Top 10 Reasons Why Leaders Fail

Top 10 Reasons Why Leaders Fail


Not everyone is meant to be a leader, but for those of you who are already leaders or aspiring to be leaders, there are a lot of lessons you can learn. Today, I’ve written ten reasons why leaders fail. It’s a collection of issues that leaders tend to have, especially in their first few years in those roles. It’s easy to get caught up in the act of leadership because you gain power, confidence and control, all of which can be your undoing. Here are 10 things that will get in the way of your success and hurt your team:

1. Leaders become selfish.

Leaders who have responsibilities seem to forget that they are there to support their team instead of themselves. They become power hungry and seek control instead of giving advice, mentoring and ensuring that the team benefits from their leadership. Read more of this post

Value Partners’ Cheah Cheng Hye: A global financial crisis bigger than the one in 2008 is conceivable in five to 10 years.

Updated: Friday August 23, 2013 MYT 7:04:00 AM

A bigger global crisis possible



GEORGE TOWN: A global financial crisis bigger than the one in 2008 is conceivable in five to 10 years. Value Partners Group chairman and co-investment officer Cheah Cheng Hye said the crisis, which would not be V-shaped in nature, would bring about capital flights, volatile markets, rising inflation and social unrest. “The global financial crisis would have to do with the very serious deficits that cannot be financed. Developed and developing countries have over the years accumulated such deficits by making promises that cannot be realised in order to get re-elected. “These deficits would sow the seeds of future social and political unrest,” he said at a public lecture entitled From Journalist to Fund Manager, which was officiated by Penang Chief Minister Lim Guan Eng. Also present was Penang Institute chief executive officer Zairil Khir Johari. On Malaysia, Cheah said Value Partners was not bullish about the country. “Malaysia’s Government and household debts are higher than those in Indonesia, China and Thailand. Half of the country’s government bonds are held by foreigners, who would be the first to run in a crisis. “The Malaysian workforce is now less productive than the workforce in Thailand and the Philippines. Malaysia is also importing more oil than selling it,” he said. Read more of this post

Microsoft is fully acknowledging that the traditional software business model is dead with the rise of subscription-based cloud services; “The board is committed to the effective transformation of Microsoft to a successful devices and services company”

And Microsoft Is Giving Up On The Software Business!

HENRY BLODGET AUG. 23, 2013, 9:36 AM 2,357 7

Mario Tama/Getty

Yes, the headline news at Microsoft is that CEO Steve Ballmer is out. But a line lower down in the press release is also startling: “The board is committed to the effective transformation of Microsoft to a successful devices and services company,” one of the company’s board members said.

The effective transformation of Microsoft to a devices and services company.

In other words, Microsoft is fully acknowledging that the model that powered the company for more than 3 decades and made it one of the most powerful and richest companies in the world–sales of software–is effectively dead. That’s big news. Microsoft has used the “devices and services” language before–Steve Ballmer wrote about it in this year’s shareholder letter–but the challenge and magnitude of this transformation is much more profound than most people appreciate. And the idea of Microsoft as a “devices and services company,” especially one led by “devices,” would have been unthinkable only a few years ago. The traditional software model is, in fact, dead–or at least dying–but it’s only recently that Microsoft has acknowledged this so forthrightly. For more than a decade, Microsoft has been transitioning away from one-time sales of packaged software (Windows disks, for example) to multi-year services contracts. This has reduced the company’s dependence on one-time unit sales of personal computers and software licenses and allowed it to build a business in which more of its revenue is recurring. But the transformation of the tech industry from packaged software to services is now moving far beyond mere payment models. Cloud-based services are now supplanting local software installations and licenses across the industry, not just for consumers who use services like Google and Facebook but for massive corporations. And this is forcing Microsoft and other major IT vendors to retool their product architectures, as well as the way they plan, develop, and roll out new product features. Meanwhile, the trend recently re-established by Apple of selling integrated hardware and software devices has forced Microsoft to start building and selling its own integrated gadgets. This is a major transition, too. Continuing to “transform” Microsoft from being a company driven by massive releases of packaged software every few years to a “devices and services” company will not be easy. The company’s struggles in recent years will likely continue for many more years, regardless of who is CEO. But it’s encouraging to see that Microsoft now fully recognizes the challenge it faces. And it’s probably wise for the company to address this challenge with a change right at the top.

