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Phil Le-Brun: The Octopus Organization Phil Le-Brun is an executive in residence at Amazon Web Services and a former corporate VP and international CIO at the McDonald's Corporation. He is a sought-after speaker and has been featured in Harvard Business Review, The Wall Street Journal, and The Guardian. He is the co-author with Jana Werner of The Octopus Organization: A Guide to Thriving in a World of Continuous Transformation (Amazon, Bookshop)*. Most of us have gone through some version of a reorg. A lot of leaders have also implemented their own reorgs. Sometimes they work. Many times, they don't. In this conversation, Phil and I discuss what goes wrong with reorgs and how we can do better. Key Points Organizations traditionally looked like the tin man from The Wizard of Oz: perfectly planned, many interchangeable parts, not flexible. An octopus organization adapts, works independently to serve the larger whole, and is innately curious. A reorg that starts with an org chart misses the complex organic connections you are unlikely to fully understand. Prioritize structural stability while building internal flexibility. Nurture the complex informal human networks that deliver value. Be honest about objectives and communicate a reorg early. Engage people by starting with smaller-scale change. Clarify the problem to be solved instead of the structural “answer.” Resources Mentioned The Octopus Organization: A Guide to Thriving in a World of Continuous Transformation by Phil Le-Brun and Jana Werner (Amazon, Bookshop)* Interview Notes Download my interview notes in PDF format (free membership required). Related Episodes How to Get the Ideal Team Player, with Patrick Lencioni (episode 301) How to Approach a Reorg, with Claire Hughes Johnson (episode 621) How to Help Employees Handle Tough Moments, with Anthony Klotz (episode 777) Discover More Activate your free membership for full access to the entire library of interviews since 2011, searchable by topic. To accelerate your learning, uncover more inside Coaching for Leaders Plus.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down. In the Technology Corner, Noah Newman visits with Stotz Equipment precision specialist Jake Nordenberg. Also in this episode, coverage on the legal considerations for CNH's reorganization of its Case IH and New Holland dealer network management and the cancellation of a John Deere dealer merger in Manitoba.
The MacVoices Live! panel covers a fake vendor site spreading malware, Apple's new accessibility previews, and a hardware reorganization aimed at faster, more unified product development. Chuck Joiner, David Ginsburg, Eric Bolden, Web Bixby, Jim Rea, Brian Flanigan-Arthurs, Jeff Gamet, and Marty Jencius also discuss Eyes Off for shoulder-surfing protection, Microsoft and Google reactions to the MacBook Neo, Google's proposed AI laptop, and broader questions about AI becoming part of operating systems. MacVoices is supported by NordLayer. Secure your network & stay compliant with one toggle-ready platform. Get an exclusive offer: up to 22% off NordLayer yearly plans plus 10% on top with the coupon code: MACVOICES10 at NordLayer.com/macvoices. Try it risk-free—14-day money-back guarantee. Show Notes: Chapters: [0:00] Opening topics and panel introductions[6:18] Fake CleanMyMac site spreading malware[7:54] Apple previews new accessibility features[12:32] Updated show notes process and sponsor message[14:42] Apple hardware reorganization and product development[21:45] Eyes Off app and shoulder-surfing protection[25:36] Microsoft study, Google Book, and MacBook Neo competition[30:37] Gemini, Copilot, Apple Intelligence, and AI integration[37:47] Browsers, operating systems, and system-level functionality[40:42] Google and Microsoft reactions to Neo momentum[43:25] School buying decisions, Chromebooks, and Neo value[45:07] Closing credits[ Links: Fake CleanMyMac site installs SHub Stealer and backdoors crypto wallets https://www.malwarebytes.com/blog/threat-intel/2026/03/fake-cleanmymac-site-installs-shub-stealer-and-backdoors-crypto-wallets Apple Previews New Accessibility Features Powered by Apple Intelligence https://www.macrumors.com/2026/05/19/new-accessibility-features-with-apple-intelligence/ Here's how Johny Srouji plans to speed up Apple's product development: report https://9to5mac.com/2026/05/19/heres-how-johny-srouji-plans-to-speed-up-apples-product-development-report/ AppBITS: EyesOff Alerts You to Shoulder Surfing https://tidbits.com/2026/05/19/appbits-eyesoff-alerts-you-to-shoulder-surfing/ Microsoft commissioned a very serious study to prove MacBook Neo isn't a threat https://www.macworld.com/article/3140022/microsoft-commissioned-a-whole-macbook-neo-study-because-its-totally-not-worried.html Google unveils Googlebook: Android-powered AI laptops replace Chromebooks with Gemini at the OS level https://thenextweb.com/news/google-killed-the-chromebook-its-replacement-turns-your-cursor-into-an-ai-agent Guests: Web Bixby has been in the insurance business for 40 years and has been an Apple user for longer than that.You can catch up with him on Facebook, Twitter, and LinkedIn, but prefers Bluesky. Eric Bolden is into macOS, plants, sci-fi, food, and is a rural internet supporter. You can connect with him on Twitter, by email at embolden@mac.com, on Mastodon at @eabolden@techhub.social, on his blog, Trending At Work, and as co-host on The Vision ProFiles podcast. Brian Flanigan-Arthurs is an educator with a passion for providing results-driven, innovative learning strategies for all students, but particularly those who are at-risk. He is also a tech enthusiast who has a particular affinity for Apple since he first used the Apple IIGS as a student. You can contact Brian on twitter as @brian8944. He also recently opened a Mastodon account at @brian8944@mastodon.cloud. Jeff Gamet is a technology blogger, podcaster, author, and public speaker. Previously, he was The Mac Observer's Managing Editor, and the TextExpander Evangelist for Smile. He has presented at Macworld Expo, RSA Conference, several WordCamp events, along with many other conferences. You can find him on several podcasts such as The Mac Show, The Big Show, MacVoices, Mac OS Ken, This Week in iOS, and more. Jeff is easy to find on social media as @jgamet on Twitter and Instagram, jeffgamet on LinkedIn., @jgamet@mastodon.social on Mastodon, and on his YouTube Channel at YouTube.com/jgamet. David Ginsburg is the host of the weekly podcast In Touch With iOS where he discusses all things iOS, iPhone, iPad, Apple TV, Apple Watch, and related technologies. He is an IT professional supporting Mac, iOS and Windows users. Visit his YouTube channel at https://youtube.com/daveg65 and find and follow him on Twitter @daveg65 and on Mastodon at @daveg65@mastodon.cloud. Marty Jencius, Ph.D.,is a counselor educator and technology pioneer who has spent 30 years bringing emerging tech into his field — from founding one of the first professional listservs (CESNET-L) to podcasting, virtual reality, and now AI and AR. He is the founder of ThePodTalk.net, where he produces Vision ProFiles, The Old Mac Gang, A.I. Productivity Workflow, The Tech Savvy Professor, 15 Minute Bytes, The Neo Notebook, and Fade to Chat: Golden Age Cinema. He is also a regular panelist on MacVoices Live!, In Touch with iOS, and The Mac Show. Find him on Bluesky and Mastodon. Jim Rea built his own computer from scratch in 1975, started programming in 1977, and has been an independent Mac developer continuously since 1984. He is the founder of ProVUE Development, and the author of Panorama X, ProVUE's ultra fast RAM based database software for the macOS platform. He's been a speaker at MacTech, MacWorld Expo and other industry conferences. Follow Jim at provue.com and via @provuejim@techhub.social on Mastodon. Support: Become a MacVoices Patron on Patreon http://patreon.com/macvoices Enjoy this episode? Make a one-time donation with PayPal Connect: Web: http://macvoices.com Twitter: http://www.twitter.com/chuckjoiner http://www.twitter.com/macvoices Mastodon: https://mastodon.cloud/@chuckjoiner Facebook: http://www.facebook.com/chuck.joiner MacVoices Page on Facebook: http://www.facebook.com/macvoices/ MacVoices Group on Facebook: http://www.facebook.com/groups/macvoice LinkedIn: https://www.linkedin.com/in/chuckjoiner/ Instagram: https://www.instagram.com/chuckjoiner/ Subscribe: Audio in iTunes Video in iTunes Subscribe manually via iTunes or any podcatcher: Audio: http://www.macvoices.com/rss/macvoicesrss Video: http://www.macvoices.com/rss/macvoicesvideorss
