30 Burst results for "Michael Dell"
77WABC Radio
"michael dell" Discussed on 77WABC Radio
"Connecticut. With us, we have a great show for you today. We have Zach Williams and what's going on in Albany, governor David Patterson and what happened with the judge LaSalle. And let's start off the show with much solar on the real estate in New York. Good morning. This is Michael soler for the stoler real estate report on the catch round table. This morning I'm very lucky to have the chief commercial real estate officer and the regional president for ocean first bank, my friend Dan Harris. Thanks for coming here. Thanks for having me. We heard over the period of time that things are getting brighter. How are they getting brighter with regard to financing of commercial real estate today? There's tremendous opportunity out there. Recently, it's changed a little bit though. The funds, the REITs, the home offices, are doing a lot more commercial real estate lending than before, in some cases, more than banks are collectively so that it's shifted quite a bit that the development jobs and the repositioning jobs, especially the larger ones, are often done by funded by non bank entities. So for my audience explain what a non bank entity is. It would be a large fund, the large REIT, a large family office, which is managing someone's personal wealth and Michael Dell has one, for example, in that genre, and they have large capacity and they are really smart real estate people. And they go after the deals that the banks are a little more concerned, conservative, they're a little nervous about. The cash flow is not proven. It's a development job. They're doing a lot more of that than the banks are right now. And what do we call this over there? This is no to note financing because these people have the money, but they want to leverage the amount of money. Compared to me what the notes from the concept. A business has arisen. It's been around, but it's getting much more popular now where the fund will make the loan on the development and then a bank and we do some of these crimes.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Reap the rewards of these big investments have done over the years into private startups. Well, speaking of buying back, oceans of stock could he do something very bold and this has been in the ether, but something like what Michael delled it and takes off bank back private. That is the bet there's a lot of rumor about this. We haven't a management buyout. Michael Dell's approach, all those years ago, it's brilliantly executed at the controversial, but you managed it. And that's exactly what Dell, the company needed to take it out of kind of public view and do what you need to do behind. There is thought that one of the reasons why masayoshi son is using SoftBank's own cash to buy back shares is you can then cancel them. So every remaining shareholder has a higher concentration of shares and if it keeps doing that, it's kind of like a creepy buyout because master's own holdings in the company and increase without in that dispense of money as all money. And so there is a feeling that there is a chance that sometime in the next year or two master himself might get together with so private equity or banks or other people and just launch a buyout to the company itself. Well, one place it doesn't look like he can call upon his Elias. Elliot dumped its stake in SoftBank, which may not be a good sign Eliot seems to do pretty well usually the activist investor obviously. Yeah, I think it would be a wonderful irony if he jumped into bed with Elliot decided to do a management by iodine. That would happen. You'd have to pick the pattern very well. It is a Japanese company so I just have to start talking about the doors of Japanese financials first. Maybe Japanese private equity may be local banks. There's no discounting the fact that they could try and get a big overseas private equity coming and help them out. But I think they would look locally first. Is SoftBank too big to fail would it have some kind of a contagious effect on the Japanese economy or on the market if it were to if it's stock or to plummet, let's say, which is not happening. We put that out there. It is interesting right now. It is huge, but only a small portion of its holdings are in Japanese companies. And even though it's a somewhat large company, it's not largest Japanese company out there. So I don't think the stock will go to zero. There is value. There is actually a net asset value. And it shouldn't be actually go to soft times IR website every day. And I track it in real time. A big chunk of Alibaba. Which has a valuation even up probably in somewhat. They own a big chunk of listed companies because some of their portfolio companies have IPOs. They own a telco. So they definitely have an asset asset value. The company's stock trades at a huge discount in asset value, but I don't see it going to zero. And so that's something to note there is a floor to how low it's not going to go. But beyond that, it's not so huge that it's collapsed with causes systemic problem in Japan and therefore banks governments have to come and fail about on the flip side what they invest in model large share that is actually deputy European Asian startup. So there's no systemic problem that could stop there. And I think that's one of the reasons why there's a floor on how loaded this stuff could go. Bloomberg opinions, Tim Colton. Stay tuned as child care costs increase, associated
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Startup. Well, speaking of buying back, oceans of stock could he do something very bold and this has been in the ether, but something like what Michael delled it and takes off bank back private. You know what, that is the bad there's a lot of rumor about this. We happen to management buyout Michael Dell's approach or those years ago, it's brilliantly executed controversial, but you managed it. And that's exactly what Dell, the company needed to take it out of kind of public view and do what you need to do behind the various thoughts that one of the reasons why masayoshi son is using SoftBank's own cash to buy back shares is you can then cancel them. So every remaining shareholder has a higher concentration of shares and if it keeps doing that, it's kind of like a creepy buyout because master's own holdings in the company and increase without him have to spend our money as all of these money. And so there is a feeling that there is a chance that sometimes in the next year or two master himself might get together would say private equity or banks or other people and just launch a buyout to the company itself. Well, one place it doesn't look like he can call upon his Elias. Elliot dumped at stake in SoftBank, which may not be a good sign Eliot seems to do pretty well usually the activist investor obviously. Yeah, I think it would be a wonderful irony if you jumped into bed with Elliot decided to do a management by iodine that would happen. You'd have to pick your partner very well. It is a Japanese company so you have to start talking about the doors of Japanese financials first. Maybe Japanese private equity may be local banks. You know, there's no discounting the fact that they could try and get a big overseas private equity coming in and help them out. But I think they would look locally first. Is SoftBank too big to fail, would it have some kind of a contagious effect on the Japanese economy or on the market if it were to if it's stock or to plummet, let's say, which is not happening. We put that out there. It is interesting right now. It is huge, but only a small portion of its holdings are in Japanese companies. And even though it's a somewhat large company, it's not largest Japanese company out there. So I don't think the stock will go to zero. There is value. There's actually a net asset value. We actually go to soft times IR website every day and I track it in your car. A big chunk of Alibaba. Which has a valuation, even outside of somewhat value it. They own a big chunk of listed companies because some of their portfolio companies have IPOs. They own a telco. So they definitely have an asset asset value. The company's stock created a huge discount in the asset value, but I don't see it going to zero. And so that's something to note as a floor to how low bank could go. But beyond that, it's not so huge that it's collapsed with causes systemic problem in Japan and therefore banks become what had to come and fail about on the flip side, what they invest in, not a large share that is actually happening to European Asian stock up. So there's no systemic problem that could stop that. And I think that's one of the reasons why there's a floor on how loaded this stuff could go. Bloomberg opinions, Tim Colton. Stay tuned, as child care calls increase, associated
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Years into private startups. Well, speaking of buying back, oceans of stock could he do something very bold and this has been in the ether, but something like what Michael delled it and takes off bank back private. That is the bad there's a lot of rumor about this. We happen to management buyout. Michael Dell's approach, all those years ago was brilliantly executed with the controversial, but you managed it. And that's exactly what Dell the company needed to take it out of kind of public view and do what you need to do behind the various thoughts that one of the reasons why masayoshi son is using SoftBank's own cash to buy back shares is you can then cancel them. So remaining shareholder has a higher concentration of shares and if it keeps doing that, it's kind of like a creepy buyout because master's own holdings in the company and increase without him have to spend their money as all of money. And so there is a feeling that there is a chance that sometimes in the next year or two master himself might get together with so private equity or banks or other people and just launch a buyout of the company itself. Well, one place it doesn't look like he can call upon his Elias Elliott dumped at stake in SoftBank with may not be a good sign Eliot seems to do pretty well usually the activist investor obviously. Yeah, I think it would be a wonderful irony if you jumped into bed with Elliot decided to do a management via iodine. That would happen. You'd have to pick the pattern very well. It is a Japanese company so you have to start off on other doors of Japanese financials first. Maybe Japanese private equity may be local banks. There's no discounting the fact that they could try and get a big overseas private equity coming in and help them out. But I think they would look locally first. Is SoftBank too big to fail would it have some kind of a contagious effect on the Japanese economy or on the market if it were to if it's stock or to plummet, let's say, which is not happening. We put that out there. It is interesting right now, it is huge, but only a small portion of its holdings are in Japanese company. And even though it's just somewhat large company, it's not largest Japanese company out there. So I don't think the stock will go to zero. There is value. There's actually a net asset value. We actually go to soft times I out website every day and I track it in real time. Is that a big chunk of Alibaba? Which has a valuation, even a pride, you can somewhat value it. They own a big chunk of listed companies because some of it portfolio companies have IPOs. They own a telco. So they definitely have an asset asset value. The company's stock trades at a huge discount in the asset value, but I don't see it going to zero. And so that's something to note there is a floor to how low it's not going to go. But beyond that, it's not so huge that it's collapsed with causes systemic problem in Japan and therefore banks governments have to come and fail about on the flip side what they invest in model large share that is actually happening to us as much as you can do with the European Asian startup. So there's no systemic problem that could stop that. And I think that's one of the reasons why there is a floor on how loaded that system could go. Bloomberg opinions, Tim
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Businesses. They'll say, all right, if you have secure works, we'll give you a better rate. Show me that. And so we work with cyber insurers around incident response, as well as putting the kinds of security controls in place that help those customers reduce that rate. Where do you think your clients are just maybe companies in general are under investing today as it relates to their cybersecurity? Platform? They tend to under invest in two two areas. One, they try to go it alone with people that just doesn't make a lot of sense. You can actually get more for less spend by having an expert partner like secure works. Oh, so they try to do it in house. Okay. They do. And given the diversity of skill sets required and security today, because you let the technology do what it does in terms of the XDR platform. So the people who are then working on the things that the platform can't solve need to be much more expert. And the second is it remains true that just the basics of security prevention can prevent the majority of security attacks. And so when we see the ability to have a second way to authenticate that it is you logging into the system that goes a long way to preventing a large number of the sort of commodity criminal cyberattacks. If I look at your stock, tickers SCW X on the NASDAQ. And I put it up against the NASDAQ or the Russell 2000 or the technology index on the Russell, it looks like you've really outperformed in booms and underperformed in busts. Why do you think that is? Why are investors making more volatile dramatic moves with your stocks than they are? There's two elements to that. One is our business model has been in a transition from a services led organization to a technology led approach to security. And in the midst of exiting some of those non strategic services, the total top line has been under pressure, which is why we talk about the platform and the ARR associated with that, growing 80% year over year, hit 200 million, less than three years after launch, so it's a rapidly growing area of security and emerging market trend. So you do need investors to look underneath of the covers to see the opportunity in the valuation and the business transition. We're going to hit this at the end of this year. We've said we're going to exit probably more than 80% of the business on the new platform. So the end of that time is coming. Michael Dell is your largest shareholder is your chairman of the board. What's it like working for Michael Dell? He is an amazing entrepreneur. So this is an individual who understands how to grow businesses, is invigorated around growing businesses and really going to speak to their pain points. He is a big supporter of the importance of merging security with the technology