Here’s The Letter Steve Ballmer Wrote To Microsoft Employees Explaining Why He’s About To Retire Read more of this post

Why China’s wine exchange is crashing: 110-proof grain alcohol all tastes much the same

Why China’s wine exchange is crashing: 110-proof grain alcohol all tastes much the same

By Gwynn Guilford @sinoceros 12 hours ago

Imagine a stock that jumps 25.5% on its first day of trading, coming to rest at $159 a share. Three months later, though, shares tank, plummeting to $54. Now, 17 months after going public, it’s worth $58.70. Nope, it’s not Groupon. It’s “Crystal Shede 2012 Collector’s Edition,” a 110-proof rice wine (or baijiu, as it’s known) made by a Sichuan distiller called Tuopai Shede, and it brought in 77 million yuan ($12.4 million) from its public offering on the Shanghai International Wine Exchange (SIWE). Read more of this post

China Feels Emerging-Market Headwinds

Aug 23, 2013

China Feels Emerging-Market Headwinds

By Richard Silk

The wind-down of an extraordinary period of monetary stimulus in the U.S. could cast a shadow over China’s fragile growth, raising fears of renewed stress in financial markets and a hit to the budding recovery in exports. The flow of funds out of Asia—anticipating higher U.S. interest rates—has not yet hammered China as badly as some of its neighbors. That’s largely because China imposes broad controls on capital, limiting foreign investments in stocks, bonds and property as well as the money Chinese investors can send overseas. Read more of this post

Chinese Consumers Step Back, Pinching Firms; Canon, Nike and Apple Feel Squeeze in Economic Slowdown

August 22, 2013, 5:48 p.m. ET

Chinese Consumers Step Back, Pinching Firms

Canon, Nike and Apple Feel Squeeze in Economic Slowdown


BEIJING—Companies as diverse as retailers and gadget makers are reporting weakened results from China, as the economic slowdown there blunts Beijing’s drive to make the nation’s consumers a bigger driver of growth. Last month, Canon Inc. 7751.TO +1.07% cut the Japanese company’s year-end profit forecast to ¥380 billion ($3.89 billion), off 16% from forecasts three months earlier, citing in part the slowdown in China. Nike Inc. NKE -0.72% reported falling China sales in its latest results, while British supermarket chain Tesco TSCO.LN +1.42%PLC is in talks with a local company, China Resources Enterprise Ltd.,0291.HK -1.51% about folding its 131 underperforming Chinese stores into a joint venture. Read more of this post

Fitch’s Charlene Chu Is the ‘Rock Star’ of Chinese Debt Analysis; At worst, Ms Chu predicts, a crisis is brewing. At best, China is at risk of a long, debt-laden economic slowdown.

August 22, 2013, 11:17 p.m. ET

Charlene Chu Is the ‘Rock Star’ of Chinese Debt Analysis

The Fitch Staffer Has Emerged as One of the Most Sought-after Experts on Chinese Finance



When top officials at the U.S. Federal Reserve want to understand the Chinese financial system, they meet Charlene Chu. Goldman SachsGS -0.74% which isn’t short of China experts, interviewed her and sent the transcript to its clients. And one of the world’s most influential investment firms calls her a rock star. From her cubicle in a Beijing office tower, Ms. Chu, who works for bond-rating firm Fitch Ratings, has emerged as one of the most sought-after experts on China’s increasingly risky financial system. Read more of this post

Radioactive groundwater under Fukushima nears sea



— Aug. 23 7:02 AM EDT

TOKYO (AP) — Deep beneath Fukushima’s crippled nuclear power station a massive underground reservoir of contaminated water that began spilling from the plant’s reactors after the 2011 earthquake and tsunami has been creeping slowly toward the sea. Now, 2 1/2 years later, experts fear it is about to reach the Pacific and greatly worsen what is fast becoming a new crisis at Fukushima: the inability to contain vast quantities of radioactive water. Read more of this post

Fed Burned Once Over Taper Now Twice Shy on QE3

Fed Burned Once Over Taper Now Twice Shy on QE3

U.S. central bankers have $3 trillion of losses reminding them they had better get their communications right should they decide to taper their bond purchases.

