Author: kempton

  • Old mice run faster with supplements

    An excerpt from CBC News “Old mice run faster with supplements” (with video),

    Researchers at McMaster University in Hamilton have developed a cocktail of ingredients that forestalls major aspects of the aging process in mice.

    Generally, aging diminishes the mind and compromises physical capacity.

    David Rollo, a professor of biology at McMaster has found a cocktail of 30 dietary supplements such as B vitamins, vitamin D, ginseng and garlic counteracts symptoms of aging in mice.

    The experiment was prompted by research that suggests single vitamin and antioxidant pills don’t work. The researchers wondered if mixing the ingredients would.

    Rollo said the results were profound, as not only were the mice twice as active, they also seemed to get smarter.

    OK, so everything and the kitchen sink works in mice.

    Questions:

    1) Will this translate well to human?

    2) What things in “everything and the kitchen sink” work? And why?

    Ref: David Rollo’s research, McMaster University

    Filed under: Canada, CBC, Health Sciences & Medicine, Healthcare, Science, Video, World

  • Toyota President Akio Toyoda to visit China on Monday

    An excerpt from AP,

    “Toyota President Akio Toyoda will speak in Beijing on Monday about the company’s recent quality woes, Toyota said Sunday, in an effort to reassure consumers in the world’s biggest auto market.

    Toyoda, who testified at a U.S. Congressional hearing last week about the spate of global recalls plaguing Toyota Motor Corp., will speak to reporters at a Beijing hotel, company spokeswoman Ririko Takeuchi said.”

    Filed under: Business, ethics, Japan, Love, Lovemarks

  • A Great Calgary Tea Party

    Palmiers (Bacon & Onion, Parmesan cheese, Poppy seeds sugar)

    Macarons

    Chocolate Croissants

    Margaret and Cher, my two great friends/MBA classmates, my better half and I had a lovely tea party and chatted an afternoon away. Cher, our fantastic pastry chef today, made five different tasty things for us to try. And we even learned a few baking tips from Cher.

    Cher’s lovely Macarons (not too sweet, unlike the too-sweet-to-enjoy store bought stuff)Chocolate Croissants & three types of Palmiers (bacon & onion, Parmesan cheese, Poppy seeds & sugar).

    Here is a video of Cher explaining her modified (less sweet) Macarons.

    Filed under: Alberta, Calgary, Canada, food, Love, people, Video, YouTube

  • 8.8-magnitude earthquake in Chile

    My thoughts are with the people of Chile.

    News report from CBC, Wikipedia.

    Filed under: people, World, World Affairs

  • Kempton’s notes & “insights” on Warren Buffett’s 2009 letter to shareholders & BRK annual report

    Go ahead, download a copy of Warren Buffett’s letter to shareholders & BRK annual report and read it. I will never advise my readers of what stocks to buy or at what prices, I believe it is the readers’ job. If people want to invest their money and receive the associated gain/lose as a result, it is only fair that they are responsible for their investment actions.

    But to me, reading Warren Buffett’s letter is a FREE exercise of the brain one should engage our minds once a year if we can. And I am fully aware that great investor of Warren’s success and one who is so willing to share his insights (in a way with minimum agenda) will likely not come by for a long time (or in my lifetime). So I treasure the pleasure in reading Warren’s letter every year.

    The following are my notes and “insights” on Warren Buffett’s 2009 letter to shareholders & BRK annual report. This article will be updated frequently today and the next few days as I get a chance to read more. Come back often to check.

    *** Page ref are based on the printed page numbers. Emphasis added. ***

    Note: I am reading in a “random” manner” so you will see my comments appearing out of sequence. I will try to read both the letter (pg 1-22) and the MD&A section (pg 61-94).