The MacVoices Live! panel covers a fake vendor site spreading malware, Apple's new accessibility previews, and a hardware reorganization aimed at faster, more unified product development. Chuck Joiner, David Ginsburg, Eric Bolden, Web Bixby, Jim Rea, Brian Flanigan-Arthurs, Jeff Gamet, and Marty Jencius also discuss Eyes Off for shoulder-surfing protection, Microsoft and Google reactions to the MacBook Neo, Google's proposed AI laptop, and broader questions about AI becoming part of operating systems. MacVoices is supported by NordLayer. Secure your network & stay compliant with one toggle-ready platform. Get an exclusive offer: up to 22% off NordLayer yearly plans plus 10% on top with the coupon code: MACVOICES10 at NordLayer.com/macvoices. Try it risk-free—14-day money-back guarantee. Show Notes: Chapters: [0:00] Opening topics and panel introductions [6:18] Fake CleanMyMac site spreading malware [7:54] Apple previews new accessibility features [12:32] Updated show notes process and sponsor message [14:42] Apple hardware reorganization and product development [21:45] Eyes Off app and shoulder-surfing protection [25:36] Microsoft study, Google Book, and MacBook Neo competition [30:37] Gemini, Copilot, Apple Intelligence, and AI integration [37:47] Browsers, operating systems, and system-level functionality [40:42] Google and Microsoft reactions to Neo momentum [43:25] School buying decisions, Chromebooks, and Neo value [45:07] Closing credits[ Links: Fake CleanMyMac site installs SHub Stealer and backdoors crypto wallets https://www.malwarebytes.com/blog/threat-intel/2026/03/fake-cleanmymac-site-installs-shub-stealer-and-backdoors-crypto-wallets Apple Previews New Accessibility Features Powered by Apple Intelligence https://www.macrumors.com/2026/05/19/new-accessibility-features-with-apple-intelligence/ Here's how Johny Srouji plans to speed up Apple's product development: report https://9to5mac.com/2026/05/19/heres-how-johny-srouji-plans-to-speed-up-apples-product-development-report/ AppBITS: EyesOff Alerts You to Shoulder Surfing https://tidbits.com/2026/05/19/appbits-eyesoff-alerts-you-to-shoulder-surfing/ Microsoft commissioned a very serious study to prove MacBook Neo isn't a threat https://www.macworld.com/article/3140022/microsoft-commissioned-a-whole-macbook-neo-study-because-its-totally-not-worried.html Google unveils Googlebook: Android-powered AI laptops replace Chromebooks with Gemini at the OS level https://thenextweb.com/news/google-killed-the-chromebook-its-replacement-turns-your-cursor-into-an-ai-agent Guests: Web Bixby has been in the insurance business for 40 years and has been an Apple user for longer than that.You can catch up with him on Facebook, Twitter, and LinkedIn, but prefers Bluesky. Eric Bolden is into macOS, plants, sci-fi, food, and is a rural internet supporter. You can connect with him on Twitter, by email at embolden@mac.com, on Mastodon at @eabolden@techhub.social, on his blog, Trending At Work, and as co-host on The Vision ProFiles podcast. Brian Flanigan-Arthurs is an educator with a passion for providing results-driven, innovative learning strategies for all students, but particularly those who are at-risk. He is also a tech enthusiast who has a particular affinity for Apple since he first used the Apple IIGS as a student. You can contact Brian on twitter as @brian8944. He also recently opened a Mastodon account at @brian8944@mastodon.cloud. Jeff Gamet is a technology blogger, podcaster, author, and public speaker. Previously, he was The Mac Observer's Managing Editor, and the TextExpander Evangelist for Smile. He has presented at Macworld Expo, RSA Conference, several WordCamp events, along with many other conferences. You can find him on several podcasts such as The Mac Show, The Big Show, MacVoices, Mac OS Ken, This Week in iOS, and more. Jeff is easy to find on social media as @jgamet on Twitter and Instagram, jeffgamet on LinkedIn., @jgamet@mastodon.social on Mastodon, and on his YouTube Channel at YouTube.com/jgamet. David Ginsburg is the host of the weekly podcast In Touch With iOS where he discusses all things iOS, iPhone, iPad, Apple TV, Apple Watch, and related technologies. He is an IT professional supporting Mac, iOS and Windows users. Visit his YouTube channel at https://youtube.com/daveg65 and find and follow him on Twitter @daveg65 and on Mastodon at @daveg65@mastodon.cloud. Marty Jencius, Ph.D.,is a counselor educator and technology pioneer who has spent 30 years bringing emerging tech into his field — from founding one of the first professional listservs (CESNET-L) to podcasting, virtual reality, and now AI and AR. He is the founder of ThePodTalk.net, where he produces Vision ProFiles, The Old Mac Gang, A.I. Productivity Workflow, The Tech Savvy Professor, 15 Minute Bytes, The Neo Notebook, and Fade to Chat: Golden Age Cinema. He is also a regular panelist on MacVoices Live!, In Touch with iOS, and The Mac Show. Find him on Bluesky and Mastodon. Jim Rea built his own computer from scratch in 1975, started programming in 1977, and has been an independent Mac developer continuously since 1984. He is the founder of ProVUE Development, and the author of Panorama X, ProVUE's ultra fast RAM based database software for the macOS platform. He's been a speaker at MacTech, MacWorld Expo and other industry conferences. Follow Jim at provue.com and via @provuejim@techhub.social on Mastodon. Support: Become a MacVoices Patron on Patreon http://patreon.com/macvoices Enjoy this episode? Make a one-time donation with PayPal Connect: Web: http://macvoices.com Twitter: http://www.twitter.com/chuckjoiner http://www.twitter.com/macvoices Mastodon: https://mastodon.cloud/@chuckjoiner Facebook: http://www.facebook.com/chuck.joiner MacVoices Page on Facebook: http://www.facebook.com/macvoices/ MacVoices Group on Facebook: http://www.facebook.com/groups/macvoice LinkedIn: https://www.linkedin.com/in/chuckjoiner/ Instagram: https://www.instagram.com/chuckjoiner/ Subscribe: Audio in iTunes Video in iTunes Subscribe manually via iTunes or any podcatcher: Audio: http://www.macvoices.com/rss/macvoicesrss Video: http://www.macvoices.com/rss/macvoicesvideorss
Laura Stanton, the acting commissioner of GSA's FAS, said the changes will improve how the offices interact with each other as well as customers.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
On Today's Show: To Support And Subscribe
The U.S. Forest Service is heading for a major restructure. Its headquarters are moving from D.C. to Utah, all regional offices are being eliminated, and dozens of research facilities across 31 states are being shuttered. This is all unfolding before what's expected to be a very active wildfire season. How do these changes affect our ability to fight wildfires? But first, we're digging into the latest economic impacts of war in the Middle East.
The U.S. Forest Service is heading for a major restructure. Its headquarters are moving from D.C. to Utah, all regional offices are being eliminated, and dozens of research facilities across 31 states are being shuttered. This is all unfolding before what's expected to be a very active wildfire season. How do these changes affect our ability to fight wildfires? But first, we're digging into the latest economic impacts of war in the Middle East.
Nik Seetharaman has watched the offensive side of cybersecurity adopt AI tools at a pace defenders can't match. So, he built a company to close that gap. Before founding Wraithwatch, he was the first CIO of Anduril, a defense tech company he joined when it was 100 people and helped scale through hypergrowth. His path (Palantir to SpaceX to building AI-native cyber defense platforms for over a dozen federal agencies) gives him a view most CIOs and CISOs don't have. In this episode, Nik makes the case that AI has created a forcing function for CIOs and CISOs to finally work together, plus, shares how to run a pilot that actually moves the needle, why blocking AI tools backfires, and what the OpenClaw security drama gets right and wrong. 3 Takeaways: The CIO-CISO turf war is now a competitive disadvantage. Whoever figures out AI collaboration first wins. Treat every internal AI rollout like a startup: small cohort, parallel security review, measure the outcome in revenue. The best investment a new CIO can make isn't a security stack—it's coffee with people. Chapters: [01:46] What Wraithwatch Builds [05:25] AI Forces CIO / CISO Alignment [07:55] OpenClaw Security Tradeoffs [09:21] SecOps at Developer Speed [12:49] Rolling Out Risky Tools [14:44] Why Leaders Must Use AI [19:01] How to Reorg for the AI Era [22:30] Vendor Hunting for Grand Slams [25:49] $30M Contract and What's Next About Nik: Nik Seetharaman is the Founder and CEO of Wraithwatch, a next-generation cyber defense company building AI-native command-and-control platforms for the United States and its allies. He co-founded the company alongside fellow SpaceX alumni Grace Clemente and Carlos Moss. Before starting Wraithwatch, Nik served as the first CIO of Anduril, a defense technology company he joined when it was approximately 100 people, where he built the cybersecurity function from the ground up and saw the company through hypergrowth. His career spans cybersecurity leadership roles at Palantir, SpaceX, and Andel, giving him a rare vantage point across the offense-defense asymmetry that defines today's threat landscape. Guest Highlights:"You can't have the attackers operating at the speed of a machine out here, and the defenders operating at the speed of a human in here." "Any business that's able to figure out this equation and execute it successfully is going to just crush their competition—because they're gonna move at warp speed and their competition will still be moving at human speed." "If I could rewind my first days at Andel, it's not to deploy more controls, it's not to learn about some new security stack or software—I would've just had more coffee with people. The human capital you build doing that pays off in spades. Because that's the thing that's rare in an age where the machines are taking over." Get Connected: Ian Faison: https://www.linkedin.com/in/ianfaison Nik Seetharaman: https://www.linkedin.com/in/nikseetharaman/ Resources: OpenClaw: https://openclaw.ai LangChain: https://www.langchain.com Cursor: https://cursor.com Our Sponsor: Want to accelerate software development by 500%? Meet Blitzy, the only autonomous code generation platform with infinite code context, purpose-built for large, complex enterprise-scale codebases. While other AI coding tools provide snippets of code and struggle with context, Blitzy ingests millions of lines of code and orchestrates thousands of agents that reason for hours to map every line-level dependency. With a complete contextual understanding of your codebase, Blitzy is ready to be deployed at the beginning of every sprint. Blitzy handles the heavy lifting, delivering over 80% of the work autonomously. The platform plans, builds, and validates premium-quality code at the speed of compute, turning months of engineering into a matter of days. It's the secret weapon for Fortune 500 companies globally. To hear how engineering leaders are transforming the way they deliver software, visit blitzy.com. Schedule a meeting with their consultants to enable an AI-Native SDLC in your organization today. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
