How Billionaire Marc Benioff Becomes ‘Yoda’ To His Employees (And You Can, Too)

How Billionaire Marc Benioff Becomes ‘Yoda’ To His Employees (And You Can, Too)

JULIE BORT ENTERPRISE  JUN. 21, 2014, 6:15 PM

Apple cofounder Steve Jobs isn’t the only person with a “reality distortion field” able to charm people into doing things they thought were impossible.

His dear friend, Marc Benioff, cofounder and CEO of Salesforce.com, has a similar trait, one of his direct reports, Leyla Seka, tells Business Insider. Read more of this post

Investors Just Threw A Ton Of Money At Unusually High-Risk Bonds For A Project That Doesn’t Make Money

Investors Just Threw A Ton Of Money At Unusually High-Risk Bonds For A Project That Doesn’t Make Money

MYLES UDLAND MARKETS  JUN. 22, 2014, 12:19 AM

“Where can you get 12% yield?”

Investors just took on a ton of risk to finance a new Florida passenger railway project being undertaken by Fortress Investment Group, reports Reuters’ Natalie Harrison and Shankar Ramakrishnan.

The project, called All Aboard Florida, plans to use existing freight railway on the east coast of Florida to carry passengers. Read more of this post

THE INSIDE STORY OF YO: How A ‘Stupid’ App Attracted Million Of Dollars And Rocketed To The Top Of The App Store

THE INSIDE STORY OF YO: How A ‘Stupid’ App Attracted Million Of Dollars And Rocketed To The Top Of The App Store

ALYSON SHONTELL TECH  JUN. 22, 2014, 8:49 AM

Moshe Hogeg was getting tired of asking his employee, Or Arbel, for a favor.

Hogeg, the CEO and founder of Tel Aviv company Mobli, had requested a simple way to get in touch with his wife and his assistant via his smartphone. Email chains were burdensome. Even texting encouraged longer conversations than Hogeg had time for. He envisioned a simple app with large buttons that, when pressed, would send a one-word notification to another person: “Yo.” The “Yo” would let the person know they were needed or being thought of. Read more of this post

More than half a million votes were cast for full democracy in Hong Kong by the second day of an unofficial online poll organized by activists and labeled illegal by China

Hong Kong Democracy Poll Gets Half a Million Votes by Second Day

By Natasha Khan June 21, 2014

More than half a million votes were cast for full democracy in Hong Kong by the s Read more of this post

Unblinking Eyes Track Employees: Workplace Surveillance Sees Good and Bad

Unblinking Eyes Track Employees

Workplace Surveillance Sees Good and Bad

By STEVE LOHRJUNE 21, 2014

A digital Big Brother is coming to work, for better or worse.

Advanced technological tools are beginning to make it possible to measure and monitor employees as never before, with the promise of fundamentally changing how we work — along with raising concerns about privacy and the specter of unchecked surveillance in the workplace. Read more of this post

How Inherited Wealth Helps the Economy

How Inherited Wealth Helps the Economy

JUNE 21, 2014

By N. GREGORY MANKIW

An undated photograph shows John D. Rockefeller, wearing a bow tie, and family members

Is inherited wealth making a comeback?

image001-4

Yes, says Thomas Piketty, author of the best seller “Capital in the Twenty-First Century.” Inherited wealth has always been with us, of course, but Mr. Piketty believes that its importance is increasing. He sees a future that combines slow economic growth with high returns to capital. He reasons that if capital owners save much of their income, their wealth will accumulate and be passed on to their heirs. He concludes that individuals’ living standards will be determined less by their skill and effort and more by bequests they receive. Read more of this post

CEO Victor Luis talks Coach’s turnaround strategy

CEO Victor Luis talks Coach’s turnaround strategy

Phil Wahba

JUNE 20, 2014, 12:05 PM EDT

Fortune’s exclusive interview with the Coach CEO discusses the company’s 5-year plan.

Coach  COH -2.69%  laid out on Thursday the strategy it hopes will help it win back the market share it has lost in North America to the likes of Michael Kors  KORS -0.85% and kate spade  KATE 2.59% , and accelerate its growth overseas. Read more of this post

Panasonic to sell birthplace of its TV business: report

Panasonic to sell birthplace of its TV business: report
Sunday, June 22, 2014
AFP

TOKYO — Japan’s electronics giant Panasonic will sell the plant where it first got into the television business half a century ago as it shifts away from the money-losing division, a report said Saturday.

