35 Burst results for "Executive Chairman"

"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

03:46 min | Last month

"executive chairman" Discussed on The Leadership Trap

"I have finite resources are finite energy. How do i use that gonna make the zen like move. That would really move. The business forward online to france and those that are not able to separate the signal from the noise and they get into the busy work are the ones that i you know. That's a common. Prep is sort of assuming that just by putting a lot of effort you will get better outcomes. That's what the second part that i've seen is that be inability to connect the dots around. I wanted us. Focus alignment and follow through that is a sequenced doing the very clearly define. What is the focus. In of the target market dog product the go to market and then behind the focus and what markets aren't gonna serve behind the focus. You start aligning your team and york structure. They believed under bland's and then you follow too. I see a lot of people aligning and following through with not having clear focus on having a focus but no lying random yet following through on it. I'm made those mistakes writing. So i think the second draft i see them is getting into that. Lack of aligning the dots of they call it. The trap is you know being getting into a point of honest ironing yourself with yes men and yes women and not being comfortable with people challenging you and these are some of the things that they would start me when i was You know i i'm. Ceo is one of the things i remember. He is dummy. Was you know you always raising public. And then you challenge them in private. And i think and being able to have people by one of the things i used to do in high startup. Taking some of those lessons was in. My all hands is to go with chris. Fifty dollar bill. And i used to say anyone in the company asked me the toughest and the meanest question gets the fifty dollar bill and you wanna be able to sort of promote that environment radical transparency in unwilling to learn. Tell me where. I can be better. I'm gonna give you money if you tell me that. It's very easy as you get. Been larger company to start thinking you're really good. Start thinking you made. And as long as i think you so so going. After beat the customer obedient. Employee was a director and actively engaging them and learning from them and not doing enough about is another fencing so playing. Well that notion of pressing for tough questions. Ceos sometimes can't be completely transparent with their employees. And you face that in early stage companies in particular. I know i saw the challenge for you. And i see a lot of other auto companies. I've worked with over the years How have you tried to draw the lines of being transparent and forthright with employees because you know especially engineers there are cynical bosch bullshit our way. So how do you ensure that you're being as honest as possible with them. Even though you know there could be a fragile sense of. Hey we're like three payrolls away. Bob burning through the last bit of fahd's try to manage over the years but i wish you know. I wish i had an answer to say. This is exactly how you do it. It is not but there are multiple ways you can get doing it better than not embiid than making a hash out. One way is really making sure that your leadership team is well equipped to be able to understand and communicate because it's impossible for you as a c..

bland france chris fahd Bob
"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

05:04 min | Last month

"executive chairman" Discussed on The Leadership Trap

"You probably need to change horses unless you got super lucky you have the founder. Ceo will all the way through. And i think they're doing much better job than some of the experiences and examples seen them past all right. So i'm gonna ask you. This is our moral dilemma question to pose moral dilemmas to our guest. You're going to have to take your investor head off if you would please if possible so you're back to being the entrepreneurial. Ceo and your fortuna to secure the series. see and. this is the big one. So now you have a lead investor. Who's taken a primary seat on the board that lead investors come in and said you know what i'm going to invest however you're going to have to get rid of your vp of marketing now that vp marketing happens to be a friend of yours. You brought her in their earliest days of the company you have high trust in her And your friends Bud you've got this series see investor. Who's kind of put a stake in front of you to say we can't move forward unless you fire this person. How do you act this a good question and not very dissimilar dumping. Actually there go through Do me. I think it's kind of like a layered problem how i would agree how i approach it in the past the first thing is i work. My antennas would go up saying goodness ovc who wants to come in and start telling the management team. How around the company's right there by engineers go up and say constantly are we even fifth year. Because you're coming in here to grab the steering wheel. Then we have a disconnect. So i would sort of immediately starts saying well. Maybe it's something i need to do. More due diligence of the more. And the way i would do that is by going deeper asking why you know what's the basis on which you are making that assumption putting condition audited things that i will run out of the some real issues of integrity or ethics or whatever that we have not You know maybe uncovered in the past and really would like to understand. That's the second big with the boardman. But in this case you're the ceo. You're the founding. Ceo you've traveled. This is your baby you brought in that first Set a belieber. She was one of them. But now you've got the big check this one hundred million dollar check versus the one million-dollar check with the first part. I would get like a mind. Tennis would go up second. I would like to understand this zeke..

boardman Tennis
"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

04:54 min | Last month

"executive chairman" Discussed on The Leadership Trap

"I think that's helpful for us to understand why they're looking for a good sign gonna play around a bit. Further with the entrepreneurial company setting over the past twenty years. What have you seen change in the eyes of investors when they gauge company value moving from series eight a. b. or c. When they look at a leadership team. I get the sense that twenty plus years ago. There seemed to be less emphasis on whoever occupied. The seats are the executive team And my says is that has changed over the years. Do you see the same way or i do. I always carry. Leadership is with me by the very nature of what i do. Think so. Let's aren't from investors. Having now tried to be an investor for last eight years i realized was bald. There are two different groups of investors. One is the financial ribbon in the number driven investor. And second that is the human people remain investors right off the bat. What are they want the same thing. Great returns of big markets and all that stuff and a dna level there are different types of investors. Those that bet on technologies markets faces. Were those that bear on. People teams and i definitely those that bet on teams and people are the ones that I believe relate to and having delivered bigger successes and those that armed. I mean you see you know the wheels come off like visine would-be Over and workday and day the or it's not cheating company gone Yeah i know. It's the guy senior moment but anyway so so so those.

"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

05:16 min | Last month

"executive chairman" Discussed on The Leadership Trap

"After the company got acquired cleared a bucket of money due date any lawsuits lanes coming none of my companies at any of that and i'd along my seven years. Now i wanna make that record. I do not want ever anyone who exists so by us to say. Hey there were things that were done. The funky right so integrity is incredibly important because it takes a lifetime with integrity you could lose it in ten seconds and the third part is an initiative is the source on the south starter. You know will they will not just give up on how Say level of perseverance things. And then probably last would not the lease is a communicator. Is this person able to engage and motivate people and bring them on the journey because at the end of the day selling dream in early saying sending concept. And if you're not able to articulate and communicate that people are just not gonna follow you so i would say those are the four things integrity you know. Initially intellect and communication skills. It seems like the communication piece could be one of the more challenging ones in your space and your industry where intellect is probably the most highly valued or most highly rewarded. I guess how do you develop leaders to become better communicators. I know that's a. That's a great question isn't an. That's a by the way Ceo level across the board. That's one of the biggest roles. I see and i think it's a combination of things number. One is i think truly understanding what drives the person because everyone has their own power and there is a certain type of things and i've always believed that you don't fit the person to a job you put a job to a verse and the ones you understand. What our alley. Is you then need to be able to say okay. Why do i didn't saddam this other skills and give liberties that are needed to make them successful. So that's one disraeli..

"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

05:32 min | Last month

"executive chairman" Discussed on The Leadership Trap

"Being able do not equate leadership with power but leadership and influence. Right i think this notion of what you're going to do it. Because i said so. Where says i'm gonna lead to asking questions rather than lead through telling thing so the younger was very used to leading by telling people what to do and now. I think i'm more in that phase of asking questions in guiding them to that point so those are sort of some of the big things many more but those are i think more the traps and other began discuss later on is a half a dozen aims. That is that bag that i fell into. Those draft reduces the top. Horrify lessons. That i would share to the younger the younger knows it resonates a lot with oftentimes. When i'm working with leaders. I will ask them. Are you looking for compliance or commitment. Big big difference and i think it also fits right. You wanna go far. You're gonna go fast. You want to go fast and just get everybody to comply are earned that commitment to talk a bit about how. Ceo's impact company culture..

Ceo
"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

05:28 min | Last month

"executive chairman" Discussed on The Leadership Trap

"I don't know if i can speak for all. But i can speak about myself. And i know how limited i was growing through my own journey. Continue as a leader and if this notion of balancing iq and q. And i think we are dialed in lock waller around you know you're right q. As a metric for the leader around your aggressiveness men want do dan. Do wash down the floor with strong and women. I think than date a lot more of a holistic picture that balances under the head of the art in the water mendon to skip from the head to the water pretty quickly and now one of the most important things all all the leadership is the ability. Do lead with integrity and lead with compassion. And if you're not able to dial into this if you're going to struggle in on becoming a better leader i can give you a story of I don't have. I don't think the dying but at some of the daimona give you this. Aband- mason was a manager at the m. and was in her forties. I was in my twenties leading her. And one of the things i did. A stupid thing. she had a baby in that as education back and i went straight through a task list. I said here's kind of the seven things to do. She came back and she just retired me with bullock's after that. And you said you're a smart guy but gessler gonna make a great leader because they're not but thirty guy here. I am back from journey. Believe after four months. You're not even asked me to look into the picture of my baby. Oh my baby is doing and you go straight to your tassels gonna end and one of the gifts again me. When she came back at dorney are those things things that come instinctively to women. And i think that's what makes them a much better and stronger leaders Than men they know how to bring together balance. All the arts fell into quite a leadership trap which are for sure so along those lines not necessarily gender consideration but the learning along the way factor. What would the minoza today. Tell the c. e. o. Manoj of twenty one years ago. What would you be advising mentoring. That manoj twenty one. Plus years ago. That i i met. Wow so many things i mean we can spend our stocking run from older all the mistakes made and all the lessons on the scar tissue that i've learned i think i think at the end of the day i would probably admitted netted down before five things number one i think is understanding and realizing that leadership is about loving the people that you lead. It's truly about caring for who you lead who have trusted to be part of the journey. So really it's about people. It's an honor to be able to lead a group of people who have already gone leaving the startups. That i do. Because startups is an acura faith..