TOPIC: Ford Reorganization PANEL: Doron Levin, Seeking Alpha; Adam Bernard, AutoPerspectives; Gary Vasilash, shinymetalboxes.net; John McElroy, Autoline.tv
David Haber speaks with Owen Jennings, executive officer and business lead at Block, about how the company rebuilt itself around AI agents, small squads, and internal tools like Goose and Builder Bot after restructuring more than 40% of its workforce. They discuss what it took to execute a major restructuring, how teams of three are now doing what teams of 14 used to, and how Block is shipping AI-native products like Money Bot and Manager Bot that generate custom interfaces on the fly for tens of millions of users. Resources: Follow Owen Jennings on X: https://twitter.com/owenbjennings Follow David Haber on X: https://twitter.com/dhaber Stay Updated:Find a16z on YouTube: YouTubeFind a16z on XFind a16z on LinkedInListen to the a16z Show on SpotifyListen to the a16z Show on Apple PodcastsFollow our host: https://twitter.com/eriktorenberg Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Meta and Amazon are cutting managers, but is it efficiency or chaos?Is de-layering, or flattening your org chart, good for a company, or is it a recipe for destruction?Join Product Manager Brian Orlando and Enterprise Business Agility Coach Om Patel as we wade into the murky pool that is the latest of corporate trends - "un-bossing" or the mass sacrifice of middle management and mid-level coordination roles on the unholy alter of efficiency. While the biggest of big companies are slashing layers to reduce costs and empower the IC (individual contributors), we take a more nuanced look, arguing that without proper system redesign, this approach leads to decision bottlenecks, leadership vacuums, and the collapse of career mobility.Listen or watch as we discuss:- Why firing coordinators doesn't eliminate the need for coordination- The dangers of "spreadsheet-driven development" (SDD™)- How informal hierarchies and politics emerge when formal authority is removed- The impact of removing middle management on mentorship, sponsorship, and career growth- How to actually flatten an org, when necessaryWe're pulling out all the stops (and the research) as we review Google's failed "no manager" experiment from 2002, revisit the book Team Topologies, and discuss the recent trend towards a Chief of Staff type role. If you are a leader considering a reorg or a developer wondering why your meetings are getting more chaotic, this episode is for you!#ProductManagement #Leadership #TeamTopologiesTeam Topologies by Matthew Skelton and Manuel Pais, Google Project Oxygen, Fortune article "Executives are drowning. Blame the vanishing middle management layer" by Lily May Lazarus, Zappos Holacracy, Arguing Agile Episode #67 (Team Topologies), Arguing Agile Episode #250 (AI ROI)LINKSYouTube: https://www.youtube.com/@arguingagileSpotify: https://open.spotify.com/show/362QvYORmtZRKAeTAE57v3Apple: https://podcasts.apple.com/us/podcast/agile-podcast/id1568557596INTRO MUSICToronto Is My BeatBy Whitewolf (Source: https://ccmixter.org/files/whitewolf225/60181)CC BY 4.0 DEED (https://creativecommons.org/licenses/by/4.0/deed.en)
In her first-ever podcast interview ever, Audacy CEO Kelli Turner discusses the company's content-first strategy and how it will help a radio company remain relevant to digitally-obsessed local advertisers. She also describes how different Audacy might look like a decade from now. With Corey on vacation, Gordon is joined by guest co-host Shannon Kinney, an SMB marketing expert weighs in on how advertisers might view Audacy's gameplan. Stay in the loop with all things Borrell when you join our Research Alert Lists. As always, thank you for listening. If you like the episode, leave us a review! Want to join the conversation? Share your comments at borrellassociates.com/podcast.
ZeroAvia founder Val Miftakhov and the SuperStack Flex modular fuel cell power generation system, plus Alicia and David discuss the news and how you can help prevent ADS-misuse, FAA reorganization efforts, ‘systemic failures' leading to the DCA midair, and the Greg Biffle Citation crash preliminary report.
WITH OUR FAVORITE SEATTLE SEAHAWKS PLAYING THIS WEEKEND IN THE THE BIG GAME…KEITH TAKES A LOOK AT THE DEATH OF “RADIO ROW” FOR SUPER BOWLLE GRETT TO BEASLEY? HOW DOES THAT MAKE SENSE? AUDACY'S NEW REORG HAS SOME SERIOUS PAIN FOR MARKET MANAGERS.Media Insultant is produced each Wednesday as Jackson Dell Weaver & Keith Samuels offer comments, ideas and sometimes snarky comments about the current media landscape. They focus on radio and TV primarily - but also any media that is relevent or beneficial to media sales and management. Videos are under the Media Insultant Showcase on Vimeo. Comments are always welcome at jackson@intownmedia.com Thanks for listening!
On Today's Show: To Support And Subscribe: https://thehotshotwakeup.substack.com/Yesterday, USDA Leadership announced plans to move the Forest Service leadership and senior staff from D.C. to Salt Lake City.This is part of the reorganization plan, which will phase out the 9 Regions and create five hubs. This still all hinges on Congressional approval.Senators penned a letter to Forest Service Chief Schultz requesting clarification on hiring numbers, staffing, prescribed burns, and fuel mitigation numbers.They have nine specific points they want answered by December 12th of this year.The inaugural Director of the USWFS.THE HOTSHOT WAKE UP — Thank you to all of our paid subscribers. Your support allows us to donate generously to firefighter charities and supports all of our content. You also receive all of our article archives, more podcast episodes, Monday morning workouts, and also entered into our giveaways, plus more.
This Day in Legal History: Lee Harvey Oswald ShotOn November 24, 1963, two days after President John F. Kennedy's assassination, the nation watched in shock as Lee Harvey Oswald—the alleged assassin—was gunned down on live television. The shooter, Dallas nightclub owner Jack Ruby, entered the basement of the Dallas police headquarters and fatally shot Oswald as he was being transferred to the county jail. The killing unfolded in front of journalists, cameras, and law enforcement, searing itself into the American consciousness and further fueling public distrust in official accounts of the assassination.Though Ruby claimed his act was motivated by grief and a desire to spare Jacqueline Kennedy the ordeal of a trial, his actions raised immediate concerns about the adequacy of security in high-profile cases. Oswald's death eliminated any opportunity for a public trial, which would have offered a transparent legal accounting of the events in Dallas. Ruby was later convicted of murder, though his conviction was overturned on appeal before he died of cancer in 1967.The legal ramifications of Oswald's televised murder were broad and lasting. It led to reforms in detainee protection, prompted scrutiny over media access in sensitive law enforcement operations, and spotlighted the vulnerability of chain of custody and judicial process in emotionally charged cases. The event also highlighted the need for careful separation between law enforcement procedures and the media spectacle surrounding them. Ruby's case prompted legal scholars to revisit the balance between a defendant's right to a fair trial and the public's right to observe proceedings.This legal flashpoint helped set the stage for subsequent debates about pretrial publicity, venue changes, and judicial instructions to mitigate media influence on juries. It also foreshadowed a new era where courtroom access and high-profile criminal justice collided in an age of mass media.The U.S. Court of Appeals for the D.C. Circuit will hear arguments in a press freedom case between the Associated Press (AP) and President Donald Trump's administration. The case centers on whether the White House violated constitutional protections by restricting AP's access to presidential events after the agency refused to adopt Trump's preferred term “Gulf of America” instead of the long-recognized “Gulf of Mexico.”In April, a federal judge—appointed by Trump—granted a preliminary injunction in AP's favor, requiring the administration to restore the agency's full access. However, the appeals court later paused that ruling while it considers the government's challenge. The Trump administration argues that news organizations do not have a constitutional right to “special access” to areas like the Oval Office.AP's lawsuit, filed in February, claims the restrictions are retaliatory and violate the First and Fifth Amendments. The case has drawn attention for its potential implications beyond journalism, touching on the broader question of whether the government can punish speech that conflicts with its messaging. The administration has defended its actions as part of a general press policy rather than targeted retaliation.The conflict escalated after Trump signed an executive order to rename the Gulf, which AP chose not to adopt due to its editorial standards. The White House then limited the agency's access and removed AP and Reuters from the regular press pool. AP has framed the case as critical to preventing government coercion of the press.US appeals court to rule if Trump can ban AP from Oval Office | ReutersNewly unsealed court filings allege that Meta Platforms shut down internal research after discovering evidence that Facebook use caused measurable harm to users' mental health. In a 2020 internal study, dubbed “Project Mercury,” Meta partnered with Nielsen to