The Storm Skiing Podcast is sponsored by Spot and Mountain Gazette - Listen to the podcast for discount codes on Mountain Gazette subscriptions and merch.WhoDavid Cronheim, President of the Shareholders Corporation for Hickory Ski Center, New YorkRecorded onJanuary 5, 2022Why I interviewed himBecause these places… gone. Once-spectacular ski areas towering out of the wilderness, lifts and trails and little shacks arrayed along the base and splendid people standing about bareheaded in sweaters, unbothered, as though the jacket and hat were inventions of weak-willed generations to come. New York is littered with their ghosts. Dutchess, poised spectacularly on the Hudson, rising a thousand feet over the town of Beacon. Wing Hollow, site of a still-unsolved double-murder, 800 feet funneling off two peaks in the state’s Western snowbelt. Scotch Valley, a spiderweb of trails cascading down a Catskills ridge. The trails are still visible on Google Maps. The lifts remain. But the ski area as an operating concern is long gone.Most of these ski areas are never coming back. But Hickory and its 1,200 vertical feet of all-natural terrain, narrow trails and glades, and shoulder-jerking Pomas lifted from our black-and-white past, could be. This is the most important story in New York skiing right now, and I had to hear more.What we talked aboutHickory’s founding by 10th Mountain Division veterans returning from World War II; the history of the ski area’s unique lift system; Hickory ownership over the years; why Hickory closed in 2005 and again in 2015 after decades of continuous operation; the incredible costs of maintaining even a basic ski area; skiing on a one-inch snow base; how snowmaking would transform Hickory into “a steeper West Mountain” and why the ski area won’t do that; the thrill and challenge of riding the antique Pomas; why Hickory’s upper mountain can only accommodate 200 skiers per day; the novel license and pass model that will “harness the enthusiasm” that surrounds Hickory and bring the ski area back in a sustainable way; why “there’s nothing about Hickory that makes economic sense”; Hickory’s distinct upper and lower mountains and why the ski area is creating different access tiers for each of them; why the mountain won’t be selling upper-mountain lift tickets; how non-license-holders will be able to access the upper mountain; why the future of Hickory relies on “sharing the risk of a bad winter”; charging for uphill access; the gnarly gorgeous terrain of the Three Sisters Range and whether the ski area could ever expand onto its neighboring mountains; the intense physical experience of skiing Hickory and how that colors the social experience; finding parts for decades-old lifts; the hassle of certifying ancient lifts in New York State; the inevitable comparisons to Mad River Glen; why the Pomas will likely last as long as Hickory does; how the lower-mountain lift system could eventually evolve; whether the lower mountain could ever see snowmaking or night-skiing lights; the condition of Hickory’s spectacular lodge; what a successful season would look like; and what the ski area’s operating schedule might look like.Why I thought that now was a good time for this interviewIt’s not fair to say that Hickory ever really died. The owner never said, “I give up,” as the folks at Ski Blandford and Granite Gorge and Toggenburg have done in recent years. Rumors and reports proliferated since the last time Poma 1 and 2 carried skiers to the mountain’s summit seven or eight years ago. But winter after winter the place sat idle. There was no obvious way to revive it: the place has no snowmaking, grooming technology from the Nixon administration, low-capacity surface lifts that are too aggressive for 90 percent of the skiing public. Maintenance costs were high, revenue low. What could be done?Saving Hickory would take some creativity and shared sacrifice, a critical mass of skiers willing to invest in a ski area that may go all winter long without opening. An all-natural-snow mountain in New York is a strange enough conceit. This isn’t Utah, after all. But an all-natural-snow mountain in 2022 New York, with its erratic snowfalls, is puzzling. Add in the fact that the ski area is right down the road from Gore, with its 14 lifts and 110 trails and 2,500-foot vertical drop and state-funded gazillion-gallon snowmaking system, and the notion of a sustainable Hickory may seem downright insane.But completely sane people rarely accomplish anything interesting or novel. It turned out that there was (probably) a way to bring Hickory back to the surface. A way to ride again. It’s creative and compelling, modest in scope but valiant in its ambition. Skiers invested in preserving old-school skiing and motivated to lock-in Poma access on those rare New York snow days will each have to chip in $300 per year to cover those basic operations. When it snows, these so-called license holders will have to pay for an upper-mountain lift ticket. No one else other than guests of a license-holder will be able to get them. There are other elements to the plan: opening lower-mountain access to the general public, bringing in school groups, and charging uphillers to access the ski area at will. New York Ski Blog lays the whole pricing structure out here.Will the plan work? I don’t know. I think it will. I hope it does. The folks who love Hickory do too. Listen to this conversation and you will become one of them pretty quick. Hope to see you out there.Why you should ski HickoryThere is a certain breed of insufferable Big-Mountain Bro who spends approximately 85 percent of his waking hours trolling social media for ski posts portraying anything other than four feet of powder dumping off a Valdez spine. “Where’s the snow?” says this idiot, when looking at a picture filled with snow. Big-Mountain Bro will never let the world forget that he spent five days heli-skiing in 2003 and that anything else is now beneath him.While that guy is busy updating his will to make sure this fact is etched on his tombstone, the rest of us are skiing anything we can, whenever we can. Some days, this means zooming around a ski area sprawling over five peaks interlaced with chairlifts fast enough to break the sound barrier. Other days it means dragging kids around a flat beside a Magic Carpet. But Hickory gives us something else: raw, throwback skiing. The best of nature crossed with the best technology 1965 could produce. It’s rough and improvisational and steep and way more than most of the skiing public could handle. But for those who can handle it and for those that can get there, Hickory will give you a ski experience unmatched and unforgettable.For everyone else, for kids, for beginners, for the curious or the anxious, there’s the lower mountain, Hickory’s pony-tow and T-bar learners area. Together they’re pretty cool – like two ski areas stacked atop each other. Big-Mountain Bro scoffs. The rest of us can marvel that such a thing still exists, that someone came up with a way to make it work, and that it does. It’s a story worth being part of. Plus, well, this could be you:Hickory Ski Center Trailmaps Subscribe at www.stormskiing.com
Jeff Snider joins me for a multi-episode conversation exploring the evolution of money and central banking throughout the 20th and 21st centuries.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJeff's twitter: https://twitter.com/JeffSnider_AIPJeff's writing: https://alhambrapartners.com/author/jsnider/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money” Intro00:00:08 What Did We Learn After the March 2020 Liquidity Crisis00:05:27 Lack of Economic Growth Feeding the Charade00:08:51 Distortions in the Marketplace00:12:53 Deflation Favoring Institutions00:14:42 Wealth Disparity & Inequality00:18:40 The Fed & Politicians Keeping the Lie Alive00:24:01 The Perpetual Confidence Game00:28:50 NYDIG00:29:58 Central Bankers Incentives00:34:08 Technological Shortcomings of the Central Banks00:38:58 Who Are The Fed's Shareholders?00:43:25 Seigniorage00:46:29 Auditing the Fed?SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22
