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TradeBriefs Editorial

From the Editor's Desk

Management Time: Whos Got the Monkey?

Editor’s note: This article was originally published in the November–December 1974 issue of HBR and has been one of the publication’s two best-selling reprints ever. For its reissue as a Classic, HBR asked Stephen R. Covey to provide a commentary (see the sidebar “Making Time for Gorillas”).

Self-imposed time—used to do those things that the manager originates or agrees to do. A certain portion of this kind of time, however, will be taken by subordinates and is called subordinate-imposed time. The remaining portion will be the manager’s own and is called discretionary time. Self-imposed time is not subject to penalty since neither the boss nor the system can discipline the manager for not doing what they didn’t know he had intended to do in the first place.

Continued here


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MGM Resort's devastating computer hacking that shut down many casino and hotel services cost it $100 million in lost profits    
MGM Resort's devastating computer hacking that shut down many casino and hotel services cost it $100 million in lost profits
© 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.


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News Corp sells stake in gambling startup Betr after initial investment of $70m    
News Corp sells stake in gambling startup Betr after initial investment of $70m
Guardian Australia reported last week that the agency was in the process of paying out $40m in bets after Penrith’s NRL grand final win, which the company believed was an Australian record.






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Australia's home affairs department hit by DDoS attack claimed by pro-Russia hackers    
Australia's home affairs department hit by DDoS attack claimed by pro-Russia hackers
The group has been targeting countries lending support to Ukraine since March last year, including Canada, the US, Denmark, Germany, Norway and Poland, but it is believed this is the first attack targeting Australia from the group.


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NSW women's prison lacking hundreds of security cameras despite guard sexually assaulting detainees    
NSW women's prison lacking hundreds of security cameras despite guard sexually assaulting detainees
Information and support for anyone affected by rape or sexual abuse issues is available from the following organisations. In Australia, support is available at 1800Respect (1800 737 732). In the UK, Rape Crisis offers support on 0808 500 2222. In the US, Rainn offers support on 800-656-4673. Other international helplines can be found at ibiblio.org/rcip/internl.html




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US shoots down Turkish drone flying near its troops in Syria    
US shoots down Turkish drone flying near its troops in Syria
But the YPG is also the spearhead of the main ally of the US-led coalition against Islamic State, and support for the faction by the US and other allies, including France, has strained ties with Turkey.


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Synthetic opioids may be behind rise of fatal overdoses in West Midlands    
Synthetic opioids may be behind rise of fatal overdoses in West Midlands
“Whether it becomes like fentanyl [which has ravaged American cities] we don’t know,” said Varney. “The US experience is concerning but the UK drugs market is different … This is going to happen again whether it is nitazenes or a new synthetic. Like any big industry, the global drug industry is looking at the next big thing.”




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The housing market is following a similar playbook from the 1980s when mortgage rates doubled. Here's what it could mean for homebuyers today.    
The housing market is following a similar playbook from the 1980s when mortgage rates doubled. Here's what it could mean for homebuyers today.
\"Limited inventories, high prices, and labor shortages can be headwinds for some time, but the good news is that single family permits have held up for the past several months... Affordability is likely to improve as the Fed cuts rates. At that stage, we should see a more stable and healthy housing market. Until then, hang tight, it may be a bumpy ride,\" Bank of America concluded.


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Exxon in advanced talks for $60 billion acquisition of Pioneer-sources    
Exxon in advanced talks for $60 billion acquisition of Pioneer-sources
Other oil majors have also been turning to dealmaking because they find it risky to drill new acreage. Chevron Corp, for example, agreed in May to acquire shale producer PDC Energy Inc in a stock-and-debt transaction worth $7.6 billion.




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Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum    
Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum
The conglomerate that Munger helped Buffett build owns dozens of companies, including BNSF railroad, Geico insurance and several major utilities along with well-known brands like See\'s Candy and Dairy Queen along with numerous manufacturing firms. Although Berkshire is based in Omaha, Nebraska, where Buffett lives, Munger has long lived in southern California, so much of his charitable giving has been focused on the West Coast.


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Sam Bankman-Fried Told MIT Friend $8 Billion Hole Meant FTX Wasn’t ‘Bulletproof’    
Sam Bankman-Fried Told MIT Friend $8 Billion Hole Meant FTX Wasn’t ‘Bulletproof’
Yedidia said he hasn’t spoken to Bankman-Fried since resigning. Unlike with Wang, the two of them made eye contact when Yedidia entered the courtroom, and they nodded at each other in acknowledgment.




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Sanofi Is Exploring Acquisition of Cancer Drugmaker Mirati    
Sanofi Is Exploring Acquisition of Cancer Drugmaker Mirati
Sanofi has been aggressively adding to its portfolio of treatments. It struck two deals this week to gain new experimental treatments for bowel disease and an invasive form of a digestive pathogen.


