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August 05, 2003

Can Long-Term Incentive Plans Improve Business and Government?

What if there was a way to structure a bonus scheme for business leaders and even potentially for political leaders that provided them with benefits (or costs) based not on the near-term performance of their administrations, but rather on the performance of their organizations long after their administrations are finished? For example, if a CEO's or Board member's compensation was tied to the 20 year performance of their organization, would they manage differently? If political leaders were compensated for the 20 year improvement in key social, environmental and economic indicators, would they govern differently? How can we help to bring about more long-term thinking in business, society and government?

Posted on August 05, 2003 at 07:13 PM in Business, Government, My Proposals, Society |

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Nova's Trip to Edge of Space

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    In 1999 I flew to the edge of space with the Russian air force, with Space Adventures. I made it to an altitude of just under 100,000 feet and flew at Mach 3 in a Mig-25 piloted by one of Russia's best test-pilots. These pics were taken by Space Adventures from similar flights to mine. I didn't take digital stills -- I got the whole flight on digital video, which was featured on the Discovery Channel.

Nova & Friends, Training For Space...

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    In 1999 I was invited to Russia as a guest of the Russian Space Agency to participate in zero-gravity training on an Ilyushin-76 parabolic flight training aircraft. It was really fun!!!! Among other people on that adventure were Peter Diamandis (founder of the X-Prize and Zero-G Corporation), Bijal Trivedi (a good friend of mine, science journalist), and "Lord British" (creator of the Ultima games). Here are some pictures from that trip...

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