The FBI informant who brought down an Alaska militia headed by Schaeffer Coxlast year admitted this week that he ran drugs for the Hells Angels motorcycle gang before he began working with the feds. The Harley Davidson Livewire Company Goes Public Harley-Davidson Inc. on Monday said its LiveWire electric motorcycle business will go public in a deal — valued at nearly $1.8 billion — with a London-based acquisitions firm. LiveWire will be listed on the New York Stock Exchange under the symbol LVW. The transaction is expected to close in the first half of 2022, Harley said in a statement. Harley-Davidson will retain an approximate 74% equity interest in LiveWire. Shareholders of partner AEA-Bridges Impact Corp. will own about 17%. 00:00 Introduction to Video 01:06 The Harley Davidson Livewire Company Goes Public 03:48 Judge Grants Change of venue request 05:30 Former Hells Angels Prospect offers Informant services for 300k 08:14 Pastor rides off into the sunset on a harley davidson 09:22 Wall of Shame
What I learned from reading Berkshire Hathaway Letters to Shareholders by Warren Buffett.Subscribe to listen to the rest of this episode and gain access to 231 full length episodes.WHAT OTHER PEOPLE ARE SAYING:“Without a doubt, the highest value-to-cost ratio I've taken advantage of in the last year is the Founders podcast premium feed. Tap into eons of knowledge and experiences, condensed into digestible portions. Highly, highly recommend. “Uniquely outstanding. No fluff and all substance. David does an outstanding job summarizing these biographies and hones in on the elements that make his subjects so unique among entrepreneurs. I particularly enjoy that he focuses on both the founder's positive and negative characteristics as a way of highlighting things to mimic and avoid.”“I just paid for my first premium podcast subscription for Founders podcast. Learning from those who came before us is one of the highest value ways to invest time. David does his homework and exponentially improves my efficiency by focusing on the most valuable lessons.”“I haven't found a better return on my time and money than your podcast for inspiration and time-tested wisdom to help me on my journey.“I've now listened to every episode. From this knowledge I've doubled my business to $500k a year. Love your passion and recommend your podcast to everyone.”“Founders is the only podcast I pay for and it's worth 100x the cost.”“I have listened to many podcasts on entrepreneurship (HIBT, Masters of Scale, etc.) and find Founders to be consistently more helpful than any other entrepreneurship podcast. David is a craftsperson, he carefully reads biographies of founders, distills the most important anecdotes and themes from their life, and draws commonalities across lives. David's focus is rightfully not on teaching you a formula to succeed but on constantly pushing you to think different.”“I highly highly recommend this podcast. Holy cow. I've been binge listening to these and you start to see patterns across all these incredible humans.”Listening to your podcast has changed my life and that is not a statement I make often.“After one episode I quickly joined the Misfit feed. Love the insight and thoughts shared along the way. David loves what he does and it shines through on the podcast. Definitely my go-to podcast now.”“It is worth every penny. I cannot put into words how fantastic this podcast is. Just stop reading this and get the full access.”“Personally it's one of my top 3 favorite podcasts. If you're into business and startups and technology, this is for you. David covers good books and I've come to really appreciate his perspective. Can't say enough good things.”“I quickly subscribed and it's honestly been the best money I've spent all year. It has inspired me to read biographies. Highly recommend.”“This is the most inspirational and best business podcast out there. David has inspired me to focus on biographies rather than general business books. I'm addicted.”“Anyone interested in business must find the time to listen to each any every Founders podcast. A high return on investment will be a virtual certainty. Subscribe and start listening as soon as possible.”“David saves you hundreds of hours by summarizing bios of legendary business founders and providing valuable insight on what makes an individual successful. He has introduced me to many founders I would have never known existed.”“The podcasts offer spectacular lessons on life, human nature and business achievement. David's enthusiasm and personal thoughts bring me joy. My journey has been enhanced by his efforts.”"Founders is the best self investment that I've made in years."Sign up to listen to the rest of this episode and get access to every full episode. You will learn the key insights from biographies on Steve Jobs, Elon Musk, John D. Rockefeller, Coco Chanel, Andrew Carnegie, Enzo Ferrari, Estee Lauder, Jeff Bezos, Warren Buffett, Charlie Munger, Phil Knight, Joseph Pulitzer, Arnold Schwarzenegger, Alexander Graham Bell, Bill Gates, P.T. Barnum, Edwin Land, Henry Ford, Walter Chrysler, Thomas Edison, David Ogilvy, Ben Franklin, Howard Hughes, George Lucas, Levi Strauss, Walt Disney and so many more. You will learn from the founders of Nike, Patagonia, Apple, Microsoft, Hershey, General Motors, Ford, Standard Oil, Polaroid, Home Depot, MGM, Intel, Federal Express, Wal Mart, JP Morgan, Chrysler, Cadillac, Oracle, Hyundai, Seagram, Berkshire Hathaway, Teledyne, Adidas, Les Schwab, Renaissance Technologies, IKEA, Sony, Ferrari, and so many more. Sign up to listen to the rest of this episode and get access to every full episode.
Chemist Warehouse has been accused of cooking up inflated pricetags for Black Friday sales. Global meal kit company Marley Spoon has eaten up ready-to-heat meal company Chefgood for a delicious $21 million. Shareholders of Meta (fka Facebook) are questioning whether the company is able to oversee public safety on its platforms - and now want an independent evaluation. --- Sign up to the Flux app to be in the $1,000 Giveaway. Promo code: 1grand Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score for free: https://bit.ly/fluxcreditscore Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://email@example.com --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.
After company income tax is paid, a company can choose to distribute the remaining profits as dividends to the shareholders when certain criteria are met. The dividend tax is typically either 0%, 27% or 42% when paid to the shareholders (2021 rates) depending on how much dividend is distributed and to who. Holding companies, in general, does not pay dividend tax in Denmark, when they own 10% or more of the company. Read more about dividend tax here: https://www.daniaaccounting.com/slider/company-income-tax-dividend-dividend-tax-in-denmark/
Nathan Briggs, a partner in the asset management practice at Ropes and Gray, discusses the burgeoning trend and inner workings of 'follow-on offerings' -- where closed-end funds raise additional capital and add to their outstanding shares -- and the mostly positive impact these actions have for shareholders.
After four years of litigation, the former owners of Tekkie Town have reached a R1.2bn deal with Steinhoff, opening the way to a credible future for the massively defrauded business. Three weeks ago, before talks between the parties began, Steinhoff shares traded at 180c. Since news of the deal broke on Wednesday, the price has rocketed to 330c. Tens of thousands of retail investors and big creditors like billionaire Christo Wiese, had a vested interest in the outcome of discussions that removes the major threat to a hard-fought settlement deal. In this fascinating podcast, Tekkie Town's former CEO explains the why's, what's and when's in conversation with BizNews founder Alec Hogg.
Westpac's shareholders have hit Westpac with a ‘protest vote' over the new pay plans for its executives. Kraft, the brand behind Kraft Singles, is getting crafty with its marketing - due to a major cream cheese shortage. Sales at Zara and H&M are back to pre-pandemic levels (or in some cases are better) thanks to post-lockdown wardrobe updates. --- Sign up to the Flux app for our $1,000 Giveaway. Promo code: 1grand Save money and win cash prizes up to $250k weekly: https://www.flux.finance/win-the-week Get your credit score for free: https://bit.ly/fluxcreditscore Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play Store): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Instagram: http://bit.ly/fluxinsta TikTok: https://firstname.lastname@example.org --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes. See omnystudio.com/listener for privacy information.
