How Best Buy defused a power struggle time bomb. By Steven Snyder Best Buy CEO Hubert Joly FORTUNE – Following a drawn out standoff between current Best Buy (BBY) CEO Hubert Joly and company founder Richard Schulze, the electronics chain announced last week that Schulze would be returning to the company as chairman emeritus. The news came on the heels of a contentious campaign by Schulze to retake control of the company through a leveraged buyout plan, which concluded on February 28 without a final bid. Markets have reacted positively to the new alliance, and this move brings Joly one step closer to turning around the flagging big-box retailer. While there is plenty of work to be done at Best Buy, Joly's ability to resolve what has been one of the biggest sticking points of his effort thus far should not be understated.
MORE: On immigration, should America be more like Canada? Joly was hired as CEO with no retail experience and by the same board that had ousted Schulze. Show humility Tap your relationships to defuse tension. Diviértete y gana mientras te adentras en la cultura financiera. Fomentando la cultura financiera “Si crees que la BMV es una marca de coches, debes participar”, dice la publicidad del Cuarto Reto Actinver Imagen, el cual tiene como objetivo que la gente aprenda a través de su participación cómo funciona el mercado financiero, en especial el de capitales.
En entrevista con Dinero en Imagen Luis Moyano, Director del Reto, dijo que el reto busca llevar la cultura financiera a la gente para que vean que es posible invertir en la bolsa y que no se necesita ser “un gran matemático” para entender cómo se mueven las acciones y ganar dinero. Prueba de ellos es que los ganadores del primer lugar en ediciones anteriores han sido una contadora, pero también un abogado y un ama de casa. Otros de los premiados incluyen a una cantante de jazz y un estudiante de medicina. La finalidad del Reto va muy de la mano con la esencia de Actinver, banco de inversión 100% mexicano que cuenta ya con 17 años de historia. El Reto como vehículo de aprendizaje ¿Cómo funciona? Wonkblog. Lagarde Relives Own Past as She Seeks More Women at IMF. Christine Lagarde’s memory of an interview with a law firm in France at the start of her career still stings after three decades.
Lagarde says she was told she would never become a partner because of her gender. “I said, ’Is that the case? Thank you very much.’ I turned around, left and never went back to that firm,” she told students graduating from Harvard University’s Kennedy School of Government last year. Now the first female managing director of the International Monetary Fund, Lagarde is in a position to offer women more appealing career prospects at the 188-member global organization, which lends to countries in crisis. After 18 months in the job, she’s finding it’s not easy to shift the gender balance at an institution long dominated by men.
By the fund’s own account, it has some catching up to do: Women at the Washington-based IMF hold about 21 percent of management jobs, less than at any peer institution including the World Bank and the European Commission. Close Open Fewer Women. Call Of The Wolf. Long before Martin Wolf became the chief economics columnist for the Financial Times, he wrote the newspaper letters--lots and lots of letters. It was the early 1980s, the height of the Thatcher era, and Wolf was running research at a think tank in London that was sympathetic to the government's pro-trade agenda. The FT's letters section became the ideal place to take to task all those who would stand in the way of the first waves of globalization. With a British gentleman's cutting subtlety, Wolf parried with other letter writers over everything from tariffs to agricultural subsidies to the German textile industry.
He assailed the arguments of a Mr. Mitchell as " 'codswollop' raised to a high power. " Taking apart the logic of one Mr. How does Mr Smith reach his conclusion? When stated in the above way, the argument looks a little silly. Today, Martin Wolf has moved on to bigger targets than Mr. Wolf was born in 1946 in London. Julia Ioffe is a writer in New York City. Can You Fight Poverty With a Five-Star Hotel? - By Cheryl Strauss Einhorn. Accra is a city of choking red dust where almost no rain falls for three months at a time and clothes hung out on a line dry in 15 minutes. So the new five-star Mövenpick hotel affords a haven of sorts in Ghana's crowded capital, with manicured lawns, amply watered vegetation, and uniformed waiters gliding poolside on roller skates to offer icy drinks to guests. A high concrete wall rings the grounds, keeping out the city's overflowing poor who hawk goods in the street by day and the homeless who lie on the sidewalks by night.