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Of center courtyard, but tiny. Just like three or four houses down is like a 25,000 ft² three acre house is half the price. So I called the agent and said, I don't understand. I'm not looking to bust your chops, but how do you figure 9 and a half when, for four and a half, I get four times out. Well, you know, the owner is a collector of fine arts and he thinks eventually he'll get his price. So now I have to go back through the Zillow history, and it was originally up for sale for like 12 or 14, 6 years ago. Right. Off back on for 11 off back on for ten off and I'm like, so this house really isn't for sale. This is just someone goofing around. Call me when the pull me when the estate has to dispose of it and the market will find real price. Yeah, I mean, if you're looking at a listing that a 180 days or older just as a sort of, it's not even serious, right? It's not even. I situation, I remember this is four or 5 years ago when Greenwich was really a weak market. I may have told you the story of the past. And some well-known financier had a house I'm guessing was worth 6 or 7 million. Put it on for 15 million no offers. This is an aspirational pricing era. No activity, then they cut the price to 11. It's worth 6 or 7 probably on a good day. Sat on another year. And no offers. And then they go on stage and say, you can't give a house away and grant Connecticut. And it's like, well, that's really not fair to Greenwich, Connecticut, because your view of the value of your property has nothing to do with what the market will support. But it's funny because it's sort of the circus sideshow for housing because there's these big numbers. And so you see people with modest houses say, hey, if someone's willing to pay a 125 million for a home, then my home has to be worth 10% more. And you're like, no, it has nothing to do with you. It's a circus sideshow. You know, that's the aspirational pricing is great for your realistic neighbors. So the $6 million house that's up for sale for 30 million. Hey, if you're two houses down and your house is 5, you could say, hey, I really am looking for 7. Look at that house down the street. It's 30 million. Right. 7 is a bargain. If you're realistic. Well, we were having people in Manhattan 6 floor tenement walk up, you know, looking at you have to walk up 6 flights of Sears. You go to your apartment. Making comments that when Michael Dell bought his for a little over a 100 million at one 57 that, hey, mine has to be worth more and we're like, no. It's a different market. It has nothing to do with you. Plus, he's worth $23 billion and a 100 million is a rounding error to him. Right, exactly. People forget that. Thank you, Jonathan for being so generous with your time. That was Jonathan Miller. He is the CEO and cofounder of Miller Samuel. If you enjoyed this conversation, well, check out any of the previous 400 discussions we've had over the past, oh, I think it's just about 7 years you can find those at iTunes Spotify wherever you get your favorite podcasts. We love you comments feedback and suggestions right to us at MIT podcast at Bloomberg dot net. Sign up for my daily reading list at Rudolph's dot com. Follow me on Twitter at rit holtz. I would be remiss if I did not thank the team that helps put this conversation together each week, Sebastian Escobar is my audio engineer shown Russo is my head of research. Atika Val Braun is my project manager. Paris wald is my producer
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Backed by billionaire Michael Dell setting up a blockbuster tech deal that would vault the chip maker into a highly specialized area of software Broadcom shares their down 3% VMware rallying 21.2% and Dell up by 3.2% Airbnb shutting its operations in China choosing to focus instead on outbound Chinese tourism as the country continues its aggressive approach to contained containing COVID-19 Airbnb up by four tenths of 1% And that's a Bloomberg business flash Thank you so much Charlie pellet what's had already on the east coast still spring though but the temperature is definitely climbing which is why today's Bloomberg big take is a great but worrisome read It's about how there will not be enough energy supplies to go around as sweltering heat boost power demand in the months I had putting I'm going to lay it out for you putting lives at risk There are quite a few bylines on this piece among them Noreen Malik natural gas and power markets reporter for Bloomberg news Norrie joins us on the phone from Brooklyn What I love about this piece is it takes a geographic look Around the world what's already happening and what could happen So that's where I want to start I want to start with the U.S. here And perhaps it's my U.S. bias but it was a really hot weekend And I know that air conditioners were being pushed to the max to pretty early around the country as much of the country was under a heat advisory What do we need to be concerned about here in the U.S. when it comes to energy this summer Hi Yeah so the stress on the U.S. grid is increasing It's been building for a few years and the North American electric reliability corporation which is an agency tasked with assessing how reliable our grids how do they withstand these stresses put out its most dire forecast yet or outlook at the energy transition going on and accelerating like in places like the Midwest With more renewables coming online and coal and gas plants shutting down faster there's going to be a supply crunch And you mentioned the heat It's going to ultimately come down to mother nature and how hot it is and how widespread that heat is But we've never seen two thirds of the U.S. the lower 48 states like this at risk of like potential shortfalls and potentially people without power they're not predicting outages but we should be aware of the threat out there It's interesting Last week at the global new economy form in Latin America and Panama specifically we talked about global food shortages And one of the panelists said we have this perfect storm going on that pushing us increasingly towards a looming global food crisis And I feel like it's the same story for energy and a lot of there's some similar factors certainly impacting food as well as our energy situation but it does feel like this perfect storm whether it's geopolitical or supply chain there's a lot of things at play here You're exactly right A lot of our systems a lot of our economies are already under stress consumers are facing higher costs You know going to the grocery store is a lot more expensive filling up your tank with gasoline or diesel is a lot more expensive And ultimately this is going to be another potential big risk factor not only our power bills already soaring but now you're paying more for them and then also facing blackouts And once you have blackouts or outages then cascades into bigger problems depending on how big the outages are because of companies are offline whether they're forced to or it's too expensive to run then that has an economic impact And then it impacts labor and it's one more stress factor A big one Yeah I mean I'm not trying to be glib here but it's been hundreds of years since Ben Franklin discovered electricity And what was shocking to me about reading your story is in the year of 2022 when we put people into space private private citizens into space We're having trouble just keeping the lights on around the world What is the issue here The challenge is the grid has operated the same way for basically a hundred years where you have these big power plants whether they're nuclear coal or gas just flowing power one way to homes and you're just seeing this massive transition of not only a lot of these large scale utility scale wind farms and solar farms just cropping up around the country you also have like homeowners and becoming solar providers or self generators with their rooftop solar and battery So on one hand you need a system that's more dynamic power lines into the upgraded A lot of the U.S. grid is very old And you just need some basic updates But then you also need to have two way flow of power And so that sounds like pretty easy but it takes a lot of work and given the thousands and thousands of miles of lines in just one area and the meters you need like millions of them That's a lot of upgrades needed It's interesting We talk about this recalibration certainly in the energy markets As we increasingly move towards renewables there's less investment in fossil fuels which you guys report about And so we're going to have this period that's a little uncomfortable Just got 20 seconds Also countries increasingly just worried about their domestic home front is going to make things even tighter You mean other countries like in yeah and I just talk about countries worried about making sure that they're home front right Their citizens have what they need is just going to kind of intensify the competition and in terms of competing for various energy supplies that are out there We're actually running out of time but this is a great read and it's certainly something that needs to be on everybody's radar Noreen Malik She's natural gas and power markets reporter at Bloomberg news on the phone from Brooklyn Well let's go from Brooklyn to Washington D.C. now for a check the latest world in national news with Nancy Lyons Hannah's Thanks Tim The Pentagon chief says Russia's invasion of Ukraine has galvanized countries all around the world Defense secretary Lloyd Austin noted the U.S. is now not alone in providing Ukraine with security and humanitarian aid Several countries announced new.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"You so much All right this is gonna be a tale of where reporting out this story is probably even more interesting than the story itself Excuse me everyone It's a market moving story It's totally market moving story Intrigued behind the scenes is pretty good too So should we get to it Yeah leanna baker is deals team leader for Bloomberg news She's with us in the Bloomberg interactive broker studio Lyanna and her colleague for busy yesterday breaking the news that Broadcom is said to be in talks to buy VMware We do see Broadcom lower VMware surging on this story Good to have you with us Can you take us through your weekend and just what happened when this news broke because you broke this story yesterday Sure So on our team we usually have someone on the weekend shift but I took off this weekend because it was my bridal shower Congratulations Thank you Congratulations So thought the coast was clear but I had my phone in my hand to take some photos I was with my future mother in law and the call came in that the deal was in the works So luckily I cleaned up quickly sent people on their way luckily things were dying down by then And we started working the phones and luckily around 7 o'clock We did break the store the Broadcom was and talks about VMware All right I'll shower to remember All right above and beyond Bloomberg is you like a couple of wedding presents Right there and that Maybe a cop day too Yeah or maybe like a pay for the honeymoon or something Unbelievable All right so just kidding just kidding Well maybe not Let's get to the story because this is massive And what I like about these stories at a middle of this market volatility companies are talking about or possibly doing mega deals So one thing that it does seem counterintuitive why is big strategic M and a happening right now especially in the tech sell off But if you look at Broadcom and VMware stock say fallen in tandem So as long as you are trading in the same direction as the partner in your deal you could still do a deal If they're trading in different directions that would then be problematic But we are going to see deals like this as things slow down It's not a distressed deal though It's not like the type of deal that we'd see in a bear market or a downturn where we see some high flying stocks having fallen 70 80 90% Like private equity coming in and swooping up some of those companies It's totally different than that Totally Broadcom under CO hawk tan they've been on the lookout for big acquisitions They wanted to do something to really move the needle and software They've done deals before you know 10 billion 20 billion but now at over 40 billion this would be its largest to date in software So just very deal hungry VMware has been doing deals also for years since Dell bot EMC back in 2016 EMC had controlled VMware and Michael Dell the billionaire is the top shareholder in VMware So he's had his hands in this deal for a long time and he's made a lot of money out of the hem were already but this will be sort of the final chapter should they end up selling Leigh Anne I know you're the deals person on here So looking at it from that perspective But a transaction this has been a pretty inquisitive company Strategically are people saying this makes sense Sure So Broadcom does a lot of financial engineering and they're almost like a publicly traded tech private equity firm for all the deals they've done But we are hearing that there are synergies here and some of Broadcom's customers could benefit from being upsold infrastructure software from VMware So it's very complicated and kind of the guts of what runs the Internet is what these cloud companies are doing But yeah we're hearing that there are some cost cuts and synergies that could happen here Just the latest from you and Ed Hammond crossing just about a half hour ago The deal is said to come as soon as this week What's the latest there Sure So when we reported it yesterday we didn't know what stage they were in but now we could safely report that the deal could come as early as this week There are some earnings that are planned so we're keeping an eye on it Although no deal is ever done until it's announced even then as you can see with Elon Musk and Twitter even if you announce a deal it's not a dumb deal until it closes So we'll be keeping an eye on it to see what happens Is there a chance that somebody else comes in So VMware has been publicly traded for a while and different companies could definitely swoop in I wouldn't be surprised if they're looking at it right now Always on the cusp of a sale to someone else You get that final look So we'll be chasing it as of now nothing to report What does the landscape look like right now We've been talking a lot about well uncertainty and unease with the public markets and the economy and typically during that time you'd probably see a decline in deal activity What are you hearing from your sources So we are seeing that general M and a activity is down 30% compared to last year but last year was a blockbuster year so that doesn't mean M and a is dead if you're down 30% Tech deal making has been a bright spot like you see with this deal today and also private equity firms are licking their chops They're looking at every software company under like 10 billion and thinking I'm.