    *** pg 15 – When it’s raining gold ***

    “We told you last year that very unusual conditions then existed in the corporate and municipal bond markets and that these securities were ridiculously cheap […] Big opportunities come infrequently. When it’s raining gold, reach for a bucket, not a thimble.” [Kempton: Of course, the challenge and the wisdom is in recognizing “big_and_solid” opportunities and not just “big_and_wishful_thinking” opportunities. (smile)] [HT Alex]

    *** pg 16 – Risk Control ***

    Charlie and I believe that a CEO must not delegate risk control. It’s simply too important. […] If Berkshire ever gets in trouble, it will be my fault. It will not be because of misjudgments made by a Risk Committee or Chief Risk Officer.”

    “[…] CEO bear full responsibility for risk control. If he’s incapable of handling that job, he should look for other employment.

    “CEOs and, in many cases, directors have long benefitted from oversized financial carrots; some meaningful sticks now need to be part of their employment picture as well.” [Kempton: I LOVE to see this happen but I also know this is going to be very tough or impossible to implement. But heck, it is a worthy goal and objective and we should give some serious thoughts into this.]

    *** pg 16 – “An Inconvenient Truth (Boardroom Overheating)” ***

    “Imagine, if you will, Company A and Company B, of equal size and both with businesses intrinsically worth $100 per share. Both of their stocks, however, sell for $80 per share. The CEO of A, long on confidence and short on smarts, offers 11⁄4 shares of A for each share of B, correctly telling his directors that B is worth $100 per share. […]” [Kempton: A simple and easy to understand lesson. Read and learn.]

    *** pg 17 – “Don’t ask the barber whether you need a haircut.” ***

    “When stock is the currency being contemplated in an acquisition and when directors are hearing from an advisor, it appears to me that there is only one way to get a rational and balanced discussion. Directors should hire a second advisor to make the case against the proposed acquisition, with its fee contingent on the deal not going through. Absent this drastic remedy, our recommendation in respect to the use of advisors remains: “Don’t ask the barber whether you need a haircut.”” [Kempton: I remember reading in Lee Iacocca‘s autobiography, he would find some of the best minds in Chrysler to argue against the action the company planned to take to get a proper analysis of the situation.]

    *** pg 17-18 – “teenage boys who had just discovered girls” ***

    Naturally, our fellows caved in and agreed to this value-destroying deal. “We need to show that we are in the hunt. Besides, it’s only a small deal,” they said, as if only major harm to shareholders would have been a legitimate reason for holding back. Charlie’s reaction at the time: “Are we supposed to applaud because the dog that fouls our lawn is a Chihuahua rather than a Saint Bernard?

    The seller of the smaller bank – no fool – then delivered one final demand in his negotiations. “After the merger,” he in effect said, perhaps using words that were phrased more diplomatically than these, “I’m going to be a large shareholder of your bank, and it will represent a huge portion of my net worth. You have to promise me, therefore, that you’ll never again do a deal this dumb.”

    Yes, the merger went through. The owner of the small bank became richer, we became poorer, and the managers of the big bank – newly bigger – lived happily ever after.” [Kempton: Too many CEOs have “lived happily ever after”.]

    *** pg 18-20 – The Annual meeting ***

    Read Warren, the man who LOVES to sell, in action in these pages. I had fun reading his words. I wonder what is the additional sales made at the annual meeting? How profitable to BRK is the annual meeting? And I finally realize why there will likely NEVER be a live webcast of the annual meeting! I won’t rob people of their fun in shopping BRK!

    I LOVE the opportunity to send in questions to journalists. Last year my question was picked (thanks Carol). I will see if I have something I want to ask this year.

    ***

    Disclosure: I own some BRK.

    Filed under: Business, GreatMindsOfOurTime, investment, people, united states, Warren Buffett, World

  • Calgary Tea Party with Pastry Chef Cher

    Items: Macarons, Palmiers, & Chocolate Croissants.

    Pastry Chef: Cher

    Thanks Cher!!! We are so much looking forward to the tea party this afternoon.

    P.S. Just for fun and to set up a very unfair and imaginary competition, here are some pix of Pierre Herme.

