Podcasts about senior managing director

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senior managing director

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Best podcasts about senior managing director

Latest podcast episodes about senior managing director

The Climate Champions
Jack Azagury, Senior Managing Director, Northeast Market Lead, Accenture - Episode 107

The Climate Champions

Play Episode Listen Later Jan 10, 2022 27:23


Jack Azagury, Senior Managing Director, Northeast Market Lead for Accenture, leading 10,000+ people in the Northeast United States. Jack is also a member of Accenture's Global Management Committee and North America Leadership Team.

Partnering Leadership
[BEST OF] Inspiring leadership with Accenture's Marty Rodgers | Greater Washington DC DMV Changemaker

Partnering Leadership

Play Episode Listen Later Dec 30, 2021 38:20


In this episode of Partnering Leadership, Mahan Tavakoli speaks with Marty Rodgers, Senior Managing Director to US Southeast which is responsible for Accenture's business in 10 states, including Charlotte, Atlanta, and Washington, D.C. Marty Rodgers shares his perspectives on inspiring leaders and service hood to create a successful team culture. Some highlights: -Marty Rodgers shares how constructive criticism can help bring out leadership in you-How Marian Wright Edelman impacted Marty's life and career-Shares how service is a powerful change maker -Marty Rodgers shares how his career steered to becoming one of the best Leaders in AccentureAlso mentioned in this episode:Father Hesburgh, President of the University of Notre Dame from 1952 to 1987Dr. Cliff Wharton, former United States Deputy Secretary of StateMedgar Evers, American civil rights activistMarian Wright Edelman, American activist for children's rightsLeadership without easy answers, by Ronald HeifetzNoel Tichy, American management consultant, author, and educator Connect with Marty Rodgers:Accenture.comMarty Rodgers LinkedInMarty Rodgers Twitter Connect with Mahan Tavakoli:MahanTavakoli.com More information and resources available at the Partnering Leadership Podcast website: PartneringLeadership.com

Global Captive Podcast
GCP Short: Transforming cyber insurance through a captive

Global Captive Podcast

Play Episode Listen Later Dec 8, 2021 21:20


In this GCP Short, produced in collaboration with Beecher Carlson, we explore cyber insurance and how captives are playing an increasing role in various layers of programmes. Pete Kranz, Executive Managing Director and Captive Practice Leader, and Chris Keegan, a Senior Managing Director and Cyber and Technology National Practice Leader at Beecher Carlson, explain what insurance buyers are looking for in cyber coverage today, why we have historically not seen much cyber go into captive insurance companies and how that is changing now. Chris begins by providing some context on the state of the cyber market today. For more information on Beecher Carlson, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/beecher-carlson Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

Financial Sense(R) Newshour
Woody Preucil Discusses the Latest Developments in Robotics, AI and Genetic Engineering (Preview)

Financial Sense(R) Newshour

Play Episode Listen Later Nov 25, 2021 0:53


Nov 24 – FS Insider welcomes Woody Preucil, Senior Managing Director at 13D Strategy and Research, to discuss the record sales numbers towards robotics and automation post-Covid by industries... Subscribe to our premium weekday podcasts: https://www.financialsense.com/subscribe

The Jason & Scot Show - E-Commerce And Retail News
EP281 - Mark Mahaney, author and top internet analyst

