Belmont University

October 06, 2009

Massey Named a Best Business School by Princeton Review

Best-Biz-School_seal Princeton Review.jpg We received official word yesterday that The Jack C. Massey Graduate School of Business has once again made Princeton Review's list of Best Business Schools. This honor is especially meaningful in that it is based in part on feedback from surveys of graduate business students across the U.S.

According to Robert Franek, Princeton Review Senior VP-Publishing, "We are pleased to recommend The Massey School to readers of our book and users of our site, www.PrincetonReview.com, as one of the best institutions they could attend to earn an MBA. We chose the 301 business schools in this book based on our opinion of their academic programs and offerings, as well as our review of institutional data we collect from the schools. We also strongly consider the candid opinions of students attending the schools who rate and report on their campus experiences at their schools on our survey for the book."

This is the fifth consecutive year that Massey has made Princeton Review's list, the latest 2010 edition of which hits newstands today. "It further demonstrates that we are in the company of the elite business programs in the U.S.," said Dean J. Patrick Raines.


September 28, 2009

The American Auto Industry Flow-Chart

AIFlowchart(small).jpgAll the recent changes in the American Auto Industry can be confusing. This flow-chart makes it easy to see who did what. After seeing this, I'm giving props to Ford. [mint.com via Autoblog via Jalopink]


June 22, 2009

Leadership and Integrity

JoeScarlett header.jpgOur good friend and Massey Board Member Joe Scarlett, in his Open Letter to business leaders, provides a wonderful reminder to all of us on the importance of "personal integrity" as we go about making life's daily decisions. I encourage you to check it out as you begin this new week.


June 09, 2009

A Financial History of the World

AscentOfMoney.JPG Are you tired of financial news? The past year provided a continuing stream of financial problems from the United States and around the world. It might be time to update your news perspective by looking at lessons learned from history. "The Ascent of Money" by economist, historian and author, Niall Ferguson, gives an alternative view of the historical antecedents of financial transactions that play into today's news.

"The Ascent of Money - A Financial History of the World" uses financial history as the backdrop for human progress, innovation, and change over the centuries. A simple definition of money as "the medium for exchange" is only the beginning of the story. The big story is neatly summarized by the author on page 341: "Today's financial world is the result of four millennia of economic evolution. Money - the crystallized relationship between debtor and creditor - begat banks, clearing houses for ever larger aggreations of borrowing and lending. From the thirteenth century onwards, government bonds introduced the securitization of streams of interest payments; while bond markets revealed the benefits of regulated public markets for trading and pricing securities. From the seventheeth century, equity in corporations could be bought and sold in similar ways.

Continue reading "A Financial History of the World" »


April 28, 2009

Vertical Integration and Monopolization

LiveNation_logo.jpg

The big news dominating the music business world over the last few months has been the proposed merger of entertainment-giant Live Nation Inc. and the largest ticket seller Ticketmaster Entertainment Inc., thereby creating Live Nation Entertainment, Inc. The merger is currently under review by the Federal Trade Commission for signs of monopolization of the entertainment industry. The biggest issue in the merger appears to be the size of each corporation.

Currently, Ticketmaster has a market share of 30% for all entertainment event ticket sales and 70% for all concerts. These ticket sales are completed through either the primary ticket sales company, Ticketmaster, or the secondary (resale) ticket sales division, TicketsNow. On the other hand, Live Nation estimates that it is three times the size of its nearest competitor in concert promoting, AEG.

Continue reading "Vertical Integration and Monopolization" »


February 12, 2009

Imagination is Key

Seven_Revolutions-200.jpgHave you considered how changes in Population, Resources, Technology, Knowledge, Integration, Conflict, and Governments affect our future? Erik Peterson, Senior Vice President of the Center for Strategic & International Studies in Washington, D.C. has attempted to forecast key trends in those seven areas past the year 2025. He presented his findings at the personal/professional growth convocation sponsored by the College of Business Administration on Wednesday, February 11, 2009. Mr. Peterson took us back in time and showed his audience how far we have come in each of those seven areas and projected each area into the future. How old will you be in 2025? What do you envision your life to be at that point?

Continue reading "Imagination is Key" »


February 11, 2009

Google Extending Brand to Energy Management

Google One Green Project Logo.gif Earlier this week, Google announced its latest plans for promoting its online "PowerMeter" tool, a move that demonstrates the company is extending its mission from information management to managing personal energy data.

