Pinboard (jerryking)
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recent bookmarks from jerrykingHow Novartis’s CEO Learned From His Mistakes and Got Help From an Unlikely Quarter - WSJ2023-09-04T02:46:08+00:00
https://www.wsj.com/health/pharma/how-novartiss-ceo-learned-from-his-mistakes-and-got-help-from-an-unlikely-quarter-b087ebbb?mod=lead_feature_below_a_pos1
jerrykingCEOs Novartishttps://pinboard.in/https://pinboard.in/u:jerryking/b:2605121398b4/Benno Schmidt Jr., a Reforming Leader at Yale and CUNY, Dies at 812023-07-11T16:02:52+00:00
https://www.nytimes.com/2023/07/10/nyregion/benno-schmidt-jr-dead.html
jerryking>Yale<< and the City University of New York has died. ....He was 81.......Schmidt was president of Yale for six years, during which he fought with the faculty over painful but necessary >>budget cuts<<, changes that left many people bitter but the university better off in its finances and academic direction.
He spent much longer >>turning around<< the beleaguered City University of New York, >>CUNY<< a sprawling system of two- and four-year colleges and graduate programs that once competed for the city’s brightest minds........“CUNY was in a very sad state — it had no energy, no ideas,”[i.e = it was adrift"] .........“We got hardly any students from >>Bronx Science<< or >>Stuyvesant<<” — two of the city’s most selective public high schools — “or any of the city’s top schools.”..........In 1999, Mr. Schmidt and his colleagues presented a plan to **gut-renovate** [i.e = "root-and-branch"] the system, and over the next 17 years, first as vice-chairman and then as chairman of its board, he executed that vision.
Mr. Schmidt hired faculty by the hundreds. He created an honors college and several graduate schools. He boosted SAT scores of admitted students and brought up the bar-exam pass rate at CUNY’s law school from about 25 percent to nearly 80 percent.[i.e. = "topgrading"/student "quality upgrades"] .......... Schmidt left Yale in 1992 to become chief executive of Edison Schools, a new company with a plan to build a nationwide network of 1,000 for-profit private elementary schools.
Edison never achieved its goal. But under Mr. Schmidt and the company’s founder, the entrepreneur >>Chris Whittle<<, Edison helped change the landscape of primary and secondary education by opening the door to charter schools and to other for-profit ventures.
In 1986, Yale named him, at age 44, as its 20th president. He inherited a troubled institution, with a ballooning deficit, crumbling buildings and a frosty relationship with the surrounding city of New Haven.
Mr. Schmidt arranged for Yale to invest $50 million in neighbourhoods around campus, primarily in affordable housing. He started a $500 million revamp of Yale’s physical plant. And he went on a whirlwind fund-raising campaign, nearly doubling Yale’s endowment during his six-year tenure, to $3 billion from $1.7 billion.........He forced through major changes at Yale’s business school and, later, in its philosophy department, taking over decisions about hiring and tenure that were traditionally left to faculty.......the criticism of Schmidt was that he had begun major changes without doing the hard work of consensus building.[i.e. = "bridge-building"/"buy-in"/"shared_consciousness"]......he didn’t take the time to get his troops to understand what he was doing,”......Schmidt helped push the Yale from being a college with strong professional schools into a university with outstanding professional schools and a college at its center.”
He never lost his commitment to change in education........“I’d rather take the risk of being wrong,” he told a group of Yale faculty and administrators in early 1992, “than go down in history as the president who did nothing in the face of the real conviction that there was a problem.”
]]>adrift backlash bridge-builders budget_cuts buy-in CEOs change change_agents charter_schools Chris_Whittle CUNY deanships education endowments lawyers leaders obituaries pedigree quality_upgrades reform root-and-branch scholars shared_consciousness talent the_best_and_brightest topgrading turnarounds Yale Colleges_&_Universities Bronx_Science specialized_programs Stuyvesant_Highhttps://pinboard.in/https://pinboard.in/u:jerryking/b:2f31db20c95a/A New CEO Says Employees Can’t Work Remotely After All, and They Revolt2023-06-07T09:26:20+00:00
https://www.wsj.com/articles/a-new-ceo-says-employees-cant-work-remotely-after-all-and-they-revolt-81135399?mod=hp_lead_pos11
jerrykingCEOs workplaces work_from_home hybrid_work remote_workinghttps://pinboard.in/https://pinboard.in/u:jerryking/b:d47462257897/Despite more than 1,000 restaurants in his portfolio, Foodtastic CEO Peter Mammas is hungry for more2023-03-24T15:56:54+00:00
https://www.theglobeandmail.com/business/rob-magazine/article-foodtastic-peter-mammas/
jerryking>Since 2016, Mammas has turned Foodtastic from a loose collection of Quebec restaurants with about $20 million in system sales into a fledgling empire poised to hit $1.2 billion in sales this year<<
Foodtastic was different. Its founder and CEO, Peter Mammas, had a long history in the restaurant business.....
At Foodtastic, Mammas oversees 23 restaurant brands—including Quesada, a deal that just recently closed—many of which were accumulated through acquisitions. Since 2016, he’s turned Foodtastic from a loose collection of Quebec restaurants with about $20 million in system sales into a fledgling empire with more than 1,000 restaurants poised to hit $1.2 billion in sales this year. He has a >>coffee chain (Second Cup)<<, >>casual dining<< (Milestones), quick service (Pita Pit), >>pubs<< (Fionn MacCool’s, Shoeless Joe’s), Mexican, Greek and Italian eateries, a microbrewery, and a handful of names mostly confined to Quebec. There are, for example, at least four separate entities comprising the “chicken portfolio,” as he calls it........... Mammas is constantly scouting for potential buys. His son first suggested that Foodtastic purchase Quesada after he found he was spending too much money there. Mammas will cold-call entrepreneurs, but he wants people to call him, too: At the bottom of every press release from Foodtastic is his personal mobile number. He’s nothing if not opportunistic, scooping up recognizable brands that have been beaten down amid the COVID-19 pandemic. In February, the company closed the deal to buy >>Freshii<< Inc. for $74.4 million, about 80% below the healthy-dining chain’s valuation when it went public five years ago. He bought Second Cup for even less—just $14 million, roughly. **Troubled brands** are the most appealing, in some ways. “The ones that are most advantageous for us are where we can fix them and then grow them,” Mammas says........And that’s the real challenge. Any entrepreneur can take advantage of a crisis to borrow money and buy some restaurants. It’s another thing to boost sales and bring in new customers........Mammas is still grappling with some of those questions even as he scouts for more deals. There are holes in the Foodtastic portfolio: no breakfast spots, no Asian cuisine, no quick-serve burgers....... in 2016, Mammas incorporated Foodtastic, along with his brother and a friend, to bring together five brands, one of which was a Quebec chain called La Belle et La Boeuf..........To grow Foodtastic, he needed money. Through a mutual friend, he met Jordan Rubin, who previously worked at Pershing Square Capital Management, the firm founded by activist investor Bill Ackman, which has a large stake in Restaurant Brands International. Rubin went into business for himself; he formed a joint partnership with an asset manager in California called Oaktree Capital Management to invest in restaurants. “My pitch to them was: ‘Listen, you know what MTY has done? We could replicate that,’” Mammas recalls. He secured a $47-million investment in 2018 from the partnership, called Restaurant Royalty Partners.......with a second round of funding in 2021, Foodtastic made at least eight acquisitions, including Second Cup, Copper Branch, Milestones, Pita Pit, Quesada and Freshii. With that, Foodtastic became a national player.
