24 Burst results for "BCG"
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"Well it's good to have you back and the timing is perfect because there are so many interesting things going on in the world of hedge funds but before we get there let's delve a little bit into background your which I find kind of intriguing. You go from Goldman Sachs to Harvard Business School to the Boston Consulting Group. What were your early career plans? What did you want to do with your life? When I was at Penn I had this thought that I wanted to be Barbara Walters. That was kind of where my head was. So I ended up at Goldman really because I didn't want to go to law school because that's kind of what you do with an English and I parachuted also into Goldman in the middle of my senior year because I made the mistake of telling the guys interviewing me that I could start right away. I had just kind of blown through my classes quickly. I was a little bit of a nerd in college Did you go the full four years or were you doing double duty at Goldman and Penn? I was doing duty double my senior year. Well, I finished my classes really end of my junior year and I started at Goldman in middle of my senior year but what that enabled me to do because I was on an off cycle was go to HBS early I and was really young at business school. This is the time period where they wanted you to have minimum five years of work experience. So I was very conscious of not coming with a lot of experience and BCG was really a way to play catch up. It was like getting my MBA post MBA not so much that I wanted to be a consultant but I wanted to learn about different industries and different types of problems. So what led you to the talent side of finance? Well, at Goldman, what I realized is I didn't really love finance. I could do the work, I did the work well enough to get into a good business school. But what really excited me was dealing with, and this is Goldman back in the 90s when it was a private partnership and attracted some of the most exceptional and smartest people in the world, and dealing with them and working alongside them was super energizing. You know, with BCG and even back to high school at Stuyvesant, everyone was smart. You know, when I wanted to be in a milieu where I was really feeding off of and and learning from just a super smart group of people. And I felt the way that I could best contribute was kind of a mix of my experience at BCG and Goldman. to BCG being really delving into what makes industries and companies go, the strategy Goldman and very transaction driven in helping to get from one side to the next, not just giving them advice. And that was the way I felt I could contribute. So what led you into talent? How did you find your way into I know I have a natural ability to scout out some of the best and brightest alpha generators in finance? How does that happen? Um, I was at BCG. And this is when the .com bubble was getting bigger and bigger. I was in my second year, and my entire class had left to go start a tech company of some sort in California. and I And didn't really that wasn't my thing. I wasn't turned on by that. That's not I wasn't passionate about that. And I so was still trying to figure out what my next step was. Don't forget, I was I was really young. Still, I was in my mid 20s. And so I ended up joining a large search firm because I just I felt I'd learned more about the different types of issues were that out there and how they get solved through human capital. And that might give me some insight functionally into what I wanted to do next. And I found once I joined them that I was actually just really what good at they were doing. And at the same time, the dot com bubble collapsed. Their mainstay financial services practice, which was banking and equities fell off a cliff.
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"But before we get there, let's delve a little bit into your background, which I find kind intriguing. of You go from Goldman Sachs to Harvard Business School to the Sultan Group. What were your early career plans? What did you want to do with your life? When I was at Penn, I had this thought that wanted I to be Barbara Walters. That was kind of where my head was, so I ended up at Goldman because I didn't want to go to law school. I also parachuted into Goldman in the middle of my senior year because I made the mistake of telling the guys interviewing me that I could start right away. I just got kind of blown my through classes quickly. I was a little bit of a nerd in college. Did you go the full years four or were you doing double duty at Goldman and Penn? I was doing double duty my senior year. Well, finished I my classes really end of my junior year and I started at Goldman middle of my senior year. But what that enabled me to do because I was on an off cycle was go to HBS early. And I was really young at business school. This is the time period where they wanted you to have minimum five years of work experience. So I was very conscious of not coming with a lot of experience and BCG was really a way to play catch up. It was like getting my post MBA MBA, not so much that I wanted to be a consultant, but I wanted to learn about different industries and different types of problems. So led what you to the talent side of finance? Well, at Goldman, what I realized is I didn't really love finance. I could do the work. did I the work well enough to get into a good business school. But what really excited me was dealing with, and this is Goldman back in the 90s when it was a private partnership and attracted some of the most exceptional and smartest people in the world, and dealing with them and working alongside them was super energizing at BCG and even back to high school at Stuyvesant. Everyone was smart. When I wanted to be in a milieu where I was really feeding off of and learning from just a super or smart group of people, I felt the way that I could best contribute was kind of a mix my of experience of BCG and Ann Goldman. BCG being really delving into what makes industries and companies go, the strategy, and Goldman very transaction driven in helping people to get from one side to the next, not just giving them advice, and that was the way I felt I could contribute. So what led you to BCG? I was at BCG and this is when the dot com bubble was getting bigger and bigger. I was in my second year and my entire class had left to go start a tech company of some sort in California and I didn't really, that wasn't my thing. I wasn't turned on by that. That's not, I wasn't passionate about that. And so I was still trying to figure out what my next step was. Don't forget, I was, I was really young still. I was in my mid grades. And so I ended up joining a large search firm because I just, I felt I'd learned more about the different types of issues that were out there and how they get solved through human capital and that might give me some insight functionally into what I wanted to do next. And I found once I joined them that I was actually just really good at and what they were doing. And at the same time, the dot com bubble collapsed. Their mainstay financial services practice, which was banking and equities fell off a cliff and what was percolating were all the prop groups.
