Tag Archives: FORBES

Ranking America's Top Colleges 2013

By Caroline Howard, Forbes Staff

For the sixth year, FORBES has partnered with the Washington, D.C.-based Center for College Affordability and Productivity (CCAP) for The Top Colleges in the U.S. The FORBES list of 650 schools distinguishes itself from competitors by our belief in “output” over “input.” We’re not all that interested in what gets a student into college, like our peers who focus heavily on selectivity metrics such as high school class rank, SAT scores and the like. Our sights are set directly on ROI: What are students getting out of college? …read more

Source: FULL ARTICLE at Forbes Latest

Thoughts On Vacation, Fishing And Summer Reading

By Karl Shmavonian, Forbes Staff

It’s that time of year, when anybody and everybody heads to all points of the world to enjoy vacation. One item on the menu for many vacationers: What to read while on roads, airplanes, lakes or oceans. Earnest readers spend a lot of time strategizing their vacation reading lists. Therefore, it seems appropriate that all of our quotes this time are from literary folk. Writer Ben Dolnick sums up the summer reading menu: There are good books, even great books, that you read happily but with a faint feeling of duty. Then there are the books, often less pedigreed, that you read in a haze of compulsion, as if their pages emitted a drug. Summer is the season for the latter.” Colum McCann takes a disdainful view of this sort of reading: Whenever summer rolls around I begin to realize that I’m a complete and utter book snob. In relation to reading, I have absolutely no guilty pleasures at all. No graphic novels. No murder mysteries. My summer read is really no different from my winter read. I know many bookshops and magazines would have me believe that our summer forays are different, but literature is literature, and unfortunately snobbery is snobbery.” Humorist Bill Bryson is of the opinion that you might as well sit at home and do your reading: What an odd thing tourism is. You fly off to a strange land, eagerly abandoning all the comforts of home, and then expend vast quantities of time and money in a largely futile attempt to recapture the comforts that you wouldn’t have lost if you hadn’t left home in the first place.” Aldous Huxley echoes Bryson’s sentiments: To travel is to discover that everybody is wrong. The philosophies, the civilizations which seem, at a distance, so superior to those current at home, all prove on a close inspection to be in their own way just as hopelessly imperfect.” Christopher Hitchens speaks for those of us who have never understood fishing as a vacation activity: For me, the life of the angler is an almost flawless example of how not to have a good time.” Stephen Leacock takes an opposing view: ‘Angling’ is the name given to fishing by people who can’t fish. Clive James sums up another aquatic vacation activity that often ends up badly: A luxury liner is just a bad play surrounded by water.” P.J. O’Rourke gives this historical twist on vacations: Everybody in 15th century Spain was wrong about where China was and as a result, Columbus discovered Caribbean vacations.” Finally, FORBES magazine founder B.C. Forbes has this eminently sensible prescription: Temporary release from work, through vacations, becomes more welcome, more pleasurable, even more necessary, as we grow older.”   …read more

Source: FULL ARTICLE at Forbes Latest

$32 Million In 31 Days?

By Karsten Strauss, Forbes Staff

On paper it seems an almost impossible goal: raise $32 million in a month through a crowdfunding campaign in order to roll out a new high-end cellular phone. But that’s exactly what UK-based technology company, Canonical, is looking to do. The company created Ubuntu (pronounced Oo-Boon-Too), a Linux-based operating system that integrates PC, tablet, mobile and television formats. Its newest smartphone project – which is called The Ubuntu Edge – will be its first piece of phone hardware, if it’s funded. The phone will boast a 4.5-inch sapphire crystal screen, 720p screen with a multi-core processor, 4GB of RAM, dual LTE antennas and 128GB of storage. The Edge will run Ubuntu’s OS as well as Android, according to its campaign pitch. Price? You can buy one through the crowdfunding campaign for $830. (See Canonical’s  pitch of The Ubuntu Edge below) But can the company reach its $32 million mark? As of July 23, the campaign had raised almost $3.5 million on Indiegogo. The best reason to believe that the company can is Canonical’s 39-year-old CEO and founder, Mark Shuttleworth. The successful, South African serial entrepreneur was not named one of FORBES’ “12 Most Disruptive Names In Business” this year for nothing. In a move akin to charging a heard of oncoming bulls, Shuttleworth has puts his company head to head with deeply entrenched competitors by crafting a third operating system that plays in multiple device categories. In the mobile space, Ubuntu is up against Apple’s OS and Google’s Android, among others. In the PC realm – where Shuttleworth estimates some 20 million use Ubuntu– Microsoft is king. The company also has ambitions in the TV space. Shuttleworth’s obviously not one to do things the easy way (his idea of vacation spots have included Antarctica and the International Space Station). …read more