]]>brands cafés casual_dining CEOs chicken coffeehouses competitive_landscape conglomerates cost_savings Covid-19 entrepreneur expansion experimentation fallen_angels fast-food Foodtastic founders franchising Freshii funding hands-on M&A mergers_&_acquisitions Oaktree pandemics Peter_Mammas portfolios private_equity pubs Quebec restauranteurs restaurants roll_ups Second_Cup serial_acquirers supply_chain_squeezehttps://pinboard.in/https://pinboard.in/u:jerryking/b:fef0948faee0/‘Don’t go with the easy choice’: Lessons from mentors that can boost your career2023-03-17T14:24:55+00:00
https://www.theglobeandmail.com/business/careers/management/article-dont-go-with-the-easy-choice-lessons-from-mentors-that-can-boost-your/
jerryking>mentors<< in her life...... they were able to give me important insight at pivotal moments in my life, just when I needed it most,”.....when applying to college, one mentor told her, "“Your biggest challenge is having too many options.[i..e = "overabundance"] You will be great at whatever you choose, but you have to choose.” ........... those words have helped at career >>crossroads<<, when there is no one perfect answer.....“Crossroads can be frustrating, especially when all we want is for someone to tell us what to do. But rather than allowing the weight of the decision to cripple us [i.e. = "overwhelming"], we can instead see it as a good problem. Every option is good, and every potential path is a chance to excel differently,”.........when deciding on post-graduate education: “Don’t go with the **easy choice** [i.e. = "choosing the harder path"/"shortcuts"] just because it is there. Go with the right one for you, even if it is harder.” Yale University had accepted her for law school. But in the end she >>pushed beyond her comfort zone<< to gain entry for an MBA at Stanford University.[i.e. = "doing hard, arduous things"]
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Entrepreneur Ben Casnocha was told when he was 15 years old, “Ben, people in Silicon Valley are ridiculously smart. Super, super smart,” Salesforce founder Marc Benioff advised over breakfast, after being cold e-mailed by the brash youngster. “You’re not going to be able to out-smart people. You have to figure out how to win in some other way.”
At first, Mr. Casnocha figured he could outwork other people. But the same is true for >>hard work<<: Many people could outwork him. Over time, he realized he should become good at facilitating the intelligences of other smart people.
Later, he added the importance of synthesizing a number of skills in a unique way [i.e.= "unique perspectives"] : Very strong – even if not truly world-class – abilities in entrepreneurship and written/oral communication, which could produce some interesting career opportunities.
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Leadership consultant, Wally Bock, was taught a lesson each week by his Lutheran minister father who asked – and took notes – about specific things that could have been stronger in that week’s sermon. Lesson: “You can always get better.” [i.e. = "self-betterment"/"self-improvement"]
When he entered >>Bronx High School of Science<<, after years of being told how smart he was, it was a blow to his ego to find he was not the smartest person in his class. The lesson: There’s always someone smarter.
“That was a tough lesson, and I haven’t learned it as well as I should. But things go better for me when I tamp down my ego [i.e. ego control"] and pay attention to how the other people around me are smart,” he wrote on his blog.
Four other lessons he learned while growing up:
- >>Hard work<< can often overcome a lack of talent.
- Questions will get you farther than showing off.
- Good manners smooth out many a situation.
- Conversation is not a blood sport, it’s the way we build relationships.
Quick hits
- In a world of continual context-switching and distraction, James Stanier, director of engineering at Shopify, says you must make it easy for others to understand what you want, the next steps and whether you have a strong preference. When interacting, make it clear what you want from the other person. [i.e. = "clarity of purpose"/"directness"/"be very specific"/"strategic communications" https://www.theengineeringmanager.com/growth/get-straight-to-the-point/]
- The primary reason you forget is because you weren’t paying attention in the first place, advises author Eric Barker, surveying the research literature. When trying to make a deposit in your memory bank, don’t multitask. Focus, instead.
- When preparing a speech or writing a message, consultant Julie Zhuo suggests aiming for the people who know the least in your target audience.[i.e. = "know your audience"] That allows you to set the context for all, including those who have forgotten relevant facts.
- Patience only works if you do, according to Atomic Habits author James Clear. If you plan to work and are patient you’re just waiting.
“Patience only works if you do.
Doing the work + patience = results.
Planning to work + patience = you’re just waiting.”
]]>Ben_Casnocha Bronx_Science CEOs choices clarity Communicating_&_Connecting crossroads hard_choices hard_work Harvey_Schachter James_Clear managing_your_career Marc_Benioff mentoring optionality overabundance patience smart_people strategic_communications transformational wisdom arduous hard_things self-betterment self-improvement Wally_Bock ego-control shortcuts Deb_Liu know_your_audience choosing_the_harder_path pushing_beyond_one's_comfort_zone unique_perspectives directness clarity_of_purpose next_steps strong_preferences overwhelmedhttps://pinboard.in/https://pinboard.in/u:jerryking/b:4097e5327e04/Opinion: Look beyond grocers such as Loblaw: Food insecurity is going to get a lot worse2023-03-10T16:22:56+00:00
https://www.theglobeandmail.com/business/commentary/article-food-insecurity-inflation-climate-change/
jerryking>Political theatre aside, there's no going back to lower food prices, and as geopolitical tensions rise around the world, it's likely that food insecurity will worsen.<<
Food is getting so expensive that grocery executives such as Loblaw Cos. Ltd. chairman and president Galen G. Weston are being hauled before a >>House of Commons<< committee this week – after dodging a previous informal invite.
But cast aside this bit of **political theatre** and the role of Canadian grocers. Not only is this issue so much bigger than them, everything is also going to get much worse......There’s inflation, yes, plus geopolitical clashes and climate change – three issues that are raising >>anxiety<< levels around the world......>>inflation<<, >>geopolitics<< and >> climate change << may seem discrete, but they are combining [i.e. - "compounded"/"interconnections"] in ways that could push **food insecurity** to crisis levels by the end of this decade.
(1) even as central banks raise interest rates in an attempt to get inflation under control, food prices are not going to fall back to where they were. In other words, a return to a 2-per-cent inflation target won’t return the price of meat, bread or produce back to 2019 levels. It just means that food prices will continue to rise, only a bit more slowly.
(2) Re. geopolitics. Everything changed when Russian tanks rolled into Ukraine. Until that point, the global political and economic order had mostly been settled. The end of the Cold War in the late 80s ushered in a new era of political co-operation and trade liberalization. That era has now abruptly ended......Famine loomed over many African countries as a result. Global commodity prices skyrocketed.....with tensions building between China and the United States, not to mention troubling developments in places such as North Korea and the Middle East, it’s likely that the world will be rocked by more military tension. That could further disrupt trade in agriculture, and in turn, intensify food insecurity.
(3) the impact of climate change and more **severe weather events**.....More severe drought, more devastating flooding, more torturous heat and more crippling cold: All are having an increased negative impact on agricultural production around the world.
Food is a >>necessity<<. Along with fresh drinking water and shelter, food is one of the few things humans absolutely require to live...........agriculture and food insecurity need to be addressed at least as urgently – if not even more so – than the other concerns mentioned here. It is a complex system in which agriculture is both affected by, and contributing to, the worries of geopolitics, inflation and climate change.
**Policy prescriptions** are also complex.....few industries have been as politically charged & motivated as agriculture. Depending on the region, the type of agriculture and the political backdrop, farmers have often been either kingmakers or pawns in the halls of >>legislative power<<.
>>Industrial policies<< to help nurture and sustain agricultural production are needed urgently, and not just for political expediency...... to increase domestic food production.......that sensible path forward might lead toward smaller, more environmentally sustainable and more local food production.......The world is a troubled place at the moment. So many issues and concerns are creating public anxiety...... And while these issues are serious, they will all be made far worse in a world of bare grocery shelves, food >>hoarding<< and empty stomachs.
