The Sanderson Farms Championship is in the books, the Braves are on the rise and the Saints are sinking, but the Magnolia State's “Big Four” college football teams are all on the rise. The Cleveland boys touch on all of it, and discuss Deion Sanders' future at Jackson State in a grab-bag conversation about Mississippi sports.
The ASX's rally extended into the midweek session with the key index closing 1.74% higher today, buoyed by another surge in technology stocks. The only sector to end today's session lower was consumer staples stocks, which ended the day down just 0.04%.The big four banks rallied today after all four passed on the RBA's latest 0.25% rate hike to customers on a variable interest rate loan. CBA also raised its savings rates for customer with Netbank Saver, GoalSaver and YouthSaver accounts. Taking a look at the winning stocks of the session, Telix Pharmaceuticals (ASX:TLX) soared almost 12% today despite no price sensitive news out of the biopharmaceutical company today. Hub24 (ASX:HUB) also jumped 9.7% today amid the surge in technology stocks. Block Inc (ASX:SQ2) rounds out the top three winners for today's session, as the fintech company ended the day up just under 7.5%. Block Inc rounds out the top three winners for today's session, as the fintech company ended the day up just under 7.5% on the back of a strong session on the Nasdaq overnight for Block shares in addition to a bullish broker note out of Deutsche Bank.On the losing end of the market, Sayona Mining (ASX:SYA) tumbled 7.8% despite announcing it has launched a Pre-feasibility study for the Moblan lithium project, targeting further expansion of its Quebec lithium base, with the PFS expected to be complete by May 2023. Ramelius Resources (ASX:RMS) fell 4.8% today and Sims (ASX:SGM) lost 3.5%. The most traded stocks by Bell Direct clients today were BetaShares Strong Bear Hedge Fund (ASX:BBOZ) , Pilbara Minerals (ASX:PLS) and Whitehaven Coal (ASX:WHC). Final retail sales data for August was released today showing sales rose 0.6% for the month which was in-line with market expectations. A number of Federal Reserve policymakers spoke today, with each pushing the case of the need for the Fed to continue acting aggressively in raising interest rates in the US to cool inflation.
We'll have expert analysis on what this means for Australian homeowners; Essendon CEO resigns after one day following a church controversy; And Foreign Minister Penny Wong condemns North Korea's missile launch over Japan.See omnystudio.com/listener for privacy information.
Emma har upptäckt att barn egentligen är en biprodukt. Christopher berättar om en kaotisk hemmafest. Du har fått skicka in stories på när ni trodde att ni kom undan. SR:s Mellanösternkorre Cecilia Uddén uppdaterar läget i Iran efter slöjprotesterna. Helle Schunnesson ger oss allt från the Big Four Fashion Week, men vad är det egentligen? Aftonbladets Oisín Cantwell snackar om en historisk rättegång om en pengatvättskandal. Programledare: Christopher Garplind och Emma Molin.
CJ Gustafson started as an M&A Advisory Associate at a Big Four firm digging into the finances of big tech or healthcare firms for large buyouts. This was followed by a switch to a large private equity firm where he “learned financial modeling to marry what I learned in consulting.” However, his stellar FP&A SaaS career (“moving from the funder to the funded”) began as he moved to a $500m-VC backed backup and data management platform. He set up the company's first FP&A function. Though he would soon become a leader in FP&A SaaS, he first had to ask what the function involved. "I was like, 'What's FP&A? What do I do here?'" However, he soon understood the power of the role: “It puts you in a great position to get into that room. You're the one with the keys to the operating plan. You have the analysis as to how things are trending.” In a follow-up role at another rocket ship startup, CJ joined as Director of financial planning and analysis, and later Director of Investor Relations where he oversaw a rise in headcount from 150 people to almost 1,500 people and a valuation of $8.5 billion. His FP&A team was forced to constantly evolve as the company needed to forecast its needs with growth. The SaaS FP&A achievements included working closely with their recruiting team hitting ambitious targets for hires without breaking the operating plan; enhancing board reporting as they learnt over time what investors found most helpful; and adding more and more reporting as new leaders climbed to the top of the organization (sales, marketing, product). Overall, CJ built FP&A teams of up to six people. His strategy? “ I first started by hiring financial athletes - people who could just dig in and do multiple things. Then I expanded the team to include people with specific skill sets - like systems or revenue. The biggest challenge is always to make decisions with 80% of the data you wish you had. We need to put a stake in the reforecast at some point, even if we would have liked a few more days to run more analyses. The other challenge is that you're constantly changing tires on the car while it's in motion. There are no pit stops in the hyper growth SaaS world. So if you need to, say, move from google sheets to an FP&A tool like Datarails, or move from QuickBooks to NetSuite on the accounting side, you have to do it while in motion, and not sacrifice any accuracy.” He has now realized a long term goal of becoming CFO, starting in September 2022 as CFO at PartsTech, a tech ordering platform stopping the hassle of professionals buying auto parts. In this episode of FP&A Today CJ talks to Paul Barnhurst about his journey from private equity to SaaS mastery, and ultimately his CFO role. In this essential episode for anyone interested in SaaS for FP&A he discusses: His motivation for creating the fast-growing finance newsletter Mostly Metrics, an irreverent and analytical spin on metrics which has crossed more than 10k subscribers (and growing!) The best way FP&A can create impact for M&A activity 3 absolutely essential SaaS FP&A metrics based on his experience at rocket ships The one thing he is most scared of in his new CFO role The painful FP&A mistake that CJ made that changed his entire approach to financial presentation forever The differences between his roles in FP&A and investor relations His strategy for moving from FP&A to CFO His boxing career His most inspiring advice for anyone in FP&A About Mostly Metrics Mostly metrics is a weekly business newsletter about finance and business models. It's a collection of things I've learned and thought about in the trenches as an operator. Follow CJ Gustafson on LinkedIn Follow Paul Barnhurst on LinkedIn Follow Datarails on LinkedIn FP&A Today is brought to you by Datarails. Datarails is the financial planning and analysis platform that automates data consolidation, reporting and planning, while enabling finance teams to continue using their own Excel spreadsheets and financial models. Get in touch at www.datarails.com Follow DataRails on LinkedIn to find out about upcoming episodes and the latest FP&A news Read the Blog and Full Program Transcript Watch The Full Episode on YouTube To suggest a great guest for the show, or if you would like to be the FP&A Leader being interviewed contact email@example.com
With rates and currency markets experiencing increasing volatility, the state of global U.S. dollar supply has begun to force central bank moves, leaving the question of when and how the Fed may react up for debate.----- Transcript -----Welcome to Thoughts on the market. I'm Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist for Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, I'll be talking about the latest trends in the financial marketplace. It's Monday, October 3rd, at 11 a.m. in New York. So let's get after it. The month of September followed its typical seasonal pattern as the worst month of the year, and given how bad this year has been, I don't say that lightly. But as bad as stocks have been, rates and currency markets have been even more volatile. With volatility this severe, some of the cavalry has been called in. The Bank of England's surprise move last week was arguably necessary to protect against a sharp fall in U.K. bonds. Some may argue the U.K. is in a unique situation, and so this doesn't portend other central banks doing the same thing. However, this is how it starts. In other words, investors can't be as adamant the Fed will choose or be able to follow through on its tough talk. Like it or not, the world is still dependent on U.S. dollars, which provide the oxygen for global economies and markets. Former U.S. Treasury Secretary John Connolly's famous quote that "the dollar is our currency, but it's your problem" continues to ring true. It's also one of the primary reasons why several countries have been working so hard to de-dollarise over the past decade. The U.S. dollar is very important for the direction of global financial markets, and this is why we track the growth of global dollar supply so closely. In fact, the primary reason for our mid-cycle transition call in March of 2021 was our observation that U.S. dollar money supply growth had peaked. Indeed, this is exactly when the most speculative assets in the marketplace peaked and began to suffer. Things like cryptocurrencies, SPACs, recent IPOs and profitless growth stocks trading at excessive valuations. Now we find global U.S. dollar money supply growth negative on a year over year basis, a level where financial and economic accidents have occurred historically. In many ways, that's exactly what happened in the U.K. bond market last week, forcing the Bank of England's hand. There are many reasons why a U.S. dollar liquidity is so tight; central banks raising rates and shrinking balance sheets, higher oil prices and inflation in many goods bought and sold in dollars, incremental regulatory tightening and lower velocity of money in the real economy as activity dries up in critical areas like housing. In short, U.S. dollar supply is tight for many reasons beyond Fed policy, but only the Fed can print the dollars necessary to fix the problem quickly. We looked at the four largest economies in the world, the U.S., China, the Eurozone and Japan, to gauge how much U.S. dollar liquidity is tightening. More specifically, money supply in U.S. dollars for the Big Four is down approximately $4 trillion from the peak in March. As already mentioned, the year over year growth rate is now in negative territory for the first time since March of 2015, a period that immediately preceded a global manufacturing recession. In our view, such tightness is unsustainable because it will lead to intolerable economic and financial stress, and the problem can be fixed very easily by the Fed if it so chooses. The first question to ask is, when does the U.S. dollar become a U.S. problem? Nobody knows, but more price action of the kind we've been experiencing should eventually get the Fed to back off. The second question to ask is, will slowing or ending quantitative tightening be enough? Or will the Fed need to restart quantitative easing? In our opinion, the answer may be the latter if one is looking for stocks to rebound sustainably. Which leads us to the final point of this podcast - a Fed pivot is likely at some point given the trajectory of global U.S. dollar money supply. However, the timing is uncertain and won't change the downward trajectory of earnings, our primary concern for stocks at this point. Bottom line, in the absence of a Fed pivot, risk assets are likely headed lower. Conversely, a Fed pivot, or the anticipation of one, can still lead to sharp rallies like we are experiencing this morning. Just keep in mind that the light at the end of the tunnel you might see if that happens, is actually the train of the oncoming earnings recession that even the Fed can't stop. Thanks for listening. If you enjoy Thoughts on the Market, please take a moment to rate and review us on the Apple Podcast app. It helps more people to find the show.
n this episode, Mohuya sits down with Maesha (@maeshaeva) who is a powerhouse Bangladeshi woman who is a Columbia alum, works at a Big Four firm, has her own marketing agency called The Eva Collective, and does five millions other things when she's ONLY. 23. we sit down and talk about how to network starting in high school, resume building, how to get into fields that you don't have direct "experience" in, productivity tips, and SO MANY older sister advice. you will feel so motivated after this episode. hope u enjoy! keep tabs on us: our instagram: https://www.instagram.com/difficultish/ mohuya's instagram: https://www.instagram.com/labyrinthave/ mashnun's instagram: https://www.instagram.com/mashnunmunir/ --- Support this podcast: https://anchor.fm/difficultish/support
Kimberly B. Whittle, Founder and CEO of KnoWEwell: “I am a CPA and mom to five sons. I held senior positions in the Big Four, Fortune 100 companies, and founded and grew a successful global strategic management consulting firm. I am also a mom to five sons. Driven by a series of family health conditions and crises nearly 15 years ago, I embarked on a journey to search for solutions. Blessed with healing, in 2017, I formed KnoWEwell to pay it forward and make it easier for others facing their own health challenges, and to pay it back with gratitude to the professional organizations and providers that helped our family heal.” KnoWEwell's mission and global movement is to transform healthcare! Making a materially positive impact on the health and well-being of individuals, society, and our planet are the essence of KnoWEwell. KnoWEwell is an award-winning, woman-majority-owned, B Certified Pending, public benefit company and 1% for the Planet member. I designed and implemented a unique 5 Pillars of Giving Program and ecosystem value creation model that is designed with benefits for all! Today, KnoWEwell's Regenerative Whole Health Hub is the all-in-one, global, trusted online solution for health and well-being – Together with our collaborative partners, we are: Bridging the knowledge, access, and insurance gaps. Centralizing knowledge, education, and evidence-based resources. Connecting the ecosystem to collaboratively help individuals prevent harm, address the root causes of disease, and achieve WELLthier Living ™! KnoWEwell soft-launched in the fourth quarter of 2020. We formed the KnoWEwell Collaborative and have been growing partnerships with national and international mission-aligned organizations. For an overview of their achievements, please see our New Year's newsletter, it includes links to our 2021 Year in Review and What's New and Next in 2022. https://bewell.knowewell.com/ Plus, they are running a special for our KnoWEwell Family to provide you with 50% revenue share for life.
