harmony wrote: So my original premise is correct: the Brethren sought out a retired man, older than 65, with close connections to Mormon Royalty, to run these 7 enterprises.
As Rcrocket would rightly point out, the Gambino's would always pick an experienced and mature man from the Family to run one of its enterprises or oversee many.
Do you have a problem with that Hamony? Do you have a dog, cat or a horse stabled out back?
moksha wrote: As Rcrocket would rightly point out, the Gambino's would always pick an experienced and mature man from the Family to run one of its enterprises or oversee many.
Do you have a problem with that Hamony? Do you have a dog, cat or a horse stabled out back?
I have several problems with that, not the least of which is the tendency on the part of our leaders to look no further than the end of their collective noses to find leadership.
Morman Royalty, again.
And where's the $1.2 billion?
(Nevo, Jan 23) And the Melchizedek Priesthood may not have been restored until the summer of 1830, several months after the organization of the Church.
harmony wrote:[... our leaders to look no further than the end of their collective noses to find leadership ...
I am sorry, but I am a visual type. While reading this sentence, the thought of another part of the body is unavoidable. (Think about 70 years old men! Or don't think about!)
I am sorry again. And again.
- Whenever a poet or preacher, chief or wizard spouts gibberish, the human race spends centuries deciphering the message. - Umberto Eco - To assert that the earth revolves around the sun is as erroneous as to claim that Jesus was not born of a virgin. - Cardinal Bellarmine at the trial of Galilei
1. That's going to be an enormous job; he's essentially been asked to fix whatever issues there are in 7 companies. How like the church to put that kind of burden on 1) Mormon Royalty, and 2) a man who looks like he could have retired already. I wonder if anyone else was given a shot at the job, or if this is essentially a calling? I'm not saying he's not capable or qualified. I just wonder if someone younger was given a shot, or if this was another manifestation of the Brethren's distrust of people younger than 65? Will we get to know what he is paid?
He is well seasoned. The relationship issues bugged me a bit. But hey if as 67 he still wants to work it is clear he has enormous talents. I work with two businesses that are owned and headed up by older men. One is 73 the other 86. Both love what they do and want to keep working at it. My FIL is still running his business at 74. As I get older I can see the benefits of staying engaged.
2. $1.2 billion in 2007. Hmmm. Is that gross proceeds or net? And if it's net, where the heck is it????
Usually when they say revenue it means gross revenue before expenses. Net income or net profits is after expenses.
3. Is it possible to see an annual report from any of these separate entities?
Don't know. They are closely held so while they do have financial s and file tax returns I do not think the general public can get at them.
4. What is it he's going to fix (besides an antiquated and totally unwieldy communication system)? Are they losing money? Will they restructure their management? Lay off workers? Ask for tithing money to bail them out?
Trevor wrote:Most everyone is being hit by the declining economy....
Church could weather this economic storm quite comfortably but it was financially weakened with irresponsible spending spree by GBH; the man was like a little kid, hands in the cookie jar, trying to grab as many as he could. You build 40-50 temples, most of them are beyond unnecessary, who is going to pay the tab? How much one of those lavish Temples cost, I wonder. The Mall was even worse idea. Doing math is very easy in this case; you spend money to make money. Temples will not bring great revenues, guaranteed.
(Like all significant corporate leaders, he has admirers and detractors.)
If, having read his profile, you still want to believe that nepotism was a principal or even significant factor in his recent assignment to head up the Church's for-profit enterprises -- that his relatively close kinship to President Hinckley, who has been dead for more than a year, was decisive rather than his doctorate from Columbia, his connection with the Wharton School of Business, his experience at the Federal Reserve Bank and General Mills and the Times-Mirror Corporation, his loyal service to the Church as a stake and mission president, and the like -- you're certainly free to do so. But I think it'll tell more about you than about him.
(Like all significant corporate leaders, he has admirers and detractors.)
If, having read his profile, you still want to believe that nepotism was a principal or even significant factor in his recent assignment to head up the Church's for-profit enterprises -- that his relatively close kinship to President Hinckley, who has been dead for more than a year, was decisive rather than his doctorate from Columbia, his connection with the Wharton School of Business, his experience at the Federal Reserve Bank and General Mills and the Times-Mirror Corporation, his loyal service to the Church as a stake and mission president, and the like -- you're certainly free to do so. But I think it'll tell more about you than about him.
Good points. The man is qualified. And I have no problem with his age. Maybe he feels that after a fairly successful career this is a way for him to give back to the Church.