The Jason & Scot Show - E-Commerce And Retail News

Play Episode Listen Later Nov 23, 2021 55:38


EP281 - Mark Mahaney, author and top internet analyst  Mark Mahaney is Senior Managing Director at Evercore ISI, Research Division, he's one of the original and longest lasting internet analysts on Wall Street. He recently published “Nothing but Net: 10 Timeless Stock-Picking Lessons from One of Wall Street's Top Tech Analysts.” We cover a variety of fun topics including the beginning of his career with with Mary Meeker. His initial evaluation of EBay. His long positions on Amazon, Netflix, and Priceline, and butting heads with Jim Cramer over Google. We also discuss what's next for Amazon, and where the best investments of the future might be. Episode 281 of the Jason & Scot show was recorded on Thursday, November 18th, 2021 http://jasonandscot.com Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing. Transcript Jason: [0:00] Welcome to the Jason and Scot show this is episode 281 being recorded on Thursday November 18 20 21. I'm your host Jason retailgeek Goldberg and as usual I'm here with your co-host Scott Wingo. Scot: [0:16] Hey Jason and welcome back Jason Scott show listeners. Jason as you and the listeners know I am a huge scene in b.c. junkie and you can't turn on CNBC Durning Earth during earning Seasons without seeing Mark mahaney he is one of the top internet analyst. He was actually on recently talking about the artist previously known as Facebook meta Mark has a new book out called quote-unquote Nothing But net and is joining us tonight give listeners an early peek of what is sure to be the best seller in the bookmark covers some of our favorite companies including Amazon Apple Facebook / meta Google Netflix Twitter and Uber Mark welcome to the show. Mark: [0:56] Thanks for having me on guys. Jason: [0:58] Mark we are thrilled the chat with you is you know Scott is a huge Amazon fan boy so I anytime he gets a chance to talk Amazon he's excited. And I'm super excited because after tonight show I'm going to be smart enough to get rich like you and Scott so that's pretty pretty exciting for me. But before we jump into all that we always like to give listeners a little bit of a feel for our guests background and in your case I know I think you're officially the the oldest analysts on Wall Street is that true. Mark: [1:29] Well that's the oldest and longest lasting internet analyst on Wall Street but I don't look the part so how about we do that yes I've been covering Internet stock since 1998 do a series of bank said I started, working with this tremendous analysts her name was Mary Meeker her name is Mary Meeker and started the first Friday I was on Wall Street I got a call from the CFO of this tiny little online auction company that sold Pez dispensers and was looking to see whether any banks would be interested in their IPO that company was eBay so I wasn't there at the beginning of the internet but I was there pretty close to the beginning of the commercial for the public market to internet and it's been a fascinating ride and I thought there were a lot of lessons I could draw both from the successes the market and failures in the market and my personal successes and failures as a stock picker. Scot: [2:20] Cool what's so name some of the firm's so in my recollection you've probably worked at six firms like how many firms have you worked out over or that career. Mark: [2:30] Yeah now I don't want you to think I you know I jump around too much but I started off at Morgan Stanley also worked at Citibank Royal Bank of Canada. A small boot wonderful Boutique called American Technology research and I'm currently at evercore isi but I've been doing nothing but net. Hence the title of the book that's been my email tagline or always online is one of those two it's been my email tagline for 25 years but nothing but net and that's just doing my best to try to stay ahead of these internet stocks the early ones the the eBay's the Amazons the Yahoo excite if you might remember them infoseek. And then and then AOL and then and then later on some of the more Dynamic ones came out ended up with names like uber including most recently one you talked about Warby Parker so it's been a fascinating span and arguably one of the most dynamic. Parts of Wall Street I guess if you were working as an analyst on Wall Street. Or portfolio manager portfolio manager if you could have picked two sectors to be a part of to track over the last 25 years one of them has to have been the internet just how explosive it's been a been plenty of – explosions in there but there's been some wonderful wealth creation the other sector would probably be software just just too wonderful Industries I got lucky I was I was part of the internet. Scot: [3:49] Yeah I'm glad you didn't pick Mall Focus treats that would have been a bad choice. So you know as Jason mentioned there's kind of this auspicious title that you have of the oldest I would say wisest and most longest lasting internet unless. Tell us about some of the as you reflect in the book is kind of got some really good stories and you've been kind of on the front row seat of a lot of cool stuff maybe tell us what was your worst pick and best pick in the span of the career there. Mark: [4:22] Well I had a sale on Google it close to its IPO I was brought on to CNBC show and told by none other than Jim Jim Cramer that I was an analyst with a three-egg omelette on my face because of my cell phone call he was right I was wrong so you know one doesn't pretend one doesn't tend to forget moments like that on public television being told that you know you're pretty much an ass. But it does happen you know there are axes and then there are you know others and so I made plenty of mistakes I had to buy on Blue Apron although the lessons from that turned out to be different than I thought I got the call wrong but the lessons were different than I thought I kind of dissect that a little bit in the book. So those are some of my some of my worst calls I think my to my three best calls have frankly been sticking with a buy on Amazon for pretty much the last 15 years Netflix for the last 12 years and Priceline and now now booking for. [5:18] For a solid 12 years both Netflix of all three of those were really decades-long S&P 500 Best in Class stocks for a variety of different reasons and in the book I try to call out what were those reasons what were the what's that what's the pattern recognition so that you know we as investors can find the next Netflix and the next Amazon doesn't mean and Amazon and Netflix can't perform well from here but what are the things you can see in common that can help you as a stock picker you know kind of see ahead what really kind of started a lot of the the insights the idea of the book was this wonderful book that was written in 1980 called that one up on wall by Peter Lynch kind of a Bible or primer for anybody really looking to invest invest in the market with some wonderful advice and I really had any wrote it based on some wonderful examples of successful stocks and companies of his generation and I thought somebody needed to write one about our generation and you know these phenomenal money-making we know wealth-creating stocks that have. [6:19] That have soared the charts top the charts over the last 20 10 5 and even two years that have been dramatic dramatic winners from the covid crisis to I try to keep it long term in duration and frankly that's one of the big lessons I have in my book is. Is you know long-term I've found stocks do follow fundamentals they just do companies get bigger more Revenue more profits their stocks go higher almost always that's the case if you're a patient long-term investor so you can make money just investing you don't need to day trade and I think that was the last thing that really inspired me to write this book there about 15 million new. [6:53] Trading accounts that have opened up over the last two years you know the mean Traders the Robin Hood accounts and I just wanted to step back and say look you can have very good returns in the markets by buying high quality companies especially Tech and growth companies you don't have to day trade you can sleep better at night I got plenty of examples of companies that created wonderful. Shareholder returns over time and their stories you can take your time and really understand and stick with and anyway that's it this is this book is a little bit of little bit of personal Memoir but really more of a history of the Great. Companies and the ones that failed and then what are the lessons you can draw to apply going forwards. Jason: [7:32] Got it so I know it's not in your coverage area but you would have a buy on GameStop is that what you're saying no. I Nostalgia requires me to ask though I am staring right now at a pets.com. Puppet still in the box that's like sort of a Memento I have on my on my desk like we're you covering like those guys at the at the. Dot-com boom. Mark: [8:00] No no I didn't but I refer to that in the book and I make this I draw the comparison you know pets.com and smoke you know pets.com went public with trailing 12 month month revenues of 5 million I don't know if you heard that right five million dollars. [8:16] Trailing 12 months they had been an operating company for under two years I mean how that thing got out you know in hindsight is is is pretty shocking but wait a second go you know go forward 15 years and what came out. To e.com chewy.com went public with 3 billion in trailing sales and you knows the same sort of basic value proposition to Consumers it's just that the market was a lot bigger it allowed for a lot more scale and a bunch of other things came out o like cell phones smartphones cloud computing which allowed companies to scale up at much lower costs and so the markets really were proved out at that you know the time of pets.com there were three unknowns is there really an internet Market are there really good management teams and other really good business models today the first question is emphatically yes they are huge Market opportunities and they've been proven in in the Internet space advertising retail entertainment a lot of different ways you can cut it and there's some business models have generated enormous amounts of free cash flow and then there are yes of course there's always a few select excellent management teams who find that right combination it can be it's proven to be a great path to making money in stocks and chewy has been a stock that I've really liked since its IPO even though it's the next pets.com and that's the cynicism that people be placed in front of it when they went public. This was a very different puppy. Jason: [9:39] Yeah it does it seems like timing it seems obvious but timing is such a big. Part of all that you referenced Peter Lynch and I know you know there's. There's all the old Netflix stuff I actually started my career at Blockbuster entertainment and so in my in my industry everyone makes fun of Blockbuster that we got Netflix stand and all those sorts of things and I always have to point out. You know we sold Blockbuster for 18 billion dollars in 1995 like five years before Netflix was invented. Then it was a good business with a good exit you know every every business has it it's it's moment and it's time and you know the the railroads aren't the investment that they once were either. Mark: [10:28] Netflix is a fascinating story so let me let me let me jump to it a little bit you know one of the things the punchline of I asked people if you're going to remember one thing for my book I hope you'll still buy it but if you're going to remember one thing from my book it's dhq it's not DQ That's Dairy Queen dhq is dislocated high-quality companies and. You know time you mentioned timing I was thinking in terms of stock timing I thought those were your going to take us I think it's very hard to the time stocks but you know you can clearly see when stocks are dislocated I either traded off twenty Thirty forty percent so that's usually you know time if you think it's high quality asset and it dislocates them they all dislocate from time to time even the best highest quality names. That's when you can kind of Step In add the positions by the stock knowing that you in a way mitigated some of the valuation risk as investors your tries an investor you're trying to do two things mitigate valuation risk and mitigate fundamentals risk you know the chance that Revenue falls off a cliff margins get crushed the way you mitigate that fundamentals. Risk is to focus on companies with large Tam's excellent management teams great product Innovation and superb customer value prop and Netflix screen so well for me on those four things I'll just take this off super quickly if you don't mind. [11:42] The industry Vision so let's see Reed Hastings invented or started Netflix back in 1997 Netflix the name itself sort of implies that somehow we're going to be doing some streaming thing and this is a 1997 when it would have taken you four hours to download the first five minutes of Terminator like there was no streaming Market there but yet. [12:02] That was the premise of the company in 10 years later you know you look at the first initial interviews with Reed Hastings I mean this is where he was going to take the company all along so I was just giving him kudos for industry vision and the fact that he was willing to cannibalize his existing DVD business first dreaming business very few entrepreneurs can do that so management you know checks My Box customer value proposition the best way to tell whether a customer a company has a great value proposition is do they have pricing power will do people love it so much that they'll pay more for starting in 2014 Netflix started increasing pricing just about every other year and there's some ads accelerated that's a compelling that's evidence of compelling value proposition third is this product Innovation and you know they just don't have a lot of things not just streaming but there's a lot of these little tweaks that the side like binge watching you know kudos to Netflix for just rolling out new series all at once I mean practically invented binge-watching and of course you know they sort of invented the streaming thing or the people who founded music really did that but but Reed comes in a close close second on that and then you know I'm finally in terms of Tam's large Tam's total addressable markets. [13:13] You can add it up a couple of different ways but you know home entertainment video consumption it's it's a couple of hundred billion dollars in total you know Market opportunity and then who knows these things come along like smartphones and all of a sudden the majority of usage is on smartphones that tells you that these markets could be a lot bigger than we traditionally thought just like Spotify blew out the market for what really could be music advertising revenue and music subscription Revenue Netflix is did the same thing with me with Video subscription Revenue they blew up the tan they made it a lot bigger so that's right you know I love that story about the stories about Netflix I gave him a tremendous amount of Kudos I think the sometimes people under appreciate just because it's kind of a singular company just you know video video streaming I think they I think they don't get enough credit for what they've done and what they could still do because I think there's still one more one more trick up Reed Hastings sleeve and I think it's gaming and he's reached they've received such so much skepticism about this pivot or missing expansion in the gaming but you know management team to figured out dvd-by-mail streaming original content International expansion mount give them the benefit of the doubt that they can figure out an Innovative new way. To deliver gaming and therefore further increase their value proposition you'd want to stick with a company like that I stick with the stock like that. Scot: [14:34] Ever kind of a random question let's say there was I'll pick something at random a company that was Reinventing Car Care and making it mobile and digital would you call that a dhq. Mark: [14:45] I think that yes yes absolutely. Scot: [14:51] All right leading the witness. I do have to give you Kudos because in the Netflix section you do have a Star Wars reference you talk about the Disney death star which is which is appropriate because they now own the Death Star it's got a part of there is one of their IPs. Mark: [15:09] But by the way that was you know there were a couple of Netflix there's a rocky stock Rocky stock here that's right that's a that's a rocky stock for you it's had there were two times they miss Subs because of uncertainty over the price increases and they got some pushback it was an obvious that they had pricing power but they proved it over time and then they've got this great competitor risk with Disney and I think what the market missed on that this is just kind of leaving aside the book of just talking about stock picks is you know people are going to sign up for multiple streaming services now not now not five six or seven but they'll sign up for two or three if there's original content and they have original content I mean there's some things you will you have to sign up for Disney Plus for if you if people are like use God and you know dramatic. [15:52] Star Wars fans of course you can sign up for Disney plus but you know there's because its original content if you want to watch squid game there's one and one only place you can go for that and you know there's going to be another squid game or you know another show that just kind of breaks through the site-geist and by the way that's where Netflix is so I'll leave Netflix aside but I'm so struck by is this company shapes the Zeitgeist whether they can cause a run on chess board sales worldwide with the Queens Gambit a year ago where they can cause more people start studying Korean on Duolingo a language app which I actually like is the stock because they can you know they've introduced this show squid games like when a company reaches the Zeitgeist when they when they become almost like a lucky lexicon like they become a verb like I'm gonna google that or you know it's the Uber of this that or that you know that's that's something special and those are usually stocks that have gotten very long runways. Scot: [16:44] Yeah and I'm here in North Carolina and we have all these MBA we have all these universities and I was actually speaking earlier this week at MBA class over at Duke. And you know I have this whole little joke track that I do where I talk about my first company was profitable and I learned I could never raise VC because get the TV season that's a your profit we don't invest in property companies so yeah I often joke that I've been doing it wrong and ever since then I haven't made a dime. And I kind of thought it was those funny because you kind of. The internet sector was kind of early before SAS where and you point this out where there's kind of you know what we learned is there is an investor that loves Revenue growth and in a way that the opposite side of that coin is it can actually hurt you if you start to make profits maybe share with listeners that that you know probably many of them come from traditional businesses where that sounds nonsensical maybe maybe explain kind of what happened there. Mark: [17:41] Well I want to be I want to be on to get nuanced here which is you know I that chapter that says the most important thing out there is revenue revenue revenue you know for tech stocks and growth stock. But of course earnings and free cash flow matter it's that sometimes the public market is a lot longer term focused than people give it credit for Netflix is a great example that also is Amazon. I mean those those businesses had if you look at near-term valuation PE metrics price to free cash flow there's no way you would have bought those stocks. But what I think long-term growth investors realized is there's this you know when these get these assets that can grow their Top Line twenty to thirty percent Plus. From scale for multiple years like that can that creates an enormous amount of value over time and it's so rare I came up with something of a 20% rule you know it's one to two percent of the S&P 500 that can consistently grow at from scale their Top Line 20% which is like five times faster or six times faster than Global GDP growth so it's rare for good reasons but those companies dramatically outperformed the market because they're rare and it's not like growth and scale solve everything but geez they solve a lot of things I've yet to see it's got you know you go way back on this I'm sure you had these comments like Amazon will never turn a profit my first year on the street. [19:04] There's a person who's not one of the most influential investors out there put his finger in my chest. And said you know Amazon will never be profitable and you know I guess he must have been writing he was so smart but he was wrong because he didn't realize just what how powerful Amazon could be as it's scaled over time I mean you generate billions and billions in revenue and you can you can run over a lot of your fixed costs as long as you're not selling dollars for 95 cents you know if you're you know if you're selling them for a dollar and two cents and then you get scale against your fixed cost yeah scale will solve just about anything and I look at what happened with Amazon and I've looked at more much more recently its bring it up to up to date to Uber Uber just printed its first free cash flow quarter ever even though it's Rideshare businesses like down 40% since Pre-K covid levels how the heck did they do that because it took a lot of costs out of the business and then they had this delivery business that really scaled so look earnings matter it's just that when we look at tech stocks and growth stocks you know especially early on is IPOs they rarely go public. As profitable businesses the question you have to answer yourself is can they be profitable long-term are there companies that are already you know similar business models that are already are that's one way or their segments of the business that are already profitable. [20:19] Is there a reason that scale can't drive profitability for the company and the fourth what I call profitability Action question that detail this in a book is yo Are there specific steps steps that the management team can take to bring the product the company to profitability so I've yet to see a company. [20:36] And I'm sure there are some but I've yet to see one that hit the public markets that couldn't scale itself to profitability now some blew up. Well you know that's because they couldn't hit the enough scale so that's that's kind of my answer to the question of yes of course earnings and free cash flow matter at the end of the day that's what they're going to be valued on but just watch these companies that they really execute well they can take what looks like really aggressive valuations and overtime those valuations can turn awfully awfully attractive and a lot of times the stock wealth creation goes from point A to point B it doesn't start at point B. Jason: [21:10] Yeah the you know it's you mentioned then the Netflix. Effect on the cultural zygous fun fun stat on Queen's gamut it drove the sale of millions of chessboard and caused hundreds of people to start playing chess. I do one of the things that comes out strongest in in the book to me and that you alluded to upfront is sort of the difference between trading and investing. You know I always have people come up to me and they're like hey you know a lot about these retail companies what's a good investment and I'm like. I have no idea can you can you talk a little bit about sort of what you mean by sort of fundamental investing versus trading. Mark: [21:56] Well I sum it all up in the pithy expression don't play quarters I find playing quarters is almost a Fool's game the number of times I get questions you know what should I buy for the quarter and for little sophisticated institutional investors that could be I've got a position in. [22:15] Amazon or Google or Twitter and you know do I should I be you know heading into the position prior to earnings or you know facing back and adding to it more afterwards okay that's a different setup but if you're just playing a company for that quarter pop the problem is quarterly earnings reactions there's two things that drive them. Fundamentals great get the fundamentals right that it's expectations so the quarter trades are really about expectations you may get the quarter right you may be right that Nvidia or Roblox are going to have super strong quarters because I see how many of my friends kids are all over Roblox you maybe well right on that but you have to know you know what the market is actually expecting and numbers can go Revenue can accelerate but if the bar is higher than that then you're going to see these stocks trade off it happens a lot so I just unless you're unless you're a pro less you're in day in and day out. You know working working these stocks and really have a sense of where the expectations are. I think it's just a Fool's game to play play stocks just four quarters instead you know you want to stick with stocks for the you know you want to find an asset that you think is going to be. [23:29] Materially bigger in two to three years down the road and you think it's high quality based on some of the screens I threw out then stick with that name and don't try to play around the quarters and it's in fact sometimes you can use weakness or strength around the quarter to adjust your position but don't use it too initiator close out a position at the then you fall trap to these expectations game that is very hard to participate in if you're just a regular you know retail investor and you can make just as much money just staying invested in some of these great assets. Jason: [23:59] That is great advice and it's I certainly resonate with the sticking with the Investments I am curious though on the other end of that on the really long Horizon you mentioned you've you've been had a buy on Amazon for like 15 years. Wait. Like are you going to have a buying them for the next 15 years is that how I mean like does there come a point when they achieve their potential and you have to start worrying about them getting on the other side of the Hill. Mark: [24:26] Yeah I think you can I think you can one look for the fundamental towel and so I'm going to I'm going to spin over to another stock I talked about in the book Priceline. Which is actually the single best performing S&P 500 stock for like a 10 year period 2005 to 2015 phenomenal stock travel name everybody knows it William Shatner excetera although they're real secret sauce with what they did in European markets but. But that's a company that you know sustained premium growth like they were growing their bookings in the revenue 40 percent year over year for years and years and years and years and that's what powered that that that stock and when it stopped materially ah performed Market was when the growth rate decelerate it below 20%. [25:10] And so I don't want to you know create a hard and fast rule but I do feel strongly about this twenty percent rule 20 percent you know we're close to it you know don't don't Nick me at 19.8% you know could close to twenty percent is unusual rare growth. [25:23] And the markets usually pay up for that and when you see a company over time either because of Miss execution it happens or Market maturity and their growth rates you know kind of slide below 20% then that's when you reconsider your position that's a simplistic rule as a lot of caveats to that when I see with Amazon here is despite the size of this business I think they're still growing 20% for the next five years so in that if that's the case. [25:48] You know the simple rule of thumb is companies that can grow like. They can I like to see stocks that can double in in three years in order to do that you kind of have to do you know 20 to 25 percent earnings growth that's what a Maps out too. And you know you can double a stock in 3 years your handily beating the market in almost all time periods. And so when I see what it'll change my opinion really on Amazon is if I believe that this company is going to go X growth it's going to go you know well below 20 percent Revenue growth I just don't see that in the next couple of years given how much growth they have in retail in NE ws and cloud computing and in some of these really newer areas that I'm really interested in whether they really can crack the code on groceries and they can that's a large opportunity and business supplies Industrial Supplies I think that's a very underappreciated part of Amazon's business so I don't see myself changing my opinion on Amazon although you don't want things that we talked about this earlier that I love to see your founder LED companies that's no longer the case with with Amazon so that's you know at some level I've got slightly less conviction than the in the by case but I'm going to stick with it as long as the numbers prove out right and long as I can see this path that's consistent 20% Revenue. Scot: [26:59] Yeah and this is kind of breaking out of the book thing but since you brought up Amazon it wouldn't be a Jason Scott show if we didn't kind of double click on that what