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Highways were getting clogged and they couldn't get food into the people of the state So they actually had to tell people take a few months pause do not come to Florida while we restocked the existing supplies of people who lived there with food and basic things So the idea is like you know we were just talking about shortage of fuel at the Austin airport And at some point they were like all right take a break No one come to Austin Let us restock our feet Well Michael Dell's the biggest cheerleader of Austin I've ever known He's been very kind to me Blah blah blah He's Austin Dunn being lost Well no you know what I'll say this And I'm first I lived in Austin over 20 years ago and go back all the time And what I'll say is from homeboy I'm going next week actually The city is in some sense completely unrecognizable just unimaginable to me since I started going there But somehow it's retained We are cool neighborhoods and they're weird neighborhoods And somehow even with all this there are bars of Austin that feel like Austin And I actually think traffic aside it's done a pretty good job Okay but it's still got some character Yeah it does And I think I was down there recently and the traffic is what got me It felt like Atlanta And I said how did Austin become Atlanta in okay Did they screw it up No I mean I think it's great I still love it There's great food There's still music but it is really wild one of the big city it's become And there's a university down there I think There's a university Thank you so much I'm glad Tracy alloy With a seriously and important conversation with a gentleman from Credit Suisse when he publishes it is publishes It's almost as exciting as Olivier's Olivia's next tip Sure Yeah I mean I'm not I was confusing Olivia Rodrigo with Olivier Blanchard Of course Of course you can do that Tom Mixed in the market here Tom I don't know Kind of here on this Thursday here Nobody kind of looking for direction here I think earnings are going to be really next week next week It's a big bank I want to hear it Jamie Dimon has to say mister Gorman and Morgan Stanley has to say and then of course we'll get into the real economy On a Thursday we're already looking to next week It's going to be exciting ECB meeting.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Officer John painter and campus safety officer JJ Jefferson on Wednesday the suspect fled after shooting both officers but was captured a short time later The joint ceremony for the fallen officers is set to take place at James Madison university I'm Jim Forbes Now this Bloomberg sports update Donovan Mitchell scored 27 points in his return from a concussion that sidelined him for 8 games boy on bogdanovic added 19 points and the Utah Jazz Cruz passed the shorthand that Brooklyn Nets one 25 to one O two Mitchell shot 8 for ten from the floor and had 6 three pointers and 6 assists in 22 minutes of play Well that's where without double digit scores James Harden Kevin Durant Lamarcus Aldridge and Joe Harris all with injuries Brooklyn rookie cam Thomas posted a career high 30 points Kyrie Irving the only net star to play scored 15 points on 20 shots The next Friday off they began a road trip tonight against the Los Angeles Lakers Will the man who led the Philadelphia Eagles to their first Super Bowl title four years ago is the new head coach of the Jacksonville Jaguars Jaguars owners shot Khan says he hopes former eagles head coach Doug Peterson can replicate that success in Jacksonville adding his exactly who the player is deserve The WNBA is completing its first capital raise the largest ever for a women's sports property The lead brought in big name investors such as Nike and former U.S. Secretary of State Condoleezza Rice as it looks to grow other investors include Dell Technologies CEO Michael Dell In local college basketball in the big east seeing hall over creighton 74 55 and the Ivy League wins four Yale Cornell Pennsylvania and Harvard In the Mac I own a now 19 and three after a 70 to 62 win over knishes Victories for Saint Peter's university and writer and overtime win for Niagara and Monmouth got by Fairfield The Major League Baseball Players Association is denying a request by the league for a mediator to help resolve the ongoing labor dispute The association said after talking with its executive board and taking into account a variety of factors they have declined the request With the Bloomberg sports update I'm Tom Rogers Broadcasting live from the Bloomberg interactive broker studio in New York Bloomberg 11 To Washington D.C. Bloomberg 99 one to Boston Bloomberg one.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Pandemic Vaccines and boosters masks and now very importantly a highly effective therapy is really going to make a major major difference Appearing on ABC's this week The White House chief medical adviser said when used with other preventative measures antiviral pills could be what keeps people out of the hospital with serious infection I'm always a man of hope and I believe the best about everybody Tributes are pouring in following the death of Nobel Peace Prize winner Desmond Tutu former president Obama called him a mentor a friend and a moral compass the retired archbishop died in Cape Town this morning at the age of 90 Major cities are toning down or eliminating New Year's Eve celebrations due to the global surge of the amaron variant New York mayor Bill de Blasio says the city's Times Square midnight ball drop event is being scaled back Athens Berlin London Paris Rome and several other cities are canceling large public New Year's Eve celebrations entirely That's the latest I'm dean kodiak You're listening to Bloomberg businessweek with Carol masser and Bloomberg quick takes Tim steine from Bloomberg radio We're bringing you some of our favorite conversations from the past year on this holiday weekend and we're please now to look back on an interview with one of the biggest names in the history of America's tech sector When he first incorporated his company that he founded back in 1984 it was known as Dell computer corporation At the time Michael Dell is just 19 years old I know it's unbelievable And his story is incredible Nearly four decades later he detailed his climb to the top of his industry in a book called play nice but when a CEO's journey from founder to leader In a wide ranging conversation this past fall the billionaire innovator spoke with us about the fight for tech talent the dawn of an era to be dominated by artificial intelligence and the time he tangled with Carl icahn when the activist investor tried to impede Dell from taking his own company private back in 2013 It was very hard You know I didn't really have much experience dealing with somebody who would just go on television and lie That's not something I had experienced very often in my business career But ultimately as I talked about in the book I did go to his house and confront him and really saw that he didn't have any plan whatsoever for the company And to him it was just a big poker game and it turned out to be way more difficult than I thought as was chronicled on Bloomberg television and radio very extensively I remember it It was a story that never ended Until it did And fortunately we were able to accelerate our transformation our shareholders got some of the benefits of our transformation if we were successful which we turned out we were without taking on any of the risk and I learned how to face down Carl icahn So there you go I'm wondering Michael if you missed the days of running a company that's private that doesn't have a report card available to you each and every day Monday through Friday from 9 30 to four every day where you watch the company's stock move because you do talk a little bit in the book about the way that big swings in the company's stock would make you feel and the way that you thought that analysts and investors were missing it Do you miss the days of not running a public company Well I've done both right And the key for us was really putting the company on a different trajectory And back in 2012 and 2013 the markets really didn't give us permission to go invest in those new areas Now I think we're in a different spot New capabilities new growth rate and new trajectory And we also reignited that entrepreneurial spirit which was the formation of the company and very much kept that alive even as we transitioned back to being public again Well you know it's interesting too and we've really leaned on I think even more so during the pandemic are our leaders right Of companies to help us get it through I think about Black Lives Matter And one of the things we wanted to ask you and it feels like from reading your book you don't play around too much or carefully around politics and I can understand that for CEOs But your home state of Texas I have a lot of family in Texas You seem to be you know you really love that state And you write a lot about it in your book How do you feel about things like the abortion law and the voting rights want Would you have spoken out about Yeah I have spoken out about voting rights and certainly we've communicated with our team members about some of the recent laws Look I would much rather see our policymakers focus on education and infrastructure and broadband and the things that will help the state continue to be successful And as we've communicated to our team members our belief is that they should have more access to healthcare not less Do you worry though about some of these issues that it'll hurt Dell's ability to track talent especially in Austin Or generally speaking Haven't seen that problem yet We'll see how it plays out And again our company will go where the talent is And let's see also how the courts rule on these things and I think there's still a lot that we don't know about how this plays out Hey Mike I want to stick on talent because we have spoken to executives in recent months who've said hey the labor crunch that we're seeing is really across the spectrum from hourly employees all the way up to executives If you had to raise wages to attract and retain talent well you're always adjusting compensation and benefits A pretty pleased with our attrition our data says we're in the lower quartile of attrition So haven't really had an enormous challenge there as I know many companies have And look our job is to create an inspiring and passionate environment where people can do their very best work And we attracted a.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"EMC It is a company that we know we've all talked about it the king of growing storage device market We know cloud computing is changing all of this A former we were talking to some of our colleagues a former AMC executive telling them that EMC was once the last or was the last great storage company they'll never be another one So what is the future of that market in your view And how do you think Dale specifically can benefit from that Well the interesting thing is if you peel back the onion on just about anything that's going on you were talking about crypto earlier Autonomous vehicles just pick your new thing that's happening behind all of that is an enormous amount of data And it turns out you need a lot of cloud infrastructure no matter where it is and you need a lot of data to make all these things happen And so as the number one company in the world that provides all of that we're seeing some really nice growth in those areas So I think the world's kind of figuring out yeah public cloud is a thing but it's not just the public cloud It's multi cloud It's also the edge and there's enormous growth going on as everything in the world becomes intelligent and connected and now with 5G the distributed computing world is even more distributed All that creates enormous opportunities for us Have to say that we want to talk a little bit about innovation We've got a few minutes left Mike Bloomberg stopped by my desk I was working I have a huge pile of books and he's like do you read all of these And I'm like I try I said but one book I'm reading right now is Michael Dell's new book And he's like I know Michael And he goes really smart guy really innovative guy And it was just kind of interesting and he talked about how you reinvented your company When it comes to innovation reinvention what are the technologies that you think we should be focusing on What gets you excited Is it crypto Is it AI Is it something is it the metaverse What do you think is interesting Because reading your book I mean you've been involved in the text based since you were a kid And I just wonder what really catches your attention now Yeah you know the power of AI to again use all this data to upend and reinvent every part of our world and society is incredible I think they're going to be incredible innovations in the intersection of the biological and computational sciences in all the areas you talked about it's hard to predict exactly how all these things are going to evolve but when you have these powerful ingredient technologies coming together and look you have an enormous amount of risk capital right now that's going after these problems and even harder hard tech problems I think the future is super bright for humankind That was Dell Technologies founder chairman and CEO Michael Dell we interviewed him back in October His new book out this year play nice but when a CEO's journey from founder to leader have to say at a hard time putting this one down You know we get a lot of books written by business leaders This one was different It was and I think what was fascinating was like it went back in time and then it went forward in time It was juxtaposition the creation of his company within taking it private It just went back and forth in a really cool way He also takes the gloves off in some parts He does I kind of love when people get to a point in their lives where I'm just going to tell you what that would happen He does name names That wraps up the first hour.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Onion on just about anything that's going on you were talking about crypto earlier Autonomous vehicles just pick your new thing that's happening Behind all of that is an enormous amount of data And it turns out you need a lot of cloud infrastructure no matter where it is and you need a lot of data to make all these things happen And so as the number one company in the world that provides all of that we're seeing some really nice growth in those areas So I think the world's kind of figuring out yeah public cloud is a thing but it's not just the public cloud It's multi cloud It's also the edge and there's enormous growth going on as everything in the world becomes intelligent and connected and now with 5G the distributed computing world is even more distributed All that creates enormous opportunities for us Have to say that we want to talk a little bit about innovation We've got a few minutes left Mike Bloomberg stopped by my desk I was working I have a huge pile of books and he's like do you read all of these And I'm like I try I said but one book I'm reading right now is Michael Dell's new book And he's like I know Michael And he goes really smart guy Really innovative guy And it was just kind of interesting And he talked about how you reinvented your company When it comes to innovation reinvention what are the technologies that you think we should be focusing on What gets you excited Is it crypto Is it AI Is it something is it the metaverse What do you think is interesting Because reading your book I mean you've been involved in the tech space since you were a kid And I just wonder what really catches your attention now Yeah you know the power of AI to again use all this data to upend and reinvent every part of our world and society is incredible I think there are going to be incredible innovations in the intersection of the biological and computational sciences in all the areas you talked about it's hard to predict exactly how all these things are going to evolve but when you have these powerful ingredient technologies coming together and look you have an enormous amount of risk capital right now that's going after these problems and even harder hard tech problems I think the future is super bright for humankind That was Dell Technologies founder chairman and CEO Michael Dell we interviewed him back in October his new book out this year play nice but when a CEO's journey from founder to leader have to say at a hard time putting this one down You know we get a lot of books written by business leaders This one was different It was and I think what was fascinating was like it went back in time and then it went forward in time It was juxtaposition the creation of his company within taking it private like it just went back and forth in a really cool way He also takes the gloves off in some parts He does I kind of love when people get to a point in their lives where they're like I'm just going to tell you how it happened Her name's names He does name names That wraps up the first hour of our Christmas weekend edition of Bloomberg business week from Bloomberg radio and Carol masser And I'm Tim steno coming up in our next hour more of our best from 2021 including Kathy wood on her early days as a fund manager and her road to stardom in the financial world Plus newly minted rock and roll Hall of Famer Gina schock taking us behind the scenes with the go goes and then outlanders At later stars Sam Hugh and on his latest pursuits both on and off the set whisky anyone Yes Also coming up you'll hear from the former chairman and CEO of Google Mister Eric Schmidt You heard of him Yeah I've heard of them And you think about when he was at Google right This was a company that was really going through growing pains Slowly on its way to becoming what it is today but you know he was often called we joke about it The adult in the room like there were a bunch of the guys who created the company right Brilliant but they needed somebody to kind of formulate the company and help it on its longer term journey You know we asked him that question too about other companies that perhaps need another adult in the room Stay tuned to hear what he had to say Ah really cool stuff This.