examine the effects of Facebook deactivation. Users who left the platform for a week reported lower levels of depression, anxiety, loneliness, and social comparison—results the company allegedly found troubling enough to halt further study and dismiss as tainted by public bias.Despite internal acknowledgment that the findings were valid, Meta did not publish the results and later told Congress it could not quantify harm from its products. The lawsuit—filed by U.S. school districts against Meta, TikTok, Snapchat, and Google—claims the platforms concealed known risks from users, parents, and educators. Plaintiffs also allege that Meta's safety features were deliberately underdeveloped, and that high thresholds for user removal allowed exploitative behavior to persist unchecked.Among the more serious accusations: Meta allegedly deprioritized child safety concerns in favor of platform growth, suppressed internal safety testing, and allowed human trafficking accounts to remain active until repeated violations were flagged—up to 17 times. Plaintiffs say Meta and other companies also tried to buy favorable public positioning by sponsoring child advocacy groups, such as TikTok's internal brag about its influence over the National PTA.Meta has denied the allegations, calling them misleading and based on selective quotes. The company says it has robust teen safety measures and that accounts involved in trafficking are now removed upon first report. A hearing on the matter is scheduled for January in federal court.Meta buried ‘causal' evidence of social media harm, US court filings allege | ReutersThe Trump administration is moving forward with plans to dismantle the U.S. Department of Education and relocate its functions across six other federal agencies, including Labor and Health and Human Services. According to multiple sources familiar with the effort, senior officials and department directors have been required to sign non-disclosure agreements (NDAs), an uncommon move for a civilian agency without a national security mandate. These agreements are reportedly being used to limit information sharing as the reorganization proceeds behind closed doors.Education Secretary Linda McMahon announced the restructuring this week, framing it as a way to “end federal micromanagement” while still supporting education through other agencies. Some staff have already transitioned to new posts, and more are expected to relocate by January. However, specifics on the timeline and scope of the overhaul remain vague, even to congressional oversight committees and education advocates.Critics argue the administration is sidelining Congress and the public in what they call an opaque and potentially destabilizing shift. Senator Patty Murray called the effort “sabotage,” citing the lack of transparency and collaboration. Meanwhile, McMahon has reportedly met with lawmakers and urged Congress to formalize the changes through legislation, though no formal bill has yet been introduced.US Education Department requiring non-disclosure agreements in Trump reorganization, sources say | ReutersIn a deep-dive investigation, FOIAball uncovered how UCLA Athletics appears to have routed large sums of money intended for football player NIL (Name, Image, and Likeness) deals through a tax-exempt charity—Shelter 37, run by the co-founder of the school's official NIL collective, Bruins for Life. This maneuver may have allowed donors to receive tax deductions for contributions that ultimately compensated athletes, despite recent IRS rulings stating such collectives do not qualify for charitable status.Emails obtained through public records show that UCLA development staff actively coached donors to send checks to Shelter 37 while explicitly designating those funds for Bruins for Life, the school's NIL program. These emails often discussed timing, amounts, and communication with the charity's leadership to ensure the money was redirected as intended. In several cases, UCLA staff reassured donors that contributions through donor-advised funds (DAFs)—normally restricted from supporting private benefit—could be routed to Shelter 37 and still benefit athletes.After the IRS began denying charitable status to NIL collectives in 2023 due to private benefit concerns, most programs shifted to non-deductible donations. But UCLA's workaround relied on Shelter 37's 501(c)(3) status to continue offering donors deductions, despite Shelter 37's own filings showing the vast majority of its funds in 2024—$3.6 million of $4.8 million—were raised for UCLA football NIL purposes. By contrast, it spent only $200 on scholarships for at-risk youth, its purported mission.Legal experts, including yours truly, told FOIAball that this could constitute fraudulent behavior, noting that charities must exercise control over their funds and serve the public interest—not act as pass-throughs for private benefit. UCLA officials, when asked for comment, did not address the specifics. Meanwhile, Shelter 37's president denied improper coordination but acknowledged the charity paid players to appear at events, an arrangement experts say still violates nonprofit law if the real intent is athlete compensation.How UCLA used a friendly charity to get tax-free NIL money This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.minimumcomp.com/subscribe
In this episode: Why do 84% of reorgs fail?, Building psychological safety, Managing fear responses, Creating clarity during change, Financial resilience with Chelsea Wierbonski Episode Summary In this episode of the Mindful Fire Podcast, host Adam Coelho sits down with career transformation coach and Group Product Manager at Google, Chelsea Wierbonski. Together, they explore the challenging landscape of organizational change, specifically focusing on why a staggering 84% of reorganizations fail. Chelsea shares invaluable insights on building psychological safety, managing fear responses, and creating clarity during turbulent times. They also discuss the importance of financial resilience and side hustles in navigating change. Guest Bio Chelsea Wierbonski is a career transformation coach and Group Product Manager at Google. With extensive experience in leading teams through organizational change, she empowers individuals to build resilience and thrive in their careers. Her passion lies in helping women in tech elevate their careers through neuroscience and inner work. Host Adam Coelho helps tech leaders land their reorg in 2-3 weeks instead of 6-9 months by rebuilding psychological safety and alignment to a shared vision. He created The Mindful FIRE Podcast in 2020 to explore the intersection two of his passions, mindfulness and financial independence. Resources & Books Mentioned • "The Simple Path to Wealth" by JL Collins • Mindful Fire Podcast Episode with JL Collins Guest Contact Information Instagram: Chelsea W LinkedIn: Chealsea Wierbonski Key Takeaways Understanding Reorgs: 84% of reorganizations fail due to broken trust and lack of clarity. Building Psychological Safety: Leaders must create an environment where team members feel safe to voice concerns and ideas. Managing Fear Responses: Recognizing and addressing the fear that comes with change is crucial for individuals. Finding Clarity: Clear communication around roles and expectations helps teams navigate uncertainty. Financial Resilience: Building an emergency fund and exploring side hustles can provide security during turbulent times.
Pink Sheet Executive Editor Derrick Gingery, Senior Writer Sarah Karlin-Smith, Senior Editor Sue Sutter and Editor-in-Chief Nielsen Hobbs explain the reasons for the US Food and Drug Administration's planned “Simple Reform” of its inspection group, including the move away from specialized teams (:44). They also consider industry's current thinking on best practices for navigating the agency's new position on direct-to-consumer ad regulation (18:45). More On These Topics From The Pink Sheet US FDA Plans Move Back To More Generalist Inspectorate: https://insights.citeline.com/pink-sheet/compliance/us-fda-plans-move-back-to-more-generalist-inspectorate-5V3573KXHFAJXH6LVC6NSXW37M/ Industry Rethinking Visual Elements And Quality-Of-Life Claims After US FDA Drug Ad Crackdown: https://insights.citeline.com/pink-sheet/compliance/marketing-and-advertising/industry-rethinking-visual-elements-and-quality-of-life-claims-after-us-fda-drug-ad-crackdown-WMXPANFVC5B55GZZQ6IWJG4FRE/ US FDA Ad/Promo Crackdown Letters Came From OPDP Staff, Not Artificial Intelligence: https://insights.citeline.com/pink-sheet/compliance/marketing-and-advertising/us-fda-adpromo-crackdown-letters-came-from-opdp-staff-not-artificial-intelligence-RKTSXQ5ZV5BPJD4DXGAOS5SS5Q/
DTN Ag Policy Editor Chris Clayton has had his hands full for months, tracking a wide range of stories from Washington that promise to impact farmers and ranchers in myriad ways. For one, the U.S. Department of Agriculture is still in the midst of a proposed reorganization, which is leaving local FSA offices short on staff — and farmers are starting to raise their concerns.Our conversation today starts with the latest news from USDA Secretary Brooke Rollins, including recent updates on a potential farmer aid package. We'll also discuss some recent farmer actions — particularly based in Arkansas — during which hundreds of growers demanded more responsiveness from the federal government.Then we'll get into the latest trade news and what prospects might be for a resumption of trade with China or a renegotiation of the USMCA. We'll get an update from Congress, and hear what impacts might be incurred if Congress fails to pass a budget by the end of September and the government is forced to shut down.Finally, we'll hear the latest about the Make America Healthy Again Movement, or MAHA, report, get an update on farm labor, and hear some unexpected news about cover crops.