The new Google tool, which builds on last year's partnership with GE for smart grid technology, will allow consumers to monitor their home energy consumption through placement of a smart electricity meter on a user's iGoogle home page. There's even a component tie-in to President Obama's proposed stimulus program. Check out the following video clip for a brief overview of the program:




December 16, 2008

“The World’s Most Influential Companies”

BusinessWeek’s “The World’s Most Influential Companies” report (Dec 22, 2008 edition) highlights ten companies leading their industries: Apple, Google, Huawei, JPMorgan Chase, Monsanto, News Corp., Saudi Aramco, Toyota, Unilever and Wal-Mart. I recommend reading the report. It is always helpful to consider what successful companies are doing right and think about how you might apply similar strategies to your own business.

A commonality among these innovators is the particular attention they give to the consumer, remaining cognizant of their needs and wants while continuously planning new ways to satisfy them. According to the article “A company’s physical assets are less important now than the force of its ideas. In the age of blogging and instant communication, consumers are less the recipients of corporate influence than powerful actors who help shape it.” So true. Working with the consumer is more important than ever as options abound and customer evangelism drives sales; they can be your greatest advocate or most dangerous foe. It is so important to talk with and really listen to them.

The report concludes by saying “Today, the best are trying to serve a global customer base while finding profitable ways to solve a range of societal ills.” I can’t help but think of the mission of Belmont’s College of Business Administration to prepare such leaders to do so.


November 26, 2008

Black Friday

To many, the celebration of Thanksgiving this week will ring in the hustle and bustle of the Christmas shopping season. Thursday will be spent enjoying delicious food and good times with family and friends, while bargain hunters rest up for an early morning of shopping on Friday. A few years ago, I decided to join in the early morning fun in hopes of purchasing a laptop. Though arriving in the wee morning hours, I still wasn’t there in time to be handed a voucher for the computer. I bought a digital camera instead.

According to Wikipedia, the term “Black Friday” originated in Philadelphia to describe the heavy traffic on the day after Thanksgiving. More recently, the term refers to the period in which retailers are in the black (profitable). Given the current economic situation, it will be interesting to see what happens this year as finding special deals is even more important while purse strings remain tight.

Enjoy the Thanksgiving holiday, and remember, some “Black Friday” savings are also available online!


November 25, 2008

Honda--Walking the Green Walk

honda green website.jpg [Authored by Isaac Lewis, MBA Candidate] The green movement has become a powerful force in today’s marketing environment. Automakers have recognized this trend and are steadily turning what could be considered a liability into an asset. With the rising costs of fuel earlier this year, the heightened awareness of carbon emissions’ impact on climate change, along with a lagging U.S. economy, caused car makers to struggle in attracting and retaining customers. Honda is reaching out to environmentally minded consumers in a variety of initiatives to address environmental and social concerns.

The company's outreach includes support of grass-roots (literally) programs and projects that focus on a healthy environment. In the process, Honda helps to build a sense of community and to create a buzz among those who share concern for the environment. For example, Honda promoted Keep America Beautiful’s Great American Cleanup through May 31 of this year by pairing its car dealers with thousands of volunteers to beautify streets, roads and highways. Company paid grants were awarded to those organizations that collected the most litter and recruited the most volunteers for the clean-up .

Continue reading "Honda--Walking the Green Walk" »


October 24, 2008

Aligning Corporate Vision to Market Opportunity

Sesame Street - Abbey Road.jpg [Authored by MBA Candidate Patrick Konyn] Can you tell me how to get to Sesame Street? This question is asked over a million times every day in over 120 countries around the world, including India, Egypt, South Africa and Kosovo. What started as an experiment in 1969 to help children from low-income families prepare for school, the Children’s Television Workshop, which later became the Sesame Workshop, set out to expand the medium of television from entertainment to a tool to help children learn (edutainment). Using market research instruments such as focus groups and visual tracking, researchers, educators, and child development experts were able to create a television show that could engage children and teach them as well. This was the genesis of Sesame Street.

Very early on, the producers of Sesame Street understood that they had captured lightning in a bottle. Clinical research documented that children watching Sesame Street were doing better in school than those that did not. Germany was the first country to show interest in collaborating with the Children’s Television Workshop to export Sesame Street. As Big Bird expanded across the Atlantic, the vision of the Sesame Workshop expanded to “make a meaningful difference in the lives of children worldwide by addressing their critical developmental needs.