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Some of our favorite conversations from the past year on this holiday weekend and we're please now to look back on an interview with one of the biggest names in the history of America's tech sector When he first incorporated his company that he founded back in 1984 it was known as Dell computer corporation At the time Michael Dell was just 19 years old I know it's unbelievable in his story is incredible Nearly four decades later he detailed his climb to the top of his industry in a book called play nice but when a CEO's journey from founder to leader In a wide ranging conversation this past fall the billionaire innovator spoke with us about the fight for tech talent the dawn of an era to be dominated by artificial intelligence and the time he tangled with Carl icahn when the activist investor tried to impede Dell from taking his own company private back in 2013 It was very hard You know I didn't really have much experience dealing with somebody who would just go on television and lie That's not something I had experienced very often in my business career But ultimately as I talked about in the book I did go to his house and confront him and really saw that he didn't have any plan whatsoever for the company And to him it was just a big poker game and it turned out to be way more difficult than I thought as was chronicled on Bloomberg television and radio very extensively I remember it It was a story that never ended Until it did And fortunately we were able to accelerate our transformation our shareholders got some of the benefits of our transformation if we were successful which would turn out we were without taking on any of the risk And I've learned how to face down Carl icahn So there you go Yeah I'm wondering Michael if you missed the days of running a company that's private that doesn't have a report card available to you each and every day Monday through Friday from 9 30 to four every day where you watch the company's stock move Because you do talk a little bit in the book about the way that big swings in the company's stock would make you feel and the way that you thought that analysts and investors were missing it Do you miss the days of not running a public company Well I've done both right And the key for us was really putting the company on a different trajectory And back in 2012 to 2013 the markets really didn't give us permission to go invest in those new areas Now I think we're in a different spot new capabilities new growth rate and new trajectory And we also reignited that entrepreneurial spirit which was the formation of the company and very much kept that alive even as we've transitioned back to being public again Well you know it's interesting too and we've really leaned on I think even more so during the pandemic are our leaders right Of companies to help us get it through I think about Black Lives Matter And one of the things we wanted to ask you And it feels like from reading your book you don't play around too much or carefully around politics And I can understand that for CEOs But your home state of Texas I have a lot of family in Texas You seem to be you know you really love that state And you write a lot about it in your book How do you feel about things like the abortion law and the voting rights one Would you have spoken out about Yeah I have spoken out about voting rights and certainly we've communicated with our team members about some of the recent laws Look I would much rather see our policymakers focus on education and infrastructure and broadband and the things that will help the state continue to be successful And as we've communicated to our team members our belief is that you know they should have more access to healthcare not less Do you worry though about some of these issues that it'll hurt Dell's ability to track talent especially in Austin Or generally speaking Haven't seen that problem yet We'll see how it plays out And again our company will go where the talent is And let's see also how the courts rule on these things and I think there's still a lot that we don't know about how this plays out Hey I want to stick on talent because we have spoken to executives in recent months who've said hey the labor crunch that we're seeing is really across the spectrum from hourly employees all the way up to executives If you had to raise wages to attract and retain talent well you're always adjusting compensation and benefits A pretty pleased with our attrition our data says we're in the lower quartile of attrition So I haven't really had an enormous challenge there as I know many companies have And look our job is to create an inspiring and passionate environment where people can do their very best work And we attracted a lot of young people into our company giving them those opportunities I think if we keep doing that we'll be just fine EMC It is a company that we know We've all talked about it The king of growing storage device market We know cloud computing is changing all of this A former we were talking to some of our colleagues a former AMC executive telling them that EMC was once the last or was the last great storage companies they'll never be another one So what is the future of that market in your view And how do you think Dell specifically can benefit from that Well the interesting thing is if you peel back the.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Businessweek with Carol matter and Bloomberg quick takes Tim stiff from Bloomberg radio So last week we featured a little bit of our conversation with Michael Dell It was when he talked about the near term outlook for Dell Technologies and really the broader technology sector There's so much going on certainly in the financial markets when it comes to tech stocks and really just broader in terms of some macro themes Well in part two of our conversation we're going to dive deeper into the billionaire innovators origins We also got his thoughts on the labor crunch taking place across the U.S. and also what he thinks is the next big technological breakthrough Here's a hint AI is going to play a big role That's a pretty big hint too Yeah this is just going to say Unfortunately this interview is featured in this week's double issue It's part of our Bloomberg business we talk series And we start off with a story from Dell's new book it's entitled play nice but when a CEO's journey from founder to leader and it's about facing down activist investor Carl icon when he bought a stake in the company in Dell and tried to block Michael Dell's move to take the company private It was very hard You know I didn't really have much experience dealing with somebody who would just go on television and lie You know that's not something I had experienced very often in my business career But ultimately as I talked about in the book I did go to his house and confront him and really saw that he didn't have any plan Whatsoever for the company And to him it was just a big poker game and it turned out to be way more difficult than I thought as was chronicled on Bloomberg television and radio very extensively I remember it It was a story that never ended Until it did And fortunately we were able to accelerate our transformation our shareholders got some of the benefits of our transformation if we were successful which would turn out we were without taking on any of the risk And you know I learned how to face down Carl icahn So there you go I'm wondering Michael if you missed the days of running a company that's private that doesn't have a report card available to you Each and every day Monday through Friday from 9 30 to four every day where you watch the company's stock move because you do talk a little bit in the book about the way that big swings in the company's stock would make you feel and the way that you thought that analysts and investors were missing it Do you miss the days of not running a public company Well I've done both right And the key for us was really putting the company on a different trajectory And back in 2012 and 2013 the markets really didn't give us permission to go invest in those new areas Now I think we're in a different spot new capabilities new growth rate and new trajectory And we also reignited that entrepreneurial spirit which was the formation of the company and very much kept that alive Even as we transitioned back to being public again Well you know it's interesting too and we've really leaned on I think even more so during the pandemic are our leaders right Of companies to help us get it through I think about Black Lives Matter And one of the things we wanted to ask you and it feels like from reading your book you don't play around too much or carefully around politics And I can understand that for CEOs But your home state of Texas you know I have a lot of family in Texas You seem to be you know you really love that state And you write a lot about it in your book How do you feel about things like the abortion law and the voting rights one Would you have spoken out about Yeah I have spoken out about voting rights and certainly we've communicated with our team members about some of the recent laws Look I would much rather see our policymakers focus on education and infrastructure and broadband and the things that will help the state continue to be successful And as we've communicated to our team members our belief is that you know they should have more access to healthcare not less Do you worry though about some of these issues that it'll hurt Dell's ability to track talent especially in Austin Or generally speaking Haven't seen that problem yet We'll see how it plays out And again our company will go where the talent is and let's see also how the courts rule on these things and I think there's still a lot that we don't know about how this plays out You're like I want to stick on talent because we have spoken to executives in recent months who've said hey the labor crunch that we're seeing is really across the spectrum from hourly employees all the way up to executives If you had to raise wages to attract and retain talent well you're always adjusting compensation and benefits A pretty pleased with our attrition our data says we're in the lower quartile of attrition So haven't really had an enormous challenge there as I know many companies have And look you know our job is to create an inspiring and passionate environment where people can do their very best work And we attract a lot of young people into our company give them those opportunities I think if we keep doing that we'll be just fine It is a company that we know we've all talked about it you know the king of growing storage device market We know cloud computing is changing all of this A former we were talking to some of our colleagues a former AMC executive telling them that EMC was once the last or was the last great storage company they'll never be another one So what is the future of that market in your view And how do you think Dale specifically can benefit from that Well the interesting thing is if you peel back the onion on just about anything that's going on you were talking about crypto earlier Finance autonomous vehicles you know just pick your new thing that's happening behind all of that is an enormous amount of data And it turns out you need a lot of cloud infrastructure no matter where it is And you need a lot of data to make all these things happen And so as the number one company in the world that provides all of that we're seeing some really nice growth in those areas So I think the world's kind of figuring out yeah public cloud is a thing but it's not just the public cloud It's multi cloud It's also the edge and there's enormous growth going on as everything in the world becomes intelligent and connected and now with 5G the distributed computing world is even more distributed All that creates enormous opportunities for us Have to say that you know we want to talk a little bit about innovation We've got a few minutes left Mike Bloomberg stopped by my desk I was working I have a huge pile of books and he's like do you read all of these And I'm like I try I said but one book I'm reading right now is Michael Dell's new book And he's like I know Michael And he goes really smart guy really innovative guy And it was just kind of interesting And he talked about you know how you reinvented your company When it comes to innovation reinvention what are the technologies that you think we should be focusing on What gets you excited Is it crypto Is it AI Is it something is it the metaverse What do you think is interesting Because reading your book I mean you've been involved in the tech space that you were a kid And I just wonder what really catches your attention now Yeah you know the power of AI to again use all this data to upend and reinvent every part of our world and society is incredible I think they're going to be incredible innovations in the intersection of the biological and computational sciences in all the areas you talked about it's hard to predict exactly how all these things are going to evolve but when you have these powerful ingredient technologies coming together and look you have an enormous amount of risk capital right now that's going after these problems and even harder hard tech problems I think the future is super bright for humankind That's still technologies founder chairman and CEO Michael Dell of the next big tech breakthrough Check out his new book play nice but win a CEO's journey from founder to say Tim it's a fun read It's a really fun read We get a lot of books.