MMJ Group Holdings Ltd CEO Michael Curtis tells Proactive the group will focus on broadening MMJ's investment mandate to include other sectors, and change MMJ's name to Hygrovest Limited. Curtis says MMJ's current restriction that limits MMJ's investments in non-cannabis assets to 25% of its total assets would be removed. Shareholders will vote on the changes at the company's 2021 AGM on December 17th.
Shareholders of Facebook parent Meta are calling for a range of changes to how the company operates, following revelations that internal research showed the company's platforms can be harmful to some users. WSJ reporter Emily Glazer joins host Zoe Thomas to discuss what investors want and how likely they are to succeed. Learn more about your ad choices. Visit megaphone.fm/adchoices
Is Donald Trump-backed Ohio congressional candidate Max Miller in hot water involving the Jan.Washington D.C. insurrection? See acast.com/privacy for privacy and opt-out information.
On this week's episode of the Shareholders the guys have a special guest while Dax is out, Chuck from the Middle! They discuss the events of the day, the new LSU coach, the Woke Report with Junior, take a mail question, and give out some picks!
Hey guys—Frank is traveling today, so I (Daniel) am taking the reins. [0:15] Pfizer (PFE) announced positive news about its vaccine booster shots. I share my take… and why the current macro picture makes Pfizer a good buy. [2:08] Mike Novagratz, CEO of Galaxy Digital, spoke with CNBC about what to expect from institutional buyers in the crypto space… and it's great news for the asset class. He also explained why ethereum could outperform bitcoin as inflation moves higher… [7:40] Finally, I highlight my method for finding quality stocks… and a few catching my attention for rewarding shareholders in a big way... [14:55] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox every Wednesday: https://www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --: https://itunes.apple.com/us/podcast/wall-street-unplugged-frank/ -- : https://www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 -- : https://www.curzioresearch.com/category/podcast/wall-street-unplugged/ : https://twitter.com/frankcurzio :. https://www.facebook.com/CurzioResearch/ : https://www.linkedin.com/in/frank-curzio-690561a7/ : https://www.curzioresearch.com
By RNZFonterra farmer shareholders have voted overwhelmingly in support of a plan to revamp the co-operative's capital structure.It is one of the biggest votes in the co-operative's history.The structure had been proposed because the co-operative is concerned that as milk production falls, more farmers will look to sell their surplus shares to non-farmers in its associated shareholders fund.The new structure put to the vote makes it cheaper to join the company, and preserves farmer ownership by reducing the number of shares they need to hold.At least 75 per cent of the 10,000 farmer shareholders had to approve the proposal, and just over 85 per cent have done so.Now Fonterra needs the Government to amend the Dairy Industry Restructuring Act (DIRA) so the changes can be implemented.Chairman Peter McBride said the board and management were united in the belief that the flexible shareholding structure was the best course of action for the co-operative."Changing our capital structure is the most important decision we as farmers have made in almost a decade," he said in a statement."The results of this year's resolutions were all above 80 per cent, which shows farmers are united in their support for the direction of the co-op. Our full focus is now on delivering the strategic commitments we have made."I believe we are philosophically aligned with the Government and remain confident that we can find a regulatory framework that supports the Flexible Shareholding structure," McBride said.The co-operative is aiming to implement the changes as soon as possible from the beginning of next season.Share compliance obligations will remain on hold until at least six months after the new structure is effective.The current cap on the Fonterra Shareholders' Fund will remain in place as a cap.When Fonterra was formed in 2001, special legislation (DIRA) was passed to allow the country's two biggest co-operatives at the time, New Zealand Dairy Group and Kiwi Co-operative Dairies, along with marketing and export agent the New Zealand Dairy Board, to merge.In a letter to Fonterra's chair in November, Agriculture Minister Damien O'Connor expressed reservations about the proposal, saying he was not sure the proposal would deliver the best long-term outcomes for farmers or the dairy industry.He said he was particularly concerned that the current proposal risked creating diverging shareholders' interests between farmers with small shareholdings and those with larger ones."At this stage, it would be difficult for the Government to support an amendment to DIRA to facilitate the proposals," O'Connor said.RNZ, Staff Reporter
Fonterra farmers face one of the biggest votes in the co-operative's history today. Shareholders will decide on a proposed change to its capital structure to make it cheaper to join, while managing the risks from falling milk supply. Business reporter Nicholas Pointon has the story.
SmallCapVoice.com Inc. (“SCV”) announces the availability of a new interview with American Premium Water Corporation (OTC: HIPH) (the “Company”), a diversified luxury consumer products company focused on businesses in the health, beauty and biotech sectors to discuss the Company's recent news, the moves made in 2021 and the focus for 2022. American Premium Water (OTC: HIPH) is a diversified luxury consumer products company focused on businesses in the health, beauty and biotech sectors. The company is focused on harnessing the powers of Nano technologies paired without cannabidiol (CBD) to treat health disorders and enhance quality of life. The company's portfolio includes CaliBear (www.calibearlife.com) Vanexxe (www.vanexxe.com) plant + body essentials (www.plantbodyessentials.co). Shareholders and interested parties are encouraged to follow the Company's Twitter account @AmericanPremium and CEO Ryan Fishoff @RyanFishoff on Twitter for future Company updates, which will include material information about the Company.