Todos ellos llegaron al más alto nivel en lo suyo, y ahora siguen vinculados a la élite, pero con un micrófono de la Cadena SER entre medias. Álvaro Benito, Àlex Corretja, José Manuel Calderón y Pedro De la Rosa crean el 'Big Four', un espacio de análisis para los paladares más exigentes, repasando los mejores momentos de su carrera como comentaristas. La última hora de la Selección Española Femenina.
Repasamos el comentario de Luis Enrique sobre las críticas a la Selección. Todos ellos llegaron al más alto nivel en lo suyo, y ahora siguen vinculados a la élite, pero con un micrófono de la Cadena SER entre medias. Álvaro Benito, Àlex Corretja, José Manuel Calderón y Pedro De la Rosa crean el 'Big Four', un espacio de análisis para los paladares más exigentes, repasando los mejores momentos de su carrera como comentaristas. La última hora de la Selección Española Femenina. Entrevista al humorista argentino Jero Freixa. 'Yankilandia', el mejor repaso al deporte norteamericano.
Todos ellos llegaron al más alto nivel en lo suyo, y ahora siguen vinculados a la élite, pero con un micrófono de la Cadena SER entre medias. Álvaro Benito, Àlex Corretja, José Manuel Calderón y Pedro De la Rosa crean el 'Big Four', un espacio de análisis para los paladares más exigentes, repasando los mejores momentos de su carrera como comentaristas.
And just like that, another GOAT says goodbye. This time, it's Roger Federer at Laver Cup, giving tennis and his fans one last glimpse at his greatness. Confession: we haven't always been the biggest FedFans, but we're still paying respect to the man and his genius, offering some of our most enduring Federer memories. Along the way, we chime in on Laver Cup itself, the tender Fedal moments, where the event worked, and where it falls short for us. ‘Til next time, Roger! 0:30 Federer retires: regret over letting stan wars cloud our appreciation 14:35 Federer's imperial period: if you know, you know 17:05 Our favorite Roger memories 21:10 A non-recap of Laver Cup 29:40 The racist abuse leveled at Frances Tiafoe; fans now trying to find their next prop to prove they're not racist 37:40 The touching retirement punctuated by truly absurdist theatre 41:20 Rafa & Roger's unique and genuine bond - men showing affection! 52:20 Big Three or Big Four? Yes, we want to go there, just for a minute 55:10 What exactly is Federer's legacy? What did he bring to tennis that no one had before? (thanks @seasaltandrum for the question!)
Dans DiP Impact aujourd'hui, nous allons évidemment revenir sur le vendredi plein d'émotion que l'on a vécu à Londres avec les adieux officiels de Roger Federer, qui a disputé dans l'O2 Arena son dernier match officiel sur le circuit à l'occasion de SA Laver Cup, aux côtés de son plus grand rival, Rafael Nadal.Cette Laver Cup sera justement l'objet de notre question qui fâche ! Cette compétition - ou cette exhibition - qui divise, n'avait-elle d'intérêt cette année que pour la retraite de Federer et pour son duo avec Nadal ?Car il y avait du beau monde présent aux côtés de Federer, à commencer par ce quatuor qu'on a longtemps appelé le Big Four. En plus de Nadal et Federer, Andy Murray et bien sûr Novak Djokovic, de retour au jeu pour la première fois depuis son titre à Wimbledon. Novak Djokovic privé de tournée américaine qui s'est donné pour objectif en cette fin de saison les finales ATP à Turin en novembre. Faut-il s'inquiéter pour sa participation au Masters, et quelles ambitions pour le Serbe ? Ce sera notre débat du jour.Au programme de cette émission, il y aura aussi la stat de jeu set et maths sur un joueur en pleine forme et l'œil de Dip qui lui, n'était pas seulement tourné vers Londres ce week-end.Bienvenue dans DiP Impact et bonne écoute !Vous pouvez réagir à cet épisode sur notre page Twitter.Retrouvez tous les podcasts d'Eurosport iciPrésentation et réalisation : Anne Boyer Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.
Talking all things metaverse with Glenn Friedman, CEO of Prager Metis, a global CPA firm that made headlines this year as one of the first accounting firms to set up shop in the metaverse. The metaverse is loosely defined as a new iteration of the internet - a virtual world running in parallel to the real, physical world. You can create a virtual avatar of yourself and interact with other avatars anywhere throughout the world to do almost anything; business, learning, networking, entertainment, commerce, and more. The metaverse is reminiscent of "Second Life", a virtual world that was popular 10-15 years ago. It was, and still is, known as an "exclusive haven of self-expression". When Second Life started to become popular in 2007-2008, it become known that a very real economy existed in this space, which required CPAs. Training and education opportunities were developed to help accountants navigate this virtual world. At the time, the Maryland Association of CPAs created "CPA Island" in Second Life, a designated space where resources could be provided for young professionals and educators to help them get started in this virtual world. However, the experience was less than optimal given the restraints of technology at the time and overall interest waned. Now, in 2022, looking at the metaverse, questions arise: how is it an improved experience compared to Second Life? How does it interact with the new platforms for virtual learning and communication? There has been a lot of news surrounding the metaverse lately and accounting firms are jumping back into the virtual world. Accounting Today published a recent poll from Big Four firm, PwC, showing the following: 67% of executives are actively engaged in metaverse projects 20% report they are currently "looking into it" 82% believe it will become "business as usual" Despite the fact only 9% of the executives currently use any of the existing environment Those who are in the metaverse see the potential in the areas of client collaboration, business demos, recruiting, and training. I spoke with Glenn to find out how the metaverse compares to Second Life, and whether there are new opportunities in this space that will mold the future of the profession. Resources: https://pragermetis.com/metaverse/ (Prager Metis, Metaverse Services) https://www.linkedin.com/in/glenn-friedman-3bbb71/ (Glenn Friedman, CEO, Preger Metis, LinkedIn ) https://www.pwc.com/us/en/tech-effect/emerging-tech/metaverse-survey.html (PwC 2022 US Metaverse Survey)
In a week that will forever be remembered for the farewelling of royalty in London, Roger Federer explains his decision to end his playing career at the Laver Cup, and discusses his plans for retirement, Jim Courier and Mark Petchey join the Round Table to discuss Federer's legacy and preview the fifth edition of the Laver Cup, and Team World captain John McEnroe plans to flip the script on Team Europe and his rival captain Björn Borg.See omnystudio.com/listener for privacy information.
On today's episode of Most Powerful Women in Sports, senior TV reporter Mollie Cahillane is joined by Miami Marlins general manager Kim Ng.Ng, the highest-ranking female baseball executive, joined the Marlins in 2020, and has more than 30 years of experience in Major League Baseball. She's also the first woman to hold the role of general manager of a team in the Big Four leagues in North America.During the conversation, hear how Ng climbed her way from an internship with the Chicago White Sox to the Marlins, diversity in baseball, how to build a franchise, and advice for women who want to break into the game.Follow Mollie on Twitter: @MollieCahillaneSubscribe to Adweek's Most Powerful Women in Sports on your favorite podcast platform!You can listen and subscribe to all of Adweek's podcasts by visiting adweek.com/podcasts.Stay updated on all things Adweek Podcast Network by following us on Twitter: @adweekpodcasts.And if you have a question or suggestions for the show, send us an email at firstname.lastname@example.org. Hosted on Acast. See acast.com/privacy for more information.
In this episode, Daphne and I talk about BYD's entry to the UK car market and how the Big Four should respond to the ongoing threat of Aldi and Lidl…
Financial management can make or break a business. Any business undertaking attempted without taking cost drivers, growth prospects, and value realization goals, among other critical factors, into account is leaving a big, wide door open to problems.Jack Boyles, Managing Director at Marcum LLP, understands this perfectly well. With his extensive experience in financial planning and modeling, valuations, and funding strategies, Jack keeps a trained eye on both the micro and macro factors that influence today's rapidly evolving financial services sector.In this episode of The Modern CFO, Jack talks with host Andrew Seski about critical factors to consider for growing companies, how he deals with the unexpected, and the valuable lessons he learned over his 25-year-long career as founder, investor, and CFO of several companies.Show Links Check out Marcum LLP Connect with Jack Boyles on LinkedIn or via email Check out Nth Round Connect with Andrew Seski on LinkedIn TranscriptPlease note that the transcript is AI-generated and may contain errors. The content in the podcast is not intended as investment advice, and is meant for informational and entertainment purposes only.[00:00:00] Andrew Seski: Hello everyone and welcome back to The Modern CFO podcast. As always, I'm your host, Andrew Seski. Today, we're joined by Jack Boyles. Jack, thank you so much for being here. [00:00:19] Jack Boyles: Thank you. I'm looking forward to our conversation. I reviewed a number of your other podcasts. They're all great and I learned something in each one.[00:00:25] Andrew Seski: So today, Jack serves as CFO at Marcum. Jack's based in Boston and has been a CFO across a number of industries and is insatiable when it comes to learning new things, trying new industries. [00:00:38] But one of the things that we've been talking about, maybe ad nauseam, but between us is the idea that maybe there is a certain time and place where CFOs can have their biggest impact at, you know, either a type of financing, an industry, and maybe CFOs shouldn't necessarily grow across all stages and all different types of industries. Maybe they should be specialized and maybe there is a time and place for that CFO who can drive the most value. [00:01:05] So this is a topic I really want to dive into and really dig our teeth into because Jack has such a unique vantage point, serving his entire career really honing in on this idea. So Jack, I got to turn it over to you to tease out some of the value and insights here on sort of that topic and whatever else we can foray into across all of the experiences you had as a CFO.[00:01:26] Jack Boyles: Thanks for the great introduction. Yeah, I'm not CFO of Marcum — number one. Marcum has a group of consulting CFOs and so I now work with roughly a half-dozen small and medium-sized companies as a fractional CFO. Prior to that, I've been CFO of a number of companies in which I was founder, investor, angel, and always had a CFO title in a wide variety of verticals — distribution and logistics, software manufacturing, IT services, natural resources. [00:01:57] And right now my portfolio includes a SaaS company — a company working on carbon credits with blockchain — and another marketplace for health services. So, you know, it's a pretty broad spectrum and I've enjoyed it because there has been a number of learning opportunities. [00:02:14] But returning to your theme, I found I'm really good at the five million to 50 million-dollar service orientation companies. And I've realized that that's where I can add the most value. I'm not somebody who can take a company public, although I've sold a number of companies to Fortune 500 companies. But it's really recognizing there are different skill sets for those by both vertical and by size of company, if you will, the capital intensity and sort of the economic structure underlying the business.[00:02:45] So I can break down those and, you know, they're all interesting problems, but it's really a different skill set for each one of them. And you need to manage differently as that, you know, financially-oriented team member. [00:02:58] Andrew Seski: In terms of where some of this interest comes from from my end is the fundraising environment over the last few years dramatically changing in the last few months. So what may have been, you know, a company doing five to 10 million then that could have been valued, and maybe in the software land, maybe even at a hundred X multiples at one point, just an absolute crazy valuation and fundraising environment to, you know, a very, very immediate, almost shift in going from, you know, pure growth orientation to conservative cost cutting, you know, headcount reduction. And I think the question there stems not only just from where the CFO can be the most valuable in their niche and their competency, but also how to weather the volatility of different market cycles. [00:03:42] And there are a lot of variables to play with here so I really like your answer that the CFO can be really valuable by identifying their impact in a niche due to all of the other market environments and volatility in the markets that could, you know, shift strategy and financial strategies that a company may pursue.[00:03:58] Jack Boyles: Well, you're shining a spotlight on, you know, certainly what is the most critical thing for growing companies, which is, do they have access to capital? And is it the right capital on the right terms and in the right timing? You know, obviously, you progress from family and friends to seed rounds, to Series A and up. [00:04:17] But it's really more important, or the starting point for that analysis is really, what's driving the need for cash? Is it building your organization? Is it financing working capital? Is it plant and equipment expansion? Is it building relationships that you need to invest in? So really understanding from a, what I would call a fairly granular level, what are the cost and capital drivers in your business and really internalizing that, that economic, that, you know, the calculus of the business, because that's gonna tell you what kind of capital you need and where to go knocking on the door. It's seldom the case that you're gonna be the first guy knocking on that door, but making sure that they understand your economic model is critical.[00:04:59] And so to narrow your field down on who you're focusing on and what you're offering and making sure, I mean, whether you look at PitchBook or anything else, it's fairly easy to qualify those people and what their investment criteria are. Most firms are very upfront about what they invest in and there's nothing wrong with reaching. But there's also economy and wisdom and finding people who've done your deal before with like competitors because they understand it. They get it. Whether you consider that investor a bank or a venture capital or a family office, find people who have done it before. They're gonna bring more knowledge to the deal — in the one they do because they are always seeking to be better. Their due diligence will be a lot more efficient and helpful to you.