]]>agriculture anxiety CEOs climate_change complex_systems compounded disruption extreme_weather_events famines food food_security geopolitics grocers hoarding House_of_Commons industrial_policies inflation interconnections invasions Loblaws necessity performative_theatrics policy_choices policy_positions Russia supermarkets Todd_Hirsch Ukraine legislative_powerhttps://pinboard.in/https://pinboard.in/u:jerryking/b:cda611614f19/How Yousry Bissada pulled Home Capital back from the brink - then sold it for a bundle2023-02-24T22:55:45+00:00
https://www.theglobeandmail.com/business/rob-magazine/article-yousry-bissada-home-capital-group/
jerrykingCEOs Home_Capital mortgages turnaroundshttps://pinboard.in/https://pinboard.in/u:jerryking/b:331ca918621b/Peter Herrndorf was ‘the godfather of Canadian arts’2023-02-20T05:15:00+00:00
https://www.theglobeandmail.com/canada/article-peter-herrndorf-was-the-godfather-of-canadian-arts/
jerrykingarts Canadian CBC HBS lawyers obituaries Simon_Houpt TVO boards_&_directors_&_governance CEOs networking super_connectors cultural_institutions leaders public_servicehttps://pinboard.in/https://pinboard.in/u:jerryking/b:d0c62c214563/National Bank CEO Laurent Ferreira preaches focus, discipline as rivals race to bulk up - The Globe and Mail2023-01-31T01:06:11+00:00
https://www.theglobeandmail.com/business/article-national-bank-ceo-laurent-ferreira-preaches-focus-discipline-as-rivals/
jerrykingCEOs financiers NBF Quebec banking banks financial_institutionshttps://pinboard.in/https://pinboard.in/u:jerryking/b:4f267d2c04ae/Restaurateur Charles Khabouth on starting over in Miami2023-01-29T03:53:57+00:00
https://www.theglobeandmail.com/life/food-and-wine/article-charles-khabouth-toronto-miami/
jerrykingCEOs Charles_Khabouth entertainment entertainment_industry entrepreneur impresarios ksfs meetings Miami nightclubs nightlife restauranteurs serving_others serial_entrepreneur TIFF tips Toronto venueshttps://pinboard.in/https://pinboard.in/u:jerryking/b:86f5c2e62db6/How the 1% Runs an Ironman - The New York Times2022-12-06T17:14:09+00:00
https://www.nytimes.com/2022/12/06/magazine/ironman-xc.html
jerryking>subcategory<< of Ironman that caters to >>high-achieving<<, >>time-strapped<< business executives......A typical Ironman race field has about 2,000 competitors, and the entry fee is between $475 and $675. The XC pool in such a race is 10 to 15, and the fee ranges between $5,700 and $15,000. In addition to being a C-level executive, applicants are generally referred for consideration and sit for an interview, though it’s less onerous than it sounds, more of a jerk filter than an admissions process......He describes the program as “a coming together of people who are like-minded, navigating vastly different but very similar challenges” — like managing a group of car dealerships in Vermont, he adds, or running the security side of Microsoft.........Among the perks of XC is a choice room at the hotel closest to the starting line.....XC runs the way XCers like their businesses to run. For them, true luxury is everything in its right place, operating like clockwork.
What else do XCers get for their thousands? “White-glove level of service,”......make this experience as fun and frictionless as possible.............Business leaders are drawn to Ironman for all kinds of competitive, self-actualizing reasons, but according to Dixon, this particular expression of psychopathy is the ultimate test of >>problem solving<<. That problem could be mechanical, like a blown tire, or it could be physical, like mismanaging your hydration and needing to adjust your race plan, or it could be mental, like your brain’s instructing you to lie down and die. Part of finishing the race is a mind-set that comes naturally to gifted executives: Every problem has a solution. XCers, though, tend to be “on the outlier fringe,” Dixon says. What distinguishes them is their ability to maintain this mind-set under extreme duress. Ironman XC is like catastrophe practice. “By going on that journey,” he says, “you are going to draw a whole bunch of lessons about overcoming challenges, adversity, etc., and you don’t have to be that smart to join the dots to the same lessons that come in life.”.........Over the same period, effective leadership has undergone a rethink similar to Ironman itself, a shift from the original metaphor — unbending, unstoppable, indestructible — to a kind of radical mind-body balance, the seemingly paradoxical notion that the right kind of not working holds the key to improving your work. Take sleep, which used to be for the soft and weak, a thing lazy people did while the masters of the universe were busy crushing it around the clock. “A lack of sleep used to be a badge of toughness amongst high-performing people,” Dixon says. “Now it’s a badge of stupidity. Every single high-performing C.E.O. that I work with prioritizes sleep. Every single one. I don’t work with a C.E.O. who doesn’t sleep at least seven hours every night.”.....Almost by force of gravity, XC has come to replicate the social and structural dynamics of the corporate world: white and male, plus one or two women who’ve been the one or two women in a roomful of men their whole lives.....Shortly after Team Canada signed up for Mont-Tremblant, Hansen, in his capacity as chief executive of Hansen Signs, found himself in the box. His company had underestimated the budget for a two-year, $600,000 project to such a degree that merely breaking even on it would be next to impossible. He gathered his team and told them: “We made a mistake here, and we’re going to have to fix it, and the way that we’re going to fix it is by finding opportunities in every step of the process.” This problem would not be solved in a day, or two days, or two months. This problem was Ironman-size, and so they would all have to be Ironmen to solve it, and so that’s what they did. They finished the project.[i.e. = "BHAGs"] Hansen’s family business survived an existential crisis.
Once you’ve pushed your body and mind to race all those miles in a single day, the crises of normal life become speed bumps.......
.....
]]>Accomplisher_Class arduous C-Suite CEOs concierge_services cross-training curation dedication discomforts discretionary_spending endurance exercise executive_management fitness hard-charging hard_things high-achieving Ironman marathons mindsets perks personal_accomplishments problem_solving running The_One_Percent sleep subcategories time-strapped triathlons willpower BHAGs extreme_sports top_performershttps://pinboard.in/https://pinboard.in/u:jerryking/b:10a2bc976c4d/Opinion | Elon Musk Faces His Waterloo2022-11-18T17:10:03+00:00
https://www.nytimes.com/2022/11/14/opinion/musk-twitter-tesla.html?searchResultPosition=1
jerryking>self-defeating<< overconfidence. Said Wadhwa: “It’s the same God complex.”
]]>autocrats CEOs Elon_Musk founders God_complex obsessiveness overconfidence Peter_Coy ruthlessness self-defeating Steve_Jobs visionaries Vivek_Wadhwa Walt_Disneyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:5daf74ac7275/From Shortage to Glut: Scotts Miracle-Gro Is Buried in Fertilizer2022-09-16T23:20:19+00:00
https://www.wsj.com/articles/scotts-miracle-gro-shortage-glut-inventory-fertilizer-11663261193
jerryking>shortage<< to >>glut<<.......Scotts Miracle-Gro CEO, Jim Hagedorn, says he is lucky it didn’t get him fired.....In April 2022, Scotts Miracle-Gro Co. was bracing for the biggest summer ever.....Investments in new manufacturing capacity were paying off as the company prepared for the usual rush of May orders from retailers looking to replenish their stocks.
The orders never came, and by Memorial Day, the company was in trouble. Scotts has already cut about 450 jobs, or around 6% of its workforce, since May, and more layoffs are coming. Manufacturing plants have been slowed. Cash is dwindling. Nobody is getting bonuses. Instead, the company is in full-blown crisis mode.
Versions of this story are playing out across business sectors, where makers of everything from clothing to kitchen appliances have gone from trying to catch up to demand to buckling under the weight of their own inventory, in a matter of weeks. Now many companies are cutting jobs, idling plants and working to undo many of the other steps they took to ensure they would have enough products to sell........Scotts was largely a casualty of bloated inventory at big retailers like Walmart Inc., Target Corp. and Home Depot Inc. Those companies didn’t foresee the sharp reversal in buying behavior that has taken place in recent months as shoppers, squeezed by inflation, cut back on furniture, electronics and other goods and shifted spending to travel, food and fuel.
]]>CEOs forecasting gardening glut inventories manufacturers oversupply retailers Scotts_Miracle-Gro shortages supply_chains bullwhip_effect fertilizers imbalances over-ordering overcorrection rapid_change stockpileshttps://pinboard.in/https://pinboard.in/u:jerryking/b:3698ccd96472/The Jeff Bezos Effect: The Latest CEO Flex Is Washboard Abs2022-09-05T18:37:12+00:00
https://www.wsj.com/articles/ceo-workout-abs-bezos-musk-11662166439?mod=hp_trending_now_article_pos2
jerrykingAri_Emanuel C-Suite CEOs exercise fitness Jeff_Bezos Mark_Cuban midlife strength_traininghttps://pinboard.in/https://pinboard.in/u:jerryking/b:be6bd22e119b/How to run a business at a time of stagflation2022-07-19T00:21:34+00:00
https://www.economist.com/business/2022/06/08/how-to-run-a-business-at-a-time-of-stagflation
jerryking>“stagflation”<< is preoccupying the denizens of corner offices. Today’s executives may think of themselves as battle-hardened—they have experienced a financial crisis and a pandemic. However, the stagflationary challenge requires a different toolkit that borrows from the past and also involves new tricks.......The primary task for any management team is to defend >>margins<< and >>cashflow<<, which investors favour over revenue growth when things get dicey........To create shareholder value in this environment companies must increase their cashflows in real terms. That means a combination of cutting expenses and passing cost inflation on to customers without dampening sales volumes.
