Oregon Coast

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Saturday, April 01, 2006

The state’s fishing industry and coastal fishing communities will face an economic loss of $40 million if a recommendation to close both the commercial and sport salmon fishing season is approved in April. The proposal, recommended by the National Marine Fisheries Service to the Pacific Fishery Management Council, would shut down the fishing season for salmon between Cape Falcon and Point Sur, Calif. The closure is to protect the dwindling Klamath River fall chinook. Glen Spain, Northwest regional director of the Pacific Coast Federation of Fishermen’s Associations, said the hardest-hit communities would be Coos Bay, Brookings and possibly Newport and Florence. He added that many in the fishing industry are already looking for alternative work because the closure seems almost certain.

 

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Old power works like a currency. It is held by few. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven. It downloads, and it captures.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. It uploads, and it distributes. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay. 

Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.

New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”

That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!

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