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Fields, Moore break out as Bears snap 14-game losing streak    
Fields, Moore break out as Bears snap 14-game losing streak
QB breakdown: Howell\'s growth remains pivotal to the franchise\'s future. Howell showed, once more, that he\'s a resilient and tough quarterback. After a rough first half -- 9-for-13, 71 yards and an interception -- he threw for 298 yards in the second half. He moved well in the pocket, was patient with underneath throws, and though the Commanders lost, he continued to show he can be developed. Speeding up his progressions and learning to protect himself from hits should be points of emphasis going forward.


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Bedard effect: Blackhawks' ticket sales soaring    
Bedard effect: Blackhawks' ticket sales soaring
Bedard, a center, has five points in three preseason games for the Blackhawks. He opens his rookie season at the Pittsburgh Penguins on Tuesday (8 p.m. ET, ESPN/ESPN+). His first home game isn\'t until Oct. 21 against the Vegas Golden Knights.


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Magic calls out Commanders after loss: No 'fire'    
Magic calls out Commanders after loss: No 'fire'
\"When you don\'t get off to a fast start,\" McLaurin said, \"and a team that\'s hungry like that, fighting for every play, every yard and they\'re capitalizing, that\'s what can happen. The record didn\'t really matter. You don\'t come to play, that\'s what\'s going to happen to you.\"


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Reese: 'Love' Clark, hoping to defend LSU's title    
Reese: 'Love' Clark, hoping to defend LSU's title
\"Women are changing the game,\" she said. \"I mean, 9.9 million people watched the [national championship] game. The feedback we\'ve gotten, men and women reach out to us, celebrities, NBA players. Seeing we have so many people in our corner, I think that helps.\"


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'We're giving everybody rides': Utah football players get free trucks    
'We're giving everybody rides': Utah football players get free trucks
Eighty-five Utah players on scholarship were in for the surprise of a lifetime when they received leases for Dodge Ram pickup trucks. The Utah Crimson Collective, a nonprofit organization, organized the deal and will be covering the lease and insurance payments, according to Forbes. Players will be responsible for tax payments.


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Remembering Senator Dianne Feinstein: ‘She Showed the Way’    
Remembering Senator Dianne Feinstein: ‘She Showed the Way’
Ms. Mariano, 31, recalled sleepovers at Ms. Feinstein’s home in the Pacific Heights neighborhood, but also the crucial advice that her grandmother had left her with, pressing the value of hard work and doing something you love.


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Millions of Candies Are Recalled After Child Chokes to Death    
Millions of Candies Are Recalled After Child Chokes to Death
The recalled Candy Dynamics product came in two- or three-ounce bottles inside blue, red, green or pink packaging labeled “TOXIC WASTE” or “MEGA TOXIC WASTE” and was sold at nationwide retailers, including Walmart and Five Below, as well as online from June 2015 through July 2023, the commission said. The recalled flavors are blue razz, strawberry, black cherry and sour apple. The affected product codes can be found on the recall notice posted on the commission’s website.


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I.R.S. Puts Lien on Giuliani’s Palm Beach Condo for $550,000 Tax Debt    
I.R.S. Puts Lien on Giuliani’s Palm Beach Condo for $550,000 Tax Debt
Mr. Giuliani has repeatedly asked Mr. Trump to pay him millions of dollars he believes he is owed for his role in the effort to keep Mr. Trump in office. After entreaties from people close to Mr. Giuliani for a financial lifeline, Mr. Trump hosted a $100,000-per-person fund-raiser at his club in Bedminster, N.J., last month to aid the former mayor.


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Trump Escalates Anti-Immigrant Rhetoric With ‘Poisoning the Blood’ Comment    
Trump Escalates Anti-Immigrant Rhetoric With ‘Poisoning the Blood’ Comment
Trip Gabriel is a national correspondent. He covered the past two presidential campaigns and has served as the Mid-Atlantic bureau chief and a national education reporter. He formerly edited the Styles sections. He joined The Times in 1994. More about Trip Gabriel


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Armed Man Seeking Wisconsin Governor Posts Bail and Returns With Rifle    
Armed Man Seeking Wisconsin Governor Posts Bail and Returns With Rifle
Michael Levenson joined The Times in December 2019. He was previously a reporter at The Boston Globe, where he covered local, state and national politics and news. More about Michael Levenson


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Ballot Box Biology's Hostile Takeover Of State Wildlife Agencies    
Ballot Box Biology's Hostile Takeover Of State Wildlife Agencies
And when pets and people in Boulder, Aspen, Vail and elsewhere across Colorado come face to face with the big cats in their backyards, who will remember that it was ballot-box biology—and the special interests behind it—that brought us here?


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Taylor Swift tour film tops $100m in advance ticket sales    
Taylor Swift tour film tops $100m in advance ticket sales
Later this month, Swift will release her next re-recorded album 1989 (Taylor\'s Version). She is re-recording her earlier albums because it will allow her to own the songs\' original recordings.