    Erin-06-Pierre-Herme-Macaroons

    Erin-05-Pierre Herme world famous shop in Paris

    Erin-07-Pierre-Herme-Paris

    Filed under: Calgary, Canada, food, Love, people, Photography

  • When CEOs Have Warren Buffett in Their Boardroom

    Have a read of this insightful Businessweek article by Alice Schroeder (author of biography of Warren Buffett “Snowball“), “When CEOs Have Warren Buffett in Their Boardroom – What’s it like to have America’s greatest investor as your shareholder? Buffett’s biographer talks to CEOs who know“. Here is an excerpt (emphasis added),

    Who wouldn’t love to pick up the phone and ask Warren Buffett for advice? People have spent more than $1 million just to have lunch with the man. He was voted the most admired corporate director in America by Directorship magazine in 2008. Chief executives of companies he has a stake in laud his patience, foresight, and ability to capture the essence of a complex financial situation in just a few words. They also like the fact that he usually leaves them alone as long as they’re getting the job done.

    Sometimes Buffett emerges from behind his desk and shows a side of himself that’s far less familiar. When he sees something he doesn’t like in a company whose shares he owns, the famously passive investor can swing into action to protect his investment—jawboning behind the scenes, scolding, cutting opportunistic deals, even hiring and firing CEOs. For some of those on the receiving end of his activism, it can feel a bit like being attacked by Santa Claus.

    Also download and listen to this podcast (mp3 audio)where,

    Jim Ellis talks with Alice Schroeder, author of The Snowball: Warren Buffett and the Business of Life, about how the super-investor oversees the CEOs of companies in which he invests.

    Filed under: Business, investment, people, Warren Buffett, World

  • What Peter learned from his dad Warren Buffett

    Great BusinessWeek article “What I Learned from My Dad – When his youngest son decided to become a musician, Buffett offered moral but not financial support“. Here is an excerpt (emphasis added),

    One of my father’s often-quoted tenets is that a parent, if he has the means to do so, should give his children “enough to do anything, but not enough to do nothing.” A head start is fine; a free pass is often a crippling disservice. When I turned 19, I received my inheritance—proceeds from the sale of a farm, which my father converted into Berkshire Hathaway (BRK.A) stock. At the time I received them, the shares were worth roughly $90,000. It was understood that I should expect nothing more.

    So—what to do with the money? I was a student at Stanford University; there were no strings attached. Fortunately, I’d had the advantage of seeing my older siblings burn through most of their cash; I didn’t want to follow down that path. At the other extreme, I might have done absolutely nothing with that stock—just left it in an account and forgotten about it. If I’d picked that option, my shares would now be worth around $72 million. But I didn’t make that choice, and I don’t regret it for a second. People think I’m either lying or crazy when I say this, but it happens to be true, because I used my nest egg to buy something more valuable than money: I used it to buy time. [Kempton: Time is the greatest equalizer in life. No one, absolutely no one can buy time lost or buy more time.]

    It has not lost on me how Mr. Li Ka-Shing, the richest man in HK, had decided to bring up his two sons (see this biography).

    Filed under: investment, Love, people, united states, Warren Buffett, World

  • Inventors Eye from USPTO (United States Patent and Trademark Office)

    If you are an inventor or cares about the business of inventions and patents, I highly recommend you subscribe to the Inventors Eye from USPTO (United States Patent and Trademark Office). Here is the intro info from Inventors Eye (emphasis added),

    “Welcome to the first issue of Inventors Eye, a new electronic publication by the United States Patent and Trademark Office. Inventors Eye is for and about America’s independent and small entity inventor community. It is a community that has always been a vital and vibrant part of America’s invention heritage.

    Inventors Eye will appear every other month. Each issue will feature information you can use, tips on working with the USPTO; events, organizations and meetings of interest to the community; issues that impact independent and small entity inventors; and stories about people like you who have become successful inventors.We also want to hear from you with your ideas for stories and features that will enable us to better serve you through this publication.”

