NEWS OF THE DAY AND OTHER THINGS

THE ATLANTIC CUP COMES TO NEWPORT

 

 I have seen the fireworks at cowes week and they are indeed the best I have ever seen.

 

Following the news that Aberdeen Asset Management has extended its sponsorship of the world-famous regatta, Cowes Week, until 2015, the financial services company has also extended its support to include a significant proportion of the necessary funding to safeguard the traditional event fireworks display.

Commenting on the announcement, Martin Gilbert, CEO of Aberdeen Asset Management, said: “The fireworks display on the final Friday of Cowes Week is one of the regatta’s great traditions. Aberdeen Asset Management, in partnership with a range of financial groups and other organisations  is proud to be playing a key role.”

The other organisations to have come forward with financial support for the fireworks so far include: Cowes Week Limited, Cowes Town Waterfront Trust, City AM newspaper, Artemis Investment Management, JLT Specialty Limited, the Island Sailing Club, the Royal Corinthian Yacht Club, the Royal London Yacht Club, the Royal Yacht Squadron, the Royal Ocean Racing Club, GKN, Red Funnel Ferries, Blue Funnel Ferries, and Solent and Wightline Cruises. Other donations are anticipated following pledges of support.

Stuart Quarrie, CEO of Cowes Week Limited said “We are delighted to be working in partnership with Aberdeen Asset Management and the other organisations involved in creating a solution for the fireworks. We are pleased to confirm that Cowes Week Limited is pledging to match any donations received from members of the public over the coming months”. Donations can be made here.

The fireworks display will be held on the final Friday of this year’s Aberdeen Asset Management Cowes Week, Friday 17th August.

Q&A’s

Does this now mean that there is a long-term solution in place to support the funding of the fireworks display?

A new body has been established to secure funds for the iconic fireworks display in the long term – Cowes Fireworks Committee. Although the display is financially secure for 2012, it is not guaranteedin future years although, with the creation of the new committee, there is a long-term plan in place for securing funds.

Who is the “Cowes Fireworks Committee”?

The founding members of the newly-formed Cowes Fireworks Committee are Cowes Town Waterfront Trust (a charitable organisation whose prime objective is to rejuvenate Cowes Waterfront), regatta organisers Cowes Week Limited, and the Isle of Wight Council. The chosen fireworks company will also be co-opted onto the Committee.

Do people still need to donate?

Yes. Donations from individuals and organisations who enjoy or benefit from the display are strongly encouraged, particularly from those who have previously pledged their support. Donations can be made securely online with paypal here or in person at the Regatta Centre in Cowes.

What if more money is raised than is needed?

Any surplus funds will provide a head-start for the 2013 display – this will be an important aspect of sustaining the display in the long-term.

 

I continue to have a soft spot in my heart for the Finn.

NEW WORLD RECORD

This is a story that can to light yesterday, while we were congregated at Indian Harbor Yacht Club for the Carina evening.( see yesterday’s post) A few crewmates felt it merited being included in the blog. We have all folded paper airplanes and even tried to see how far we could make them fly. I honestly had never considered a record setting flight, but there are records for things I have never heard of, so why not?

 

 

John Collins, a producer at KRON-TV in San Francisco, is now an official part of history as one of his paper creations glided 226 feet and ten inches through the air to set the new world record for distance. And you teachers with large classrooms thought you were safe from getting pelted by students.

Joe Ayoob

A paper airplane fanatic since a child, Collins has written two books on the subject and has toured the world showing off his creations. Having studied countless designs as well as origami over the years, he felt like he had a shot to create an aircraft that could break the previous world distance record of 207 feet, 4 inches held by Stephen Kreiger. The only thing he was lacking was the arm strength to actually be able to propel a plane that full distance. Enter former Cal quarter back Joe Ayoob, the man who took over for Aaron Rodgers after his ascension to the NFL.

Ayoob and Collins were introduced to each other when Collins first two choices to throw for the record had to bow out due to injury and work pressures. Ayoob had worked with the Vern Glenn, sportscaster at KRON announcing arena football games. Glenn introduced the two after he heard that Collins needed someone with a powerful throwing arm to reach his goal. Looks like he picked the right guy.

On February 26th, Ayoob threw a Collins-made paper airplane ten straight times for the record after 40 or so practice flights. On his fourth attempt is when he nailed the throw, propelling him and Collins into the record books. The event took place at McClellan Air Force Base located near Sacramento. A fitting locale for the record breaking flight.

As of press time, Collins’ site, thepaperairplaneguy.com has been taken offline for too much traffic (not surprising). When it comes back up we should be able to get an idea of the plane’s design so that you can try to replicate it, perhaps one day you will be able to challenge for the title! I have already contacted Tom Brady about a collaboration so go find your own QB.