Source: FULL ARTICLE at Forbes Latest

5 Ways To Drive Innovation In Products (And Why Toasters Still Just Make Toast)

By Karsten Strauss

As chief innovation officer at Massachusetts-based design consulting firm Altitude, Heather Andrus has seen firsthand that companies are bending over backwards to beef up products with connectivity to cloud services?regardless of whether it makes sense. Phones, computers and tablets have so far been the focus of developers and entrepreneurs but one area that has yet to see a lot of smart, cloud-based innovation that consumers really love is in home appliances and gadgets.
?It?s really about finding a way to leverage the value for the consumer and use connectivity to deliver that,? Andrus told FORBES. ?And a lot of clients just think, ?if it?s connected, people will love it.??
The fact is that companies may not be putting enough thought into exactly how to harness technology and connection between the cloud and devices, creating a possibly silly combination that will not resound with consumers. ?For how long have we been hearing about the refrigerator that orders our groceries?? Ms. Andrus wrote regarding connectivity and product innovation.
Andrus has some advice for companies that want to inject state of the art features to products for the home. With an emphasis on the ubiquitous smartphone as a controller, innovation in household gadgets can be engaging and make sense if companies remember to focus on a product?s true function, using technology to enhance that function and changing business models to fit a new consumer and a new economy.
1) Interface Is Key
The way a consumer interacts with a product is the first connection point and needs to be compelling. According to Andrus, the modern smartphone has already been accepted by users and consumers, and companies that want to install wirelessly-connected, data-gathering tech should leverage it. After all, using the phone lowers the cost of producing the product because you don?t have to build a display screen?the phone already has one.
Andrus points to the Withings baby monitor as an example of how this smartphone-hardware synergy can work, offering high quality camera technology along with a corresponding app.
2) Operate From Anywhere
Sticking with the smartphone theme, users? phones can act as a remote control for any number of products in their lives. Andrus is a fan of Samsung SmartHome WiFi Washer & Dryer?an important piece of home hardware that can be controlled by a phone, complete with alerts that notify you when you?re clothes are clean and allows you to change functions remotely.
3) Provide Useful Information …read more

Source: FULL ARTICLE at Forbes Technology

SAP co-CEO McDermott On Turning Around Mixed Q2 Results: 'We Are Getting The Memo'

By Alex Konrad, Forbes Staff

SAP earnings announced Thursday morning didn’t meet analyst expectations with earnings missing and software revenue growing at 10%, lower than earlier estimates of 12-13%. The company’s stock has taken a tumble on the news, down $2.15, or about 2.8 percent, as of 4pm ET. But SAP reaffirmed its operating profit outlook for the full year despite its slowed revenue growth for the quarter, and co-CEO Bill McDermott spoke with FORBES to explain how the company will bounce back by year’s end. …read more

Source: FULL ARTICLE at Forbes Latest

The World’s Most Inventive Cities: Forbes

By The Huffington Post News Editors

FORBES:

Tiny, biodegradable implants known as Bioneedles may soon replace the syringe, vial and needle trifecta as the standard delivery mechanism for vaccines.

If they are as clean, cheap and reliable as many medical researchers believe, Bioneedles will reduce hepatitis and HIV infection and vaccinate 25 million more children worldwide.

Read More…
More on San Diego

…read more

Source: FULL ARTICLE at Huffington Post

First Look: StyleSaint Turns Community Inspiration Into A Real Fashion Collection

By Lydia Dishman, Contributor

File this one under: it was only a matter of time. After the proliferation of Pinterest-like sites inviting users to curate their own little corner of the Web, StyleSaint, an LA-based fashion platform, is taking all those tear sheets to the next level. “We are taking content from our community to turn into products that didn’t exist,” co-founder Allison Beal tells FORBES. …read more

Source: FULL ARTICLE at Forbes Latest

Inside One of Austin's Anti-SXSW Music Festivals

By Zack O’Malley Greenburg, Forbes Staff

The South by Southwest music festival in Austin, Texas wrapped up late last month, but here at FORBES, we’re bringing you one last video from the Lone Star State. Its subject: the Music Ranch, one of the “Anti-SXSW” festivals that now spring up every March.

