Posts belonging to Category Board Directors



Paris beats London as Europe’s favorite investment destination

BREXIT impact  + “Macron effect”

An Ernst & Young survey shows Paris has overtaken London as Europe’s most attractive destination for foreign investors for the first time since EY began such reports 15 years ago.

The change in the continent’s pecking order is a sign of the impact of both Brexit and the “Macron effect”.

The French capital was ranked No. 1 for foreign direct investment by 37 percent of businesses, based on a survey of 502 companies and data from EY and IBM covering 2017.

Deutsche Bank mulls cutting 10,000 staff globally

City jobs in firing line

The City is braced for swingeing cuts at Deutsche Bank as the beleaguered banking giant considers cutting 10,000 jobs globally, equivalent to one in 10 of its staff, according to reports.

It is understood the redundancies will be focused in the German lender’s investment bank, which employs more than 8,000 people in the UK.

Globally the unit employs 40,000 of the lender’s total 97,000 workforce.

https://www.telegraph.co.ukcom/

The Flow, the new business culture?

Freedom, Mastery, Ownership

Video games are evil creatures that will rot your brain. Unless, of course, you’re like pro-gamer Callum Negus-Fancey and build an entire event marketing business out of what attracts you to them.  What Negus-Fancey was really after through up to 15 hours of play a day, he discovered, was the sense of flow gaming brought to him. Great games allowed him to lose a sense of time and simply focus. So his next question then became, what are the specific dynamics that create flow and foster motivation during gaming, and could those serve as the foundation for a spectacular business culture?

Negus-Fancey came up with 3 key elements that relate to flow. He’s made them the centerpiece of culture at Verve, the company he co-founded with his brother, Liam, in 2013. The business, which has approximately 150 employees and $35M in venture funding to date, helps develop brands by rewarding individuals for word-of-mouth advertising.

https://www.inc.com/

T-Mobile, Sprint finalizing merger terms

Sprint valued around $26 billion

U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) are finalizing terms as they seek to sign a merger by Monday that could value Sprint at around $26 billion, people familiar with the matter said on Friday. The combined company, with more than 127 million customers, would have added clout to challenge industry leaders Verizon Communications Inc (VZ.N) and AT&T Inc (T.N) in the race to expand offerings in next-generation 5G wireless technology.

T-Mobile majority-owner Deutsche Telekom (DTEGn.DE) will own a little over 40 percent of the combined company, but will have voting control so it can consolidate the company on its books, the sources said. The sources requested anonymity to discuss the confidential negotiations.

Facebook data leak ‘much greater’ than 87million users

Far more than 87million Facebook users had their data snatched by Cambridge Analytica, according to a former employee

Earlier this month, Facebook admitted that the true extent of data harvesting on its platform impacted 87million people, not 50million as previously thought.

Now it seems that the figure could be even higher.

Cambridge Analytica obtained data through Aleksander Kogan’s This is Your Digital Life app, a personality quiz that asked Facebook users to provide information about themselves.

But in evidence handed over to a Department for Digital, Culture, Media and Sport select committee, Kaiser wrote: “The Kogan/GSR datasets and questionnaires were not the only Facebook-connected questionnaires and datasets which Cambridge Analytica used.

http://www.thesun.co.uk/

Spotify IPO a success

Market valuation of $26.6b

Spotify’s IPO on the New York Stock Exchange has been a success, with the world’s largest streaming service gaining a market valuation of $26.6 billion on its first day of trading. That makes it the world’s largest tech company, overtaking even Twitter.

The Wall Street Journal predicts that the Swedish company is on track for the third-largest tech IPO ever. By the end of the day, about 30 million shares had traded hands. Spotify shares debuted at $165.90 but drifted down ten minutes later, closing at the end of the day at $149.60. This was still up 12% from the initial reference price of $132.

 http://www.themusicnetwork.com

Trump’s election consultants filmed saying they use bribes and sex workers to entrap politicians

Dirty tricks to swing elections

Cambridge Analytica, a  company at the centre of the Facebook data breach (harvesting of more than 50 million profiles), boasted of using honey traps, fake news campaigns and operations with ex-spies to swing election campaigns around the world, a new investigation reveals.

Executives from Cambridge Analytica spoke to undercover reporters from Channel 4 News about the dark arts used by the company to help clients, which included entrapping rival candidates in fake bribery stings and hiring prostitutes to seduce them.

In one exchange, the company chief executive, Alexander Nix, is recorded telling reporters: “It sounds a dreadful thing to say, but these are things that don’t necessarily need to be true as long as they’re believed.”

http://www.theguardian.com…  March 20, 2018

Murdoch bid for Sky challenged by US giant

US cable TV giant Comcast has made a £22.1bn takeover bid for Sky, challenging an existing offer from 21st Century Fox

Rupert Murdoch’s 21st Century Fox had already agreed an £18.5bn deal to buy the 61% of Sky it does not already own. Comcast said the bid of £12.50 per share was a 16% higher than the 21st Century Fox offer. Comcast is the biggest US cable TV firm. It also owns the broadcast TV network NBC and Universal Pictures.

The company’s chief executive Brian Roberts, said: “We would like to own the whole of Sky and we will be looking to acquire over 50% of the Sky shares,” he said. Mr Roberts added that the UK “is and will remain a great place to do business” and that Comcast wanted to “use Sky as a platform for our growth in Europe”.

http://www.bbc.com…  Febuary 27, 2018

Berkshire got a $29 billion gift from new tax code

Aversion to debt

Warren Buffett published his annual letter on Saturday, and it came with some of the usual trimmings: sage advice and reflections on the past year’s success.

With bonds, the “coupon rate” is the interest rate that an issuer uses to calculate regular interest payments to investors. The longer the term of a bond, the higher the coupon is likely to be; you’re paid more to wait longer to get your principal back. Higher risk, too, affects the coupon, with high-yield bonds from less solid companies offering more generous interest payments than you’ll get from higher-rated corporations or from U.S. Treasury bonds. Buffett told investors that Berkshire Hathaway (BRKB)made a $65.3 billion net gain in 2017 — but “only $36 billion came from Berkshire’s operations.”
The rest was a gift from the new U.S. tax code.

http://www.cnn.com…  Febuary 26, 2018

What is Davos 2018?

Who is attending the World Economic Forum?

THE world’s most powerful leaders will meet tomorrow at Davos 2018 for an annual four-day elite conference known as the World Economic Forum. But what is Davos 2018 and who is attending the World Economic Forum? A global political get-together for around 2,500 movers and shakers from the worlds of business, politics, finance and media, the World Economic Forum is held annually each year in the town of Davos.

The mountain resort sits high up in the eastern Alps of Switzerland in Graubunden, the largest and and most eastern member state of the country. It is home to one of the Switzerland’s biggest ski resorts and is also the highest “town” in Europe at 1,560m. Davos 2018 will run from January 23 to 26 under the theme of “Creating a Shared Future in a Fractured World” and will be the the 48th forum to date.

http://express.co.uk…  January 23, 2018