The company plans to sell 60 percent of the plant’s 120,000-square meter site in Ibaraki, near the western city of Osaka, to Japan’s major homebuilder Daiwa House by early next year, the business daily Nikkei said. Read more of this post

Will people let Dropcam see into their homes when it’s owned by Google?

Will people let Dropcam see into their homes when it’s owned by Google?

By Kabir Chibber @quinto_quarto 8 hours ago

Nest, which makes internet-connected smart devices for the home, has boughtDropcam, which makes cameras that monitor the home, for $555 million. Nest was itself acquired by Google back in January for $3.2 billion. Read more of this post

China Resources sealed billions in deals without tenders, auditor finds; In one case, auditors find HK-listed power unit sealed HK$14.7b deals outside usual practice

China Resources sealed billions in deals without tenders, auditor finds

Saturday, 21 June, 2014, 3:14am

Eric Ng eric.mpng@scmp.com

In one case, auditors find HK-listed power unit sealed HK$14.7b deals outside usual practice

China Resources sealed billions of yuan worth of contracts without going through a tendering process, the National Audit Office has discovered. Read more of this post

Family businesses on the wane; Fewer family businesses are being passed on to successive generations, a new report finds

Family businesses on the wane

Fewer family businesses are being passed on to successive generations, a new report finds

Family businesses will contribute more than £120bn to the UK economy by 2018 Photo: AFP

By Rebecca Burn-Callander, Enterprise Editor

7:00AM BST 20 Jun 2014

Family businesses are no longer being passed down to the third generation, new research has found. Read more of this post

Who are Sweden’s powerful Wallenberg family?

Who are Sweden’s powerful Wallenberg family?

Recently announced flotation offers a peep into the vast Wallenberg empire

The Wallenbergs control a vast business empire made up of large stakes in many of Sweden’s biggest multinationals and worth tens of billions of pounds

By Ben Marlow

7:00PM BST 21 Jun 2014

On the southern coast of a small island in Stockholm, sits an opulent, turreted chateau, set back from the water’s edge. Read more of this post

Migrant Exodus Puts Strain on Ailing Thai Economy

Migrant Exodus Puts Strain on Ailing Thai Economy

By Amy Sawitta Lefevre on 03:04 pm Jun 21, 2014

Samut Prakarn, Thailand. Lek Numthong, who supplies foreign laborers for construction sites on the fringes of the Thai capital, normally has a truckload of workers eager to make a day’s wage. But his pick-up has been all but empty for a week.

Only two Burmese workers are sitting in the back.

About 200,000 Cambodians, a key component of the migrant workforce, have turned tail and gone home. The clumsy rhetoric that apparently precipitated their departure may be the first misstep in the efforts by the generals now running the country to revive an economy battered by months of political turmoil. Read more of this post

London’s tech economy is booming as apps and games made there entertain the world – and experts predict the first global trillion-dollar company will rise in the UK, most likely in big data. What is the secret to this rapid success?

How tech’s new wave turned UK on to winning ways

London’s tech economy is booming as apps and games made there entertain the world – and experts predict the first global trillion-dollar company will rise in the UK, most likely in big data. What is the secret to this rapid success?
Juliette Garside

The Observer, Sunday 22 June 2014

Near the tree trunk-shaped reception desk and the tubular slide, youngsters in skinny jeans perch among beanbags scattered on the Astroturf floor. Beneath a ceiling sprouting jungle foliage, the talk is all ofapps and coding. Read more of this post

Tata Motors’ Tale of Two Shares

Tata Motors’ Tale of Two Shares

ABHEEK BHATTACHARYABy

Updated June 20, 2014 8:25 a.m. ET

Tata Motors 500570.BY -0.13% ‘ once-lonely Class A shares are getting some overdue respect. There’s reason to think the love fest could continue.

India’s most valuable car maker gives investors the choice between two stock listings. There are regular shares. And then there are Class A shares, which carry a tenth of the main stock’s voting rights, though pay a higher dividend.

image001-2 Read more of this post

America Inc. Wakes Up to Wage Inflation

America Inc. Wakes Up to Wage Inflation

image001-1

JUSTIN LAHART

June 20, 2014 4:34 p.m. ET

Even as the U.S. job market has improved, companies have been slow to pay workers more. But they may now be approaching the time when they have to cut bigger paychecks to compete. What’s more, they appear to be getting ready for this. Read more of this post

Oracle: Cloudy With a Chance of M&A

Oracle: Cloudy With a Chance of M&A

DAN GALLAGHER

June 20, 2014 2:00 p.m. ET

Oracle ORCL -3.98% closed its fiscal year on a bum note. But the software giant left little doubt that it intends to get big in the cloud—and quickly.