[00:05:43] Andrew Seski: So I want to dive into something that comes up on most podcasts. When we talk about people's route to CFO roles, there's a very traditional background of accounting courses throughout undergrad and maybe a consulting job or a Big Four role. We've had a mix between a very traditional and maybe some nontraditional of serving in the Navy. And I want to go back in time to Dartmouth undergrad and leaving school. What was your, some of those first roles? Did you have sort of a traditional background? Because I want to then kind of hit on all the successes you've had because you have a pretty incredible track record as well. [00:06:19] Jack Boyles: Not at all. I got an MBA at Dartmouth and I was something of a quant jock having a mathematics degree and liking computers, which was kind of a new thing then. And, you know, took all the accounting courses. And when I got close to what the careers looked like with the Big Eight — and there were eight at that time — versus the other things that were out there, I chose consulting. [00:06:41] I joined a firm, Temple, Barker & Sloan, in Boston, worked with them for years. And candidly, they liked me because I spoke business and I could write Fortran. Those were the qualifications. And so I ended up doing most of the financial modeling on a broad range of projects and really, you know, got to be known as something of a guru in figuring out the economics in how to simplify them to the important details. I mean, that's an important notion. [00:07:07] Getting a level of detail right is sometimes the hardest thing to do right in making a projection. Too detailed — you can't maintain it, change it, and it's not useful as a policymaking tool. Too macro — it's not informing you on what the really important relationships are between the resources and their results in a business.[00:07:28] I did that for a number of years, worked across telecommunications, oil and gas, resource recovery, some consumer products, and then got tired of working for big companies because, you know, you were kind of siloed. And so when I looked over my years in consulting, the fun companies were all small and growing. That made the choice easy. So I went off on my own and one after another, you know, lived out that dream. [00:07:53] Andrew Seski: So you've mentioned early on that you are really passionate about continuous learning. And I think you probably identified consulting as one of those ways to be very, very oriented to try to be a value adder early on in your career but also across a lot of different industries so that you can continue to learn. It's very clear that you maintain that theme by being able to have a similar job title across all of these different types of firms.[00:08:18] But how are you thinking about that in terms of some of the risk profile of — I think there are a lot of CFOs who have probably fairly, just a pretty well-defined risk adversity — but going from big consulting shop to smaller firms to deploy some of that knowledge, did that phase you at all or were you pretty comfortable in those positions? [00:08:37] Jack Boyles: My wife didn't ask a lot of questions about what I was doing. So honestly, I was blessed with somebody who was very supportive and understanding and had confidence that I could make it work, whatever I chose to do. And she's, you know, she's been half-right.[00:08:52] Andrew Seski: Well, let's start talking about some of the consistent themes across these CFO roles because you do have a lot of experience in successful exits. Like I mentioned, your track record is incredible. So I want to dive into some of the themes and valuable lessons that we can share to the network of CFOs and listeners today.[00:09:11] And maybe it starts with the kind of continuous learning aspect of always trying to drive forward continuous learning. Maybe it's the definition of what a modern CFO is across being somebody who's really proficient in understanding and measuring the value of technology versus maybe opportunity cost. So were there any things that stood out really early in your career that were cemented later across some of the more successful exits that you've had?[00:09:40] Jack Boyles: I think one of the most important things to do is not overestimate your team's understanding of what the CFO is really supposed to do. And I think it's really helpful when engaging, you know, with a new team to lay out, you know, your assessment of what the roadmap is and what the principle projects are, the priorities, timing, and resource required for them. [00:10:02] Above all, we have to be good project managers. Yes, we have to have the financial disciplines and understand how to put financial statements together and make intelligent decisions about IT, infrastructure, and risk mitigation, and so forth. But really laying out that roadmap for your team members and really saying, "These are the things I own," "These are the things I need your support with." And don't assume that they really understand what the role is and how integrating it needs to be in how the business develops. [00:10:33] You know, the CFO should really take responsibility for building the infrastructure to support the vision of the people who are creating the products and services and the technologists in this day and age that are driving it forward. But to really confirm their understanding of your role, the need for detail, the need to measure what they're doing and provide regular feedback in particular that monitors their progress against their objectives. So to me, that's a lesson I learned over and over again and every time I skip it, it's like, how did I miss that? It's just, I thought I had learned that lesson the last time. And that's critical whether it's, you know, regardless of what industry you're in. [00:11:12] You mentioned the other thing about the thing that keeps me motivated. You know, one of the things that happens at business school and when you're a math major is you acquire all these analytical techniques and tools. You know, I'm really in the business of, you know, old tools for new problems. And so when somebody talks to me about security policy — huge issue for most companies today in the security, you know, whether it's compliance with GDPR or SOX to any of those issues — you know, you don't hear anybody talking about applying Bayesian analysis to that, which is, we all know the technique, but use that framework to structure the decision, to add quantitative data and substance where you can, but also understand, you know, what you're not gonna know and is undiscoverable and be able to make decisions. [00:11:59] You know, the role of a CFO if they're effective with not only the preparation of financials but can adapt that data to the decision making that's in front of them — that's critical. That's a valuable, valuable partner in your decision-making process. Not that they don't get a vote — they do and should have a vote — but the reality is making sure we've chosen the right analytical framework and context for the problem, understand what we know, what we don't know, what's worth researching, and how much time and resources are we willing to spend to improve the decision. Critical thing. And it cuts through a lot of the maxims you hear from one CFEO or, you know, one entrepreneur or the other, speed is everything in one case, fail fast. You hear all these things, but putting it in structure and putting numbers to it really helps you apply those lessons in a very focused and constructive way.[00:12:54] Andrew Seski: I want to continue to talk about this just for a moment because we've had now the pandemic. It looks like we already have a looming recession. When we talk about constructing sort of traditional models with a little bit of leeway and communicating out, you know, exactly what the role of the CFO is, how do you create and think, or how do you personally think about how to create some sort of, you know, configurability around circumstances changing and some sort of flexibility in terms of, you know, creating the models that would be able to handle, you know, some of the maybe more unforeseen types of events that we've had in the last few years?[00:13:29] Jack Boyles: Oh. [00:13:30] Andrew Seski: It's a complex question. [00:13:32] Jack Boyles: Well, I mean, you know, there's great literature on that over the past 10 years, starting with The Black Swan and the work of The Undoing Project, which is about people, you know, two psychologists won the Nobel Prize in economy and economics for really undoing capital markets theory, is what they did, and sort of challenge some of the basics of, you know, thinking fast and thinking slow, which is Daniel Kahneman's famous book. [00:13:59] Andrew Seski: Is Undoing, is that a Michael Lewis? [00:14:01] Jack Boyles: Yes. The Undoing Project is the story of Kahneman and his partner that led to the Nobel Prize. Kahneman, you know, his partner died in this research, but Kahneman continues to write and is still very influential about thinking about how decisions are made and what we, what we just assume and make decisions on every day, which needs to be tested, which is sort of at the root of these unforeseen things that nobody saw coming. [00:14:29] I'll segue back to something I raised earlier: security issues today. You know, when you ask Amazon and you've moved all your stuff to their cloud services, you know, what are you gonna do to make sure we never fail? And they say, you're making an assumption that we're not gonna fail sometime. Assume that the network's gonna go down at some point. That's a real risk. How are you gonna handle it? We can't provide that guarantee. I think about risk in that way, which is I really do carefully consider obsolescence risk of products and services. That's particularly relevant today given the pace of technological innovation and disruption going on. [00:15:05] I think, you know, we have to think very carefully in most businesses. The current clients that I have are not really geared in doing flexible planning regarding the likely wage expectations of, you know, anybody they're hiring. You know, it's not just the commission you pay a recruiter. It's the fact that the basic wages are gonna be 10% higher. So really working through at a fairly, you know, a mid-granular level, which is wages, resources, regulation can change and fundamentally alter the nature of competition in your vertical competitors themselves as well as new products and services. And I think you just have to be structured about that and really be honest. [00:15:47] People wave a hand at it by saying we've got very strong customer relationships. Well, yeah, maybe you do. I can look back and see what the recurring revenue is per customer and I'm not sure what that tells me, you know, given the threats to their business, the threats of competitors, you know, this is a free market capital society. They're gonna earn money for their shareholders and do what they think is right for them. You really have to be very circumspect about placing too much reliance on those strong customer relationships that you've had forever and even the legal contracts underneath them. I tend to be a skeptic when it comes to that.[00:16:26] Andrew Seski: Right. Having a really, really specific understanding of stakeholders, you know, not just your stakeholders but their stakeholders and, you know, whether that's their investors, the shareholders, employee owners, you know, the things that affect their businesses and your clients' businesses as well.[00:16:40] Jack Boyles: Everybody at the table.[00:16:42] Andrew Seski: Everyone at the table.[00:16:43] Jack Boyles: Everybody at the table has alternatives and it's important to understand that you can't, you know, neglect any of them and because whether it's your circumstances or their circumstances that changes dramatically, you both have to re-examine the relationship and be prepared for it.[00:16:59] Andrew Seski: One of the things we were talking about just before we started recording were some big shifts that have taken place in terms of where financial data is stored, maybe the, like sort of the future of the CFO role. And I want to touch on some of that because I think it'll reframe some of the conversation into what we can think about in terms of strategic planning in the next three to five years or even zooming out further with more innovative technologies. You mentioned you had a blockchain company that you're working with doing carbon credit so you're hitting two major themes that, even in the news right now around climate change and government funding, some new climate initiatives.[00:17:35] So I want to zoom out a little bit and talk about some of the macro things that have happened in terms of where technology and financial services have intersected, especially in the role of the CFO. [00:17:45] Jack Boyles: My perspective is if you look back over 50 years, there have been three or four major events that wholly changed the way finance was supported within companies, starting with the creation of ADP. When Frank Wattenberg created that company back in the sixties, nobody dreamed that you'd ever have the confidence to outsource the most confidential data you had, which is the compensation of your employees. You know, 10 years later, you were considered inefficient and backwards if you weren't using an outsourcer to manage the payroll processing problem. They did it better. They did it more competently. They were well-equipped to keep pace with a compliance requirements that constantly changed. Looking back, it was like, why didn't we do that earlier? [00:18:29] A couple years later, we moved from big, secure IBM mainframes to running our financials on little local area networks everywhere that rolled up. It was a revolution from having to have a mini computer, a mainframe to process your financial data or, worse yet, do a lot of it manually. That happened, you know, overnight. We all changed again with the year 2000 worries and upgraded all of our technology. [00:18:58] The last thing that happened was the move to the cloud. In 2015, I remember talking to financial partners about, you know, was anybody else contemplating moving their accounting onto these crazy platforms, NetSuite and Intacct? Not a one. I talked to a dozen companies. Not a one. Three years later, they were behind the eight ball if they weren't in that project. And now you have to have a very stable, very small business if you haven't moved your financials to the cloud, whether it's on Oracle or SAP or Intacct or NetSuite or QuickBooks Online. [00:19:34] And I predict the next, you know, role to change is the CFO. I think that the reality is the breadth of skills that a CFO had to bring 20 years ago is irrelevant today, largely. You know, the person you want in that role has great familiarity with the vertical, has great familiarity and comfort with the size of company — how many people, what's the size of the management team. You work entirely different if you're in a C-suite of a Fortune 500 than if you're one of three people running a 50-million-dollar company and you have very intimate and intense relationships with the other members of that C-suite. [00:20:13] So I think that's going to change and you're going to find, you know, CFOs, particularly for growing companies, change more often. Somebody who's really good from startup to 10 million. Somebody else has a different skillset from 10 to a hundred million, and you need somebody else for the IPO. They're different skillsets. You know, the lower you go, the broader range of skills you have to marshal and more hats you have to wear as you go up the chain, you become more of a manager and in public relations role. [00:20:46] So within the sectors that I serve, I find that it's as important for me to be able to source critical services, whether it's in IT, professional services, legal