The Mövenpick, which opened in 2011, fits the model of a modern international luxury hotel, with 260 rooms, seven floors, and 13,500 square feet of retail space displaying $2,000 Italian handbags and other wares. But it is exceptional in at least one respect: It was financed by a combination of two very different entities: a multibillion-dollar investment company largely controlled by a Saudi prince, and the poverty-fighting World Bank. But the policies continue. Google Guide Quick Reference: Google Advanced Operators (Cheat Sheet) The following table lists the search operators that work with each Google search service. Click on an operator to jump to its description — or, to read about all of the operators, simply scroll down and read all of this page. The following is an alphabetical list of the search operators. This list includes operators that are not officially supported by Google and not listed in Google’s online help. Each entry typically includes the syntax, the capabilities, and an example.
Some of the search operators won’t work as intended if you put a space between the colon (:) and the subsequent query word. Allinanchor: If you start your query with allinanchor:, Google restricts results to pages containing all query terms you specify in the anchor text on links to the page. Anchor text is the text on a page that is linked to another web page or a different place on the current page. Allintext: allintitle: allinurl: In URLs, words are often run together. Author: cache: define: ext: filetype: group: id: inanchor: Analysis: Women challenge central banking men's club. "My Speech to the Finance Graduates" by Robert J. Shiller. Exit from comment view mode. Click to hide this space NEW HAVEN – At this time of year, at graduation ceremonies in America and elsewhere, those about to leave university often hear some final words of advice before receiving their diplomas.
To those interested in pursuing careers in finance – or related careers in insurance, accounting, auditing, law, or corporate management – I submit the following address: Best of luck to you as you leave the academy for your chosen professions in finance. Over the course of your careers, Wall Street and its kindred institutions will need you. Your training in financial theory, economics, mathematics, and statistics will serve you well. But your lessons in history, philosophy, and literature will be just as important, because it is vital not only that you have the right tools, but also that you never lose sight of the purposes and overriding social goals of finance. Good luck in reinventing finance. Why don't policymakers ever admit they were wrong. A couple of weeks ago, psychiatrist Robert Spitzer made the news by writing a short but sincere apology to the gay community for his earlier support of "reparative therapy" intended to "cure" homosexuality.
He now regards the 2003 experiments that seemed to show success for this "treatment" were irredeemably flawed, and he regrets any role he might have played in reinforcing anti-gay stereotypes. Good for him. Spitzer's recantation got me thinking: Why do we so rarely see foreign policy mavens offer similar apologies for obvious screw-ups? None of us is infallible, but powerful people sometimes make colossal blunders that lead to enormous human suffering. When that happens, it really does merit a mea culpa from those responsible. At this point, don't you think that William Kristol owes his fellow citizens an apology for his repeated war-mongering about Iraq, a war that cost the United States over a trillion dollars, killed thousands of people, and created millions of refugees? 4 Politically Controversial Issues Where All Economists Agree - Megan McArdle - Business. Adam Ozimek -- blogger at Modeled Behavior and associate at Econsult Corporation In reading the sometimes polarized debate in the economics blogosphere, the discipline often appears to suffer from an excess of disagreement and uncertainty.
But this is more about the incentives economists face when writing and speaking in the public sphere than the actual state of knowledge in the field. In reality economists agree about a lot of things, and in many cases they do so with a high degree of certainty. This fact is on display frequently at the IGM Economic Experts Panel from the University of Chicago. This is a panel of 41 of the worlds top economists who are offered statements about economic policy to which they can indicate whether they agree, disagree, or are uncertain.
In addition they rate the certainty of their answer on a scale of 1 to 10, which allows the answers to be weighted. The benefits of free trade and NAFTA far outweigh the costs The Gold Standard is a Terrible Idea. "Occupy the Classroom?" by Dani Rodrik. Exit from comment view mode. Click to hide this space CAMBRIDGE – Early last month, a group of students staged a walkout in Harvard’s popular introductory economics course, Economics 10, taught by my colleague Greg Mankiw. Their complaint: the course propagates conservative ideology in the guise of economic science and helps perpetuate social inequality. The students were part of a growing chorus of protest against modern economics as it is taught in the world’s leading academic institutions. Mankiw, for his part, found the protesting students “poorly informed.”
Indeed, though you may be excused for skepticism if you have not immersed yourself in years of advanced study in economics, coursework in a typical economics doctoral program produces a bewildering variety of policy prescriptions depending on the specific context. Consider the global financial crisis. In my book The Globalization Paradox, I contemplate the following thought experiment.