When making strategic decisions, who's supreme? Shareholders or employees? On today's podcast, Andy Alsop, CEO of The Receptionist, shares his enthusiasm for building a truly hybrid company where the focus and attention is on prioritizing employees over shareholders. What is Employee Supremacy?Shareholder supremacy, a term coined by Milton Friedman in the 70's and 80's, was basically about decision making. Under shareholder supremacy, leaders are responsible for increasing the value of shares to each one of the company's investors, and every decision is based around that mission.For example, under shareholder supremacy, if you're trying to determine how much to invest in employee benefits (an expense that is seen as primarily negatively impacting the bottom line) you naturally want to drive the cost of benefits down to the lowest possible amount. You would choose the bare minimum necessary to continue to attract employees so that you can increase profits and thus shareholder value.Alternatively, with an Employee Supremacy mindset, you want to increase the amount of benefits that your employees have. Doing this helps your employees feel secure, feel that thecompany trusts them, and gives them a sense of ease knowing that they aren't going to have to worry about whether they can make ends meet in the case of an emergency because those benefits are there for them.The result: your employees feel valued, safe and have greater trust in the company they work for. And when employees feel trusted and trust the company, they make decisions that are in the best interest of the company, allowing them to better serve their customers. Under the employee supremacy mindset, when leaders make decisions, they increase productivity with their company, give better service to their customers, and create trusting teams that help achieve their company's mission and goals. In the end both methods drive shareholder value but focusing on employee supremacy drives shareholder value more quickly.Decision Making Examples from an “Employee Supremacy” MindsetWhen COVID hit, Andy and his leadership team did three things:Implemented a COVID Family Travel Program--The company paid to send young, single workers to fly home to their families, Improved Health Benefits--They eliminated insurance premium contributions for employees, and increased the contribution towards families. Instituted the company's Just Cause--Focusing on the company's employees and its community, they have changed how the leaders make decisions.Because of these three decisions based on “Employee Supremacy,” they learned that making all of these decisions during a pandemic the team knew they were with a company that was focused, not on short-term results, but on the “long game.” They created what Simon Sinek describes as “Trusting Teams.”The Role of Company Values and a Just Cause in Employee SupremacyAt The Receptionist, their values are an acronym called FABRIC (Fun, Authentic, Bold, Respectful, Innovative and Collaborative). Andy says the important part of core values is you actually have to live them. Could potential candidates who are seeking a position at your company actually see those values being lived out? During the pandemic their company chose to fall back on those values and really focused on making sure that these values became a part of daily-life working at their company. Read the full summary here
Battlefield 2042 earns a new nickname after its disastrous launch, Bobby Kotick's days are (hopefully) numbered and the GTA Refunded saga is far from over. --Vids I mentioned: Halo multiplayer impressions: https://youtu.be/YEaa62uBGa0Halo campaign impressions: https://youtu.be/I0SRpc-ysgwBattlefield 2042 review-in-progress: https://youtu.be/A78ghNi5QFYHunt Showdown review: https://youtu.be/7olAZyoO6csDeath's Door review: https://youtu.be/pTx4QOk2CFoCheck out Len's Island on Steam: https://store.steampowered.com/app/1335830/Lens_Island/--Skill Up Gaming Facebook Page!https://www.facebook.com/skillupgaming/Twitter: https://twitter.com/SkillUpYT?lang=en (@skillupyt)Instagram: https://www.instagram.com/skillupyt/?hl=enJoin us on the community Discord:https://discord.gg/Q728ewv--Edited by Austin @ausomehd--Sources:• Activision • Bobby: https://twitter.com/kirstengrind/status/1460641844346298371?s=21 • Board backing: https://twitter.com/jasonschreier/status/1460695834677366794 • Bobby's mate: https://www.bloomberg.com/news/newsletters/2021-11-19/activision-blizzard-s-atvi-board-is-full-of-ceo-bobby-kotick-s-friends • Zero tolerance: https://www.videogameschronicle.com/news/activision-reportedly-says-no-evidence-means-zero-tolerance-policy-cant-be-applied-to-ceo-bobby-kotick/ • Shareholders: https://www.washingtonpost.com/video-games/2021/11/17/bobby-kotick-resignation-shareholders/ • Walkout: https://kotaku.com/calls-for-bobby-kotick-s-resignation-intensify-as-emplo-1848067513 ○ https://www.theverge.com/2021/11/18/22789679/activision-blizzard-ceo-bobby-kotick-employees-petition-removal • Sony: https://www.bnnbloomberg.ca/playstation-chief-criticizes-activision-response-to-allegations-1.1683459 • Xbox: https://www.bnnbloomberg.ca/xbox-chief-says-he-s-evaluating-relationship-with-activision-1.1684115 • Maybe: https://www.wsj.com/articles/activision-blizzard-ceo-bobby-kotick-tells-colleagues-he-would-consider-leaving-if-he-cant-quickly-fix-problems-11637533064• Halo numbers: https://www.videogameschronicle.com/news/halo-infinite-hit-more-than-270000-concurrent-players-on-steam-within-8-hours-of-release/ • https://twitter.com/JakeSucky/status/1462582404086853632 • Battle pass: https://twitter.com/ske7ch/status/1460680004090548226?s=21• Battlefield: https://www.reddit.com/r/battlefield2042/comments/qyykk7/if_this_is_a_love_letter_to_the_fans_then_i_wish/ • https://www.reddit.com/r/battlefield2042/comments/qw1mbw/fuck_it_heres_a_list_of_absolutely_everything/ • https://www.reddit.com/r/battlefield2042/comments/qz3kn9/i_sat_at_my_pc_in_disbelieve/ • https://screenrant.com/battlefield-2042-steam-reviews-mostly-negative/• Battlefront 3: https://twitter.com/_Tom_Henderson_/status/1461869544780222472• BGAE2: https://twitter.com/_Tom_Henderson_/status/1459270600229326855• GTA • Apology: https://www.rockstargames.com/newswire/article/393o373751k48k/a-note-from-the-rockstar-games-team-re-grand-theft-auto-the-trilogy-th?utm_source=twitter&utm_medium=o_social&utm_campaign=gta-trilogy_announcement_update-20211119 • More DMCA: https://libertycity.net/gta-4/news/5171-take-two-requested-to-remove-gta-mods.html • GTA 4: https://gameinfinitus.com/news/gta-iv-remaster-reportedly-in-development-comes-with-episodes-from-liberty-city/• Riot Forge: https://www.youtube.com/watch?v=Ci6LFS4VQpU&ab_channel=RiotForge • Project L: https://www.youtube.com/watch?v=5hugGCZon3I&ab_channel=RiotGames • Hytale: https://www.youtube.com/watch?v=p6aH25Jx3rs&ab_channel=RiotGames • Song of Nunu: https://www.gematsu.com/2021/11/song-of-nunu-a-league-of-legends-story-announced-for-ps5-xbox-series-ps4-xbox-one-switch-and-pc
If you ask your friends who own stocks in Amazon or Apple, odds are they've never voted on a shareholder proposal. But when the definition of a shareholder means to have a say in the way a business is run, it's time to recognize the disconnect between stockholder and company. We speak with Antoine Argouges, Founder at Tulipshare, about shareholder activism, choosing campaigns, and future plans for his company. In this episode, we discuss: Becoming a shareholder activist How Tulipshare chose their campaigns The community response to Tulipshare's activism What 2022 holds for Tulipshare To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, Spotify, or here and don't forget to check out our YouTube! Until next time! Listening on a desktop & can't see the links? Just search for Payments Innovation in your favorite podcast player.