Bloomberg Radio New York
"michael dell" Discussed on Bloomberg Radio New York
"Your company Now one of the things that came up recently at an investor day is what you expect in terms of further M and a for the company and also some rumors of maybe taking it private again Is that a possibility Don't have any plans to do that Okay We need to talk about our capital allocation Now that a couple of days ago we got a double notch upgrade by S&P to investment grade We're doing a large share buyback issued dividend starting in the first quarter And we paid down enormous amount of debt and feel really great about how the company's position going forward And look what we said is that don't hold your breath for massive M and a like the kind that we did when we did the largest acquisition merger ever ever in tech It'll be on a lot smaller scale Well what are the areas of interest that pique your interest What are the areas of tech right now where you think there is an opportunity to expand to So we have an enormous business in a huge Tam in cloud infrastructure and all things end user computing and software defined data centers and really enabling our customers to accelerate their digital transformation Multi cloud security edge 5G these are all new multi-billion dollar businesses that we're building And we'll do that organically We'll do it with partnerships and we'll do it with selected acquisitions to help us accelerate Hey Michael I want to get back to the book and talk a little bit about it as Carol mentioned It is a great read The title really struck me Play nice but when The idea of playing nice is something I think a lot of parents tell their kids But your parents said play nice But wind How'd that stick to you Yeah it's one of my first memories as a child And this is what my parents told told me and my two brothers when we would go out in the street and play ball and yeah it's been a relatively straightforward and kind of unifying principle that we've talked about Adele a lot and look I think dealing for rightly with integrity and honesty and building a reputation over time matters and pays dividends over time And look winning is a part of this It's who we are and you've got to balance the two and do it successfully I think I've been able to do that for the most part The book talks about all of that and many occasions when it didn't exactly go the way I planned but we learned from it along the way And you know that's what life is all about So was it always easy to play nice when you were dealing with the likes of someone like Carl icahn I mean it's really kind of fun the passages in the book to be quite honest and dinner at his house and it was really interesting to hear the exchange where you were like you know what are you going to do with the company What's your strategy But was it hard to deal with someone like that Or what was that experience like It was very hard you know I didn't really have much experience dealing with somebody who would just go on television and lie You know that's not something I had experienced very often in my business career But ultimately as I talked about in the book I did go to his house and confront him and really saw that he didn't have any plan whatsoever for the company That's Dell Technologies founder chairman and CEO Michael Dell on the tech sector and of course his new book Check it out It's just out Play nice but when a CEO's.
Lovett or Leave It
"michael dell" Discussed on Lovett or Leave It
"Here i want to say click. He's he's he's. I don't know if you've noticed this loyal. He's attempting to do all. He corrected me. Willing to admit that i'm wrong. He's he's trying to do a mike eighty-eight so what's his name. Texas guy presidential candidate mondale mondale all schooling close. We talk at the minnesota reference. She got deal in there. Let me tell you something. I won't rest. Until i get to crawl into walter by deals grave and sleep next to him give him my thoughts about what not only at eighty four but after that so i've obviously lost control here a couple of points. I think you're right. I think some of the humor directed at lyle. Lovett is worth a reexamination. I think we've begun to do that about some of the harsh rhetoric of the nineteen ninety. Think that's an important step. We should take not love it. And that's fine. Great deal of admiration for love it senator sanders. Thank you very important. Points about the bill. Mike lindell you're on your own before i let you both go. Are you on a pair of exploration where. I'm opening up myself to the spirits. Integrate shamans not only the one that wanted marched on washington who i now believe in as a religious figure but also i'm opening up an exploring great empathy for great right wing movements of the path. Oh dear whether paul taking the beautiful poetry of jesus christ and turning it into at turning it into a misogynist cultivate or whether each other tremendous right wing figures have robbed robbed the home loose natori poetry of the human species. I'm there and i'm learning new and new untold levels of right wing hateful empathy. Mike before i let you go and i can't believe i'm asking this. Is there anything you'd like to plug. Look i wanna say what senator sanders was reaching for. And he didn't get it was lloyd. Bentsen yeah branson. God dammit lloyd. Bentson embarrassed to my caught at mike lindell but let me. Here's what i've got to plug in. This is going to throw you for a loop. It's by pillow fellow. It's all right and for like a pillow should be. You can flip it. You can cut it up into little. Look i take cookie. Cutter sitter the shape of little sheep and cut out little sheep. Ninety nine sheep out of one my pillow and roll rounded. And i started going to think. We're gonna have to cut his mike. Don't you look you. You wanna cut by mike. I'll cut my mike meaning. I'll cut myself michael dell. I'm not afraid to hurt myself. And let the organs and blood and bio spill out special edition my pillow that will be sold like beanie babies michael dell always a pleasure senator sanders and look. I'm sorry about julia. Roberts but i can get back to senator bernie sanders for my time a yield a balance of.
The Small Business Radio Show
Refounder: The Essential Longevity Plan for Every Small Business
"What we've all heard the term founder and many of us our founders of small businesses. But what is a re founder and can you be one of them. Help us with that. Is patrick colletti. Who's a leadership at organizational cultural expert champion for founders and author of the upcoming leadership leadership. Book rebounder patrick. Welcome to the show. Thank you invite me here so been surviving during this pandemic. We've been making lots shifts Founder should you know finding the opportunities and being candid and honest about what needs to change. And as emily it's been It's been terrific so we all know. When a founder isn't a lot of us are founders. What's a refunder. Well refound herships the same john as founders though is expressed in different ways so let founders visa visionaries they take a different approach But they're the turnaround artists. These men and women who reimagine existing but broken structures and aimed to improve them. So i like to think of them. In a way as very practical magicians taking the raw materials of the company a culture or even life and transforming them into something more meaningful so put more simply be founders used their magic to create something better from something broken and founders typically start and founders two to draw a parallel but a difference they really start with nothing a create something so refunders. Really take something that's broken and make it better so our refound. There's always someone from the outside or kenny founder. become a refunder or they can't because as they say you can't read the label when you're inside the jar. I absolutely believe that people can change. So i would say while it is not that typical that founders then become a founder. I say they are where when given the right stimulus whether it's a crisis Something with their business with their family. Something dramatic happens in other book point to the fact that he to change that they change in history shown that that absolutely can happen so give us give us some examples of history where outside persons coming been rebounder and actually found gold in something that perhaps the founder had given up on shirt yet. This is it's actually quite common. You know there's a. There's a life cycle for those enterprises. That are fortunate enough to grow passed. A few million dollars inevitably after a few years. Some form of entropy occurs and so whether it's the founder that gets them stimulus that recognizes something needs to change more likely somebody within the business typically visit trigger now as you know with small businesses Most of them don't crush that two three four five our they do the need for change. Change die becomes pretty critical and so virtually any business today. That is over. Ten million dollars in revenue has had to make some pivots that all would point to having founder in the business. Now that may be a middle manager. That's pointed out that the product line needs to change that could be a co founder Or it may be found as well. Yeah it's interesting because you see very few businesses. They're able to go from nothing to billions of dollars. I mean the michael dell's of the world. The bill gates the world's although bill gates had partners to typically the skills that you need to actually get something started are not the same skills to grow it past at least in my case past ten million dollars it also indicates that there are not a lot of one companies right and so while you know what what gets you to. The party isn't the thing that will necessarily keep you there. It speaks to the fact that you know you may be one trick Business and you may have one. Particular product speaks to an audience. But that doesn't necessarily create a real thriving. Enterprise that's just a product you know. It's it's interesting to me because what you're saying is the refounded necessarily a partner or owner in the business. It's just some kind of person that works with you. That's a catalyst absolutely so founder doesn't need to be an owner in the business. In fact when. I speak to college students or young professionals one of my encouragements to them is every employer wants this. Every employer may not provide a fertile ground for but once they once you share on these your founder characteristics. They want you there. You're gonna be the future of the business and there's go ahead. Yeah there's really four steps in so one could argue. There's four kinds of founders instead of behavioral models that are that are linked to this. But i think the easiest way to think about it is every founder follows four typical patterns in the first one is a refunder. Isn't afraid to take silver. Look at hard reality and when you think about those folks that are on the front lines and maybe do in hand to hand combat in sales part of that has to do with ignoring problems sometimes and ignoring the knows that you get to keep going another day and so that may not fit well with somebody who is focused and taking a sober look at a hard reality. And that's not. Take a shot at salespeople at all Salespeople are very important. i'm a salesperson. We all need to sell. We're going to be successful but that particular behavior taking a sober look at hard realities. Takes a very special kind of person in personality. The second step is identifying. What's broken and you think about that. In terms of your strength finders. The level of conscientiousness that takes imprecision to find what's actually broken. And then to to take a phrase from the book which is taken from william faulkner to kill your darlings because candidly most of us to have too many options and it's difficult to close doors and so if you can be wise enough to kill your darlings and selectively focus then you go to the third step of of being founder. And that's where you imagine a davis in bold new possibilities and even if those possibilities seem remote it just for a moment juxtaposed that with step one which is not being afraid to take a sober. Look hard realities those people in particular. Think about your conscious. Cfo or an accountant that may fit into that category than imagining audacious bold new possibilities. And so that's the third step and then the fourth is refunders spring to action and the key here is execution and so we all of her execution is key. But there's there's an important asterik here. And that is that they have to execute by creating better realities for people those in their communities in the world large because just executing to get it done that may work for a short period of time. But unless there's a just cause a real purpose that re founding effort walton fail in. I don't really want to sell short. How difficult this is really for. A founder because founders are used to doing it themselves right so have you found that founders may not want to refound your because they say i can do it. I can turn around or they don't wanna work with someone because they don't want to miss something's wrong absolutely image part of the human condition and so therefore it's just a reflection of the organizations institutions that we run whether they're not for profits for profits. So yes i mean i think this is part of the the human condition and and really i think the bigger question is how large of an impact do you wanna have. Do you want to have a comfortable life with a very small business. That teeters on the edge or do you want to run. The kind of enterprise that has global impact or create flourishing for hundreds of thousands of people. We're talking with patrick colletti. He's the author. A book called founder. I think it's difficult for a lot of founders. Patrick because there's so much ego tied up in their business that change is difficult. I'm running my next book. Is called change masters and how hard it is for people to actually change. Unless they're in incredible pain and they have no choice. I'd found that sometimes the best opportunities arise during a moment of crisis and it might be a giant burden on your heart broken relationship or just a corporate hot mess. But it's in those moments that i think you can trigger a great refounding
The $100 MBA Show
Do You Need A Degree To Be a Successful Entrepreneur?
