If it is not broken, don’t fix it.

After a national cable network in the north took over the production of a Miami-based business news program on PBS, it gave its newly acquired prize a complete make-over. Among many other things the new owner did to this well-known television program, it retained only one of the many reporters who made this award winning show possible. Now while watching the program as I used to do each evening over the last 25 plus years, I often thought of the reporters and their South Florida-based colleagues who did not make the cut to the new set. It appears only one of its reporting staff under the old regime had survived the changeover. This made me question the reason why the new owner of a favorite news show would want to decimate a winning team that brought the show thousands and thousands, if not millions, of viewers, and many well-deserved professional accolades. - Ayee

Corporate Governance

It appears European countries are way ahead of the curve on this subject.

Last week,after the European Union (EU) enacted a law limiting the bonus to top executives to one year of their salary, Switzerland, not a EU member, added another damper on compensation to the managers of the companies listed on Swiss stock exchanges. According to BBC’s website, the newly passed referendum will give shareholders of these companies a say on the pay to their executives. The new laws in Switzerland also eliminate outrageous severance pay to departing managers.

Besides being of a country known for its highly productive citizens, and pristine environment, Switzerland, a politically neutral country, also becomes the front runner to rein in excessive compensation to business CEO’s. - Ayee .