accounting, insurance, or other specialty services, whether it's R&D tax credits, 401(k) advisory work, issues of that nature. So I'm, you know, a third sourcing agent for all the professional services, a third, you know, controller, whatever accounting hat I have to wear. And third really business planner partner to the other executives. [00:21:20] Andrew Seski: So that's really helpful in terms of contextualizing all of the dynamic requirements of the CFO today. And I think it's really helpful to look backwards before looking forward. One of the things I want to segue slightly into — maybe it's more consistent or maybe it's even changing now because of everything that is more standardized and in the cloud — but I want to talk about liquidity and exits and relationship with CEOs. [00:21:45] You've had a number of exits and I'm trying to decide if I have an opinion whether or not transactions will always be complicated. You're always gonna need to bring all of the stakeholders we've mentioned into the same room to hash through details and figure out what's best for buyers and sellers. And while there might be some standardization, there's still a ton of human-level emotion behind, you know, exits. [00:22:09] So I want to know if there's been any sort of intersection between the efficiency of due diligence and exit planning. Has technology influenced all of that or is it still highly manual? A little emotional as always in building great companies and maybe having an exit, but it'd be a fun thing to think through and talk about because it's been a hard few years. I think the number of transactions that happened in the last few years have probably been off the charts. In the early 2020, I think 2020, there was record number of IPOs, first half of the year. So just thinking through that, I would love to hear either stories or lessons learned or, you know, your perspective on whether or not you think technology's gonna impact liquidity and exits. [00:22:50] Jack Boyles: Well, I think two things. In terms of the mechanics of it, you know, the progress in deal rooms and standard terms and analytical tools to look and value companies is extraordinary today. The tools at our disposal to do financial analysis have never been better. I think the hidden value of the technology isn't just the deal room and the ability to communicate better. I think you also find that people who've done a number of transactions are starting to put more and more emphasis on what are the fundamental infrastructure systems that are in place. [00:23:25] If I'm buying a company that's using the same systems I do, hallelujah. My transaction implementation cost have been cut by two-thirds. I'm not retraining their staff. I'm not reinventing the wheel. I'm doing some data cleanup at consolidation. So if you're a small company or mid-size company with a view towards being bought or buying others, choosing an industry standard platform for your ERP is critical, you know, that's not customized. It greatly simplifies and ensures the success of a transaction because it means you spend, you know, two months integrating operations rather than a year. Time is of the essence in these transactions. [00:24:07] And I think we're gonna go into a phase, particularly with, if we are in fact in recession and are likely to see a number of quarters and the capital pools are gonna dry up or be constraints fundamental, I think you're gonna see a wave of consolidations among these companies and that's gonna be their choice, either sell their IP and their customer lists if they're just technologists or go out of business because I don't think the subsequent rounds that were readily available two years ago are gonna be coming as quick or be as favorable in terms of valuations. [00:24:40] So when you look at the, you know, how the worm's turning, I would urge mid-size companies, who are revenue, you know, have profitability, positive cash flow, to really think about who are the comparable and natural acquirers for them. Chances are those companies, if they need to exit or thinking about it, they probably know who their acquirer is. And I would in some cases that, you know, urge them to have those conversations before they engage in investment banker because we're all looking at the same two-year outlook, which is highly uncertain in terms of both economic environment, as well as the availability of capital. And I'd plan for that. [00:25:20] In most cases, you know, companies that are consolidating in some form, they already know who the players are. And they know, and they're very thoughtful and intentional about what they're gonna look like to facilitate that and remove obstacles to combinations. [00:25:35] Andrew Seski: So just thinking from an investor's standpoint and from a founder's standpoint, I think in the next three to five years, there's kind of a double-edged sword here. I think on one hand, there's some excitement around if there is a downturn and money is being spent more strategically and maybe a little less out of fear of missing out on opportunities than there is that shakeup where really there could be some market dominators, if they can survive a downturn and really capture a big part of the market share in their industries.[00:26:07] So I think that is somewhat exciting to see the shakeup. It's probably nerve-racking as well for both investors and founders in the same vein. But I was gonna ask if you were really excited about anything on that kind of time horizon. I know we just mentioned the next two years feel very uncertain. But just from all these different perspectives, I was thinking it might be unique to hear what you might be excited about in the next three to five.[00:26:30] Jack Boyles: Personally, I think, you know, the whole promise of blockchain technology, in particular smart contracts, is really going to change finance in very fundamental ways that most people don't grasp yet. When I consider simple things that we had, you know, trade finance, importing goods from another country where it used to be a long, drawn-out procedure with very strict guidelines for the documentation and a very globally revered process for clearing payments and managing the transport of goods. That's a blockchain transaction. That's a smart contract today and it's collapsing.[00:27:05] Well, you know, that's, those same technologies are gonna influence lots of things in the finance world. And so I honestly see financial organizations changing dramatically. So individually as somebody who's working with small companies as a finance guy, I find that very exciting to anticipate those changes because it'll be as important as outsourcing payroll and moving your financials to the cloud and fractionalizing your CFO. It's really gonna change the way things work. [00:27:34] And the, to me, the biggest question is, it's not "if," it's "when." Is it, it could be two years. It could be five years. It could be seven. I'm not smart enough to know what the obstacles to adoption are. Oh, maybe I do. Yeah, I'm guessing it'll be government.[00:27:48] Andrew Seski: Well, I think there are a ton of regulatory pushes being made like, as we speak, basically. But I'm glad to see that a lot of the blockchain applications that are catching some traction are around decentralized finance. It's a really hard problem to solve. But there are a lot of people trying to put certain blockchain applications out there where it's sort of a square peg in a round hole. It's a more natural fit, I think, in a lot of the legalese of smart contracts being digitized. So I'm also looking forward to that. [00:28:17] I always ask whether or not you feel something is, you know, maybe undervalued or underestimated in the world from your vantage point. I know we've touched on a lot of big themes across innovative technology, across the changing role of the CFO. But just wanted to give you the opportunity if you wanted to take the conversation in really any direction where you just feel that people may not fully appreciate something that's more clear to you given all of your industry experience. [00:28:45] Jack Boyles: This is hard for somebody who's a numbers guy to say, but the proper functioning of teams is more important than I ever wanted to admit, you know, as I chose to be a math major and then went, you know, focused on quantitative things in my consulting career. And I think COVID and virtualization of so many organizations, I think there'll be another library filled with the books consultants write in three to five years about what separates those companies that did that well and knew how to bring back and re-engage their workforce. [00:29:18] The successful company that, you know, that we write about five years from now is not the one that said, well, you know, starting 2023, you've gotta spend two days a week in the office. They're gonna be a lot more sensitive to it. They're gonna be a lot more, they'll learn a lot more from how the teams functioned during COVID and immediately thereafter and they'll figure it out. And that's gonna separate the real winners and the teams that have, you know, long-term, excess profitability, and market valuations, and all of those other good things from the rest. Because once you can do that, you're accessing a global workforce, which means you can, you know, do a much better job optimizing, you know, targeted recruiting at the best cost. You'll find centers of excellence and be able to tap into them much more rapidly than a firm that's constrained and tied into some old HR, you know, notions of how this should work. [00:30:11] So I can't predict who those companies are, but that's what I'm watching very carefully. What are the innovative companies doing when it comes to how they manage their workforce, how they reward their workforce now that we've broken the model that says you show up in the same place every day. [00:30:27] And you know, certain industries are, certain companies, those that process medical claims, for example, have led in sort of, well, we don't have to do this in New York City; we can do it in Upstate New York. Or, you know, there are lots of examples of people that have taken a function and done it well, but it tends to be a very routine function and it tends to be easily supported remotely.[00:30:50] You know, the last two years gave us an opportunity to blow everything up and try new models. As somebody who's enjoyed a business career and continues to enjoy seeing what's coming, I'm really looking forward to seeing who the winners are in that race. [00:31:04] Andrew Seski: Yeah, absolutely. I was curious if you, I know you've been somebody over the course of your career who's continuously pushing the envelope on trying to find whatever is on the horizon. I'm curious as to if there are any unique sources that you look to. I mean, I've mentioned on other podcasts, I still get a physical Wall Street Journal. I'm very careful on how I curate social media and how I get news. And it's, you can just so easily be bombarded. I'm curious as to how you curate what you receive or if there are any kind of unique ways that you go seek out information or book recommendations. [00:31:38] And I only ask because Nth Round just launched a newsfeed because we are the same way. Everyone on our team has such unique access to really different types of news and we consolidate it and try to, you know, just showcase what we're thinking about that we think is interesting. It's always kind of a really unique niche between finance, technology, regulation, but it's important to us. And it's just a really interesting mix of news. So I'm just kind of curious as to, you know, as you look to your next revolution of Web3 and blockchain and everything that's happening in the world of technology and finance and regulation, kind of how you're sifting through, you know, the huge amount of content.[00:32:16] Jack Boyles: You know, honestly, we're drinking from a fire hydrant right now.[00:32:20] Andrew Seski: Absolutely. [00:32:21] Jack Boyles: I mean, just, you know, there's so much new technology and I've never prided myself as someone who can create technology. But I've always thought I was pretty good at seeing its applications and where I could really have a role. So having said that, you know, I do scan, I love to listen to a16z podcast. They always seem to be ahead of the curve in terms of identifying a technology and sort of what the fundamental economics are that are gonna, you know, lead to mass adoption. So I find that to be a great source of ideas in thinking about what's coming next. [00:32:54] Myself, I tend to go to raw data. Who is the ex-CEO of Microsoft, not Bill Gates' successor. Who's created a, you know, an American facts database. So I'll open the phone book, essentially, of facts — the Census Bureau, the tax rolls, you know, Bureau of Labor and Statistics — and look at something that may, you know, based on the idea that there's a new technology, say, well, if this applies to plumbers, how many plumbers are there in the world? You know, where are they, what do they do? Really understanding, sort of not trying to solve a global, you know, moonshot problem, but is there a problem everybody has in their household every day that this widget, this service might address? [00:33:37] To me, I am a low-hanging fruit guy. So if there's a problem that says, you know, there was really a better mouse trap, I'd be all over it because I can estimate how many mice there are and think about the problems of addressing that problem. So that's kind of how I think about things. [00:33:54] I do have an example. I ran into a company that was doing field service in electronic repairs. I looked at it and said, well, there's 300 or 400 companies you have to maintain relationships with for warranties. And there's four to 5,000 of you guys across the nation. And there's only one national player? That doesn't seem right. There's an arbitrage. There's a roll up here. [00:34:14] So to me, that was an interesting problem. I worked on it. We merged a couple companies, interesting things. But I'll look at the existing situation in an industry. I think I'm pretty good at looking at the macro forces of how an industry works, how a business works, see where there's a real arbitrage and next opportunity to exploit, you know, not trying to reinvent the wheel, but make it work better, consolidate where possible. [00:34:40] Andrew Seski: Well, stay on after the recording. I've got a very funny story. I'll have to confirm, but I believe it's told on the podcast, it's a Steve Ballmer story about early Microsoft days. But one of our podcast guests had to report to Ballmer and got some very implicit advice in his early career about efficiency and modeling, you know, assumptions after data. So we'll talk about that as we wrap up. [00:35:03] But how would you recommend people get in touch if they'd like to talk to you about any of these concepts that we've covered today or get in touch with Marcum about maybe utilizing some of the services that you're currently serving? [00:35:16] Jack Boyles: The easiest thing. I'm on LinkedIn and very visible, Jack Boyles. There aren't that many of them. So you should be able to find me. There's also a jack.boyles@marcumllp and msn.com as well. So, happy to take all calls and look forward to chatting with anybody who found this an interesting conversation. [00:35:34] Andrew Seski: Excellent. Well, thank you so much for joining The Modern CFO podcast. And I hope to talk again soon.[00:35:38] Jack Boyles: Great. Thanks, Andrew. Take care.