"I could begin today's episode by naming all the famous entrepreneurs. We all know that don't have a college degree. Whether. It's Mark Zuckerberg or Walt Disney or Michael. Dell or Steve Jobs or Steve Wozniak or Bill Gates or Ray KROC or I can keep going right. But. That doesn't prove that have a college. Degree is a waste of money, or the conjugate doesn't help you become an entrepreneur. I let's recognize the fact that everybody on that list I just named and more ones I didn't list are exceptional entrepreneurs, exceptional people whether they're very bright and talented, whether they have a lot of tenacity like Ray Kroc, or just are willing to work harder than everybody else I'm not interested in edge, cases or extraordinary people that are extraordinarily things. I am interested in addressing this question with the fact that what about everybody else everybody who may not be a genius or The special gifts of some of the people we've talked about. Can they make it as an entrepreneur without a college degree? Well, let's talk about what caused. Agree gives you so that we can boil it down to. Do you need those things to be successful there more college degree? We'll give you an education. They will teach you somethings who go to class and you'll learn now whether that. is of date or not is a different matter, but you will learn. You will gain those skills number two. It's going to put you in an environment where you're going to meet. Other people go to college whether it's online or offline, you are going to be networking with other people other likeminded people other people. WanNa be successful just like you, and often you know in the same field whether it's computer, science, or business, or whatever it is so one you're gonNA give formation number two. You're going to get exposed to people, and you'll be able to build a network and the third thing that call will give you is a piece of paper. They'll give you a certificate. They'll give you a diploma. Something that tells other people employers particularly that hate. This person knows stuff or knows this area of expertise whatever your degrees in, so it's almost like a permission, slip or sort of like a coupon like hey, this paper proves of this person. Know something in this area with a stern on a different matter, but that's how society views a degree, so those are the three things college will give you now. Can you achieve these three things outside of college with Al GonNa College Information Skills. Skills Yup, you can learn the outside college whether that is indifferent programs online learning courses online books, universities will have a monopoly on the information, right? You can get this information elsewhere network while there's a little bit different because you know you're not in a space like an actual campus, but hey, you still can go to conferences. You still can meet people online. You could be a a person that really values relationships in kind of. Of Fall some advice. We talked about in this in this podcast. How To make sure you build your network constantly? So this is doable. Assad College, and the third thing is the piece of paper now a totally different think society has agreed that this piece of paper will allow you to get you know opportunities whether it's jobs or an interview or whatever it is. This is the difference the piece of paper. So do you need a? A piece of paper. That's the question here, so college is beneficial. If you do need a piece of paper that permission slip, but if you plan to be an entrepreneur, if your soul is GonNa, be a business bill I want to be an entrepreneur. All my life I don't want to really pursue a career that requires me to have a degree. If that's you tried and true, then really GonNa College may not make the most financial. Financial Sense not going to say it's going to hurt you, but it's a lot of time often in your prime years and a lot of money being spent on something, you may not really need because you can achieve the things you want to achieve as an entrepreneur without it now if you are not sure if you like fifty fifty. Hey, I think I to be an entrepreneur, but maybe I want to work for a little while. While maybe I want to start a business and then after that I wanna go ahead and you know work somewhere at a corporation, a degree will help you get that job. This justice, the reality of the situation there are exceptions to the rules of course in different careers one of them is programming development engineering technology. Many engineers don't have college degrees, but they're so highly skilled, and so saw after that they can get a job. Job Easily and our certification programs outside of the university structure that you can take in that field that can qualify you to get jobs. A lot of people say hey, getting your degree is sort of like a backup plan. You can always get a job if things don't work out, but that really doesn't help you answer that question of. Do you need a college degree to Be Successful Entrepreneur? I don't think you need it I. I do believe you'll. The half caused. Degrees can be successful I. do believe that people that don't can be successful as well as a matter of how you WanNa spend your resources. Your time and your money I can't tell you for certain that thing that I learned in university. I don't use at all in my day to day life as an entrepreneur. I'm sure there are some things that I've picked up that I've used. But if I'm going to be completely honest. I don't think there's enough of that. I would say would require me to have gone to college to be. Successful, so you also have to define what success means. What does success mean to you as an entrepreneur? Is Success being able to pursue a hobby that you love and make a profit is success being able to replace current income in your current job with your business success, a a million dollar business is that a ten million dollar business? Is it a billion dollar business which a lot of? Of People think that's the only meaning of success. No, you need to define what success is for you as an entrepreneur and for most people I think it should be able to make a healthy living that allows you to be financially free doing something that you really feel passionate about that. You
The Small Business Radio Show
Becoming a Small Business Owner by Accident
"You know I never wanted to be a small business owner when I first started out in the early early eighties. I want to be President of IBM but for me. I then got tired of my boss. There who promoted incompetent people over myself so I struck on my own. My next guest is also an accent. Entrepreneur Markets Babcock. Start out as a personal trainer at a big box gym when he was twenty which eventually led to strike on his own. Her Name Mobile Mobile Studio and eventually formed a partnership with fellow personal trainer but at time he was twenty four. Marcus welcome to the show. Great to be here today. It's good I fine for most small business owners. If we knew actually what we're in for we probably never would have struck out on our own because it's just way too crazy absolutely it's kind of the debris mindset in the beginning like. I could be my own boss and comes second. So so why is that? Isn't that because we read all the things about these great incredible success stories? And we think we'RE GOING TO BE THE NEXT. Michael Dell Bill Gates. Yeah exactly I think in some peoples cases like myself. It's it's forced onto them so I actually ended up getting laid off at the big box gym and Had become a small business owner but then just the dream of. Hey now my future is really in my control. And I'm very confident myself and I'm GonNa make the same big of course that's the dream like. Okay now I work for myself. I can work anytime I want to with anybody that I want to. It's going to be fantastic. I control over my own life but it doesn't quite turn out that way does it. Yeah no not not quite You find yourself working more hours Less less pay more expenses. And you're not like really doing the fun stuff anymore. You're not doing the stuff that you were doing beforehand. Which my case was actually doing the training with with the people who is more about the marketing bringing New People on organizing all of that. And I think that's the most difficult part of having your own business because most of us get started to solve a problem. Help a customer but we don't realize there's all this other stuff right around running a business as you said marketing keeping track of. Who's paid who hasn't paid setting appointments all the things that kind of get in the way of actually doing the work yeah. It was very humbling. I was like Oh yeah I can. I can definitely track money on my own I can. I can organize my calendar on my own. I can keep track of all my clients Piece of paper or my head and then it actually start scaling and I'm going. Whoa spending twelve hours a day trying to manage the business. And then you know it felt like another twelve hours doing the actual training and that's a that's a real big issue. You said when you scale tell us about your journey and how it all worked out so when I was in the big box gym I had like a or nine clients which was a good load for me I was also doing a full time college at the time too and then a little thing called college right. Exactly just mixed in there Anyone I struck out on my own I actually took a year off college and decided to Kinda grow. That business I I was like I'M GONNA go out mobile. I'm going to eventually grow to the point where I'm going to hire on people that was my idea scaling and what I never realized is hiring. Somebody on is pretty expensive and be. It's not as clean of a scale as some people may think it's not like you just grow until you hire somebody. Then they grow and they and you hire somebody else it's It's more about juggling everything. And so won't how'd you try to start to juggle things? What was your first attempt at doing that? Yeah so the Good Ole Excel spreadsheet I started getting people's names in all of a sudden. I'm like hey I can't remember who this person is or win this Appointment was And I should remind them so. I opened up Microsoft and started making an excel spreadsheet of. Everybody's names. How much they paid me Win Their next appointments were do. How many Sessions they had left and when I should remind them. This is interesting Marcus because that is really where everyone starch. Obviously people you start on paper right but now more of the same modern or computer savvy. People they opened up next cell spreadsheet and excels good for a lot of things but fairly soon it does have its limitations. Doesn't it yeah? I mean I got really good at excel macro 's and conditioning conditional formatting and stuff but it it has limitations. It can't be organized as effectively. There's not really a whole lot of automation unless you really start getting in there and start coding off visual basic Visual basic my my. There's another thing I want to do. I run my business. Let's learn visual basic. Yeah Yeah just add on another thing while I'm going to college and learning and actually running a business Yeah and then you spend time developing some sort of high like hybrid app out of an Excel spreadsheet. Yeah it's interesting. You say. The HYBRID APP. I find out that people. Then go from the Excel spreadsheet. They go towards an APP for this APP for that right. So the gopher an act for collecting their money then they'll go for an APP for Scheduling. And they'll go for an APP for something else and that's okay for a while but pretty soon you have all these different APPS and none of them talk to each other and it becomes. Its own kind of mass. Doesn't it yeah exactly? It's almost hoarding or collecting the best of the best. I'm an APP quarter. Yeah exactly you go hey this scheduling tools awesome when you get this and then go. This payment tool is going to do everything for me. I'm going to get this and that. Oh my gosh. That's marketing tools. Amazing I'm going to get this and then pretty soon you're spending more time. It's not as much time moving information from your scheduling tools to manually put it into a crm system or your payment tool or a marketing tool. And you're kind of back to square one but you're paying more money because think about what you really want to do. I mean your case when you're providing a service to various people is you want to see a customer holistically right. You want to know how often they come see you. How how much they paid you. Next time they're coming. You WANNA be able to market to them based on all that information and you can't keep porting information from one thing the other in fact sometimes it's hard to get data in and out. Yeah exactly sometimes. It doesn't think over right away. I mean in my case with the personal training. I wanted to have basically the folder that I would keep on paper of virtual right so I could open up. Somebody's cards see. What my notes. Where last time. I talked to them what they paid if they actually. Oh Me 'cause I don't WANNA give them free sections on accident and then I want a very personalized email. I can send out to them without spending the time to actually write one out for every single person. So what all in one solution mark did you turn to to actually solve this problem? That is so common for small business owners. I mean back in the day because this was quite a few years ago now I turn to mind body and that was heavy. I think I was looking for something. A little bit is used by a lot of like Yoga. Gyms and I know that our karate school but it's it's really a big application it is. Yeah very big application and. I think it's great for bigger. Gyms wasn't for me so I try that out moved onto something else And then eventually ended up partnering with a bunch of trainers and Yeah started just kind of using best of breed apps like we said collecting a minority in them and kind of going back. If I can tell myself advice now it'd be looking more something like the APP so we have now like defeat us so tell us about Vida and what it does for for small businesses. So that's going to be really that into and business management part where a lead can comment through the funnel and scheduling or the contacts tool. That's on like website on your social media on landing page and they're gonNA fill out information that you're going to capture and so the crm automatically so the system automatically tell you have a new appointment remind you and the client and then their information gets put into that CRM system that contact management tool. There you keep any sort of private notes on You can share and receive documents through there. You can charge. You can take payments and manages the whole life cycle of the Klein on that end and then it kicks their information out to the marketing tool. Well so you can trigger out automated messages out to these people and The manual announcements. And it's pretty personalized without really doing much work. It's interesting because I think a lot of people. A lot of small business owners see finding the customer right providing the service of the customer and then trying to stay in touch with that customer service again they see as really separate functions in their organization but the successful small business owners they will attract it as you said always from identification that prospect through customer to repeat customer that's so critical because we all know markets. It's so much easier to get another sale from a current customer and then find a new one. Yeah and it's a lot less expensive to market towards an existing customer than a new one right if you're leading. All of those current clients fall through the cracks. You're literally throwing away money
Tim Conway Jr.