did any thoughts on the Q2 and Q3 earnings feels like they're slowing down a bit and feeling some of the labor and see what we call Supply pain on the show are you are you getting nervous about it or you think it's just a little one of their little kind of investment phases. Mark: [27:23] I called the six billion dollar kitchen sink that's how much lower their guidance was for operating income in the December quarter then then what the street was looking for like she was looking for close to eight billion and they guided to billions six billion dollar kitchen sink and they threw it all in there wage inflation you know you right you drive that route 95 on the east coast and you'll see Amazon Amazon is hiring Billboards up and down the East Coast Seaboard I did it recently so yeah they're aggressively hiring at higher wages that's impacting their margins there still some covid related cost shipping they're just not able to a sufficiently source and bring in product and so they have to bring in product into the the ports that aren't optimized for their distribution Network so just a lot of. [28:14] Positive blowing up now the question you have to ask yourself as an investor is are those are those cost increases elective structural discretionary temporary it's kind of like which of those are they the more that you can make a determination that the cost bikes are temporary the more you stick with the name if you think there's something structurally changed about Amazon okay that's different I don't think there's anything structurally changed about Amazon and certainly not its competitive position and then the last thing what I really like to see. [28:44] Frankly is this company. I mean the level of investment this company is making its distribution Network you know you talked about Facebook earlier they're dumping 10 billion into the metaverse which I think there's a there there but I don't know Amazon is dumping billions and billions into its own Logistics Network like they're doubling down on their core competency you bet I'll stick with that and what they're going to what's going to come out of that is even faster and faster delivery and they're going to prove out this concept what I call shipping elasticity the faster you ship the more that people are going to use you in a more of their of the more of their wallet and per-share you're going to Amazon's going to get so we're going to actually going to Super up one day delivery and then they're going to Super up super same day delivery and I think they'll be able to just grab more and more and offer more and more products to people so I like those kind of investment initiatives so I think a lot of that margin pressure by the way it was really due to these kind of elective investments in the infrastructure they added more distribution capacity the last two years than Walmart has in its history. That's how aggressive Amazon is being an eye you know my guess is that third we're going to see dramatic market share gains from Amazon in the next 12 months so I like those companies that kind of really lean in bendin and the double down on our core competency that's what the Amazon is doing now. Scot: [30:00] Yeah. The Press is making a lot of noise around Shopify versus Amazon and Shopify is kind of amplifying that with they're arming the rebels and everything. Jason Connor makes our I won't say his thing but he's not a believer in that I think it's kind of interesting in there's definitely no love lost between the company's what what's your take on that is that a real battle or is that just kind of genda by to kind of raise awareness for Shopify. Mark: [30:26] You have a quick point of view on that Scott. Scot: [30:29] I think Shopify becomes a Marketplace adjacent thinks that's crazy Jason what do you what I'll let you state your own opinion. Jason: [30:38] Yeah I mean I think Shopify is a phenomenal company and a good executor so I'm not throwing rocks at Shopify. They're to me they're not a competitor to Amazon they don't acquire customers they have no traffic there there. Piece of infrastructure and a great valuable piece of infrastructure but a piece of infrastructure. Doesn't draw any customers in so I call these people that are like oh man they're like Amazon they have all this aggregated gmv and they could sell ads to it and they can you know recruit more sellers because they have this this audience and all these things will they don't have any of those things they don't have a single b2c marketer. In their company and I would argue that's that's been one of Amazon's Court competencies is they've they use the flywheel to build this this huge audience that they get to sell all the. Their goods and services to so I just I don't think. They compete in any in any meaningful way and I think if Shopify were to try to become a true b2c company like Amazon. It would just be a phenomenal pivot it would be you know. Can't you know obviously they have the resources to fund trying for it but I'm not sure that's the best move for them. Mark: [31:57] Yeah I don't so I Do cover Shopify I've been really impressed with them I don't know them as well as I know Amazon but I've been super impressed. With them and terms of the product development and they are just providing more and more services to small Merchants so I think there's an are now bigger than eBay in terms of GM vo but I can never there's not enough disclosure to figure out so where's that GM D coming because I think some of that probably does come through eBay so a little bit of double counting that goes on in there but it's really impressive what they've pulled together whether they can actually aggregate demand in a way that Amazon has I think that's I think that's unlikely I think that's a very hard thing to do it's possible they do have a shop app I just, yeah I guess that's the action question we often ask ourselves do you think you're going to use the shop app to shop. [32:45] I don't think so I don't think people are going to do that but you know if they can get enough people to do that boy they will have really they will have some really circled it that you know because they got the infrastructure okay they're talking about building out fulfillment and doing fulfillment for people and spending a billion dollars on it sorry my friends you're gonna have to spend a heck of a lot more than a billion if you if you really want to you know compete. Because the bar is getting higher it's not getting lower it's getting higher in terms of funeral the speed of delivery eBay learn this the hard way and so shockfights Memphis spend a lot more than that so anyway there's a lot of wonderful things about Shopify and I don't know whether if you listening to slammed on by if you think they can build up an aggregate an audience I don't think they can so does it make doesn't make it a slam dunk by it's it's you know it's a deep three point shot put it that way. And you're not Steph Curry. Jason: [33:41] I think we're going back to the basketball references in the book. Yeah it you know I tend to agree I'm not I don't think the shop app you know has attracted an audience that uses it for shopping yet it's a shipping trapping tracking app at the moment. But the it is funny like there are lots of companies that facilitate huge amounts of gmv so I think of like. Excuse me and Akamai is a. Is a CDN that's that used by almost every retailer to help help sell stuff right and so if you said well what's the CD the gmv of Akamai well it's bigger than Amazons. Um but that doesn't mean that Akamai can compete with Amazon so yeah I don't know. [34:28] I do want to go back to Amazon earnings just briefly because I you know I think a lot of the Slowdown is kind of a covid blip and I don't know if you ever think of it this way but. They're there their times in history when. It feels like the external factors aren't a big influence and and you know some companies perform really well and other companies struggle so you know there could be a year when you see Home Depot doing really well and lows struggling and you say. There's something special about Home Depot that I might be interested in investing in at the moment it feels like the external environment for retail is having a. [35:07] Sort of a consistent effect on everyone right and so you look at the industry average is you look at all of them is on Spears and they all have sort of the same shape of deceleration. That Amazon has so it's to me it's hard to attribute that to some. Some fundamental flaw in Amazon but there is one thing I noticed this quarter that it was interesting and I wanted to get your opinion about because I know as an investor you like seeing companies that have pricing power. And you know of course Amazon famously raise the price of prime a while back and seems like that was wildly successful this quarter. They've raised the price for grocery delivery there now charging ten dollar delivery fees even for Prime members. And then this week we saw that they made a pretty substantial increase to the cost of f ba which is you know the fundamental service used by almost all marketplace hours and they they just raise the price of that by like five percent and I'm curious do you look at that as a good sign that hey. They have pricing power and they're doing so well that they can command those prices or to me it's a potential warning sign because I feel like Amazon is so. Zealous an advocate of the flywheel in the flywheel is all about driving costs down to get scale up I just was surprised to see some of these like price increases in in you know. Especially grocery which isn't super mature yet. Mark: [36:33] Well I'm not sure really of the answer to your question Jason it's a it's a it's a really good thoughtful question on the on the groceries I think they raised it because the unit economics were just not working for them in terms of grocery delivery that's that's my guess they also you know yet to have that get to really crack the code on the grocery business and so I sort of see that as they tried it and it just can't right size the economics of they got to charge more for it so I read that kind of negatively what did the raising fees to sellers. But my guess is it's a mixture of things but it's largely driven that my guess is that this largely driven off of Just Rising. [37:17] You know Rising infrastructure costs have been rising shipping costs I mean Rising the two costs that they called out specifically on the earnings call my recall is correct is our steel costs because of all of that dish construction they're doing with their fulfillment centers and trucking services and so my guess is that they've they're doing is not necessarily the right size the economics is I think the economics are working but because they want to try to keep their unit economics relatively intact. And that's sort of the way I think they thought about the raising the price of prime it wasn't they did it because they could. It's they did because they sort of had to like the costs are rising it's just that what I found interesting in terms of pricing power is van acceleration in in Prime ads you know post that price increase like that and so does Netflix to me Netflix is essentially raise fees use the fees to you know generate more Revenue by more content is like a flywheel that they've worked with their make the service more bringing more users allows them to get a little bit raised money just a little bit more so it's not so much raising fees to extract excess profits it's raising fees to further accelerate growth and the value proposition is strong enough that they can do that and not lose customers that's that's that that there's this is subtle nuance and maybe it's too salty but but I think it's an important it's important difference it's not it's no it's raising pricing not to raise margins it's raising pricing to fuel growth. [38:46] And when you so either way it's good I happen to think you you want to the the better one is the latter one is a more impressive the latter one is more impressive because you're raising pricing just to Goose your margins you know you just put a Target on your back. Scot: [39:03] Reading the book made me nostalgic and maybe we'll do a little bit of a lightning round but one of the companies you wrote about that I kind of forgot about and those interesting was Zulily I remember when they came on the scene and we were all like. They were all blown away by how fast they could just get product up right they had this thing where they could. They could have most of those kids so they'd get like all these little kid models in there and throw some clothes on them take a picture and then like changed outfit take another so they could do something like you know thousand different products an hour or something. What's your recollection on Zulily. Mark: [39:40] She really is that was one of my calls that didn't work and. So I and I learned some lessons from that I think to me the lesson I drew a to do with value proposition they had wonderful cohort disclosure in their S1 when they went public I mean it was truly impressive. And you know the they also raise kind of an analytical question because the first it's not too dissimilar to stitch fix today the first three or four million customers were extremely happy the question is. Were there another three to four million customers that could be extremely happy and the problem that Zulily faced is that it customer value proposition had one major flaw which is that you couldn't return product if you didn't like it they didn't they didn't accept returns oh I'm sorry there were two problems and there was no Speedy Delivery you know you could get stuff in seven days and 20 days. That was good for the first day of the first three to four million customers who are fine with that you break into the mainstream and you mean I can't return something if I don't like it you mean I gotta wait how many days until I get something like that ended up. [40:45] And it was very hard being the survey you really had to go with gut instinct on that to realize in advance that they were going to hit a wall in their growth. Geez when you saw what happened to their growth rate when they went public it was Triple digits six quarters later they were doing 10 percent Revenue growth they hit the wall because the value proposition. Wasn't strong enough and then they end up going going private that to me was kind of a lesson which is you know the. [41:10] Growth was impressive but that value proposition if it's not if they hadn't they didn't have it nailed down and you knew from the beginning I knew from the beginning what the two Falls were I just I didn't know when it would hit them and hit them earlier than I thought so you know it gives us another reason to really focus on how compelling do you think this value proposition is how many you know will that can the can a customer base double given the existing value prop. And that's one of the big lessons if I spin it a little bit I mean that's to me is and Scott you look through this entire history like you know the first decade of the internet the king of online retail wasn't Amazon it was eBay and they had like six times seven times the market cap of Amazon that's completely changed and why is it change and I think in part it's because of the value prop I mean Amazon just beat him on price selection and convenience year in and year out and that really mattered but a more recent example in my book. [42:02] In literally and figuratively is doordash and GrubHub and that's example many people will will know but grub have that great business model wonderful investor Centric business model High margins and doordash had this you know generating tons of losses but they had the better value prop because they had more restaurants selection and the end of the day that they want and they were able to scale up and generate serve reasonable profits over time that was the case where my quick tag line is you know customer-centric companies. Beat investor Centric companies most of the time in market cap and market share Amazon versus eBay, GrubHub versus doordash those two examples really drilled that less than to me. Jason: [42:48] Yeah I've been fighting those companies because you know there. They're like increasingly overlapping with a lot of my Commerce clients and like you know a big. A big sort of disruption and commerce right now is all these ultra-fast delivery services and you know it seems pretty clear that doordash and Uber are both gonna want to play directly in that space so it seems like some of those those sectors are on a collision course to chase that Tam. Mark: [43:15] I think you're right Jason I also think Amazon I mean you're talking about logistics like that's Amazon's competency so whether you need to. Whether you're going to vertically integrate and do that or whether you going to do that virtually you know Foo you know a gig economy Network. I don't know which which is going to work better long-term but yeah and you know it's going to raise the bar and make it more and more expensive for anybody to operate in that in that segment I have a bias that Amazon in the end wins that but it's big enough of a market it's so early stage that you can have multiple winners for the next five years I don't know that you can have multiple winners for the next 10 years. Jason: [43:56] Yeah there was a funny question in the Amazon earnings call someone asked about ultra-fast delivery in the CFO kind of I thought brilliantly threw some shade on it he's like. He said something to the effect of we like where we are and ultrafast like we have one hour delivery on about 178,000 skews right now and we're you know we're going to continue to scale that and I don't know how many people follow this but all of the competitors in this space are are desperately trying to figure out how to do one hour delivery for like 7000 skus. So so like they're you know they definitely are gonna be able to leverage the infrastructure there and I'm sure they're making some big investments in that space too. Another area that's that's been kind of interesting lately and I know you've been following this little bit is obviously there are all these privacy changes and the depreciation of the third-party cookies and especially the IDF a you know mobile privacy changes. That Apple has instituted and that obviously had a pretty pronounced impact on the value of some companies like Snap recently A View you have a opinion there is that. Is that a blip or is that a systemic change. Mark: [45:08] I think it's a big pothole in the road. But it's not there but the but the it's a big pothole in the road but it's not a bridge that it's not a collapsed bridge that get that mountain out. Yeah so poor that hey yes. Yes it is yeah that's it that's pretty I mean that's a big pothole that idea Fay allowed Facebook to offer amazing attribution to millions and millions and millions of businesses and now that's gone and and and to their credit to Facebook's credit they warned about it for a year two snaps discredit they didn't warn about it ever and so that's why their stock went off you know 22 decline 25 percent whereas Facebook stock even the numbers came in weaker than expected you know kind of fell off to the 3% and by the way then is traded up above where it was at earnings time so what I mean very intrigued by is I think it will be a son of that idea of a. [46:12] You know child of idea say I like I think there's so much at stake here both from the advertising platforms like Facebook you know and Google's to some extent a little bit and Snapchat but also for you know the millions of marketers out there who you don't you were able to thank thanks to Facebook use of people's privacy data you know from right or wrong I mean that's what that's what they they did I mean this help Merchants really know which of their campaigns worked and allow them to you know run creative and that creative could be automatically you know a be tested abcdefgh like 8 times 8 different ways in which ever those creatives work best. You could actually beat successful one of them then you can just pivot all of the dollars behind that one campaign you know campaign h for campaign be your campaign e.e. and that's just a wonderful way to help these small businesses you know really succeed and that's been taken away now you know there's I think there's first a little bit of shock shoot I can't get the attribution I had I'm going to pull a my marketing dollars but marketers got a market. [47:13] And I think you're going to see those dollars come back and my guess is that Facebook and other companies are going to find some way to do. Better targeting they may not quite get to idea that a type of levels but they were going to be able to do some sort of audience targeting they also have a lot of first-party data but they'll be able to do it in a way that doesn't that you know respect people's privacy and yeah you'll see those dollars come back so that's why I referred to as a pothole I it's a big pothole it's but it's not that it's not a bridge that just collapsed you know you're going to be you can they can they got stuck in that pothole more than anybody else but you know the cranes there whatever they're getting a tow trucks they're they're getting out of it they got to do some nobody work they'll fix the car and it'll be back on the road in part because they've got the talent to do it but in part because there are millions of small businesses that are given to going to give them the incentive to do it because they'll get those marketing dollars back once they figure out some of the idea that a. Jason: [48:09] Yeah I always like to remind people that are like The Skys Falling on the advertising industry that you know. It wasn't very long ago that we had much worse targeting than than we have in digital even with idea of a I mean targeting used to be deciding which publication you were going to print your ad in. And they still got a lot of money in the advertising industry so like I kind of suspect that that marketers are going to figure out you know the best ways to invest their money even if it maybe isn't quite as. As real-time as people got used to for a short while. Mark: [48:42] I think you're right Jason. Scot: [48:45] So Mark you in the book you recap kind of this awesome 25-year career and you know one of the things I've learned is if you're in the game of making predictions you know that it's kind of humbling but then you kind of slowly but surely get better at it right you never get to kind of you know a hundred percent but over time you get better and like like for example you learned the lesson of. The companies that are customer focused to do better than investor focused think founder based in that kind of as you as you take those backward 25-year learnings and project them forward what are some of the things that you get excited about looking out the next five or ten years. Mark: [49:23] Well in terms of Trends even the next year or two I think whoever solves. Marketing attribution is going to be worth a lot more in two years than they are today just because there's so many businesses so many marketers that will pay for that. So I you know so that's that's kind of a debt that whoever whoever fills in the pothole that's going to be a very valuable company it's going to be a lot more valuable to years and it is today my guess is that there's gonna be Facebook so I'm interested in that then there's thing this thing called The Medic verse which I don't know this is just virtual reality just renamed do a Google Trends search on metaverse just watch that just spiked up in the last love so you know you kudos to the person who came up with that idea may be excited maybe Jason or Scott maybe was you I. Jason: [50:09] It's just a rebranded second life. Mark: [50:12] Okay and. But but you know the fact that it was two things that kind of struck me there's some pretty big companies throwing a lot of big money at metaverse you know Facebook Microsoft there's a bunch of others and then there's this Roblox generation people young people who are perfectly comfortable living in the meta verse in virtual reality and. [50:38] You know participating in concerts safely and you know and shopping and communicating and entertaining and learning. [50:49] And learning through the metaverse and so you know we knows 8 18 year olds you know get out into the real world you know they're going to be perfectly comfortable in the meadow verse maybe not the way you know not the way that we will naturally be but you know though they'll help us figure it out and so so I'm really intrigued by the metaverse I think it is going to take 5 to 10 years because that to really develop and I'm trying to trying to figure it out who the big winners are but but I'm very intrigued by that. [51:18] Yeah I'm also got one of those oculist you know I've gotten two different versions Generations the it's the iterations of the Oculus Rift and you know i-i've always it's kind of like when I first saw the Kindle you know the first Kindle I ever got was pretty darn kludgy but you know I just love the idea that you could just download any book on the your kludgy device will you know whenever you whenever you were in a Wi-Fi area and and I and you and you just saw how that device got better and better each iteration and so I just think about that with these with these virtual reality headsets I mean they're clumpy their clunky their kludgy it's kind of embarrassing to be have a picture of you taking them but you know just you can imagine already know how much they've improved over the last couple of years and just think ahead is it possible the next five to seven years it's going to be just it's going to be like putting on a pair of sunglasses I think that's what we should be thinking about if you can easily put on a pair of sunglasses and and enter the metaverse and have you know share a virtual you know in presence experience that sounds but that sounds odd or not but you can do that, I think a lot of people will do that and you know the education the work applications around that so I'm very intrigued by that. Jason: [52:28] So you're saying that that could be chewy.com to Google Glasses pets.com. Mark: [52:36] Yes yes I love that yes I hadn't thought about that way yeah and by the way I've got my Google Glass here you know I'm. Got that I got that early version I got the Amazon Fire Phone you know but just be the the early failures sometimes see these I mean they're kind of in the right direction I don't know exactly what there's a there's a backstory to Google Glass that we only partially know but anyway they have the concept is there and and you know the big iterations that these products do get better and as they get better easier cheaper lighter cooler you know like Main Street cooler not Silicon Valley cooler then then markets can appear. Scot: [53:17] I think that's something the three of us have in common I think the three of us are probably the only people that ordered and probably still own an Amazon Fire Phone. Jeff Ellis. Mark: [53:29] And I've Got My Socks.com puppet to it's in my office I put the hits I got it as a warning. Scot: [53:31] I have one of those too yeah we all I guess we all have one of those too. Jason: [53:36] That that puppet ended up being the most valuable asset from pets.com sidenote like I don't know if you followed it but there was there was there was a whole intellectual property fight with Triumph the comedy dog and all that stuff yeah. Unattended value unintended value creation. Scot: [53:53] Mark were you you know we've used up about an hour of your time we really appreciate you coming on the show to tell us about the book when's it come out where can people find it do you do you want them to order from that Seattle bookstore that we've been chatting about. Mark: [54:09] So yeah and thanks Scott Jason I've always enjoyed listening to your show I did tell you it beginning I your analysis recently all birds and Warby Parker I took the heart because I initiated Warby Parker as an analyst but I after after I've seen what your thoughts were on it. So thanks for having me on the show and to talk about the book nothing but Net 10 Timeless stock-picking lessons from one of wall Street's top Tech analyst I just like to nothing but net on a big Hoops fan. And my kids are hoops and that's been my email pack lines there's a lot of meaning for me in that that title it is available wherever fine literature is sold it is available on Amazon it's the it's a top bestseller now and in the business category so I've been I've been just it was just a it was a labor of love for me and throw like a chance to talk with both of you about it because you've lived through the sister just as much as I have and it's fascinating the lessons we can draw from. Jason: [55:01] Well Mark is been entirely our privilege and it's a great sign that you know just halfway through your career you had enough material for an amazing book so I can't wait to read the the sequel after the next half. Mark: [55:13] All right I will talk with will do it again in 25 years. Jason: [55:18] I'm booking it right now. Scot: [55:20] Bring our sock puppet are and pets.com puppets in our Amazon Fire Phone. Mark: [55:24] That's. Jason: [55:25] Yeah everyone else will be living in the metaverse at that point in no one's going to get it but it's cool. But Mark really appreciated your time and until next time happy commercing!