Cost-cutting will not be easy. The prices of commodities, transport and labour remain elevated and most companies are price-takers in those markets. Supply-chain constraints have begun to ease a bit and may keep easing in the coming months. But disruptions will almost certainly continue.........The input bosses can control most easily is labour. After months of frenzied hiring, companies are looking to protect margins by getting more from their workers—or getting the same amount from fewer of them. The labour market remains drum-tight.....American bosses are again demonstrating that they are less squeamish about lay-offs than their European counterparts.....the latest quarterly earnings calls more American ceos have been talking up automation and labour efficiencies........In the current climate, though, hard-headed (and hard-hearted) cost control won’t be enough to maintain profitability. The remaining cost inflation must be pushed through to customers. Many businesses are about to learn the difficulty of raising prices without crimping demand. The companies that wield this superpower often share a few attributes: weak competition, customers’ inability to delay or avoid the purchase, or inflation-linked revenue streams. A strong brand also helps. >>Starbucks<< boasted on an earnings call in May that, despite caffeinated price rises for its beverages, it has struggled to keep up with “relentless demand”.[i.e. = "rising demand"]
]]>cash_flows CEOs cost-controls cost-cutting hard_times howto inflation labour layoffs margins Paul_Volcker price_hikes productivity running_a_business stagflation Warren_Buffett price-takers rising_demand brands Starbuckshttps://pinboard.in/https://pinboard.in/u:jerryking/b:abe4f709a898/Chris Cocks Is Hasbro’s Gamer in Chief2022-03-04T13:23:15+00:00
https://www.wsj.com/articles/chris-cocks-is-hasbros-gamer-in-chief-11646389842?mod=hp_lead_pos11
jerrykingHasbro hedge_funds shareholder_activism toys videogames analog CEOs children retro boards_&_directors_&_governance brands entertainment product-orientated board_games games Coca-Cola redefining_the_markethttps://pinboard.in/https://pinboard.in/u:jerryking/b:42e33db45f6c/Bloomberg Media CEO Justin Smith Steps Down to Found News Startup - WSJ2022-01-05T04:27:51+00:00
https://www.wsj.com/articles/bloomberg-media-ceo-justin-smith-steps-down-to-found-news-startup-11641310893?mod=hp_lista_pos2
jerrykingBloomberg CEOs digital_media high-end journalism newsrooms platforms start_ups college-educatedhttps://pinboard.in/https://pinboard.in/u:jerryking/b:c3f1349020a8/Spotify Has Plans To Move Beyond Music And Become The Instagram And TikTok Of Audio2021-11-30T04:07:45+00:00
https://www.forbes.com/sites/stevenbertoni/2021/11/29/spotify-has-plans-to-move-beyond-music-and-become-the-instagram-and-tiktokofaudio/?sh=475ad3501497
jerrykingCEOs content_creators Daniel_Ek founders music podcasting Spotify streaming advertising_networks audio brands data live-contenthttps://pinboard.in/https://pinboard.in/u:jerryking/b:4b82b39e9d8a/Farewell Offshoring, Outsourcing. Pandemic Rewrites CEO Playbook.2021-11-01T22:16:48+00:00
https://www.wsj.com/articles/pandemic-rewrites-ceo-rulebookputting-reliability-before-efficiency-11635779679?mod=hp_lead_pos5
jerrykingbottlenecks CEOs COVID-19 global_economy in-house in-sourcing logistics manufacturers multinationals offshoring outsourcing pandemics playbooks shortages supply_chains third-party uncertainty supply_chain_squeeze reshoringhttps://pinboard.in/https://pinboard.in/u:jerryking/b:3f135d1e8a08/Politico’s New Owner Plans to Grow Staff, Launch Paywall - WSJ2021-10-16T04:03:14+00:00
https://www.wsj.com/articles/politicos-new-owner-plans-to-grow-staff-launch-paywall-11634325249?cx_testId=3&cx_testVariant=cx_69&cx_artPos=0&mod=WTRN#cxrecs_s
jerrykingAxel_Springer CEOs digital_mediahttps://pinboard.in/https://pinboard.in/u:jerryking/b:63345c9f8fa9/The College Dropout Who Took Merrill Lynch Global2021-10-01T15:37:04+00:00
https://www.wsj.com/articles/the-college-dropout-who-took-merrill-lynch-global-11633096800?mod=hp_featst_pos4
jerrykingbooks CEOs international_expansion Merrill_Lynch obituarieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:d56d223dc32a/Pfizer chief Albert Bourla: ‘We are the most efficient vaccine machine’2021-08-15T11:04:07+00:00
https://www.ft.com/content/97c597dc-03b1-4ece-a302-f9793698ded6
jerrykingCEOs COVID-19 pandemics Pfizer vaccineshttps://pinboard.in/https://pinboard.in/u:jerryking/b:207f67390eb7/Mary Wells Lawrence - Wikipedia2021-08-12T16:02:39+00:00
https://en.wikipedia.org/wiki/Mary_Wells_Lawrence
jerrykingadvertising advertising_agencies CEOs founders trailblazers Wikipedia womenhttps://pinboard.in/https://pinboard.in/u:jerryking/b:c84828ad5028/Shalev Hulio, NSO head and cyber weapon salesman2021-07-23T19:54:26+00:00
https://www.ft.com/content/8c31af1b-7b25-4434-af09-bd9e1b49009b
jerrykingauthoritarianism Bahrain CEOs Citizen_Lab civil_society cyberattacks cybercrimes cybermercenaries cyberweapons cyber_security cyber_warfare dark_side diplomacy eavesdropping encryption export_controls founders hackers human_rights influence_campaigns Israel Israeli leverage listening_devices MbS Middle_East Mossad NSO offensive_tactics Pegasus right-wing Rwanda Saudi_Arabia Saudis security_&_intelligence small_states smartphones spycraft spyware surreptitious surveillance threats tools traceability tracking UAE weaponry cyberespionagehttps://pinboard.in/https://pinboard.in/u:jerryking/b:3ca98b683a3c/The EU must play a long game for semiconductor success 2021-04-29T18:35:48+00:00
https://www.ft.com/content/34b07427-6bca-431d-8406-62762fc46941
jerrykingCEOs COVID-19 EU Intel semiconductors shortages supply_chainshttps://pinboard.in/https://pinboard.in/u:jerryking/b:34bfece1c393/Vartan Gregorian, academic and philanthropist, 1934-20212021-04-25T03:03:21+00:00
https://www.ft.com/content/73bce3a4-fe1c-4b5a-8225-43f00d6b3cc6#comments-anchor
jerryking>cultural institution<<, stressing its centrality to the city, alongside the Botanical Gardens and the Metropolitan Museum of Art.”.........The cost of the refurbishment was initially calculated at $1bn, later pared back to $479m, still an extraordinary sum in those days. But Gregorian won everyone round to the cause, from Mayor Ed Koch to Wall Street and, most important, Brooke Astor, the legendary philanthropist, socialite and honorary chair of the Library’s board of trustees.
Astor and Gregorian were the ultimate double act. She also introduced him to high society — from Jacqueline Kennedy Onassis to Henry Kissinger — and to the very best restaurants.
But he built a dazzling network of contacts, later to prove invaluable during his 24 years as president of the Carnegie Corporation, the philanthropic foundation established in 1911 by the former steel baron Andrew Carnegie to champion the cause of education and international peace.......At Carnegie, where I serve as a trustee, Gregorian presided over an endowment of around $3.5bn, allowing him to dispense several hundred million dollars a year to good causes [i.e. = "foundation power"]. He would read the application for every grant, however small.
He wore his intellect lightly, often dispensing wisdom through aphorisms. When he was dreaming up some new Carnegie award, he would occasionally stop and declare: “These walls have mice. And mice have ears.”
Gregorian never forgot how the US had embraced him as an immigrant and naturalised citizen. America, he often said, was not so much a country as an idea, where civic responsibilities needed to be taught and not taken for granted.
Cemeteries, he wrote, were full of irreplaceable people. Gregorian, who died in hospital shortly after turning 87, was indeed unique.
