Smokehouse board meeting. We now have two women on the board. We only need one more for the full coven. Madeleine Rose (Organisation Development Director) announced that for businesses in the future the cost of training would replace the cost of building factories. Bloody cheap factories, I thought. To assess our training needs, she was introducing competency-driven 360-degree appraisals. Sir Marcus is all in favour of 360s because there is no-one above him except God, and as God's gift to management, he's unlikely to get a bad word there. Mad Rose said continual feedback was the breakfast of champions. I prefer toast and marmalade. Sir Marcus complained that the meeting ran three hours over time (after three hours of him complaining) and suggested we all had time management training.