Aband gessler waller dan mason bullock Manoj
"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

03:56 min | Last month

"executive chairman" Discussed on The Leadership Trap

"Excited to be here for another edition of the leadership. Podcast and i'm excited to welcome the noche. Thank you for joining today's episode. Angriest and david finding me great to have you here for the The podcast we go back more than twenty years. And because this is a podcast is far as our listeners concerned. Both you and i have very full heads of hair and we really haven't changed a bit in the past twenty years now. I'm afraid that's not the case my pictures on our website it. They can easily hire five. Yeah we'll have to Scratch that So manos considering your more recent work. I'm curious to get a sense from you as to where you think. Artificial intelligence could fundamentally change leadership no matter the industry. What's your sense of How a is going to have an impact on how leadership gets done. It's the billion dollar question that's been desert. Nomads asked me that so far. And now you know. I i really think You know those foundational capabilities literacy out our internet and try being a leader today with the company would no power as going to be one of those foundational technology that is going to shave the way we learned of baby lay lead in the lip. So i do think that future generation not a broker. Actually when i was graduating this like twenty thirty thirty years ago almost is to probably put in my resume that i know microsoft powerpoint microsoft style and four and i think you know in another few years leaders will be actually be doing something similar. It will be saying that. I know how to say. I work or transforming an organization. So i think it's going to be a very ambitious capabilities for leaders do both i think Putting i work for business competitiveness in Products out to go to market and dumber. How a identify recruit and engage. Their employees are which is an incredibly important part of being a leader. So is out denver that out. There's lots of going to help them do an incredibly important art of being a leader which is being more self aware and any wall wing with dying. So i think is going to actually serve as a coach mean david. You've been my coach. Anytime continued to be now. But i think going to be augmented with an eye is an additional college and last but not released i think is gonna create for leaders an incredible opportunity to start shaping the civic end the social the social contract and social impact that they can have in the company can have all aspects of leadership is going to be shaved an accelerated by an with. Go ahead i was just gonna jumping. Yeah i'm fascinated by especially because my my wife is in love with robots. So she's she's all in on and anything we can do. I'm curious about the speed. You mentioned that becoming more self-aware and for me that prompts the idea of the speed in which you become self aware will accelerate tremendously right. Yeah absolutely you know. One of my mentors is a genus romandie. The former ceo of the m and learned a lot of things from her one of the things he always said was growth in comfort. Don't go exist for. And i think i've always taken that to heart. I think one of the important things are the leader is be importance of continuing to learn continued wall and i think we had the benefit now of digital networks and the power of the internet in the palm.

david microsoft denver
"executive chairman" Discussed on The Leadership Trap

The Leadership Trap

03:49 min | Last month

"executive chairman" Discussed on The Leadership Trap

"Welcome to the leadership trap. Podcast recorded live here. In austin texas in this podcast we explore the conditions that lead to surviving and thriving in a successful leadership role. We examined the traps that can cause leaders to stumble bumble or get ambushed in ways. That may or may not be of their own making. I'm dr chris. Petrovka and with david human boston work net. We have a conversation with each leader explores the traps that they have encountered through their leadership. Jury hopefully it brings a new perspective to your role as a leader and helps you navigate your own way through the traps. Thanks for joining us. Let's jump into the trap. Hey david we had a great conversation with minnows saxena where we covered a lot of traps from his time as a ceo and all it has worked with the startups. How did you meet minoshe. Yeah i'm glad he could break away and spend time. This is a busy guy. And he's had quite alive He's a serial entrepreneur. We met over twenty years ago. He had come out of corporate. Three m was his prior large corporate experience before he founded as i company extra prize and i came out of corporate to help run human resources for him so he was The introduction for me and to the startup world over twenty years ago and we grew that company buildouts executive team and just a great team in general He is a charismatic guy. As you came to know in the time we spent with him and He knows how to he knows how to sell a solution and he did. And we Attracted a lot of High impact investors and and clearly. He showed the might and the strength takes to Build out company so extra prize led to a web affi- which led a step in which he was running the watson project at ibm ibm acquired weber. Fi one of his startup so He made a corporate run. I think he set for seven years. He mentioned it again. I believe in our time with film but nevertheless annot saxena currently is doing a number of things. He co founded an artificial intelligence company a He's really interested in the ethics behind artificial intelligence And then there are a number of other things. He's interested in that we couldn't even touch upon but he is A well-versed wise leader. Who learned through a number of traps along the way and he shares some of those with us a few things that really jumped out for me in this episode in particular was him the wisdom and advice from his mom. First of all. I thought was really really really good and he was very genuine as he talked about female leadership. I really appreciated his insights into the importance of female leadership in women bring to leadership roles and i think to. He used the term. He referred himself as a serial and they bler and that struck a chord has me and how important that is and being an advocate for others and then you know the the last piece that i carried away and i'm thinking about now. The work that i do with others is the concept around focus alignment and follow through and what that means as a leader so few things that i hope our listeners. Also take away. Among many many great subjects we talked about but that that stuck out for me. Super impressive guy. So let's get right into the trap so We'll hear more from annot sexy. We're.

dr chris saxena david ibm austin boston texas weber
Amazon Begins New Chapter as Bezos Hands Over CEO Role

AP News Radio

00:46 sec | 5 months ago

Amazon Begins New Chapter as Bezos Hands Over CEO Role

"Amazon's founder and CEO Jeff Bezos has stepped away from the company's top spot Jeff Basil's has handed over the reins of Amazon to ENT Jesse who ran its cloud computing business but Basil's who remains the largest shareholder still hold sway over the online behemoth taking on the role of executive chairman with plans to focus on new products and initiatives jazz he takes the helm of a one point seven trillion dollar company that tripled its profits during the pandemic with consumers more dependent on internet shopping but Amazon is facing activism from its work force during a labor crunch one unionization effort failed and now the teamsters is attempting to represent the work force hi Jackie Quinn

Jeff Basil Ent Jesse Amazon Jeff Bezos Basil Jackie Quinn
"executive chairman" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

03:26 min | 5 months ago

"executive chairman" Discussed on MAD MONEY W/ JIM CRAMER

"And it just i always laugh. I did the same thing. I did was spas boss boss blah. What are they have and what they have. Now is. Beauty health friend saunders. Executive chairman of the beauty health company back. it's company. Thank you great. The city bread appreciate. I give everybody's back at franklin coming up next make money. What are we got kramer's bringing the thunder and answering your burning questions in today's edition of the lightning row him and then the let this over. Are you ready. Keep daddy could remove summit. Michael imaging my call. Hey grandma hope. I'll well in the house once on timber carla. I'm done with the us court for now. Carmax made been the peak when it had a really great number. I'm staying away wendy in georgia wendy time. Doing i'm doing fine. How you doing my whole family here guys. A right fit maybe a stock. Nine mankind mankind spectator stock. I hated it. Stop for the longest time. And i was right but everybody on twitter. How many hated injuries. Now suspected a play that i like and you can tell your whole family that is just for speculation there was some buzzer went off. Wendy can ignore it. Let's go to zack. In washington zach. Jim hey what have you heard about. The debt. free company developing breast cancer treatment drugs. Nothing who's either. No i got to look into that one. I mean that thing that thing with the chart surly positive. Let's go to julia to do homework. Jerry in your. I gen a big from long island new york gall my wife say right now well play great time caller here. I like to know your opinion about a company you recommended before too. I buy sell or hold. T t y tastes beneficial finance corp. Yeah i thought that was a good. You know to me. Mcvay decent spot You know the facts of all been kind of wiped out I don't wanna get one. I don't wanna give up. I just don't and that alleged digging version of the wrong is sponsored by. Td ameritrade coming out. What can nike and starbucks teach the street about doing business in china kramer's got the answer. Then i've.

nike starbucks Michael Jim china Jerry georgia julia twitter ameritrade today saunders Wendy Mcvay kramer new york gall Nine mankind long island franklin carla
"executive chairman" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

06:07 min | 5 months ago

"executive chairman" Discussed on MAD MONEY W/ JIM CRAMER

"Many of us get the stock of nike so wrong. Making capitalization companies don't usually see their stock spike more than fifteen percent on grade earnings unless a lot of people were very very wrong or of course very very short going into the quarter. I know because i was one of those. People used to own nike for the child. Trust but over the course of the last three months. We unloaded yarn tire position. That's how word was about these numbers now. Of course i'm kicking myself from that stickiness. When even as we ended up making lots of money early on for charity with so what happens you what one one what. Bogus worry scare people away from something. That turned out to be terrific. First and foremost. There's china back in march. We learned that a handful of apparel companies like nike. and h m. we're facing boycotts. in china. after they public vowed not to source any cotton from the region. That's a northwestern. Most part of the country where the communist party is viciously persecuting the local muslim population. They've got a million people in internment camps and these companies don't want to profit from their forced labor response to chinese government an example out of h inam not nike the big swedish pouching. The brands basically disappeared from china's internet and their landlords forcing store closures. All over the country. After that you had to worry that they cracked nike to what it that would be. A huge problem. Getting nike gets to twenty percent of its sales from to china. And it's also the copies growth engine. Sure alienating the chinese government would be very bad for business but nike has recently demonstrated a willingness to stand up for controversial causes member. They signed colin capital to an endorsement deal after he got blackpool by the nfl. Wouldn't they stand with political prisoners in china to what if some analysts ask them about jingzhang on the consul and management needs some big pronouncement about religious freedom. That was really what was keeping me up at night. Well then we had a bunch of other concerns. The last time that reported their sales came in weaker-than-expected not great on top of that winter storm. Yuri 'cause you ge- domestic shipping delays in february which crept in march and caused major port congestion or the world. What else last year. We saw a massive ath- leisure boom because millions of people no longer had to dress up for work. There was a widespread sense that this'll be rolled. Back is the world returns to normal and then for a while there. You had to worry at the tokyo olympics. Which is a big nike wake. Up call would ended up being cancelled rather than just reschedule remember. He's a major sponsor in a lot of the athletes wear nike megi matters worse when footlocker reported late. May the company gave you a tap and forecast talking about ongoing pandemic related store closures in europe and canada. Well that make you feel like nike. Their bestseller might not be doing so. Well finally thanks to all these issues. Nike had an increasingly ugly chart going into the quarter. This was the worst charting. The dow jones industrials sometimes that's meaningless. But you had to wonder if maybe the bears knew something about this quarter that the rest of us didn't but then he reported last it totally knocked it out of the park. We're talking about a monster. Forty two cents earnings beef off of a fifty one basis with much higher than expected sales up at incredible ninety six percent year bureau. Top magic gave excellent guidance for the next fiscal year and then they did something that all us about they gave you a forecast all the way through to twenty twenty five. So how did they do it. Well let's start with china because that was the biggest worry. Well nike's chinese numbers weren't great much better than feared sales up nine percent on a constant currency basis as cfo. Matt friend explained on the conference. Call the boycotts. Hurt them in april but most of the pain vanished in may and by our goal. They're pretty much over it. I feel like i was too paranoid here. See sure h. And m. dig it obliterated for defined chinese government but nike nike's not ancient him some that's because nyc he's got a much bigger popular brand some of it's probably political h. m. is swedish. Okay china can make an example out of them and there's nothing sweet and can do about it but nike's he's huge american operation. Well governments not on great terms of beijing right now. They still have to think twice before they start cracking down on iconic. Us companies so well h products got purged from the internet and china nike. Still the number one brand on team. All the big chinese e commerce poverty in fact they've added another million numbers on t. mobile through the june eighteenth. Shopping holiday a mess. Incredible when you're john donahoe was asked about china and the cops school. He didn't pontificate anticipate about human rights. Abuses now instead. He sounds like kevin johnson the starbucks who told us a great story about how it was companies strong relations with the chinese customer base. Daro pointed nike's got a long history in china. His founder phil knight started making stickers. They're over forty years ago. The country's created tons of jobs here cleaning jobs new digital technology center that they're opening in chen's in so there to look at this. Maybe he's too so big that transcends politics deploy cost just couldn't stick because nike's in a class of its own. It's not like boycotting a cell phone maker or empowered company. If on jordan's you're gonna get yours. I'm not michael jordan's more powerful than presidency unless we're talking about one on one. I think there's some truth to this. If any brand can transcend politics. it is nike. But if you had another way maybe nike. The company is just very good at politics before they took a stand against human rights abuses engineers airing. They had a great relationship with the people's republic and even nike took a stand. They did it in the least inflammatory.