Study: Sustainable eating is cheaper and healthier Oxford University, November 11, 2021 Oxford University research has today revealed that, in countries such as the US, the UK, Australia and across Western Europe, adopting a vegan, vegetarian, or flexitarian diet could slash your food bill by up to one-third. The study, which compared the cost of seven sustainable diets to the current typical diet in 150 countries, using food prices from the World Bank's International Comparison Program, was published in The Lancet Planetary Health. (next) Meta-analysis concludes resveratrol beneficially modulates glycemic control in diabetics Zagazig University and Suez Canal University (Egypt), October 29 2021. Findings from a meta-analysis of clinical trials published in Medicina Clinica (Barcelona) revealed an association between supplementing with resveratrol and improvements in glycemic control. “This systematic review and meta-analysis is the first to consider resveratrol's efficacy on glycemic and cardiometabolic parameters in patients with Type 2 diabetes mellitus (T2DM).” (next) Exercise linked to better mental health Kaiser Permanente Research, November 11, 2021 Kaiser Permanente research published in Preventive Medicine showed people who exercised more during the initial lockdown period of the COVID-19 pandemic experienced less anxiety and depression than those who didn't exercise. It also showed that people who spent more time outdoors typically experienced lower levels of anxiety and depression than those who stayed inside. (next) Bedtime linked with heart health University of Exeter (UK), November 9, 2021 Going to sleep between 10:00 and 11:00 pm is associated with a lower risk of developing heart disease compared to earlier or later bedtimes, according to a study published today in European Heart Journal—Digital Health, a journal of the European Society of Cardiology (ESC). "While we cannot conclude causation from our study, the results suggest that early or late bedtimes may be more likely to disrupt the body clock, with adverse consequences for cardiovascular health." (NEXT) Garlic compounds may boost cardio health indirectly via gut microbiota National Taiwan University, November 6 2021 Allicin from garlic may prevent the metabolism of unabsorbed L-carnitine or choline into TMAO, a compound linked to an increased risk of cardiovascular diseases, says a new study. TMAO – or trimethylamine N-oxide – has been known to be generated from dietary carnitine through metabolism of gut microbiota, and was recently reported to be an “important gut microbiota-dependent metabolite to cause cardiovascular diseases.” New data indicated that carnitine-fed lab mice showed a “remarkable increase in plasma TMAO levels”, compared with lab mice fed a control (no carnitine). However, when allicin supplements were provided with the carnitine diet, TMAO levels were significantly reduced. (NEXT) Drug used to prevent miscarriage increases risk of cancer in offspring University of Texas Health Science Center, November 9, 2021 Exposure in utero to a drug used to prevent miscarriage can lead to an increased risk of developing cancer, according to researchers at The University of Texas Health Science Center at Houston The drug, 17α-hydroxyprogesterone caproate (17-OHPC), is a synthetic progestogen that was frequently used by women in the 1950s and 1960s, and is still prescribed to women today to help prevent preterm birth. (OTHER NEWS NEXT) 2,433 Dead Babies in VAERS as Another Study Shows mRNA Shots Not Safe for Pregnant Women by Brian Shilhavy Editor, Health Impact News, November 7, 2021 There have now been 2,433 fetal deaths recorded in VAERS (Vaccine Adverse Event Reporting System) from pregnant women who have been injected with one of the COVID-19 shots. The vast majority of these have been from the Pfizer shot (1,862 deaths) and the Moderna shot (656 deaths.) There have been more fetal deaths in the past 11 months following COVID-19 shots than there have been for the past 30+ years following ALL vaccines (2,198 – Source.) Last month (October, 2021) the New England Journal of Medicine admitted that the original study used to justify the CDC and the FDA in recommending the shots to pregnant women was flawed. (Source.) Since then, researchers in New Zealand have conducted a new study on the original data, and concluded: A re-analysis of these figures indicates a cumulative incidence of spontaneous abortion ranging from 82% (104/127) to 91% (104/114), 7–8 times higher than the original authors' results. (Source.) And yet, the CDC and FDA still continue to recommend the shots for pregnant women, even though a correct analysis on the original data shows that 82% to 91% of pregnant women will suffer miscarriages if their unborn child is less than 20 weeks old. (Source.) VAERS is a passive system that is severely under reported. The CDC and FDA have never conducted a study to determine what this under-reported factor is, but independent scientists have, and we have previously published the analysis conducted by Dr. Jessica Rose, who has determined that a conservative under-reported factor would be X41. See: STUDY: Government's Own Data Reveals that at Least 150,000 Probably DEAD in U.S. Following COVID-19 Vaccines This means that there have probably been at least 99,753 fetal deaths following COVID-19 injections so far. Here is a video report we made on this last month with some very unfortunate gruesome examples of what these shots are doing to unborn babies. 1,969 Fetal Deaths Recorded Following COVID-19 Shots but Criminal CDC Recommends Pregnant Women Get the Shot UPDATE – November 7, 2021 PM A couple of hours after publishing this article, a video that has been circulating on the Internet of an interview with a Funeral Director in the UK became known to me. He has been in practice for over 3 years and is identified as “Wesley,” and was interviewed by a group called “Resistance GB.” He claims that last fall was one the slowest periods of seeing deaths for all funeral directors, but when the COVID-19 shots were introduced, deaths started dramatically increasing. It started with the elderly, but then by April they were seeing large numbers of people in their 30s and 40s. Many of them were dying of myocarditis. Now, they are seeing unprecedented numbers of newborn babies, and they are piling up in hospital refrigerators. Some are full term, some are pre-term, he claims. The UK originally recommended that pregnant women and nursing mothers should NOT get the experimental COVID shots, but like the CDC in the U.S., they eventually changed their recommendation to encourage pregnant women to get the shots. (NEXT) An ethical analysis of vaccinating children against COVID-19: benefits, risks, and issues of global health equity Johns Hopkins University, Oxford-Johns Hopkins Global Infectious Disease Ethics Collaborative, Wageningen University - The Netherlands, University of Oxford, Abstract We argue that it is currently unclear whether routine COVID-19 vaccination of healthy children is ethically justified in most contexts, given the minimal direct benefit that COVID-19 vaccination provides to children, the potential for rare risks to outweigh these benefits and undermine vaccine confidence, and substantial evidence that COVID-19 vaccination confers adequate protection to risk groups, such as older adults, without the need to vaccinate children. We conclude that child COVID-19 vaccination in wealthy communities before adults in poor communities worldwide is ethically unacceptable and consider how policy deliberations might evolve in light of future developments. (NEXT) What's Driving Global Deforestation? Organized Crime, Beef, Soy, Palm Oil and Wood Products Jennifer Devine, Counterpunch, November 17, 2021 Every year the world loses an estimated 25 million acres (10 million hectares) of forest, an area larger than the state of Indiana. Nearly all of it is in the tropics. From my research on social and environmental issues in Latin America, I know that four consumer goods are responsible for the majority of global deforestation: beef, soy, palm oil, and wood pulp and paper products. Together these commodities are responsible for the loss of nearly 12 million acres (5 million hectares) annually. There's also a fifth, less publicized key driver: organized crime, including illegal drug trafficking. The dominant role of beef Among major products that promote deforestation, beef is in a class by itself. Beef production is now estimated to be the biggest driver of deforestation worldwide, accounting for 41% of global forest losses. In the Amazon alone, cattle ranching accounts for 80% of deforestation. From 