From: http://www.forbes.com/sites/zackomalleygreenburg/2013/04/13/inside-one-of-austins-anti-sxsw-music-festivals/

New York Knicks Power Forward Amar'e Stoudemire To Be Featured In Documentary

By Darren Heitner, Contributor

New York Knicks power forward Amar’e Stoudemire’s Twitter biography includes the words “Actor” and “Producer”.  He is working hard to justify the inclusion of those two words in his bio.  While widely known for his prowess on the court, Stoudemire is much more than one of the world’s most dominant basketball player.  He is on a quest to bring a championship to New York before he finishes his career, but Stoudemire is also a philanthropist who works to give back to youth in America and Africa, which in an interview with FORBES, he said has been his biggest accomplishment off-the-court to date. …read more
Source: FULL ARTICLE at Forbes Latest

Inside Forbes: How a Magazine Can Help Drive a Powerful Digital Publishing Platform

By Lewis DVorkin, Forbes Staff

One of my many office habits is to stop and stare at a hallway wall leading to an elegant marble staircase. There I can scan 60 framed FORBES magazine covers dating back to October 2010. Thirty are photos of entrepreneurs of all ages. Ten are people with wealth, power or both. Another 10 are women shaking up business and government. Six are what you might call traditional CEOs. Three are philanthropists. The rest fall into a few broad categories. All are part of a no-nonsense, people-centric cover strategy — and each is core to the FORBES brand. When my eyes dart from one cover to the next, I see more than a print heritage. I realize the critical role our magazine plays in driving the dramatic growth of Forbes.com and the development of our innovative digital products. …read more
Source: FULL ARTICLE at Forbes Latest

When CEOs Get Terminated (by companies they founded)

By Karsten Strauss, Forbes Staff With RIM’s recent launch of its Blackberry 10, founder and board member Mike Lazaridis may have felt he’d, in some way, seen his company to safe harbor. “Safe” may be an overstatement, given competition in the mobile smartphone market these days and RIMs place in it, but let’s just say it gave him a positive event to step out on. But Lazaridis gave up CEO leadership at RIM over a year ago, some say due to shareholder pressure.  It must be a surreal moment to be cast aside by a company you’ve founded. At best it must be like being dunked on by your own son, at worst like being shot in the knee by him. No wonder Facebook founder Mark Zuckerburg took such a strong ownership stance with his company. A number of founding company leaders have been dressed down by their own companies, some are stories of betrayal, some failure and some of redemption.   In 2007, Jet Blue’s David Neeleman was pushed out of the top spot by the company he’d founded eight years prior. The reason? Service difficulties and the notion that JetBlue could have been more profitable with different leadership. Without skipping a beat, Neeleman stayed with the company and founded another airline, Azul, the following year. Aubrey McClendon founded Chesapeake Energy in 1982 at the age of 23. He announced this past January that he will step down as CEO amidst allegations of self-dealing, questionable business practices and a spendthrift nature. FORBES profiled McClendon in 2011, calling him America’s Most Reckless Billionaire. Possibly responsible for McClendon’s ouster is billionaire Carl Icahn, an investor with a presence on Chesapeake’s board, who felt he wasn’t cutting costs. In the wake of his departure announcement share prices have risen. Without the responsibility of running the company, McClendon may have time to complete the still unfinished massive wine cellar he began building in Oklahoma City in 2008. Win-win? Perhaps the most famous story of founder ouster is that of Steve Jobs. After hiring John Sculley as CEO in 1983, Jobs changed his mind about the former Pepsi President and conspired to have him removed. In a shocking twist, the Apple board sided with Sculley and Jobs was removed from his managerial role with Macintosh and resigned some months later. Following a failed but inspiring startup, NeXT Computer, and the acquisition of what would become Pixar, Apple’s purchase of NeXT brought Jobs back to Apple leadership and the rest, as they say, is history. Jobs has confessed that his ouster from Apple had been instrumental in his education and allowed him to develop his creativity and leadership. …read more
Source: FULL ARTICLE at Forbes Latest

