Sunday Night Futures by Bill McBride on 9/22/2013 09:59:00 PM From Jon Hilsenrath at the WSJ: Yellen Would Bring Tougher Tone to Fed Janet Yellen, the lead candidate to succeed Federal Reserve Chairman Ben Bernanke, brings a demanding and harder-driving leadership style to the central bank, in contrast to Mr. Bernanke's low-key and often understated approach.Ms. Yellen, the Fed vice chairwoman, is highly regarded by many central bank staff members, who call her an effective leader with a sharp mind. I believe Yellen will be an excellent Fed Chair. Monday: • 8:30 AM ET, the Chicago Fed National Activity Index for August. • At 9:00 AM, the Markit US PMI Manufacturing Index Flash for September. Weekend: • Schedule for Week of September 22nd • Preliminary annual Employment benchmark revision to be released Thursday The Nikkei is down about 0.2%. From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are flat and DOW futures are up slightly (fair value).
Herb Kelleher Herbert "Herb" David Kelleher (born March 12, 1931) is the co-founder, Chairman Emeritus, and former CEO of Southwest Airlines (based in the United States). Early life and career[edit] Kelleher was born in Camden, New Jersey on March 12, 1931 and raised in Audubon, New Jersey, where he graduated from Haddon Heights High School.[1] He has a bachelor's degree from Wesleyan University where he was an Olin Scholar and where his major was English and his minor Philosophy, and a Juris Doctor from New York University where he was a Root-Tilden Scholar.[2] At Wesleyan he was a member of Delta Kappa Epsilon fraternity. He is married to the former Joan Negley and they have four children. Career[edit] The Kellehers moved to Texas intending to start a law firm or a business. In July 2010 Kelleher was appointed Chair of the Federal Reserve Bank of Dallas board of directors for 2011.[5] Kelleher's term will expire in 2013. Awards[edit] References[edit] External links[edit]
Pareto principle The Pareto Principle asserts that only a "vital few" peapods produce the majority of peas. The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity)[1][2] states that, for many events, roughly 80% of the effects come from 20% of the causes.[3] Management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who noted the 80/20 connection while at the University of Lausanne in 1896, as published in his first work, Cours d'économie politique. It is an axiom of business management that "80% of sales come from 20% of clients".[4] Richard Koch authored the book, The 80/20 Principle, which illustrated some practical applications of the Pareto principle in business management and life.[5] The Pareto principle is only tangentially related to Pareto efficiency. In economics[edit] The original observation was in connection with population and wealth. In software[edit] In sports[edit]
Eugène Schueller Eugène Paul Louis Schueller (20 March 1881 Paris – 23 August 1957) was the founder of L'Oréal, the world's leading company in cosmetics and beauty. He was one of the founders of modern advertising. Career with L'Oréal[edit] As a young French chemist and 1904 graduate of the Institut de Chimie Appliquée de Paris (now Chimie ParisTech), Eugene Schueller developed in 1907 an innovative hair-color formula. In 1909, he registered his company, the "Société Française de Teintures Inoffensives pour Cheveux", the future L'Oréal. Controversy[edit] During the early twentieth century, Schueller provided financial support and held meetings for La Cagoule at L'Oréal headquarters. Family[edit] Schueller's daughter, Liliane Bettencourt, is the widow of André Bettencourt with whom she had one daughter, Françoise Bettencourt Meyers, a member of L'Oréal's board of directors. Legacy[edit] The head office of L'Oréal in Clichy, Hauts-de-Seine is named Centre Eugène Schueller.[3] References[edit]
Michael Dell Michael Saul Dell (born February 23, 1965) is an American business magnate, investor, philanthropist, and author. He is known as the founder and CEO of Dell Inc., one of the world’s leading sellers of personal computers (PCs). He was ranked the 41st richest person in the world on 2012 Forbes list of billionaires, with a net worth of US$15.9 billion as of March 2012.[1] In 2011, his 243.35 million shares of Dell stock were worth $3.5 billion, giving him 12% ownership of the company.[2] His remaining wealth of roughly $10 billion is invested in other companies and is managed by a firm whose name, MSD Capital, incorporates Dell's initials.[3] On January 5, 2013 it was announced that Michael Dell had bid to take Dell Inc. private for $24.4 billion in the biggest leveraged buyout since the Great Recession. Early life[edit] Business career[edit] A PC's Limited Turbo PC signed by Dell In 1998, Dell founded MSD Capital L.P. to manage his family's investments. Penalty[edit] Accolades[edit]
