George Burns

You may remember George Burns. The cigar-gumming circular-bespectacled comedian. He was known for many things from his acting parts in Oh, God and The Sunshine Boys from his earlier vaudeville fame to the fact that he lived to be 100.

You may not know that he was born Nathan Birnbaum. He was one of 12 children born in New York City. He had a brother who ended up in Akron Ohio in the “schmata” business. In the 1950’s he opened a high end women’s dress store named Birnbaum’s. The store remained open until the early 1980’s.

the ceo magazine, ceo salary,

St. Louis Cardinal Matt Holliday makes $17 Million a year. A hot dog vendor at Busch stadium makes a little above minimum wage, or about $10 an hour. 

A professional baseball player and hot dog vendor both work in the same stadium for the same number of hours addressing the needs of ticket holders. However, it would take the hot dog guy a thousand years to match the one-year salary of a top player, yet no one complains.  In fact, most ardent fans would scoff at a comparison, pointing out that Matt Holliday and those of his ilk have practiced thousands of hours to hone the skills that make them the hometown favorites that can fill a stadium with fans who hope to see evidence of the player’s skills and past performance. If a top ranking player strikes out, throws balls instead of strikes, or generally performs badly, no one docks his pay.

The word “innovation” is such a constant in meetings around the world that it has almost become a contender for “corporate buzzword bingo.” Although it is often over-used it is not always well understood in terms of how it should be implemented into organizational culture, or even how it might be best used as a frame for evaluating business strategy.

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