Continue reading "Aligning Corporate Vision to Market Opportunity" »


August 28, 2008

Massey in China - Day Four - Arriving in Shanghai

May 20, 2008 - Written by Ryan Arthur

Good morning fellow train sleepers. Again much thanks to Dean Raines for the "soft sleeper". I personally didn't sleep that well, but I can't imagine having to sleep on the hard sleeper, or even the seats. Jennifer told us that Phoenix takes the trek on the seated cars when she goes back and forth between Beijing and Shanghai. Massive props to Phoenix for braving the seats.

We awoke this morning to the central train station in Shanghai. We were introduced to our new tour guide, Lily Sun. Unfortunately or fortunately for some, although Lily was the opposite sex as John, she apparently read the same joke book for Chinese tour guides.

Continue reading "Massey in China - Day Four - Arriving in Shanghai" »


August 27, 2008

Massey China Trip - The Rest of Day Three

May 19, 2008 - Written by Ryan Arthur

Ring Ring…Ni Hao. Well if you didn't believe in language barriers, after today you would have seen or heard that they indeed do exist. Today was our real immersion into the Chinese culture sans tourist stops.

Our morning began with a presentation from Cory Grenier, Marketing Project Manager at Lenovo. Lenovo is attempting to become the first Chinese company to be successful in the global market. And from touring their facility it is clear to see they have the capabilities of achieving this goal. With an extremely impressive automated warehouse, computerized inventory monitors, and computer aided manufacturing lines, Lenovo has an excellent infrastructure established that is similar to its non-Chinese competitors. What sets Lenovo apart from its Western competitors is their management style. In Western Management, the employee review process is kept private. Employees are reviewed by their supervisor behind closed doors so that employees are not embarrassed by poor performance. However, Lenovo implements a public review system. The Grape system, as referred to by our guides, allows for all employees to see how each employee is doing in relation to their fellow employees on a daily basis. This system coupled with Lenovo's new product line was an interesting view to the way businesses grow in China.

Continue reading "Massey China Trip - The Rest of Day Three" »


July 27, 2008

Carrefour, the French, er rather "World's" Wal-Mart

Carrefour-France.jpg[Authored by Jeffrey Williams, MACC Graduate] When I was working in the high school in Rennes, France, I lived one block away from a shopping mall, at the end of which stood the gargantuan retailer, Carrefour. It was so large that workers wore roller skates to get around inside. In French, the word “carrefour” simply means “intersection” or “cross-roads”. And, I remember being totally shocked that this Wal-Mart concept had migrated back to the old country. Such arrogance, it would seem, for thinking that the Americans had the idea first and that the capitalistic minds in France simply applied it to their way of life. This blog isn’t in response to any specific news item, but simply a reaction I have to seeing Carrefour, this major family-owned French retail empire, in the news recently.

Continue reading "Carrefour, the French, er rather "World's" Wal-Mart" »


June 25, 2008

“Bringing Ministry to the Marketplace”

Lead Like Jesus.jpgA new business chamber is forming in Tennessee — the TN Christian Chamber of Commerce. Its mission: to support the economic and spiritual growth of its members by providing networking, professional and spiritual development and community-building opportunities to affect change and make an impact for Jesus Christ in the marketplace.

Last month, I attended the “Faith in the Boardroom” kick-off event, featuring Apprentice Finalist Roxanne Wilson, and was encouraged by the presence of several local business leaders determined to live out their faith in their professions. Roxanne and Celeste LaReau, Executive Director for the TN Christian Chamber of Commerce, shared powerful testimonies that both challenged and inspired.

The TN Christian Chamber of Commerce has a few upcoming events scheduled, including a full-day seminar developed by “The One Minute Manager” and “Lead Like Jesus” author Ken Blanchard that will take place on August 1st at Belmont University. You may e-mail Celeste (celeste@tennesseechristianchamber.org) for more information.


May 05, 2008

Where Has All the Competition Gone?

[Authored by Jeremy Smith, MBA Candidate] As consumers, do we really have a choice when it comes to where and what we purchase? While most businesses have many competitors, there are quite a few that don’t. In many different business sectors, competition seems to be shrinking as large players grow and dominate the field.