Steve Jobs American business magnate (1955–2011) Steven Paul Jobs (February 24, 1955 – October 5, 2011) was an American entrepreneur, industrial designer, business magnate, media proprietor, and investor. He was the co-founder, chairman, and CEO of Apple; the chairman and majority shareholder of Pixar; a member of The Walt Disney Company's board of directors following its acquisition of Pixar; and the founder, chairman, and CEO of NeXT. He is widely recognized as a pioneer of the personal computer revolution of the 1970s and 1980s, along with his early business partner and fellow Apple co-founder Steve Wozniak. Jobs was born in San Francisco to a Syrian father and German-American mother. In 1985, Jobs was forced out of Apple after a long power struggle with the company's board and its then-CEO, John Sculley. Background Family Abdulfattah "John" Jandali was born and raised in an Arab Muslim household in Homs, Syria. Early life —Steve Jobs, 1995[12] Childhood —Steve Jobs Homestead High Reed College Pre-Apple
Hasmukhbhai Parekh Hasmukhbhai Parekh (born March 10, 1911) (died 1994) was an Indian financial entrepreneur, writer, and philanthropist. He played a role in the development of Industrial Credit & Investment Corporation of India, now ICICI Bank, founded the Housing Development Finance Corporation, and in 1992 was awarded the Padma Bhushan for his contribution to the finance industry in India. The London School of Economics also conferred on him an honorary fellowship. Hasmukhbhai Parekh belonged to a Gujarati vaishnav-Bania family from Surat, Gujarat. At 68, when he had already received many honours and was stepping down from ICICI, he started a new institution, the Housing Development Finance Corporation (HDFC), the first of its kind for housing finance in India. Daniel Patrick Moynihan Early life and education[edit] Political career[edit] Moynihan's political career started in the 1950s when he served as a member of New York governor Averell Harriman's staff, a stint which ended following Harriman's loss to Nelson Rockefeller in the 1958 general election. Assistant Secretary of Labor; controversy over the War on Poverty[edit] Moynihan was an Assistant Secretary of Labor for policy in the Kennedy Administration and in the early part of the Lyndon Johnson Administration. They took inspiration from the book Slavery written by Stanley Elkins. Moynihan issued his research under the title The Negro Family: The Case For National Action, now commonly known as The Moynihan Report. Local New York City politics and academic career[edit] By the 1964 election, Moynihan was politically supporting Robert F. Nixon Administration[edit] Connecting with President-elect Richard Nixon in 1968, Moynihan joined Nixon's White House Staff as Counselor to the President for Urban Affairs.
Bruce Kovner Bruce Stanley Kovner (born 1945 in Bronx, New York ) is an American businessman . He is the founder and Chairman of Caxton Associates , a hedge fund that trades a global macro strategy and is considered amongst the worlds top and largest 10 hedge funds with an estimated $14 billion under management . [ 4 ] In March 2011, Kovner had an estimated net worth of around $4.5 billion. [ 5 ] Described as secretive even by family and friends, the divorcee is perhaps one of the least known New York City billionaires outside of professional circles. His Caxton Associates, despite the large amount of assets under management , is known to be amongst the top 25 most enigmatic and secretive hedge funds globally. [ 6 ] He is a leading philanthropist and former chairman of American Enterprise Institute . [ edit ] Biography Kovner was born into a Russian Jewish family who immigrated to Brooklyn, New York, in the early 1900s from Tsarist Russia , fleeing persecution for their left-wing and atheist beliefs.
Lionel Logue Lionel George Logue, CVO (26 February 1880 – 12 April 1953) was an Australian speech and language therapist and stage actor who successfully treated, among others, King George VI, who had a pronounced stammer. Early life and family[edit] Lionel George Logue was born in College Town, Adelaide, South Australia, the oldest of four children. His grandfather Edward Logue, originally from Dublin, set up Logue's Brewery in 1850, which, after Edward's death in 1868, would merge with the South Australian Brewing Company.[1] His parents were George Edward Logue, an accountant at his grandfather's brewery who later managed the Burnside Hotel and Elephant and Castle Hotel, and Lavinia Rankin.[2] Although not a Catholic himself, he was reportedly "a relation to Cardinal Logue", who was the Roman Catholic Archbishop of Armagh and Primate of All Ireland in the late 19th and early 20th centuries.[3] He attended Prince Alfred College between 1889 and 1896. Adelaide, 1896 Professional career[edit] Notes
David Sarnoff David Sarnoff (Belarusian: Даві́д Сарно́ў, Russian: Дави́д Сарно́в, February 27, 1891 – December 12, 1971) was a Belarusian-born American businessman and pioneer of American radio and television. Throughout most of his career he led the Radio Corporation of America (RCA) in various capacities from shortly after its founding in 1919 until his retirement in 1970. Sarnoff is credited with Sarnoff's law, which states that the value of a broadcast network is proportional to the number of viewers. Early life[edit] David Sarnoff was born to a Jewish family in Uzlyany, a small town in Belarus, to Abraham and Leah Sarnoff. Regarding the Titanic story, some modern media historians question whether Sarnoff was at the telegraph key at all. Over the next two years Sarnoff earned promotions to chief inspector and contracts manager for a company whose revenues swelled after Congress passed legislation mandating continuous staffing of commercial shipboard radio stations. RCA[edit] Sarnoff in 1922 RKO[edit]