In POW camps, officers could impede survival
Clifford G. Holderness is a professor of finance at Boston College’s Carroll School of Management, and his particular interest is the behavior of large shareholders in public corporations. He is also a World War II buff.
Seven years ago, he was browsing through the National Archives’ online World War II Prisoners of War Data File. As Holderness explained recently in an interview, the usual scholarly method of inquiry is to shape questions first, and then seek data for illumination. Joined by Jeffrey Pontiff, holder of the James F. Cleary Chair in Finance, Clifford took the opposite tack. With the POW data in front of them (augmented by the Archives’ World War II Army Enlistment Records), the two settled on a question: “Is a hierarchy that is optimal in one environment [the battlefield] still optimal in a related but different environment [a prison camp]?”
In an article forthcoming in the journal Management Science—”Hierarchies and the Survival of Prisoners of War during World War II”—Holderness and Pontiff examine the fate of approximately 123,000 Americans held by the Axis powers in 280 camps. One out of 10 prisoners died in these camps overall, most from starvation or disease, some by execution.
Posted today at Tikkun Daily.
Picture a world where politics is not so polarized. Imagine that the American people are flat out in favor of a plan that could lift more than a million of their neighbors out of poverty. And they’re arriving at this position not out of narrow self-interests—most Americans aren’t poor—but for essentially moral reasons. Actually, not much imagination is required. At least not when it comes to public opinion on a perennial issue: the minimum wage.
For decades, polling has shown support for a higher minimum wage ranging somewhere between unambiguous and unbelievable. In November, a Gallup survey found that 76 percent of the people would vote for a hypothetical national referendum lifting the bottom wage to $9 an hour. That’s $1.75 more than the current federal minimum; it would also be more than any increase ever passed by Congress. Last summer, a less independent poll conducted by Democratic-leaning Hart Research Associates found eight in ten Americans flocking behind a $10.10 per-hour minimum wage.
Try to identify a considerable subgroup of American opinion that’s content with the $7.25 regime. You’d think, for example, that self-identified Republicans would want to either freeze the wage or tamp it down. You would be mistaken, according to the Gallup breakdown: Republicans favored the $1.75 hike by an unmistakable 58-39 percent margin. Meanwhile, in a previous Gallup poll, the support among self-identified “moderates” was rather immoderate (75 percent). ...read more
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What a CEO can Teach a Pope
“Someone, somewhere has a better idea”
In the days leading up to the election of Pope Francis, Thomas J. Reese, a noted Jesuit priest and scholar at Georgetown University, was widely quoted as saying that the next successor to Saint Peter needs to be “Jesus Christ with an M.B.A.” That’s a colorful way of putting it, and probably not many Roman Catholics would want a Vicar of Christ to talk like a VP of Strategy. It would be more than curious to hear a papal address about the church’s “core competency” or its need to “ideate” and achieve “synergy.”
Still, Reese’s point is well taken.
Off the Charts
Bang the violin, beat the piano—and lose the cowbell
At the end of a rehearsal for a December 10 concert in Gasson 100, conductor Stephen Drury nodded toward the 11 players—a mix of Boston College students and professional musicians—and declared, “That was a noisy, chaotic mess.” Coming from Drury, one of the foremost practitioners of avant-garde classical music, it was a compliment.
Failure to Communicate
The Vatican Diaries
After turning the last pages of The Vatican Diaries, I noticed an Associated Press item that began, “The Vatican praised President Barack Obama’s proposals for curbing gun violence.” The report was based on a radio commentary by the Vatican press secretary, Frederico Lombardi, S.J., on Jan. 19. Those who read John Thavis’s vivid recollections in The Vatican Diaries will have cause to be at least initially skeptical whenever they hear that “the Vatican” said this or that definitively about anything.
Recently retired as the longtime Rome bureau chief of Catholic News Service, Thavis argues that the popular image of the Vatican as a monolith, eternally on message, is a myth. On the contrary, it “remains predominantly a world of individuals, most of whom have a surprising amount of freedom to operate—and, therefore, to make mistakes,” he writes.
Re-enter Father Lombardi.