]]>obituaries endowments engaged_citizenry philanthropy Armenian-Americans fundraising immigrants NYPL PhDs public-spiritedness scholars turnarounds Andrew_Carnegie Carnegie_Corporation cultural_institutions CEOs leaders foundation_powerhttps://pinboard.in/https://pinboard.in/u:jerryking/b:8753a725d469/Has Elon Musk read Tennessee Williams?2021-04-19T21:05:45+00:00
https://www.ft.com/content/74b2bd30-faf7-4c99-a781-65abc86df99e
jerrykingambitions arduous artists CEOs change_agents disruption Elon_Musk entrepreneur failure high-achieving hubris innovators literature mistakes overambitious playwrights soul-enriching SpaceX Tesla Tennesse_Williams vacuousness workaholic discomforts playing_it_safe boldness gung-ho hard-charging daring bravadohttps://pinboard.in/https://pinboard.in/u:jerryking/b:f903386c6043/The online at-home fitness boom: can it last?2021-03-24T03:41:43+00:00
https://www.ft.com/content/8029a3d9-669f-4784-ba8d-216804c3378e
jerrykingbooming brands CEOs connected_devices Covid-19 exercise fitness founders gyms lockdown Mirror on-demand online_communities pandemics Peloton streaming virus-fueled_growth wellness workouts subscriptions home-basedhttps://pinboard.in/https://pinboard.in/u:jerryking/b:a2ae7a01ad95/McKinsey elects Bob Sternfels as next leader of crisis-hit partnership | Financial Times2021-03-11T20:44:27+00:00
https://www.ft.com/content/c0619e19-2696-4ed4-9538-7ce5c2b9357f
jerrykingappointments CEOs management_consulting McKinseyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:a9e99de73dcc/The CEO whisperer: ‘Every leader needs a fool’2021-03-07T23:17:45+00:00
https://www.ft.com/content/74280f82-1523-4cc4-bc3c-4c8eb12ef4b8
jerryking>purpose<< in life.
(3) Competence. Practice your craft.
(4) Choose the right partner and career.
(5) transcendence--to go beyond yourself. Happiness is something to do, someone to love and something to hope for
Those sceptical about psychotherapy call it something else--coach!!.......“The best leaders,” he says, “are the ones who act and reflect. I sometimes ask them: ‘Can I see your agenda?’ And every moment is full. I ask them: ‘Are you out of your mind? Cross out some afternoons, walk around and think.’”
]]>authors books CEOs echo_chambers gurus HBS Holocaust hunting Insead leaders management pandering PhDs psychoanalysis psychology self-reflection WWII whispering writers purpose slack_time sustained_inquiry thinking bad_news court_jesters speak_truth_to_power carnivorehttps://pinboard.in/https://pinboard.in/u:jerryking/b:1455c7e4d333/Roz Brewer, chemist bringing a new formula on diversity to Walgreens2021-01-30T12:54:36+00:00
https://www.ft.com/content/c9cde9b1-25de-4f72-94fd-e5a8e81d8752
jerrykingAfrican-Americans CEOs Rosalind_Brewer Walgreens womenhttps://pinboard.in/https://pinboard.in/u:jerryking/b:506e72c838e9/A CEO’s challenge to meet stratospheric demand2020-12-24T19:09:40+00:00
https://www.ft.com/content/37052d2f-1907-436c-872e-5670af7e3607
jerryking3M CEOs leadership pandemics surge_capacity Communicating_&_Connecting preparationhttps://pinboard.in/https://pinboard.in/u:jerryking/b:eb75991271d4/Canadian Lance Uggla and CPPIB struck it rich building IHS Markit. Now they’re selling to S&P Global2020-12-09T02:52:56+00:00
https://www.theglobeandmail.com/business/article-canadian-lange-uggla-and-cppib-struck-it-rich-building-ihs-markit-now/
jerrykingdata entrepreneur founders Markit proprietary Tim_Kiladze CEOs financial_datahttps://pinboard.in/https://pinboard.in/u:jerryking/b:eb8baebdf660/Lance Uggla, a financial geek spinning data into gold | Financial Times2020-12-05T07:03:10+00:00
https://www.ft.com/content/d7fe2618-84d6-4df6-a970-91bef99e62d7
jerrykingdata entrepreneur financial_data geeks CEOs founders Markithttps://pinboard.in/https://pinboard.in/u:jerryking/b:2572efb6f2c5/Under the covers: Taschen’s colourful future2020-10-21T05:34:08+00:00
https://www.ft.com/content/aaa45bff-4f42-452c-89c0-e96d0ce4abc2
jerryking360-degree anniversaries art art_books books brands CEOs coffee-table collectibles cookbooks cultural_signifiers digital_strategies diversification documentaries e-commerce erotica exclusivity films game_changers family_business German kinky pandemics photography political_correctness privately_held_companies publishing quirky retailers storytelling women production_values through_line unifying_principle centers_of_gravityhttps://pinboard.in/https://pinboard.in/u:jerryking/b:cb89e5b5cd2d/Arsène Wenger on leadership and life after Arsenal2020-10-20T02:33:14+00:00
https://www.ft.com/content/78f21f12-afee-4a4d-bff9-ce232fa4976e
jerrykingArsenal Arsène_Wenger books CEOs coaching leadership soccer Simon_Kuper Alex_Ferguson German high-achieving intrinsically_motivated Johan_Cruyff José_Mourinho memoirs messages_from_the_future nutrition questions football_transfer_markethttps://pinboard.in/https://pinboard.in/u:jerryking/b:4a21d62977c7/Deloitte AI head Shelby Austin to lead startup spun out of consulting giant - The Globe and Mail2020-10-14T01:28:49+00:00
https://www.theglobeandmail.com/business/article-deloittes-ai-head-to-lead-toronto-startup/
jerrykingartificial_intelligence CEOs Deloitte start_ups Arteria contracts large_companies spin-offshttps://pinboard.in/https://pinboard.in/u:jerryking/b:4487640a3f30/Remote working brings rich opportunities for Russia’s recruiters2020-10-09T03:42:21+00:00
https://www.ft.com/content/39a01629-ba21-493b-b17b-878eae522e57
jerrykingAlfa-Bank banks CEOs coders Covid-19 data_scientists financial_services inland IT Moscow pandemics recruiting regulations remote_working Russia software_developers St_Petersburg colleges_&_Universities standard_of_livinghttps://pinboard.in/https://pinboard.in/u:jerryking/b:3b07c6ff547c/FreshBooks reduces headcount by 9%, CEO says company remains in "growth mode" despite COVID-19 | BetaKit2020-10-06T15:24:53+00:00
https://betakit.com/freshbooks-reduces-headcount-by-9-ceo-says-company-remains-in-growth-mode-despite-covid-19/
jerrykingCEOs COVID-19 Freshbooks layoffs Michael_McDerment pandemicshttps://pinboard.in/https://pinboard.in/u:jerryking/b:9d7e89546fc5/The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O.2020-10-05T01:21:24+00:00
https://www.nytimes.com/2020/10/03/business/tidjane-thiam-credit-suisse.html?action=click&module=Well&pgtype=Homepage§ion=Business
jerrykingbanking boards_&_directors_&_governance CEOs Credit_Suisse financial_services Switzerland Tidjane_Thiam Africans cultural_fit black_menhttps://pinboard.in/https://pinboard.in/u:jerryking/b:3d8e237c341c/Alex Karp, unconventional purveyor of powerful surveillance tools | Financial Times2020-10-04T05:54:05+00:00
https://www.ft.com/content/8ea36422-2f65-4a14-93be-b7b4d38362e3
jerrykingAlex_Karp artificial_intelligence CEOs massive_data_sets Palantir Silicon_Valley surveillance toolshttps://pinboard.in/https://pinboard.in/u:jerryking/b:a2620a6c5882/Property investor Ric Lewis: ‘Nobody wants to work with people they don’t like’2020-09-29T02:02:52+00:00
https://www.ft.com/content/a07f8fd5-9531-4b88-89c7-90c643ab863d
jerrykingAfrican-Americans asset_management commercial_real_estate HBS Ric_Lewis scholarships students United_Kingdom Black_Lives_Matter boards_&_directors_&_governance CEOs charities diversity founders human_nature investors organizational_culture Tristan_Capitalhttps://pinboard.in/https://pinboard.in/u:jerryking/b:b7923696c7d5/Opinion: While some corporations used hope as a strategy, others, like CN, were nimble in adapting to the pandemic - The Globe and Mail2020-09-21T20:59:50+00:00
https://www.theglobeandmail.com/business/commentary/article-ceos-who-figured-out-the-pandemic-emerge-as-stars-in-post-labour-day/
jerryking>Hope is not a strategy<<. Only the nimble are going to prosper.