That’s how much global equity markets declined in the five days after Federal Reserve Chairman Ben S. Bernanke’s June 19 remarks that he may reduce his $85 billion in monthly securities buying this year and halt it altogether by mid-2014. His comments pushed the yield on the benchmark 10-year Treasury to a 22-month high. Read more of this post

S. Korea’s traditional markets go high-tech

S. Korea’s traditional markets go high-tech

Friday, August 23, 2013 – 16:02


SEOUL – Seoul’s traditional markets – bustling, narrow streets of small vendors selling cheap, fresh produce – have largely opted out of the high-tech charge to make the South Korean capital one of the most wired cities on earth. But squeezed by big-box stores and dwindling custom, these mom-and-pop operations are slowly going digital, replacing well-thumbed ledgers with tablet computers, and cash pouches with sleek smartphones that can scan credit cards. Read more of this post

Newspaper Association of America CEO Caroline Little: Newspapers aren’t dying and Jeff Bezos isn’t crazy

Newspapers aren’t dying and Jeff Bezos isn’t crazy

August 22, 2013: 12:09 PM ET

Companies change with the times, and newspapers are no different. But they are now emerging in a strong position.

By Caroline Little

FORTUNE — Jeff Bezos, John Henry, and Warren Buffett are not investing in dying businesses. They don’t do that. They are investing in assets poised for a rebound. Despite the recent spate of media last week about the spiraling of newspapers, there are a few facts for industry pundits to consider. Newspaper media comprised a $38.6 billion industry in 2012. While those revenues saw a 2% decline compared to 2011 revenues ($39.5 billion), we’re also starting to see promising shifts in the newspaper business model: growing revenue streams across several categories — some of which have only emerged in recent years. Read more of this post

India to Import Onions for First Time Since 2011 as Prices Surge; Onion prices in Delhi surged to 60 rupees (93 cents) a kilogram (2.2 pounds) from 16 rupees three months ago; “The government isn’t caring enough about us.”

India to Import Onions for First Time Since 2011 as Prices Surge

India is preparing to import onions for the first time in two years as a surge in prices threatens to trigger a backlash against Prime Minister Manmohan Singh before next year’s elections.

Prices of the vegetable have almost quadrupled in three months in New Delhi as the government struggles to tackle the highest inflation among the biggest emerging markets. State-run trading company PEC Ltd. this week sought overseas suppliers to deliver as much as 300,000 tons of onions, while National Agricultural Cooperative Marketing Federation of India Ltd. said the country may buy from China, Iran, Egypt and Pakistan. Read more of this post

Indian Billionaire Costs Climb as $18 Billion of Debt Due

Billionaire Costs Climb as $18 Billion of Debt Due: India Credit

Default risk for Indian companies has risen to a one-year high as a plunging rupee increases the cost of repaying $18 billion of debt due by March.

Companies led by billionaires Mukesh Ambani and Anil Agarwal are among borrowers with $10.6 billion of bonds and loans maturing by Dec. 31 and $7.4 billion in the following three months, data compiled by Bloomberg show. The average cost of insuring notes of seven Indian issuers against non-payment has risen 90 basis points in 2013 to 360 basis points as of Aug. 21, the highest since September, according to data provider CMA. A similar measure for Asia fell 23 basis points to 135. Read more of this post

Zombie borrowers haunt China’s shadow banks

Zombie borrowers haunt China’s shadow banks

12:24am EDT

By Gabriel Wildau

SHANGHAI (Reuters) – Call it the new China Syndrome: Although Asia’s biggest economy is slowing down markedly, credit continues to surge. Dead-end projects and dying industries are sucking up an ever-larger portion of new credit, while more productive borrowers are starved for funds. Nowhere is this more evident than in China’s shadow banking sector, the non-bank financiers that have pumped credit into the economy at a spectacular rate. Trust companies – firms that sell investment products to Chinese savers and use the proceeds to make loans or buy other types of assets – have posted the fastest growth. Read more of this post

