have been written without Kahneman and they're both really interesting.
Freakonomics also wouldn't be a thing without Kahneman; he's a founding partner in what was the Freakonomics Consulting Group. They help philanthropists figure out how to get the most bang for their buck (I think that's the gist of it)
His legacy will always br the lack of a public option in the ACA - the closest America has ever been to a first world health care standard for all of its citizens.
I talked to him just after he made the jump. I thought he'd made a huge mistake, but he was philosophical about it, if World Party didn't work out, he'd do something else. I thought that was a pretty healthy attitude.