One of Canada’s oldest companies – Canadian National Railway Co. – emerged as a star of this conference season. CEO Jean-Jacques Ruest and his colleagues popped up on Zoom for three investor events over the past two weeks, held by Bank of Nova Scotia, Morgan Stanley and Cowan & Co. After recently celebrating its 100th birthday, the former Crown corporation showed it is light on its feet.
CN, along with most public companies, withdrew the financial guidance it provides to investors last March when the pandemic hit North America. That left shareholders guessing at the company’s prospects. As part of their recent presentations, CN executives revealed how they rejigged the railway – 25,000 employees moving about 110,000 rail cars each week across 33,000 kilometres of track – when business all but shut down in late March and April.
Rather than store locomotives and cars in rail yards, the traditional approach when equipment is idle, CN figured out which of its customers ran essential services that would be needed most as the economy reopened – food distributors and farmers were at the top of the list. The railway took steps to keep employees safe, then shifted empty trains to sites near these clients, such as 23 Canadian and U.S. terminals that feature refrigerated facilities. Maintenance and security teams were redeployed. It was a massive logistical exercise. It helped ensure grocery store shelves remained stocked.
CN cut non-essential spending in March, shutting down its share repurchase program, but decided to follow through on $2.9-billion of planned investments. In July, the company ordered 1,500 new grain hoppers. At the time, Mr. Ruest said: “By investing in the construction of these new cars, we want to help quickly stimulate the North American economy by supporting manufacturing and agriculture-related jobs.”
In August, when most of the world was off on vacation, CN began moving freight through a new ship-to-shore transport system in Halifax. The East Coast’s largest cranes now service the biggest container vessels to ever dock in Canada. This only happened after the railway spent $85-million upgrading its Nova Scotia network.
CN’s stock price is up by 44 per cent since the broad stock market selloff in March. Coming out of the Scotiabank conference last week, analyst Konark Gupta said in a report: “While the railroad is facing volume headwinds in the near term due to the impact of COVID-19 on the global economy, we like it on a relative basis for its top-quality and defensive attributes, strong balance sheet and management team.”
]]>action_plans Andrew_Willis CEOs CN COVID-19 nimbleness pandemics railways reconfiguration refrigeration terminals ahead_of_the_curve cold_storage pre-positioning global_economy crown_corporations hope_is_not_a_strategyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:6a0963eac714/The Woman Taking Over TikTok at the Toughest Time2020-09-14T18:52:49+00:00
https://www.nytimes.com/2020/09/11/technology/tiktok-vanessa-pappas-bytedance.html?action=click&module=Well&pgtype=Homepage§ion=Technology
jerryking>hard to replicate<<.”….TikTok was right to make its power users a priority.
“They need to be investing in those folks,” he said. “There’s so many things out of their control, but their future growth is based on influencers and content creators continuing to evolve and grow and leverage the new capabilities TikTok is rolling out.”…... Ms. Pappas joined YouTube and quickly rose through the ranks. She was YouTube’s first audience development lead, a role that led her to connect with video makers. Her division at YouTube developed and popularized the term “creator” and helped transform video blogging, or vlogging, into a full-time job.
Ms. Pappas also wrote a book, “The YouTube Creator Playbook,” on how creators could make money from their followings, in 2011. She went on to develop YouTube’s Creator Academy, an educational content portal that teaches creators how to build a business on YouTube, and a channel certification program, which teaches creators about digital rights management, legal issues and advanced analytics……..TikTok lured her from YouTube at the end of 2018 to be its general manager and head of North America, based in Los Angeles. At the time, TikTok had just expanded globally. It was a new challenge for Ms. Pappas, who said she had wanted to get in on the ground floor of the next big creator movement…….Young people flocked to TikTok, which made it easy for them to create videos with a robust mobile-first suite of video editing tools…….TikTok wasn’t wholly dependent on one’s social graph, or how many friends someone had. The app’s discovery algorithm instead surfaces popular trending content from people with followings both large and small, keeping users in the app longer and coming back more frequently…...said that Pappas' leadership style was driven by data and that she often asked people to provide information to back up their projects and proposals. That helped the company avoid allowing dominant personalities and workplace politics dictate the way it was run…….The American entertainment industry began reorienting itself around TikTok. Top Hollywood agents, casting directors and modeling scouts scoured the app for up-and-coming stars. Brands paid millions of dollars to tap into TikTok’s coveted Gen Z audience. Thousands of TikTok creators have made the pilgrimage to Los Angeles to live full time as creators…...The coronavirus has strengthened the ties among the TikTok community, Ms. Pappas said. Videos have trended under the #HappyAtHome hashtag, as creators riff off one another’s indoor experiments…..Nick Tangorra, 22, a TikTok creator with 1.2 million followers, said he had met Ms. Pappas only once but believed that she was the only tech leader who understood the creator community’s needs.
“It starts at the top,” he said. “TikTok knows fully that this app is what it is because of its creators. Vanessa is putting such an emphasis on creators, making sure we feel supported by the platform.”
]]>algorithms appointments Beijing books CEOs community_builders content_creators crisis creative_types data_driven digital_influencers Donald_Trump fans Generation_Z leadership mobile-first mobile_applications Oracle platforms power_users selling_a_business TikTok tools video_clips video_culture visual_culture vlogging women YouTube entertainment_industry post-Coronavirus_era followers online_communities hard_to_replicatehttps://pinboard.in/https://pinboard.in/u:jerryking/b:324930d7c136/The challenge of turning a crisis into an advantage | Financial Times2020-08-04T01:16:16+00:00
https://www.ft.com/content/d48e4c5e-3b2b-4366-9c10-d28557ec0d73
jerrykingautomation CEOs COVID-19 crisis design digitalization direct-to-consumer furniture Herman_Miller manufacturers Michigan pandemics retailers Steelcase supply_chains women work_from_home lemons-to-lemonadehttps://pinboard.in/https://pinboard.in/u:jerryking/b:7b7cc370598d/New York Times names trusted insider Meredith Kopit Levien as chief2020-07-23T01:26:38+00:00
https://www.ft.com/content/0f646a78-609b-474b-a881-d013d5844ae1
jerryking>under pressure<<”, she would “continue to invest in and defend the high-quality, independent journalism on which our democracy depends”.
When Mr Thompson took the helm of the publisher, like many other traditional news groups, it was struggling with declining circulation, advertising and still experimenting with business models for the digital age.
More than any other global news publisher, the New York Times sought to invest heavily in journalism, backed by the rapid expansion of its digital subscriber base, particularly following the election of Donald Trump.