Driven By Insight
Kris Mikkelsen, EVP of Investment Sales, Aaron Appel, SMD of Capital Markets, and Ivy Zelman, EVP of Research & Securities

Driven By Insight

Play Episode Listen Later Nov 20, 2021 58:16


State of CRE - Walker & Dunlop's Experts' Outlooks on Debt, Equity, and Investment Sales It's time to do a deep dive on the state of commercial real estate! Willy was joined by Walker & Dunlop's very own experts to provide a 360 view of the industry. Find out what trends you should be taking seriously in property sales, financing, and more:   Kris Mikkelsen, Executive Vice President, Investment Sales, who oversaw $15B+ in property sales over the past two years, will discuss the top 10 multifamily markets, the impact of cap rate compression, and who is buying and selling.  Aaron Appel, Senior Managing Director, Capital Markets and regular on Commercial Observers Power Finance list, will cover what he sees in New York City and beyond and the state of the office, retail, industrial, and more. Ivy Zelman, Executive Vice President, Research and Securities, and one of Barron's Top 100 Women in U.S. Finance, will touch on housing market trends and what impact the infrastructure bill may have on housing. GET NOTIFIED about upcoming shows: » Subscribe to our YouTube channel here: https://www.youtube.com/channel/UC5jhzGBWOTvQku2kLbucGcw » See upcoming guests on the #WalkerWebcast here: https://www.walkerdunlop.com/webcasts/ RELATED WEBCASTS: Tune in on Wednesdays for fresh perspectives about leadership, business, the economy, commercial real estate, and more! #WillyWalker hosts a diverse network of leaders as they share wisdom that cuts across industry lines. Guests include prominent CEOs, academics, high-ranking government officials, and sports heroes. Check out our previous videos: » Full playlist: https://www.youtube.com/playlist?list=PL_QkMqEzOkzNmWUe9kpfRJ4213jIh6LNk » "Aim for excellence" - Producer Allyn Stewart on the business of making a blockbuster movie: https://www.youtube.com/watch?v=Gu4Hv7DgjzM » Business of well-being - Principal Financial CEO Dan Houston on retirement and his career journey: https://www.youtube.com/watch?v=TTvC3OQxv_k Follow us: » LinkedIn: https://www.linkedin.com/company/walker-&-dunlop/ » Facebook: https://www.facebook.com/WalkerDunlop » Twitter: https://twitter.com/WalkerDunlop » Instagram: https://www.instagram.com/walkerdunlop/ Subscribe: » Newsletters: https://explore.walkerdunlop.com/subscribe

Guggenheim Macro Markets
Episode 2: November 17, 2021

Guggenheim Macro Markets

Play Episode Listen Later Nov 17, 2021 26:18


In this week's podcast, our experts discuss recent inflation data and its potential impact on monetary policy, record deal flows in real estate, and the outlook for credit risk and return. Featuring Matt Bush, Director and U.S. economist; Jenny Marler, Senior Managing Director and Head of Guggenheim Real Estate; Maria Giraldo, Managing Director and investment strategist in the Macroeconomic and Investment Research Group in discussion with Jay Diamond, Head of Thought Leadership.

Bloomberg Businessweek
Evercore Analyst Mahaney's Guide to Tech Investing

Bloomberg Businessweek

Play Episode Listen Later Nov 12, 2021 17:21


Mark Mahaney, Senior Managing Director and Head of Internet Research at Evercore ISI, discusses his book "Nothing But Net: 10 Timeless Stock-Picking Lessons from One of Wall Street's Top Tech Analysts.” Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Modern Career
Episode 29: Leadership Profile with Eva Sage-Gavin, Former Senior Managing Director, Talent & Organization Practice at Accenture

Modern Career

Play Episode Listen Later Nov 10, 2021 34:27


In our Leadership Profile series, Mary connects with Eva Sage-Gavin. Eva is a former CHRO and has served in top HR and C-suite leadership roles at many of the world’s well-known Fortune 500 companies, including PepsiCo, The Walt Disney Company, and Gap Inc. Eva most recently was the Senior Managing Director, Talent & Organization Practice at Accenture helping companies evolve their workforces to innovate, unlock human potential, and drive transformation. In this episode, Mary and Eva discuss how changing industries, functions and geographic experience gives you more choice and opportunity and can make you more resilient. They also discuss the importance of cracking open doors and bringing people with you so your legacy continues to pay it forward, what characteristics can make someone a really great leader in today's context and much more. Eva was also a senior advisor to the Boston Consulting Group and the G100 Network and was the first woman to serve on a public technology company board. She is currently an executive in residence at Cornell's School of Industrial and Labor Relations and Santa Clara University’s Leavey School of Business. Eva has received many honors -among them: the National Association of Corporate Directors as one of the most influential leaders in corporate governance boardrooms, the Silicon Republic named Eva as a top 16 Future-of-Work Influencer and HR Executive named her as a Top 100 HR Tech Influencer. Eva is also the recipient of Cornell University ILR School William B. Groat Award for lifetime achievement in Human Resources. Resources mentioned in the episode: * ​Ruth Bader Ginsberg book My Own Words

Built for Change
Brewing Up Innovation in the Cloud

Built for Change

Play Episode Listen Later Nov 10, 2021 26:36


What is the cloud? Sure, it's a place where photos and files can be stored for quick, easy and affordable access, but do companies understand what's really possible in the cloud? In this episode, we learn that it can even help a brewery that has been in operation for more than 170 years pour the best possible pint of beer. We will discuss how companies can tap into the potential of the cloud today, so they are well-positioned to take advantage of the new opportunities that the cloud will offer in the future. We will speak with: Karthik Narain, Senior Managing Director and Lead for Accenture Cloud First; Sarah Haywood, Chief Information Officer at the Carlsberg Group; and Zoran Gojkovic, Director of Brewing Science and Technology at the Carlsberg Research Laboratory.