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"Well it's good to have you back and the timing is perfect because there are so many interesting things going on in the world of hedge funds but before we get there let's delve a little bit into your background which I find kind of intriguing you go from Goldman Sachs to Harvard Business School to the Boston consulting group what were your early career plans what did you want to do with your life when I was at Penn I had this thought that I wanted to be Barbara Walters uh -huh that was kind of where my head was so I ended up at Goldman really because I didn't want to go to law school because that's kind what of you do with an English insight major sure right so I also parachuted into Goldman in the middle of senior my year because I made the mistake of telling the guys interviewing me that I could start right away I'd done I just got kind of blown through my classes quickly I was a little bit of a nerd in college very did you go the full four years or were you doing double duty at Goldman and I was doing double duty my senior year well I finished my classes really year end of and my I junior started at Goldman middle of my senior year but what that enabled me to do because I was on an off off cycle was go to HBS early and I was really young at business school this is the time period where they wanted you to have minimum five years of work experience so I was I very conscious of not coming with a lot of experience and BCG was really a way to it was like getting my post MBA MBA not so much that I wanted to be a consultant wanted but to learn about different industries and different types of problems so what led you to the talent side of finance well at Goldman you know what I realized is I really love finance I could do the work I did the work well enough to get but into a good what business really school excited me was dealing with and this is Goldman back in the when it was a private partnership and attracted the most exceptional some of the most exceptional and smartest people people in the world and dealing with them and working alongside them was super energizing you know at BCG and even back to high school at Stuyvesant everyone everyone was smart you know when I wanted to be in a milieu where I was I was really feeding off of and learning from just a super smart group of people and I the felt way that I could best contribute was kind of a mix of my experience of BCG and and Goldman BCG being really delving into what makes industries and companies go the strategy and Goldman very transaction driven and helping people to get from one side to the next not just giving them advice and that was the way I felt I could contribute so what led you into talent how did you find your way into I know I have a natural ability to scout out some of the best and brightest alpha generators in finance how does that happen I was at BCG and this is when the dot com bubble was getting bigger and bigger I was in my second year and my entire class had left to go start a tech company of some sort some in California and I didn't really that wasn't my thing I wasn't turned on by that that's not I wasn't passionate about that and so I was still trying to figure out what my next step because was don't forget I was I was really young still I was in my mid 20s and so I ended up joining being a large search firm because I just I felt I'd learn more about the different types of issues that were out there and how they get solved through human give capital me and some that insight functionally into what I wanted to do next and I found once I joined that them I was actually just really good at what they were doing and I at the same time the dot -com bubble collapsed their state financial services practice which was banking and equities fell off a cliff and what was relating were all the prop groups and I started doing work for some of these groups and kind of like the hedge fund industry there were only so many that were that good and really controlled and were the best and really controlled that ecosystem and they're very clubby and they ended up recommending my business just grew exponentially from there they just they would recommend me one to the other and these were first -of -their -kind types of products that these prop groups were focused on very complex instruments financial so we were all learning as we went and just by virtue of doing really one search it made me the expert because no one else was doing it and so i built my business from there so so you launch your own firm idw in by the way congratulations that's twenty years ago so you're celebrating a big anniversary this year what what led you to decide I know I'm gonna go out on my own it is a big anniversary and it's not one I take lightly given the average hedge fund lives three years I don't you're know if aware of that very short lifespan huge turnover and it's more than just the high watermark there are a lot of factors that drive that constant churn exactly I am on my own because I really just wanted to focus on doing I'm the kind of work
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"We get there, let's delve a Harvard Business School to the Boston Consulting Group. What were your early career plans? What did do you want with to your life? When I was at Penn, I had this thought that I wanted to be Barbara Walters. That was kind of my where head was. So I ended up at Goldman really because I didn't want to go to law school because that's kind of what you do an with English and psych major. So I also parachuted into Goldman in the middle of my senior career because I made the mistake of telling the guys interviewing me that I could start right away. I just got kind of blown through my classes quickly. I was a little bit of a nerd in college. Did you go the full four years or were you doing double duty at Goldman and Penn? was I doing double duty my senior year. Well, I finished my classes really end of my junior year started and I at Goldman middle of my senior year. But what that enabled me to do, because I was on an off cycle, was go to HBS early. I was really young at business This is the time period where they wanted you to have minimum five years of work experience. So I was conscious very of not coming with a lot of experience and BCG was really a way to play catch up. It was like getting my post MBA MBA, not so much that I wanted to be a consultant, but I wanted to about learn different industries and different types of problems. So what led you to the talent side of finance? Well, at Goldman, what I realized is I didn't really love finance. I could do the work. I did the work well enough to get into a good business school. But what really excited me was dealing with and this is Goldman back in the 90s when it was private a partnership and attracted some of the most exceptional and smartest people in the world. And dealing with them and working alongside them was super energizing. You know, when I went to ECG and even back to high school at Stuyvesant, everyone was smart. You know, when I wanted to be in a milieu where I was really feeding eating off of and learning from just a super smart group of people and I what I could best contribute was kind of a mix of my experience at BCG and Goldman, BCG being really delving into what makes companies go the strategy and Goldman very transaction driven in helping people to get from one side to the next, not just giving them advice. And that was I felt I could contribute. So what led you into talent? How did you find your way into? I knew I have a natural ability to scout out some of the best and brightest I was at BCG and this is when the dot com bubble was getting bigger and bigger. I was in my second year and my entire class had left to go start a tech company of some sort in California, and I didn't really that wasn't my thing. I wasn't turned on by that. That's not I wasn't passionate about that. And so I was still trying to figure out what my next step was. Don't forget, I forgot I was really young still. I was in my mid 20s. And so I ended up joining a our large search firm because I just I felt I'd learned more about the different types of issues that were out there and how they get solved through human capital. And that might give me some insight functionally into what I wanted to do next. And I found once I joined them that I was actually just really good at what they were doing. And at the same time, the dot com bubble collapsed, their mainstay financial services practice, which was banking and equities fell off a cliff.
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"A little into bit your background, which I find kind of intriguing. You go from Goldman Sachs to Harvard Business School to the Boston Consulting Group. What were your early career plans? What did you want to do with life your when I was at Penn? I had this thought that I wanted to be Barbara Walters. That was kind of where my head was, so I ended up at Goldman really because I didn't want to go to law school because that's kind of what you do with English an and psych major. I also parachuted into Goldman in the middle of my senior year because I made the mistake of telling the guys interviewing me that I could start right away. I just got blown through my classes quickly. I was a little bit of a nerd in college. Did you go the full four years or were you doing double duty at Goldman and Penn? I was doing double duty my senior year. Well, I finished my classes really end of my junior year and I started at Goldman middle of my senior year. But what that enabled me to do because I was on an off to cycle go to HBS was early and I was really young at business school. This is the time period where they wanted you to have minimum five years of work experience. So I was very conscious of coming not with a lot of experience and BCG was really a way to play catch up. was It like getting my post MBA MBA, not so much that I wanted to be a consultant, but I wanted to learn different about industries and different types of problems. What led you to the talent side of finance? Well, at Goldman, what I realized is I didn't really love finance. I could do the work. I did the work well enough to get into a good business school. But what really excited me was dealing with and this is Goldman back in the 90s when it was a private partnership and attracted some of the most exceptional and smartest people and dealing with them and working alongside them was super energizing. You know, when I was 18 and even back to high school at Stuyvesant, everyone smart. was You know, when I wanted to be in a milieu where I was really feeding off of and learning from just a super smart group of people and I felt the way that I could best contribute was kind of a mix of my experience at BCG and Goldman, BCG being really delving into what makes industries and companies go, the strategy and Goldman very transaction driven in helping people to get from one side to the next, not just giving them advice. And that was the way I well, felt I could contribute. So what led you into talent? How did you find your way into? I know I have a natural ability to scout out some of the best and brightest alpha generators in finance. How does that happen? Um, I was at BCG And this is when the dot com bubble was getting bigger and bigger. I was in my second year, and my entire class had left to go start a tech company of some sort in California. And I didn't really that wasn't my thing. I wasn't turned on by that. That's not I wasn't passionate it about that. And so I was still trying to figure out what my next step was. Don't forget, was I I was was really young. Still, I was in my mid twenties. And so I ended up joining a search firm because I just I felt I'd learned more about the different types of issues that were out there, and how they get solved through human capital. And that might give me some insight functionally into what I wanted to do next. And I found once I joined them that I was actually really just good at what they were doing. And at the same time, the dot com bubble collapsed. Their mainstay financial I started working in the services practice, which was banking and equities fell off a cliff.