Doctor in Garden Grove, CA provides a 10-minute coronavirus test
"A doctor in garden Grove has been offering a ten minute rapid tests to detect the virus the test popular in South Korea looks for anybody's built up in the body to fight off the virus make a little **** on the finger at the tip of anything and we put a drop of blood in the cartridge Dr Michael dell says he's offered the results free for people who still have to work police officer holster worker Amazon delivery gas stations or supermarkets now says he's already out of task but thousands more expected any day the FDA says it's allowing the test provided patients are told it's not FDA approved and that a negative result does not necessarily mean a person is covert
How I Built This
Dell Computers: Michael Dell
"Long before for anyone heard of the tech underpins like Mark Zuckerberg. Evan Spiegel ORC. Trina Lake back before it was fashionable to drop out of college to pursue your startup even before people used the term startup back in the ancient days of the one thousand nine hundred eighty s the dorm room miracle story. You've heard of was Michael Dell's now today. The company is enormous beyond enormous worth billions of dollars Dell has sold more than six hundred fifty million computers since Michael founded in one thousand nine hundred eighty four. And what's amazing about. This isn't the money it's not even the idea. What's amazing easing about all this? Well Michael Dell. Because he's not a backslapping sales guy. He doesn't come across as particularly charismatic. He's actually on the quiet side. Maybe even a little shy Michael grew up in Houston in the nineteen seventies was just as digital technology was taking off in that city with companies like Texas instruments and then later Compaq. His Dad was a doctor. His mom was financial consultant and the expectation was that Michael. Michael would become a doctor like his dad. But even from a young age Michael Dell felt pulled in a different direction he was into numbers. I mean I remember when I was small child. My Dad had this adding machine victor adding machines before the electronic calculator and I was was just fascinated that you could add up numbers with this machine and really big numbers and and it would make this like mesmerizing sound every time it did it and I just kind of love that and then I remember when I was about Seven or eight years old. I bought a calculator. I it was the first semiconductor based calculators and I was fascinated that this small machine could do complicated math problems so yeah I got I got very interested in this stuff it also turned out that about equidistant between my junior high school and our and our house there was a radio shack store and so when I was riding my bike home I could stop by the radio shack next door and see the you know early forms of the of the personal computer and hang out there until the kick me out of the store and were you you know like kind of entrepreneurial as a kid yeah I kind of liked business And I had all kinds of businesses is selling baseball cards Had A stamp auction. I got a job at a gold coin and jewelry store and I was to negotiate with people that were selling things and by those things the lowest possible price because the owner gave me Nia percentage of the cut and whether you also worked for the local paper for for some time. Yeah so I got this job. Working for the Houston is in Post newspaper. It doesn't exist anymore now. They think they combined with the Houston Chronicle. And my job along with hundreds of other mostly mostly you know. Teenagers was to call random people on the phone and try to sell them a subscription to the Houston Post newspaper and I observed three things the first thing I observed. Is that if you sounded like the people you were talking to. They were much more more likely to buy the newspaper from you like you. You put on a text like a heavy Texas accent. Yeah I'm not GonNa do it for you here but I think you can. You can use your imagination nation. Okay so second thing I heard was that people that were getting married. Were much more likely to buy the newspaper and then the third thing I observed is that people that were moving into a new house or residents were also far more likely to buy the newspaper. Well how did you Who was getting married and was moving in? Well you talk to them. You strike up a conversation you just call people and say and ask them about themselves. I guess this is like at that a time or perfectly happy to tell strangers personal details right. Yeah so I. I observed this and what I figured out is that in Texas. This is when you as many states when you want to get a marriage license you have to go to the county courthouse. It turns out this public information right and among the information that you give to the county court is the address you want the licensed sent to so so with this information. I devised a direct mail program where I sent letters to all of the people that had applied for marriage licenses in Sixteen County area surrounding Harris County. Which is where Houston Texas is is and I hired a bunch of my high school pals to go out to all these county courthouses and type the names in two small apple two computers and I sent a massive direct mail campaign to all those people that were applying to get marriage licenses and there were also at that time in Houston? There was a building boom. There were these very large apartment and condominium complexes that were going up and so I would go to these buildings under construction and sort of figure out who was in charge and say A. Hey I'm from the Houston Post newspaper and you know we've got this great offer where your new residence get the paper free for two weeks and all of these do is fill out the form. You're a high school student when you're doing this. Yes how much money did you walk away with. But I think it was about seventeen years old. I made a little over eighteen thousand dollars that year. This is like freakishly precocious of a of a high school senior. Like that's it's just weird that you would even no to think of doing those things I mean. Don't don't you think I didn't really think about it like that. I just it just seemed like a good idea so I was pursuing. You was working. I pull you things that didn't work but but that worked so I I kept doing eighteen thousand dollars. What did you do with that money? I mean that that must have been more money than you've ever seen in your life. I bought a BMW. So I wanted I wanted to. BMW Am. W what did the other students think of you. What did you have this reputation as like a business whiz kid in high school or or like? What did they anything about you? You know. I don't really know and I and I didn't really care So I I was sort of keeping myself and I had a few friends is but I I wasn't the most social of kids but you must have been somewhat social because you were going out and selling stuff to strangers rangers. Sure social enough to make the sale. Yeah so you are on the one hand doing this entrepreneurial stuff and then I guess you were also just really into computers. Yeah the original computer that I you know got my hands on at home was the same one everybody else had. which was the apple to apple to? Yeah Yeah and one of the beautiful things about the apple two was that all of the circuits were discrete circuits that you could understand so you could go in and start to play with those and modify them and reprogram the BIOS and upgrade the system and take it apart put it back together so something happened here around Nineteen Eighty one IBM introduced the IBM PC. And that was sort of a very important moment. Because if you dial back the clock to the late seventies early eighties in this company. IBM had a leadership of the part of the economy referred for to US Information Technology. Unlike any other company at any other time in history they were by far the dominant company so in Ibm mm-hmm introduced the IBM PC. This to me seemed to be a very important moment so I try to understand everything was going on about that and so when you took apart this. IBM PC that was selling for about three thousand dollars. As far as I could tell it was about six hundred dollars. It's worth parts. Wait you bought one and you took it apart just to check the insides out sure. Yeah Yeah what else would you do. So you gotta you gotTa take it apart. How how can you understand it if you don't take it apart philly? Most people buy computers to like you know at that time. He has to do basic you know accounting owning and word processing. You bought it to take part. Well I wanted to understand did and you know to understand it. You have to take it
Golic & Wingo
NCAA's agent certification process draws concern, criticism
"The NC double a trying to clarify something my about what went on with their new rule where you have to have bachelor's degree to become an NBA yeah and the NCAA released a statement after drawing criticism and they'll continue to draw they said although some can and have been successful without a college degree as a higher education organization the NCAA values a college education and continues to emphasize the importance of earning a degree we are guided by recommendations from the commission on basketball which spoke with the agent and advisor community that the NCAA certification process should be more stringent than the current process cool story bro agent an adviser committee that sounds like a bunch of haters that sounds like Hey listen let's make it harder for rich Paul because that appears to be the only correct and the thing I don't understand is them saying in this one that you're going to let's get to that line and this doesn't make sense which benchmarks are new rules against the requirements for other organizations that certify agents like the NBA which also requires agents to have a bachelor's degree rich Paul is an MBA agent we're talking about this rule so much because it clearly is trying to exclude one ridge Paul and so I don't understand I'm on the N. B. A. P. A.'s website right now and it's kind of inconsistent to be honest new NBA NBPA agent application check was sent a copy of the highest diploma received or transcripts in PDF format and then in the frequently asked questions section hints more at the idea that if you don't have your diploma yet you need to provide the dates by which you might have been so that part is right click but might is the key word there my in my eye and I would like some answers from somebody who would know or maybe we can reach out Dominic fox four through how this was the CEO of the N. B. PA right for a for a little while there somebody who might know this because again all of it even if the rule is written in clearly fires in the place of what is in practice because rich Paul is an agent yeah he represents the vast majority of players in the NBA and solve all the sudden you're trying to tell me that he's not not and be be a certified I would ask what is that certification really mean read that line again about the highest yeah just as the lights were just as high as degrees haulage no it it does but I'm telling you there's something in the frequently asked questions on this website that hints at the idea of a bachelor's degree okay yeah so I'm saying I don't know when I can't say for sure yet so I'm not going to and I like that clearly but regardless like we see it in practice presents half the major power players in the league yeah and and here's here's more justifica are but just rational for why a bachelor's degrees not a benchmark for any level of success we just brought a few billionaires who dropped out of college for you Bill Gates Larry Ellison mark Zuckerberg Ralph Lauren Steve Jobs Michael dell dell computers so somehow despite that vaunted bachelor degree they manage to ridiculous rule it every capsule loosely in saying and we'll try and get a clarification on what that actually isn't isn't according to the website that junior
Coast to Coast AM
Injuries reported after jetway collapses at Baltimore airport
"Government a jetway collapse Saturday evening at Baltimore Washington. International airport. Details from correspondent Bill Michaels. Dell's BWI airport officials say at least six people were injured and have been transported to the hospital with non-life threatening injuries. The calls of the jetway failure remains under investigation. The jetway is an enclosed walkway that connects the
FT News
Dell shareholders back return to the public market