    You can start off by reading Under Secretary of Commerce and USPTO Director David Kappos’s “Open Letter to the Independent Inventor and Small Business Communities – Patent Reform: Good for Independent Inventors and Small Businesses“.

    And read about “Protect Your Innovation: Avoid Scams“.

    By the way, as part of my management consulting services, I work with entrepreneurs with cutting edge patented technologies. Having good patented technologies don’t guarantee success but it is a good start.

    [HT Dennis]

    Filed under: Business, Canada, Entrepreneurship, Law, patent, united states, World

  • Joannie Rochette’s world inspiring courage & strength

    Joannie Rochette won a bronze medal in figure skating (with video) at the 2010 Vancouver Olympics tonight. But Joannie has won hearts of Canadians (and the world) days ago when we heard of the tragedy of the passing of her mom Thérèse.

    I think we all learned from Joannie’s courage & strength that most of our “difficult” challenges will not be even remotely comparable to what you had to overcome.

    Congrats and thank you Joannie. Your father is so proud of you and I know your mom would been so proud of you as well.

    News from CNN and an excerpt from CTV “IOC president joins well wishers in Rochette support” (emphasis added),

    At an event to honour Olympic mothers at Canada Olympic House, dozens of Olympic moms past and present observed a moment of silence in honour of Therese Rochette after an emcee read a letter from Joannie.

    I never thought life could change so quickly, but it has,” Rochette said in the letter.

    “I’m fortunate enough to have a close family and friends that are helping me. I don’t know if I could have gotten to where I am today without these incredible people supporting me. I’m sorry I cannot be here with you tonight, but please know that I feel your love and support.”

    My thoughts are with you and your family and loved ones.

    Filed under: 2010-Olympics, Canada, Love, people, Vancouver, World

  • Slipping Cat – Now you see, now you don’t.

    This cat wanders around our neighbourhood all the time. Today, it was very naughty and climbed up our window and then it slipped and I laughed so hard. 🙂

    Filed under: Calgary, Canada, Fun, funny, Video, YouTube

  • Curling: The slowest game in Vancouver 2010 Olympics

    There are many games of speed (e.g. skeleton, luge, speed skating) in the Winter Olympics but one of the slowest games is probably Curling.

    The people who thought it is easy to throw a granite stone weighing 20kg has no idea the challenge and fun in the game. Curling is a game of great skills, strategy, and sometimes luck. It is is games of the tiniest margin. And how often can you something as tiny as a human hair affecting the result of a game?

    Canada women team just won its semi-final game against Switzerland and is going to compete for gold! Great job Cheryl Bernard and her Calgary team based in the Calgary Curling Club (established 1888).

    Go Canada Go !!!

    Filed under: 2010-Olympics, Calgary, Canada, people

  • Remotely Spying on Kids with School Laptops

    An excerpt from an insightful blog entry from Bruce Schneier “Remotely Spying on Kids with School Laptops“,

    “It’s a really creepy story. A school issues laptops to students, and then remotely and surreptitiously turns on the camera. (Here’s the lawsuit.)” [note: read more from Bruce’s entry]

    Filed under: ethics, Law, security

  • Erin Bolger “The Happy Baker” interview (with video)

    Erin-04-Paris

    (Cross posted as an examiner.com article.)

    In the season 5 episode 6 of Dragons’ Den the happy, humours, and driven Erin Bolger pitched her book “The Happy Baker – A Dater’s Guide To Emotional Baking” and made a $50,000 deal on TV with Calgary-based Dragon/investor Arlene Dickinson.

    See some photos here.

    The following are some highlights of what Erin and I talked about in the video interview,

    What lead Erin to write and self-publish the book? I asked if she has got any help in writing the funny bits in the book? For example, did she have a comedian friend to help her write?

    An update on Erin’s deal. On TV Erin & Arlene agreed to: $5,000 cash, $20,000 in travel miles, and $25,000 in PR services, in exchange for 30% of the proceeds from the book sales.