How to take the leap and get what you really want in life with success leader Misha Rubin Misha Rubin is CEO of Leap By Design and mastermind of The Career Leap method. He works with mid-career professionals, executives and leaders who are interested in initiating and implementing meaningful and intentional career changes and/or expanding their leadership impact. Until not long ago he was a Partner at a Big Four management consulting & accounting firm, where he spent 15 fruitful years of his career. His corporate experience, personal quest for meaning and work with hundreds of professionals, birthed the The Career Leap method, a guided actionable inquiry that is structured for you to discover and pursue your next career move as well as expand your impact as a leader. Born and raised in Ukraine, Misha is on the board of Worldwide Orphans (WWO), a non-profit that supports children at risk globally, and he recently setup up the first WWO Office in Ukraine. Additionally, Misha is an adoptive parent of 3. He is a recorded artist; Are We Ready, an album of his original songs, was released in 2013 under the artist name Misha Lyuve. More about him at https://MishaRubin.com
Although Teresa comes from generations of makers, she was the first to pursue quilting as a career when she, as she puts it, “stumbled into the quilting industry.” It began in 2011 when she joined the crew at the Fabric Shop Network and then became editor of Websense magazine. Teresa started out making garments using patterns from The Big Four. From there she discovered Indie pattern makers and vintage patterns, and really started working with non-traditional fabrics like painted canvas and double chiffons, and other weird fabrics and piecing them together to make different types of quilts. After coming on board with Shannon Fabrics, she began specializing in Shannon's Cuddle® fabrics, a 100% polyester microfiber plush fabric. Today Teresa uses these fabrics to create unique quilts, crafts, home décor, and apparel. (2:12 – 11:11)As she continues talking about her journey, she shares how a trip to Vietnam in 2007 with her children changed everything for her. After volunteering at several orphanages there, Teresa continued her outreach work. It's a fascinating story of bringing caring and hope to young Vietnamese children, and of working with others in the sewing community to provide much-needed goods to Vietnam orphanages. Because of the profound impact it had on her, Teresa hopes to return to Vietnam within the next couple of years. (11:11 – 15:24)Meanwhile, Teresa is traveling the US with her partner, videographer, and RV driver Hawke who is working with her to bring Shannon Fabrics' Sew Together Tuesdays to live audiences across America. On the road ten out of the last twelve months, they've been to 43 states, where Teresa has taught in all kinds of beautiful and charming quilt shops, met all kinds of interesting people, and experienced countless joyful moments. She talks about the range of different shops and fabrics and creative focuses, from heirloom sewing to embroidery, traditional quilting to modern clothes. She also shares the one thing that all of these shop owners have in common, which is their deep love for the industry. According to Teresa, her time on the road never stops being entertaining.Her connection to the myriad of people she meets on the road continues via her Facebook group, “I Love Cuddle® Fabric.” She loves what she does so much, she plans to continue teaching and hopes to add more pattern-making into her creative endeavors. “I get to teach. I get to learn. And that's the thing that makes me happy.” (22:07-30:04)Be sure to listen in on our casual conversation with Teresa for inspiration, insights, and a lot of smiles. If you'd like to connect with Teresa, you can reach her at Teresa@Shannonfabrics.com or at her I Love Cuddle® Fabric Facebook page.If you know someone who has an outstanding story that should be shared on this podcast, or what to comment or just say hello - drop Meg a note to Meg@sewandsopodcast.com or complete the form on our website
London-based EY, the third-largest of the Big Four accounting firms, has said it is moving ahead with plans to break the firm into two companies. This will create an $18-billion revenue audit firm and a separate but larger and faster- growing $24 billion consulting arm. The audit business will retain the EY name, while the advisory firm will don a new brand identity. The firm's 13,000 partners across 140 countries, including 550 in India, will vote on the proposal later this year. EY Global said leaders at its 15 largest member firms accounting for 80% of total revenues have unanimously supported the strategy. EY's Greater China members have refused to come on board. If successful, the move would mark the biggest shake-up in the sector since the collapse of auditor Arthur Anderson in 2002 because of the Enron accounting scandal. It reduced the ‘Big Five' to ‘Big Four'. Accenture, which was split off from Arthur Andersen and listed in 2001, is now worth $183 billion, up from $6 billion at the time of its IPO. A split of EY would result in multi-million dollar cash payouts to audit partners by the newly created consulting unit and share awards to consultant partners who move out. Reports said the consulting business will go for an IPO, with plans to raise about $10 billion dollars by selling a 15% stake. It will reportedly borrow another $17 billion, much of which would be used to pay off the partners at EY's traditional auditing business. The breakup will ease pressure from regulators to avoid conflicts of interest arising from EY providing non-audit services to audit clients. EY's Big Four rivals have also been facing the pressure to break up their audit and consulting practices. Dinesh Kanabar, CEO, Dhruva Advisors LLP says regulators may push others to follow EY's example. The likes of BCG and McKinsey will face stiffer competition. Tax compliance and advisory may face challenges. EY Global CEO Carmine di Sibio said The separation can bring in an additional $10 billion a year for the advisory business in consultancy fees from big tech companies, as the business will be freed from conflicts that bar it from winning work with EY's large audit clients. Mukesh Butani, Managing Partner, BMR Legal says EY's move will address conflict of interest. The split will allow raising of growth capital for non-audit arm. EY's decision clearly has advantages, he believes. EY CEO Di Sibio said conflicts become harder to manage as firms get bigger. He believes, other Big Four firms like Deloitte, KMPG and PwC will have to split their businesses eventually. However, the other three have refused to follow EY's lead in breaking up their businesses and indicated continuity with their current business models of providing a mix of audit, tax, advisory, legal and other professional services under one roof. Once brought into effect, EY's decision may lead to sweeping changes in the audit and advisory sectors. While it may prove to be a value-unlocking exercise for some, others may face enhanced competition. It remains to be seen whether the other Big Four firms will change their stance anytime soon or not.
In a departure from the stand taken by its “Big Four” rivals, EY last week said that it was planning to split the firm's audit and advisory businesses. Even as the other three of the group -- Deloitte, KPMG and PricewaterhouseCoopers -- were adamant on keeping the two services together, EY said that it was doing so to address regulatory concerns over potential conflicts of interest. So will this move prompt others to follow the suit and will its ripples be felt in India too. Big organisations like EY always think ahead of the curve to remain competitive. And they always have a contingency plan. But, Bangalore's authorities had no plan B ready when the city's roads and streets were flooded. A man swimming in the living room of his villa in the upscale Epsilon area, CEOs taking tractor rides to reach safer places… visuals emerging from India's Silicon Valley were just plain shocking. We ask if brand Bangalore is taking a hit. Forecast of heavy rain is also keeping the country's financial capital on the edge. Mumbai also sees regular flooding. Moving on, the Nifty MidCap and SmallCap indices have leaped up to 23% since their June lows. And though the valuations seem mildly stretched post this rally, analysts believe this broader market rally is here to stay. Meanwhile, a new trend is taking social media platforms by storm. It has triggered a debate around work culture. How much hard work should we put in? Should we go beyond our job description? Should we do only what we have been told or volunteer for extra work? Whichever way you chose to tilt, but you cannot ignore “quiet quitting”. This episoce of the podcast tells more about it.