A good example is the retail marketplace. Competition is high when it comes clothing retailers or restaurants. If you are looking for a place to buy some new shoes or a dinner for the evening, the choices are abundant. There are many cases where this isn’t true. Retailers like Wal-Mart and Target, Kroger and Publix, Lowes and Home Depot, Barnes and Noble and Books-a-Million, and Best Buy and Circuit City may compete with each other, but not usually with anyone else. There are exceptions to this rule as retail giant Wal-Mart carries just about everything. However, they specialize in nothing. In addition, the competing products are usually of a lower quality.

For example, if I need to buy a kitchen sink on a Sunday afternoon, I basically have two options, Lowes or Home Depot. If I need a popular book to read, Books-a-Million or Barnes and Noble are my two choices. Other small local or online retailers are available, but sometimes the consumer needs something right away or it might want “to touch” the product to feel comfortable with it. These companies have essentially created local oligopolies and compete only with each other. As a result, the big-box stores who used to offer big savings are now only marginally cheaper than their local predecessors.

Best Buy.jpgCircuit City.jpg A bigger question might be what happens next? In many of cases, one player within each pair is starting to outshine the other. In the fourth quarter of 2007, Best Buy, the No. 1 consumer electronics retailer, posted an 18.5 percent jump in sales while Circuit City lost money. Lowes is continuing to gain substantial ground on Home Depot, and Barnes and Noble is the only national book retailer doing well financially. Will the market eventually support only a single competitor in each such space?

Wal-Mart has already gained this position in several small geographic areas and they are using this position to increase profits. In my hometown of Fayetteville, TN, Wal-Mart is the only major retailer. Grocery stores like Food Lion and Bi-Lo have left town. The market is too small for the addition of a store like Target and the prices reflect this lack of competition. Every item in the Fayetteville store is more expensive than the same item in the Murfreesboro Wal-Mart. Are the fates of larger markets the same? In retail, the rule is to grow or fail. However, should one company win, it is the consumer who would suffer.

--Jeremy Smith, MBA Candidate


April 10, 2008

Handling Difficult Conversations

Difficult Conversations book cover.jpg [Authored by Dr. Susan Williams, Professor of Management] Doug Stone, author of Difficult Conversations: How to Discuss What Really Matters (Difficult Conversations) counsels us to “get things out into the open” and have those difficult conversations we’ve been putting off – the roommate who won’t clean up her share of the apartment, the employee who interrupts at every opportunity, or the person who plays loud music after midnight. He asserts that the fallout from people not having these conversations is evident all around us – failed management, poor employee morale, even horrific events like the Challenger disaster.

In his recent presentation at the Executive Learning Networks, part of the Scarlett Leadership Institute at Belmont University, Stone counseled participants to quiet “the voice in the head” and think about the other person’s point of view. Most of these failed conversations are based on our internal voice saying, “I’m right and you’re wrong.” He asked us to inquire of ourselves, for example, “I wonder why she’s doing that?” Assume you don’t know the other person’s motivation and don’t ascribe blame to them. Then you can look for solutions instead of blaming.

Getting clear with yourself about how you feel about certain behaviors is part of preparing for the difficult conversation. Ask yourself why this particular conversation is hard for you. Is it because you have made some assumptions about motivation, or because similar conversations have not gone well in the past?

The three parts of difficult conversations are: “what happened” which deals with the facts of the dialog; a “feelings” discussion that addresses the parties’ emotions; and an “identity” conversation that deals with how this discussion affects our perception of who we believe we are.

Bottom line, inquiring is more important than telling. Stone said, “It is hard to convince someone he is wrong if he feels he hasn’t been heard, so inquiring, actively listening, and really hearing are keys to addressing the issue.” Recognize that difficult conversations are a part of our lives. Search for solutions, not blame.


March 15, 2008

Lose Your Ethics--Lose Your Business

[Contributed by Joe Scarlett, retired Chairman of the Board of Directors, Tractor Supply Company and founder, Scarlett Leadership Institute at Belmont University] The recent tainted meat scandal in California further demonstrates why uncompromising ethics in business is the only path to long term business success. One-hundred forty-three million pounds of meat were recalled all because of a lapse of ethics. Who wins in this mess? Absolutely no one. Was it avoidable? Certainly.