2000 to 2011, beef production emitted nearly 200 times more greenhouse gases than soy, and 60 times more than oil palm in tropical countries with high deforestation rates. Soy and palm oil: Ubiquitous ingredients Together, soy and palm oil drive nearly 10% of deforestation annually – almost 2.5 million acres (1 million hectares). Clearing land for palm oil plantations fuels large-scale rainforest destruction in Indonesia and Malaysia, where most of the world's palm oil is produced. Palm oil is the most commonly produced, consumed and traded vegetable oil. Some 60% of the 66 million tons produced globally every year is used to produce energy in the form of biofuel, power and heat. About 40% is used for food, animal feed and chemical products. Palm oil is an ingredient in half of all products found at the supermarket, including margarine, shampoos, frozen pizza and detergents. Soy production has doubled globally in the past 20 years. Nearly 80% of global soy is fed to cows, chickens, pigs and farmed fish. This demand reflects the tripling of global meat production over the past 50 years. Wood products Wood products are responsible for about 5% of annual global deforestation, or about 1.2 million acres (500,000 hectares) yearly. Wood is widely used for home construction and furniture, and also as a pulp source for paper and fabric. And in low-income nations and rural areas, it's an important fuel source for heating and cooking. The three largest paper-producing countries are the U.S., Canada and China. Illegal deforestation and organized crime Another industry plays an important role, especially in tropical forests: organized crime. Large, lucrative industries offer opportunities to move and launder money; as a result, in many parts of the world, deforestation is driven by the drug trade. In South America and Central America, drug trafficking organizations are the vanguard of deforestation. Drug traffickers are illegally logging forests in the Amazon and hiding cocaine in timber shipments to Europe. In my research, I have analyzed how traffickers illegally log and raise cattle in protected areas in Central America to launder money and claim drug smuggling territory. Other scholars estimate that 30% to 60% of deforestation in the region is “narco-deforestation.” Forest Trends analysis, exports tied to illegal deforestation are worth US$61 billion annually and are responsible for 25% of total global tropical deforestation. (NEXT) ‘This Must Not Happen': If Unhalted, Permian Basin Fracking Will Unleash 40 Billion Tons of CO2 by 2050 As activists at the COP26 summit continue to denounce the “massive” gap between wealthy governments' lofty rhetoric and their woefully inadequate plans for addressing the climate emergency, a new analysis of projected extraction in the Permian Basin in the U.S. Southwest exposes the extent to which oil and gas executives' refusal to keep fossil fuels in the ground puts humanity's future in jeopardy. “While climate science tells us that we must consume 40% less oil in 2030, Permian producers plan to grow production more than 50%.” Released Tuesday by Oil Change International, Earthworks, and the Center for International Environmental Law, the second chapter of The Permian Basin Climate Bomb warns that if the drilling and fracking boom that has turned the Permian Basin into “the world's single most prolific oil and gas field” over the past decade is allowed to persist unabated for the next three decades, it will generate nearly 40 billion tons of carbon dioxide by mid-century. “With global markets flush with Permian oil and gas, it can only be harder to steer the world's economy toward clean energy.” “While climate science tells us that we must consume 40% less oil in 2030, Permian producers plan to grow production more than 50%” from 2021 to 2030, said Stockman. “This must not happen.” “If left unchecked,” the report notes, “the Permian could continue to produce huge amounts of oil, gas, and gas liquids for decades to come. With global markets flush with Permian oil and gas, it can only be harder to steer the world's economy toward clean energy.” (NEXT) Wall Street's Takeover of Nature Advances with Launch of New Asset Class By Whitney Webb A project of the multilateral development banking system, the Rockefeller Foundation and the New York Stock Exchange recently created a new asset class that will put, not just the natural world, but the processes underpinning all life, up for sale under the guise of promoting “sustainability.” Last month, the New York Stock Exchange (NYSE) announced it had developed a new asset class and accompanying listing vehicle meant “to preserve and restore the natural assets that ultimately underpin the ability for there to be life on Earth.” Called a natural asset company, or NAC, the vehicle will allow for the formation of specialized corporations “that hold the rights to the ecosystem services produced on a given chunk of land, services like carbon sequestration or clean water.” These NACs will then maintain, manage and grow the natural assets they commodify, with the end of goal of maximizing the aspects of that natural asset that are deemed by the company to be profitable. Though described as acting like “any other entity” on the NYSE, it is alleged that NACs “will use the funds to help preserve a rain forest or undertake other conservation efforts, like changing a farm's conventional agricultural production practices.” Yet, as explained towards the end of this article, even the creators of NACs admit that the ultimate goal is to extract near-infinite profits from the natural processes they seek to quantify and then monetize. NYSE COO Michael Blaugrund alluded to this when he said the following regarding the launch of NACs: “Our hope is that owning a natural asset company is going to be a way that an increasingly broad range of investors have the ability to invest in something that's intrinsically valuable, but, up to this point, was really excluded from the financial markets.” Framed with the lofty talk of “sustainability” and “conservation”, media reports on the move in outlets like Fortune couldn't avoid noting that NACs open the doors to “a new form of sustainable investment” which “has enthralled the likes of BlackRock CEO Larry Fink over the past several years even though there remain big, unanswered questions about it.” Fink, one of the world's most powerful financial oligarchs, is and has long been a corporate raider, not an environmentalist, and his excitement about NACs should give even its most enthusiastic proponents pause if this endeavor was really about advancing conservation, as is being claimed. How to Create a NAC The creation and launch of NACs has been two years in the making and saw the NYSE team up with the Intrinsic Exchange Group (IEG), in which the NYSE itself holds a minority stake. IEG's three investors are the Inter-American Development Bank, the Latin America-focused branch of the multilateral development banking system that imposes neoliberal and neo-colonalist agendas through debt entrapment; the Rockefeller Foundation, the foundation of the American oligarch dynasty whose activities have long been tightly enmeshed with Wall Street; and Aberdare Ventures, a venture capital firm chiefly focused on the digital healthcare space. Notably, the IADB and the Rockefeller Foundation are closely tied to the related pushes for Central Bank Digital Currencies (CBDCs) and biometric Digital IDs. The IEG's mission focuses on “pioneering a new asset class based on natural assets and the mechanism to convert them to financial capital.” “These assets,” IEG states, make “life on Earth possible and enjoyable…They include biological systems that provide clean air, water, foods, medicines, a stable climate, human health and societal potential.” Put differently, NACs will not only allow ecosystems to become financial assets, but the rights to “ecosystem services”, or the benefits people receive from nature as well. These include food production, tourism, clean water, biodiversity, pollination, carbon sequestration and much more. IEG is currently partnering with Costa Rica's government to pilot its NAC efforts within that country. Costa Rica's Minister of Environment and Energy, Andrea Meza Murillo, has claimed that the pilot project with IEG “will deepen the economic analysis of giving nature its economic value, as well as to continue mobilizing financial flows to conservation.” With NACs, the NYSE and IEG are now putting the totality of nature up for sale. While they assert that doing so will “transform our economy to one that is more equitable, resilient and sustainable”, it's clear