Despite five years of intense regulatory effort and management action, banks and financial institutions are still the least trusted sectors in the whole global economy, according to the just-published Edelman Global Trust Survey of 2013. …read more
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By Steve Denning, Contributor Despite five years of intense regulatory effort and management action, banks and financial institutions are still the least trusted sectors in the whole global economy, according to the just-published Edelman Global Trust Survey of 2013. Given that trust is the very foundation of banking, the result is troubling. Are banks themselves doing enough to restore their battered reputations? Is regulation helping or hindering? Is another financial crisis in the making?
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By Ben Woo, Contributor Despite being a naturalized U.S. citizen, and having lived in the United States for over 15 years, I am still bewildered by American football. (In full disclosure, my sport de choix is rugby, the game that is played in heaven!). Nonetheless, like so many Americans, I devoted four hours last night to watching the SuperBowl XLVII; and like many Americans, I was completely astounded when the lights in the Superdome went out for 34 minutes at the beginning of the third quarter.
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By Sonia Kapadia, Contributor Despite what you’ve heard from others, entrepreneurship is not the art of multitasking. What I’ve learned is that entrepreneurship is the art of focusing on individual issues one at a time. Complete a task, do it well, and then move on to the next. I’ve seen many startup CEOs running around trying to manage fifty things at once. They are disheveled, rushed, and unorganized. The most successful entrepreneurs are the ones that have it all under control. It’s impossible to do everything at once, and every now and then you need to take a breath and refocus in order to be more effective at the thousands of individual things you need to do. While I have observed this phenomenon quite a bit, I never realized its importance until I became a mom.
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By Eric Basu, Contributor Despite the recent fiscal cliff aversion, the talk of impending doom remains rampant with sequestration still on the horizon. What is bound to happen is consolidation at some level, but no one is quite certain where and with what ferocity the axe will fall
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By Katya Soldak, Contributor Despite the Russian economy’s growth of 3.5 percent last year, there have been suggestions that it might slow. The panel of economic experts discussed a few possible scenarios for Russia at the World Economic Forum in Davos, and Russia’s prime minister, Dmitry Medvedev, has responded. While the world is concerned about the possibility of oil prices dropping and lack of structural reforms and good governance in Russia, according to the prime minister; it’s mostly large, foreign, strategic investors Russia needs to sustain its economic growth.
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By Kenneth Rapoza, Contributor Despite the rally that kicked off 2013, corporate directors are souring on their outlook for the U.S. economy here in the first quarter. Every once in a while, economic fundamentals provide a dose of reality. And that reality, according to a survey by National Association of Corporate Directors (NACD) is continued weakness in Europe and the United States economies. Predictions for the start of 2013 showed little optimism with an economic confidence level for the next three months was 44 on the NACD Board Confidence Index. Anything below a 50 on an index is considered negative. The latest index marks a drop of eight points (15%) from the third quarter of 2012. For the full year ahead, however, the economic confidence level stands at 55, down five points from the previous quarter. The NACD index offers a view of the state of the economy from inside the corporate boardroom each quarter. More than one-third of directors reported their companies had taken steps to prepare for 2013 and the possibility of an economic crisis, including reassessing corporate strategy (47%), increasing cash reserves (34%) and postponing hiring decisions (27%), the NACD said in a press release Monday. There are some positives worth noting, however. At least for CEOs looking to meet requirements for a bonus this year. A majority 66 percent of those surveyed said their CEO were on track to meet incentive plan performance objectives for the fiscal year, and 60 percent said they were “very confident” or “confident” their CEO would meet incentive plan performance objectives for this fiscal year. “Directors believe management has met its performance objectives for the year,” said David Swinford, President and CEO of Pearl Meyer & Partners, a CEO compensation consulting firm headquartered Lexington Avenue in New York. “Now, they must focus on explaining to shareholders how those incentive plan objectives were set, why they will create long-value, and how the payouts align with sustained performance.”
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By Trefis Team, Contributor Despite sluggish macro trends, Cree marked a strong start to its fiscal 2013 with a 60% sequential increase in net income, though revenue increased by a mere 3% in Q1 2013. The company is set to announce its Q2 2013 earnings on January 22. While the short-term growth remains sluggish, we remain optimistic of the long-term potential in the LED market.
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By Marion Hume, Contributor Despite all the talk of Scotland wanting to become independent, way down south of the border in the “English” capital of London, you can expect a flurry of tartan this week.
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By Trefis Team, Contributor Despite rallying 20% since its November lows, we still believe that the company is being undervalued at these levels and see far more value in the stock coming from Cisco’s renewed focus on its networking division.
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By Trefis Team, Contributor Despite persistent weakness in the global economy, Expedia’s top line has witnessed an y-o-y increase, though the growth rate has slowed down.
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By TJ McCue, Contributor Despite news that show Google’s Project Glass project is still in flux, one investor and researcher is making his own. Rod Furlan reports at the IEEE Spectrum site how he decided to make his own Google Glass prototype. Project Glass Update with Babak Parviz Furlan’s post follows on the heels of an […]
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