50 years after, Martin Luther King’s ‘Dream’ still not realized in U.S.: poll

50 years after, Martin Luther King’s ‘Dream’ still not realized in U.S.: poll 7:36pm EDT By Chris Francescani tumblr_menb33cmnc1r5ss03o1_500 January-21-Martin-Luther-King-Jr.-Day Martin Luther King Jr martin_luther_king_jr_quote-1 martin_luther_king_jr_quotes_6 tumblr_m9hm5vDG2h1qzhkvho1_500 martin-luther-king-jr-day-L-xGOagM NEW YORK (Reuters) – Fifty years after Rev. Martin Luther King Jr.’s “I have a dream” speech, nearly half of those who responded to a new poll said a lot more needs to be done before people in the United States would “be judged not by the color of their skin but by the content of their character.” The Pew Research Center in Washington, D.C., found that 49 percent of those polled think “a lot more” needs to be done to achieve the color-blind society King envisioned in his 1963 “I Have a Dream” speech. But 73 percent of black respondents and 81 percent of whites thought the two races get along “very well” or “pretty well.” Read more of this post

What Got You Here Won’t Get You There: How Successful People Become Even More Successful

What Got You Here Won’t Get You There: How Successful People Become Even More Successful Hardcover

by Marshall Goldsmith  (Author) , Mark Reiter (Author)

download (14)

America’s most sought-after executive coach shows how to climb the last few rungs of the ladder.

The corporate world is filled with executives, men and women who have worked hard for years to reach the upper levels of management. They’re intelligent, skilled, and even charismatic. But only a handful of them will ever reach the pinnacle — and as executive coach Marshall Goldsmith shows in this book, subtle nuances make all the difference. These are small “transactional flaws” performed by one person against another (as simple as not saying thank you enough), which lead to negative perceptions that can hold any executive back. Using Goldsmith’s straightforward, jargon-free advice, it’s amazingly easy behavior to change. Executives who hire Goldsmith for one-on-one coaching pay $250,000 for the privilege. With this book, his help is available for 1/10,000th of the price Read more of this post

Mars rover replica built by young sisters

Mars rover replica built by young sisters

Sheila Dharmarajan 17 hours agoThe Future Is Now

There’s no stopping these two science sisters. Meet Camille and Genevieve Beatty, who at 13 and 11 are being hailed for building a functioning scale model of the Mars rover that is now a permanent fixture at the famed New York Hall of Science. The Beatty rover is a near replica of the early version NASA sent to Mars in 2004 and was unveiled in early August with hoopla that’s made the red-headed North Carolina siblings science rock stars. “To have two young girls building our Mars rover is exactly the kind of thing we want to have happen here,” said Margaret Honey, president and CEO of the science center that sits on the grounds of the 1964 Worlds Fair in Flushing Meadows-Corona Park in the borough of Queens. The girls’ drive to build their rover was inspired by a documentary on the robotic exploration of the Red Planet.

Read more of this post

Daily Journal Tells SEC Munger Knows Best Buying Stocks; Munger helped triple Daily Journal’s value since 2008 by reallocating the company’s investments

Daily Journal Tells SEC Munger Knows Best Buying Stocks

Charles Munger’s Daily Journal Corp. (DJCO) told regulators that selling Treasuries and jumping into stocks was the safe move for the publisher in the financial crisis.

