With the large scale global economic turmoil underway for close to five years I am totally confused. Not because it impacts me in a direct way but because I am not sure why people are tolerating public instituional leader salaries that get paid out.
Here are a few examples -
International Monetary Fund - IMF - what does their MD do? Its a French woman who seems nice on camera but what exactly does she do to deserve a $400K annual salary? (TAX FREE).
WORLD BANK - newly elected Korean American that runs this entity also a government elected official. What exactly is the World Bank's role these days? What does he do?
European Central Bank or ECB - this is a new one to me - I am not sure what they have done in the past and what their current charter is but whoever is running it is as clueless on what to do than the jokers that make up the private banks in Europe.
EU head followed by the heads of the large federal institutions incuding the USA. Then come the slew of governing or regulatroy bodies in all the developed world including more acronyms like FINRA, SIPC, NASD, SEC and other alphabet soups.
The truth of the matter is that people have been and continue to be encouraged to spend without showing good collateral or ability to pay their debt back. This in turn leads to growing debts all over the world with nary a clue as to how this actually gets paid.
So why do these bloated entities survive?
This time for a tech conference in the realm of what else? AI. But applied to an oft neglected space called Knowledge Management. The latter is a community of practice that focuses on analyzing, organizing and making available reams of data that have been gathered over time by various functions within an organization for anyone in the company to utilize. This function or process is ripe for applying AI agents (or agentic AI framework) and optimize for better outcomes. It was informative. More rewarding was getting acquainted with folks who practice this craft as well as learning of what they see in the corporate or public sectors. Since the venue was Washington DC it also afforded me the chance to take evening strolls albeit the weather was trying. With wind chill in the single digit it still is a glamorous place to perambulate through history absorbing what this country has been through since its founding days. I was able to visit the place Lincoln was killed along with his monument t...
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