Warren Buffett, Fourth Richest Person But Closing In On Spain's Amancio Ortega At No. 3

By Erin Carlyle, Forbes Staff

Billionaire Warren Buffett  remains the world’s fourth richest person today after trading, with a net worth FORBES estimates at $53.9 billion. But he is closing in on the world’s third-richest, Zara billionaire Amancio Ortega. …read more
Source: FULL ARTICLE at Forbes Latest

Adidas Poised To Make Deep Run In 2013 NCAA Tournament

By Darren Heitner, Contributor

The Louisville Cardinals will begin the 2013 NCAA Tournament as the No. 1 overall seed in the competition, but that is not the only achievement the team should be proud about.  It also leads all other college basketball programs in value, according to FORBES‘ newly released list of college basketball’s most valuable teams.  It marks the second consecutive year that the Cardinals own the top spot in the valuation competition, with the Kansas Jayhawks in second place (valued at $32.9 million).  There is a possibility that both teams meet in the Championship Game in Atlanta, Georgia on April 8.  It is unclear who would win such a match-up, but one thing is certain: If the Jayhawks play the Cardinals, it will be a multi-million dollar win for Adidas. …read more
Source: FULL ARTICLE at Forbes Latest

Billionaire Anschutz's AEG No Longer For Sale, Longtime CEO Departs

By Ryan Mac, Forbes Staff

Billionaire Philip Anschutz has taken his eponymous media, real estate and sports empire off the auction block. The CEO of Anschutz Entertainment Group, Tim Leiweke, will also be leaving the company. The Anschutz Entertainment Group announced Thursday that Chairman Anschutz would retain ownership of the company and “resume a more active role,” according to a press release. That decision ends months of speculation surrounding the possible sale of a conglomerate valued by FORBES to be worth between $8 and $10 billion. Anschutz has been looking for a buyer since last fall and hired the Blackstone Group–the same firm that handled the sale of the Los Angeles Dodgers–to explore the sale. While there were plenty of reports linking AEG to possible suitors, among them billionaires Patrick Soon-Shiong and Oracle CEO Larry Ellison, a deal never materialized. “From the very beginning of the sales process, we have made it clear to our employees and partners throughout the world that unless the right buyer came forward with a transaction on acceptable terms we would not sell the Company,” said Anschutz in a statement. An enterprise that lacks comparison, AEG owns some of the world’s largest entertainment venues, including Los Angeles‘ Staples Center and London’s O2 Arena, and maintains stakes in sports teams, among them a 27% stake in the Los Angeles Lakers and full ownership of the Los Angeles Galaxy. The company is also heavily involved in real estate development  and sports and entertainment ticketing. According to sources close to the company, AEG generates annual operating income (earnings before interest, taxes, depreciation and amortization) in excess of $300 million and has less than 20% debt on its balance sheet. Anschutz’s decision to keep AEG comes in light of more setbacks to the company’s planned National Football League stadium in Los Angeles. Last week, Yahoo! Sports reported that the $1.8 billion plan to build a football venue in the heart of L.A. was “unworkable,” according to sources sources within the NFL. Los Angeles, the nation’s second most populous city, currently lacks a professional football team. The stadium issues and the failure to find a buyer for AEG has also led to a shakeup within the company. AEG CEO Time Leiweke, who has served in that position since 1996, will leave the company “by mutual agreement,” according to the press release, and will be replaced by former COO and CFO Dan Beckerman. “Priority projects going forward include the development of Farmers Field adjacent to our L.A. Live campus and the pursuit of our plan to bring the NFL back to Los Angeles,” said Beckerman in a statement. Additional reporting by Brian Solomon and Mike Ozanian in New York.  Follow me on Twitter at @RMac18. …read more
Source: FULL ARTICLE at Forbes Latest

Five Startup Lessons From GoPro Founder And Billionaire Nick Woodman

By Ryan Mac, Forbes Staff

The most recent issue of FORBES features the story of Nicholas Woodman, the surf fanatic turned entrepreneur who made his debut appearance on the World’s Billionaires List earlier this month. The founder and CEO of digital camcorder company GoPro, 37-year-old Woodman has turned an initial idea to tether cameras to athletes’ wrists into a social phenomenon valued at $2.25 billion. …read more
Source: FULL ARTICLE at Forbes Latest