The New York Times now has more than 6m paying readers, a base that is looked at with envy by the rest of the US industry. In the first three months of 2020 alone it added around 600,000 subscriptions, or more than the digital subscriber base of both the LA Times and Boston Globe combined. ]]>newspapers appointments CEOs digital_media insiders NYT women succession under_pressurehttps://pinboard.in/https://pinboard.in/u:jerryking/b:91cd5c5e01d2/Kenneth Frazier, the Merck boss taking a stand against racial injustice2020-06-05T20:18:20+00:00
https://www.ft.com/content/bee4c405-05df-4e9d-a93b-955366330e9e
jerryking>mealy-mouthed<<,”
]]>African-Americans CEOs death_row legal_strategies Merck pharmaceutical_industry values Kenneth_Frazier HLS lawyers racial_injustice racism general_counsels mealy-mouthedhttps://pinboard.in/https://pinboard.in/u:jerryking/b:43b44c094595/‘I Could Solve Most of Your Problems’: Eric Schmidt’s Pentagon Offensive2020-05-03T20:46:15+00:00
https://www.nytimes.com/2020/05/02/technology/eric-schmidt-pentagon-google.html?action=click&module=Well&pgtype=Homepage§ion=Technology
jerryking>weapons systems<< and what have you.” Mr. Schmidt is pressing forward with a Silicon Valley worldview where advances in software and A.I. are the keys to figuring out almost any issue. ]]>Alphabet artificial_intelligence CEOs China China_rising conflicts_of_interest Darpa engineering Eric_Schmidt Google machine_learning military-industrial_complex Pentagon SecDef Silicon_Valley software start_ups technology U.S._military vc venture_capital reinvention Second_Acts adversaries bureaucracies rivalries security_&_intelligence problem_solving Cade_Metz career_reinvention things_I_can_do_for_you weapons_systemshttps://pinboard.in/https://pinboard.in/u:jerryking/b:2290eb0cdc35/The CEO who built Cisco into a powerhouse has a sobering coronavirus diagnosis: At least nine months of economic pain - MarketWatch2020-04-08T04:30:45+00:00
https://www.marketwatch.com/story/the-ceo-who-built-cisco-into-a-powerhouse-has-a-sobering-coronavirus-diagnosis-at-least-nine-months-of-economic-pain-2020-04-07?mod=hp_minor_pos19&adobe_mc=MCMID%3D40386264467971997291122119096518373306%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1586313309
jerrykingCEOs Cisco COVID-19 crisis culling digital_strategies economic_downturn Fortune_500 John_Chambers North_Star pandemics reinvention start_ups viruses post-coronavirus_erahttps://pinboard.in/https://pinboard.in/u:jerryking/b:bf47141c6090/Great Escapes: Expensify CEO David Barrett’s Five Books to Help Weather the Storm2020-03-21T11:08:54+00:00
https://www.barrons.com/articles/great-escapes-expensify-ceo-david-barretts-five-books-to-help-weather-the-storm-01584740915?mod=hp_minor_pos25&adobe_mc=MCMID%3D64429048710458450750763419891671319363%7CMCORGID%3DCB68E4BA55144CAA0A4C98A5%2540AdobeOrg%7CTS%3D1584788687
jerrykingbooks booklists CEOs economic_downturn hard_times pandemics reading_lists Jared_Diamond science_fiction Jane_Austen Cixin_Liu Liu_Cixin Kim_Stanley_Robinsonhttps://pinboard.in/https://pinboard.in/u:jerryking/b:5fcd0fbc798f/Breaking a glass ceiling: Janet Bannister becomes first woman to lead one of Canada’s largest early-stage VC firms2020-01-27T21:26:45+00:00
https://www.theglobeandmail.com/business/technology/article-breaking-a-glass-ceiling-janet-bannister-becomes-first-woman-to-lead/
jerrykingCEOs glass_ceilings Real_Ventures Toronto trailblazers women vc venture_capital early-stage boards_&_directors_&_governance gender_gaphttps://pinboard.in/https://pinboard.in/u:jerryking/b:22ffd1f07741/Radical Survival Strategies for Struggling Colleges2019-10-29T00:42:26+00:00
https://www.nytimes.com/2019/10/10/education/learning/colleges-survival-strategies.html?action=click&module=Well&pgtype=Homepage§ion=Education
jerrykingbusiness_models CEOs Colleges_&_Universities corporate_training differentiation downward_spirals economies_of_scale education enrollment good_intentions growth hard_times Howard mergers_&_acquisitions mid-sized partnerships store_closings students wishful_thinking survival_strategieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:41fcd114ab57/Fidelity’s search for the technology of tomorrow2019-10-21T14:09:58+00:00
https://www.ft.com/content/b90cbc8a-ef45-11e9-bfa4-b25f11f42901
jerrykingblockchain Fidelity_Investments asset_management financial_services investment_management money_management winner-take-all organizational_culture the_great_game virtual_reality Abigail_Johnson CEOs legacy_tech artificial_intelligence digital_assets subconscious technical_debthttps://pinboard.in/https://pinboard.in/u:jerryking/b:b8c33a5f367b/Hershey’s C.E.O. Knows How to Get Americans to Indulge - The New York Times2019-10-18T17:15:05+00:00
https://www.nytimes.com/2019/10/10/business/michele-buck-hershey-corner-office.html
jerrykingCEOS women confectionery_industry Hersheyhttps://pinboard.in/https://pinboard.in/u:jerryking/b:3ebcae16e763/Dyson and the art of making quick decisions2019-10-17T06:40:17+00:00
https://www.ft.com/content/a5ff5542-ef51-11e9-bfa4-b25f11f42901
jerryking>“halo effect”<< of believing that an executive who has succeeded before will make any project work. It follows that leaders should not be trapped by their decisions, or the confirmation bias of believing that the chosen path must be correct...... It is difficult when a leader place the entire company on another course, only to discover the pitfalls. It may take a successor to come along and reverse those choices. But decisions will at least prove right some of the time; indecision is always mistaken.]]>intuition leaders James_Dyson mistakes confirmation_bias Daniel_Kahneman CEOs decision_making Dyson ambiguities uncertainty halo_effects hard_choices HBR humility indecision Ram_Charan tough-mindedness clock_speed shot_clock speed analysis_paralysis judgment unsentimental well-intentioned decision_velocityhttps://pinboard.in/https://pinboard.in/u:jerryking/b:a93118f8702a/Ikea dismantles tradition to seek inspiration from car industry2019-10-03T14:43:17+00:00
https://www.ft.com/content/eccb98b6-e437-11e9-9743-db5a370481bc
jerrykingautomotive_industry CEOs complexity furniture home_furnishing Ikea platforms retailers small_spaces standardization Torbjörn_Lööf inspiration riskshttps://pinboard.in/https://pinboard.in/u:jerryking/b:7738bb7f2608/Andy Kessler: WSJ: Silicon Valley Goes Soft2019-09-30T14:53:34+00:00
https://www.andykessler.com/andy_kessler/2019/09/wsj-.html
jerrykingAndy_Kessler CEOs leadership organizational_culture overreaction Silicon_Valley Travis_Kalanick Uberhttps://pinboard.in/https://pinboard.in/u:jerryking/b:570a8b801e64/Can Tim Hortons’ Brazilian president return the iconic Canadian brand to its past glory?2019-09-23T14:53:31+00:00
https://www.theglobeandmail.com/business/rob-magazine/article-can-tim-hortons-brazilian-president-return-the-iconic-canadian-brand/#comments
jerryking3G_Capital aspirations beverages brands Burger_King China coffee Communicating_&_Connecting crossborder data_driven fallen_angels fast-food franchising growth innovation lawsuits M&A mergers_&_acquisitions millennials organizational_culture playbooks Popeyes product_quality RBI reputation restaurants Tim_Hortons turmoil back-house_opportunities CEOshttps://pinboard.in/https://pinboard.in/u:jerryking/b:89c247e9f256/Vas Narasimhan of Novartis: ‘We Are Not at All Prepared for a Pandemic’ - The New York Times2019-08-28T23:28:53+00:00
https://www.nytimes.com/2019/08/01/business/vas-narasimhan-novartis-corner-office.html
jerrykingCEOs pandemics Novartis Vas_Narasimhan glycemic_index intentionality movement-basedhttps://pinboard.in/https://pinboard.in/u:jerryking/b:6bfbc1b20e57/Momofuku’s Secret Sauce: A 30-Year-Old C.E.O.2019-08-26T04:25:26+00:00
https://www.nytimes.com/2019/08/16/business/momofuku-ceo-marguerite-mariscal.html?rref=collection%2Fsectioncollection%2Ffood
jerryking>specialty foods<< emporium Zabar’s, Ms. Mariscal began her career at Momofuku in 2011, as a public relations and events intern. Over the years, she quietly became Mr. Chang’s closest collaborator and confidante, a largely unknown force shaping matters as varied as menu design, branding and business development. “She’s the only person I’ve ever felt comfortable giving complete carte blanche to, in terms of what Momofuku looks like and what it should be,” Mr. Chang said. He recalled suggesting to the company’s board that Ms. Mariscal be named C.E.O. almost four years ago, when she was 26. She finally assumed the role in April.
It’s not unusual for a chef like Mr. Chang to parlay cooking talent and charisma into restaurants, cookbooks and television shows — a formula pioneered by the likes of Emeril Lagasse, Bobby Flay and Rick Bayless in the 1990s. But chef-driven food brands of the scope and ambition that Mr. Chang and Ms. Mariscal envision for Momofuku, with dozens of locations and mainstream packaged food products, are harder to pull off.