Kevin Durant forgot his Coinbase password for 11 years, missing out on massive Bitcoin gains. Michael Saylor uses AI to design $6 billion securities. Plus: Monero suffers its deepest reorg attack ever with 18 blocks reorganized. Three wild stories: NBA star Kevin Durant finally remembering his Coinbase password after 11 years of locked Bitcoin gains, Michael Saylor revealing how he uses ChatGPT to design revolutionary $6 billion securities offerings, and Monero experiencing its deepest blockchain reorganization attack in history with 118 invalidated transactions. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Durant bought Bitcoin in 2016 at $300-1000 range • His 2016 salary: $20M, today: $53M • Bitcoin outperformed his net worth by 100x • Saylor designed $6B security with AI help • Monero suffered 18-block reorg attack • 118 transactions invalidated on Sept 15th Timestamps: 00:00 Start 00:26 Kevin Durant's BTC Password 09:26 Blockspace Ad 10:02 Bitcoin for Corps 18:40 Monero chain re-org -
AI that feels conscious is coming faster than society is ready for… In Episode 164 of The Artificial Intelligence Show, Paul Roetzer and Mike Kaput unpack the viral MIT study, the brutal reality of companies forcing AI adoption, and Mustafa Suleyman's warning about “seemingly conscious AI.” Alongside these deep dives, our rapid-fire section gives updates on Meta's AI reorg, Otter.ai's legal troubles, Google and Apple's AI strategies, and the environmental impact of AI usage. Show Notes: Access the show notes and show links here Timestamps: 00:00:00 — Intro 00:05:52 — MIT Report on Gen AI Pilots 00:16:26 — AI's Evolving Impact on Jobs 00:25:00 — AI and Consciousness 00:35:48 — Meta's AI Reorg and Vision 00:40:59 — Otter.ai Legal Troubles 00:46:30 — Sam Altman on GPT-6 00:51:14 — Google Gemini and Pixel 10 00:56:20 — Apple May Use Gemini for Siri 00:59:49 — Lex Fridman Interviews Sundar Pichai 01:05:38 — AI Environmental Impact 01:10:37 — AI Funding and Product Updates This week's episode is brought to you by MAICON, our 6th annual Marketing AI Conference, happening in Cleveland, Oct. 14-16. The code POD100 saves $100 on all pass types. For more information on MAICON and to register for this year's conference, visit www.MAICON.ai. This week's episode is also brought to you by our AI Literacy project events. We have several upcoming events and announcements that are worth putting on your radar: All new courses and certificates are now live in AI Academy. Sept 18: [Webinar] Intro to AI presented by Google Cloud Sept. 24: [Webinar] 5 Essential Steps to Scaling AI presented by Google Cloud Register today! Visit our website Receive our weekly newsletter Join our community: Slack LinkedIn Twitter Instagram Facebook Looking for content and resources? Register for a free webinar Come to our next Marketing AI Conference Enroll in our AI Academy
Web crawlers deployed by Perplexity to scrape websites are allegedly skirting restrictions, according to a new report from Cloudflare. Specifically, the report claims that the company's bots appear to be "stealth crawling" sites by disguising their identity to get around robots.txt files and firewalls. In other news, the Lunar Trailblazer mission to the moon officially ended on July 31, but it wasn't a complete journey. NASA said that its teams lost contact with the satellite shortly after its launch several months prior; Four years after Amazon's acquisition of podcast network Wondery, the tech giant is dismantling its $300 million purchase and reorganizing various audio properties into separate teams at the company. Learn more about your ad choices. Visit podcastchoices.com/adchoices
The Department of Veterans Affairs' acting chief information officer doubled down on the agency's reshaping of its IT workforce, telling lawmakers in a Monday hearing that change is “challenging” but “necessary.” Eddie Pool told members of the House VA's subcommittee on technology modernization that the agency's Office of Information and Technology (OIT) is pushing forward with workforce reductions as the division increasingly turns to automation and other technology modernization efforts. “This reorganization, reallocation of positions, is designed to cut bureaucratic overhead, accelerate decision making and focus every OIT position on delivering secure, reliable and modern IT solutions to improve veterans' lives,” Pool said in opening remarks at the hearing. Subcommittee Chair Tom Barrett, R-Mich., lauded the VA OIT's “smarter, not bigger” strategy in its fiscal 2026 budget request, asking Pool if technology improvements can alleviate the need for manual, human processes. “Absolutely,” Pool responded. “It is about automating what we can automate.” In its fiscal 2026 budget, the VA OIT requested funding to support approximately 7,000 full-time equivalent employees, marking an 11.7% decrease from its fiscal 2025 budget request, according to Carol Harris, the director of information technology and cybersecurity for the Government Accountability Office. Former White House national security adviser Mike Waltz brushed aside criticisms Tuesday that he put sensitive military operations at risk by holding discussions about military strikes in a Signal group chat, claiming the app's use was authorized by the federal government's top civilian cyber agency. In a Senate Foreign Relations Committee hearing, Waltz — who has been nominated to represent the U.S. at the United Nations — was pressed about his short tenure as President Donald Trump's top national security official. In particular, he was grilled by Sen. Chris Coons, D-Del., for his use of the end-to-end encrypted messaging application Signal to coordinate with other officials over airstrikes on Houthi rebels.While much of the initial attention was focused on Waltz adding journalist Jeffrey Goldberg to the chat, national security experts were also aghast by government officials at the highest levels coordinating highly sensitive military operations using a free application. The incident is widely viewed as contributing to Waltz's departure just months after leaving Congress to take the role, and his subsequent shuffling to a new nomination at the U.N. “The use of Signal is not only … authorized; it was recommended in the Biden-era CISA guidance,” he said. Waltz was referencing a piece of 2024 guidance put out by CISA on mobile security. He later read from a portion of the guidance, which recommended using “only end-to-end encrypted communication” and to “adopt a free messaging application to secure communications that guarantees end to end encryption, particularly if you are a highly targeted individual, such as Signal or other apps.” The Daily Scoop Podcast is available every Monday-Friday afternoon. If you want to hear more of the latest from Washington, subscribe to The Daily Scoop Podcast on Apple Podcasts, Soundcloud, Spotify and YouTube.
Michael Bungay Stanier: Change Signal Michael Bungay Stanier is best known for The Coaching Habit, the best-selling coaching book of the century and recognized as a classic. He was a Rhodes Scholar, and was recently awarded the coaching prize by Thinkers50. He's now the host of the new Change Signal podcast. If you're doing change right, it's going to be messy. In this conversation, Michael Bungay Stanier returns to show us where to start, the key mindsets to have, and the first steps for getting traction. Key Points If you're doing change right, it's going to be messy. Before you remove a fence, figure out why it's there. Take inspiration from Emily Dickinson: “Tell all the truth but tell it slant.” Beware giving lip service to the emotional realities of change and then moving forward without really addressing them. Strategy is a living conversation. Run experiments. Fire bullets before cannonballs. Motivation is a critical factor in change. Better to be less efficient and have people with you than to force compliance with a “perfect” plan. Emily Dickinson: Tell all the truth but tell it slant — Success in Circuit lies Too bright for our infirm Delight The Truth's superb surprise As Lightning to the Children eased With explanation kind The Truth must dazzle gradually Or every man be blind — Resources Mentioned Change Signal podcast hosted by Michael Bungay Stanier The Coaching Habit* by Michael Bungay Stanier Related Episodes Engaging People Through Change, with Cassandra Worthy (episode 571) How to Approach a Reorg, with Claire Hughes Johnson (episode 621) How to Prevent a Team From Repeating Mistakes, with Robert “Cujo” Teschner (episode 660) Expert Partner Are you a talent development or human resources leader seeking a coach for an internal client? Coaching for Leaders has partnered with some of the top coaches in the world, including a number of past podcast guests. Help us make an introduction by visiting our Expert Partners Page and telling us what you're seeking in a coach. Discover More Activate your free membership for full access to the entire library of interviews since 2011, searchable by topic. To accelerate your learning, uncover more inside Coaching for Leaders Plus.