The transition won’t be an easy one. Oracle’s stock fell Friday on the heels of its fiscal fourth-quarter report, in which it missed earnings and revenue forecasts. In part, the shortfall resulted from some customers choosing to subscribe to Oracle’s cloud offerings as opposed to licensing the software. This means less revenue being booked up front because recognition is spread out over time. Read more of this post

China Metal Probe Weighs on Copper Outlook

China Metal Probe Weighs on Copper Outlook

CHUIN-WEI YAP

June 21, 2014 5:10 a.m. ET

BEIJING—Hedge funds and other money managers are building up short positions in the global copper market, according to U.S. data, riding on allegations of fraudulent metal-backed financing in China to amplify pressure on prices of one of the world’s most heavily traded metals.

These positions are likely to further weigh on the outlook for the red metal, as the effects of an official probe on metal stockpiles in the eastern Chinese port of Qingdao continue to ripple across global markets. The port’s operator has confirmed that Chinese authorities are investigating allegations of fraud relating to stockpiles of metals, though the government hasn’t commented publicly. Read more of this post

The ABCs Of A Crash: No Alpha, All Beta, & Consensus Contagion

The ABCs Of A Crash: No Alpha, All Beta, & Consensus Contagion

Tyler Durden on 06/21/2014 19:33 -0400

The vicious circle of central-bank inspired low volatility begetting increasing fragility (instead of 2004-2007’s virtuous circle)is nowhere more clear that in the collapse of alpha generation opportunities and the implicit capitulation of every hedge fund, retail investor, and Goldman muppet to be all-in on stocks. Removing collateral, gating bond funds, and constant warnings that they bonds (not stocks) may be frothy has done nothing but herd an ever more brainwashed investing public into an ever more concentrated ownership of stocks. This, as Citi’s Matt King explains, has distorted markets to no longer follow fundamentals (no matter what you are pitched on TV or by your broker). Read more of this post

‘Consistent’ Earnings Surprises

‘Consistent’ Earnings Surprises

Byoung-Hyoun Hwang 

Cornell University – Dyson School of Applied Economics and Management; Korea University – Department of Finance

Baixiao Liu 

Florida State University

Dong Lou 

London School of Economics & Political Science (LSE)
May 5, 2014

Abstract: 
We hypothesize that analysts with a bullish stock recommendation have an interest in not being subsequently contradicted by negative firm-specific news. As a result, these analysts report downward-biased earnings forecasts so that the company is less likely to experience a negative earnings surprise. Analogously, analysts with a bearish recommendation report upward biased earnings forecasts so that the firm is less likely to experience a strong positive earnings surprise. Consistent with this notion, we find that stock recommendations significantly and positively predict subsequent earnings surprises, as well as narrow beats versus narrow misses. This predictability is concentrated in situations where the motivation for such behavior is particularly strong. Stock recommendations also predict earnings-announcement-day returns. A long-short portfolio that exploits this predictability earns abnormal returns of 125 basis points per month. Read more of this post

The adventure of the copyrighted detective

The adventure of the copyrighted detective

Jun 19th 2014, 22:28 by G.F. | SEATTLE

THE curious case of one Mr Sherlock Holmes has completed its journey through the American courts. Who, if anyone, owns the rights to this precise ratiocinator? An appeals court said on June 16th that in the United States the answer is no one. Mr Holmes as a character, plus the majority of his characteristics and those of his chums, are decidedly in the public domain. Read more of this post

Congress after the cataclysm: Long India’s dominant party, the Gandhis’ machine now barely functions as the opposition

Congress after the cataclysm: Long India’s dominant party, the Gandhis’ machine now barely functions as the opposition

Jun 21st 2014 | From the print edition

IS THE patient dead or merely stunned? The Indian National Congress party was so battered in last month’s general election that recovery may be beyond it. Founded in 1885, the party that did most to extract independence from Britain in 1947 and dominated Indian politics for much of the subsequent seven decades managed to win just 44 seats of 543. One senior Congressman, who boasts a decent record of predicting elections, admits that was beyond his worst imaginings. The “cataclysmic” result constitutes the “most serious crisis” in the party’s long history, worse even than the bleak late 1970s after Indira Gandhi had suspended democracy. He likens the political change now under way to the country’s passing from a first to a second republic. Read more of this post

Sir Isaac Newton: Magician’s brain; The real Sir Isaac Newton was not first king of reason, but last of the magicians

Sir Isaac Newton: Magician’s brain; The real Sir Isaac Newton was not first king of reason, but last of the magicians