Adding to the challenge is Momofuku’s particular identity, which revolves less around a distinct culinary tradition than an attitude of restless innovation, boundary pushing and spontaneity. A formulaic chain of steakhouses, Momofuku ain’t. Scaling that ethos requires a tightrope act: Create enough structure and continuity to stave off chaos, without destroying the brand’s animating spirit in the process.
]]>Asian brands branding business_development CEOs chefs food founders fusion growth high-standards interns investors kitchens leadership Momofuku restaurants scaling women workaholic organizational_structure restauranteurs special_sauce differentiation diversification commercial_kitchens anti-formulaic David_Chang detail-oriented specialty_foodshttps://pinboard.in/https://pinboard.in/u:jerryking/b:db2f12fd16d7/Mellody Hobson of Ariel Investments: ‘Capitalism Needs to Work for Everyone’2019-07-19T21:11:07+00:00
https://www.nytimes.com/2019/07/18/business/mellody-hobson-ariel-investments-corner-office.html
jerryking>compound interest<<, you understand >>money working for or against you<<.
We talk about long-term patient investing, and that idea that slow and steady does win the race, that time can be your best friend when it comes to investing. That’s why we have a turtle as a logo at Ariel........ I believe in capitalism. It is the best system that has existed in the world. Show me a better one. I can’t find it. But I also believe that capitalism needs to work for everyone, and so I don’t begrudge those people who’ve done extraordinarily well in our society as long as it’s a fair fight.
It isn’t always a fair fight, though, and that’s what we need to fix. That could be anything from our tax bases and how that works, our tax rates, to other issues that occur in our society around fair opportunities for education.
I am a person of color who happens to be a woman as well, and I have firsthand dealt with inequality, despite having shown up with all of the credentials. I do not sit here believing that if you’ve just gone to a great school and this, that and the other, it’s all going to be fine. It just doesn’t work like that in our society. I think about those people who were like me and are like me. That goes into the boardrooms that I’m in. I also think about the people of color who are inside of those companies, making sure they get the same opportunity as those who are in the majority population....
]]>African-Americans alumni Ariel capitalism CEOs finance inequality investing Mellody_Hobson money_management Princeton women making_your_money_work_for_you compound_interesthttps://pinboard.in/https://pinboard.in/u:jerryking/b:52491775502a/Canada’s missed opportunity: Pot industry now being run out of the U.S.2019-07-04T14:38:14+00:00
https://www.theglobeandmail.com/business/article-the-canadian-cannabis-industry-is-now-largely-run-out-of-the-us/
jerrykingAndrew_Willis Bay_Street Brookings cannabis Canopy_Growth CEOs Constellation_Brands crossborder departures firings global_champions head_offices industrial_policies Martin_Prosperity_Institute missed_opportunities sellout_culture homegrown laissez-fairehttps://pinboard.in/https://pinboard.in/u:jerryking/b:a29b3aa912a2/Lee Iacocca, car executive, 1924-20192019-07-03T18:37:25+00:00
https://www.ft.com/content/61790478-8c0e-11da-9efb-0000779e2340
jerryking'80s automotive_industry CEOs Chrysler Detroit Ford obituarieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:af5566d3e788/Founder Tobias Lütke on Shopify’s lack of profits, Canada’s ‘go-for-bronze’ mentality and life as a multibillionaire2019-06-26T13:22:46+00:00
https://www.theglobeandmail.com/business/rob-magazine/article-shopify-founder-tobias-lutke-dishes-on-his-companys-lack-of-profits/
jerrykingCEOs founders SaaS Shopify Tobias_Lütke e-commerce go-for-bronze mediocrityhttps://pinboard.in/https://pinboard.in/u:jerryking/b:9811c0793e73/How non-engineer Stewart Butterfield reached top of Silicon Valley2019-06-24T11:44:04+00:00
https://www.ft.com/content/4f2e3664-9436-11e9-aea1-2b1d33ac3271
jerryking>digital products<<, and the people venture capitalists most like to back.
Stewart Butterfield, co-founder and chief executive of the workplace chat app Slack, is not one of them. He stands out as a philosophy major in a start-up world full of software engineers, a non-techie who has made it to the top of the tech heap......Slack’s listing on the New York Stock Exchange this week has cemented his reputation as one of the Valley’s most creative product designers — and values his own stake in the company at $1.6bn.
“He is your quintessential, product-oriented founder-leader,” ......In a nod to an unconventional streak in Mr Butterfield’s personality that separates him from the herd, Mr Levie adds: “He has just the right level of quirkiness.”.....Butterfield got a philosophy degree at the University of Victoria, followed by a master of philosophy at Cambridge, before being bitten by the internet bug at the end of the 1990s and moving to Silicon Valley........Pressed on how he can withstand the Microsoft onslaught, Mr Butterfield defaults to the quiet, analytical self-assurance. “There has been a long history of the small, focused start-up [i.e. = "concentrated forces"] taking on the large incumbent with multiple lines of business and being successful” — starting, he added, with a small and scrappy Microsoft itself taking on the giant IBM.
]]>CEOs chat craftsmanship engineering Flickr founders mobile_applications product_design quirky Silicon_Valley Slack start_ups Stewart_Butterfield workplaces artisan_hobbies_&_crafts product-orientated Richard_Waters Gulliver_strategies IBM Microsoft concentrated_forces digital_productshttps://pinboard.in/https://pinboard.in/u:jerryking/b:334a5e17773b/Opinion: Canadian CEOs facing an innovation disconnect - The Globe and Mail2019-05-30T15:59:04+00:00
https://www.theglobeandmail.com/business/commentary/article-canadian-ceos-facing-an-innovation-disconnect/
jerrykingCanadian CEOS collaboration disruption innovation large_companies start_ups failure-toleranthttps://pinboard.in/https://pinboard.in/u:jerryking/b:dece8ef83a66/Remaking Scotiabank: Brian Porter is making big changes, but will investors buy in?2019-05-26T21:43:30+00:00
https://www.theglobeandmail.com/business/article-brian-porter-is-making-big-changes-at-scotiabank-but-will-investors/#comments
jerryking>strips costs out<< of its legacy infrastructure through automation, cloud computing and advances in artificial intelligence. But to incubate the necessary sense of urgency, Scotiabank set up "digital factories” in five countries – Canada, Mexico, Peru, Chile and Colombia. The labs undertake rapid-fire projects aimed at solving bank-wide pain points for customers, sometimes rewriting computer code that can be deployed in the span of a few days.
]]>Andrew_Willis banking banks Brian_Porter CEOs change change_agents cultural_change ScotiaBank wealth_management squeezing_out_costshttps://pinboard.in/https://pinboard.in/u:jerryking/b:8d6082e60d8d/Why the tech giants have CEOs running scared | FT Big Deal2019-05-02T03:45:04+00:00
https://bigdeal.ft.com/videos/why-tech-giants-have-ceos-running-scared/
jerrykingBig_Tech CEOs deal-making disruption large_companieshttps://pinboard.in/https://pinboard.in/u:jerryking/b:eee27acc74b2/"Boss: The Black Experience in Business" Explores the History of African American Entrepreneurship Tuesday, April 23 on PBS2019-04-24T13:01:24+00:00
https://www.prnewswire.com/news-releases/boss-the-black-experience-in-business-explores-the-history-of-african-american-entrepreneurship-tuesday-april-23-on-pbs-300836640.html
jerrykingAfrican-Americans CEOs documentaries entrepreneur entrepreneurship filmmakers founders historians history inspiration moguls PBS storytelling Berry_Gordy C.J.Walker Kenneth_Frazier Merck Reginald_Lewis Robert_Smith trailblazers Vernon_Jordan Lazard Silicon_Valley vc venture_capital womenhttps://pinboard.in/https://pinboard.in/u:jerryking/b:312f5969457e/Apple and Qualcomm’s Billion-Dollar Staredown2019-04-14T10:02:48+00:00
https://www.wsj.com/articles/apple-and-qualcomms-billion-dollar-staredown-11555128003?mod=cxrecs_join#comments_sector
jerryking5G Apple CEOs conflict_resolution Intel licensing litigation mobile_phones patents Qualcomm royalties semiconductors smartphones Steve_Mollenkopf Tim_Cook disputeshttps://pinboard.in/https://pinboard.in/u:jerryking/b:bb2cf4bb4825/