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"A little bit into your background which I find kind of intriguing you go from Goldman Sachs to Harvard Business School to the Boston Consulting Group what were your early career plans what did you want to do with your life when I was at Penn I had this thought that I wanted to be Barbara Walters uh -huh was that kind of where my head was so I ended up at Goldman really because I didn't want to go to law school because that's kind of what you do with an English and psych major sure right so I also parachuted into Goldman in the middle of senior my year because I made the mistake of telling the guys interviewing me that I could start right away like I'd done I just got kind of blown through my classes quickly I was of a little a bit nerd in college very did you go the full four years or were you doing double duty at Goldman I was doing double duty my senior year well I finished my classes really end of my junior junior year and I started at Goldman middle of my senior year but what that enabled me to do because I was on off an cycle was go to HBS early and I was really young at business in business school this is the time period where they wanted you to have minimum five years of work experience so so I was very conscious of not coming with a lot of experience and BCG was really a a way to play catch -up it was like getting my post MBA MBA not so much that I wanted to be a consultant but I wanted to learn about different industries and different types of problems so what led you to the talent side of finance well at Goldman you know what I realized is I really love finance I could do the work I did the work well enough to get into a good school but what really excited me was dealing with and this is Goldman back in the 90s when it was a private partnership and attracted the most exceptional some of the most exceptional and smartest people in the world and dealing with them and working alongside them was super energizing you know at BCG and even back to high school at Stuyvesant I was everyone was smart you know when I wanted to be in a milieu where I I was really feeding off of and learning from just a super smart group of people and I the felt way that I could best contribute was kind of a mix of my experience of BCG and Anne Goldman BCG being really delving into what industries makes and companies go the strategy and Goldman very transaction driven and helping people to get from one side to the next not just giving them advice and that was the way I felt I could contribute so what led you into talent how did you find your way way into I know I have a natural ability to scout out some of than brightest alpha generators in finance how does that happen I was at BCG and this is when the dot -com bubble was getting bigger and bigger I was in my second year and my entire class had left to go start a tech company of of some sort in California and I didn't really that wasn't my thing I wasn't turned on by that that's not I wasn't passionate about that and so I was still trying to figure out what my next step was don't forget I was I was really young still I was in my mid twenties and so I ended up because I just I felt I'd learn more about the different types of issues that were out there and how they get solved through human capital and that might might give me some insight functionally into what I wanted to do next and I found once I joined them that I was actually just really good at what they were doing and at the same time the dot com bubble collapsed their mainstay financial services practice which was banking and equities fell off a cliff and what was percolating were all the prop groups and I started doing work for some of these groups groups and kind of like the hedge fund industry there were only so many that were that good and really and were the best and really controlled ecosystem and they're very clubby and they ended up recommending my my business just grew exponentially from there they just they would recommend me one to the other and these were these were first of their kind types of products that these prop groups were focused on very complex financial interest instruments so we were all learning as we went and just by virtue of doing really one search it made me the expert because no one else was and doing so it i built my business from there so so you launch your own firm idw in 2003 by the way congratulations that's 20 years ago so you're celebrating a big anniversary this year what led what you to decide i know i'm going to go out on my own it is a big anniversary and it's not one i take lightly given the average hedge fund lives three years i don't know if you're aware of that very short lifespan huge turnover and it's more than just the high water mark there are a lot of actors that drive that constant churn exactly um i went out on my own because i really just wanted to focus on doing uh the kind of work that was interesting to me and again the business that i had built i had built this business within this larger firm primarily working with these high octane prop groups and i felt like i could just take that with me you you know these were they didn't really care they were entrepreneurs themselves they didn't care about being part of a big firm with hundreds of people in many offices they cared about domain expertise um and that's what i brought to the table so you mentioned what a notoriously short lifespan so many hedge funds have it's also a hyper competitive field so staying power is something that really is of value you've been in business running your own up for two decades what's the secret to longevity in a space that is known for not having longevity let me define what we do because i feel like in um a fair misconception might be that as a recruiting firm our job is to help people find jobs that's actually not what we do we we work with the most front -footed hedge fund founders um and talent in the industry to figure out what's next and keep them in the pole position and when you think about the the individuals that can meet that challenge for the highest impact hedge funds in the world these are best the people out there these are not people who are typically looking and so in order to engage with them it's not about helping them find a job it's really giving them information and friends themes and have a point of view that these guys wouldn't get if they didn't meet with us and i don't care if they ever transact you know i think that in time if we make a strong enough case they're smart and they'll transact and do something different if it makes sense but with every meeting we more learn and we're more powerful for the next person i'll give you an example we met with someone recently who sits at a fund that is having a tough time they lost four billion dollars last year so big high watermark they're down again this year and he was he was quite happy with how he was treated by the founder he said elana you know i've been there a while i actually think the founder was really fair with me i didn't lose money he guaranteed me a million bucks for this year and a million bucks for next year it's really helpful to have had five other meetings with who sit at analogous funds that had losses that were just as big and in fact they may have contributed to those
Unchained
"bcg" Discussed on Unchained
"If the judgment is in favor of grayscale, which at the moment it sort of looks like it will, how does that affect the picture for all of these other proceedings? Yeah, it's another monkey. On the one hand, you would want your skill to prevail in their litigation against the SEC that would unlock the so called hotel California. At the same time, we would expect to see significant amount of redemption activity as customers move to lower cost ETF products that presumably would also be approved on or around the same time there is something like 7 ETFs that are on the docket, including offered potentially by Doug Gemini and van eck. But what that would mean is that it hurts the calf flow generating power, you know, the number one crown jewel of DCG, and that would hurt the ability of DCG to honor its loan obligations and make credits whole. And this goes back to the bar point. So if the credit community group waits another year, for another process tenfold, that creates more risk on recovery. Grayscale is a melting ice cube. They've melts right now at a 2% rate per year. That's the fees are extracted from the trust. And there's no more Bitcoin getting plush in the trust and it's got a discount. Any of you. But if that ETF is approved, that melting ice cube is going to hop her by her bullying over it. It's going to melt very rapidly. And that's the cash flow generating power. So they really need to expedient resolution swiftly. And that other side of this is very perspective. On the one hand, the higher the price of Bitcoin, the greater the cap for generating power of grayscale and to make these crevice whole. On the other hand, it means that BCG has to pay out more next week. So that last payment that may allow the payment, DCG is short 4550 Bitcoin, so the amount boat on that last date has gone up from where it was in December, like 68 million to now. It's like hard 30 million. So it's a really odd situation for BCG where and the way they have to hope that the Bitcoin price drops. Next week and that shoots up, you know, sometime after that. Okay. And one last thing is, so we're watching for the May 9th day, what happens on that date? We're also watching for the Bitcoin price. What else would you advise people to watch for in the next week to see how this might all play out? So there are a few things. One is there was an independent investigation mission by the genesis special committee. They were Kane cleary gottlieb, a former U.S. southern restrictive attorney. These are the best these are the bads determines hot there, and they were going to investigate the prude partition transactions and other allegations. We haven't seen any findings or report of that now in the