that the coming “owners” of nature and natural processes will be the only real beneficiaries. Per the IEG, NACs first begin with the identification of a natural asset, such as a forest or lake, which is then quantified using specific protocols. Such protocols have already been developed by related groups like the Capitals Coalition, which is partnered with several of IEG's partners as well as the World Economic Forum and various coalitions of multinational corporations. Then, a NAC is created and the structure of the company decides who has the rights to that natural asset's productivity as well as the rights to decide how that natural asset is managed and governed. Lastly, a NAC is “converted” into financial capital by launching an initial public offering on a stock exchange, like the NYSE. This last stage “generates capital to manage the natural asset” and the fluctuation of its price on the stock exchange “signals the value of its natural capital.” However, the NAC and its employees, directors and owners are not necessarily the owners of the natural asset itself following this final step. Instead, as IEG notes, the NAC is merely the issuer while the potential buyers of the natural asset the NAC represents can include: institutional investors, private investors, individuals and institutions, corporations, sovereign wealth funds and multilateral development banks. Thus, asset management firms that essentially already own much of the world, like Blackrock, could thus become owners of soon-to-be monetized natural processes, natural resources and the very foundations of natural life itself. Both the NYSE and IEG have marketed this new investment vehicle as being aimed at generating funds that will go back to conservation or sustainability efforts. However, on the IEG's website, it notes that the goal is really endless profit from natural processes and ecosystems that were previously deemed to be part of “the commons”, i.e. the cultural and natural resources accessible to all members of a society, including natural materials such as air, water, and a habitable earth. Per the IEG, “as the natural asset prospers, providing a steady or increasing flow of ecosystem services, the company's equity should appreciate accordingly providing investment returns. Shareholders and investors in the company through secondary offers, can take profit by selling shares. These sales can be gauged to reflect the increase in capital value of the stock, roughly in-line with its profitability, creating cashflow based on the health of the company and its assets.” Researcher and journalist Cory Morningstar has strongly disagreed with the approach being taken by NYSE/IEG and views NACs as a system that will only exacerbate the corporate predation of nature, despite claims to the contrary. Morningstar has described NACs as “Rockefeller et al. letting the markets dictate what in nature has value – and what does not. Yet, it's not for capitalist institutions and global finance to decide what life has value. Ecosystems are not ‘assets.' Biological communities exist for their own purposes, not ours.” A New Way to Loot The ultimate goal of NACs is not sustainability or conservation – it is the financialization of nature, i.e. turning nature into a commodity that can be used to keep the current, corrupt Wall Street economy booming under the guise of protecting the environment and preventing its further degradation. Indeed, IEG makes this clear when they note that “the opportunity” of NACs lies not in their potential to improve environmental well-being or sustainability, but in the size of this new asset class, which they term “Nature's Economy.” Indeed, while the asset classes of the current economy are value at approximately $512 trillion, the asset classes unlocked by NACs are significantly larger at $4,000 trillion (i.e. $4 quadrillion). Thus, NACs open up a new feeding ground for predatory Wall Street banks and financial institutions that will allow them to not just dominate the human economy, but the entire natural world. In the world currently being constructed by these and related entities, where even freedom is being re-framed not as a right but “a service,” the natural processes on which life depends are similarly being re-framed as assets, which will have owners. Those “owners” will ultimately have the right, in this system, to dictate who gets access to clean water, to clean air, to nature itself and at what cost. According to Cory Morningstar, one of the other aims of creating “Nature's Economy” and neatly packaging it for Wall Street via NACs is to drastically advance massive land grab efforts made by Wall Street and the oligarch class in recent years. This includes the recent land grabs made by Wall Street firms as well as billionaire “philanthropists” like Bill Gates during the COVID crisis. However, the land grabs facilitated through the development of NACs will largely target indigenous communities in the developing world. As Morningstar notes: “The public launch of NACs strategically preceded the fifteenth meeting of the Conference of the Parties to the Convention on Biological Diversity, the biggest biodiversity conference in a decade. Under the pretext of turning 30% of the globe into “protected areas”, the largest global land grab in history is underway. Built on a foundation of white supremacy, this proposal will displace hundreds of millions, furthering the ongoing genocide of Indigenous peoples. The tragic irony is this: while Indigenous peoples represent less than 5% of the global population, they support approximately 80% of all biodiversity.“ IEG, in discussing NACs, tellingly notes that proceeds from a NAC's IPO can be used for the acquisition of more land by its controlling entities or used to boost the budgets or funds of those who receive the capital from the IPO. This is a far cry from the NYSE/IEG sales pitch that NACs are “different” because their IPOs will be used to “preserve and protect” natural areas. The climate change panic that is now rising to the take the place of COVID-19 panic will surely be used to savvily market NACs and similar tactics as necessary to save the planet, but – rest assured – NACs are not a move to save the planet, but a move to enable the same interests responsible for the current environmental crises to usher in a new era where their predatory exploitation reaches new heights that were previously unimaginable.
On this week's episode of the Shareholders the guys discuss the events of the week, the Woke Report with Junior, the stock, take a mail question from Chuck, and the Happy Hedge!(58:20min)
Activision Blizzard shareholders call for CEO Bobby Kotick's resignation. It's about time! In today's episode: Activision Blizzard shareholders call for CEO Bobby Kotick's resignation, Xbox Game Pass cloud gaming arrives on consoles, and Ghostbusters: Afterlife's Rotten Tomatoes Score Is Worse Than 2016's Reboot All this and more on this episode of the Miami Geeks! Stay Tuned #ActivisionBlizzard #BobbyKotick #SpidermanNoWayHome
In this episode of the BizNews Power Hour, Discovery Health CEO Ryan Noach unpacks one of the world's biggest data sets which provides practical results on the efficacy of Covid vaccines and how much protection they offer. Also, Opportune Investments founder Chris Logan unpacks why Tongaat needs its shareholders to inject R4bn to keep the company afloat.
Hedge fund guru Jean Pierre Verster has an in-depth look at food retail giant, Shoprite, after South Africa's largest grocer announced a bumper quarterly update and interesting annual general meeting results. The food retailer, which has brands such as Checkers and uSave under its umbrella, increased sales by close to 10%, without adjusting for the impact of the July riots. All of South Africa's other large food retailers – Woolies, Spar and Pick n Pay – announced rather sluggish updates, suggesting Shoprite is taking market share from competitors. South Africa business tycoon Dr Christo Wiese, a major shareholder and director of the board of Shoprite, retained his seat on the board by a mere 0.1%. Verster explains that shareholders have become fed up at the related party transactions between Shoprite and Dr Wiese, which tends to benefit Wiese at the expense of minority shareholders. When asked which way Verster voted at Shoprite's AGM on this specific resolution, he said his hedge fund no longer holds any Shoprite shares.
Whose interests are taken into account when the issue is our entire planet? Who are the stakeholders? Vandana Shiva is critical of modern capitalism and blames it for the climate crisis. Klaus Schwab considers it reformable. One system — two views.