Ethics Graphic.jpg Since so many of the senior executives of Enron, WorldCom, Adelphia, Tyco, etc. were exposed and subsequently jailed, you would think that every businessperson in America would have learned the importance of maintaining a high level of integrity in business practices. It is a real shame that some still have not seen the light and grasped the obvious. High standards, honesty, and ethical leadership all pay off in the long run, and the opposite is simply a path to ultimate failure. Wake up business leaders!

In February Westland/Hallmark Meat of Chino California issued a recall for 143 million pounds of beef – six times larger than any previous recall. The company slaughtered cattle that could not walk and failed to notify an inspector, which is a clear violation. Cattle that cannot walk have a higher risk of mad cow disease and bacterial contamination. What were they thinking? Where is the leadership?

Federal inspectors did not identify the problem nor did the company report the problem from its own control processes. A video provided by the Humane Society showed employees attempting to get sick cattle to stand up using forklifts, electric cattle prods and high pressure water hoses. And now speculation suggests that the plant will close. Owners will lose their investment, executives will lose their salaries and perks and the workers will all be unemployed. The only good news in the story, if there is any good news, is that there have been no reports of illness or meat contamination.

Employees clearly violated the rules, so you have to ask a few questions. Were the rules posted, communicated and discussed? Was there a clear path to discuss and report dilemmas and violations? Did the employees believe that the company strived to operate with a high degree of integrity in all aspects of its operations? The obvious conclusion is that the answers to some or all of these questions is no.

The ethical and moral direction in any organization must be set by the CEO and the senior executive leadership. When that direction is set according to high standards and then communicated effectively and repetitively, the organization invariably lives by those standards. We follow our leaders; when they set the right direction, we follow; when they set the wrong direction, or more commonly no direction, we wander into “no man's land.”

Leadership in business is everything. We follow with pride and confidence when our leaders set a clear path that embraces high ethical standards. Workers at every level deserve the right to work for leaders who demonstrate business and personal integrity. -Joe Scarlett, March 2008


March 09, 2008

The Far Reaching Effects of Foreclosures

RealtyTrac, a firm that keeps up with residential property in foreclosure, reported in January that the number of mortgage foreclosures is increasing faster in some states than the number of new homes sold. Reports are that there were 153,745 initial foreclosure notices sent out in the United States, which was almost half the total sales figure of newly built single family homes and existing homes and condominiums over the same time frame.

Floreclosure Map of U.S. May 2007.gif Of course in some states, California and Nevada, the percentage of homes affected is far worse than others (e.g., Vermont and West Virginia). The map to the left is based on May 2007 numbers. Therein is a major concern; nationwide homeowners should be mindful of the insidious effects that foreclosures and the rising inventories of homes for sale will have on home prices—and household wealth.

Foreclosures not only cause dislocation for the homeowners being forced out of their homes, but also represent an increased supply of homes for buyers and additional competition for other sellers. Homes in foreclosure or those that are about to be foreclosed force sellers to accept lower prices since they are in no position to wait for better offers. Those sales can help to push prices lower for everyone.

The “wealth effect” which has powered consumer spending during the housing boom is likely to further deteriorate as home equity declines as home prices fall. The Federal Reserve reported Thursday that for the first time in record-keeping dating back to 1945, home equity was below 50% for the last nine months of 2007. The newly issued number highlights the problems that millions of Americans are having keeping their homes, as their mortgage rates adjust upward and their property values decline.


March 05, 2008

Success and Failure: Two Necessary Sides of the Same Coin

Success is 99% Failure - Honda.gif Most of us enjoy reading recipes for success. The topic of failure tends to be far less popular. And yet, in business we say "If you're not occasionally failing at something, you're probably setting your sights for success way too low." I like Soichiro Honda's quote. Here's a business legend who set very high expectations for himself and his automobile company. Yet he viewed failure in the context of it simply being a necessary means to achieving an outstanding end.

Over the years, I've also grown to appreciate the comparison of two of history's outstanding major league baseball players, Lou Brock and Max Carey. In 1922, Carey played for the Pittsburgh Pirates and stole 51 bases while only being caught twice. That's an unbelievable success rate of 96%! Yet, far Carey Max - 1924.jpg more of us recognize the name Lou Brock, a St. Louis Cardinal who for many years was the major league career leader in stolen bases with a total of 938 successes. Almost unnoticed in the recordbooks, though, is the fact that Brock was thrown out a total of 307 times in his career. That's a far less impressive career success rate of 76%. Still pretty good, but less than Carey-like. Yet, Brock's the guy people still talk about, not Carey.