kevin johnson Nike nike europe twenty percent canada ninety six percent Matt nine percent last year Forty two cents april china february john donahoe june eighteenth twice twenty twenty five chen next fiscal year
"executive chairman" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:30 min | 5 months ago

"executive chairman" Discussed on MAD MONEY W/ JIM CRAMER

"And disney and might have enough. What are your thoughts. love frank's portfolio. I love first of all i think. Gm is worth probably. I think it's twenty five to forty percent more than song for attic. Mary barra chronically undervalued. She came on our show. She would find out that. I am a huge battle okay. Amd this is going to say. It's takasu that deal was going to close. We bought some for the travel trust today. Disney bob checa. I think capex to an interesting job. I've caught learn more. I've got a little more. Okay fair enough. I gotta learn more south west. Cary kelly is leaving. But he's leaving executive chairman. And i liked that he's gonna hang out what is ceo. He is and of course. Tim cook at apple. So we have tech. But we have high performance computing and gaming. We have auto we have entertainment and we have aircraft airlines know. What all right. Let's go to in florida renato. Hey jim this. Ronaldo and sunny florida thank you so much for taking my call long time since the days of kudlow and kramer am i diversified. My top five stocks are number one apple computer number two amazon three facebook for verizon and number five clean energy am i diversified. Thanks jim. This is very insects. You for those kind comes as a very interesting way to invest. Okay so you facebook. I really just scoring every day seems to go up. It's because of their shops initiatives. They are now the friend of the small and medium-sized business before them. They were hated. This was the smartest thing mark zuckerberg every did clean. Energy is a total spec. We had him on last week. It's about renewable natural gas cow manure apple. What are we going to say. Apple is terrific horizon. I hear it's going to have a better than expected quarter amazon. Stop believing that the amazon web services holiday was paid. That's just propaganda is terrific. So we're going to call this technology retailer. We're gonna call this technology retailer of a very different complexion. We're going to get this telco. We're gonna call this entertainment that's entertainment and this is spec. I'm not calling.

verizon amazon Ronaldo Cary kelly apple facebook frank forty percent last week jim Apple mark zuckerberg Amd telco Mary barra twenty five today kudlow Tim kramer
Bitcoin Mining With North America's Largest Miner

The Pomp Podcast

02:16 min | 6 months ago

Bitcoin Mining With North America's Largest Miner

"Our guys bang bang. Got fred here. Thank you so much for doing this. Thank you great to be here absolute. Let's get started with marathon in kind of your background. So marathon is one of the largest. Bitcoin miners in north america. What did you do before you on the board and then became the see you so twenty. Five plus years running technology companies across a variety of sectors. Fintech was a big one. Matter of fact my first programming job was at a bank so grew up really understanding the friction. The financial markets was had the good fortune taking some companies public. Doing a lot of a and then switch to the dark side became a private equity managing partner and did leveraged buyouts tech companies and then started advising really large funds and tech companies. I had known the ceo. Marathon merrick former ceo now executive chairman for many years socially or kids grew up together and i joined the board in two thousand eighteen. Really that help him with kind of the transition to bitcoin. Mining and blockchain always been fascinated by blockchain. I think it's a great leveler. If you look at kind of how the internet developed and brought kind of the democratization of information i think people exposing data on the blockchain is going to change. How businesses operate imagine companies like salesforce. Who effectively hold your crm data hostage. If all that data around the block chain not only could use salesforce taxes and gained benefit from it. But you could use other applications. I think there's just a were so early in this blockchain development. Bitcoin cryptocurrencies. Just one part of it. I'm a big believer in the bitcoin. Blockchain foundation for financial institutions very secure fully decentralized network. You know you can say other things about ethier. Money has some great benefits. But it's still is less decentralized than the bitcoin blockchain and there's just so much you can do so. I was very excited at the opportunity to step into more of an operating a marathon. And i think now's the time where you'll see. The miners become more professional. Companies were real enterprises. If you just look at the build out plans most of us have you know. We'll be billion dollar revenue companies within the next year and a half to two years and those become big companies and they need to be run in a proper way with good

Fintech Marathon Merrick Blockchain Fred North America Blockchain Foundation For Fina Salesforce Ethier
Jeff Bezos Promises to Make Amazon “Earth’s Best Employer” in Farewell Letter

Techmeme Ride Home

01:47 min | 8 months ago

Jeff Bezos Promises to Make Amazon “Earth’s Best Employer” in Farewell Letter

"As we know. Jeff bezos is relinquishing his. Ceo title later this year and so this morning. He released his final letter to shareholders as amazon ceo. And it's interesting. He directly addressed one of the elephants in the room and suggested that amazon should extend its famous obsession with customer experience to cover care for amazon's own employees as well quoting cnbc. Bazars pointed to the recent union election outcome. At one of amazon's warehouses as an example of why the company needs to address challenges within its workforce last week amazon secured enough votes to defeat a historic unionization. Drive at its bessemer. Alabama warehouse which if successful would have represented the first union at a us amazon facility while the voting results were lopsided and our direct relationship with employees is strong. It's clear to me that we need a better vision for how we create value for employees. A vision for their success. Bazo wrote amazon has famously held a core set of leadership principles chief among them being customer obsessed in the future bazo said he wants amazon to do the same for its employees quote. Despite what we've accomplished it's clear to me that we need a better vision for our employees success. Bazo said we have always wanted to be earth's most customer centric company. We won't change that. It's what got us here. But i am committing us to an addition we are going to be earth's best employer and earth's safest place to work and quotes in his new role as executive chairman. Bazo said he plans to focus on how to make amazon's warehouses safer. Roughly forty percent of work related injuries are sprains or strains mostly due to repeating the same motions and our common among new employees. He

Amazon Bazo Bazars Alabama Warehouse Jeff Bezos Cnbc United States
After Union Fight, Jeff Bezos to Focus on Amazon Workers

Morning News with Manda Factor and Gregg Hersholt

00:19 sec | 8 months ago

After Union Fight, Jeff Bezos to Focus on Amazon Workers

"Now that he's the executive chairman of the company, he's going to focus on making Amazon a better place to work he made. The disclosure in his annual letter to shareholders today says he did not take comfort in the outcome of the recent union election in Alabama. Even the workers there rejected the union. It's time now for the Co Moh consumer tip. Sponsored by Tyco, or title,

Amazon Alabama Tyco
What Will Amazon Do Next in 2021?

The Small Business Radio Show

05:29 min | 9 months ago

What Will Amazon Do Next in 2021?

"The other day announced a new ceo. And so we're is amazon. Going in two thousand twenty one and how can small business owners actually participate hit. Help is jason boys. A season entrepreneur and nationally rise x. nationally recognized expert on amazon. He's considered the world's leading expert in dot com third party sellers. He's the founder and ceo of avenue seven media llc a seller group that harnesses the power of amazon for direct to consumer product brands. He's also the co author of the amazon jungle. The truth about amazon and the sellers guide to thriving on the world's most perilous e commerce marketplace jason. Welcome to the show. Thank you bury. Congratulations to you. Six hundred and twenty six show twelve years you know. He started with just one person. So tell me how you've been doing during this pandemic. Our business has been booming Amazon scott galloway came out and wrote a book about The pandemic amazon a company that was built for something like a worldwide pandemic and they've benefited greatly and frankly so's my business. Because so many small businesses that had regional brick and mortar retail store outlets that. Just shut down on him and folks were were kind of on the fence prior to the pandemic called and said jason get amazon tomorrow. Can you help me so our business has been. I mean we keep up very hits been it's been You know a bittersweet story. It's good news that our businesses doing great as results pandemic. But it's been a really difficult time for everyone. Any recession is always winners. And there's losers. But i tell you one thing jason happen. This year that i never thought could happen in relation to amazon. I couldn't believe they couldn't deliver in two days. Came buried i. I made some predictions in early october. That fda and amazon delivery network was going to break. It ended up not breaking but they broke the post office. They bury them with so met much volume that they literally couldn't couldn't handle it and you're absolutely right. There were very few packages that were delivered to people's doors within two day window within that one day window even still though what they did. This holiday in terms of ramping up delivery final mile warehousing added fifty percent of square footage and like four months. I mean it's historic area. It's pretty incredible what they did so just recently announced. Jeff bezos is going to step down. Ceo and there was a joke on facebook. That says well i guess he's fully invested 401k. Now that's why he's stepping down. But one predictions you have for twenty twenty one with amazon given a new ceo and the hopefully the winding down of the pandemic. Yeah well you know. I hope jeff vases is going to be okay with the pay reduction. Moving from fulltime. Ceo to just executive chairman. You think you'll be okay hope but yeah you look i. I don't think that amazon is going to miss a beat. You know the minute. The announcement came out which by the way was interesting enough announced around the same time as their blow out. Q four earnings call Historic in its own right Potentially to deflect which amazon's pr department is really good at About how great they have benefited in his really tough time for our country But look amazon's not going to miss a beat andy jazzy. Jeff clone bleeds amazon. Blew has been basically attached to jeff bezos hip for more than twenty years. He's an incredibly talented competency. Oh who took. Aws from zero to fifty percent market share in the cloud. Space according to gartner so He's incredibly talented. He will help Execute on jeff bezos division. Basil's we'll take a back seat behind. The curtain is gonna shove jesse in front of congress and answer. All those difficult antitrust questions and basis is going to work on what he loves doing which is invention and future technology. Whatever amazon looks like five ten years from now will have been developed from. Basil's mind so he's not going anywhere. He's just removing himself from some of the shall we say more uncomfortable task. It's going to land on jesse's lap in the next You know one to ten years. As i trust drums or are beating louder and louder. So let's talk about some of the trends that you've been discussing Tell us about how you think. Amazon is getting into healthcare. They are already in healthcare. I mean they're providing primary care for you know scores of their own employees tens of thousands of their employees they They famously removed themselves from joint venture with jamie diamond and berkshire hathaway recently In the rumors from within inside amazon at the reason they did that is because they were holding back and the amazon pharmacy group which spun up recently. we're saying we can't move fast you know. We can't move fast because we're being held up by chasing in berkshire hathaway. So i saw that. A lot of a lot of people in the press came out berry and said oh. This means amazon can't figure out healthcare. It's too difficult. It's too challenging. I didn't see that at all. I just saw that you know amazon. Saw this as cutting weight so that they can really focus on what they do. And that's innovate