Let's Talk Future™
Fight or Flight: A Conversation About Market Risk

Let's Talk Future™

Play Episode Listen Later Nov 1, 2021 18:05


In this episode, “Fight or Flight: A Conversation with Doron Barness about Market Risk,” Doron Barness, Senior Managing Director and Global Head of Equity Trading and Distribution, and Jane Ross, Managing Director of Investment Banking, both of Oppenheimer, discuss current market concerns including inflation, labor shortages, and China as well as the possible threats lurking in 2022. Podcast Disclosure: This podcast is the property of Oppenheimer & Co. Inc. and should not be copied, distributed, published or reproduced, in whole or in part. The information/commentary contained in this recording was obtained from market conditions and professional sources, and is educational in nature. The information presented has been derived from sources believed to be reliable but is not guaranteed as to accuracy and does not purport to be a complete analysis of any strategy, plan, security, company, or industry involved. Opinions expressed herein are subject to change without notice. Oppenheimer has no obligation to provide any updates or changes. Any examples used in this material are generic, hypothetical and for illustration purposes only. All price references and market forecasts are as of the date of recording. This podcast is not a product of Oppenheimer Research, nor does it provide any financial, economic, legal, accounting, or tax advice or recommendations. Any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. Securities and other financial instruments that may be discussed in this report or recommended or sold are not insured by the Federal Deposit Insurance Corporation and are not deposits or obligations of any insured depository institution. Investments involve numerous risks including market risk, counterparty default risk and liquidity risk. Securities and other financial investments at times maybe difficult to value or sell. The value of financial instruments may fluctuate, and investors may lose their entire principal investment. Prior to making any investment or financial decisions, an investor should seek advice from their personal financial, legal, tax and other professional advisors that take into account all of the particular facts and circumstances of an investor's own situation. The views and strategies described may not be suitable for all investors. This report does not take into account the investment objectives, financial situation or specific needs of any particular client of Oppenheimer or its affiliates. This presentation may contain forward looking statements or projections regarding future events.  Forward-looking statements and projections are based on the opinions and estimates of Oppenheimer as of the date of this podcast, and are subject to a variety of risks and uncertainties as well as other factors, including economic, political, and public health factors, that could cause actual events or results to differ materially from those anticipated in the forward-looking statements and projections.  Past performance does not guarantee future results. The performance of a benchmark index is not indicative of the performance of any particular investment; however, they are considered representative of their respective market segments.  Please note that indexes are unmanaged and their returns do not take into account any of the costs associated with buying and selling individual securities.  Individuals cannot invest directly in an index. Oppenheimer Transacts Business on all Principal Exchanges and Member SIPC  3869440.1

The Logistics of Logistics Podcast
The Great Logistics Industry Consolidation with Chris Wofford

The Logistics of Logistics Podcast

Play Episode Listen Later Oct 27, 2021 43:35


The Great Logistics Industry Consolidation with Chris Wofford Chris Wofford and Joe Lynch discuss the great logistics industry consolidation. Chris is the Founder and Managing Partner of Wofford Advisors LLC, a strategic advisory boutique that provides best-in-class strategic advice to clients competing in the global supply chain, which includes all forms of transport, logistics, B2B and B2C movements of goods — and increasingly tech-enabled consumer and industrial services. About Chris Wofford Chris Wofford is the Founder and Managing Partner of Wofford Advisors LLC, an independent, strategic advisory boutique focused on M&A transactions in B2B and B2C movement of goods in the global supply chain. Chris started his career in the M&A group at DLJ-LA under Ken Moelis. His career path is unusual for having spent 10 years as a M&A banker prior to becoming the lead coverage officer in T&L. As a senior banker, he has run numerous industry groups at major investment banks for the past 30 years. He has executed over $120bn of buyside and sellside M&A assignments, including numerous cross-border transactions. Chris earned an MBA, Finance & Strategy, Booth School of Business from University of Chicago and a BA, History & East Asian Studies at Oberlin College. While at Oberlin Chris was All-Conference & Most Valuable Offensive Lineman, Varsity Football Team; Twice All-Conference & Captain, Varsity Lacrosse Team. About Wofford Advisors Wofford Advisors is an independent advisory firm focused on strategic idea generation and M&A transaction execution within the global supply chain and tech-enabled services sectors.  We have a proven track-record of delivering successful outcomes for large public companies, family-owned businesses, as well as financial sponsors.  Our team's M&A expertise ranges in size from $50 million to $50 billion enterprise value and encompasses contested and cross-border transactions. Founded by Chris Wofford, former head of Transport & Logistics Investment Banking at large financial institutions, such as Wells Fargo, Bank of America and Macquarie Capital, the firm reunites former colleagues from the earlier Bear Stearns M&A days, where Chris was a Senior Managing Director.  During his 30+ year career, Chris has represented major corporations, such as UPS, FedEx, Ryder, Neptune Orient Lines (APL Logistics), GENCO, Norbert Dentressangle (now part of XPO/GXO), Ozburn-Hessey (now part of Geodis) and many others. Wofford Advisors' core services include Buyside Advisory, Sellside Advisory, Strategic Consulting and Complex and Cross Border Transactions.  Please visit our website for a more comprehensive explanation of our credentials and capabilities. Key Takeaways: The Great Logistics Industry Consolidation  Chris Wofford is the Founder and Managing Partner of Wofford Advisors, an independent, strategic advisory boutique focused on M&A transactions in B2B and B2C movement of goods in the global supply chain. Chris Wofford explains what's driving the great logistics industry consolidation, along with who is buying and who is selling. The great logistics industry consolidation is being driven by: The growth of ecommerce and home delivery (B2B shift to B2C) Tech disruption especially by companies backed by venture capital Low cost of borrowing money The hot logistics market is enabling financial buyers to buy, grow, and sell companies in a much faster time period (2-3 years instead of 3-5 years) Who is buying? Private equity companies who buy, grow, and sell logistics and transportation companies Larger companies that want to better serve their customers by adding new services, geographic footprint, capability, etc. Big logistics and transportation companies often face the choice of building new divisions/services or buying a company to gain those services Who is selling? Private equity companies who buy, grow, and sell logistics and transportation companies Entrepreneurs and family owned companies looking to exit Wofford Advisors was established as a platform to provide best-in-class strategic advice to clients competing in the global supply chain, which includes all forms of transport, logistics, B2B and B2C movements of goods — and increasingly tech-enabled consumer and industrial services. Learn More About The Great Logistics Industry Consolidation Chris Wofford LinkedIn Woffor Advisors LinkedIn Wofford Advisors The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube

Action and Ambition
Joe Endoso Helps to Grow Companies and Aggregated $70 Million Dollars from Small Investors Through LINQTO

Action and Ambition

Play Episode Listen Later Oct 22, 2021 39:07


Welcome to another episode Action and Ambition. Today, we invited Joe Endoso. Joe is a seasoned executive and entrepreneur at various companies. He is the Chief Revenue Officer and Board Member at LINQTO, Senior Managing Director at Enverra Partners, Former Chief Financial Officer at Bosonic, Founder and Managing Partner at RedBridge Group, and the Former Managing Director, and Global Head at ABN AMRO Investments. Joe's experience with the investment and banking world is unquestionable, and through this experience allowed him to help small investors grow their assets through LINQTO. They aggregated $70 million dollars from small investors and they invested them in 26 companies and upcoming 6 companies that are in the process of going public! Currently, a qualified investor needs $10,000 to invest on their platform. However, Joe is relentless in his pursuit to democratize the investing space aiming to lower the minimum investment required even further! Tune in to this episode as Joe shares his investing journey, vision, and how he aims to revolutionize the investing space. Don't miss this out! You'll love this!

THINK Business with Jon Dwoskin
Coffee with Jon: Morning Caffeine For Your Business - The Importance of Planning

THINK Business with Jon Dwoskin

Play Episode Listen Later Oct 20, 2021 6:33


Join us in this BREWtiful day as Jon and Kevin Dillon, Senior Managing Director of Berkadia, talks about the importance of planning and business planning. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin  Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/  LinkedIn: https://www.linkedin.com/in/jondwoskin/  Email: jon@jondwoskin.com  Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!

THINK Business with Jon Dwoskin
Coffee with Jon: Morning Caffeine For Your Business - Talking Teamwork

THINK Business with Jon Dwoskin

Play Episode Listen Later Oct 19, 2021 6:20


Join us in this BREWtiful day as Jon and Kevin Dillon, Senior Managing Director of Berkadia, talk about teamwork and collaboration. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin  Instagram: https://www.instagram.com/thejondwoskinexperience/ Website: https://jondwoskin.com/  LinkedIn: https://www.linkedin.com/in/jondwoskin/  Email: jon@jondwoskin.com  Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!

Leaders in the Trenches
Become a Leader Worth Following with David Bezar at Thrive Financial Services

Leaders in the Trenches

Play Episode Listen Later Oct 19, 2021 21:19


Leadership is more than a role. Those that have risen the ranks of companies may believe that leadership is about finally making it. But the reality, it takes more than most leaders are willing to give to becoming a leader worth following. Today's guest is David Bezar, Senior Managing Director at Thrive Financial Services. Inc Magazine ranked his company #1503 on the 2021 Inc 5000 list. Thrive Financial is a client-first, independent, wealth management firm. David talks about what it takes to become a leader worth following. We look at various parts of leadership. David also shares what often gets in his way. Discover what it takes to become a leader worth following. Get the show notes for Become a Leader Worth Following with David Bezar at Thrive Financial Services Click to Tweet: Listening to a fantastic episode on Growth Think Tank featuring #DavidBezar with your host @GeneHammett https://bit.ly/gttDavidBezar801 #BecomeALeaderWorthFollowing #1Inc5000 #GeneHammettPodcast #GHepisode801 #GTTepisodes #Podcasts #IncList2020 Give Growth Think Tank a review on iTunes!

THINK Business with Jon Dwoskin
Coffee with Jon: Morning Caffeine For Your Business - Talking Commercial Real Estate

THINK Business with Jon Dwoskin

Play Episode Listen Later Oct 15, 2021 6:42


Join us in this BREWtiful day as Jon and Kevin Dillon, Senior Managing Director of Berkadia, talks about commercial real estate. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin  Instagram: https://www.instagram.com/thejondwoskinexperience/  Website: https://jondwoskin.com/  LinkedIn: https://www.linkedin.com/in/jondwoskin/  Email: jon@jondwoskin.com  Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!

Energy Radio
Energy Radio Rewind Episode 1

Energy Radio

Play Episode Listen Later Oct 13, 2021 49:25


In our first episode of Energy Radio Rewind we revisit some of our earlier episodes to highlight some of our fantastic guests and their adventures in the energy industry. As part of CEM's 30 by 30 initiative which was started by Engineers Canada aimed at raising the percentage of women in engineering by 30% by the year 2030, we decide to pull some of our favorite clips from podcasts of 4 incredibly talented women and put them together in our first episode of Energy Radio Rewind. 1- Episode 26 – "Shut it down" – Decommissioning Pickering Nuclear Generating Station, featuring Carla Carmichael the VP of Nuclear Decommissioning Strategy at Ontario Power Generation. 2- Episode 39 – "I Spy Energy" featuring Emily Beck of I Spy Energy. 3- Episode 46 – "Dam Power" - featuring Shawna Pachal is the Senior Managing Director at Manitoba Hydro 4- Episode 57 – "From Hospitality to Construction" Melissa is now a General Contractor's Assistant with Valley Contracting & Renovations.

Syndication Made Easy with Vinney (Smile) Chopra
How To Get Started As A Loan Broker

Syndication Made Easy with Vinney (Smile) Chopra

Play Episode Listen Later Oct 13, 2021 37:21


How To Get Started As A Loan Broker with Special Guest: Brandon Brown! Brandon Brown is a Senior Managing Director, Capital Markets with Marcus & Millichap Capital Corporation with expertise in sourcing debt, mezzanine, and equity for all commercial property types including multifamily, office, retail, industrial, and self-storage. Additionally, he has formed strong relationships with capital sources including local and national banks, life insurance companies, CMBS lenders, agencies, pension funds, and private equity firms. Prior to joining Marcus & Millichap, Mr. Brown served as a Managing Partner at LMI Capital, and has over 20 years of real estate finance and transactions experience. Mr. Brown graduated from Texas State University with a Bachelor of Business Administration. Mr. Brown is an active member of the International Council of Shopping Centers, Mortgage Bankers Association, and National Multi-Housing Council. Invest NOW with Vinney, Learn NOW from Vinney! Book your FREE Strategy Call NOW! Go to this link: https://calendly.com/jonroosen/ Check out Mr. Vinney Smile Chopra at: https://vinneychopra.com/ Invest Passively in Senior Housing: https://seniorlivinginvesting.co/ Contact Me Here For more info: https://vinneychopra.com/contact-vinney/  vinney@vinneychopra.com  

THINK Business with Jon Dwoskin
Coffee with Jon: Morning Caffeine For Your Business - Talking Multifamily Real Estate

THINK Business with Jon Dwoskin

Play Episode Listen Later Oct 13, 2021 5:03


Join us in this BREWtiful day as Jon and Kevin Dillon, Senior Managing Director of Berkadia, talks about multifamily real estate. Connect with Jon Dwoskin: Twitter: @jdwoskin Facebook: https://www.facebook.com/jonathan.dwoskin  Instagram: https://www.instagram.com/thejondwoskinexperience/  Website: https://jondwoskin.com/  LinkedIn: https://www.linkedin.com/in/jondwoskin/  Email: jon@jondwoskin.com  Get Jon's Book: The Think Big Movement: Grow your business big. Very Big!

