Blog removed

This blog space originally dealt with my role in the creation of the current SEC executive compensation reporting requirements.  I played a central role. 

I circulated the original blog, for this space, to others involved in the matter and got a strong reaction...basically 'don't publish that.'    The reason has to do with necessary and sufficient.  This has happened to me several times before.  I was the primary creator of the modern universal credit card.

That statement "I was the primary creator..." is based on my necessary but not sufficient role.  There is no way to tell what would have happened historically if I hadn't walked into that room at Wells Fargo Headquarters, in 1966, where three of my peers were laughing at the stupidity of a recent credit card proposal. I had the unique knowledge of how Bankamericard worked, its inside financials, and I had single-handedly done all the marketing research on that subject.  I was also credible to my friends.  I was necessary, but they were sufficient in both timing, corporate rank and knowledge to push the project ahead.

The New York Times over the past 35 years has published several obituaries giving other bankers credit for the creation of the modern universal credit card.  In reality, not one of them played a meaningful or significant role.  I have recorded the actual history and given due credit to the other men who created the modern credit card. Men who were the sufficient cause of the modern credit card and all of whom testified to my "necessary" singular and central role.

The same is true for my role in creating the current reporting rules for executive compensation.  I was the primary agent in creating these new reports, I was the necessary provocateur, but  I was not sufficient.  Other people were essential at the precise time and place for everything to fall together.  The others deserve recognition and appreciation. Unfortunately, this is an ongoing story and to tell it now, would adversely affect the outcome.