    How did Erin come up with the 300,000 copies sales target? Thats one out of every 100 Canadians! How far along has Erin reached the target so far?

    – We also talked about some of the recipes in the book. Here are links to the recipes for “My Mom’s Cupcake” and “ME + YOU – YOU = ICE CREAM COOKIE SUNDAE“. Both look very yummy.

    – We also talked about Erin’s Paris cookbook festival experiences. And her experience in visiting the world famous Pierre Herme shop in Paris.

    Filed under: book, Business, Calgary, Canada, Dragons’ Den, Entrepreneurship, InterviewByKempton, InterviewByKempton-Business, Marketing, people, Television, Toronto, Video, YouTube

  • Erin Bolger “The Happy Baker” interview is coming soon

    This reporter just had a most wonderful video interview with Erin Bolger (Erin pitched her book “The Happy Baker – A Dater’s Guide To Emotional Baking“ in the season 5 episode 6 of Dragons’ Den where Erin made a deal on TV with Calgary-based Dragon/investor Arlene Dickinson.

    It will take me some time to process the video and write the article, in the mean time, here are some photos.

    (All photos by Erin Bolger. Used with permission.)

    Erin-01-Pink-Hammer

    Erin-03-Computer-break-up

    Erin-02-autograph-in-Toronto

    The following are photos from Erin’s recent Paris trip.

    Erin-04-Paris

    Erin-05-Pierre Herme world famous shop in Paris

    Erin-07-Pierre-Herme-Paris

    Erin-06-Macaroons

    Filed under: book, Business, Calgary, Canada, CBC, Dragons’ Den, food, InterviewByKempton, InterviewByKempton-Business

  • Canada’s women curling team secures top spot

    I am so excited to read the CBC report, “Canada’s Bernard secures curling top spot“. As I wrote previously, lets not underestimate the Chinese women team.

    Go Canada Go !!!

    Filed under: 2010-Olympics, Love

  • Chinese Women’s Curling team at Vancouver Olympics

    What a big difference two years has made to the Chinese team! The Canadian team won two years ago and I wrote at the time,

    “I agree with Kent Gilchrist that we should “welcome global growth of curling, not fear it“. I think it is too narrow-minded to stop teaching other countries and helping them to be better players.”

    Now the Chinese Women’s Curling team lead by Bingyu Wang (skip) is kicking many team’s asses at the 2010 Vancouver Olympics including, unfortunately, the Canadian team.

    OK, it is painful to see our beloved Canadian team being beaten, but for the betterment of the sport, it is important to see other teams get better too.

    Go Canada Go !!!

    ***

    Feb 23, 2010 Update: Watch the Russia vs China (7-4) game online. End 3, first big mistake that compounded.

    For the record (Via WaPo, emphasis added) “Furious Chinese coach ready to walk away” By JANIE McCAULEY
    The Associated Press
    Tuesday, February 23, 2010; 12:56 AM

    VANCOUVER, British Columbia — Canadian-bred Chinese curling coach Dan Rafael is so furious with what he calls a lack of passion by his players he said he plans to quit coaching this group once his contract is up. [Kempton: If this is Dan’s way to motivate his team, it might have worked. Will see.]

    Rafael watched the reigning world champions lose 7-4 in a shortened nine-end match to Russia on Monday.

    His hands trembling because he was so angry, Rafael suggested the team should be broken up after about seven years together.

    “They have no passion for the game. It’s their job. They just take everything for granted,” Rafael said. “We didn’t show up. You just have to look at the stats to know. We beat Canada, and we don’t show up. They looked pretty amused. They think it’s funny for whatever reason – you’re at the Olympics. I’m furious.” [Kempton: A passionate coach may be what the Chinese team need to win gold. Yikes, I hope they don’t but I still believe, “may the best team win”.]

    Rafael’s remarks were news to the secretary general of the Chinese curling federation, Li Dongyan.