SPONSORS: 1) Brunt: Get $10 Off at BRUNT with code JULIAN at https://www.bruntworkwear.com/JULIAN #Bruntpod 2) Huel: Get Huel today with this exclusive offer for New Customers of 15% OFF + a FREE Gift with code JULIAN at https://huel.com/JULIAN (Minimum $75 purchase). PATREON: https://www.patreon.com/JulianDorey (***TIMESTAMPS in Description Below) ~ Mike Benz is a former official with the U.S. Department of State and current Executive Director of the Foundation For Freedom Online, is a free speech watchdog organization dedicated to restoring the promise of a free and open Internet. MIKE's LINKS: X: https://x.com/MikeBenzCyber WEBSITE: https://foundationforfreedomonline.com/ FOLLOW JULIAN DOREY INSTAGRAM (Podcast): https://www.instagram.com/juliandoreypodcast/ INSTAGRAM (Personal): https://www.instagram.com/julianddorey/ X: https://twitter.com/julianddorey LISTEN to Julian Dorey Podcast Spotify ▶ https://open.spotify.com/show/5skaSpDzq94Kh16so3c0uz Apple ▶ https://podcasts.apple.com/us/podcast/trendifier-with-julian-dorey/id1531416289 JULIAN YT CHANNELS - SUBSCRIBE to Julian Dorey Clips YT: https://www.youtube.com/@juliandoreyclips - SUBSCRIBE to Julian Dorey Daily YT: https://www.youtube.com/@JulianDoreyDaily - SUBSCRIBE to Best of JDP: https://www.youtube.com/@bestofJDP ****TIMESTAMPS**** 00:00 – Censorship, AI Wack-a-Mole, Deep Blue, DARPA Docs 12:34 – Weapons of Mass Deletion, NetzDG, Election Control, Russiagate, USAID, Trump Hold-Ups 23:29 – USAID Origins, Sopranos Agencies, Shadow Networks, EU DSA, CIA Outsourcing 32:40 – USAID Scandals, Identity Dominance, Cuba HIV Hoax, ZunZuneo 44:32 – Social Media Control, CIA & Rap, Media Machine, Vatican–CIA–Mafia 57:12 – George Kennan, Political Warfare, Plausible Deniability, CIA in Italy 1:07:32 – USAID = Plausible Deniability, Tom Donilon 1:22:55 – Mike Donilon, Shadow Cabinet, BlackRock, Pentagon Black Hole, Congressional Favors 1:34:17 – Gorbachev Pizza Ad, Systemic Corruption, Pepsi–Allende Coup 1:42:31 – The Blob, Friedman's Free Market Lie, Empire Blindspot 1:53:15 – USAID = Bribes, Mike Benz Dual Role, Dirty Roots 1:57:40 – MAGA Blindspot, Empire Preservation 2:09:02 – USAID–Supreme Court, Norm Eisen, Bread & Corruption 2:18:19 – Opium Wars, Institute of Peace, Syrian Democratic Forces, George Foote 2:35:13 – Peace Institute Overthrows, Drug-Funded Empire, Pitchfork & Scalpel 2:44:14 – State Dept vs CIA, 1961 Reorg, Visas for Terror 3:00:57 – Elon & DOGE, ROI, Reloading Strategy 3:12:25 – Tesla vs Unions, Unions as Ops Tools OTHER JDP EPISODES MENTIONED IN THIS EPISODE: - Episode 307 - Roya Hakakian: https://youtu.be/NQeoCeSk_Zc - Episode 303 - Martin Dugard: https://youtu.be/rcoiIUfz_N4 - Episode 97 - Andrew Bustamante: https://youtu.be/2PUs7l2jW9c - Episode 107 - Andrew Bustamante: https://youtu.be/7jNz3-WPV5I - Episode 150 - Andrew Bustamante: https://youtu.be/dUlc2d6fDzg - Episode 224 - Andrew Bustamante: https://youtu.be/Gv-YWfNWwkM - Episode 249 - John Kiriakou: https://youtu.be/5_FDZozJ9zE - Episode 250 - John Kiriakou: https://youtu.be/5HuyORiWoDM - Episode 278 - John Kiriakou: https://youtu.be/_CFWmuIgQIE - Episode 279 - John Kiriakou: https://youtu.be/scrGRKVa-Q4 CREDITS: - Host, Editor & Producer: Julian Dorey - COO, Producer & Editor: Alessi Allaman - https://www.youtube.com/@UCyLKzv5fKxGmVQg3cMJJzyQ - In-Studio Producer: Joey Deef - https://www.instagram.com/joeydeef/ Julian Dorey Podcast Episode 309 - Mike Benz Music by Artlist.io Learn more about your ad choices. Visit podcastchoices.com/adchoices
This is Zack Fuss. Today, we're tackling a giant in a controversial and incredibly complex industry, UnitedHealth Group. At its recent apex, UNH was a half-trillion-dollar market cap business, the 15th largest listed business in the United States. Today, that market cap sits at just $275 billion. The company generates an excess of $400 billion in sales annually and produces $40 billion in EBITDA as it touches every facet of the American healthcare system. To break down UnitedHealthcare, I'm joined by Stephanie Niven, a co-PM of the Global Sustainable Equity Strategy within the Sustainable Equity Team at Ninety One. Stephanie has been following the company since 2012 and she helps us to unravel this intricate business. We explore how UnitedHealthcare operates as a fully integrated healthcare system from its insurance arm to its high-margin health services business. We also dive into the concept of value-based care, the recent headwinds from Medicare Advantage scrutiny, and whether the market is mispricing this complex giant amidst regulatory noise and leadership changes. Please enjoy this breakdown of UnitedHealth Group. Subscribe to Colossus Review For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle. —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:04:51) Understanding the US Healthcare System (00:10:24) UnitedHealth Group's Origins and Evolution (00:13:41) UnitedHealth Group's Business Model (00:22:36) Optum: The Overlooked Powerhouse (00:29:24) Value-Based Care: A New Approach (00:34:51) Current State of US Healthcare System (00:36:49) Regulatory Scrutiny and Media Attention (00:37:27) Investor Concerns and Company Response (00:42:49) Structural vs. Cyclical Issues (00:48:42) UnitedHealth's Technological Edge (00:52:07) Political Risks and Regulatory Environment (00:57:16) Medicare Advantage: A Closer Look (01:02:02) Lessons from UnitedHealth's Strategy
Today we are breaking down Moncler, the high-end outerwear brand. Known for their down jackets and stylized M logo, it's a mix of style and substance that blends into the brand history and evolution of Moncler. I am joined by Chris Davies, investment manager at Baillie Gifford to cover Moncler's story, particularly in the hands of Remo Ruffini. We get into its push to define luxury outerwear and extend outward into other product categories while keeing that core DNA of fashion and function. This is a particularly interesting episode for anybody interested in the luxury market generally, and Moncler's push to carve out its own niche. Please enjoy this Breakdown on Moncler. Subscribe to Colossus Review For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle. —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:04:31) Moncler's Iconic Products (00:06:47) Historical Evolution of Moncler (00:11:48) Moncler's Three Pillars (00:24:58) The Stone Island Acquisition (00:32:39) Estimating the Luxury Outerwear Market (00:33:58) Moncler's Market Influence and Growth (00:35:48) Defining Quality in Luxury Brands (00:36:47) Moncler's Down Integrity and Customer Experience (00:41:46) Managing Supply and Demand in Luxury (00:47:18) Capital Allocation and Growth Opportunities (00:55:03) Risks and Challenges in the Luxury Market (00:58:46) Key Lessons from Moncler
Today, we are replaying our Breakdown on Vulcan Materials. Vulcan is America's largest producer of construction aggregates. This includes all of the crushed rock, sand, and gravel, which gets used for the foundation of nearly everything around us. Think of all of the buildings, the roads, and the infrastructure that define the physical footprint of America. To break down Vulcan, I am joined by Rob Hansen, Senior Analyst at Vontobel Asset Management. Rob shares what makes this relatively simple business so successful. We get into the dynamics of operating quarries, the logistics of moving rocks, and what is cyclical versus what is not. Please enjoy this breakdown of Vulcan Materials. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle. ----- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Follow us on Twitter: @JoinColossus | @zbfuss | @ReustleMatt Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:03:15) First Question - Introduction to Vulcan Materials and the Construction Aggregates Market (00:07:35) Exploring the History & Evolution of Vulcan Materials (00:09:10) Geographical Distribution and Impact on the Quarry Market (00:12:31) The Role of Logistics and Transportation in the Aggregates Industry (00:17:42) The Impact of Vertical Integration and Technology on Vulcan's Operations (00:19:26) Analyzing the Volume and Pricing Trends in the Aggregates Industry (00:23:49) The Role of Technology in Enhancing Customer Experience and Operational Efficiency (00:29:31) Vulcan's Pricing Strategy (00:32:31) The Capital Intensive Nature of The Business (00:36:21) Optimizing Logistics Through M&A (00:43:09) Trends in Earnings Growth and Future Expectations Among Commercial Construction (00:47:51) Understanding the Risks and Challenges In This Industry (00:50:17) Key Lessons from Vulcan's Business Model Important Information: Information provided represents the views of a company of the Vontobel Group (“Vontobel”) and should not be considered investment advice and/or legal, tax, financial or other advice. Further, not a recommendation to purchase, hold or sell any investment and no representation is given that the securities discussed are suitable for any particular investor. Although Vontobel believes that the information provided in this document is based on reliable sources, it cannot assume responsibility for the quality, correctness, timeliness or completeness of the information contained in this document.