This week on the show, Jake, Morgan, and Ryley are reviewing the exciting and bewildering new album from metalcore up-and-comers The Callous Daoboys, CELEBRITY THERAPIST, an album which defies description as much as it addictively pulls you back for more. We also talk thrash metal, and specifically Megadeth, who are back with their umpteenth record, the bloated but forgivable THE SICK, THE DYING, AND THE DEAD... but how have these thrash titans aged, and where do they rank among the legendary big four? Join us to find out! Watch the video version of this episode and support the channel on YouTube. 0:00 Intro 2:25 Ranking the Big Four of Thrash Metal 12:18 Jake's Bob Dylan Dive Goes Deeper 23:03 Deep Cut Albums from Electric Wizard & Boards of Canada 27:17 Coldplay Corner 30:06 Reading Smashing Pumpkins Lyrics 35:08 Morgan versus Muse 38:26 The Callous Daoboys - Celebrity Therapist 1:05:32 Megadeth - The Sick, the Dying... and the Dead! 1:38:37 Outro
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Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes2:02 – Review from Scott Michael Collier – Thank you! 4:49 – PwC Manager is Suing the Firm After He Lost a Chunk of His Skull at a Drunken Work Event - Going Concernhttps://www.goingconcern.com/pwc-manager-is-suing-the-firm-after-he-lost-a-chunk-of-his-skull-at-a-drunken-work-event/ 8:04 – Ernst and Young employee, 33, found dead at Sydney office after Friday night work drinkshttps://www.news.com.au/finance/work/at-work/ernst-and-young-employee-33-found-dead-at-sydney-office-after-friday-night-work-drinks/news-story/53f85fe1c0d9d96c461e9963f662a040 10:26 – Top House Intel Republican downplays Trump's records-handling: 'More of a bookkeeping issue'https://www.washingtonexaminer.com/news/politics/house-intelligence-gop-trump-docs-not-security-threat 12:16 – Crypto.com mistakenly sent a customer $7.2 million instead of a $68 refund - The Vergehttps://www.theverge.com/2022/8/31/23330458/crypto-dot-com-typo-mistake-refund-audit 17:41 – PCAOB, China sign agreement opening door for inspections - Journal of Accountancyhttps://www.journalofaccountancy.com/news/2022/aug/pcaob-china-sign-agreement-opening-door-inspections.html PCAOB observed problems during audits of SPACshttps://www.accountingtoday.com/news/pcaob-observed-problems-during-audits-of-spacs 19:27 – California Passes Radical AB 257 Fast-Food Legislationhttps://www.uschamber.com/employment-law/unions/california-passes-radical-ab-257-fast-food-legislation California Fast Food Wages Would Be Set by Government Under Bill Passed by State Legislaturehttps://www.wsj.com/articles/california-fast-food-wages-would-be-set-by-government-under-bill-passed-by-state-senate-11661811509 California QSRs Push Back Against Wage Billhttps://www.pymnts.com/news/regulation/2022/california-qsrs-push-back-against-wage-bill/ 21:39 – As prices rise, CFOs turn toward automation to control costs | Accounting Todayhttps://www.accountingtoday.com/news/as-prices-rise-cfos-turn-towards-automation-to-control-costs 26:45 – Wassia Kamon, CPA, CMA, MBA on LinkedIn: Top 10 Accounting and Finance Certifications | 177 commentshttps://www.linkedin.com/posts/wassiakamon_top-10-accounting-and-finance-certifications-activity-6962807548219445248-Y35M 29:43 – Email from Joseph – Thank you! 34:16 – Voicemail from Elliot – Thank you! 43:04 – Intuit unveils new logo design | Accounting Todayhttps://www.accountingtoday.com/news/intuit-unveils-new-logo-design It's a brand new day for Intuit!https://www.intuit.com/blog/news-social/unveiling-our-new-intuit-logo/ 45:22 – Intuit's (INTU) Earnings and Revenues Surpass Estimates in Q4 (Revised)http://www.zacks.com/stock/news/1972710/intuit-s-intu-earnings-and-revenues-surpass-estimates-in-q4-revised?cid=CS-ZC-FT-analyst_blog|earnings_article-1972710 Intuit's (INTU) Earnings and Revenues Surpass Estimates in Q4http://www.zacks.com/ Intuit Inc. (INTU) CEO Sasan Goodarzi on Q4 2022 Results - Earnings Call Transcripthttps://seekingalpha.com/article/4536551-intuit-inc-intu-ceo-sasan-goodarzi-on-q4-2022-results-earnings-call-transcript Intuit (INTU) Q4 Earnings and Revenues Beat Estimateshttps://www.zacks.com/stock/news/1971565/intuit-intu-q4-earnings-and-revenues-beat-estimates Intuit Reports Strong Full Year Results and Sets Fiscal 2023 Guidance | Business Wirehttps://www.businesswire.com/news/home/20220823005060/en/Intuit-Reports-Strong-Full-Year-Results-and-Sets-Fiscal-2023-Guidance 48:34 – MyCase Rolls Out Built-In Accounting and Integrated Document Automationhttps://www.lawnext.com/2022/08/mycase-rolls-out-built-in-accounting-and-integrated-document-automation.html MyCase Announces Release of Accounting and Robust Document Automation Integration, Further Enhancing Legal Tech Platformhttps://www.businesswire.com/news/home/20220831005177/en/MyCase-Announces-Release-of-Accounting-and-Robust-Document-Automation-Integration-Further-Enhancing-Legal-Tech-Platform 49:56 – Intuit releases automated tax advisory solution in move towards CAS support | Accounting Todayhttps://www.accountingtoday.com/news/intuit-releases-automated-tax-advisory-solution-in-move-towards-cas-support Intuit Accountants Launches Intuit Tax Advisor Integrating Tax Prep and Advisoryhttps://www.intuitiveaccountant.com/accounting-tech/vendor-news/intuit-accountants-launches-intuit-tax-advisor-integrating-t/ Intuit® Accountants launches Intuit Tax Advisor, integrating tax prep and advisoryhttps://proconnect.intuit.com/taxprocenter/proconnect/intuit-accountants-launches-intuit-tax-advisor-integrating-tax-prep-and-advisory/ 51:16 – Watch Intuit Tax Advisor Video – Tax prep + advisory tools, together at lasthttps://proconnect.intuit.com/tax-advice-planning-for-professionals/ 57:52 – Bookkeeper360 raises $3.5M Seed Round to Scale Platform and Operations | Business Wirehttps://www.businesswire.com/news/home/20220818005114/en/Bookkeeper360-raises-3.5M-Seed-Round-to-Scale-Platform-and-Operations 59:32 – Fathom acquired by UK's Access Group | Accounting Todayhttps://www.accountingtoday.com/news/fathom-acquired-by-uks-access-group 1:00:56 – Karbon Client Portal is here! | Karbon Communityhttps://community.karbonhq.com/product-updates/karbon-client-portal-is-here-1612Get in TouchThanks for listening and for the great reviews! 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Why is there an "e" in Irish Whiskey? The popular belief is that four Dublin distillers, fed up with "silent spirit" made from column stills added the "e" to the word whiskey to separate their spirit from lesser quality spirits. Say something enough times and it becomes everyone's truth. But is this really how whiskey got an "e?" I decided to dig through some 18th and 19th century newspapers to get the answer. I also stopped off to visit John Teeling's Great Northern Distillery and had 2 amazing sips of whiskey - one from the 20th century, the other from the 19th! Join me for the experience.
Jane Lo, Singapore Correspndent speaks with Zoltán Balázs, Head of Vulnerability Research at CUJO AI. CUJO AI is a company focusing on home IoT Security. Before joining CUJO AI he worked as a CTO for an AV tester company, an IT Security expert in the financial industry for five years, and as a senior IT security consultant at one of the Big Four companies for two years. His primary areas of expertise are penetration testing, malware analysis, computer forensics and security monitoring. He released the Zombie Browser Tool that has POC malicious browser extensions for Firefox, Chrome and Safari. He is also the developer of the Hardware Firewall Bypass Kernel Driver (HWFWBypass), the Encrypted Browser Exploit Delivery tool (#IRONSQUIRREL) and the Sandbox tester tool to test Malware Analysis Sandboxes. He found and disclosed a vulnerability in IP cameras, and this vulnerability was exploited by the Persirai botnet, running on ˜600 000 cameras. Zoltán has been invited to give presentations at information security conferences worldwide including DEF CON, SyScan360, SAS2018, Virusbulletin, Disobey, Deepsec, Hacker Halted USA, Botconf, AusCERT, Nullcon, Hackcon, Shakacon, OHM, Nopcon, Hacktivity, and Ethical Hacking. Proud OSCE. In this on-site interview at “Hack-in-the-Box” held at the Singapore Intercontinental Hotel, Zoltán gives some highlights of his presentation on “Web3 + Scams = It's a Match!” Sharing his perspective on what the Web3 world encompasses – including non-fungible tokens (NFTs) – he explains how some of the over-valuations reported in the media for NFTs may leave an impression of fraud and scams. He also points out how some of the old fashion investment scams such as “rug pulls” and “pump and dump” still plagues the Web3 world. One common tactic, such as preying on victim's “fear of missing out” (FOMO) on an attractive investment, can also be seen in the promotion of Bored Apes Yacht Club NFT collection. Zoltán also outlines a highly notable scam known as the “Squid Game” rug pull, where the combination of the ease of creating tokens, and the popularity of the Netflix TV show lured victims to put money into the fraudulent investment scheme. To avoid falling victim to one of the scams, Zoltán's advice is “take time, don't rush.” Recorded on-site at the Singapore Intercontinental Hotel in Bugis, 26th August 2022, 11am Singapore Time.
In this episode of Law, disrupted, John is joined by Sarah Heaton Concannon, Partner in Quinn Emanuel's Washington D.C office and Co-Chair of Quinn Emanuel's SEC Enforcement Defense practice, and Xiao Liu, Co-Managing Partner in Quinn Emanuel's Shanghai office and Chair of Quinn Emanuel's China Practice. Currently, 200 Chinese companies are publicly listed in the U.S. Those firms face the prospect of being delisted under the Holding Foreign Companies Accountable Act due to a disagreement between American and Chinese authorities on the ability to conduct investigations and access audit work papers in China. John, Xiao and Sarah discuss the terms of the China-United States agreement whereby Chinese accounting firms can share certain information with American regulators about the finances of Chinese listed companies. Is it a done deal?John opens the conversation by asking Sarah what exactly has been agreed to by U.S. and Chinese officials. She talks about how the agreement gives them the ability to conduct on-site inspections in Hong Kong and touches on how Chinese privacy and security statutes have made it impossible for the SEC and the PCAOB to conduct their routine examinations of auditors. Sarah notes how this new agreement enables the PCAOB to have its inspectors on the ground as early as mid-September, seemingly giving the auditors free reign over which audits to inspect and unfettered access to audit work papers.John then asks Xiao why this deal and special rules are needed and queries whether it could be construed as an example of the U.S. picking on China. Xiao talks about how the history of the relationship between the two nations is an important factor to consider in understanding the relationship between the PCAOB, USA and China. He dives into how, on the one hand, there is Chinese law supposedly prohibiting these audit firms from scrutinizing these materials, and on the other hand, U.S. law, which states these audit firms do have the obligation to turn over papers. Xiao highlights how Chinese authorities have a strong interest in enforcing state secrets laws and personal privacy protection laws. However, at the same time, they care about public statements regarding agreements with U.S. authorities, especially those impacting the Chinese state-owned companies whose shares are listed in the U.S.Together, John, Sarah and Xiao dive deeper into how Chinese issuers have typically tapped the Hong Kong-based affiliates of the Big Four companies, granting the PCAOB access to working papers and the right to take testimony from audit company staff in China. Sarah talks through her predictions on the future timeline of events, noting that she expects the PCAOB to draft a shortlist of companies that were already front of mind in the enforcement space and that they will quickly try to move through those audit records. The conversation shifts to a more financial perspective of the issue with John asking Xiao whether these Chinese companies will continue to want the ability to be listed in the U.S. Xiao explains how China is now comfortable with allowing PCAOB access to Chinese companies' audit papers as China has strengthened its own state secrets laws, personal privacy laws, and cybersecurity laws. China has taken the necessary steps to protect itself from issues that they have encountered in the past with the U.S. before reaching the agreement. Finally, John asks what's next and what the future holds. Sarah believes that there will be some caution to see if the PCAOB is satisfied, but only time will tell how this agreement will play out.
In today's episode, host Jeff Bernier, CFP®, ChFC, CFS is joined by Carolyn McClanahan, M.D., CFP® to discuss a sometimes difficult topic: preparing financially, emotionally, and physically for aging. Carolyn's unique background offers her a different perspective. Carolyn began her career as a physician but later made a career change when she and her husband were unable to find a financial planner to provide them the advice and guidance needed to create a great life. Carolyn and Jeff dive into the big four decisions that need to be made in preparation for aging. The cost of long-term care and insurance, healthcare, and housing can be quite expensive but Carolyn shares some examples of how avoiding these decisions could be even costlier.
Today we're talking about two popular career paths - starting out at one of the big four or going into a government role. The Big Four is the nickname used to refer collectively to the four largest professional services networks in the world. These include Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC).Joining me in this discussion is my old schoolmate Jeremy who did a cadetship at Deloitte where he worked for 6 years. Jeremy explains the interview process, culture, work-life balance and salary during his time at one of the big four.I'm going to be representing starting out in government as I spent the first 8 years of my working life in the public sector.Some of the topics we cover in today's episode are:What is the process of landing a job and what were the interviews like? (00:05:18)How does a cadetship actually work? (00:14:51)First year experiences (00:18:44)Salary progression (00:21:36)Big Four workloads and expectations (00:24:25)Government experience, expectations & work culture (00:35:12)The pros and cons of both career paths (00:48:28)Dealing with burnout (00:56:49)Finding meaningful work that brings purpose (01:00:25)LinksWebsite - Small GiantsBook - The Second Mountain: The Quest for a Moral Life - David Brookswww.aussiefirebug.com/podcast
Metalheads! You know Ben & David love their thrash, so David decided this month's grab bag should be thrash bands outside of the "Big Four." So we spin Death Angel "Humanicide," (2019); Testament, "The Ritual," (1992), Heathen, "Victim of Deception," (1991), and Holy Moses, "Finished with the Dogs," (1987).