Amazon Jason Boys Avenue Seven Media Llc Jason Scott Galloway Jeff Bezos Jeff Vases Andy Jazzy Jeff Clone FDA Basil Jesse Facebook Gartner Jamie Diamond Berkshire Hathaway Congress Amazon Pharmacy Group Berry
Jeff Bezoss second act

Reset

05:11 min | 10 months ago

Jeff Bezoss second act

"Now. That jeff bezos is leaving his role as amazon ceo. Everyone's wondering what the future holds for one of the wealthiest people in the world. In fact this doesn't mean bazo stepping out of the spotlight at all. It's actually more likely that his spotlight will just be getting larger joining me to discuss. This is recode teddy cypher. Hey so does this. News about basil's mean less pressure on him overall. Or any less scrutiny. I think you can make a good argument. That scrutiny on basis himself is actually going to increase even though he's no longer. Ceo of amazon. You know this is somebody who has become a symbol in some ways of of one extreme in american capitalism He's now the second wealthiest person. I don't think that's going to mean that much less scrutiny. But obviously you know he's gonna fade right. When amazon is called a testify on capitol hill. it probably won't be jeff bezos. Who's gonna be there it'll be successor. Andy jazzy but bezos is going to be under a lot of pressure to do good for the world with this money. Which is something. That basis is going to have to navigate so i don't think he's fading from from public eye. He's going to be executive chairman of the company. And now he's going to have to answer questions about him as a person in a way that he has only really begun to over the last couple of years. Basil's actually has reputation for not sharing his money. He hasn't signed the giving pledge he hasn't promised to give away all of his money in his lifetime. Do you think that he'll finally start stepping up and becoming a big time. Philanthropist like some of beers bill gates and otherwise so basis over the last few years has started to part with more and more of his fortune as scrutiny has been increasing on him. You know the biggest commitment in charity last year from anybody was ten billion dollars that basis set aside for climate change research which is a huge amount of money. He also a couple of years ago. Set aside two billion dollars for a homelessness initiatives and for a series of montessori preschools. He's developing so. I think you could definitely say five years ago. That he was not on the scene but now he he's emerging on it and look. I mean there's still a lot more money to go. I mean two hundred billion dollars is hard get rid of it really is but he is As becoming more and more famous. I think you see him starting to understand that you can't really get away with being so parsimonious just as a lot of pressure rummy whether whether that's Motivating him or you know. His belief in the causes motivating him. There is indisputable public pressure. When you're the richest person not just one of many which people now. What about his space boundary. Gms bezos has said in the past that he wants to spend the majority or could spend the majority of his money on blue origin. He founded the company a long time ago. Can you remind us what the company is. What has been doing sure so. Basis has been selling a billion dollars a year of amazon shares to finance blue origin and blue origin is actually two decades old. I think we forget that this has been around for way longer than his philanthropic projects Blue origin is Spacecraft company that's trying to commercialize private speech travel It's frequently said in the same breath as spacex. Which is the private space travel company financed by a different tack. Billionaire the only person who's in the same stratosphere wealth as him Hummus elon musk. So musk in. Bezos are two billionaires who are at the forefront of private investment in space now. I'm not an expert on everything Space related but generally blue origin is seen as lagging spacex. Now is that because betas an financing and enough orient spend enough time on it if that is the case then you gotta feel good about Future given that basis has a lot of money leftovers. We just talked about and that he is going to be spending more time on his hands to to maybe dig into this. So you've got the philanthropist bezos the star man and potentially base the media mogul any insight into what he wants to do at the washington post. Yeah those are the three Three doors jeff as is gonna walk through over the next couple of decades. He's only h fifty seven so he's got a long time to go. Basil's bought the post. I guess now seven eight years ago in what is now seen as as a bargain deal. Probably you know he gets high marks for overseeing the post. It's you know he's given it a lot of runway. It is now profitable You know it's obviously facing uncertain. Future like all big media. Companies are after the trump era can the heap subscriptions coming At a same clip can the key public interest in their work. As high as it's been over the last few years oppose searching for new editor which is going to be a process that i imagine basis will be involved with in some capacity and look he. He has said that this is part of his work to defend kind of american democracy so I don't know if he's an invest more money in the post now profitable. It's privately held but he will probably be more available for phone calls if anyone has a neon complaints about washington post stories

Amazon Jeff Bezos Bazo Teddy Cypher Andy Jazzy Bezos Gms Bezos Basil Capitol Hill Bill Gates Spacex Washington Post Jeff
Jeff Bezos steps down as Amazon CEO

Marketplace Tech with Molly Wood

03:21 min | 10 months ago

Jeff Bezos steps down as Amazon CEO

"Amazon's founder and ceo. Jeff bezos announced this week that he is going to become executive chairman of the company and the new ceo will be andy jesse. Currently the head of amazon web services amazon is twenty six years old. and obviously it's massive and has ideas to do everything from package delivery to television production too smart. Microwaves to artificial intelligence. And obviously it's huge an incredibly profitable cloud business amazon's ambition and reach is legendary but with betas taking on a new role. Could that change. It's a topic for quality assurance where we take a look at big tech story. Stone is a senior executive editor for bloomberg. He's written one book on amazon and has another one coming out this spring. I asked him if amazon might start to focus more on the gold. Mine of its cloud amazon actually has kind of two of those gold mines. You mentioned one. aws the other one is advertising. And it's been this kind of quiet force gobbling up market share in online advertising. And you know for the last ten years. It's investors have been wholly on board with amazon not returning that money to shareholders not showing you know a big profit although they've been getting better in that regard but investing and inventing new things to the extent that its shareholders continue to allow that to happen amazon. Continue to do it now. jeff bezos. He's going to continue to be active in the big decisions and working on new projects and executive chairman. There's a role that carry some meaning. He's still going to be andy jesse's boss in many ways andy jesse seems formed in the same mould as jeff visas and yet. There are real critiques about the company's treatment of its workers it's wages its approach to climate not even with and i trust. Do we have a sense of whether jazzy might be more responsive to some of those critiques. Right are we going to see a softer gentler amazon. Like a tim. Cook to steve jobs. That's right and in some respects. Maybe chelsea's is while he's sort of cleaved from jeff bezos rib and a lot of ways. He's also different. I mean he's more politically active at the same time amazon. Aws under andy. Jesse sold its face. Recognition software to law enforcement agencies and only paused for a year. When the blm movement became very loud and vocal. So i don't suspect it. I much change particularly with a very loud voice on the board with a lot of sentiment changing. Is that not a good thing. Should jesse be more open to change. Will shareholders have less tolerance for business. As usual i think they're gonna have to start listening more to the voices not only of their frontline employees in the warehouses who do have some real grievances particularly amid the pandemic but to the contractor workforce almost kind of invisible constituency who tries to amazon vans and drop software packages like a lot of companies amazon kind of indulgence itself of this contractor workforce where the healthcare protections fifteen dollar an hour wage protections don't exist and so i think yes i mean they're going to increasingly if they want to get to that next level of growth. Have to listen to some of these concerns brad. Stone is a senior executive editor for bloomberg

Amazon Andy Jesse Jeff Bezos Bloomberg Stone Steve Jobs Jeff Chelsea BLM Cook Jesse Andy Brad
Merck CEO Ken Frazier is stepping down

This Morning - America's First News with Gordon Deal

00:14 sec | 10 months ago

Merck CEO Ken Frazier is stepping down

"Merck CEO Ken Frazier will retire effective June 30th and will be replaced with company CFO Robert Davis. Fraser will continue to serve on Mark's board of directors, its executive chairman for a transition period to be determined by the

Ken Frazier Merck Robert Davis Fraser Mark
Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3