This is Zack Fuss. Today, we are breaking down Interactive Brokers, widely recognized as IBKR. Founded in 1978, Interactive Brokers evolved from a market maker on the American Stock Exchange to a global, cutting-edge electronic brokerage firm. Its founder, Thomas Peterffy, remains far and away its largest shareholder and has earned his place as one of the wealthiest people in the world. To break down IBKR, I'm joined by Freddie Lait and Jacopo Di Nardo of Latitude Investment Management. We explore the journey of IBKR from its early days as Timber Hill to its current status as a publicly traded company with a market cap of nearly $80 billion. We also discuss their differentiated tech stack, their global reach, and their famously low fees. Please enjoy this breakdown of Interactive Brokers. Subscribe to Colossus Review For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle. —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:03:41) Overview of Interactive Brokers (00:04:53) Revenue Streams and Business Model (00:06:15) Competitive Landscape and Differentiation (00:08:38) Founder Thomas Peterffy's Story (00:11:31) Payment for Order Flow and Market Access (00:13:41) Automation and Risk Management (00:16:50) Customer Experience and Balance Sheet Strategy (00:26:33) Growth Opportunities and International Expansion (00:34:34) Valuation and Financial Metrics (00:37:28) Risks and Stress Tests (00:42:13) Lessons From IBKR
Today we are breaking down Ecolab, a global sustainability leader offering water, hygiene, and infection prevention solutions that protect people & the resources vital to life. As of this recording, Ecolab has a $66 billion market cap and protects over 36% of the world's packaged food supply and over 44% of the global milk supply. My guest is Todd Wenning, founder of KNA Capital Management, who has a knack for finding interesting businesses. We get into Ecolab's very on-brand origin story, how the business kept that core focus throughout its history, and how it became one of two vendors that any US McDonald's must work with. Please enjoy this Breakdown on Ecolab. Subscribe to Colossus Review For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. —- This episode is brought to you by Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle. —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:03:24) Founding Story and Early Innovations (00:04:52) Ecolab's Modern Business Segments (00:06:10) Chemical Foundations and Major Acquisitions (00:07:05) Sustainability and Solid Chemical Solutions (00:08:36) Market Opportunities and Challenges (00:10:09) The Nalco Acquisition and Water Solutions (00:15:40) Customer Relationships and Sales Strategy (00:20:29) Economic Sensitivity and Resilience (00:22:34) Financial Performance and Growth Projections (00:24:34) Capital Allocation and M&A Strategy (00:25:58) Competitive Landscape and Market Position (00:28:20) Future Growth Drivers and Water Focus (00:37:18) Valuation and Investor Considerations (00:40:18) Lessons from Breaking Down Ecolab
Today we are breaking down Goosehead Insurance. I always enjoy hearing about how a new entrant has effectively carved out a niche in a world of incumbents and Goosehead fits that billing perfectly. I'm joined by Geoff Collette, founder and PM of Aeon Capital Partners, and he walks us through the story of Goosehead identifying a bottleneck in the home-buying process. We also cover the evolving market, where captives like State Farm and Allstate are leaving opportunities for independent players like Goosehead to provide value. There's a lot to learn from Goosehead and its evolution, with notable themes like technology, the franchising model, and an emphasis on speed. Please enjoy this breakdown on Goosehead Insurance. Subscribe to Colossus Review For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle. —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:04:26) How Goosehead Attracts Customers (00:05:15) Market Focus and Business Scale (00:06:07) Goosehead's Growth and Key Players (00:08:51) The Founding Story of Goosehead (00:12:28) The Shift from Captive to Independent Agents (00:15:29) Challenges in the Insurance Market (00:19:37) Goosehead's Unique Business Model (00:36:42) Franchising and Corporate Strategy (00:41:00) Operational Challenges and Strategic Adjustments (00:46:28) Financial Performance and Future Prospects (01:00:29) Competitive Landscape and Risks (01:07:40) Valuation and Lessons From Goosehead
What do you get when you combine a full-distance Ironman with not one but two full Hyrox events? A self-created endurance monster called TRIROX—and that's exactly what Gaz McNamara is taking on to raise funds for the military charity REORG. (BREAKING NEWS - The event date is now set as 20 Sept, 2025) Gaz, a former military PTI and triathlete with two decades of experience in physical training and rehabilitation, shares the why, how, and what was I thinking? behind this uniquely brutal challenge. Expect a mix of inspiration, realism, and practical wisdom for anyone looking to push their limits—physically and mentally. Why You Should Listen Discover what TRIROX is – a jaw-dropping combination of Ironman and Hyrox, with full events placed between triathlon legs. Get insights into hybrid endurance training – how Gaz balances strength, aerobic capacity, and fatigue management. Learn from a military-informed mindset – Gaz's tactical approach to resilience, training blocks, and planning for pain. Hear the importance of community and giving back – how REORG helps veterans transition through fitness and camaraderie. Find out how he's preparing physically and mentally – from managing cramp and calorie burn to visualising the darkest moments. If you would like to make a donation to ReOrg then please visit the Just Giving page for this event To follow Gaz's progress, please check out his Instagram channel: Instagram plug_in_rehab gazmac_yorkshire Youtube: the-unretired-athlete Gaz's recommended book is: ‘The Red On revolution' by Mike Chadwick – “a great read and one that really makes you think about the reasonings behind some of your choices” **To get a free copy of my personal daily mobility routine, please click HERE** **To download your FREE infographic ‘7 steps to swimming faster', please click HERE Join our SWAT/High Performance Human tribe using this link, with a happiness guarantee! You can watch a brief video about the group by going to our website here, and join our SWAT High Performance Human tribe here. You can find all of my social media links HERE: You'll also find some really great content on my Instagram and YouTube! Instagram YouTube Sign up for Simon's weekly newsletter Sign up for Beth's weekly newsletter To contact Beth regarding Life Coaching, please visit her website at BethanyWardLifeCoaching.uk. If you would like to help offset the cost of our podcast production, we would be so grateful. Please click here to support the HPH podcast. Thank you! Visit Simon's website for more information about his coaching programmes. For any questions please email Beth@TheTriathlonCoach.com.
Today we are breaking down EssilorLuxottica, a global leader in the eyewear industry, formed by the merger of Essilor and Luxottica in 2018. Today the business sports a nearly $130 billion market cap. EssilorLuxottica represents a vertically integrated business, encompassing design, manufacturing, distribution, and retail operations across both vision care and eyewear fashion segments. To break down EssilorLuxottica, I am joined by Swetha Ramachandran who manages the Artemis ‘leading consumer brand' strategy and is co-manager of the ‘global select' and ‘global focus' strategies. Swetha analyzes the strategic rationale behind the merger, assessing how it shaped the company's competitive advantages. We discuss the economics of prescription lenses, high-fashion sunglasses, and iconic brands like Ray-Ban and Oakley. We also explore the impact of emerging technologies like Smart Glasses, the Ray-Ban Meta glasses, and evolving consumer preferences on the eyewear market, as well as the competitive impact of upstarts like Warby Parker. Please enjoy this breakdown of EssilorLuxottica. Subscribe to Colossus Review For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- Octus, formerly Reorg, is the essential credit intelligence and data provider for nearly 40,000 professionals across the world's leading buy side firms, investment banks, law firms and advisory firms. By surrounding unparalleled human expertise with embedded AI technology, data and workflow tools, Octus unlocks powerful truths that fuel decisive action in financial markets. Visit octus.com to learn how rigorously verified intelligence is delivered at speed to create a complete picture across the entire credit lifecycle. —- Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes. Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to Business Breakdowns (00:04:24) Essilor Luxottica: A Unique Business Model (00:05:08) Market Leadership and Revenue Breakdown (00:08:13) The Merger: Essilor and Luxottica (00:10:18) Financial Performance and Strategic Investments (00:12:22) Challenges and Competitive Landscape (00:18:37) Global Operations and Market Strategy (00:21:04) Innovations and Future Prospects (00:22:36) Financial Analysis and Capital Allocation (00:26:11) Competitive Pressures and Market Position (00:28:47) Geographic Footprint and Strategic Growth (00:30:44) Acquisitions and Strategic Endeavors (00:32:38) Partnerships and Technological Integration (00:35:13) Summary and Key Takeaways (00:41:36) Lessons from EssilorLuxottica
Send us a textThe State of South Carolina had their Republican Reorganization process this week. Hannah covered the details about that process. What is it? What is the goal? What are some weaknesses the party should address regarding ReOrg? Then Hannah brings up a conversation had around her precinct regarding the local Freedom Caucus and Republican Caucus. There's been some local confusion about the two caucuses and about our primary process. Hannah takes the time to clear the air regarding the primary process debate that's been happening and takes a moment to challenge her listeners on how they should approach issues. https://www.thehannahmillershow.com/podcasts/https://bobslone.com/contact/bob@bobslone.com
AI is eating the world, or so the headlines say. But what does this really mean for debt markets? Where does AI truly excel, and what limitations persist? What implications does this technological shift hold for analysts' jobs? And how is 9fin deploying AI to address specific challenges confronting debt market professionals?Sujeet Indap, Wall Street editor at the Financial Times, sat down with Steven Hunter, CEO and co-founder of 9fin, to cut through the hype and dissect the real impact of AI on debt markets. This episode was produced from a recent 9fin webinar. If you'd like to learn more about how 9fin's AI-powered platform can give you a competitive edge in debt markets, we'd love to chat.Schedule a personalised demo→ https://9fin.com/sign-up?utm_source=hubspot&utm_medium=email&utm_campaign=ai_debtmarkets_webinarOr, stay up to date with all the latest for 9fin's insights, news, upcoming events, and new featuresJoin our newsletter→ https://share.hsforms.com/1KaeNlWvzRlqYjJGJjHbZmgby77cFollow us on LinkedIn→ https://www.linkedin.com/company/9finHave any feedback for us? Send us a note at podcast@9fin.com.
No one likes that feeling of being a little too thick in the middle. But finding the right balance of strength and cushion is no easy task. We're talking about the middle office here, of course.The middle office may not always be in the spotlight, but when loan data goes awry it's the team that keeps the gears turning and numbers in check. In this episode, head of podcasts Chase Collum chats with Jared Vest, global co-head of middle office solutions at FIS, to break down the middle office's essential roles, risks, and evolving responsibilities. They explore how accurate data and strong operational support are critical to navigate today's fast-paced loan market.This episode was produced in partnership with FIS as part of a three-part series diving into the challenges facing middle office practitioners and users of global loan data sets.Have any feedback for us? Send us a note at podcast@9fin.com.
In the credit markets, it's important practitioners get their fax straight. No, you didn't read that wrong — even in 2025, people still use fax machines to transmit some loans data.In our latest Cloud 9fin episode, Chase Collum, head of podcasts, and private credit analyst Devin McGinley, sit down with John Smullen, product manager at FIS. They chat about how global data trends are shaping strategies in the leveraged finance world as private credit CLOs and direct lending gain ground.This episode is part of a three-part series we'll publish in partnership with FIS on Cloud 9fin, so look out for our next episode, coming next Thursday! Have any feedback for us? Send us a note at podcast@9fin.com.
