From the category archives:

Credit Crunch

Life on the farm

by Carl Frederik Waage Beck on marts 26, 2011

Springtime on Bornholm

We have finally set up camp. Not only that, I have committed to start in a new position as the social marketing guy at destinationen. It’s the perfect crime – doing what I love and getting paid for it. What’s more, the product I’m selling is the island I love – Bornholm.

Bornholm has had a tough time ever since the primary industry, fishery, shut down during the 80s. Several other major work places are now gone, tilemaking closed,  agriculture has become machine run. The population peaked at fifty some thousand after WW2, but is now around 43000 and diving.

Tourism accounts for just shy of 9% of the local economy and unemployment fluctuates wildly between winter and summer when most of the temp jobs are available.

Tourism, and its derived effects, is now one of the main job creators. Boosting tourism and attracting visitors is therefore one of the best ways of making the local economy grow organically. I’m proud to be a part of this mission, and I draw huge motivation from it.

What else could be done to boost Bornholm?
Take a look at the swedish island of Gottland. The Swedes have a better understanding of what it takes to sustain the outer rims of their country. Massive subsidies of transportation, mainly ferries, placement of higher education institutions have made it more attractive for businesses to settle and for high school graduates to stay put.

Sure help from parliament would be instrumental, but as they say, change starts from within. I’m going to work on April 4th.

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The lure of big business

by Carl Frederik Waage Beck on oktober 4, 2009

I am thinking back at my time in business school, and the roadshows given by big corporations to ensure a steady supply of young applicants.

The HR policy of big business seems to be based around a concept similar to the game show Survivor:

1. Establish a reputation for excellence and competitiveness.

2. Rely on a global and prestigious brand.

3. Hire 3-4 times the number of fresh business school graduates needed.

4. Haul the newly hireds through 100+ hour workweeks doing mindnumbing tasks.

5. Weed out those with too much selfish desire to have a life.

6. Promote those that are still loyal to the company.

Repeat as needed.

Sideeffects include: wrecked family life, acute stress disorder, corrupt corporate leadership.

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Invitation to the exhibition “Bottom out?”

by Carl Frederik Waage Beck on juli 31, 2009

Just Another Gallery

inviterer Dem med ledsager til


“Bottom Out?”

“Inverted Girl” from Artworks by Carl Frederik Waage Beck

Phrasal Verb: [bottom out]: To descend to the lowest point possible, after which only a rise may occur…

See: U.S. subprime mortgage crisis.

bot·tomn.: The trousers or short pants of pajamas. Often used in the plural.

Informal:The buttocks.

Fredag d. 2. Oktober 2009

kl. 18.00-20.00

Der vil blive serveret vådt og knastørt.

Nye malerier af:


Med venlig hilsen

Carl Frederik Waage Beck

Udstillingen er herefter åben: 3. Oktober – 8. Oktober kl. 16:00-19:00

Just Another Gallery har denne gang til huse i:

Oehlenschlægersgade 53A – 1663 København V

Tlf. 30244442

Vis stort kort

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The Danish FSA is currently looking into the case of Roskilde Bank which went backrupt in August 2008.
Niels Valentin Hansen acted as the CEO of Roskilde Bank before the books were opened and it became apparent to all that the bank was going to crash lest the Danish Central Bank step in.

“Red Banker” from Artworks by Carl Frederik Waage Beck

It has long been common practice in danish banks Including Roskilde Bank to offer favourable loans to clients who chose to invest by buying stock in the bank. This was a very nice way of propping up the share price of the bank, and the option-based compensation schemes offered to CEOs meant that this practice was obviously not frowned upon by the bank management.

January 18th saw the agreement of a new DKK 100 bn bank-bailout plan as well as a ban on any new stock-option schemes.
Yesterday, February 4th. Barack Obama signaled a similar move in Washington.

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Greed or Diligence

by Carl Frederik Waage Beck on januar 30, 2009

Having followed the verbal onslaught of Finn Nørbygaard on famed fraudster Stein Bagger through the lookingglass of the tabloids Ekstra Bladet and BT, the time has now come for a final showdown:
“Paintball: Finn vs. Stein”

A few questions for you to ponder, please share your comments:
Was Finn diligent in choosing to leverage his investment so heavily in IT factory?
How will Finn capitalize on his losses?
Will we once again wince, watching his wit wither away on the wire?
Where does Greed end and Diligence begin?

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