Techmeme Ride Home

03:17 min | 10 months ago

Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3

"He have probably heard by now that jeff bezos is stepping down from his role. As ceo of amazon will be transitioning to the role of executive chairman. This will happen in q. Three of this year at which point. Aws ceo andy. Jesse will become the new ceo of amazon bezos. Wants everyone to know. This is not a retirement in a letter to employees basis. Wrote quote as much as i still tap dance into the office. I am excited about this transition. Millions of customers depend on us for our services and more than a million employees depend on us for their livelihoods. Being the ceo of amazon is a deep responsibility and it's consuming when you have a responsibility like that it's hard to put attention on anything else as exact chair. I will stay engaged in important amazon initiatives but also have the time and energy. I need to focus on the day. One fund the basis earth fund blue origin. The washington post and my other passions. I've never had more energy and this isn't about retiring. I'm super passionate about the impact. I think these organizations can have amazon. Couldn't be better positioned for the future. We are firing on all cylinders. Just as the world needs us to we have things in the pipeline that will continue to astonish. we serve individuals and enterprises and we've pioneered to complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics and if an amazonian idea requires yet another new institutional skill. We're flexible enough and patient enough to learn it and quote quoting cnbc. Amazon's chief financial officer. Brian ozaki said on a media. Call that the executive change was decided in consultation. With amazon's board of directors he said basis will remain very involved and have his fingerprints on lots of different parts of the company. Said jesse is a visionary leader who will bring his own skill set but that amazon expects a lot of continuity with the transition and quote. Yes the pr message from across the board is that basil's is still going to be involved with cool things at amazon things like new projects. New products strategic initiatives. that's very common for founders of these big companies. Say twenty years into them. Eventually you only want to do the fun stuff. Not the dirty stuff of running a huge operation day to day. Same thing happened. To larry and sergei at google they transitioned to their moon shots and other baths before drifting out the door entirely. I'll point out. That bill gates stepped down as ceo of microsoft. Thirty three years after the founding of that company amazon is only twenty six years old by comparison and yet gates was only fifty three when he retired bays fifty seven. I'm not saying fifty seven old by any means. But i didn't know that that was his age. All's i'm saying is if you're the richest man on earth depending on the day the sort of thing makes sense around this stage of life right. I also think it's worth pointing out as several people have been pointing out and as you'll hear again in a second that if we define the tech oligarchy as apple google amazon microsoft and facebook facebook is the only one of the big five to still be run by its founder. The rest are either in their second regime or even a generation or two beyond that

Amazon Amazon Bezos Jeff Bezos Brian Ozaki AWS Jesse Andy The Washington Post Cnbc Basil Sergei Bill Gates Larry Google Microsoft Gates Facebook Apple
Jeff Bezos to leave Amazon CEO post after 27 years, become executive chair

Techmeme Ride Home

03:12 min | 10 months ago

Jeff Bezos to leave Amazon CEO post after 27 years, become executive chair

"He have probably heard by now that jeff bezos is stepping down from his role. As ceo of amazon will be transitioning to the role of executive chairman. This will happen in q. Three of this year at which point. Aws ceo andy. Jesse will become the new ceo of amazon bezos. Wants everyone to know. This is not a retirement in a letter to employees basis. Wrote quote as much as i still tap dance into the office. I am excited about this transition. Millions of customers depend on us for our services and more than a million employees depend on us for their livelihoods. Being the ceo of amazon is a deep responsibility and it's consuming when you have a responsibility like that it's hard to put attention on anything else as exact chair. I will stay engaged in important amazon initiatives but also have the time and energy. I need to focus on the day. One fund the basis earth fund blue origin. The washington post and my other passions. I've never had more energy and this isn't about retiring. I'm super passionate about the impact. I think these organizations can have amazon. Couldn't be better positioned for the future. We are firing on all cylinders. Just as the world needs us to we have things in the pipeline that will continue to astonish. we serve individuals and enterprises and we've pioneered to complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics and if an amazonian idea requires yet another new institutional skill. We're flexible enough and patient enough to learn it and quote quoting cnbc. Amazon's chief financial officer. Brian ozaki said on a media. Call that the executive change was decided in consultation. With amazon's board of directors he said basis will remain very involved and have his fingerprints on lots of different parts of the company. Said jesse is a visionary leader who will bring his own skill set but that amazon expects a lot of continuity with the transition and quote. Yes the pr message from across the board is that basil's is still going to be involved with cool things at amazon things like new projects. New products strategic initiatives. that's very common for founders of these big companies. Say twenty years into them. Eventually you only want to do the fun stuff. Not the dirty stuff of running a huge operation day to day. Same thing happened. To larry and sergei at google they transitioned to their moon shots and other baths before drifting out the door entirely. I'll point out. That bill gates stepped down as ceo of microsoft. Thirty three years after the founding of that company amazon is only twenty six years old by comparison and yet gates was only fifty three when he retired bays fifty seven. I'm not saying fifty seven old by any means. But i didn't know that that was his age. All's i'm saying is if you're the richest man on earth depending on the day the sort of thing makes sense around this stage of life right. I also think it's worth pointing out as several people have been pointing out and as you'll hear again in a second that if we define the tech oligarchy as apple google amazon microsoft and facebook facebook is the only one of the big five to still be run by its founder.

Amazon Amazon Bezos Jeff Bezos Brian Ozaki AWS Jesse Andy The Washington Post Cnbc Basil Sergei Bill Gates Larry Google Microsoft Gates Facebook Apple
Jeff Bezos Exits as CEO, but His Role at Amazon Will Likely Be Little Changed

Squawk Pod

03:16 min | 10 months ago

Jeff Bezos Exits as CEO, but His Role at Amazon Will Likely Be Little Changed

"Let's get onto jeff. Bazo stepping aside amazon. Ceo sixty-seven he's going to have a good life. He's been kind of executive chairman for a while. People say you read that that. No one's really ever seen him at the seattle campus and they're not sure if they've ever really seen him there. He's going to become executive chairman of the board. He's a steady intends to focus energy on new products and early initiatives. The company's top cloud executive andy jazzy. No relation to hugh. I'm told he's going to take over the ceo role in the third quarter. Thank you for being here. Becky i at least get you get you once in a while. You remember bart simpson. It took me a second. Yes a second calls the bar. He calls with the bar and says it. Could i speak to this jet huge jazz. You jazz ivana tinkle. There's other ones anyway. But we digress meantime amazon. This amanda this this is this is andy jazzy. Not not hugh jazz meantime. Amazon's earnings a fourteen zero nine beat estimates of seven. Twenty-three a share. That's easy to say that fourteen zero nine beat estimates of seven. Twenty-three the atmos community the they need to go back to their spreadsheets. Revenue of one hundred twenty five billion dollars also beat estimates and it marked the first time amazon's revenue exceeded one hundred billion dollars in a quarter. That's also easy to say but hard to fathom revenue exceeded one hundred billion dollars walmart. And i it didn't just exceed one hundred billion dollars and a quarter it exceeded one hundred and twenty five billion so it was the first time they'd gone over one hundred billion and they they didn't just like step over the line they like smacked it out of the park right. Even in a non holiday quarter. They're expecting a hundred to one hundred six billion dollars in the first quarter. That is a slowdown obviously sequentially from the fourth quarter of at thirty three percent higher than the same quarter a year ago. I saw that yesterday. And i have to say my chen kind of literally fell open when i was reading the headlines about it then i read bazo says note and his letter about why he's doing it and i get it and it makes sense and you mentioned that you know he's been out there doing other things for a while. Maybe not a huge surprise except for that. He's not going to be completely disconnected. He still gets to be involved with the whole thing but he gets to do what he wants to make. Sure there are other people. They're recognizing that they're running a lot of the day to day operations and stuff. But i mean it's a great job you said he's going to have a great life. He already has a great life. This is he gets to do what he wants to do. Laying out in that letter. Why he was doing it and all the things they've accomplished. I forgot about things like one click shopping. That was such a big deal when they actually did that. I think that was before. Two thousand because i think about i wrote about it for the wall street journal and that was such a revolutionary idea and now we think of it as being nothing and he said. That's the best thing that you can possibly hope for. Is that people yawn at your innovation because they become so commonplace. They've done so many things along the way the focus on customers what they've done with the cloud. I mean they've done so many things along the way and i was amazed blown away reading just his quick list of some of the things. He's proud about some of their accomplishments. Because i'd forgotten about some of them

Andy Jazzy Amazon Bazo Ivana Tinkle Hugh Jazz Bart Simpson Becky Hugh Jeff Seattle Amanda Walmart The Wall Street Journal
Amazon stock rose 2% in Wednesday's premarket

Bloomberg Surveillance

01:05 min | 10 months ago

Amazon stock rose 2% in Wednesday's premarket

"Stepping down as CEO of Amazon, ushering in a new New time for the e commerce and tech giant equity futures. They point to a mixed opening. With the tech heavy NASDAQ leading the way in positive territory. Volatility pulls back the vics is just above. 24 right here. Treasury yields they push higher with a 10 year at 1.12% on the commodities front. Deputy I inches higher north of $55 a barrel Bitcoin. Higher once again now $36,600 per coin. Let's call it. Let's get some more color on the premarket equity trading with Bloomberg stocks editor Dave Wilson David he looking at well, since you mentioned Amazon, Paul, we must will start their shares her up 2% Aziz. The management transition begins at the online retailer basis is going to be succeeded by Andy Jassy, who runs the Cloud computer unit. Amazon Web services. Bezos will be executive chairman should point out to Amazon's fourth quarter results, beat analyst average estimates and Bloomberg survey.

Amazon Bloomberg Stocks Dave Wilson David Treasury Andy Jassy Aziz Paul Bezos Bloomberg
Jeff Bezos Is Stepping Down as CEO Of Amazon but Staying On as Executive Chairman

Yahoo Finance Market Minute

00:12 sec | 10 months ago

Jeff Bezos Is Stepping Down as CEO Of Amazon but Staying On as Executive Chairman

"Jeff bezos is stepping down as ceo. The ecommerce giant. Andy jesse ahead of amazon's web services will become. Ceo vessels will stay on as executive chairman of the board

Andy Jesse Jeff Bezos Amazon
Who is Amazon CEO Jeff Bezos' Successor?

WSJ What's News

01:01 min | 10 months ago

Who is Amazon CEO Jeff Bezos' Successor?