docket. It was indicated that a summary report would be made available to the public. I have not seen that. I'd like to see that. Perhaps some of the findings from that, or is the reason why the ad hoc credit committee has pulled back. I've known that public doesn't send that. So that's one. The second is DCG. The number of questions there. No one passing the BCG balance sheet. And they're looking at the top spot. If they were released a balance sheet, it can make their situation perhaps more challenging in terms of their negotiation, the other part I want to know is, what is the net equity position of DCG? And is that the reason why they may not have been refinanced or loans or obtain an equity infusion notwithstanding these the threat of litigation and other lawsuits flying around? And the reason I call that out is being obvious that DCG pledged GBTC to Gemini earned good move Gemini for securing that colonial as I mentioned. However, on November 16th, that collateral was foreclosed upon and liquidated. And that could have caused an impairment to the DCG balance sheet. So I'd want to understand what is a net equity position of DCG. I'd also want to understand what GBTC is held on encumbered, meaning not pledged to Gemini earn, and what's the value of that DCG balance sheet in the end of Q four financials, DCG and coin as reported some very summary statistics. They said there's something like $600 million in the investment portfolio, what percentage that is illiquid venture, what percentage is liquid securities. We leave that to get a definitive analysis on the ability for DCG to generate its liquidity and meet its obligations. So I think those are the main ideas that you want to look out for. And so if they make partial payment next week, what happens is that not a thing or real thing, it makes sense to make a partial payment. If they make a partial payment, then they're in a lot of cash flow. There's a reason they can look partially in either you pay off full year bills on time when due or you don't pay any of that. And I think we'll learn which state of the world we're in on late night. Now again, I don't want to have access to the terms. I don't see what the consequences of not paying these are, you know, these are well negotiated agreements. So I expect that the consequences would be severe for nonpayment. Well, what happens if you don't pay you get kicked out to an up court workout? So the same position that I'm today in a sense of negotiating. The question would be would any of the creditors seek to pressure BCG by following an involuntary petition for chapter 11? It only takes sleep
Unchained
"bcg" Discussed on Unchained
"Today's best is ram alu walia, CEO and founder of luma wealth. Welcome rom. Thanks for having me, Lori. Good to see you again. On April 25th, DCG announced via a statement on Twitter that a subset of genesis capital creditors have walked away two months after what they call a comprehensive settlement was submitted to the bankruptcy court. I spoke to a genesis creditor who is in this group and they said they felt that this was mischaracterized that the two sides didn't have an agreement, but just a framework for what a deal could be. This person also said that this framework had been made with limited financial information and that the group revised the terms based on new information and analysis. Either way, genesis requested a mediator to help resolve the issue. Meanwhile, DCG owes genesis $630 million next week. So what do all these recent developments mean for genesis and DCG? Well, it's an unfortunate mess. So at the outset of the petition, the council presenting BCG and genesis as well as the creditors informed the judge they expect a speedy resolution because they've been working at this. And this is a step back. There was a term sheet that was published that outlined the key terms of the deal. It was a framework for the deal. As you mentioned, the ad hoc clitoral group has pulled back or walked away from that. As you said, due to new information, there's a lot tongue packing what information the Lawrence as well as still what significant information is outstanding.
Unchained
$630M Due Next Week: Is DCG at Default Risk?
"Today's best is ram alu walia, CEO and founder of luma wealth. Welcome rom. Thanks for having me, Lori. Good to see you again. On April 25th, DCG announced via a statement on Twitter that a subset of genesis capital creditors have walked away two months after what they call a comprehensive settlement was submitted to the bankruptcy court. I spoke to a genesis creditor who is in this group and they said they felt that this was mischaracterized that the two sides didn't have an agreement, but just a framework for what a deal could be. This person also said that this framework had been made with limited financial information and that the group revised the terms based on new information and analysis. Either way, genesis requested a mediator to help resolve the issue. Meanwhile, DCG owes genesis $630 million next week. So what do all these recent developments mean for genesis and DCG? Well, it's an unfortunate mess. So at the outset of the petition, the council presenting BCG and genesis as well as the creditors informed the judge they expect a speedy resolution because they've been working at this. And this is a step back. There was a term sheet that was published that outlined the key terms of the deal. It was a framework for the deal. As you mentioned, the ad hoc clitoral group has pulled back or walked away from that. As you said, due to new information, there's a lot tongue packing what information the Lawrence as well as still what significant information is outstanding.
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"Duck. Thanks Bill to get live breaking audio right on the Bloomberg terminal the function is sq UA than the green go key. I'm Doug prisoner that's your Bloomberg business flesh. Thank you so much for that update prisoner really appreciate it. Well, you might remember earlier this week, we spoke to Mitchell, a former executive at Netflix, he helped found the company red box, those DVD kiosks, and then most recently he was CEO of the company MoviePass. We posed a question to him about the metaverse. And he essentially said it's going to redefine the way that people get their entertainment. I'm having a hard time seeing it at this point, even though Facebook is spending billions of dollars on not just on the rebrand, but building that next generation of computing. So eager to have with us this afternoon, Francois candle on, whose global director of the BCG Henderson institute, joining us via Zoom from Paris, France. The Henderson institute is BCG's think tank. Francois, really good to have you this afternoon. How are you? Or evening, I should say. But then very pleased to be with you Yeah, it's good to have you with us. Hey, paint the picture for us because I'm still having a hard time seeing it. I can, you know, look at videos from Mark Zuckerberg as much as I want of him playing games in the metaverse, but I'm having a hard time seeing how it's part of our daily life. So I think that what we need to understand is the fact that, of course, everyone is talking about it because of all the bets that are made by what I call the metaverses, constructors, you have meta with its 10 billion investment, you have a Microsoft and it's acquisition of Activision and so on. So I think that this is something that might become important, but you know the concept of metaverse is quite odd. The term was created in 1992, it's not crushed. There's sci-fi novel. And we've been experiencing it already many times. You remember maybe Second Life and so I think that we need to play a Second Life. Nobody's playing that anymore. No, it can. So what can happen as well that we need to be careful about the definition we want to put on the metaverse, because the more would we put some boundaries today, I'm sure that there would be some technological advance that could cause us to reassess. And this is a bit what is happening with all the clash of technology that we are going to want on one side with the VR AR that is getting more mature on the other side, the web three tools and so I think that this is from this clash that a new version of metaverse might come out. But at the moment, we have many potential metaverses. And this is one of the studies we've conducted to try to highlight and identify them. And to do that, because we're at a moment which is really critical where everyone is trying to impose its narrative. And this is I'm old enough, as you can see, to have experienced the launch of the Internet in the 90s or mobile Internet in the 2000s. And the moment at the moment, what is at stake is really the future balance of power within metaverses stakeholders and how non tech firms might benefit maybe from it or not. Francois, when I hear the idea of metaverse, I instantly think of the virtual reality goggles, like the Oculus from Facebook. Is that when you think of the metaverse, does it always entail that type of headpiece or is it more than that? No, it's more than that. And as I was saying, basically, you're the clash now of visions. You have on one side, players such as meta and Microsoft or magically pushing a vision of metaverses where VR or AR will be the technology called basis and for meta in particular, emission will be the key will be key. So this is one part of it. And it's really based on massive investments on hardware. We could call it the hardware lock. On the other side, you have players like the sandbox or Roblox pushing for visions of web three and blockchains where users will be key stakeholders and one rely on the monopoly of dig texts. And I think that this class is really key. So you have two big streams that are coming one, two, again, the other. And it's very difficult to know which one will win. Yeah, well, let's talk about that, Francois, because you talked about the bets that companies are making, and that's why the metaverse is getting a lot of attention. But what are the specific companies that are poised to win at this? So I'm assuming that I don't know. And I don't have a crystal ball. I'm sorry for that. But I think that you can think about, let's say, a different types of players. And as I was saying, we did an NLP analysis and natural language processing analysis to try to identify what the different types of metaverses we could find. And we identified actually before, one which is more serving specific purposes, mostly for B2B, mostly, let's say the Microsoft, the magic leaps that are doing that and for them the key words that are using holographic team experience, then you have meta meta, which is constricting a metaverse that resembles the nimmer social media tool and for meta the keywords are more people, creator, one. You have sandbox, let's say Epic Games, which are trying to create new experiences, which is, if I may a bit like a monetized expansion of the gaming industry, to ensure it's more about game, I said, blockchain, and you have the Roblox, of course. Francois, we're going to have to leave it there, unfortunately, but a healthy list of names, companies that are poised to at least potentially position themselves well in the future when we're talking the metaverse. Francois candle on, global director at BCG's Henderson