Internal Comms Procast
Clear Communication with a Hybrid Workforce - 6.2

Internal Comms Procast

Play Episode Listen Later Oct 5, 2021 45:51


As we're settling into a new normal, remote and hybrid work environments are becoming more prevalent. How can you keep up with your clear employee communication when everything feels like it's shifting? We chat with Clifton Johnson, Senior Managing Director at Teach for America. Working in a hybrid environment himself, Clif shares how his company handles their communications and offers tips on how you can start planning your own method. We're continuing our new segment with Ragan's Communications Leadership Council with Halley Knigge, Director of Co-op Communications at REI. We focus on remote work as Halley explains how they've used this new normal to drive success for both her company and her customers. You can find our resource guide as well as our guests' contacts on our associated blog page: www.internalcommspro.com/shownotes You can learn more about Ragan's Communications Leadership Council on their website: https://commscouncil.ragan.com/ Music Provided by Bensound

The FORT with Chris Powers
RE #174: Laird Sparks - Sr. Managing Director, Development at Greystar

The FORT with Chris Powers

Play Episode Listen Later Oct 5, 2021 85:45


Laird Sparks is a Senior Managing Director for Greystar Development and Construction Services, with responsibility for multifamily development in the Central North Region. He joined Greystar in 1998, holding various positions across multiple disciplines prior to joining the development team. Laird has been involved in all aspects of the Greystar business, including third-party property management, development, renovation, acquisitions, refinance and dispositions, and the asset management of approximately 20,000 apartment units with a capitalized value of approximately $2.5 billion. On this episode, Chris and Laird discuss the behemoth that is Greystar, their work in Texas, conventional multifamily age-restricted developments, the explosion of Single-Family Rentals, student housing, Industrial, and much more. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ (03:56) -  Laird's Career Story and How Greystar Has Evolved Since Being There in 1998 (05:47) - How is Greystar set up from the national level to the regional level? (06:53) -  What does your office do and what's your role? (07:37) - What's changed about development over the past 14 years? (09:35) - Are there amenities that are becoming obsolete? (10:41) - Did you primarily do deals in the core during this cycle? (11:37) - What markets do you play in? (12:46) - Are entitlements in suburban markets tougher to get? (14:25) - What are the differences between urban and suburban facilities? (15:48) - Workforce Housing (16:56) - Is there anything from a cost perspective on the horizon that excites you? (20:24) -  What makes up the bulk of cost increases? (21:07) - What are the factors in labor cost increases? (22:09) - What's driving the massive jump in rents since Covid? (24:53) - Are we anywhere close to meeting demand in apartment developments for DFW? (25:37) -  How much do property taxes impact deals? (27:02) -  Is there anything different about this cycle from the others you've experienced?  (28:56) - Are there any permanent changes you're making in your products in light of the pandemic? (30:19) - Why is SFR so hot right now? (34:00) - Is there anyone doing luxury SFR? (36:35) - SFR Tenant Demographics (37:17) - Leasing Factors (37:49) - How are capital markets looking at SFR? (39:36) - Is there talk about not taking the merchant developer route with SFR's? (42:33) -  How do you define age-restricted deals? (47:13) -  Student Housing (49:38) - Senior vs. Student Demand in Regards To Capital Markets (51:47) - Thoughts on Industrial (56:01) - Is the data you have across different asset classes helpful or is it pretty siloed? (58:55) - How is Texas positioned vs. the rest of the country? (1:00:37) -  Getting a Deal Done in CA vs. TX (1:02:45) - What metrics matter most to you when underwriting a deal? (1:04:41) - Have the basis point spreads between what you're building to and what you're exiting on changed drastically? (1:06:30) - How are 10-year hold deals structured if you're underwriting a Merchant Development deal?  (1:08:20) - Thoughts on Opportunity Zones (1:10:03) - Property Management (1:15:52) - Is there anything that keeps you up at night or risks in the market? (1:17:41) - Has Social Media been a major player in making the developer a ‘villain'? (1:22:09) - Is crowdsourcing the future? The FORT is produced by Johnny Peterson & Straight Up Podcasts

Análisis BIVA
Análisis BIVA ASG T2 EP19 con Ana Heeren de FTI Consulting

Análisis BIVA

Play Episode Listen Later Oct 5, 2021 22:57


En esta nueva entrega de Análisis BIVA ASG nos acompaña Ana Heeren, Senior Managing Director de FTI Consulting, quien nos plática sobre el contexto actual en políticas ASG, el barómetro de resiliencia, las oportunidades en el mercado local y las iniciativas para combatir la brecha salarial y de género.Conducido por María Ariza. See acast.com/privacy for privacy and opt-out information.

THE Leadership Japan Series by Dale Carnegie Training Tokyo,  Japan
430: Interview with Dr. Greg Story (Part One)

THE Leadership Japan Series by Dale Carnegie Training Tokyo, Japan

Play Episode Listen Later Sep 22, 2021 51:08


Dr. Greg Story, President of Dale Carnegie Training Tokyo Japan, sits down with Andrew Hankinson, Senior Managing Director at ZWILLING J.A. HENCKELS Japan Ltd. and podcast host of Now and Zen to talk about his valuable insight in leading in Japan, with a focus on presentations in Part One. Part two will focus on sales.   Dr. Greg Story has been working in Japan for 36 years in various leadership roles. He has written two books, Japan Sales Mastery and Japan Business Mastery, hosts six different podcasts, and is a master trainer in soft skills development including sales, presentation, and leadership.   Dr. Story calls himself a perpetual student with a constant thirst for learning. As someone that struggled during his early years to get his career started, Dr. Story finds joy in helping people maximize their professional careers.   Dr. Story explains that public speaking skills are essential if you want to have influence on people – from leading projects, making financial decisions, or even deciding what to eat for lunch. Dr. Story admits, he himself had been fearful of public speaking and avoided it until his early thirties. But nobody is born a natural public speaker and the skill can be developed through training. The High Impact Presentation course delivered by Dale Carnegie Training takes two days for people to dramatically improve their presentation skills. Dr. Story explains that with two instructors and massive coaching in an incredibly safe, critique-free environment, this is made possible   Dr. Story claims nerves due to public speaking can also be controlled through techniques like deep breathing and burning off energy. He recommends having the first few minutes of the presentation well-organized with a strong beginning. He adds to never apologize and keep one's composure and audiences will not notice any minor blunders. When facing a hostile audience during Q&A sessions, Dr. Story recommends paraphrasing the question before answering it. He also advises to take a few seconds before answering the question and make eye contact with individuals in the crowd for six seconds each. In this way, the focus is not on the individual asking the question but the entire audience.   Being clear, concise, and valued are some of the top qualities people want to achieve in the High Impact Presentation course. In order to have a clear key message in presentations, Dr. Story asks people “if we could write the punchline of your talk on a rice grain, what would we say?.” Once the main point is determined, he advises to work backwards to design the context, background, evidence, and opening of the speech. Dr. Story highlights the importance of having a strong opening and enthusiasm to get the audience engaged and excited.   Even when attending other people's talks, Dr. Story recommends being prepared to talk and ask questions to the speaker to be ready to speak on the spot.   Next week we will continue to Part Two of Dr. Story's interview in the Leadership Japan Series!

The Executive Compensation Podcast
Special Awards in Executive Compensation feat. Donald Kalfen, Partner, and George Paulin, Senior Managing Director at Meridian Compensation Partners

The Executive Compensation Podcast

Play Episode Listen Later Sep 22, 2021 26:23


Donald Kalfen, Partner, and George Paulin, Senior Managing Director at Meridian Compensation Partners, are the featured experts on this episode of The Executive Compensation Podcast. They each have decades of experience advising private and public companies on the design, implementation, and administration of executive compensation programs. In this episode, Donald and George shed light on what special awards are and how they are used in relation to executive compensation programs. They frame their discussion around Meridian's research, keeping track of special awards of $10 million or more, and provide insight into how various stakeholders such as shareholders and proxy advisors view special awards. You'll learn why companies use special awards, how they are designed, and how using special awards can affect Say on Pay vote outcomes. Donald and George also provide advice on engaging with other shareholders if ISS and Glass Lewis recommend against Say on Pay and institutional investors follow in lockstep. After you listen, connect with Donald Kalfen and George Paulin on LinkedIn. This episode is brought to you by Meridian Compensation Partners. Learn more by visiting MeridianCP.com.

The FORT with Chris Powers
RE #172: Vince Knipp - Senior MD Investments at Marcus Millichap - Single Tenant NNN Retail Assets 101

The FORT with Chris Powers

Play Episode Listen Later Sep 21, 2021 78:49


Vincent Knipp is a Senior Managing Director of Investments in Marcus & Millichap's Dallas office, where he specializes in net lease investment sales across the United States. Knipp has been the #1 Net Lease Agent in Texas and consistently ranks in the Top 10 Nationally within Marcus & Millichap's National Retail Group. Over the course of his career, he has closed more than 350 transactions totaling nearly $1 billion in volume in 29 states. On this episode, Chris and Vince discuss the market for single-tenant NNN assets, 1031's, what makes a good investment in this asset class, what makes a great broker, and a lot more. Enjoy! Follow Chris on Twitter: www.Twitter.com/FortWorthChris Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/ (02:14) - Vince's Upbringing and Early Career (05:11) - What were your first years as a broker like? (07:06) - What's the mythical ‘database' that all Marcus agents build? (08:20) - What did Marcus teach you about making your first calls as a broker? (10:19) - What makes great retail? (12:47) - Why do you put all the multi-tenant buildings with your partner? (15:33) - Who are the typical sellers you work with? (19:56) - Who are the typical buyers you work with? (21:32) - How do you value a property in a major metro vs. a smaller town? (24:14) - In markets where rents are growing quickly, are there a lot of buyers who will buy on a 2 cap and wait it out? (27:01) - Ground Leases vs. Fee Simple Deals (29:04) - What usually happens when a tenant leaves their building? (30:33) - Are all of these leases pretty much the same? (32:51) - Percentage Rent Clauses (33:54) - Rent-to-Sales Ratios (36:44) - Why do people leave? (38:02) - What other factors are there in leases that are desirable? (39:54) - Why do sales go down and is it usually tenant-specific? (41:33) - How much do you pay attention to the specific products your tenants sell? (42:29) - Are there ever demands from tenants that they'll only sign unless you agree to not sell the building? (43:40) - How much does access matter to you, tenants and customers? (43:35) - All-for-One, One-for-All Scenarios of Tenants (46:26) - What are tenants requesting now that we've been through Covid? (48:39) - Has the upsurge in drive-through changed things permanently? (51:52) - Are cosmetic upgrades usually on the operator and not the landlord? (53:24) - What do you tell people in a transaction that costs 2x more than replacement costs?  (54:40) - Are there any up-and-coming tenants you have your eye on? (56:05) - How do you conduct due diligence without ever seeing the property in person? (57:48) - Do ghost kitchens make you nervous? (58:51) - What's your favorite deal you've ever done? (1:01:51) - Will you do deals anywhere or are you only based in Texas? (1:02:32) - Is there a reason you've stayed with Marcus for so long? (1:04:17) - Is there a way to share information across all of Marcus' agents? (1:05:45) - Is there anything in the industry that still really excites you after being in it for 15 years? (1:07:20) - Underwriting Deals with a Franchisee vs. a Franchiser (1:09:16) - What can go wrong once you're under contract? (1:11:34) - How much volume are you expecting for the rest of 2021? The Knipp Group Mailing list (1:13:20) - How do you sell a ‘party center' deal? (1:15:31) - What advice would you give to people getting into the industry today? The FORT is produced by Johnny Peterson & Straight Up Podcasts

CFA Society Chicago
Investment Exchange Forum – Climate Change & Investing

CFA Society Chicago

Play Episode Listen Later Sep 16, 2021 40:25


CFA Society Chicago member Rich Excell, CFA, talks with Aon's Senior Managing Director, Liz Henderson and Managing Director, Katie Sabo about how companies and investors should model the effects of climate change on risk management. Connect with Rich on LinkedIn https://www.linkedin.com/in/richexcellcfa/ and Twitter @ExcellRichard  Connect with Liz on LinkedIn https://www.linkedin.com/in/liz-henderson-025a628/ Connect with Katie on LinkedIn https://www.linkedin.com/in/katie-sabo-1336051a5/ Resources https://www.aon.com/reinsurance/wcc/default.jsp https://www.theclimateservice.com/ For more episodes go to www.cfachicago.org/podcasts

