As we move back into in-person networking events, MEIA’s annual Emerging Ideas conference covered many pressing environmental issues from the recent COP26 commitments to Covid recovery, from carbon markets to continuing Indigenous communities’ successes and ongoing challenges. The conference title “NET-Zero Future: Investing in Sustainability” suggests the goal and the path to success. If we are to achieve net-zero, we must invest. The “Perspectives from the Next Generation” panel proved that the current crop of Environmental Studies students are information and solution-oriented, creating a cautious optimism so long as the imperatives of change are met.
On National Tree Day, September 22, the Telpay Trees Fall 2021 campaign kicked off with the ceremonial planting of a Manitoba Maple tree on the grounds of the Manitoba Legislature in honour of Manitoba’s 150th anniversary. Premier Goertzen and the Honorable Ministers Guillemard and Cox picked up the shovels as well as Telpay CEO Cora Jalonen and Telpay founder, Bill Loewen. With the Golden Boy overseeing the activities, it was a beautiful sunny fall day to gather together in such a special way.
My involvement with computers goes back to the early 1950s. I was assigned to work on the audit of Trans Canada Airlines (now Air Canada). They had advanced unit record equipment for the time. Eighty column cards with holes punched in them were the data media. Plug boards, sometimes called spaghetti boards because of the complicated wiring, were the equivalent of computer programs. Sorting machines could turn a deck of punched cards into something close to a data base. Mostly the combination of parts printed, added and subtracted numbers in varied sequences. Multiplication and division functions required special control boards. That approach to data processing was almost the exclusive domain of IBM. They didn’t call it a computer but that may have been because they were working on a fully electronic computer and thought they could divert attention from that effort. In fact they were embarking on a series of developments that lead to the famous 360 series that dominated the computer scene for many years.
But other developments were taking place along side the business systems where IBM was focused. The experience of working with some of them has had a significant impact on my own career. In the early 1950s there was a simple computer called an LGP30. This unit used ticker tape for input of data and loading programs. The computing function consisted of what we now call a central processing unit (CPU) and a rotating drum on which the program was stored as well as any data the program had to read or write to. These were stored in the form of magnetic on or off signals that the CPU could interpret. In operation, the drum rotated so that the the CPU could execute program instructions sequentially and store results elsewhere on the drum as instructed by the program.
Lesson 1. The LGP30 provided clear lessons in how computers function.
A while later when working for a firm of architects, I had the opportunity to talk the partners into investing in an LGP30. A very bright member of the structural division of the firm, Adolf Berg, took an interest in it and quickly learned how to program it. The firm had a project on the books to design a large office building. Adolf decided to program the structural calculations for the building. As the firm worked through various design possibilities, Adolf would recalculate the structural requirements very quickly saving hours of engineers’ time. When the project was put out to tender the structural cost came in substantially below estimates. This was very pleasing to the owner but not so much for the architects. Their fees were based on a percentage of the cost of the building.
There is a great similarity between the creative artist and the entrepreneur. Each must know their craft thoroughly or will drift into mediocrity or failure. Each must have infinite patience and infinite stamina. Both will be poor until accepted by the public. With success, both will have the most fulfilling lives of any profession. Here are some maxims that I have found useful.
1. Whenever conventional wisdom says you shouldn’t do something, that is very likely exactly what you should do.
2. Business is not about taking risks… it is about minimizing risks.
3. When you do take risks, do so from a position that allows you to survive if the risk fails. Never bet the company.
4. The small business can always beat the large business by being more flexible, knowing the market better and taking advantage of change sooner.
5. Starting a business and making it run well is an intellectual exercise of the most demanding kind.
My first experience in “industry” as opposed to the “profession” of chartered accountancy was at Winnipeg and Central Gas Company. One of the senior executives there made the statement that, “The purpose of business is to make as much money as possible this year without spoiling the chances of making more next year.” That can be a useful guideline in most situations, crude though it may seem if taken the wrong way.
One of the easiest ways for a corporate executive to increase profits by ten percent is by reducing corporate taxes by ten per cent. So businesses put on great pressure for governments to do so. One of the happier occasions of my life was having to pay corporate taxes. I continue to be quite satisfied to be a taxpayer.