Crime and Punishment

I was always told that one of the advantages of studying an undergraduate arts degree at a Scottish university was the sheer breadth of education you can achieve. So I'm glad to say that, during my undergraduate years, I took some intellectual detours from the Shakespeare and Chaucer courses that normally comprise a degree in English Literature to expand my horizons and delve into the depths of several off topic subjects including (unsuccessfully) studying Spanish, (very successfully) completing two years of an accounts degree and (more interestingly) a brief spell studying criminal law. 

So, while not quite rivaling Perry Mason in my depth of knowledge, I do have a fairly good grasp of what constitutes criminal behaviour. 

Which brings me to the recent case of Lord McAlpine versus the Member Population of Twitter (or at least some of them). 

Debates have been raging all week, online, on air and offline. Some people seem to think this is a matter for the freedom of speech zealots. Lord McAlpine has been quite clear: he's been falsely accused of criminal activity, his reputation and character sullied, and he intends to pursue all the individuals who have participated in this gang defamation of his, otherwise exemplary, good character. 

What many Twitter users seem to be struggling to grasp is that they are (wittingly or unwittingly) guilty of committing a crime. 

Twitter, as a medium, is a broadcasting platform. You don't choose your followers, they choose you. The only control you have, as the owner of a Twitter account, is whether or not to broadcast and you have ultimate editorial responsibility for the content of that which you do choose to broadcast. 

This means that, in law, you have exactly the same responsibilities as the (recently much maligned) BBC when it comes to broadcasting and spreading rumour, conjecture and speculation. 

The fact that, on this sorry occasion, the BBC was actually the source and catalyst for the rumour, conjecture and speculation just goes to show how much trust the British public have in their national broadcaster. That they have already settled matters with Lord McAlpine, swiftly and without resistance, says much for their sense of responsibility and corporate citizenship and is to be commended. 

As for the thousands of other "perpetrators" who are (hopefully) now looking at their preferred broadcasting platform with a new sense of awe and responsibility, they can only hope that Lord McAlpine will be merciful in his pursuit of justice. 

But the lesson must be learned: freedom of speech comes with responsibilities and if you act irresponsibly, whether it's in print, online or in person, you must and will pay the price. That price may even be with your own freedom, if it's deemed to be a serious enough crime. 

This is not cyber-bullying. We're not in the playground now. This is serious stuff. And it's long overdue in being brought to the surface for discussion. It's regrettable that its victim is a frail 70 year old man, who has had to bear the brunt of such terrible accusations in order for it to be brought into the national consciousness. Imagine if it was your Grandfather. How would you feel then?

For all the law abiding citizens of Twitter who are wondering whether their preferred social media platform is now a fast track passport to an already crowded prison system, as in life, a wee bit of common sense goes a long way:  if you would not be prepared to put the content of your tweet in full page advert in a national newspaper, step away from the keyboard and go and make yourself a cup of tea instead. 

Remembering

Human beings are used to being humbled.

Corporations not so much so.

And so it was, just a few minutes before the eleventh hour of the eleventh day of the eleventh month, an installation team arrived at my door from the doomed British retailer Comet to install my new tumble dryer.

A tumble dryer which I ordered online literally 4 hours before I heard on Twitter that the retailer was due to go into administration.

A tumble dryer which I thought I might never get.

A tumble dryer which I thought I might never get installed, even on the off chance I did eventually get it delivered.

A tumble dryer which, in the scheme of things, is of little consequence when 6500 people are facing certain redundancy just 5 weeks before Christmas.

These two men, who fully expect to be out of a job forever at some unknown point next week, stood in my kitchen at 11am and faithfully observed a 2 minute silence in remembrance of the fallen.

I hope, at their eleventh hour, that someone will also remember them.

Get In, Get Rich, Get Out

Groupon's Share Price Performance Over Last 9 Months

The entrepreneurial mantras are crisp and clear.

Cash is King.

A bird in the hand is worth two in the bush.

Sometimes the name of the game in business is to get in, get rich and get out.

Some entrepreneurs need to realise that they are not always building a long term, sustainable business. That their brainchild is simply a product of its times. And it has a short shelf life. A bit like cheese.

But knowing when to get out is what separates the successful serial entrepreneurs from their counterpart failures.

That's why I will always have the greatest respect for Julie Meyer who sold the two year old First Tuesday global technology investment network for a cool $33million. It wasn't worth that just 12 months later but, as an entrepreneur, she did her job and made the best deal. No doubt.

That's why I worry for Groupon's founder Andrew Mason. He may have missed his moment. Google offered him $6billion for the global network of daily deal sites a couple of years ago. A good deal by any standards.

Perhaps Andrew believed his deal had been discounted? Either way, it was rejected and now his company is worth less than a third of that price.

How ironic, then, is it that Andrew delivered a lecture at Stanford University in 2010 where he gave students 6 tips on how to get super rich.

Among his top tips are:

"You’re building a tool, not a piece of art. Don’t get blinded by vision."

and  "Quit now. Sometimes you have to let an idea go."
Maybe time he listened to his own advice?

Before it's too late.