Steve Jobs Podcast
http://www.divshare.com/download/15838175-844
Friday, September 30, 2011
Sunday, October 24, 2010
President meets with Steve Jobs
Source: New York Times online
Author: Helene Cooper
Date: October 21, 2010
While President Obama was in San Francisco on Thursday he made time to meet Steve Jobs, the Chief Executive of Apple Computer, Inc. It was reported that they discussed the economy, education, innovation, and technology, but the details were scarce. It will be interesting to follow this and see if it is ever released what exactly was discussed. President Obama is reaching out to business for advice, which is good.
Author: Helene Cooper
Date: October 21, 2010
While President Obama was in San Francisco on Thursday he made time to meet Steve Jobs, the Chief Executive of Apple Computer, Inc. It was reported that they discussed the economy, education, innovation, and technology, but the details were scarce. It will be interesting to follow this and see if it is ever released what exactly was discussed. President Obama is reaching out to business for advice, which is good.
Wednesday, October 20, 2010
BP $20 billion fund.....good or bad?
It seemed like a miracle that our President was able to convince BP toestablish a $20 billion escrow fund to compensate those hurt by the oil plume inthe Gulf of Mexico. After all, he had no constitutional power to forcethem to do so; so had to resort to Chicago-style negotiating.Ever wonder why BP made the concession so quickly?
Take a closer look at the effect on BP’s finances for the answer:
1. BP will establish a $20 billion fund, but will pay only $7 billion intoit during 2010.
2. BP is a British corporation, but has a very large operating entity inthe US . However, only about 30% of its income is derived from the US .
3. By Generally Accepted Accounting Principles (GAAP), BP must book theentire $20 billion expense in the year accrued. Therefore, they will book a $20billion expense in 2010, reducing their US tax liability by $7 billion.
4. The President also convinced this massive corporation to show their concern for the “small people” by withholding dividends to their shareholders for the last 3 quarters of 2010. This reduces their outward cash flow by about $7.5 billion, including approximately 40% of that amount to US citizens.If the Bush tax cuts survive through 2010, the US Treasury will lose another$450 million in taxes on that amount. No need to even discuss the effect on the US economy.
Now, let ' s summarize the results into bullet points easily understood byall.BP Cash Flow:
o Escrow funding ($7 billion)
o Dividend saving $7.5 billion
o Tax savings $7 billion
o Net favorable cash flow: $7.5 billion
US Treasury Tax Receipts:
o from BP Corporate income tax .... minus $7.5 billion
o from BP Shareholders’ income tax ..... minus $0.45 billion
o Net loss of US dividend income tax receipts ..... minus $3.0 billion
o Total tax receipts loss: $10.95 billion.
A huge hit!Many feared this would happen. After all, our President was the mostinexperienced man in the room.
Take a closer look at the effect on BP’s finances for the answer:
1. BP will establish a $20 billion fund, but will pay only $7 billion intoit during 2010.
2. BP is a British corporation, but has a very large operating entity inthe US . However, only about 30% of its income is derived from the US .
3. By Generally Accepted Accounting Principles (GAAP), BP must book theentire $20 billion expense in the year accrued. Therefore, they will book a $20billion expense in 2010, reducing their US tax liability by $7 billion.
4. The President also convinced this massive corporation to show their concern for the “small people” by withholding dividends to their shareholders for the last 3 quarters of 2010. This reduces their outward cash flow by about $7.5 billion, including approximately 40% of that amount to US citizens.If the Bush tax cuts survive through 2010, the US Treasury will lose another$450 million in taxes on that amount. No need to even discuss the effect on the US economy.
Now, let ' s summarize the results into bullet points easily understood byall.BP Cash Flow:
o Escrow funding ($7 billion)
o Dividend saving $7.5 billion
o Tax savings $7 billion
o Net favorable cash flow: $7.5 billion
US Treasury Tax Receipts:
o from BP Corporate income tax .... minus $7.5 billion
o from BP Shareholders’ income tax ..... minus $0.45 billion
o Net loss of US dividend income tax receipts ..... minus $3.0 billion
o Total tax receipts loss: $10.95 billion.
A huge hit!Many feared this would happen. After all, our President was the mostinexperienced man in the room.
Monday, August 30, 2010
Title: Decoding the New Consumer
Periodical: Inc. September 2010
Author: John Gerzema
Review:This article focussed on consumer spending habits over the last two years. People are doing more projects on their own and more thrifty with their spending. Also, consumers are researching companies values more and only patronizing the companies that match thier values. Some of the basic values that cross all social and economic groups include; transparency, honesty, kindness, good stewardship, and humor.
Consumers are becoming more self-reliant and looking for ways to produce what is needed instead of purchasing needs. More people are bartering, exchanging goods for goods or goods for services (skills) instead of cash-this creates an opportunity to provide the materials and tools to reinforce this trend. Consumers are looking for companies that can feel their pain economically. Hyundai sales rose 12% during the dismal economic times by saying to consumers, "if you lose your job, you can return your car". Research is showing that in today's economic times it is more challenging to sell a $1,000 item that is the latest version of something that you may already own. Companies have to find ways to convince consumers that the new item will provide a better experience, while advancing energy efficiency and quality that will yield some savings to the consumer.
Microsoft is beating Apple in reputation, leadership, and being the best "brand", because of Bill Gates philanthropy. If the top level management can be identified as making the world a better place will help the companies reputation. Microsoft has a program called Elevate America, where they are retraining over 2 million Americans in the next 3 years in technology to help retool and leverage the technology that business have available. This article is a new, fresh perspective on how businesses can be successful and some ways that todays companies are creating ideas to meet the changing consumers. This was a great article.
Periodical: Inc. September 2010
Author: John Gerzema
Review:This article focussed on consumer spending habits over the last two years. People are doing more projects on their own and more thrifty with their spending. Also, consumers are researching companies values more and only patronizing the companies that match thier values. Some of the basic values that cross all social and economic groups include; transparency, honesty, kindness, good stewardship, and humor.
Consumers are becoming more self-reliant and looking for ways to produce what is needed instead of purchasing needs. More people are bartering, exchanging goods for goods or goods for services (skills) instead of cash-this creates an opportunity to provide the materials and tools to reinforce this trend. Consumers are looking for companies that can feel their pain economically. Hyundai sales rose 12% during the dismal economic times by saying to consumers, "if you lose your job, you can return your car". Research is showing that in today's economic times it is more challenging to sell a $1,000 item that is the latest version of something that you may already own. Companies have to find ways to convince consumers that the new item will provide a better experience, while advancing energy efficiency and quality that will yield some savings to the consumer.
Microsoft is beating Apple in reputation, leadership, and being the best "brand", because of Bill Gates philanthropy. If the top level management can be identified as making the world a better place will help the companies reputation. Microsoft has a program called Elevate America, where they are retraining over 2 million Americans in the next 3 years in technology to help retool and leverage the technology that business have available. This article is a new, fresh perspective on how businesses can be successful and some ways that todays companies are creating ideas to meet the changing consumers. This was a great article.
Wednesday, August 18, 2010
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