    When approached by The Associated Press during China’s men’s match against the U.S., Li said he hadn’t heard about what Rafael said. Rafael was sitting 10 feet away from Li during the game.

    “I don’t know. That’s not a question I can answer,” Li said when asked about Rafael’s future as China’s coach. “We don’t discuss it.”

    Chinese skip Wang Bingyu also said she was upset about how her team performed on the heels of a huge win against Canada on Saturday that sent skip Cheryl Bernard’s favored foursome to its first Olympic loss. The Chinese are 5-3 heading into their final match of round-robin play Tuesday against the United States.

    “Of course us, too, are so, so angry with this game,” Wang said.

    Rafael was headed to a team meeting to discuss what went wrong.

    “We’ve got to come out and play better than that last game,” he said. “Everybody is catching up to us now.”

    Rafael also referenced speculation that some players might walk away from curling after the Olympics.

    The Chinese team is made up of a former hockey player and three ex-speed skaters from Harbin. Wang, who goes by Betty, disagreed with her coach’s take that she and her teammates don’t care.

    “Of course we love curling,” she said. “Not many people know what’s curling. We don’t have a club, and we keep playing.”

    This isn’t the first time Rafael has spoken out during the Vancouver Games. Before competition began he disagreed with China’s decision not to make curlers available until after their first game.

    Despite his comments, Rafael said he thinks the curling federation there will keep him through June 30 when his contract is up. Then, he said, he will likely look for coaching work elsewhere.

    “What do you do? I’ll keep coaching to June 30, 2010,” he said. “It’s their decision. It’s their option. I don’t see why they would get rid of me. I’ve proven what I can do.”

    Filed under: 2010-Olympics, Canada, China

  • NBC Tribute to Canada!

    NBC Tribute to Canada!

    “Tom Brokaw explains the relationship between Canada and The United States, in a pre-recorded short film that aired on NBC prior to the Opening Ceremonies of the 2010 Winter Olympic Games in Vancouver, British Columbia, Canada on Feb. 14th, 2010.”

    [HT BMD]

    Filed under: 2010-Olympics, Canada, Love, Television, united states, Video, YouTube

  • The Lady Gaga zero-awareness-to-ubiquity time-warp

    For the record (emphasis added) from Adage, “Gaga, Oooh La La: Why the Lady Is the Ultimate Social Climber – Leveraging Digital Media and Creative Partnerships Makes Artist a Uniquely 2010 Pop Star”
    By Andrew Hampp
    Published: February 22, 2010

    LOS ANGELES (AdAge.com) — As far as breakout musicians go, few artists have had quite the zero-awareness-to-ubiquity time-warp of Lady Gaga. And as far as brands go, few marketers of any kind have leveraged social media the way she has to drive sales of their core product — in her case, albums and digital singles.

    Lady Gaga, with her army of nearly 2.8 million Twitter followers and more than 5.2 million Facebook fans, can move product. Since fall 2008, her digital-single sales have exceeded 20 million and her album sales hit 8 million, all at a time when no one under the age of 60 buys CDs anymore (see Susan Boyle breaking the record for highest first-week album sales last year). Now, she’s being courted by marketers to do the same for their products.

    Gaga’s rapid ascent to the pop-culture stratosphere is often compared to Madonna’s, right down to their shared beginnings in the downtown New York club scene before their big record deals. But what makes Gaga’s star status, particularly in the marketing community, so uniquely 2010 is that she has achieved as many milestones (if not more) in 18 months than her idol did in nearly a decade. Madonna’s notorious endorsement for Pepsi in 1989 — cut short after her controversial “Like a Prayer” video aired on MTV — came seven years after the debut of her first single in 1982. Within a year of her out-of-the-box rise to fame in September 2008, Gaga had already lined up Virgin Mobile as a sponsor of her Monster Ball tour; created her own brand of headphones, Hearbeats by Lady Gaga, with record label Interscope; and landed her own (cherry pink) lipstick as a spokeswoman for Mac Cosmetics’ Viva Glam, benefiting Mac’s AIDS fund. And by January, she was tapped by Polaroid to become the brand’s creative director, hired specifically to create new products and inject life into a brand that hasn’t been hip for years — save for maybe a popular reference in Outkast’s “Hey Ya!”