UNCONVENTIONAL LEADERSHIP

Unconventional Leadership Lessons from Jeremy Lin

JEREMY LIN, MANAGEMENT, LEADERSHIP, CAREER ADVICE, EMPLOYMENT STATISTICS
CNBC.com
| 17 Feb 2012 | 12:31 PM ET

 

How can several multi-million dollar basketball teams overlook Jeremy Lin, a dormant star player who was on their own teams?

Well, he didn’t have any experience as a star. He didn’t graduate from a university with a history of producing basketball stars.

Additionally, the fact that there aren’t many Asian stars in American professional basketball probably played a role too.

In other words, according to “conventional basketball wisdom”, Jeremy Lin shouldn’t be a basketball star!

Unfortunately, conventional wisdom and thinking routinely prevent managers from finding, hiring and/or utilizing star players at companies around the world. Experience and education are overused as selection criteria, which hurts innovation and competitiveness.

Experience is a poor indicator of what has been learned in the past and what can be done in the future. Driving is a good example of how experience often fails to produce learning and expertise. Many people who have been driving for years, and therefore have ample experience, are still poor drivers.

The weak relationship between experience and expertise is evident in many organizations as well. Anything that one does admirably today, one did not know how to do in the past, so experience was not a valid predictor of future success. Therefore, for the same reason, it is unreasonable to use experience indiscriminately as a selection criterion.

Organizations depend on new ideas and innovation for survival. Since innovation is by nature something new, prior experience in often irrelevant. Some of the most creative and successful entrepreneurs had no experience at all in their fields when they started their firms.

Ben & Jerry’s Ice Cream was started by two friends who knew nothing about the ice cream business. Ted Turner didn’t have a journalism education or any experience in the news business when he launched CNN . Richard Branson has created numerous unrelated ventures, which have made him one of the richest men in the world, despite the fact that he didn’t possess any experience in most of his businesses.

Unconventional leaders are similar to entrepreneurs in that they are willing to try new ideas and take risks in their quest to beat the competition. Unconventional leaders think outside the box, so they find stars with unexpected backgrounds, something their competition would never consider.

What are good selection criteria for finding unconventional thinkers who can work in a dynamic environment?Seeking people who are open to new ideas, have a vision similar to the company’s, and are comfortable with ambiguity is likely to yield better results than focusing on how much work experience applicants have or whether they have a university education.

The ability to learn quickly and adapt are both particularly important as well. Each organization should devise its own selection criteria and process that is matched to its culture and strategy. Keep in mind that the process created is not static, it should be adjusted over time.

When using an innovative selection process, it might take much more time to find and select personnel. That is the price to pay for doing things differently. For example, Google interviews are a day long affair, or more. Google is also one of the most unconventional companies in the world.

Don’t make the mistake of the New York Knicks, who discovered Jeremy Lin by chance. Break with conventional wisdom and do something different when looking for talent. A customized and innovative selection process will help you find and select unconventional thinkers who can help your company beat the competition.

 

Isn’t this the story of Steve Jobs? How many of us have had the experience in a job interview where only the number of degrees have been the measure of our ability? It seems that this topic of unconventional is more common but the truth of the matter is that things not only have not changed, but become more difficult. People are less willing to take a chance or be guided by their intuition.

OZYMANDIAS

Ozymandias

        by Percy Bysshe Shelley (1792-1822)

I met a traveler from an antique land
Who said: Two vast and trunkless legs of stone
Stand in the desert. Near them, on the sand,
Half sunk, a shattered visage lies, whose frown,
And wrinkled lip, and sneer of cold command,
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them, and the heart that fed;
And on the pedestal these words appear:
“My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!”
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.

 

The story behind this chateau is one of hubris. Constructed while Versailles was underway. He invited the king to visit; Louis, the sun king, was not blind to the beauty of the Chateau and promptly imprisoned his host.

 

 

 

 

 

 

 

 

 

 

 

 

I WAS YOUNG ONCE TOO

Interestingly these photos all relate to offshore sailing…on “Carina”.  I sailed two transatlantics, two admirals cups, 2 fastnet races, 2 channel races, one bermuda race and many other races on the 48 foot McCurdy and Rhodes design.

I still contend we had more fun in that era. There were so many characters with so many stories.

NANTUCKET SLEIGH RIDE?

Whale towing yacht out to sea by the anchor line  .. .

The quirkiest story of the week happened just off Fraser Island in Queensland: A whale picked up an anchor line and towed a yacht and its two crew 1.5nm out to sea. The whale, no doubt, was just as alarmed as the crew – with the rope in his mouth, dragging an anchor on one side and a yacht on the other. They finally cut the line and lost both whale and anchor. Can you imagine filling out the insurance claim form for the loss of that anchor? Or the reaction of the insurance assessor?

COWES WEEK SAILING

I had intended to post about the america’s cup, but this event in Cowes is worth seeing. Honestly, it is surprising that more collisions don’t occur during cowes week. I have been amazed how well ships and boats seem to co-mingle on the solent. Obviously this is one time where things did not go so smoothly. No blame should be put on the ship.