Revision Path
"bcg" Discussed on Revision Path
"Environment. Now, where do you think your life would have gone if you hadn't started working in the creative field? For me, it goes back to that point around exposure because I've always had kind of an interest in creativity and design, had I been exposed earlier to architecture as a field. I think candidly, I might have actually gone into that as a career. But growing up, you just didn't have that level of exposure to the wide range of fields that are available that tap on the creative side of the brain. I remember when I was at razorfish and we started to look at some of the other parts of the business and the media side of the business and you walk into these media agencies and you would see kind of a sea of white faces and in many cases the sea of white female phases and some of it it kind of was a result of people being exposed to things and recognizing that these are places that actually existed that you could have careers. And I think for a lot of African Americans and people of color, they don't necessarily have exposure to some of these different fields and areas of possible careers and as a result, we don't necessarily get a chance to develop as big of a body of leaders and representatives in those in those companies and in those industries. What do you want your legacy to be? For me, you know, I think it actually goes back to this question of purpose. And when I was at BCG, I was in a part of BCG called bright House. And we spent a lot of time with organizations talking about purpose. And I think, you know, when you first come out of school, a lot of your focus is on, what do I need to do to show that I can be successful and how can I achieve and show my achievements? And I think now where I am in my life, it's actually less about do things to prove what I can do versus actually, what can I do to actually help drive and leave a legacy behind? So when I was at bright House, we talked a lot about personal purpose. We went through some exercises and I ended up with my personal purpose being to live in to lead with optimism..
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"To Bloomberg opinion listeners Let's go back to my conversation now with John Rogers junior at the economic tub of New York this week It's been two years since George Floyd's murder on May 25th 2020 and the movement towards accountability on race in the wake of that moment I spoke with John Rogers on the financial industry and its race record We began with his own experience and the people that led him into finance starting with his father I was very fortunate My dad was a tuskegee airman and flew over a hundred missions in World War II He was 39 when I was born So he had a lot of time to decide exactly what I was going to do at different ages And certain age I had never checking accounts or I had a savings account I mentioned being a vendor I had to have a summer job by the time I was 16 And then by the time I was 12 I had to have a stock market portfolio And it was a great idea And the thing was my parents were divorced when I was three so I'd go visit my dad on the weekends and you'd have his newsletters piled up for me to read and the annual reports in the quarterly reports The companies that he had invested in for me He wasn't wealthy It was $250 here and $500 there But as the years went on and then he took me to meet his stockbroker a guy named Stacey Adams who was the first African American stock program in LaSalle street He became my role model He became my mentor I'd just go and sit with Stacey and watch the ticker tape go by And he was this unique guy been there forever But to have him there for me made all the difference And my father introduced me to him and yeah it just became a labor of love It came fun Well a phenomenal that you had that you know so many people don't Most people don't You're probably the exception that you had a dad that was that interested in that aware of how young he should start teaching you and that you had other mentors like that If you went out there today would there be any more mentors or is the ratio still that tiny It feels to me like I've been in this business 15 20 years that not that much has changed in that time So what about 40 years It has much changed in 40 years It's changed In its accelerating change since the George Floyd murder there is a much much more rigorous and serious efforts to diversify the financial services industry Melody hobson and my co CEO we're both getting more opportunities to speak to groups like this speak to boards of directors to different types of organizations and political leaders There really is a push that I'm starting to see some real traction and some things happening Here in New York City I have to see you guys have been way way ahead of any other city in the country by far with the kind of leadership we've had for the kitchen also the world and others and leadership roles but also the ray McGuire's and Bill Lewis that have been an investment banking a lot of progress in private equity So New York City is one that I think is just really truly making a difference but unfortunately it hasn't been extrapolated throughout the United States and the way that it should Well there's one statistic that I just found absolutely terrifying from one of your surveys and that it's that 1.2% of all assets under management are at minority owned firms Is that still the case 1.2% And that's for all minority firms I think the data So it's not just African American or LatinX The numbers are really really bad when it comes to money management and mutual funds And what makes that a particularly heartbreaking is that you all know here again here in New York So much of the wealth and jobs and philanthropy comes through Wall Street That's the part of the economy where it's been so successful You have the high profit margins And in the past so many progressive institutions even when they wanted to do the right thing they did it through the term supplier diversity Which implies that okay if you're going to work with minority owned business it's going to come through supply chain Construction catering janitorial services office supplies The lowest margin part of the spend And we're the least amount of wealth being created And we have hard data that shows that from McKinsey and BCG showing the Chicagoland spend business and professional services to $75 billion with profit margins 5 to 20% construction is tenth on the list at roughly $25 billion profit margins less than 1% If you really want to make a difference you have to get rid of this term supplier diversity The University of Chicago coined a term business diversity And now our civic committee is using that terminology in Chicago our 84 largest businesses Barack Obama foundation using the terminology business diversity So I think to make a difference we have to signal to people You want to be able to do business minorities in everything that we do It is kind of a kind of unconscious or implicit bias if you only work with minority firms in the commodity parts of spend and not in the most lucrative parts of our economy So this that's the reality And the other part I would say last thing I'd say it's disappointing is I bet if you look at 1.2% most of that spend is coming from government And unfortunately the universities the hospitals the museums many of the anchor institutions and the foundations have been the least progressive You would have expected the exact opposite But they've been the least progressive What changes that Is it just complacency Is it well this is the way we've been doing it for the last 20 30 40 years Therefore let's just sign on the dotted line again What gets the fire lit I think you're right I think it's partly the fact that people have done it the same way for 50 years Just supplier diversity construction being the focus and everyone just thinks that's the way to do it without actually thinking about it People have this definition of small business It hasn't been really thought through in an economy where you have these giant companies that are $1 trillion market caps So the prism with which people look at these things they just look at them the same way and have an evolved as our economies evolved into this again professional services capital light industries less manufacturing So that you'll see right People have an adjusted people haven't changed in the way that the world is The second thing is because they're so few of us in the financial services industry I was lucky to learn about the markets through early said earlier but then be on boards like aeon corporation in Chicago for 18 years and watch pat Ryan build that into extraordinary enterprise and see how a successful financial and professional services.