“The board recognized that this decision would be contrary to the conventional (but questionable) notion that the least risky way to preserve corporate capital for the long-term benefit of stockholders is to invest it in government bonds at interest rates approximating zero,” an attorney for Los Angeles-based Daily Journal wrote in a March 18 letter made public today. Read more of this post

As Humans Change Landscape, Brains of Some Animals Change, Too

August 22, 2013

As Humans Change Landscape, Brains of Some Animals Change, Too


Evolutionary biologists have come to recognize humans as a tremendous evolutionary force. In hospitals, we drive the evolution of resistant bacteria by giving patients antibiotics. In the oceans, we drive the evolution of small-bodied fish by catching the big ones. In a new study, a University of Minnesota biologist, Emilie C. Snell-Rood, offers evidence suggesting we may be driving evolution in a more surprising way. As we alter the places where animals live, we may be fueling the evolution of bigger brains. Read more of this post

Travelocity Teams Up With Expedia to Power Searches; Rivals in Online Travel Industry Strike Long-Term Agreement

August 22, 2013, 8:19 p.m. ET

Travelocity Teams Up With Expedia to Power Searches

Rivals in Online Travel Industry Strike Long-Term Agreement


Travelocity is teaming up with longtime rival Expedia Inc. EXPE +1.68% to power the core of its business: finding hotels and airfares. The two companies said Thursday that they are entering a long-term agreement under which Expedia will handle most of Travelocity’s operations, from running searches to answering customers’ questions to processing bookings. In turn, Travelocity will largely become a brand aimed at attracting customers to its website rather than a true travel agency. Read more of this post

The wristband that records everything you hear

The wristband that records everything you hear

If you have been whipped up into an angry frenzy by Google Glass, it’s probably best to look away now.


The device is always on but can only store the last 60 seconds of sound

By Andrew Trotman

5:14PM BST 22 Aug 2013

Supporters of the search giant’s glasses that can make phone calls, give you directions as you walk and record video believe it will revolutionise the wearable technology sector. Those on the other side of the divide ask how non-users will be affected, with Senator Joe Barton even sending a letter to Google to voice his concern at possible invasions of privacy. Now there is a new product for Mr Barton to worry about. Kapture is planning to release a wristband later this year that can record every sound around you, which you can then share with the world. The device is always on but can only store the last 60 seconds of sound. The makers see it as a way of preserving those moments in life that are difficult to capture. Read more of this post

The Pentagon as Silicon Valley’s Incubator

August 22, 2013

The Pentagon as Silicon Valley’s Incubator


SAN FRANCISCO — In the ranks of technology incubator programs, there is AngelPad here in San Francisco and Y Combinator about 40 miles south in Mountain View. And then there is the Pentagon. In the last year, former Department of Defense and intelligence agency operatives have headed to Silicon Valley to create technology start-ups specializing in tools aimed at thwarting online threats. Frequent reports of cyberattacks have expanded the demand for security tools, in both the public and private sectors, and venture capital money has followed. In 2012, more than $1 billion in venture financing poured into security start-ups, more than double the amount in 2010, according to the National Venture Capital Association. Read more of this post

Tesla Aiming for China After Hundreds of Hong Kong Orders; “If you drive a Ferrari, people will give you a really nasty look. But if you drive an electric car, everybody’s going to be happy.”

Tesla Aiming for China After Hundreds of Hong Kong Orders

When Bem Ho discovered the minivan he drives doesn’t earn him much respect, he ordered a set of wheels that will turn more heads: a Model S electric sedan from Tesla Motors Inc. (TSLA) “I’m getting sick of driving my van because when people see the car they always think I’m a chauffeur,” said Ho, who runs an apparel manufacturer in Hong Kong. “It’ll be like a talking point when you go out: ‘Oh that’s an electric car.’”

Read more of this post

Technology companies fight for funds as venture capitalists look elsewhere; Investors reluctant to take further stakes in perceivedly volatile sector until earlier ventures such as Spotify start to pay off

Technology companies fight for funds as venture capitalists look elsewhere

Investors reluctant to take further stakes in perceivedly volatile sector until earlier ventures such as Spotify start to pay off

Jemima Kiss

The Guardian, Thursday 22 August 2013 21.35 BST

European technology companies are trapped in a funding bottleneck asventure capital firms refuse to reinvest in the sector until they see a return from earlier investments, such as music service Spotify, via successful stock market flotations. As US companies such as Twitter gear up for multibillion-dollar flotations, European venture capitalists say that they need to see share issues that will recoup their initial forays into the technology sector before seeking out the next Google. Read more of this post