The Dash with Matrilla podcast is all about uplifting, inspiring, mentoring, motivating & encouraging men and women to Never give up on their LIFE or their Dreams! But the core to the podcast is to Never give up on GOD! Learn to live your life to the fullest spiritually, mentally & physically....after all YOUR DASH IS YOUR LIFE STORY! What is your Dash currently saying about you? Her motto is Never Give up on your Life. Never Give up on your Dreams & Never Give on God. Her signature or tagline is "Smile It's Contagious!"
Today's show rundown: Today we have brought our friend Jeff Danik back on. He is a 28 year veteran of the FBI (see bio below). Jeff was in a supervisory role in Palm Beach Florida - where he is sitting today is about a mile away from Mar-a-Lago itself. Jeff is an FBI badass - Chuck Woolery on the other hand is feared by fish everywhere. Why didn't Mar-a-Lago get raided by the Palm Beach FBI - instead of bringing all DC FBI? Federal Search warrants for the most part - have to be issued by a federal judge in the district where the property to be searched is located. August 5th was when this case first popped. Was the DOJ working with the magistrate - did they give some other pre-trial solution? There didn't seem to be any pre trial approach to the judge for contact on this case besides just giving them the affidavit. Dozens of news media personnel companies trying to get things unsealed. The men and women in law enforcement deal with lots of people who are reprobates, uninformed, ticked off people. It's easy to flex your muscles and be the authoritarian tough guy. It is far harder to be empathetic and gain their trust - to get to the guts of the real issue. That said, what is making people so angry about this Mar-a-Lag raid? It has a lot to do with the arrogance of the legal professions. We keep being told we can NOT question our Government. You can not shine a light on anything they are doing now days, and people are getting angry about it. What can we do now? Chuck says it is up to us to set it straight. What specific action needs to be taken though. Thats what we need to focus on. We need to start holding people responsible for their actions. Why did Merrick Garland not trust the office down in Palm Beach County. https://daniksolutions.com/ An FBI leader, whose diverse twenty-eight-year career, with significant experience across all FBI Program lines, distinguishes him from his peers. White Collar Crime: Having been a CPA with Big Four experience, after joining the FBI I became a recognized expert in investigating complex financial crimes across all FBI programs especially banking and stock/securities fraud, money laundering, government fraud, public corruption, and health care. Violent Crime: As a violent crime investigator, he indicted suspects in bank robberies, multinational/gang drug cases, attempted murder cases, major theft, kidnapping and extortion cases and successfully led the hunt for fugitives. Terrorism: As a terrorism agent, investigated numerous terror organizations worldwide and as an FBI terrorism supervisor, was part of a small team that designed the gold standard online terrorism threat tracking tool used by all U.S. Intelligence Community partners. Overseas deployments: Served overseas in lengthy key assignments in Saudi Arabia, Kuwait, and Ethiopia (Horn of Africa) where he was the primary contact between those countries and the FBI. Danik also was the primary recruiter for the FBI's prestigious National Academy to obtain students from these countries. Instructing: I have extensive teaching credentials having been certified as a General Police Instructor, and International Police Instructor. I have conducted training on behalf of the FBI in Moscow and Chelyabinsk Russia, Botswana Africa, Saudi Arabia, Kuwait, Skopje, Macedonia, Rome, Italy and several cities throughout the United States. Undercover: As a member of the FBI's Undercover Program, I conceived, staffed and lead numerous sensitive FBI undercover operations. Examples are Operation Lack of Memory resulting in convictions of elected officials; Operation Farmhouse Cantina resulting in the conviction of dozens of gang members for drug, weapon and human trafficking violations;...
Ignacio launched his career as an Audit Manager at the “Big Four” firm Deloitte & Touche, where he helped make a positive impact for clients such as Direct TV, Perry Ellis, Florida Power & Light, Elizabeth Arden, Baptist Health System and the Miami Dolphins. After leaving Deloitte & Touche, he worked at MasterCard as the Director of Accounting for the Latin America Region. Upon making the leap into the hospitality industry, Ignacio worked at Shula's Steak Houses for five years as Vice President of Finance and was instrumental to the company's sustained financial success. From 2011 to 2014, he joined 50 Eggs Restaurant Group as Executive Vice President and Chief Financial Officer, where he managed all business functions of the 400-employee company, including negotiating and closing the $24-million sale of its Lime Fresh Mexican Grill division to Ruby Tuesday. He also negotiated development deals with the Sands Corp and assisted in the development and operation of James Beard Award semi-finalists Yardbird Southern Table & Bar and Khong River House, among others. In 2014, he joined Grove Bay Hospitality Group as Co-Founder and Chief Executive Officer. In just a few years, Grove Bay Hospitality Group has experienced tremendous growth and success while receiving numerous awards along the way. In 2018, Restaurant Hospitality Magazine named Grove Bay Hospitality Group as one of the Top 25 Innovative Multi-concept Restaurant Groups in the United States, it was listed by Entrepreneur Magazine at #250 for the Best Entrepreneurial Companies in America and was awarded the 2018 Business of the Year by the South Florida Business Journal. In addition, Ignacio has been recognized in the community by the South Florida Business Journal Magazine as one of its “Top Movers and Shakers” and in 2018, he was recognized by Ernst & Young as an Entrepreneur of the Year Florida Awards finalist. This award recognizes entrepreneurs who demonstrate excellent and extraordinary success in areas such as financial performance, innovation and commitment to their businesses and communities. In 2020, Ignacio was recognized as one of the most influential restaurant CEO's in the country by Nation's Restaurant News. A true reflection of a career both diverse and successful at every milestone. Ignacio holds a Bachelor of Science in Accounting from the University of Florida, a Master of Accounting from Florida International University, and a Certificate of Foodservice Management from Cornell University. He also serves as Board Member – Florida Restaurant & Lodging Association.
Welcome to Fintech Chatter, the show where Dexter Cousins invites Fintech leaders for a bit of a chat.We are committed to showcasing Australia's best Fintech leaders and entrepreneurs. Show your support with a 5-star review, it really helps in promoting the show to others in the Fintech community.In ep 122 Dexter chats to Cath Whitaker, CEO of Selfwealth. ASX listed Selfwealth runs Australia's most popular low-cost share trading platform.Based out of Melbourne, Selfwealth is leading the way in stock market investment for everyday Australians.SelfWealth is one of the very few Fintech's truly competing with Australia's Big Four banks and currently sits 4th in the market in terms of customers.SelfWealth was taken to a successful IPO in late 2017 and continues to deliver value to shareholders. With a career spanning across the globe, Cath shares her experiences as an international Fintech leader. She shares her insights on- Managing the delicate balance of keeping shareholders, customers and people happy- Making the transition from corporate to scaleup CEO- What Australia can do better to compete on a global scaleDownload the SelfWealth app A favour to askFintech Chatter is free of sponsors and will always be free content. If you appreciate the interviews please help us promote the show "follow" on your podcast player and leave a five-star review on Apple scroll to the bottom of the page (iphone or ipad only), hit 5 stars and write a review Spotify in the app click 5 starsSubscribe and like on YoutubeThanks for your support.About Tier One PeopleFounded by Dexter Cousins in 2016, Tier One People is on a mission to help Australia become the world leader in Fintech innovation.Tier One People helps companies like Revolut, TrueLayer and 10x build founding teams for launch in Australia. And series A+ / ASX Listed Aussie Fintech like Lendi, Afterpay and 86 400 hire executive talent capable of delivering growth and scale. If you are building a world-class Fintech venture and need help in hiring tier-one people contact usTier One People Leaders in Fintech Executive Search and RecruitmentFintech Chatter TV Watch us on Youtube
We're joined by our good friend Joseph Staub to discuss Anthrax's 4th studio album State Of Euphoria. It was considered a disappointment after Among The Living, but is it really that bad or is it an overlooked masterpiece? We also discuss if Anthrax deserves to be part of the Big Four, what made them unique among their contemporaries, and if Joey Belladonna was the secret of their success. If you dig yourself some brightly-colored, Mad Magazine thrash, this episode is for you…!!!
One of the "BIG FOUR" of paranormal/cryptid enthusiasm and research: The LOCH NESS MONSTER! We are no exception. My Co-Host w/ the Ghosts and myself have been fascinated w/ the legend (and reality) of the Loch Ness Monster, or Nessie for those who know him/her personally (;-)), for a good portion of our childhood and adult lives. What resides in this infamous loch; if anything? We touch base w/ both truly bizarre and logical scientific theories....What side of the proverbial aisle do we sit? Can we get through an episode without busting each other up? Well, you can surmise the answer to that one....
Germany has their own "Big Four" of thrash metal and among the elite squad are the "beerbarians" TANKARD! Frontman Andreas "Gerre" Geremia checks in on this episode of the podcast to discuss the bands eighteenth full length album, Pavlov's Dawgs.Music by:Ian Blurton's Future NowTankardFrayleIntro music by:Hot ZonePatreon: https://www.patreon.com/GettingitoutpodcastEmail: firstname.lastname@example.orgWebsite: http://gettingitout.net/Instagram: @getting_it_out_podcastFacebook: www.facebook.com/gettingitoutpodcastTwitter: @GettingItOutPod Get bonus content on PatreonSupport this show http://supporter.acast.com/getting-it-out. See acast.com/privacy for privacy and opt-out information.
Why a CIPPE-qualified Privacy Pro working for the Big Four joined the Privacy Pros Accelerator programme! In this inspiring episode, Adhnan Zuel talks about why he joined the Privacy Pro Accelerator Programme, how it changed his life and how he got four job offers in one week without even applying! Hi, my name is Jamal Ahmed and I'd like to invite you to listen to this special episode of the #1 ranked Data Privacy podcast. Get the inside scoop on how Adhnan secured a role at a Big Tech Company. Uncover: How to boost your persona brand to set you apart Why most people who self study for the CIPPE struggle with imposter syndrome How to gain clarity, confidence and credibility as a Privacy Pro! Discover how the 12 week Privacy Pro Accelerator Programme can propel your career to the next level! Adhnan Zuel works within Compliance, Privacy and Risk for KPMG, with ten years of experience working for two of the Big 4. Adhnan specializes in risk and is responsible for educating other employees on using progressive systems and applications in a compliant and risk adverse way. Adhnan is a powerful force in the workplace and uses his positive attitude and tireless energy to encourage others to work hard and succeed. Adhnan is inspired daily by his two daughters. In his free time, Adhnan likes to hike, travel and play football competitively. Listen Now... Follow Jamal on LinkedIn: https://www.linkedin.com/in/kmjahmed/ (https://www.linkedin.com/in/kmjahmed/) Connect with Adhnan on LinkedIn: https://www.linkedin.com/in/adhnan-zuel-cipp-e-0092aa176/ (https://www.linkedin.com/in/adhnan-zuel-cipp-e-0092aa176/) Get Exclusive Insights, Secret Expert Tips & Actionable Resources For A Thriving Privacy Career That We Only Share With Email Subscribers► https://my.captivate.fm/%C2%A0https://newsletter.privacypros.academy/sign-up ( https://newsletter.privacypros.academy/sign-up) Subscribe to the Privacy Pros Academy YouTube Channel► https://www.youtube.com/c/PrivacyPros (https://www.youtube.com/c/PrivacyPros) Join the Privacy Pros Academy Private Facebook Group for:Free LIVE Training Free Easy Peasy Data Privacy Guides Data Protection Updates and so much more Apply to join here whilst it's still free: https://www.facebook.com/groups/privacypro (https://www.facebook.com/groups/privacypro)
The BIG Four-1 41 years ago today, I was born. August 10th, at 10:10 AM. And I have to tell you, that this is by far the best I have ever felt in my life. I am not just saying that. The funny thing is, I have multiple people every week asking me what I have been doing differently. I tell them, not much, besides finally ‘getting it'. Something clicked and now I have been propelled to another level of health and fitness. How my body looks is just a side effect. Remember, it all starts by making a decision.