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How Ghana's central bank lost $5bn in one year    
How Ghana's central bank lost $5bn in one year
Bright Simons, a Ghanaian social innovator and writer, says that the bank cannot compare its losses with those of other countries. \"Their attempt to deflect blame and point to losses by other central banks doesn\'t make sense as the scale of their losses far outstrips those of other peer banks.


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Crossing Swamps and Sieving Sewage: A Year of Reporting on Mosquitoes    
Crossing Swamps and Sieving Sewage: A Year of Reporting on Mosquitoes
I asked people in São Tomé and Príncipe how they felt about their country potentially being one of the first to experiment with genetically modified mosquitoes. Over and over again, people told me that while the unknowns made them nervous, they knew what it was like to live with malaria. They recalled falling ill when they were young. They told me about siblings who had died of the disease. To protect their children, they said, they were willing to take risks.


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George Santos’s Treasurer Pleads Guilty in Federal Inquiry    
George Santos’s Treasurer Pleads Guilty in Federal Inquiry
Grace Ashford is a reporter on the Metro desk covering New York State politics and government from the Albany bureau. She previously worked on the Investigations team. More about Grace Ashford


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Floorboards (Possibly) Trodden by Shakespeare Are Found in England    
Floorboards (Possibly) Trodden by Shakespeare Are Found in England
The floorboards in St George’s Guildhall are “not the oldest thing associated with Shakespeare by any means,” Mr. Dobson said. “But it’s amazing how much clutter from the 16th century is still lying around in England.”


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Trump Endorses Jim Jordan For House Speaker    
Trump Endorses Jim Jordan For House Speaker
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Hillary Clinton Shreds Trump's MAGA 'Cult' With 'Formal Deprogramming' Call    
Hillary Clinton Shreds Trump's MAGA 'Cult' With 'Formal Deprogramming' Call
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Jake Tapper Exposes GOP Hypocrisy With Obama Blast From The Past    
Jake Tapper Exposes GOP Hypocrisy With Obama Blast From The Past
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Trump Decides To ‘Temporarily Pause’ Lawsuit Against Former Attorney Michael Cohen    
Trump Decides To ‘Temporarily Pause’ Lawsuit Against Former Attorney Michael Cohen
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Jimmy Kimmel Rips Lauren Boebert With Why She's Perfect For House Speaker    
Jimmy Kimmel Rips Lauren Boebert With Why She's Perfect For House Speaker
By entering your email and clicking Sign Up, you\'re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.


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Stephen Colbert Scorches Lara Trump Over Her Hellish Tom Petty Cover    
Stephen Colbert Scorches Lara Trump Over Her Hellish Tom Petty Cover
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Biden Says Border Walls Don't Work While Waiving 26 Laws To Build More Wall    
Biden Says Border Walls Don't Work While Waiving 26 Laws To Build More Wall
By entering your email and clicking Sign Up, you\'re agreeing to let us send you customized marketing messages about us and our advertising partners. You are also agreeing to our Terms of Service and Privacy Policy.


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Anti-Affirmative Action Group Sues Naval Academy Over Considering Race In Admissions    
Anti-Affirmative Action Group Sues Naval Academy Over Considering Race In Admissions
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Comedian Roy Wood Jr. To Leave ‘The Daily Show’ After 8-Year Run    
Comedian Roy Wood Jr. To Leave ‘The Daily Show’ After 8-Year Run
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Russia's government lifts ban on most of its diesel exports    
Russia's government lifts ban on most of its diesel exports
\"Thus, the Government is suppressing attempts by resellers to purchase fuel in advance for subsequent export after the current restrictions are lifted. This also prevents them from exporting class fuel under the guise of other products,\" the Kremlin added.


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Taiwan elects its own leaders so it is already independent, presidential frontrunner says    
Taiwan elects its own leaders so it is already independent, presidential frontrunner says
\"So in fact, Taiwan is already sovereign and independent. If it is not sovereign and independent, how can there be a presidential election? Therefore, there is no need to declare Taiwan\'s independence again,\" he added.


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JPMorgan's Marko Kolanovic braces for 20% market plunge, delivers recession warning    
JPMorgan's Marko Kolanovic braces for 20% market plunge, delivers recession warning
\"The job market is still strong. But you are starting to see the stress in [the] consumer if you look at sort of the delinquencies in the [credit] cards and auto loans,\" he noted. \"We remain somewhat negative still.\"


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Why Commerce Secretary Gina Raimondo is calling Huawei's new phone 'incredibly disturbing'    
Why Commerce Secretary Gina Raimondo is calling Huawei's new phone 'incredibly disturbing'
© 2023 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information | Ad Choices FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.


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Top grain traders 'helped scupper' ban on soya from deforested land    
Top grain traders 'helped scupper' ban on soya from deforested land
A person involved in the Cop27 soya ban discussions said, on condition of anonymity, that the Mighty Earth report was "somewhat misleading" because it implies "there was an agreed goal and the traders didn't deliver on it". Rather, the source said, there were "expectations" a ban would be announced at Cop27, but they were "unrealistic given the practices of the companies involved".




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