Low Turnout / Big Win - Chattanooga's Liberal Mayor Wins Re-Election;Grassroots Rout Establishment 2-To-1 In Hamilton County GOP Convention;Bill That May Take TN Taxpayers Off The Hook For Illegal Alien Education Moves Forward;Hamilton County Sheriff Partnering With ICE...All This & More with The Tennessee Conservative's Brandon Lewis on Yaffee Live!Check out more from Yaffee HERE - https://www.wgow.com/2024/03/29/yaffee-live/Check out all the News Stories on TennesseeConservativeNews.com!https://tennesseeconservativenews.com/
In this episode of Jane's LME Addiction, our head of LME coverage Jane Komsky brings in global chair of Gibson Dunn's restructuring group, Scott Greenberg, to discuss the evolution of cooperation agreements within liability management exercises. They discuss the different types of co-ops, why co-ops have become expected in US deals, their spread to the EU, and the validity of antitrust arguments.Find all our coverage on co-ops at 9fin.com.Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!
Three media companies, in vaguely the same vicinity, in fair debt markets where we lay our scene — where ancient business models encounter new scrutiny, and AI generates images you can't unsee…Valentine's Day has been and gone, so why on earth are we besmirching Romeo and Juliet with terrible puns? You should listen to the episode for the full picture, but basically we're discussing three recent debt transactions from X/Twitter, Snap, and Getty Images.These deals might not seem immediately connected, but there's a thread running through all three. In an age of political upheaval and rapid technological advancement, what do they tell us about the future of media? William Hoffman, David Bell and Will Caiger-Smith are here to discuss, and to crowdsource ideas for sponsored 9fin Snapchat filters.Want to share feedback on this episode? Send us a note at podcast@9fin.com.
In the private equity world, continuation vehicles have been a bit of a blockbuster, so can the structure's success transfer to private credit?We have already seen BlackRock's $1.3bn continuation vehicle last year, and some market participants are expecting to see even more in 2025. On the other side however, this might not be as straight forward as in the PE world, and there is a growing pool of skeptics.In this episode of Cloud 9fin, senior private credit reporter Synne Johnsson sits down with private credit reporter Jemima Denham, to discuss all things private credit continuation vehicles -- Why are they the current talk of the town? What are the challenges? And will they eventually take off?Have a listen to hear this discussion on continuation vehicles in the private credit market. If you have any feedback for us, send us a note at podcast@9fin.com. Thanks for listening.
Summary: Getting ahead begins with a sharp focus on recognizing problems and finding better solutions than anyone else. But staying ahead requires something more: the ability to adapt, evolve, and lead as the stakes grow. Today's guest didn't just solve a problem; he built a system so indispensable it's reshaped how an entire industry operates. Kent Collier is the Founder and CEO of Octus (formerly Reorg), a credit intelligence and data provider for the world's leading buy-side firms, investment banks, law firms, and advisory firms. Kent's experience as a research analyst at firms like Millennium Partners, Catalyst Investment Management, Assurant Asset Management, and Babson Capital refined his expertise in high-yield distressed debt and special situations. As a passionate innovator in data science and generative AI, Kent has put Octus at the forefront of cutting-edge technologies that fuel decisive actions across financial markets. In this episode, Kent shares how Octus evolved from a niche solution into a category leader in data intelligence. He explains how AI is transforming workflows and shaping the future of data management. Kent also discusses the discipline required to scale effectively and stay ahead in a rapidly evolving industry. Highlights:Spotting a gap in the marketplace and founding Octus (2:50)Company scale and customer base (4:36)Kent describes what sets Octus apart from competitors in the field (5:50)Market runway and growth projection (7:33)Kent discusses the decision to rebrand the company (9:16)Bridging Kent's work in finance with technology (10:47)Initial challenges when founding the company (11:50)Kent describes his management style (13:40)How the team at Octus is implementing AI (16:13)Kent's short-term predictions for the private equity market (19:42)Octus' expansion opportunities (22:13)Kent's approach to M&A (23:32)Kent talks about the Good Words Foundation (25:32) Links:Kent Collier on LinkedInOctus on LinkedInOctus WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.
We talk a lot about leverage at the 9fin office (it's kind of the story behind our company name, in case you were wondering) so it should come as no surprise that we think it's interesting. But in the world of Significant Risk Transfer, it's especially fascinating — and controversial.You may have caught the story that Celeste Tamers, part of our growing asset-based finance team, broke last week about Deutsche Bank pulling back from offering repo financing on SRT trades.In this episode of Cloud 9fin, Celeste and our asset-based finance editor Owen Sanderson pick that story apart and use it to explore the history of SRT, to help listeners understand why regulators are raising their eyebrows at the recent growth of this important market.Any feedback on this episode? Email us at podcast@9fin.com.
Long live liability management.In this episode of our new show Jane's LME Addiction, our head of LME coverage Jane Komsky brings in Latham & Watkins partner George Klidonas and C Street founder and CEO Jon Henes, to discuss the Better Health transaction and its implications for future LMEs.Also under discussion: how liability management has taken off as an industry, how law firms and advisors are adapting to this boom in business, and the creative moves market participants are making to ensure the LME space lives a lengthy and healthy life.Listeners might notice a bit of background noise because this episode is also recorded in video format! Find it on YouTube here! Have any feedback on the podcast? Send us a note at podcast@9fin.com — thanks for listening!
Publicly traded leveraged debt issuers are facing a collective maturity wall of $219 billion in the coming years. But unlike the Chiefs' offensive line in the Super Bowl, credit market watchers aren't expecting that wall to collapse.In this episode of Cloud 9fin, US managing editor Bill Weisbrod sits down with credit analyst Ben Dickerman and leveraged finance reporter Dan Mika about their recent piece looking at how the 2026-27 maturity wall in the US is shaping up.Among the highlights: how issuers are hanging on to cheap debt costs, how a leveraged finance market starved for new-money deals is giving BB-rated companies plenty of time to refinance, the uncertainties surrounding Trump administration's economic policies, and how this story was powered by Dan's love of drum and bass music.As always, if you have any feedback for us, send us a note at podcast@9fin.com
With Super Bowl Sunday upon us, much like over a third of the US, we thought we'd focus on sports.Private credit has been circling sports for some time as an investment opportunity. Many regulatory changes in the past year and an increasing number of emerging sports leagues have brought it back into view to begin this year.In this episode of Cloud 9fin, senior reporter Peter Benson sits down with Aaron Kless, managing partner and CIO at Andalusian Credit Partners, to discuss all things private credit and sports.The discussion topics include the institutionalization of the sports market, how credit works with sports franchises and other areas of the sporting world that are ripe for credit investment.As always, if you have any feedback for us, send us a note at podcast@9fin.com
People love to talk about the battle between banks and private credit firms in leveraged debt markets. And at a high level, it's true that the dealflow has bounced back and forth between the two over recent years — but markets are a lot more complex than a game of table tennis.In this episode of Cloud 9fin, Synne Johnsson sits down with Soren Christensen, partner and head of capital markets at Cinven, and Amit Bahri, co-head of European direct lending at Goldman Sachs, to break down how private credit's role has evolved over the years.Among the highlights: how sponsors have adapted to embrace private credit, what the return of the BSL market means for direct lender strategies, the attraction of junior PIKs, and predictions for 2025.As always, if you have any feedback for us, send us a note at podcast@9fin.com.
“HR Heretics†| How CPOs, CHROs, Founders, and Boards Build High Performing Companies
Kelli and Nolan tackle a listener's frustration with a painfully slow reorg process, diving into the eternal tension between perfect planning and actually running the business. When HR and legal reviews stretch into week four, should you keep waiting for perfection or pull the trigger? Towards the end of the episode, Kelli and Nolan get into brass tacks offering tactical timelines to execute a reorg based on hypothetical examples.*Email us your ‘Dear Heretics' questions: hrheretics@turpentine.co **For coaching and advising inquire at https://kellidragovich.com/ HR Heretics is a podcast from Turpentine.—Support HR Heretics Sponsor: Metaview is the AI assistant for interviewing. Metaview completely removes the need for recruiters and hiring managers to take notes during interviews—because their AI is designed to take world-class interview notes for you. Team builders at companies like Brex, Hellofresh, and Quora say Metaview has changed the game—see the magic for yourself: https://www.metaview.ai/heretics —KEEP UP WITH NOLAN + KELLI ON LINKEDIN Nolan: https://www.linkedin.com/in/nolan-church/ Kelli: https://www.linkedin.com/in/kellidragovich/ —Timestamps:(00:00) Intro(00:19) The Reorg Dilemma(00:56) Challenges in Big Companies(03:00) Balancing Perfection and Speed(04:43) HR & Legal Risk(08:55) Sponsor: Metaview(10:49) Employment Lawyers' Limitations(12:33) Intellectual Trap(13:28) Workshopping Different Scenarios(15:23) Wrap This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hrheretics.substack.com
The full extent of the damage from this season's California wildfires is yet to be determined, but one thing that is certain is that some leveraged credits are starting to feel the heat.In this week's episode of Cloud 9fin, US managing editor Bill Weisbrod and deputy leveraged finance editor Sasha Padbidri survey the extent of the damage and discuss which industries are among the most impacted.Find Sasha's latest report about the wildfires' impact on leveraged credits here. If you have any feedback or want to get in touch, send us a note at podcast@9fin.com. Thanks for listening!