INSTANT MBA: There Is No Such Thing As Failure

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Tuesday, June 19, 2012 Advertisement Today's advice comes from Richard Sandor, CEO of Chicago Climate Exchange, via WSJ: "We have a peculiar philosophy within the company. There is no such thing as failure, we only view things as clinical experiments." To demonstrate his point, Sandor used the drug Salvarsan — also called compound 606 — as an example. Compound 606 predates penicillin and was used to treat syphilis in the early 1900s. According to Sandor, the drug got its nickname after its creator failed 606 times before getting it right. Perseverance is an important factor when reaching towards a goal and Sandor believes that failure cannot be viewed as the end of a project. "Leadership and inventive activity require the perspective of clinical trials as opposed to success or failure." Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email. Please follow Careers on Twitter and Facebook. Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Careers RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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Cheat Sheet - What Happened to Macaulay Culkin?

Today: Attorneys: Police Shared Details , Reports: Mubarak Clinically Dead , Dimon: ‘We Don’t Gamble.’ June 19, 2012 CHILD STAR 1. What Happened to Macaulay Culkin? The Home Alone star has all but vanished, except for a monthly party that he DJs in Manhattan. The Daily Beast’s Ramin Setoodeh went and found a roomful of adults in Jurassic Park costumes. Read it at The Daily Beast SANDUSKY 2. Attorneys: Police Shared Details Jerry Sandusky’s defense revealed a new play on Tuesday, asking investigators questions that took aim at what details law enforcement may or may not have shared in their interviews with the former coach’s accusers. Sandusky attorney Joe Amendola went after two investigators for the state police, asking about whether or not they had told accusers about others who had made allegations of abuse against the former Nittany Lions legend.  “In some of our interviews … we did tell them,” Cpl. Joseph Leiter, a retired investigator, testified on Tuesday. “Each of these accusers was very, very seriously injured, and very concerned, and we had told them … that they wouldn’t be alone, that there were others.” Read it at Sports Illustrated CRITICAL 3. Reports: Mubarak Clinically Dead Disgraced former Egyptian president Hosni Mubarak is clinically dead after arriving at a Cairo hospital Tuesday, state news reported. The 84-year-old Mubarak was sent to the military hospital in the Egyptian capital Tuesday after having a heart attack and a stroke, according to state media. Mubarak was given a life sentence in June for complicity in the killing of protesters during last year's Arab Spring uprisings. Reuters reported that sources, including one in the hospital, told the news agency that Mubarak's doctors had declared him clinically dead.The Washington Post reported that Mubarak's lawyer said the former leader was not dead. Read it at CNN ECONOMICS 4. Dimon: ‘We Don’t Gamble.’ JPMorgan Chase CEO Jamie Dimon was back for round two on Tuesday, defending his company's $2 billion trading loss before Congress. The House Committee on Financial Services has been tough on Dimon this week. “Is gambling investing?” Rep. Gary Ackerman asked Dimon. "We don’t gamble. We do make mistakes,” Dimon replied. Dimon also said he was "dead wrong" when he dismissed reports about trading losses as a "tempest in a teapot." The executive was less humble when it came to his opinion of global economic regulation. "To a hammer, everything is a nail," Dimon said. "You guys can do what you want." Read it at Forbes New Americans 5. Asian Immigrants Outnumber Hispanics President Obama's been accused of making swift moves on immigration simply to win over the massive and influential Latino vote. But, according to a new Pew Research Center survey, Hispanics aren't even the biggest immigrant group in the U.S. anymore! It's Asians. Yep, approximately 430,000 Asian immigrants made their way to the United States in 2010, making up 36 percent of the new immigrant population compared to Hispanics' 31 percent. Asian-Americans are generally Democratic leaning, and 54 percent of Asian-American voters surveyed said they approve of President Obama's performance—that's 10 percent more approval than he's getting from the general population these days.  Read it at Politico VEEP STAKES Report: Rubio Not Being Vetted Sources say he has not been contacted by Romney camp. FREE MAN Ravi Released From Jail Served 20 days. FASHION SLAVE Adidas Pulls ‘Shackle’ Sneakers After racism uproar. POP-ARAZZI Alec Baldwin Punches Photog While getting marriage license. BREAKUP Johnny Depp, Vanessa Paradis Split After 14 years. GET The Cheat Sheet A speedy, smart summary of news and must-reads from across the Web. You'll love the featured original stories on politics, entertainment, and more from The Daily Beast's diverse group of contributors. GET The Yes List Weekly cultural recommendations from The Daily Beast. Neo-Nazis Rise in Greece by Barbie Latza Nadeau First Move Toward a Syria Intervention? by Owen Matthews The Year’s Best Movies So Far by Marlow Stern

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