Nokia’s dilemma is different now. Back then in early 1990s, the world was on the verge of a decade-long explosion in mobile phone use. This time, however, the company is coming at the tail-end of the smartphone boom

August 22, 2013 7:26 pm

Nokia: A bet with a safety net

By Richard Milne and Daniel Thomas

The ailing company is betting on a new smartphone but some believe salvation lies elsewhere

As Nokia was developing its latest smartphone, Stephen Elop came up with an unusual challenge for the engineers. Mr Elop, the Finnish company’s Canadian chief executive, would stand in the darkened corner of a room while the engineers stood on the other side, taking his picture. The goal? To see if they could produce a photograph sharp enough so that you could tell the time on his watch. Eventually they did. Read more of this post

Internet radio service Pandora: Sing a song of slumping shares

Pandora: Sing a song of slumping shares

8:43pm EDT

By Gerry Shih

SAN FRANCISCO (Reuters) – Internet radio service Pandora Media Inc (P.N: QuoteProfileResearchStock Buzz) said on Thursday that rising expenditures to acquire music and expand its sales force would push fiscal 2014 earnings below analyst expectations, and its shares slumped 5 percent. The company also backtracked on a 40-hour monthly limit on free music streaming that was announced just six months ago, a measure originally implemented to control rising costs. Pandora said it will lift the monthly cap September 1 after watching its margins improve. Read more of this post

How BlackBerry Handled Past Wealth: As the company’s fortunes spiral down, a look back shows little reward for loyal shareholders even in its heyday. But executives did well

August 22, 2013

How BlackBerry Handled Past Wealth



It started in an unlikely place, far from the headquarters of more established technology companies, and grew to become a dominant player. Along the way, investors piled in, undeterred by the company’s policy of never paying a dividend. But then the technology changed, and the company struggled to keep up. Eventually it realized it could not continue as it was. It was broken up and acquired, with investors receiving a fraction of what their shares had been worth at the peak. Read more of this post

How binge viewing of Netflix’s original series might end up accelerating expenditures

How Binge-Viewing Could Rock Netflix Stock

AUGUST 22, 2013 | 09:00AM PT

Binge viewing of original series might end up accelerating expenditures

Andrew Wallenstein

Binge-viewing may lead to binge-spending at Netflix, which could eventually see the impact in its stock price. What went unmentioned among the myriad issues its top execs addressed when the streaming service announced its second quarter earnings last month was a potentially significant shift in accounting practices hinted at in the company’s 10-Q. “We are in the early stages of original content, and continue to monitor whether the viewing pattern is higher than initially expected in the first few months to suggest that we amortize at a faster initial rate,” the disclosure read. Read more of this post

Apple Engineers Want Out, Say Recruiters; “Apple culture has started to change with the new leadership on top.”

Apple Engineers Want Out, Say Recruiters

NICHOLAS CARLSON AUG. 22, 2013, 10:26 AM 8,438 9

Silicon Valley recruiters and former Apple employees say Apple hardware engineers are sending out more resumes than ever before, according to Reuters reporters Porrnima Gupta and Peter Henderson. The reason: under CEO Tim Cook, Apple is not the company it used to be under Steve Jobs. One “recruiter with ties to Apple” told Gupta and Henderson, “I am being inundated by LinkedIn messages and emails both by people who I never imagined would leave Apple and by people who have been at Apple for a year, and who joined expecting something different than what they encountered.” Read more of this post

3-D printer company MakerBot Reaches for the Masses with $1,400 Digitizer; designing new objects can require specialized skills in 3-D modeling or engineering, which can be a barrier for novices

AUGUST 22, 2013, 3:12 PM

A 3-D Scanner Reaches for the Masses


The 3-D printer company MakerBot on Thursday entered the new market for scanning, introducing a desktop device called the Digitizer that could help push more of the public into 3-D printing. The $1,400 Digitizer looks a little like a classic record player, but with lasers. It rotates small objects on a turntable near two lasers and a camera to create a three-dimensional model that can then be reproduced by a 3-D printer. Read more of this post

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