Jun 21st 2014 | From the print edition

The Newton Papers: The Strange and True Odyssey of Isaac Newton’s Manuscripts.By Sarah Dry. Oxford University Press; 272 pages; $29.95. Buy from Amazon.com Read more of this post

Indonesia’s next president: The apparently anointed president finds himself in a tough scrap

Indonesia’s next president: The apparently anointed president finds himself in a tough scrap

Jun 21st 2014 | JAKARTA | From the print edition

DURING a recent televised debate between the two men vying to become Indonesia’s next president, Prabowo Subianto strode across the set to hug his startled rival, Joko Widodo. A theatrical gesture meant to convince viewers that even a fiery-tempered former special-forces general has a softer side, it was still a striking show of civility in a race that has turned much nastier since it narrowed to a two-way contest. Read more of this post

Star Investor Shares 15 Unconventional Lessons For Aspiring Entrepreneurs

Star Investor Shares 15 Unconventional Lessons For Aspiring Entrepreneurs

MAGGIE ZHANG STRATEGY  JUN. 20, 2014, 9:56 PM

On Wednesday, Shana Fisher, managing partner of High Line Venture Partners, spoke to a crowd of aspiring entrepreneurs at Y Combinator’s Startup School in New York City.

Fisher is highly renowned as one of the earliest investors in companies including Pinterest, ShopHers, Makerbot, Vine, and Refinery29.

Fisher mentioned that she has often been told she gives founders surprising advice, which she outlined in her talk. Read more of this post

Economics: The Road to Depression; The Great War created a seismic shift in the global balance of economic power-and paved the way to the Great Depression

Economics: The Road to Depression

The Great War created a seismic shift in the global balance of economic power—and paved the way to the Great Depression.

LIAQUAT AHAMED

June 20, 2014 5:35 p.m. ET

The Great War was a financial catastrophe for Europe. For four years, the major European powers devoted some 50% of their GDP annually to fighting the war, only a fraction of which could be financed by taxes. Europe was left saddled with a gigantic overhang of public debt. Read more of this post

Global Leadership: How WWI Helped Unravel the British Empire; The Great War began dethroning a superpower-but it was one of the victors

Global Leadership: How WWI Helped Unravel the British Empire

The Great War began dethroning a superpower—but it was one of the victors

ADAM HOCHSCHILD

June 20, 2014 5:32 p.m. ET

The First World War helped to dethrone a superpower—paradoxically, one of the victors. In 1914, Britain sat atop the greatest empire history had ever seen. King George V and Queen Mary had recently been crowned, with tremendous fanfare, the emperor and empress of India. London was the world’s banker, and the Royal Navy dominated the seas. Read more of this post

The secret of Generation C; What tweens really love about Starbucks’ secret menu is not just that it feels a little subversive – but that it offers ‘customisation’

June 20, 2014 1:09 pm

The secret of Generation C

By Gillian TettAuthor alerts

What tweens really love about Starbucks’ secret menu is not just that it feels a little subversive – but that it offers ‘customisation’

Last weekend I was strolling through central Manhattan with my daughters when they spotted a Starbucks. “We have to go there – please, please!” one declared. “I have to tell all my friends at school!” Read more of this post

The billionaire Chinese financier Zhang Lei was among the first to see the potential in homegrown internet companies. He talks about a career that began when he rented out comics at the age of seven

LUNCH WITH THE FT

June 20, 2014 11:59 am

Zhang Lei has Lunch with the FT

By Henny SenderAuthor alerts

The billionaire Chinese financier was among the first to see the potential in homegrown internet companies. He talks about a career that began when he rented out comics at the age of seven

It is a glorious spring Sunday, the day before commencement at Yale University in New Haven, Connecticut. Among the many alumni returning to the campus is billionaire Chinese financier Zhang Lei, 41, who is a familiar figure here. In 2010 he announced a gift of the propitious amount of $8,888,888 to Yale School of Management, the largest donation made to the business school from one of its graduates. Read more of this post

E-books v paper? Which do our brains prefer? Research is forcing us to rethink how we respond to the written word

June 20, 2014 6:40 pm

E-books v paper?

By Julian Baggini

Which do our brains prefer? Research is forcing us to rethink how we respond to the written word

Choosing books to take on holiday has got more difficult in recent years. Now it is a question not just of what to read but how – on paper, tablet, e-reader, or perhaps even a phone – and people have strong opinions on which is best. But is there any more to the decision than cost and convenience? On this question, the answer suggested by numerous studies into the neuroscience and psychology of reading in different formats is an emphatic yes. Read more of this post

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