The Attitude Of Aggression returns for Chapter 3 of The Big Four Project, a chronological analysis, review, and discussion about WWE's Big Four PPVs/ Premium Live Events. On this Episode, Dave welcomes back the one and only PC Tunney to discuss two more immensely important events in pro wrestling history, the inaugural Royal Rumble and WrestleMania IV. The 1988 Royal Rumble was different than any other Rumble in history and not just because it was the first. Dave and Tunney break down the fascinating history of the first installment of an event that would evolve into an annual favorite for many in the WWE Universe. From there, the guys recap the surreal events that led to the end of Hulk Hogan's 4-year reign as WWF Champion and set the stage for, arguably, the most important tournament in WWE History at WrestleMania IV. Macho Madness reached new heights that night. But was Savage the first choice of Vince McMahon to emerge from Atlantic City with the gold that night? We have the whole story for you here on Chapter 3 of The Big Four Project!
In this spoiler-free episode Bina007 reviews the compendium mystery novel The Big Four, published by Agatha Christie in the wake of her mysterious disappearance in 1926 when she desperately needed money. She hated it, the critics hate it, but it’s … Continue reading →
0:00 Intro.1:37 Start of interview.3:03 Francine's "origin story". She grew up in Chicago and graduated from Purdue in accounting but "she hated it." She began in internal audit at Chicago's Continental Illinois National Bank and Trust. She later worked with KPMG/BearingPoint in the early 1990s. She also worked at JP Morgan where she focused on Y2K risk. Post Sarbanes Oxley she worked at PricewaterhouseCoopers LLP until 2006. She then pivoted as an investigative reporter and feature writer. At MarketWatch, and for The Wall Street Journal and Barron's, McKenna reported on public company accounting, fraud and financial investigations, and the potentially dubious financial reporting practices of pre-IPO companies. She also started teaching at different universities. She has now joined full-time as a Lecturer at University of Pennsylvania Wharton Business School.17:53 On Ernst & Young's $100 million penalty by the SEC for employees cheating on CPA ethics exams and misleading investigation. To put this case into context, it's important to understand KPMG's case from 2019 ($50 million penalty by the SEC). Note this teaching case study on the KPMG/PCAOB scandal.24:50 Criminal convictions in KPMG case.26:01 EY's role in misleading the investigation of the SEC.31:38 On KPMG receiving its largest UK fine (£14.4M) for providing false information about its audits of Carillion and Regenersis. On why the "Big 4 Audit Firms" are "Too Big to Fail."33:16 What's really going on with the Big 4 audit firms? Audit services vs consulting services. "When there is tension between professionalism and commercialism, [the latter] will always win out." "You cannot restrain the heartless except via enforcement."37:50 On lessons for directors in frauds of private companies. "I use Theranos as a warning case for students in accounting: it's the canary in the coalmine in case the audit profession doesn't evolve." There were three audit firms involved in the Theranos case: EY at the beginning but then walked away, then KPMG until they had a dispute about stock option valuations (staying only to do consulting), and PwC did forensic work winding down the company. None of them audited the firm, they only provided services. "They [the audit firms] made more money, with less liability, by providing other services [actively choosing not to provide auditing services.]" "Private companies avoiding going public [the deeper scrutiny] is the shape of things to come." How the JOBS Act stripped away some of the scrutiny over emerging growth companies [EGCs]. Some, like SEC Commissioner Hester Peirce, are in favor of this lighter regulatory approach.47:22 On whether unicorns require a stricter regulatory framework. "We are seeing this [laissez-faire] attitude to the max in the crypto industry."50:00 On whether Sarbanes Oxley had a negative effect on the US IPO market. "We should not have marginal/shady companies in the public markets." On the negative effect of relaxing the rules in the JOBS Act. "We should be talking about the quality of companies, not the quantity of listings."55:26 On the difference between valuations (in private companies) and marketcap (in public companies). "I'm a big believer in the power of short sellers and activist investors to highlight [price inefficiencies and fraud] because they put their money where their mouth is." "The SEC has been very disappointing in both Republican and Democratic administrations in terms of actually calling accounting fraud by its name." On the role of whistleblowers.01:04:02 On the rise (and increasing political polarization) of ESG. "I'm cynical towards it, firms are looking to get a piece of clients' wallets." "The trend first emerged in Europe with firms providing side audits like carbon emissions." "My head is tainted with the idea that it's all a big marketing ploy." The audit mandate in the proposed SEC's climate change disclosure rules. On the proxy proposals (like Exxon's) and greenwashing.01:10:28 - Three books that have greatly influenced her life: Siddartha, by Hermann Hesse (1922)The Road Less Traveled, by M. Scott Peck (1978)The Origins of Totalitarianism, by Hannah Arendt (1951)01:13:18 - Who were your mentors, and what did you learn from them? From her time at Continental Illinois:Peggy Jackson TurnerJudy Port01:15:03 - Are there any quotes you think of often or live your life by? "Der Mensch Tracht, un Gott Lacht (Man Plans, and God Laughs)" (Yiddish)"Morallity cannot be legislated, but behavior can be regulated. Judicial decrees may not change the heart, but they can restrain the heartless." Martin Luther King Jr.01:16:12 - An unusual habit or an absurd thing that he loves: collecting metal objects.01:17:47 - The living person she most admires: Judge Jed S. Rakoff, Jordan Peele.Francine McKenna is a full-time Lecturer at University of Pennsylvania Wharton Business School. She teaches ACCT 611 and 613, Introduction to Financial Accounting for MBAs. She is also an independent writer and commentator and authors the newsletter The Dig, where she scrutinizes accounting, audit and corporate governance issues at public and pre-IPO companies.__You can follow Francine on social media at:Twitter: @retheauditorsLinkedIn: https://www.linkedin.com/in/francinemckenna/Substack: https://thedig.substack.com/__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License
Selling Your Expertise: The Mindset, Strategies, and Tactics of Successful Rainmakers by Robert Chen About the Book: How do rainmakers consistently and continuously sell their ideas and grow their client base? What is the secret to their ongoing success? Whether they are in accounting, consulting, investment banking, law, or any other type of professional service, it's not just their knowledge, experience, and unique services that set them apart. They succeed by adopting the mindset, mastering the strategies, and employing the tactics at the heart of rainmaking. In Selling Your Expertise: The Mindset, Strategies, and Tactics of Successful Rainmakers, veteran communications, sales, and leadership consultant Robert Chen provides a practical guide to selling knowledge-based services in a market that demands credibility and subject-matter authority. Chen and his colleagues at Exec|Comm have helped hundreds of thousands of professionals learn to sell, influence, and negotiate more effectively. This book condenses Chen's first-hand experience and over 40 years of Exec|Comm's best sales advice, along with interviews featuring other successful rainmakers from a variety of professions and industries. Whether you're a national practice partner at a Big Four consulting firm or an independent attorney just starting out, this book equips you with the real-life knowledge you need to: Develop a client-focused mindset to help build a thriving book of business Use effective strategies to find your ideal prospects and turn them into long-term clients, using concrete metrics to assess whether you're on the right track Apply practical tactics to build a trusted reputation, sharpen communication skills, manage the challenges of not having enough time to sell, and push beyond obstacles The perfect book for consultants, investment bankers, lawyers, research analysts, and accountants, Selling Your Expertise is an invaluable resource for any professional who makes a living by selling solutions to their clients' most pressing needs. About the Author: Robert Chen is a Partner at Exec|Comm LLC, a global skills-based training consultancy where he leads the firm's business development and sales efforts. In addition to his corporate client work, Robert teaches Advanced Persuasion and Storytelling at the Wharton School for their MBA and Executive MBA programs. Robert founded Embrace Possibility, a digital media site focused on helping people reach their full potential. In 2013, Robert published his book on goal setting and success, The Dreams to Reality Fieldbook: A Step-by-Step Guide to Get What You Want. He has shared his perspective on business development, strategic career management, and professional development in numerous articles for Fast Company, Business Insider, and Training Magazine. Robert holds an MBA from Wharton and double majored in Chemistry and Economics at Cornell University. And, interesting facts – he has lived in China and Japan, visited the seven continents, got his start in the business world as a student selling Cutco knives and his LinkedIn bio mentions that he is a semi-cool dad at home. Click here for this episode's website page with the links mentioned during the interview... https://www.salesartillery.com/marketing-book-podcast/selling-expertise-robert-chen
On this episode, we talk to Elle Nash about Perfect Blue and Millennium Actress. We talk about: Cringe tweets, experience coming with age, sincerity that's actually sincere, the long tail, being sick while having kids, watching people die on the internet, identity on the internet vs. “the real you”, overfamiliarity in the DMs, simps of all stripes, the origin of the “Stan," the breakdown between reality and fiction, juxtapositions making a scene pop, the mundanity of serial killers, the influence of media on people, torture techniques, the journey being the whole thing, artists having one message, not talking about works in progress, what writing can do that no other artwork can, the fictive dream state, psychic closeness, first draft vs. seventh draft, the publishing industry's death spiral, what the fuck is a “comp," and how the Big Four doesn't care about poor people unless it's poverty porn.
This week, Dan welcomes a guest who he describes as "my style of investor"... Stansberry Venture Value editor Bryan Beach. In his newsletter, Bryan hunts for gems in the beaten-down, hated microcap sector of the market. And no one does it better than Bryan... Thanks to years of creating and auditing financial reports for the "Big Four" and software companies, he has honed his talent for uncovering opportunities within the dense terrain of Securities and Exchange Commission ("SEC") filings. Dan and Bryan delve into a conversation about special purpose acquisition companies ("SPACs") – a topic Bryan has been covering well before the 2021 bubble popped. And he has dug deep into the "SPAC scrap heap" to uncover a few diamonds in the rough, naming a few businesses on his radar, too. Bryan also discusses another overvalued group of stocks that's a favorite of his – Software as a Service. Then, he scrutinizes the housing market, and Dan shares his "macro" point of view on the matter. Finally, Bryan urges listeners to keep an open mind when investing... and to not readily dismiss the speculative side of the market... "I encourage our readers to be thinking about all parts of their port. There's a time to go deep in microcaps and there's a time to avoid them altogether. And everyone's situation is a little bit different. That's what I think is important... Pull up and look down at your portfolio. Get out of the weeds and look down at your whole portfolio... There's some part of the market that you haven't thought about in a while that you probably should think about again."
In the first hour, Dan Bernstein and Laurence Holmes discussed the White Sox's 12-2 rout of the Twins on Thursday in the opener of their big four-game series. The guys then discussed how it looked like joy returned during the win, with White Sox players looking happy and first baseman Jose Abreu mimicking third baseman Yoan Moncada's slide to home plate during the team's two-run rally in the sixth inning. How long will that joy last? Later, Bernstein and Holmes had a discussion about outfielder Luis Robert hitting the first grand slam of his career.