In today's edition of Daily Compliance News: · SEC eases shareholder rules for proposals. (WSJ) · IFRS announces Sustainability Board. (FT) · Israeli spyware firm blacklisted. (NYT) · Hong Kong insurer add Chinese gov warning to IPO. (Reuters) Learn more about your ad choices. Visit megaphone.fm/adchoices
I first came across the Carbon Tracker Initiative about 8-9 years ago when they posted a cool short video explaining the concept of a Carbon Budget.I follow the Carbon Tracker Initiative's Founder and Executive Chairman Mark Campanale on LinkedIn so I reached out to him to see if he'd be willing to come on the podcast to explain it. We had a fascinating conversation about what the carbon budget is, the implications of these stranded assets for pension funds and financial markets in general, COP 26, and what we hope to see come out of that, and practical steps any of us can take to move the needle on this.This was a truly fascinating episode of the podcast and I learned loads as always, and I hope you do too.If you have any comments/suggestions or questions for the podcast - feel free to leave me a voice message over on my SpeakPipe page, head on over to the Climate 21 Podcast Forum, or just send it to me as a direct message on Twitter/LinkedIn. Audio messages will get played (unless you specifically ask me not to).And if you want to know more about any of SAP's Sustainability solutions, head on over to www.sap.com/sustainability, and if you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover the show. Thanks.And remember, stay healthy, stay safe, stay sane!Music credit - Intro and Outro music for this podcast was composed, played, and produced by my daughter Luna Juniper
Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% due to the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions. Taxable income may differ from book income both as to timing of income and tax deductions and as to what is taxable. The corporate Alternative Minimum Tax was also eliminated by the 2017 reform, but some states have alternative taxes. Like individuals, corporations must file tax returns every year. They must make quarterly estimated tax payments. Groups of corporations controlled by the same owners may file a consolidated return. Some corporate transactions are not taxable. These include most formations and some types of mergers, acquisitions, and liquidations. Shareholders of a corporation are taxed on dividends distributed by the corporation. Corporations may be subject to foreign income taxes and may be granted a foreign tax credit for such taxes. Shareholders of most corporations are not taxed directly on corporate income but must pay tax on dividends paid by the corporation. However, shareholders of S corporations and mutual funds are taxed currently on corporate income, and do not pay tax on dividends. In 2021 President Biden proposed that Congress raise the corporate rate from 21% to 28%. --- Send in a voice message: https://anchor.fm/law-school/message Support this podcast: https://anchor.fm/law-school/support
On this week's episode of the Shareholders the guys discuss the current state of events, the Woke Report with Junior, the stock, take a mail question from Chuck, and of course the Happy Hedge!(1:08)
Fortune recently ranked Dan Schulman, CEO of PayPal, near the top of its annual World's Greatest Leaders list, and as long-term shareholders of PayPal, we agree with their assessment. We have watched Dan lead PayPal's ongoing growth into a digital platform responsible for more than $1 trillion in payments globally last year. In addition, he has been steadfast and outspoken about the role of business in society and the need to modify capitalism. We were thrilled to have the opportunity to sit down with Dan during our latest episode of the NOW Podcast. Brown Advisory's Ken Coe spoke with Dan about how he views his employees as his number one constituency; PayPal's role in providing working capital and creating virtuous cycles in low-income neighborhoods; the future of financial technology; the need for all of us to rise above our own self-interest to drive progress for all, and more. To wrap up the discussion, Ken brought in Jake Cusack and Efe Braimah from our frontier markets partner, CrossBoundary, to continue the conversation about opportunities in the fintech sector and making a difference. Guest:Dan Schulman, President and CEO, PayPalHost:Ken Coe, CFA, Equity Research Analyst, Brown Advisory Investment Commentary:Efe Braimah, Associate Principal, CrossBoundaryJake Cusack, Co-Founder and Managing Partner, CrossBoundaryRecommending Listening: What COVID-19 Means for the Future of Commerce, Capitalism and Cash, TED2020, May 2020 Never Stand Still with Dan Schulman Recommended reading: What is Stakeholder Capitalism?, World Economic Forum, January 22, 2021 PayPal 2020 Global Impact Report Kenya is Becoming a Global Hub of FinTech Innovation, Harvard Dan Schulman of PayPal on Guns, Cash and Getting Punched, The New York Times, July 27, 2018 Thank you for joining us on our podcast journey. To stay in touch about future podcasts, please sign up here. Visit our website to learn more: www.brownadvisory.com/now. We want to hear from you! Send a note to NOW@brownadvisory.com to get in touch. The views and opinions expressed in this podcast are those of the speaker(s) and do not necessarily reflect those of Brown Advisory. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this podcast is not intended to be and should not be considered a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. There is a risk that some or all of the capital invested in any such securities may be lost. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.
The Good Game is BACK! Shareholders are taking control, Taco Bell is charging electric cars, and a meteorite shows up in a surprising place. Stay tuned for our very serious predictions about Facebook's new name!
In this episode, CII General Counsel Jeff Mahoney interviews Professors Steven Boivie and Michael Withers of Texas A&M University, and Scott Griffin of the University of Georgia. Along with Professor Kevin Corley of Arizona State University, the professors are co-authors of a recent research article entitled “Corporate directors' implicit theories of the roles and duties of boards.”
Finance Fix with Gemma Acton: Woolies & Coles mandate staff vaccines; Crown shareholders protest termination payments See acast.com/privacy for privacy and opt-out information.
Never a day passes without German companies complaining about a lack of skilled staff. One Göttingen firm offers its employees more than just good pay and careers — it makes them shareholders.
On this week's episode off the Shareholders the guys are Junior free for the first time, in a long time! They go over the week's events, answer the mailbag question, and go through the picks in the Happy Hedge!(1:10 mark)
As leaders, it can be tough to make corporate decisions that align with big issues because the shift in operations would create a disruption to business as usual. And then, shareholders might jump ship after the potential short-term loss of that disruption — or would they? Andrew Behar has data that proves the opposite is usually true: Shareholders care deeply about corporate commitment to big issues and won't abandon companies who sacrifice short-term profit to uphold those values. In fact, most major companies are rewarded by shareholders for these types of decisions - and he has the data to prove it. This week on The Enlightened Executive, we are joined by Andrew Behar. Andrew is the CEO of As You Sow, the nation's leading non-profit practitioner of shareholder advocacy and engagement. In this video, he shares why leaders who commit to addressing big issues enjoy better business outcomes and longevity.
We (in SAP) are running a webinar on September 22nd titled Building a Sustainable Supply Chain for the High Tech Industry. The idea of this webinar is to show how you can optimize both your shareholder return and your design-to-operate processes for sustainability.Given that the subject is both climate, and supply chain-related, I felt this made it an ideal episode to publish both on this podcast, and on my Digital Supply Chain podcast.I invited Joe Mulligan, the webinar host to come on the podcast and give us a preview of the webinar's content and learn how organisations can reduce emissions while increasing profitability. If you want to register to join the webinar head on over to the registration page (even after the 22nd as the recording will remain online after the webinar has taken place).This was a truly fascinating episode of the podcast and as always, I learned loads, I hope you do too.If you have any comments/suggestions or questions for the podcast - feel free to leave me a voice message over on my SpeakPipe page or just send it to me as a direct message on Twitter/LinkedIn. Audio messages will get played (unless you specifically ask me not to).If you want to learn more about how to juggle sustainability and efficiency mandates while recovering from pandemic-induced disruptions, meeting growth targets, and preparing for an uncertain future, check out our Oxford Economics research report here.And if you want to know more about any of SAP's Digital Supply Chain solutions, head on over to www.sap.com/digitalsupplychain, and if you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover it. Thanks.And remember, stay healthy, stay safe, stay sane!
We (in SAP) are running a webinar on September 22nd titled Building a Sustainable Supply Chain for the High Tech Industry. The idea of this webinar is to show how you can optimize both your shareholder return and your design-to-operate processes for sustainability.Given that the subject is both climate, and supply chain-related, I felt this made it an ideal episode to publish both on this podcast, and on my Digital Supply Chain podcast.I invited Joe Mulligan, the webinar host to come on the podcast and give us a preview of the webinar's content and learn how organisations can reduce emissions while increasing profitability. If you want to register to join the webinar head on over to the registration page (even after the 22nd as the recording will remain online after the webinar has taken place).This was a truly fascinating episode of the podcast and as always, I learned loads, I hope you do too.If you have any comments/suggestions or questions for the podcast - feel free to leave me a voice message over on my SpeakPipe page, head on over to the Climate 21 Podcast Forum, or just send it to me as a direct message on Twitter/LinkedIn. Audio messages will get played (unless you specifically ask me not to).And if you want to know more about any of SAP's Sustainability solutions, head on over to www.sap.com/sustainability, and if you liked this show, please don't forget to rate and/or review it. It makes a big difference to help new people discover the show. Thanks.And remember, stay healthy, stay safe, stay sane!Music credit - Intro and Outro music for this podcast was composed, played, and produced by my daughter Luna Juniper