What got me thinking again about this whole failure to success sequencing was a post earlier this week by Michael Hyatt, President & CEO of Thomas Nelson Publishers. Hyatt offers some great reminders that ultimately what determines whether past failures lead to future successes depends more on our individual responses to failure (i.e., how you respond to failure when it happens). Worth reading.

By the way, as I'm sitting here on the couch wrapping up this post, Michael Dyson (yes, the vacuum cleaner guy) was just on TV bragging about how his latest vacuum wonder product was the result of 5,000 earlier prototypes, or as he put it, 5,000 failures. I think these folks are onto something.


February 29, 2008

Congratulations to Belmont's Undergraduate Business Program

BusinessWeek Logo.jpgCouldn't pass up this opportunity to congratulate all of those individuals who work with our Belmont undergraduate business students. BusinessWeek Magazine just released their list of Top 100 Undergraduate Business Schools for 2008, and Belmont has made the list for the first time ever. Wharton again topped the national rankings, but Belmont appeared at No. 89, which was good for the highest ranking of any Tennessee b-school. The program was also in some pretty good company, finishing just between the University of Arkansas (No. 88) and Louisiana State University (No. 90). The full story will appear in the March 10 edition, scheduled to be on newsstands this coming Monday. The full story and supporting analysis can be found at: http://bwnt.businessweek.com/interactive_reports/undergrad_bschool/


February 10, 2008

Where No One Wants to "Fight City Hall"

It's oft been said that "You can't fight city hall"--a reference, no doubt, to the collective angst of all those past local residents who felt wronged by their municipal leaders but felt powerless to do anything about it.

Coral Springs City Hall.gif Don't you wish more city leaders had chosen the path of Coral Springs (FL) leadership?! C.S. is the 13th largest municipality in the State of Florida and late this past year they became the first municipality to receive the Malcolm Baldrige National Quality Award from the U.S. President. Back in the early 1990s, city leaders decided there was a better way to run city hall than the traditional stereotypical approach. So they began making strategic decisions based on a total quality management framework designed around performance targets like resident and business satisfaction, stakeholder partnerships, and overall continuous improvement.

After several years of implementing that strategy, their results began to speak for themselves. Last year, for example, 95% of residents indicated that the city had met or exceeded their expectations for quality of service delivered. Furthermore, 99% of resident businesses would now recommend the city to others as a "place to run a business." And these results are only two of the myriad of world-class levels being achieved by city management on an ongoing basis.

Thankfully, a big part of the Baldrige philosophy is for winners to share their recipes for success with others. If you're an existing (or aspiring) city leader, I'd urge you to take a look at the Coral Springs story and how they run their city hall (http://www.coralsprings.org/baldrige/BaldrigeApplication07.pdf). Your citizens (and voters) will be greatful for any best practices you identify that can be implemented locally. If you find these ideas of interest, check with our good friends over at the Tennessee Center for Performance Excellence (www.tncpe.org).

TNCPE has a wonderful set of resources in place specifically designed to help community leaders improve the quality of life for their residents.


December 19, 2007

Despite My Opinion, the Kindle Is Working

kindle 2.png

After browsing through a bookstore several months ago, I made the declaration that no matter where technology takes us, “I still love books.” There is just something about the smell of a fresh book, the sense of accomplishment you feel while watching your bookmark move deeper into the pages, the ability to share the experience by passing a favorite story along to a friend. You can browse shelves of your collection and be reminded of inspirational lessons and adventures gone by. There is just something special about a book.

Thus, you can see why I have nicknamed Amazon’s Kindle as iPod’s ugly stepsister.

Amazon appears to be capitalizing on the same digital appeal that makes Apple so successful — innovation, value and convenience. For book publishers, it’s another revenue stream that will allow them to keep producing the material we want to read. I will admit all of this is good business, even if the product is not for me.

People are certainly buying in. According to its Wikipedia entry, the Kindle sold out within six hours of its November launch, and Amazon.com is still having trouble keeping them in stock (even at the $400 premium). Sony’s version appears to be on back order as well.

It’s not on my Christmas list, though. I would rather escape with a book that I can still read despite the sun’s glare. Technology, hands off my books. Who’s with me?