Innovation in Compliance with Tom Fox
Looking Back at 9/11: Scott Moritz - It Changed Overnight

Innovation in Compliance with Tom Fox

Play Episode Listen Later Sep 10, 2021 21:11


Scott Moritz is Tom Fox's guest on this episode of Looking Back at 9/11. Scott is the Senior Managing Director at FTI Consulting Risk and Investigations, assisting clients and their outside counsel in managing their response to white collar crime, misconduct and bribery incidents. He is also the host of the podcast series, Fraud Eats Strategy. Scott joins Tom to talk about how the events of 9/11 impacted the FBI. How 9/11 Changed The FBI: Structural and Cultural Ambidexterity 9/11 fundamentally changed the FBI overnight. Scott remarks that for a long time after 9/11, the FBI was primarily focused on the attack on the Trade Center. That was the Bureau's main investigation, and it was being worked on by all the FBI field offices, and virtually every foreign attache office in the world. Many scholars, through various organizational studies and surveys, assumed that the FBI would have created simultaneous frontline structures and processes to balance their two competing missions: national security and law enforcement. The scholars also posited that perhaps the FBI would engage in cultural ambidexterity, which would be to refuse to take on the mission of national security altogether. The FBI did something altogether unexpected and tackled both.  The Benefit of One Agency “There was this rapid emergence of two clear, but distinct, identities, and eventually, you know, one new unified identity FBI, but some changes where, terrorism cases were centralized at headquarters...This was a big departure from the way that the FBI normally operated,” Scott tells Tom. By staying as a single agency, the FBI had better access to local law enforcement agencies and could take better advantage of defendants with information that could advance the national security mission. A Shift In The Private Sector Tom asks Scott to talk about any changes in the private sector he was personally involved in. The major change in the private sector post-9/11, especially with respect to financial institutions, was the induction of the Patriot Act which also paved the way for other significant changes. Financial Institutions and broker dealers had to harden the security of buildings and supply chains across the country's infrastructure. There was also the explosion of no fly lists, watch lists and terrorist watch lists. Banks, building owners and brokerage companies had to navigate these systems often, and quickly. Scott was very involved in helping these institutions in their anti money laundering obligations, as well as their security obligations.  Looking To The Future Tom asks Scott to share some reflections on 9/11, and for the future. Scott remarks that post-9/11, the country was more united and people were more compassionate to one another. The best of humanity in forms of kindness and outpouring of love was seen not just from Americans to each other, but from the rest of the world to America. He hopes that someday he can see that kind of love and unity again.  Resources Scott Moritz | LinkedIn | Twitter Fraud Eats Strategy Texas Tax rate at 80% of 8.25%

Stanford Radio
Rich Kushel, Stanford alum and Senior Managing Director at BlackRock

Stanford Radio

Play Episode Listen Later Sep 6, 2021 28:00


Full title: Rich Kushel, Stanford alum and Senior Managing Director at BlackRock on how the world's biggest investor is modeling the economic effects of climate change. Description: BlackRocks's Asset manager BlackRock, makes climate change and environmental sustainability central to its multi-billion dollar investment approach. Originally aired on SiriusXM on September 4, 2021.

ACUMA On The Go
Episode 19 - How the Right Technology is Helping Turn CU Members into CU Mortgage Customers

ACUMA On The Go

Play Episode Listen Later Aug 28, 2021 13:05


Credit Union members are loyal – and CUs work very hard to keep those relationships strong and personal. But with so many options in today's competitive home financing market, the uncomfortable truth is that most members go elsewhere for their mortgages. This is not a new dynamic by any means, but the solutions for bringing members further into your portfolio are both new and powerful. Learn how credit unions are taking a bite out of the mortgage market share by using optimized technology to provide members – and new prospects – with the best possible home-buying or refinancing experience.Black Knight PresenterSean Dugan, Senior Managing Director, Origination Technologies Sales, Black Knight Sean Dugan leads a team of professionals responsible for expanding Black Knight mid-tier client base with technology solutions that enable them to realize greater efficiencies, drive improved financial performance, and better manage operational risk. 

IDEA Collider
IDEA Collider | Kabir Nath

IDEA Collider

Play Episode Listen Later Aug 26, 2021 52:11


Kabir Nath is President & CEO, Otsuka North America Pharmaceutical Business Throughout his career, Kabir has built bridges between cultures. His work has taken him across the globe, spanning 3 continents and multiple countries. Kabir has lived and worked in the United Kingdom, France, Spain, India, Singapore, China, and the United States. He has consistently inspired those around him to go beyond cultural and linguistic differences to bring new concepts and ideas to life, forging stronger partnerships rooted in diverse experiences. For Kabir, leadership is not about having all the answers, rather, it is about creating an environment where Otsuka-people are deeply connected to their purpose, and the patients and families they serve. In his nearly 30 years of broad international biopharmaceutical and medical-device experience, Kabir has shaped strategy to deliver results in complex, challenging business environments at the country, regional, and global level. Otsuka, with its unique blend of Japanese and American cultures, is the place where Kabir puts his purpose into practice daily. Kabir joined Otsuka in March 2016 to head all commercial operations within the North American pharmaceutical businesses. Most recently, Kabir was appointed Senior Managing Director, Global Pharmaceutical Business at Otsuka, with overall operational leadership for the global pharmaceutical business, overseeing North America, Europe, Japan, and the rest of Asia, while continuing to have direct responsibility for the US business. Before joining Otsuka, Kabir held strategic and senior operational roles across several continents at Bristol-Myers Squibb (BMS). He began his career in strategy consulting at Booz Allen & Hamilton before holding a wide range of operational and strategic roles at the medical technology company Smith + Nephew. Kabir holds an MA from King's College, University of Cambridge, and an MBA with Distinction from INSEAD.

Decoding Digital
Decoding Xaas: How to Rethink Business Models to Drive Value and Innovation

Decoding Digital

Play Episode Listen Later Aug 24, 2021 31:52


Is digital transformation essential in a modern business? David Sovie, Senior Managing Director, and Vik Viniak, Managing Director and Senior Partner at Accenture, believe that with transformation comes growth. In this episode, Vik and David discuss why digital business models are critical for success and how companies can rethink their own products and services. Press play to hear David Sovie and Vik Viniak's thoughts on… Improving Products by Making Them Platforms "The reality is that the Tesla car that you have today is actually a better car than three years ago. In the history of the world, that's never been true. It's only when you can have this kind of what I like to call 'evergreen' meaning, it's a continually upgradeable platform that you can actually improve features and functionality over time." —David Sovie The Importance of Persistence “Once you're on this journey, you're all in and you have to stay patient and you have to stay persistent on the journey. You can't just turn around in six months and say these things are not happening fast enough because to turn around a ship, it takes time.” —Vik Viniak  Partnering for Success “I'm a firm believer that you've got to build your ecosystem. You've got to pick the right partners. And then you've got to go all in, whether it's to build a product, whether it's to scale or whether it's to drive growth in the market.” —Vik Viniak

Math Men on the Markets: A Simple Guide to Complex Financial Topics
Year-End Outlook and Factor Investing With Joe Terranova

Math Men on the Markets: A Simple Guide to Complex Financial Topics

Play Episode Listen Later Aug 17, 2021 45:18


Welcome to the August edition of The Due Dilly Podcast. In this episode, Nyle Bayer will be joined by Joe Mallen, Chief Investment Officer, and Joe Terranova, Senior Managing Director and Chief Market Strategist for Virtus Investment Partners.

Trends with Benefits
A Long Term Approach to Investing with Joe Terranova

Trends with Benefits

Play Episode Listen Later Aug 12, 2021 38:48


Ed is joined by Joe Terranova, CNBC contributor on the Halftime Report, Senior Managing Director of Virtus Investment Partners and author of Buy High, Sell Higher to discuss the outlook for long-term investments in today's market.

What The Truck?!?
The spoils of cold chain

What The Truck?!?

Play Episode Listen Later Aug 11, 2021 32:00


On today's episode Dooner and The Dude are coming to you live from FreightWaves Cold Chain Summit. With reefer rates about to crack $4.00/mi, port congestion freezing margins, and industrial space in short supply they'll look into the state of the cold chain supply chain. They're joined by special guests Jonathan Swart, Director, Specialized Operations, Blue Grace Group; Tim O'Rourke, Senior Managing Director, JLL; Meshach Weber, Chief Marketing Officer + Chief Experience Officer, LoadsureVisit our sponsorSubscribe to the WTT newsletterApple PodcastsSpotifyMore FreightWaves Podcasts

FreightCasts
WHAT THE TRUCK?!? EP342 The spoils of cold chain

FreightCasts

Play Episode Listen Later Aug 11, 2021 32:00


On today's episode Dooner and The Dude are coming to you live from FreightWaves Cold Chain Summit. With reefer rates about to crack $4.00/mi, port congestion freezing margins, and industrial space in short supply they'll look into the state of the cold chain supply chain. They're joined by special guests Jonathan Swart, Director, Specialized Operations, Blue Grace Group; Tim O'Rourke, Senior Managing Director, JLL; Meshach Weber, Chief Marketing Officer + Chief Experience Officer, LoadsureVisit our sponsorSubscribe to the WTT newsletterApple PodcastsSpotifyMore FreightWaves Podcasts

AI in Action Podcast
ServiceNow Series E37: William Harrison, Experienced IT Service Management Consultant

AI in Action Podcast

Play Episode Listen Later Aug 6, 2021 22:20


Today's guest is William Harrison, Senior Managing Director at WRH ZSERVICES in Houston, Texas. William is a Hands-on IT Service Management (ITSM) Service Integration SME & independent contractor. He has an established reputation for both strategic and focused ITIL framework & procedural definitions that are based on Digital Capabilities Management Model (DCMM). William's experience comes with extensive accolades from IT management for team-motivating abilities and limiting IT risk, creating and managing lean support teams (KPI based), and establishing creative strategies for optimizing infrastructure operations with financial returns (ROI's) and external customer service focused reliability. In the episode, William will tell you about: Highlights of 20 years working in the field, Why he decided to get into the contracting world, Difference between a permanent and contract employee, How he positions himself in the market, Top tips for stakeholder management, Challenges to be aware of in the gig economy, ITSM trends in the industry, Future of ServiceNow and Digital Transformation

The Acquirers Podcast
China A: Vivek Viswanathan on investing in China "A" shares with Tobias Carlisle on The Acquirers Podcast

The Acquirers Podcast

Play Episode Listen Later Jul 26, 2021 48:18


Vivek Viswanathan, CFA, PhD is Senior Managing Director, Head of Research at Rayliant. Vivek conducts equity, commodity, and asset factor identification research; models economic regimes to inform asset allocation decisions; identifies macroeconomic risk factors that drive asset returns; and publishes research in support of Rayliant's product methodologies. https://rayliant.com/dt_team/vivek-viswanathan/ ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I've launched a new podcast called The Acquirers Podcast. The podcast is about finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Firm: https://acquirersfunds.com/ Website: https://acquirersmultiple.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, bus

KBS WORLD Radio Korea 24
Korea 24 - 2021.07.12

KBS WORLD Radio Korea 24

Play Episode Listen Later Jul 12, 2021


Korea24 – 2021.07.12. (Monday) News Briefing: South Korea began enforcing the toughest Level Four social distancing measures in the greater metro area on Monday amid a new wave of COVID-19 infections. (Eunice Kim) In-Depth News Analysis: Kim Kyung-jin, Senior Managing Director and the Head of Cybersecurity for the Asia-Pacific Region at FTI Consulting and Cho Dongyoun, Assistant Professor at the Department of Military Studies at Seo-kyeong (서경) University, discuss the latest cyberattack on the state-run Korea Atomic Energy Research Institute(KAERI) and what South Korea can do to prevent such attacks from happening again. Going for Gold with Mark Wilson-Choi: Mark delves into the background of the upcoming Tokyo Summer Olympics, how organizers plan to combat the spread of COVID-19, athletes and events to look out for and more. Korea Trending with Walter Lee: An influx of people rushing online to make COVID-19 vaccine reservations locks the system up(백신 예약 사이트, 과부하로 한때 마비…“지금은 정상 복구” ), Seoul City will start towing e-scooters that are illegally parked(서울시, 15일부터 불법주차 전동킥보드 견인), and billionaire Richard Branson successfully makes it to the edge of space and back(영국 억만장자 리처드 브랜슨, 첫 우주관광 성공). Sports: Yoo Jee-ho from Yonhap News Agency talks about the men's Olympic football team playing their final tuneups before the Games, Korean players perform well in the first half of MLB's 2021 season, and the KBO cancels a handful of matches following multiple COVID-19 cases.

