Today’s KJR is “Based on a True Story.”

Which, if I worked in the movie industry, would mean it’s a work of complete fiction. Congress should form a regulatory agency to evaluate all claims of true-story-ness. It could provide a rating system, ranging from VA-90 (Verified 90+% accurate) to AP-10 (the names of fewer than 10% of the otherwise entirely imaginary characters came from Actual People).

Our public dialog, while based on true stories, is in sad shape, and by understanding what’s wrong with it you can lead your organization more effectively.

BP’s new strategy: Tony Hayward isn’t gone, but they’re hoping he will be forgotten. Chairman of the board Carl-Henric Svanberg decided Hayward shouldn’t be turned into one of the small people just yet, because his primary sin was his impact on BP’s image.

Which tells me neither Hayward nor Svanberg has spent much time shopping at the Insight Store. Hayward needs to go, and as is so often the case with headline-making examples of lousy leadership, you can benefit from his ineptitude.

But only if you understand why he needs to go, and it’s a reason none of the commentariat has yet mentioned, probably because the commentariat, while paid lots of cash to bloviate, don’t actually understand anything about business leadership.