Leaders articles

Improving the economies of words

Improving the economies of words

In the beginning of human expression, technically speaking, there was the pictogram. The marriage of image and meaning, irrespective of the degree of abstraction involved, is how communication can be kept “on record”. Where glances and body language cannot be preserved without comparatively extensive technology, words and pictures codify human history. In this sense, it

A magazine to be proud of

There’s plenty we’re proud of after 200 issues of publication. We’ve worked with hundreds of talented people and have honored a commitment made in our first editorial from September 1998 to provide high quality business reporting in Lebanon. In that editorial, we noted, “This issue is our first step in playing a part in Lebanon’s

Lebanon’s flawed acquiescence

Sometimes it’s good to learn from history. It was the year 1075 and the Holy Roman Empire, ruled by German king Henry IV, stretched over much of central Europe. As ruler of the Empire it was Henry IV’s divine right to ordain bishops and other clergymen, an authority that the new pope Gregory VII, a

Rehabilitation first

The opening crawl of the movie “Reefer Madness” served as a morality tale to parents of the Silent Generation: “…the new drug menace is destroying the youth of America in alarmingly increasing numbers. Marihuana [sic] is that drug – a violent narcotic – an unspeakable scourge – The Real Public Enemy Number One!” The narrative

Leader in ethics, leader in managing wealth

Absolute discretion; the strength of character that engenders trust; the emotional intelligence that enables one to gauge a client’s needs, wants and insecurities; and a keen financial mind. Such are qualities that distinguish a top private banker. These qualities, or at least their appearance, have for eight centuries opened the doors of the wealthy and

The ABCs of the 123s

Finance is a complicated topic to understand. The jargon and math don’t help. Top employees of Lebanese lending institutions have admitted to Executive that even some bankers cannot define an annual percentage rate (APR). Look it up on Wikipedia, and you’ll no doubt be researching more new terms (such as nominal APR and effective APR)

A 5,000-year opportunity

“This Agreement… aims to strengthen the global response to the threat of climate change, in the context of sustainable development and efforts to eradicate poverty, including by: (a) Holding the increase in the global average temperature to well below 2 °C above pre-industrial levels and to pursue efforts to limit the temperature increase to 1.5

Recycling history

We are being governed incompetently. 2015 proved that. Not only did the government’s handling of waste management allow one of the country’s worst environmental disasters to unfold, but it is replicating bad decisions it made nearly 20 years ago. In 1997, the cabinet gave one local company a monopoly on most of the nation’s waste

Jbeil’s power pursuits

In 2010, everything was looking up for Lebanon’s electricity sector. Gebran Bassil, then minister of energy and water, had put forth a master plan that by 2015 would have delivered 24 hours of uninterrupted electricity generated cheaply by clean burning natural gas. The plan, needless to say, did not fully materialize, leaving individual areas to

A rubbish decision

Lebanon has never gotten nation-wide waste management right. In 1971 the government hired a local consultant to help write a plan for treating and disposing of the country’s waste, according to the consultant’s website. While the company declined an interview request, the existence of hundreds of open dumps around the country attest to the fact

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