HealthcareNOW Radio - Insights and Discussion on Healthcare, Healthcare Information Technology and More
PopHealth Week: Meet Kaveh Safavi MD JD, Senior Managing Director Accenture Health

HealthcareNOW Radio - Insights and Discussion on Healthcare, Healthcare Information Technology and More

Play Episode Listen Later Jul 11, 2021 28:19


Hosts Gregg Masters and Fred Goldstein meet Kaveh Safavi MD JD, Senior Managing Director Accenture Health. A seasoned executive, Dr. Safavi brings more than three decades of leadership experience to our discussion on Accenture's most recent survey of healthcare executives on the state of digital health innovation and challenges. To stream our Station live 24/7 visit www.HealthcareNOWRadio.com or ask your Smart Device to “….Play HealthcareNOW Radio”. Find all of our network podcasts on your favorite podcast platforms and be sure to subscribe and like us. Learn more at www.healthcarenowradio.com/listen/

Futures Radio Show
Micro Oil Futures & CVOL – Derek Sammann

Futures Radio Show

Play Episode Listen Later Jun 23, 2021 39:28


Micro WTI Crude Oil Futures are locked in for a July 12th launch! In this podcast I chatted with Derek Sammann, Senior Managing Director, Global Head of Commodities & Options Products at CME Group about everything traders need to know about Micro Crude Oil Futures. We also discussed one of my favorite trading tools offered […]

Partnering Leadership
Inspiring leadership with Accenture's Marty Rodgers | Changemaker

Partnering Leadership

Play Episode Listen Later Jun 22, 2021 38:20


In this episode of Partnering Leadership, Mahan Tavakoli speaks with Marty Rodgers, Senior Managing Director to US Southeast which is responsible for Accenture's business in 10 states, including Charlotte, Atlanta, and Washington, D.C. Marty Rodgers shares his perspectives on inspiring leaders and service hood to create a successful team culture. Some highlights: -Marty Rodgers shares how constructive criticism can help bring out leadership in you-How Marian Wright Edelman impacted Marty's life and career-Shares how service is a powerful change maker -Marty Rodgers shares how his career steered to becoming one of the best Leaders in AccentureAlso mentioned in this episode:Father Hesburgh, President of the University of Notre Dame from 1952 to 1987Dr. Cliff Wharton, former United States Deputy Secretary of StateMedgar Evers, American civil rights activistMarian Wright Edelman, American activist for children's rightsLeadership without easy answers, by Ronald HeifetzNoel Tichy, American management consultant, author, and educator Connect with Marty Rodgers:Accenture.comMarty Rodgers LinkedInMarty Rodgers Twitter Connect with Mahan Tavakoli:MahanTavakoli.com More information and resources available at the Partnering Leadership Podcast website: PartneringLeadership.com 

Wharton FinTech Podcast
BlackRock's Salim Ramji, Global Head of iShares & Index Investments – Serving 100 Million Investors

Wharton FinTech Podcast

Play Episode Listen Later Jun 21, 2021 38:09


Miguel Armaza sits down with Salim Ramji, BlackRock Senior Managing Director and Global Head of iShares and Index Investments and a member of the firm's Global Executive Committee. Founded in 1988, BlackRock is a global investment management firm and the world's largest asset manager, with almost $9 trillion dollars in AUM – and iShares is one of the largest ETF providers with almost $3 trillion dollars in AUM. In this episode, we discuss: - Salim's exciting career. From microfinance in the mountains of Pakistan to the top of Wall Street in New York City. - Joining BlackRock and why he actually rejected Larry Fink's first offer to join the firm. - The power of ETFs and Index Investing and why he considers Indexing to be one of the original Fintech innovations. - iShares and its incredible reach helping over 100 million investors from around the world. - The rise of robo-advisors and why asset managers should implement guardrails to offer investment products and capabilities that are good for the long term. - The rapid acceleration of ESG, Environmental, Social, and Governance ETFs and why Blackrock considers climate risks are investment risks that should be taken very seriously. - Leadership lessons and the power of leading through influence, collaboration, and forging alliances. - And a lot more! Salim Ramji Salim Ramji, Senior Managing Director, is Global Head of iShares and Index Investments for BlackRock and a member of the firm's Global Executive Committee. Prior to his appointment to lead the ETF and Index Investments business in 2019, Mr. Ramji was Head of BlackRock's U.S. Wealth Advisory business where he was responsible for leading BlackRock's relationships with wealth management firms and platforms, for distributing BlackRock's alpha-seeking and iShares investment capabilities and for the adoption of BlackRock's portfolio construction and digital wealth technologies to financial advisors. Mr. Ramji joined BlackRock in 2014, serving initially as the Global Head of Corporate Strategy. Before joining BlackRock, he was a Senior Partner at McKinsey & Company where he led the Asset & Wealth Management practice areas. He started his career as a corporate finance and mergers and acquisitions lawyer in London and Hong Kong. Mr. Ramji earned a bachelor's degree in economics and politics from University of Toronto, a law degree from Cambridge University and is a CFA charter holder. He is a trustee of Graham Windham, a New York-based child care agency. About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.81 trillion in assets under management as of March 31, 2021, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock For more FinTech insights, follow us below: Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech Miguel's Twitter: twitter.com/MiguelArmaza Miguel's Newsletter: https://bit.ly/3jWIpqp

Golf Radio
Real Golf Radio - John Bodenhamer - June 19, 2021

Golf Radio

Play Episode Listen Later Jun 19, 2021 17:39


Brian and Bob welcome in USGA's Senior Managing Director, Championships, John Bodenhamer, to their U.S. Open Edition of the show.

CloudSkills.fm
123: Closing the Cloud Skills Gap with Tristan Morel L'Horset

CloudSkills.fm

Play Episode Listen Later Jun 16, 2021 28:11


In this episode Mike Pfeiffer catches up with Tristan Morel L'Horset, Senior Managing Director at Accenture.Tristan is the Growth lead of Accenture's North America Cloud First business and he has a passion for the intersection of Cloud, Technology and Business.Here's what we cover in this episode:Overcoming barriers to cloud adoptionTechnical and non-technical skills organizations are buildingThe importance of building skills for Cloud SustainabilityFollow Tristan on Social Media:https://twitter.com/tlhorsethttps://www.linkedin.com/in/tlhorset/Start your cloud career at Accenture:https://www.accenture.com/cloudcareersCheck out the Green Software Foundationhttps://greensoftware.foundation/

Post Corona
Blackstone's Jonathan Pollack on Real-Estate Post Corona

Post Corona

Play Episode Listen Later Jun 11, 2021 49:59


Many have been surprised that areas of the real estate market are booming, Post Corona. So what do we know about the pandemic's impact on an exodus from some cities, and the growth of other cities? One of the ways that I have learned on this limited series podcast is from our top flight guests, but also from our listeners. A business practitioner - an operator or investor - will hear one of our experts on the pod and get a hold of me with an alternative analysis; it's like I get to crowdsource ideas from our listeners. Well today, we're bringing one of those subscribers on the show. Jonathan Pollack is a Senior Managing Director at the Blackstone Group and Blackshone's Global Head of the Real Estate Debt Strategies group. Blackstone is one of the largest owners of real estate in the world. Jon, who is based in New York, manages a large team, overseeing Blackstone's real estate debt investment strategy. He's also a member of the firm's real estate investment committee, and serves on the board of Blackstone Mortgage Trust. Prior to joining Blackstone, he was a Managing Director and Global Head of Commercial Real Estate, as well as Head of Risk for Structured Finance, at Deutsche Bank. To call Jonathan Pollack a “New York Bull” may be overstating it, but let's just say he's a skeptic of some of the skeptics we have featured on Post Corona. So is real estate in New York and other big cities coming back? And what does it tell us about the future of cities? Or - did the Pandemic set them back in ways that will take too long to recover from?

The Agile World with Greg Kihlstrom
#151: Office planning for the future of work with David Cornbrooks, Savills North America

The Agile World with Greg Kihlstrom

Play Episode Listen Later Jun 11, 2021 26:53


Today we're going to talk about the return to the office and how it is causing companies to need to be nimble and adaptive in their approach to planning their office needs for everything from the next several months to the next several years. To help me discuss this topic, I'd like to welcome David Cornbrooks, Senior Managing Director, Savills North America.

Compelled: Fighting the Injustice of Human Trafficking
Racism & Trafficking: How Race Creates Vulnerabilities

Compelled: Fighting the Injustice of Human Trafficking

Play Episode Listen Later Jun 7, 2021 33:19


On this week's episode, Emily sat down with Linda Ellis-Williams, Senior Managing Director of Victim Services of the YWCA of Central Virginia. The YWCA is dedicated to eliminating racism, empowering women and promoting peace, justice, freedom and dignity for all. Linda speaks about why the BIPOC (Black, Indigenous, and People of Color) community is statistically trafficked more and how race creates vulnerabilities in an individual's life that can lead into trafficking. Freedom 4/24 is a nonpartisan 501(c)3 non profit. We believe every human life deserves to be free from exploitation and trafficking. We would love to hear from you! If you have questions, comments, or want to become a Freedom 4/24 Ally, visit our website www.freedom424.org or email us at info@freedom424.org. Be sure to subscribe on any listening platform and leave a review. We are also active on Instagram, Facebook, and Twitter. Resources: YWCA of Central Virginia- https://www.ywcacva.org/ Domestic Violence Hotline- 1-888-528-1041 Sexual Assault Hotline- 1-888-947-7273 The Case for Reparations- Ta-Nehisi Coates --- Support this podcast: https://anchor.fm/freedom424/support

Commonwealth Club of California Podcast
Stanford's Robert Pearl: The Toxic Culture of Medicine

Commonwealth Club of California Podcast

Play Episode Listen Later Jun 2, 2021 63:01


The COVID-19 global pandemic has shined a bright light on our medical system unlike perhaps any other time in this country's history. For more than a year now, we have seen how the daily work of making important, even life-and-death decisions is frequently made harder by factors and variables outside the control of an individual doctor and patient. Meanwhile, even before the pandemic, hospitals and medical offices faced tremendous budget problems, and big pharmaceutical and insurance companies continued to shape the delivery of medical care in all corners of the country; the pandemic only exacerbated these trends. In a new book, Uncaring, Dr. Robert Pearl—former CEO of The Permanente Medical Group and a Stanford professor—shows how all these stresses have led to a toxic culture in medicine, particularly for physicians. He says doctors resist change, leading to important clerical mistakes. They don't offer equal treatment to all patients. Their competitive work ethic leads to burnout and bad decisions. All these mistakes, he warns, can be and frequently are matters of life and death. As we emerge from the pandemic and engage in a public debate about the appropriate role of government, technology, big pharmaceutical and insurance companies in our health-care system, Pearl believes we have paid little attention to what it actually feels like to be a doctor. If we want to improve medical outcomes for doctors and patients alike, Pearl believes we need to start seeing health-care professionals as the real and flawed human beings they actually are, and real issues they face every day in their professional lives. We look forward to welcoming Dr. Pearl back to The Commonwealth Club for an important conversation on how we can have a safer and healthier health-care system. Moderator Julie Kliger is the digital health transformation leader of the Health Solutions practice at FTI Consulting. She has expertise working with health-care delivery systems, platform-telehealth and bio/med-tech companies to design, optimize and implement new approaches to care delivery, with the goal of improving quality, value and experience of care. Kliger currently serves as a member of the board of directors for a $3 billion health system and chairs the Enterprise-Wide Committee on Quality, Safety and Patient Experience, and is vice chair of the Executive Compensation Committee.​ The views expressed by the moderator are not necessarily the views of FTI Consulting, Inc., its management, its subsidiaries, its affiliates or its other professionals. SPEAKERS Dr. Robert Pearl M.D., Clinical Professor of Plastic Surgery, Stanford University School of Medicine; Author, Uncaring: How the Culture of Medicine Kills Doctors and Patients Julie Kliger MPA, BSN, Senior Managing Director, Health Solutions, FTI Consulting—Moderator In response to the COVID-19 pandemic, we are currently hosting all of our live programming via YouTube live stream. This program was recorded via video conference on May 26th, 2021 by the Commonwealth Club of California. Learn more about your ad choices. Visit megaphone.fm/adchoices

Capital Allocators
[REPLAY] Daniel Adamson – Innovation from Asset Giants at Capital Constellation (EP.136)

Capital Allocators

Play Episode Listen Later May 3, 2021 62:02


Daniel Adamson is a Senior Managing Director at Wafra and the President of Capital Constellation, a joint venture between mega asset owners in Europe, North America and the Middle East that invests in the next generation of private equity managers. Our conversation focuses on this innovative joint venture and how a group of large asset owners came together to scale their resources.  We touch on a host of issues relating to the formation and implementation of the business, the many possibilities that are arising from this novel setup, and the serious challenges in bringing it to fruition.  I suspect we’ll see more efforts by asset owners to disintermediate pieces of the investment value chain, although as you’ll hear, it’s a lot easier said than done. Learn MoreSubscribe: Apple | Spotify | Google  Follow Ted on Twitter at @tseides or LinkedIn Subscribe Monthly Mailing List  Read the Transcript