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"All the areas I mentioned are passionate about but I would say healthcare is a great example I'm pretty passionate about that having been a beneficiary of creative medicine myself and seeing the benefits it can bring And I think the pandemic is a good indicator an example of change in an accelerated pace Nobody was seeing their doctor digitally virtually three years ago Now people almost crave it crave that kind of access including all different generations And that generational change is huge because getting the older generations necessarily want to use that would have taken ten years or never Instead it's now normalized Similarly FinTech most people think FinTech finance companies not benefiting people actually ease of payments reducing friction particularly thinking about places like India where there were 20 middle men and now you can reduce that to no middle man and really get people the money that they deserve and allow them to spend it the way they need to for their families There's a lot of innovation out there that can do good You mentioned some of the challenges that the Mac we're seeing in the macroeconomic environment I'm wondering how these are manifesting in the individual companies that you support In the last minute that we have how do you take an approach to be capital to sort of help the challenges that these companies face when it comes to talent when it comes to technology when it comes to other obstacles that they're facing Well I think there's two parts One is we always have a focus even in the initial stages of investment and evaluating unit economics cash flows really working with companies that get it in terms of how performance has to look in good and bad But the second piece is we're very committed and active in our investments and BCG is our strategic partner So our companies are very interested in BCG's work on strategic pricing models potential introductions to new clients thinking about ways to grow that fit the economy that we're living in today And that's a huge benefit we offer to our invested portfolio companies So when you make the investment do you think it will be a longer runway The bringing them to public because you can because there's so much private market just quickly Absolutely I think there's plenty of ways to.
Bloomberg Radio New York
"bcg" Discussed on Bloomberg Radio New York
"Long-lasting straight line wind storm that moves across a great distance and has damaging winds I'm Wendy wild reporting The defense has rested in the trial of an ex Minnesota police officer charged with manslaughter Kim Potter claimed on the stand today she meant to use her taser on daunte Wright during a traffic stop earlier this year but accidentally grabbed her gun and shot him Instead when he resisted arrest on the stay of the prosecution had a crying Potter admit she didn't render any aid to write or check on other officers following the shooting I'm Scott Carr A study shows making people mask up in public places is leading to fewer coronavirus deaths data published in the American journal of preventative medicine shows out of 44 countries researchers found a significantly lower increase in daily coronavirus related deaths in those with masked laws compared to countries without them The study was done before the coronavirus vaccines were in use that dilemma a lot of U.S. employers have faced in getting workers back to the office space is the best thing to happen to business consultants since Y two K Mike Bauer explains As coronavirus cases rise and fall companies continue to grapple with a return to work Should we ask workers to come into the office Should we go remote forever If we do hybrid what does that look like Finding the answers to all of those questions is a windfall for consultants All of the big consulting firms like McKinsey BCG Deloitte and more have gotten into the remote work consulting game These transformation services the firms can offer cost anywhere between 5 million to $10 million per project I might bower A ticket stub from Michael Jordan's NBA debut is setting a new record It's now the most expensive collectible ticket ever as it sold at auction for $264,000 Jordan's debut came in October.
WTOP 24 Hour News
'Jungle Cruise' Navigates Turning the Ride Into a Highly Enjoyable Trip
"To the movies. Next, Pirates of the Caribbean turned a theme park ride into a hit movie franchise. Disney is added again with Jungle Cruise Now in theaters and on Disney, plus and experience, riverboat captain takes a scientist and her brother on a dangerous ride down the Amazon River of all the jungle cruise as you could take. This one is the cheeks but also the most thrilling. It's the African Queen on steroids as Dwayne Johnson find swashbuckling chemistry with Emily Blunt, calling each other Skippy for skipper and pants for her part of feminism. Disney even wades into LGBTQ, plus waters with her brother with admirable matter of fact, this The villains are a little cliche with Jesse Plemons, stereotypical Nazi and BCG can kiss the door who feels derivative, Um, pirates of the Caribbean. Either way, This is a fun throwback adventure, like romancing the stone filled with puns in a beautiful CG setting sailing on an Amazon stream but streaming on Disney. Plus I'm wtlv film critic Jason rarely giving jungle cruise 3.5 out of five stars.
Making Sense with Sam Harris
"bcg" Discussed on Making Sense with Sam Harris
"I interviewed a brilliant harvard. Epidemiologist named megan murray for my own. Podcast which again is called. The after on podcast correct focus is to berkeley los and she knows tons about bcg in its potential. Our interview runs for well over an hour and goes into much more depth than i can cover here. That episode may or may not be posted by the time. You're hearing this but if it hasn't been posted it's the next one in the queue so you'll be able to access it quite simply the last method for hardening society that i'd like to highlight doesn't hinge on cutting edge science but i'm plain old public policy. It is to greatly increase the social safety net that keeps people from sliding into states of extreme despair. Though it may be hard to feel empathy for suicidal mass murderers we have to accept that all of them arrival profoundly dark places that few of us can even imagine these are not swift journeys and all involve some form of mental illness beat extreme depression uncontrolled rage pathological narcissism schizophrenia. Or something else. We need to study the case histories of everyone who snaps in this way and greatly increase our vigilance generosity in detecting and treating the relevant conditions here in the us policy of emptying asylums for the mentally ill back in the eighties has done a snow favors. More broadly. Speaking every single one of us can be a white blood cell in this global immune system by each doing what we can to ensure that no one goes online this brings us to the fourth component in our immune system which is conquering viruses. But before we talk about viruses. Let's briefly discuss bacteria which can be extremely dangerous. They caused things like tolerant bubonic plague which still bubble up in places with overwhelmed healthcare systems plus their so called superbugs which resist all antibiotics. These killed about seven hundred thousand people in twenty sixteen and could be over ten times as lethal by twenty fifty which means they could significantly exceed the.