    Old school meets new media
    How did a 23-year-old singer/songwriter achieve so much in so little time? Two words: social media. Sure, Gaga had a fair share of old-school artist development — radio play — to become the first artist to score four consecutive No. 1 singles from a debut album. But she’s also put a new-media spin on her distribution strategy. The November premiere of her video for “Bad Romance,” for example, debuted on LadyGaga.com before MTV or any other outlet could play it — resulting in a Universal Music server crash, a Twitter trending topic that lasted all week and a cumulative 110 million (and counting) views on YouTube to date, more than any viral music video of yore (OK Go, anyone?) could ever claim. Vevo, a music video site co-founded by Universal Music Group, also recently reported a whopping 20% of its traffic came from just Lady Gaga videos — as in 1 in 5 videos streamed on the site was likely to be a song such as “Poker Face,” “Just Dance” or “LoveGame.”

    Gaga has already had a similar halo effect on her Mac Viva Glam lipstick. Less than a week into its launch, the lipsticks created by Gaga and her campaign cohort Cyndi Lauper have outsold any launch in Viva Glam’s 16-year history, said Estée Lauder Group President John Demsey, thanks to a groundswell of social-media impressions. The launch day of her Viva Glam lipstick ad campaign alone generated nearly 20 million unique views in traditional media, including print and web buys and an appearance on “The Today Show,” as well as an additional wellspring of social-media hits per Gaga’s tweets to her fans.

    Her fan base and our customer base are very similar in that they are drawn to the outrageous and outspoken, so we could not ask for a better partnership,” Mr. Demsey said.

    Taking credit for Gaga’s sudden assault of the zeitgeist is a relatively easy task, as all parties who work with her on her label, management and marketing teams cite Gaga herself as the ultimate brains behind many of her creative and social-media ideas and tactics.

    “When you’re dealing with someone as good as Gaga, a lot of it is how to stay the fuck out of the way,” said Steve Berman, Universal Music’s president of sales and marketing. “Gaga has worked tirelessly in keeping up daily if not hourly communication with her fans and growing fanbase through all the technology that exists now.”

    Gaga in control
    Troy Carter, Gaga’s manager since 2007, described their dynamic as “95-5.” “The only thing I do is manage the vision,” he said. “Ninety-five percent of the time I won’t comment on creative, and 95% of the time she lets me run the business. The other 5% is where we debate about things like, ‘Do you really want to bleed to death on stage at the [MTV] VMAs?’ She wins even when we do have those debates 5% of the time.

    Dyana Kass, who heads pop-music marketing for Universal, has teamed with marketing firms like Flylife for Gaga’s outreach to the gay community and ThinkTank to supplement her online efforts, but otherwise lets Gaga maintain a hands-on relationship with her fans and marketing empire.

    “Lady Gaga has truly turned culture on its head and has done so from the ground up on her terms,” she said. “You can’t buy that kind of authenticity, and as a result the demand for her involvement in projects is staggering.”

    Mr. Carter, who manages Gaga’s marketing partnerships, added that he doesn’t want Gaga to ever look like she’s endorsing a brand — hence why she’s created products for Universal’s Beats By Dre headphones line, Viva Glam and now Polaroid as its new creative director.

    You won’t see her face plastered on any packaging or anything. We’re comparing it to when Tom Ford went to Gucci or Steve Jobs went into Apple and brought a different thought process and taste level in. We’re looking for her to do the same exact thing at Polaroid,” he said. “It’s not about her putting her name on something — it’s reinvigorating a brand.

    ***

    Filed under: advertising, blogging, Business, Economics, Entrepreneurship, Fashion, insightful, Internet, Love, media, Music, people, social media, social network, Television, united states, Video, World, YouTube