"We begin with the big leadership. Change at amazon as we reported last night amazon founder. Jeff bezos is heading off the ceo role. To andy jesse while staying on as executive chairman. Jesse is the longtime head of the company's booming cloud computing. Business are tech columnist. Dan gallagher has more andy jesse he is. He's actually a very long time. I don't know if they call them amazon. He's he's been coming for a very long time. He's always been considered a key. Tentative of jeff bezos. What had jesse's been doing it's been rained. The ws cloud business. Amazon's been doing a lot of other businesses beyond just retail but aws has been by far their most successful in the way that it's become you know not the largest portion of the revenue but the growing one and also their largest source of profits by long shot more profitable than retail. So he's had charge of that business and it's you know the i think his him giving the ceo world kind of says were. They think that's going to be going

Andy Jesse Amazon Jeff Bezos Dan Gallagher Jesse
Amazon's Bezos To Hand Over The CEO Reins To Andy Jassy

NPR's Business Story of the Day

03:56 min | 10 months ago

Amazon's Bezos To Hand Over The CEO Reins To Andy Jassy

"Jeff bezos is stepping back. Twenty seven years ago. He founded a company called amazon which proposed then to become a bookstore on the internet than wild idea. Was that you would shop for books without actually going somewhere to look for them. It was so new. That news articles had to explain how this giant bomb for would even work of course amazon sales just about everything now and this summer as will transition to executive chairman to focus on. The long-term amazon is an npr sponsor which we cover like any other company and npr. Business correspondent. alina saliou because here to do just that good morning good morning. Were you surprised by this decision i was. We're in the middle of a pandemic. it's not a thing you expect to hear in this moment basis. Less to say how. It's always day. One at amazon says line meaning always act like a startup and we were joking yesterday with a colleague like ten. We say. now it's date to amazon in many ways. Basil's has already been axing kind of like an executive chairman kinda less running shop day today. More thinking big visionary thoughts years into the future. He says he wants to do more with all his other. Major investments like the space company blue origin. Which is his huge obsession unless the washington post which he some philanthropy all that said it is definitely an end of an era. He is the avatar for one of the most powerful corporations of our generation. It's worth nearly two. Trillion dollars founders. Tend to eventually move on microsoft. Google happened to them. I guess now that leaves mark zuckerberg is the elder statesman of big tech at age. Thirty six and then. There's andy jesse who takes over as ceo. Where does he fit. He is one of businesses longest serving and trusted lieutenants. He was the person who shaped and shepherded amazon's sprawling cloud computing business. It's a group that i saw one analyst call amazon's cash printing division because it is amazon's biggest profit center and other thing about jesse's that he's actually known to be really he's waited on black lives matter for example he's pretty free-wheeling public speaker. Business over the years has become more elusive as a public speaker. So we will be interesting to see if jesse style changes as he become. Ceo especially as he faces scrutiny over amazon's treatment of workers new labor organizing efforts federal antitrust investigations any clues as to where jesse wants to take the company not yet. Lots of reading of tea leaves happening as we speak. He's been there for a long time up. He's the internet infrastructure guy cloud computing guy. What will this mean for the retail side of the business business. How will he approach it but remember that business is still the biggest shareholder amazon. He's that's big power yesterday. Chief financial officer. Brian huskey told reporters basis. We'll stay pretty involved. Jeff is is really not going anywhere. it's more restructuring of. Who's doing what i'm imagining. This abid like you know a principal stepping in the back of the classroom. Saying i see it as you were looking for teachers not really here but their presence limbs pretty larch you'll still be a big force in the company. Any idea what else he might do. Well my biggest question is actually. Whether we'll hear more from him in the coming days will he become more outspoken. Outside of the ceo corporate role. I'm thinking like former. Google ceo eric schmidt of or microsoft founder bill gates basis mentions his charity funds. So far he's not been seen as a major philanthropist. So we'll see if that changes what he is known for his interest in hollywood circles as he going to show up in a movie. You know a joke. But he is one of the world's wealthiest people and it is hard to imagine. Jeff bezos fading into the ether when you have billions of dollars people do get interested in what you have to say. Elise thank so much thank

Amazon Alina Saliou NPR Jeff Bezos Andy Jesse Jesse Mark Zuckerberg Basil Washington Post Brian Huskey Microsoft Google Jeff Eric Schmidt Bill Gates Hollywood Elise
Jeff Bezos to step down as Amazon chief executive

NPR News Now

00:21 sec | 10 months ago

Jeff Bezos to step down as Amazon chief executive

"Amazon says that. Jeff bezos stepping down as ceo next basis will be replaced by andy jesse who runs amazon's cloud business basis within become the company's executive chairman. He's held the ceo position since he found that the online retail giant nearly thirty years ago amazon is an npr financial contributor.

Andy Jesse Amazon Jeff Bezos NPR
Jeff Bezos stepping down as Amazon CEO, transitioning to executive chair role

WTOP 24 Hour News

00:28 sec | 10 months ago

Jeff Bezos stepping down as Amazon CEO, transitioning to executive chair role

"Jeff Bezos is going out a winner. He's stepping down as CEO. We'll take the title of executive chairman later this year. The current head of Amazon Web services Andy Jassy, will move into the CEO spot. Amazon reports more than $100 billion in sales during the fourth quarter, beating estimates and it expects another $100 billion quarter this quarter. As the pandemic continues to drive more shopping online. Google

Andy Jassy Jeff Bezos Amazon Google
Jeff Bezos stepping down as Amazon CEO

Afternoon News with Tom Glasgow and Elisa Jaffe

00:19 sec | 10 months ago

Jeff Bezos stepping down as Amazon CEO

"From a business standpoint, I think things are going to remain much the same. That's Rob Smith, executive editor of Seattle Business magazine. Bezos has said he wants to focus on other projects such as Blue origin, his spaceflight company. Andy Jassy, head of Amazon Web services will take over later this year, Bezos will remain on as executive chairman. I'm Ryan

Seattle Business Magazine Rob Smith Blue Origin Bezos Andy Jassy Amazon Ryan
"executive chairman" Discussed on Humans of Hospitality

Humans of Hospitality

07:53 min | 11 months ago

"executive chairman" Discussed on Humans of Hospitality

"Really important going forward. Yeah sounds awesome all more that. I'm not actually there in person making the most of your facilities so hour we're sort of. We're in another lockdown. It looks like it's going to be a pretty Lengthy one where with pinning all of our hopes on the vaccination What do you think the biggest risk Trying supposed to get ourselves to appoint of being out of bounce back and being at a bounceback fast way a feels like we sort of moved from having the if government sort of pretty strongly back in those early days you know pre out to help out but most people. I'm speaking to fill that sort of federal for cliff at the end of that scale and we've been somewhat neglected Over the winter months what do you think. The biggest risks are probably in in twenty twenty one so hospitality making the sort of but it needs students should show. Yeah i think you know really. I follow that. The central line is. I do think that government sport has been has been pretty good actually I go back to get back to that first. Lock down when that first came to my mind and the terror and panic. We realize we're going to have to claes hotels and that was announced the full. We'd be given any any notification of furlough freezing of business rights Hold vat right big reduced etcetera. The shit terror about how we would five you figure. We wouldn't support. And i think if you go back to that that position and then look at. How long had to be closed. And how the damage that has been mitigated to certain extent by the government suppose I think they haven't done a terrible terrible job. I i this. This is a devastating disease. It it's it's something that's completely united. States unpredictable is unprecedented. It's really clever It's getting next and we've given the government almost impossible. Toss the most possible. We awesome tonight list. Important decisions on our behalf and haven't gotten more right at this net at about it at our industry has suffered through bad decisions absolutely with that. I mean some of the naievty in ten o'clock lockdowns devastating and got us nowhere. This not about the we had made our hotels very safe. There was much safer than on than with the state but this this disease is all about human contact. Nineteen at webby on now. That contact had to be reduced I guess without. I'm not really a lockdown deniers. Other people say you know. I think we had to do this week. To take on the chin till say extent. I feel photo of in sectors disobey more vulnerable to this guy. I recognize that. We're in a very fortunate position. I'm central we've taken on massive loans to get through this Those lonestar put us at risk. And i recognize when a very folks position. They they completely Score off any kind of future transfers and they completely change any kind of such getting Found on neck but they haven't threatened our existence night to some some something have those sectors in particular again each huge huge support and we need to make sure that government than than they started. And i think kate nicholson stating fantastic job in doing that. Suits identified weekday without nichols on old. She's done. I also think this campaign to get a to get a minister roundtable face at the table. That robin and his gang has promoted as certain potent than so needed. We need better onto studying a government so that they understand the new inches of detroit. I think if there is a problem in government it's not understand the different sectors into one And that isn't right and and has led to the bad decisions. They need to understand and yet they need to understand the thunder ability. They need to understand the huge impact. They have on people's lives and undetermined mental health side of that. We need government to understand that umbrella to react to that minister around the table with would make a big difference to that. Both gonna continue. I think if we can extend if we can be really helpful on the sometimes to come to allow us businesses to cover and to employ the people that they need to employ It could make a huge difference to the The recovery of the economy as a whole nothing. Some of this some good points and i share your sort of fairly rational objective perspective of is shitty situation and the god. I wouldn't want to be in the job of central government at all. Try to help. Do think the seventy percent of the sector not qualifying for those initial twenty five k. Grounds because of the rateable value scenario. And i think some of the headlines around the support furlough is spoken about but the recognition and maybe is in the restaurant sector. Where possibly they don't have the same assets to leverage loans. it's kind of like furlough is fundamentally costing those companies Quite a lot of money at the moment and if they can't access the loans decent rate because they don't have the assets to back up than than at least releasing the ground support units even the ones above fifty one 'cause most restaurants on any high would had rates value which means they go zero pounds. They've actually qualified full so far from the ground. Perspective is possibly the three k. In november and then the furlough where the money goes to the team and they are contributing towards it. Whatever the case. I think the key thing is is recognizing probably to be given time to repay but i think it must be a lot of hospital businesses at the moment thinking my goodness. We've got to get through the next ninety days property to get through to spring before we can rebound if i have the confidence to know that things like vat cup would be extended business rates. Relief would be extended at least then they have hopefully the confidence to keep that teams employed. Because the worry at the moment must be you know how many people. I don't need those those people for the next ninety days painful though it may be that cost to me you know significant amount months say money pension and an i and and holiday contributions even with the low and they ended up letting them go but i think if we can dangle that carrot and say look the support won't because all In mouth as supposed to will be extended for the full financial thing that would make a big difference. Would you agree with that. I i would absolutely day if you put about that. That's absolutely but i think inheriting what you say is this need to understand different sectors. And i think that's been entirely and you're absolutely right when you point out. The the restaurant chains have been affecting the complete different way from the asset-backed hotels and there is this misunderstanding. The hospitality is one industry snort. It's very very different. Sectors with different needs and different abilities. And that isn't ready recognized. That and thinking got new policy. So we're running out of time turning soda. Some of the things that you've already done. I know you did you ever imagine you would be setting up a takeaway food business. Richard no no no. It's great actually. it's great. I use an which which is not surprising how this weekend your first weekend is that people can come in and they can preorder food and pick it up and it is. This sort of ready made they. They took a home. How does it work. yeah. I saw the first week actually. We've been running. We started november. We started it and we had a huge new year. We did mattis new year's eve threat and she just lost in un site to support it. Which is why all looks at you and we. We.