Eric Metaxas
New York PD Officer Daniel Vargas Leaves Hospital After Being Shot In The Bronx
"Being released from the hospital only a couple of days after being shot in the Bronx, Lisa G reports scores of officers applauded his 31 year old police officer Daniel Vargas, left Jacoby Hospital Thursday morning. Vargas was shot in the back below his bullet. The best. Meantime, suspect 24 year old Johnny Jones has been charged with attempted murder of a police officer and felony assault. Jones has three previous arrests for non violent crimes. BCG,
Wintrust Business Lunch with Steve Bertrand
What To Expect From CES 2021
"Hi. How you doing? Good. The consumer electronic show 2021 talk to me a little bit about that. That's ce s 21, right? Yes, And what's interesting? I think about it is that this year? It's been very different, right? I mean, what hasn't been different, but this is one of the largest shows in the world usually attract somewhere around 120,000 people to Las Vegas, and it's an insane, you know, week of just all these new tech ideas and all that. This year. It's a little different, but one of the things that we've seen in a lot of these virtual presentations is actually a lot of technology to help with the pandemic, and what I think has been interesting is that ah, lot of this is taking health technology that was already on the horizon and kind of applying it to the pandemic and how to fight it. Me an example of some of the things that they're trotting out there A mask phone touchless doorbell. What? Caught your eyes. Yeah, The math phone is probably the best one right, So it's literally like one of those cheap Bluetooth headsets built into a mask. But it works. In fact, Reviewer of the Wall Street Journal said. She used it for Ah lot of conference calls, and she was very happy on day. It's only like 56 bucks so easy, but there are also other ones out there. For example, there's a bio button. And this is a really interesting idea. It takes sensors that are near hospital quality. Not exactly. Near that to come on your chest and just this one button. It's not a bunch of sensors. They're all built into this one button. It can stay there for up to 90 days, and it can track your vital signs and all sorts of other stuff and alert you. If you're starting to get sick now, it can't tell the difference between Cove it in the flu. Most of us can't either unless we get a test, but It's a good sign of kind of showing how technology that was again already kind of in the offing can be used in the more positive ways. And then finally, the touchless doorbell is probably one of the smartest dog type technologies I saw where literally it's a video doorbell, just like the ring that a lot of people have. And what it does is that they have a mat that they put right in front of the doorbell and the doorbell. It's been taught if someone is standing on that mat, so they're close enough immediately. Ring the doorbell don't have to have them touch it. And, of course, that's like, really smart idea, and that time when we're all worried about germs, same thing with the toilet, By the way, we've had, like sensor run toilets for a long time in businesses. Now they defend. They found a way to make it kind of lets ugly looking at home, And instead you just kind of wave your hand over the flushing The flusher like your jet I or something, So there's a lot of that type of stuff that we saw. Doesn't the Smartwatch already do some health metrics for you? It does, but it is not doing stuff like following your temperature as closely right. It's not, you know, the so far most of the watches are on Lee taking heart rate sometimes oxygen, though they're not terribly good at it, and, according to our reviews have seen it. And also the BCG, but they're not able to do stuff like your temperature and other stuff. And so I think what's interesting is it's not just taking those vitals the way that the watch does, which typically, the watches only, really doing that a lot during a workout, and then it's passively doing it every once in a while when you're not This button. In theory, for example, we haven't tested it, but in theory would actually be tracking you pretty regularly on day. Especially if you're someone who lets imagine you're over 65. You're in a in a home and you're really worried about possibly getting Cove it or getting sick.
WIBC 93.1FM
"bcg" Discussed on WIBC 93.1FM
"It's time for Dana's quick five brought to you by Caltech. This is kind of interesting. So the New York so New York City's Ein ending a city They're ending Cindy City concession contracts with the Trump Organization, and it includes the Trump Link Golf Course in the Bronx and the woman and Lasker skating rinks and Landmark Carousel in Central Park. What's funny about this? Is that that was the rink that Trump saved when New York City couldn't get up off your butt and get the job done themselves. So I just wanted to point out that the cancels culture is still going on. And people are still morons. So just it Z. You have it there. Barbara Boxer. I got to get those them. Barbara Boxer had to apologize to the fact that she had registered as a foreign agent on behalf of the Chinese company, a communist Chinese company that actually was working with slave labor. The weaker slave labor, isn't it unbelievable, and nobody in the media is really talking about that, and she ended up what was that she, Joe Biden said that they gave some of the boxer donations back. Because she had donated money to the Biden campaign. And she had me she retweeted due to the intense response to my registration. I've determined. My continued work has become a negative distraction from my effort to preserve American jobs and make the company better. Therefore, I d registered You know, probably had nothing to do with Communist China's treatment of the people that they were. They were air quotes doing business with that didn't bother you just the perception how it was received bothered you. Yeah, exactly. These supermassive black hole at the center of a distant galaxy has gone missing. Because it's 2021 right? Experts are astonished that this super massive black hole not the mu song that was thought to be in the middle of a distant galaxy has gone missing the bright, clustered galaxy a 2 to 6 one dash BCG. Everyone remembers that one remember. Appears to have lost.
Charlie Parker
Astronomers discover oldest, most distant supermassive black hole
"Were to a supermassive black hole at the center of a distant galaxy. Where was that the center of a distant galaxy has now gone missing. Yeah, And who noticed, you know who doesn't look that the giant telescope going? Hey, Carl, come over here just wasn't there. It's the last week Wasn't there a giant Foster and he goes. Yeah, 82261 BCG looks like it's uh, It's lost the black hole and they're they're calling this a recoiling. Which means that a really strong force in the galaxy may have been ejected and sent somewhere far, far away. And I don't know who's looking for that now, but it's fascinating to me this kind of stuff.
KCRW
"bcg" Discussed on KCRW
"The four hundreds more conservative than Attila the Hun Kelly left lower ranked the most conservative senator in America. I'm Kelly Leffler. I approve this message. That ad is also where left their lost Matthew Munich. Another pretty Warnock voter who works in finance in Atlanta, Munich says We're not felt like a more relatable candidate even though he'd originally planned to support Leffler, and she just went so far to the right that it was unrecognizable toe. Who she was. Maybe even a year ago, Leffler was forced to campaign like that, says Martha Zoller, a conservative talk show host from Gainesville. That's because of an early challenge from Republican congressman Doug Collins. She had to go much farther right than I think. She probably would have gone had he not been in the race Scholar says. These split ticket voters are important for Republicans to keep in mind. Now that Georgia is a swing state. You gotta get your base out. No doubt about it. But you've got to understand that basically 50 50. Whilst ours is a consultant who grew up in Kennesaw and normally splits his ticket. He said he knew he would be proud, having war not represent him in the Senate, and he understood war knocks vision. But not left Lear's without trump. No indication in a post president Trump world what kind of representative she would be. We had two years of senator produced before President Trump. You know, I knew what that was. I knew what that look like Cody Lester done works in marketing and Marietta. She ultimately supported both Democrats. But she didn't consider voting for Purdue because she wasn't excited about Jon Ossoff's candidacy. She understands why people would split their ticket. All politics are local. And where you going to that little booth and you tapping those names. You just want decent people. You just want decent people that and times that you need to have the courage. To stand up for what's right. Georgia hasn't elected a Democratic senator since 2000 now it will have to for NPR news. I'm Emma hurt in Atlanta. Hole is missing A very big hole. Ah, black Hole to be precise, more massive than a billion Suns You see, nearly every large galaxy appears to harbor a supermassive black hole at its center. The when astronomers trained telescopes on one galaxy some three billion light years away, called Able to 261 BCG. Astronomer Chi Han will Tech in of the University of Michigan says they Found a puzzle. We saw that there used to be a black hole 50 million years ago, but there was no evidence for a black hole being there currently, where did it go? Well in a paper published on January 1st in the Astrophysical Journal. He says the black hole could have been flung out of its galaxy by some ancient collision with another black hole. But so far they haven't found the galactic wreckage to prove it. Yale University astronomer professor Pria not a. Rajan has another hunch, she says. The black hole could still be there. It's just hiding from our X ray telescopes. Most black holes are in one of two states there either fasting or feasting when they're feasting. It means they're actively growing. Their gas is being gobbled in and you would see the gas on its way in in the X rays. But if the black hole is fasting, like the one in our galaxy, the Milky Way, she says, it would be tough to see with our current instruments. Ultimately, we need evidence right so we can speculate all we want, but this is very tantalizing. For now, the galaxy will remain a mystery mystery is always fun for a scientist. Meanwhile, if you have any information as to the whereabouts.
