Management & Strategy
SoftBank cuts salaries of top executives after record investment fund losses - 05/31/2022
After reporting unprecedented losses at two investment firms, Japan's SoftBank has reduced the wages of its senior executives. The downsizing had little effect on Masaesi Son, the billionaire CEO. After reporting historic losses at its two investment funds, Vision Fund 1 and 2, Japanese company SoftBank has slashed the compensation of its senior executives. It was reported in the Financial Times,...
Twitter founder Jack Dorsey resigns - 05/26/2022
Jack Dorsey, the creator and CEO of Twitter, has resigned. Axios reported on this. In November 2021, Jack Dorsey declared his intention to depart the firm. CTO Parag Agrawal will take his place. Jack Dorsey was one of Twitter’s co-founders. The service was created as an internal service for Odeo employees and was envisioned as an analog of SMS, message networks, and a website. However,...
Richest crypto-billionaires lose nearly $50B on Bitcoin dip - 05/13/2022
According to estimations by Forbes, aggregate fortunes of the 11 richest billionaires who made their capitals from cryptocurrencies decreased by $49.06 billion in the two months following the crypto market crash. Bitcoin has lost 35% of its value since early April, and has now dipped below $27,000 for the first time since December 2020. Binance exchange founder Changpeng Zhao, the world's...
New normal: Navigating your company through changes - 05/02/2022
Change is scary. How do you make plans? How do you manage a company? How do you act quickly and efficiently? Expecting things to settle down in a year or two means ignoring the obvious: change is the new normal. We need to adapt not from time to time, but constantly. Change activates people's survival channel, a signaling system that looks for and reacts to threats. It's useful if it's...
Berkshire Hathaway shareholder backs Buffett's resignation as chairman - 04/21/2022
CalPERS, the largest US public pension fund, will vote to replace Warren Buffett as chairman of Berkshire Hathaway, Reuters writes citing the fund's documents. The agency specifies that in doing so, the organisation intends to vote to keep Buffett as CEO. Another Berkshire shareholder, the National Legal and Policy Center, suggested in March that the positions of chairman and chief executive...
Elon Musk to join Twitter's board of directors - 04/06/2022
According to documents at the US Securities and Exchange Commission's website, Elon Musk, the American entrepreneur and founder of SpaceX and Tesla, will join the Board of Directors of Twitter for two years, after announcing his ownership of the company the day before (SEC). Musk will be appointed to the board as a Class II director, with a term ending at the company's annual meeting of...
FT: HSBC crosses out the word "war" in its documents - 03/30/2022
The British HSBC Plc, one of the world's largest banks, is revising its experts' research reports to remove the word "war" from the context of Russia's operation in Ukraine, reports the Financial Times (FT) citing two sources familiar with the matter. According to the Financial Times, the bank's committees in charge of previewing all of the bank's public research materials changed the word "war"...
Using collaborative elevation to become better leader - 03/25/2022
Rigid hierarchy often holds us hostage at work. Now, however, it is becoming increasingly clear that formal authority prevents us from achieving the maximum. Leadership without authority and flexible partnerships are coming to the fore. Absolute interdependence is one of the main characteristics of the new world. It is time to scrap attitudes like "It is not my responsibility" or "He is not my...
Pain points and weaknesses. How to resist manipulators - 03/11/2022
Every person has weaknesses and pain points, and pushing on them tends to throw us off-balance. Let’s look at what pain points are most often pressed by those who want to manipulate us. People have many weaknesses, and an astute manipulator knows them all. Let's focus on three general categories: weaknesses, needs, and fears. 1. Weaknesses. What's wrong with you: are you too fat, too thin, or...
Focusing on yourself as a way of coping with problems - 03/03/2022
Managing yourself means controlling your emotions and thinking with your head. It is an indispensable leadership trait. Without it, you are at the mercy of the group and all its stressors, losing your ability to act with common sense. A focus on yourself implies that you don't blame yourself for everything, but rather distinguish between what you can control and what you can't, and give those...