kate nicholson nichols robin detroit government Richard mattis un
"executive chairman" Discussed on Humans of Hospitality

Humans of Hospitality

08:13 min | 11 months ago

"executive chairman" Discussed on Humans of Hospitality

"Some very successful and hotels operating out with a lot of central administration control. That's really interesting absolutely so this is one of my sort of things. I was looking forward to challenge to buy. Because certainly check chatting to to robin hudson at the pig to nicholas column. And i suppose you're seeing the changing trends. May back in hotel vans early days. Some of the hotels were lots more of a wage costs gone up and centralized costs and the minimum wage. Pensions will that kind of stuff. We've seen this need you know. At what point does a hotel become viable not viable when it seems so company coming up with a minimum of thirty thirty five rooms To make it work. So i was interested that yeah if you if you found the right model because by having a number of places close enough that you can run them as a satellite with the central team that puts you in quite an interesting issue because most people were sixteen hotels a probably coming out in the market because they can't make them work anymore to you. Feel like maybe you've you know you're you're in a nation that is uniquely well-placed to To deliver to certain extent it is it is a is a viable model and at the that size wouldn't be viable if they want All entice books seventeen approaching in this kind of satellite way unless they around. I think by an manages who you're putting into the business. I'm having said that it's it's a lot easier to to run a hotel. A successfully and profitably. If between twenty. Five and five bedrooms. I i wouldn't disagree with these Claims it Thirty five it's a sweet spot and and very much easier. Are the hotels attorney not profitable but i think they the biggest thing is that the vulnerable say if we have something difficult which hits us via to shut down because we found a bit of a specialist in the kitchen we've got to have disruption because you've got your payroll roofs or a big event in the locality is cancelled We might even go there with covid Any of these type of interruptions can can really eat up very limited profit margin and no amount of of satellite central administration will help protect the profitability. In the sense. They didn't have as much fat but if if everything is running fine of interruptions and we have a good year without any difficult things happening then yes they. Smaller hotels can be profitable. Bosley particularly actually will tend to go to eighteen bedrooms. It very high room right there. The ready ready absolutely beautiful and a very very good size and we can achieve a high roommate. Which makes it tough to level. What's the motivation to add those kinds of businesses which on as easy or as viable you just being counter and you had you spreadsheet in front of you might avoid them a you motivated by something. That's not just a prophet. What i think I think i'll say we shouldn't let the fact that we've built up a brand tier built a bit of a brand which which does help By having a collection of hotels Darryl end the very slightly different markets alert. This does a loss of crossover between them. We think it's that are aimed at insane people at a different stage in their lives under such a lot of Kind of rights rights which go through which give it commonality. They are all slightly different Different they'll have their proposition. Said we think we've created a a a little bit of a brand Tops with a small b. Which adds certain sales tanya. I'd buy that. i mean resale value. I mean it makes it easy sovereigns into them because that arrow during this this kind of central brand presence upset. I think that's helped to lead. Wouldn't necessarily have had if we hadn't expanded in in in the way we've done that's one part of it. I guess if i was or as we as a company where all about being kansas and maybe if we had we had property and asset managers behind us. Then yeah we'd probably saw hands up and say stop. This isn't the most Profitable model but we're passionate about hotels and that drives us with passionate about hotels Wait we love making them better way. We are so drawn into the idea of taking hotel it struggling and and trying something around it which makes it successful in re-positioning and we we get excited about. It's what makes us tick. We have to make proper return on. Investment duncan they will We have to make a very viable profit. We don't we don't have a backing behind this week. Doesn't need that return on capital idris. But we're able to only pay to only do the things that turn us on our way. I'm we love to do and to restrict tests to that and not just maximize out being county. I love that because we have without. You know people like you and lots of others who love this sector than those kind of yes smaller borderline viability in the. If a big player perspective. I was chatting to to hotel reselling the other day and he was laughing when i set the five rooms was a sweet spot because a Two hundred rooms. And i'm less interested in the big multinational Players i suppose who have such huge amounts of investment behind them and do becoming counseling. I love these. This is why the school the humans of hospitality. I love these quirky. Sort of independent stories. And it's a difficult sector. It's all consuming. You know it's it's very much got to be a lifestyle some of the profitability. Sometimes in the smaller ones can be marginal. Why is it that you love it so much this sector. Well i think it's just it's it's i think it's the creativity. Actually it's the creativity and the connection the connection with unity creativity. I was never drawn into the kind of big international carolina or even in the city corporations I needed to have the ability to have a vision. See something that could be done. Have the ability to create it in a reasonable timeframe and get my pleasure from from seeing how it's been created. I think that's the first part. And i think it's it's a sect where you can do that. The big you get the more corporate. You get the hardest to do that. That that's probably the first thing and the second thing i think is is the human connection Where so much about people and it sounds like it sounds like a cliche but the bigger organizations perhaps console to be so much about people that need to be about about beans i and and and the interest in the people will come because that brings no bains a way. We are ready connected with seven. Aren't on our teams. And therefore we we get huge award huge pleasure from keeping our teams happy motivators in learning and improving loyal I would also connected to our clients. We clients every day. We get to know them. We get pleasure when they come back and see us. And it's the sweet spot in the sector sweet spot where you have. The ability to cry tells dr hotels and dicara hotel business but you also remain connected with people i think. That's what makes the sector attractive now. I share a share. all of their. I'm talking about the the creativity side. Which i think we are uniquely placed. I suppose you know. Even think of our houses maybe start to reflect our businesses because we we see design in a different way you'll venues beautiful mix of classic and modern styles so the quite rich furnishings. But but they they stay to the right level of informality in stay relaxed. Does that come from you if you go an eye for detail and that creative satellite or if you with with.

robin hudson nicholas column Bosley Darryl tanya kansas duncan dr hotels dicara hotel carolina
"executive chairman" Discussed on Humans of Hospitality

Humans of Hospitality

08:32 min | 11 months ago

"executive chairman" Discussed on Humans of Hospitality

"Where we'd we'd never never even thought michael very much aware of that when you have those sort of initial negotiations it was party sort of rescuing the existing business and hotel enough but it was very much little eyes wide open about. This is what this could become. But it's going to require a significant level investment over a period of time or or was it case. That point was kind of thinking is going to stay as is it clearly on a trajectory for to be more. I think michael. And i knew that things have to change Although the hotel have been very successful weight we'd probably we probably got a bit misled. We stumbled across the single omission star at some stage enough a few years and it was probably the best thing that happened to us. It took us away from our a real A real cool of virus in the old became the chasing these accolades and seventy other hotels. Going down to nothing. Just did it you. Just you just don't need to but we did and it probably took us into realms of pretension of an honest And i think it was. We knew we had to change. And this wasn't opportunity to do so. And i think michael is well for. Change was definitely on the cards. I think he got involved if he knew. I didn't want that change. I don't think he ever felt he would end up. Investing what he he did along the lines. I tell us a huge on on capitol. You know the depth of calculated is just massive and we had some great ideas along the way and we had some possibilities for expansion which which felts which felt ignored uninsurable on. Michael probably did invest more than he. He thought he would have do at the very beginning. But i think he loved it i think he loved journey and he he got more passionate about this world of hotels which was a new want him and they'd family who was involved have have same passionate she. They absolutely adore hotels. Everything about them then left left the association amazing so just to go back to the mitchell in star. We sort of interested in that because you thought that it would. It was a good sort of a bedrock. I suppose for the business if you had started met you busy or was it a sort of a pride thing where you just really wanted one. We didn't We didn't vote on but we way stumbled on a a great chef. Lovely guy got go right solving Who who actually. We loved and enjoyed working with the time he was. He was associate for the cost dalton and he came into be jeff and he was much better than we realized and we never said to install. I think he was surprised as we were. When we opened guide one day we had it at that point. It was terrific. It was what happened in the in the as that and and absolutely focus of a rise in he he was just doing a great job. But it does grab you and your so terrified of losing it. you're terrified of the reputational damage of losing it that it starts to drive and you you lose contact with actually what your customers want. You just think what did he do to retain it and for small hotel with limited resources. That can be quite dangerous and you find yourself Investing in size of kitchen in sizes of teams and and then limiting you limiting your product limiting your menus. Imaging your choice which is all your customers onto. It's just what the kitchen nate in order to. Keep this this This level of cuisine. Which we didn't need and i i it's it's it's a right to the fact that you have to have this. This wonderful guest Breaking restaurant in order to be successful in inauthentic I really think you do. And we didn't in those days but we just didn't realize it interesting that you say it's a it's a common trajan. I've had this conversation the la times with with my chefs over the years. Not even necessarily from mitchell. But it's understanding. How do you quantify success really. isn't infamy. I kept saying that success for me is is a busy restaurant. it's happy. Customers is good reviews and the external accreditation Isn't what motivated by. But i've had a number of you've come in very much wanting that excel accreditation and has been so challenging time sometimes to get them to understand that. The customer demand cosmo pay for has to be the most important thing from a business perspective. I think yes. I think ten years ago. It was really hard to employ shift. If you didn't say to the chef. Look i want i want these things out of my kitchen. If you didn't want these things they probably interested forced that's changed and we we now announced wonderful enrich davis who his huddled. His he's been there a got. These have the stars and that really He's come away from that now. Like so many says medical want to cook. I wanna cook great food. I'd i need to be boxed in by that. And i think there are more ships out that who feel that way. And that's result. I think restaurants about veteran students better. And that's already thank agreed so you then went on this fairly long journey. I think between nineteen ninety-two acquired the sort of additional the second building in two thousand nine what was going on in that time period. What were the sort of key decisions that you may join that time that really transformed the business built a reputation that you now have show what we built. Calcott slowly organically bit by bit. It was it was three rooms of time A couple of big jumps linley One of the first things we did she to change the direction hotels to build a second restaurant called a gun stolen That that was quite a big stat But thought that was was every positioning. Step romy we opened a casual restaurant alongside the country. And i said so which in those days was on huddle. I think we will. We will probably want refer people into the into the casual dining market in that respect. That was his accessible huge From day one and drove the reinvention on the repositioning of of the hotel accent. Will we'll also another big step built a big spa with them with Which was houston successful and up. The rooms built up very slowly up to thirty five bedrooms. And at that point we thought we'd we'd probably hit a Certainly the first ceiling expansion of calcutta and we started to to think about on a second site I think i was very keen to try and replicate the model. Which was which was based on this this great infidelity which wilkins jr welcome families and was very contentious and and and very welcoming very fresh. I we tried to look for site will be could replicate lots on on just couldn't find one can find one where the number stacked out A the size of investment needed to create that model from scratch as opposed to bit by bit trailers at a time. was just out of our region. We couldn't find the right side at one stage probably later on actually a week. We did couple with investment partner. Actually we looked at some luxury hotels as came out and we. We did putting good bids so for three of hotels. But nicer natural chapman. Who ended up requiring lexi. Tom here tells with whisper pets by a larger part stable. We didn't want to go that. That was the closest we came to to replicating the calcutt muddle but then along the way things happened. Which really made us change our strategy and we came across to opportunities in the region being bouncy house in paint sake and they're both very close to calcutta and we saw an opportunity to pick up smaller hotels Unready on them from central basis as kind of almost like satellite hotels around the ship. They were both hotels where we could say big opportunity. We thought that could be repositioned. And we thought we had some skit in that area and could make a difference and that lettuce really to the the model we have. Now which is which is very much a a migrant.