TED Talks Daily
"bcg" Discussed on TED Talks Daily
"About three years ago. I lost my daughter. She was sexually assaulted and murdered. She was my only child and was just nineteen as the shock wore off and the all consuming greed to core. I lost all meaning and purpose alive and my daughter spoke to me. She asked me to keep living. If i am not avow she will have. One less heart continued to with dad. My partner susan. And i started our desperate climb out of this deep hole of pro my loss in the back to the land of the living with grief we unexpectedly found a rather unlikely and bitty helpful ally my work at first. I wasn't doing trudy pressure. Go back to work. I i had a lot of self doubt as a senior executive responsible for thousands of employees and billions of dollars after all the trauma is my mind still sharp and creative enough for the job. Can i still relate to people. Can i get past their resentment and regret. i felt about all the time spent working instead of <hes>. Being with my daughter. Is it fair to leave. Susan home alone dealing with han grief and pain at the end. I made the decision to go back to work. And i am very glad i did. We all experience grief and loss in our lives for most of us that means at some point getting up and going back to work while living with the grief on those days we will continue to carry the incredible burden of sadness but also i hope that work itself and restore us that much needed feeling of purpose for me. Work started out as a just a product distraction but evolved to being truly therapeutic and meaningful in so many ways and might return to work proved to be a good thing for the company as well. I know i'm not indispensable but retaining my expertise proved to be video beneficial and my return helped all the teams. Avoid disruptions and and distractions. When you lose the most precious thing in your life. You gain a lot of humility and have very different perspective. Free of egos and agendas and i think i may better corker and later because of that for all the good that came from you though might re entry into work from his who steady hard. The biggest challenge was having to separate my personal and professional apps completely. You know okay to cry at an early in the morning but slap a smile on the face promptly at eight o'clock and active as it is a santa's before until the workdays over leaving in two completely different worlds at the same time and all the hiding and and pretending that went with it it was. It was exhausting. It and made me feel very alone overtime. I worked through those struggles. And i gained the conference and the acceptance to bring my whole work and as a direct result of that i found joya gaining it shooting that hard journey back to work. I learn the power of having a culture of empathy in the workplace not sympathy not compassion but empathy. I came to believe that a workplace where empathy is a core part of the culture that is a joyful and productive workplace and that workplace inspires a great deal of loyalty. I believe that are three things. A company can do to create a nurture a culture and with the in the workplace in general and support a grieving employee like myself in particular one is to have policies that led unemployed deal with their loss in ps without worrying about administrative logistics. Second per wide. Return to work therapy to the employee as an integral part of the health benefits package and third provide training for all employees on how to support each other
Esports Minute
College Esports Takeover - CSL Chairman Moves to Vindex, More HBCU Esports Initiatives
"It's almost Christmas and we're well into the holiday season, but this is the most packed episode of in the news we've had in months. I'm at dreams and this is the ecology Sports quick take from E Sports Network e Sports network is looking for sponsors. If you work for a company looking to expand its reach any sports e Sports network has opportunities across digital media podcasting and video programs. Please reach out to e-sports network CEO Mark Timothy using the email a bio of the show. Now, where should we start? How about with wind stocks? The longtime leader of Collegiate star league is officially out as chairman to move to a new position with vindex. You should be able to hear from him and from Mike sepso the founder of Windex on the E Sports Network podcast in the last few months this finalizes the shift in direction for CSL as when was the last key voice from the previous decades leadership. It's now in the hands of play Fly Sports and we haven't seen the new organizations plans going forward just yet. Although we've gotten a hint of something will cover that in a little bit vindex. Meanwhile is poaching execs from around wage. Keep your eye on the company as the section will oversee belong gaming Arenas as a vice president begin to open up around the nation. Also this week the high school Esports league is hosting chess tournaments and partnership with Chesney, just was already taking off on Twitch over the summer and the release of Netflix is the Queen's Gambit has kept the energy really high and Now jazz is coming to the high school sports circuit now back to that CSL news briefing. You've been covering the HBCU Esports Alliance or hea last week. They partnered with Gillette. It's a new sponsor for the yard a Madden competition series Ram by Collegiate star league featuring HBCU universities. So that's really the first CSL partnership. We've seen come out of the new leadership and it's a pretty good one. So we're happy to see where that's going also in the HBCU world hitmarker the leading Esports and gaming job board has part of the black Collegian gaming Association or bcga to help HBCU students find jobs in Esports and gaming hitmarkers how a lot of people found their first jobs in Esports, including myself and this partnership job. The BCG a will directly help Foster diversity in Esports hiring something the industry definitely needs in addition to a built-in feed on the BCG a website of Esports opportunities hitmarker will also help with resumes and cover letters interview preparation and highlighting students on their own social media channels. That's
News, Traffic and Weather
Coronavirus: Hong Kong confirms first death; U.S. prepares to evacuate more Americans out of China; First patients transferred to new Wuhan hospital
"Seven SO in Hong is confirming its first death from the corona virus a thirty nine year old man who had visited on China died in Hong Kong princess Margaret hospital usually BCG opening to the U. S. prepares to evacuate more Americans out of Wuhan China multiple flights out of China will be sent to one of four American military bases were passengers will be quarantine Wisconsin native Sam Ross has been working with US officials to get his wife and two daughters out of Wuhan where they were visiting family trying to get medical attention and more harm is very challenging at the moment since the hospitals are overwhelmed time lapse video on Chinese state television showing two hospitals built in just the last ten days one is now already taking patients this as a princess cruise ship is quarantined off the coast of Japan after a passenger who already left the ship was confirmed to have the novel coronavirus American author gay culture is on the dock ship we've been in many lines in group situations and Peter situations so it's not unlikely some of us have been infected here in America at least eleven confirmed cases most travel to Han and to live with an infected person some officials like administrators at Princeton University aren't taking chances now having some students who recently traveled to China self quarantine health officials are working on a vaccine but that is still months away our Dr Jennifer Ashton visiting the national institutes of health what do you think the chances