michael mitchell felts dalton la times nate Michael jeff wilkins jr romy davis calcutta houston lexi chapman Tom
"executive chairman" Discussed on Humans of Hospitality

Humans of Hospitality

07:52 min | 11 months ago

"executive chairman" Discussed on Humans of Hospitality

"Of marketing at you really lovely. So the the original building incredibly rich heritage dating back to the thirteen hundred's it will belong to the church. And i think it was henry the eighth quieter and in essence gave it away and is that sort of rich history is still apparent. Do you feel a sense of responsibility as the current custodians of that building is it sort of Obviously historic place for the. I think history is clearly very important A it didn't it. Didn't the building shouts out to you. History and huge heritage win. When you say it's a really charming collection of buildings that really. I not the kind of eighteenth century than than anything else. We have kind of setup kind of historical story if you like around a very old on which sits on the site which we noted defecated belong to the kings that i be in we still got inscription stein which tells us it was built in thirty and eleven so that a little bit of ancient history but most of it really is a beautiful and charming farm in a typical console style. I think if we if we did it now we would. We would probably have called it. A calcutta farmer honest but back in the eighties when we started it everything i needed to be. Manna got elevated. In that way. And i read two hundred and twenty acres was still. The case was always that way i initially. We didn't buy all that land initially society. We just not one which was which was the buildings over the years we we've managed to to pick it up when acquire agent and go possible was a much much bigger from now. it. It's been a real asset to us the much more than you when we when we voted sickly the moment i might even still tikwa long walk. Even though your your your code looked up and we'll get you can and actually we. We've got a lot of pleasure from welding that. And we both did it with very a farmed It was kind of agricultural wasteland. And we've got a couple of people and retain really really coming gardeners who i really passionate about restoring it in rewinding it I we've we've let go a long way of putting it but it's attracting all of some of amazing wildlife and red butterflies and rare plants and it's been a real pleasure to us and the team and our guests love it and it's a very big part of what we do at coco. Is this whole idea of getting back to nature. It's been a real banisters interesting. Yeah so hadn't picked up. So what was the motivation for that. Men for rewarding. Well i think it really came from. We didn't set out to buy that land or what. We what we needed was the Was the farmyard. That was attached to it when needed that to a convert one of our historic bonds and something useful for the hotel and divide cop so we had to buy the farmyard that any cells the farmyard. If we bought the land which is two hundred and forty acres. And as i said. When won't we acquired if it was a an agricultural desert. We didn't wanna farm. We didn't want to become farmers so it was a kind of natural move to say wilderness. If we if we let this go a little bit and let it go wild and maybe gray's little bit what's going to happen to it. And i say we have a guy on the team who was really inspired by that and taking great pleasure from being its guardian an israeli ready rate from moods. But it's it's happened very slowly over time and it hasn't been an instant plan. Let's do this next year. It's just been a very very slow back to nature but our guest love it now. It's a wonderful place to bowl can fail nature. I'm say we're very proud of addition amazing. Now i be partly through. I think i think we have a responsibility being involved in the world of food and drink something through the restaurant cyber understand where food comes from to understand the sort of the impact of agriculture. I suppose and yeah where we can be part of the solution to that and everything. We're now learning. I think what we wilding and Yeah paying back oh. Some of that. Responsibility is such an important thing that we we should be doing but also offer these so while done. Yeah and i think it's also part of the experience i think Taught of the that one of the cornerstones of calcutta few like it's it's this this feeling of rejuvenation when you when you come and stay with us whether that be using the spiral All having some time with the kids without your kids after the crash May time is a big part of it and being able to go on balkin in beautiful countryside is very much part of why people want to escape the city and have a few days of of rejuvenation. So it's it's it's very important. The experience of visiting calcutta amazing. Tom listened. I did a podcast with ecological land trust offers. Ever any interest in in allowing a little pocket of that. 'cause you know a lot of access to farming is prohibitive to so many of these news a small scale producers. I suppose who who wants a fawn the land in an ecological and sustainable way but in essence accountable to buy a couple of hundred acres. They work with Tenants who just won't five acres a time. But it's a really. It's a nice idea of allowing some farming to happen but very much at the about ecological suppression rewarding. So you go and have a listen if you get a chance as a club i will okay so incident little bit just started lots to talk about that in the early days. My right in saying this sort of started off. His family concerned did you. Did you take dad. is that right. Yes it dates yet. My father was was trying to tell you but he he. He moved quite quickly from a Industrial picture in fact. He was catching events if a bp. But i grew up amongst the passion for hotels wherever we went to do we we we visit providence hotel. If none of the we'd always get and see the new life and just about with huge passion into hotels. I think as a kid. I used to play hotels. That's how it started. Say it was kind of an edible that i would want to do it and i don ahead training. I think to oxford brookes polytechnic as it was in those days and let hotels. I spent some time working For david lebanon be at the capitol heights in london management training program and spent on the front step supporter in the kitchens in the ball and so on from baton mastercard a loss of london hotel keeping but london wasn't for me. I had this passion which already started college for The idea of of picking up a building and repurposing it and changing and making something wonderful from it i i did various projects. I was are our member. Ding ding project to convert. My my old school into hotel went into its enormous dictating kitchen. Plans and tech's plans for marketing plans executive accession. I understand it fell into the hands of the parent at one stage. He wrote the head. Boston discussed that they would consider converting the school but that that was always always more passion and When my father had the opportunity for an early retirement package He said what i want to do. Now is fulfilled my dream and and and make a hotel it let me and i thought wow this is a wonderful wonderful show..

calcutta Manna stein henry wilding providence hotel oxford brookes polytechnic david lebanon Tom london capitol heights baton mastercard Ding ding Boston
"executive chairman" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

03:29 min | 1 year ago

"executive chairman" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

"What was the what was behind the decision to go public at that time? Why I thought that a couple of things would happen ultimately if you build a firm in the in the investment world the way it works is eventually, you know, you have new generations come on and they would say well who founded this firm and why is it old guy still walking around here? And and what is he doing taking up his office space? So, you know eventually younger people to come in and they would want to take the economics associate with the firm. And so if you don't own stock in The Firm, you probably eventually will not realize the the rewards of building something. So just as Bill Gates took his company public or Jeff Bezos or Steve Jobs when you take your company public you off certain amount of stock and assuming it's not overly diluted. It's going to be stock that you have for some time. So I saw it as did other people as a way who did these kind of things a way of ensuring you're going to have a certain value touch to your yourself for having created the firm and having built it and you know, and that was a way also to eventually get rid of the founders and eventually you have new stock coming in for younger people, but the founders still get off. Keyboard, so I thought it was a way of doing that. I thought it was also a way of getting us some Capital that we could expand the firm and grow and that was another Factor. That's why people often go public. I also thought that it was, you know, an approval to recognize what we had built and and probably was you know an appropriate thing to do and gave us more credibility. I think is a public company very often as a public company. You have more transparency people take you more seriously in some ways. Yeah, very interesting. You are now the co-executive chairman of the organization. Hope you don't mind mentioning you but you're in your seventies now, how how long do you suppose? You'll you'll stay at them. Is this something you're hoping to do for are you going to be like a Warren Buffett still in your your that role? When you're ninety, what are your aspirations from that perspective?.

Warren Buffett Jeff Bezos Bill Gates chairman Steve Jobs
"executive chairman" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

01:37 min | 1 year ago

"executive chairman" Discussed on Technovation with Peter High (CIO, CTO, CDO, CXO Interviews)

"The John F Kennedy Center for the Performing Arts and Washington DC as well as on the Council on Foreign Relations in this interview. We discussed David's youth growing up in a blue-collar family in Baltimore his experience working in the Jimmy Carter Administration in his interpretation as to why the administration was viewed as unsuccessful. We also discussed David's decision to leave government and the legal profession to start Carlisle. We discuss how the firm got major prominent political issues to join the firm including presidents and prime ministers David decision to have the business diversifying Go Global his rationale for taking the firm public and we discussed David's philanthropic Endeavors and why he is decided to give all of his money away. We also discuss why he now stays out of politics and a variety of other topics before we get to our interview. I wanted to introduce you to our sponsor Zoho and the company's president. Timothy has been prior to take off. Current role he was a Chief Information officer of a number of companies including Reliance Industries Sears and trucks on and the warehouse group. He's now at Zoho a most unusual enterprise software company and what additional perspectives from it didn't take it away Peter. You keep calling us an unusual enterprise software company. I think we should talk about that a bit. Yes. We have not bought a single dollar from a PC or a bank and ended up bootstrapping our way to multi-billion-dollar SAS business with over 60 million Enterprise users. That itself is unusual for a tech company, but the principle that have kept us from accepting Visa term sheets are simple, we believe all our employees should have good night's sleep each night be at month and quarter-end or your end to unable this principle. We have stayed private page have not dipped into public money..

David Chief Information officer Zoho Jimmy Carter Administration Council on Foreign Relations president John F Kennedy Center Reliance Industries Sears Performing Arts Washington Baltimore Carlisle Peter