"We're taking a look at sales returned to the public markets in two thousand thirteen the computer company quit the NASDAQ in a controversial twenty four billion dollar buyout. But now five years later and after a fierce fight among some key shareholders. Michael Dell's technology company is set to listen to the new York Stock Exchange are US editor of the lex column. Sajida in that talks to Amy keen about what's bringing the company back to the public market. And why some shareholders resisted the deal? So G starts with what prompted Michael Dell to take his company private just a few years ago. So dull, obviously, it was the famous stop. He c- maker Michael Dell started the company in the eighties. When he was a college student and his dorm room at Texas. It was hot company for a really long time. But say ten years ago, you know, the PC became much less important smartphones were here, the the iphone and the like, and so he ended up spending like fifteen billion dollars between twenty ten and twenty twelve trying to turn delicacy off company, a much broader tech company, the market hated that. It's down shares like twenty five percent between twenty ten and twenty twelve and around the same time he had met this guy. Egon Durban who was a private equity investor to firm called Silverlake, which is a Silicon Valley based buy out firm, which is quite prominent both in Silicon Valley and in Wall Street and doing these buyouts, and they happen to be neighbors in a Wii. And so they had the idea that they could take Dell private buy out the public shareholders, and then reinvent this company and private so through the course of twenty thirteen the announced the deal and. By the end twenty thirteen they were able to tail private at a twenty four billion dollar valuation is very controversial a bunch of shareholders protested because they thought Michael Dell was a CEO, and he knew things that no one else did. And if he's buying why should we selling? But ultimately, they're all able to push the deal through and Dell became a private company in late. Twentieth. Thirteen and so if you fast forward five years Dell is going to be coming back to the public markets. What's changed? What happened over this period? Yeah. So the whole plan was to turn around and reinvent the company, which they did very dramatically Silverlake is a private equity firm. And so they have investors who are pension funds, and sovereign wealth funds and endowments who after five seven ten years want their money back. So it's natural for companies that go private like delta to relist again. And so what they've done in the last five years is that they really did till it turn del into this like one stop shop for corporate IT department. So they bought most prominently EMC, which is a tech data vendor for sixty seven billion dollars. They offload. A divisions that didn't fit anymore, and they've turned into this company that really can go up against Cisco HP and IBM and companies like that Sajid in order for Dow to have the backing to list again this time in the new York Stock Exchange, they company needed shareholder support. Can you walk us through what led to the vote that took place on Tuesday places start with that as we have to go back to the EMC deal, which happened 2016 EMC was a sixty seven billion dollar company. Dell was big it was perhaps thirty forty billion. Maybe at the time twenty five something like that. So it was private. So we don't actually know what the valuation was. But the point is he was much bigger. And so two by all of EMC offered their shareholders to things that gave them twenty three dollars per share in cash and the gave them a piece of paper called tracking stock to track. Another company called VM ware VM where was majority owned by EMC was also listed. So eighty percent of this company that was listed was owned by EMC Dell couldn't afford to buy all that for cash. And so they said, you know, what will give you this piece? The paper called tracking stock in VM ware, and it will reflect our interest in this company VM ware, and it should trade roughly in line with with VM ware. And so this piece of tracking stock which was publicly listed or traded called deviant t was created UNC shareholders got it. And for the last two years. It has traded has gone up quite a bit. The problem is it's always triggered a sharp discount to the pure VM ware stock big del wanted to go public again. And so the way to do that was not a traditional IPO where they just go out and sell shares of Delon people by that in like an under written offering what they wanted to do was take Dell shares a private and then swap it with Devi shareholders who would get the new Dell paper and through that transaction. Dell would again be public company. The problem was how do you actually value DVD, and that has been the fight for the last six months, let's say it's been particularly contentious who are some of the key sort of people fighting. It's interesting TV. Mt. Is like this weird security. VM ware is hard to understand. So not survey. Rising Lee its biggest investors have been hedge fund. So most prominently call icon had a big stake Elliott, the very high profile hedge fund that gets in these kind of fights. Was there a bunch of other kind of brand name twins were involved in the Soza a fight really between for the last six months to throughout the terms of this reverse merger IPO between these big hedge funds, and then Silverlake sedans had the benefit over these last few years of not having to answer to the public markets not having to release quarterly earnings. How's it looking like, it's gonna trait? That's a great question. So part of the fight that's gone on with this VM ware. Tracking stock called Devi MTA has been there's really two issues around it one VM ware. Let's say one hundred and fifty dollars per share company. The tracking stock has traded say around one hundred or one hundred and five so thirty forty percent discount. So the whole of that tracking stock one want to be made whole sort of get a value that approaches at one fifty the other half of the fight in the more complicated. Fight is a big portion of this. Deal is in this del stock which is suddenly going to be public. How much is that worth since it's private there's a big disagreement on how much that is worth. The delta worth quite a bit. The hedge funds have been skeptical. And so that was really the core kind of fight that just got resolved a came up with a clever mechanism to sort that out. But if you look at the actual numbers, and where Dell's going to trade at least initially the Cordell business businesses, not going to trade at a very high multiple. And so Michael Dell who was frustrated five years ago about his valuation is probably going to be frustrated now again, and so the question is do shareholders publisher holders now mutual funds, and the like do they kind of Dopp his vision on how Dell is going to really compete in this new IT market that they've been remade. And they're right up there with Cisco, and Microsoft, and the others or is this going to be thought of as a slow growth business that has this corporate governance problem with private equity firm who still there and Michael Dell who have super voting shares? We're going to take advantage of us. So the real question is now. Hey, the public. They got this deal done our daily at the benefit of the doubt or not. All All right. right. Thank Thank you. you.
Daily Tech News Show
Tesla, Alon Musk and Samsung Group discussed on Daily Tech News Show
"That can be played with up to six friends. Don't smile is what it says. A challenge, not to smile and asteroid attack. Well, as asteroids that attack. Tuesday, Alon musk, tweeted, and considering taking tesla private at four hundred twenty dollars. He followed up with a letter
Todd and Don
Amazon launches curbside pickup at Whole Foods stores
"Simple tweet can affect the stock of a company Tesla's CEO Elon Musk he surprised everybody yesterday when he tweeted that he's considering taking the electric car company privates that he has funding for his plan already secured the stock climbed more than three hundred eighty one dollars per share during the trading day still below the four twenty. Level must cities considering in an. Email employees must send taking. The company private is a much better. Path it's the best path forward now shareholder vote must be held before a. Final decision is made in it must moves ahead with this plan it it would be one of the largest go private deals on. Record seventy two billion. Based on four. Hundred and twenty dollars per share so there you go no. Real indication he's gonna, do this maybe and, just kinda just monkeying around, but, he, basically says when you have shareholders. You gotta answer to share Holders and sometimes that. Slows us down yeah yeah yeah but thanks definitely popped, up there. Significantly yesterday nothing new with this that's what Michael Dell did took his company back yeah you did. And and it's now turned things around big time there for a while Michael Dell probably was probably had the most amount of debt than any human being on recorded history there for a while I think he's I think everything's good now but so there you go also went tech news Amazon in its latest tactic to win. Over US grocery shoppers Amazon is. Announced today that it's launching. Curbside pickup at whole foods stores I'm. Surprised they weren't already doing it you can place orders via Amazon prime now. App and ask have your groceries loaded into your car upon arrival at the store the service is now available in Sacramento in Virginia. Beach with plans to. Launch it and. All the other cities later this year so often will be. Coming very soon well, that's a game changer, for them for sure that's Gonna be a big boost to their business I would think a lot of kind of behind the times HP HEB HEB targeting others have already been doing this for quite a while you were doing it very well, you would think so I guess. One, of, the. Things they, have to consider though it allowed. The locations is maybe. What the physical setup of the of the place. Gotta, have space. Not like you can just do this anywhere because it can cause traffic. The, thing I've noticed at HEB I mean how many times have you gone to the store and you see you see. Some kid putting, things in a massive cart, yeah a big three or four level cart those are the people that are getting the curbside orders together I. See and you might see two or three of those massive carts down. Down the bay Kyle on a Sunday. Afternoon you got ten or fifteen other. Carts trying to get, up and down that aisle they they kind of blocked the aisles. Well I won't do the curbside pickup at whole foods ever because one of the one of the motivations for me to go, to whole foods is that that's where. The, most attractive women go whole foods in my. Opinion That's how you determine what you put in your. Mouth that is Yes I guess so yes it how much. Time I spend in the store ever. Asked their names or anything I don't try to get. Phone number I don't do. That I'm a married. Man have you just very happily, married to stare I'm just I'm just human that's all, I'm, looking stare I have just noticed just just an observation what I've been in whole foods I seem to be the. Most attractive women in Austin listen, New York City council members are. Expected to vote today on changes that could revamp. The way ridesharing services are governed when this happens in, New York it could happen, here in Austin, we'll get into. That coming up, after the, news also an interesting, new way to get a new car a subscription to a cause not a lease but a subscription you can have you know a brand. New Cadillac Mercedes for a. Couple of weeks or couple of months or a couple of years. Really..
America in the Morning
China-US Trade Surplus Eases as Trump Tariffs Bite, But Weaker Yuan Softens Blow
"Watching, how Trump impose tariffs are affecting. Our trade with, China Steve Kastenbaum has done some numbers crunching exports from China. Not only grew in the, month, of July the growth exceeded expectations, exports rose twelve point two percent when compared to July of, last year despite fresh tariffs that's well, above the ten percent that was. Forecasted it seems like President, Trump's tariffs, on thirty, four billion dollars worth. Of Chinese goods had little impact on overall trade some of that increase can be attributed to. Frontloading customers placing, large orders with Chinese factories in order to get the deals done before the, president institutes deeper tariffs On two hundred, billion dollars worth of, goods manufactured, in China, the concern is that the escalating trade war in, a steep decline in the value of the you on versus the, dollar could put a significant dent on the economy China's government responded by releasing more liquidity into the banking system encouraging. Lending and promising a more active fiscal policy they haven't shown any outward willingness to give in to President Trump's
WBZ Afternoon News
Massachusetts top court upholds 20-day voter registration cut-off
"Is a private company says is planning to offer common shares investment firm silverlake and michael dell took del private in two thousand thirteen companies still losing money but tells losses have been tracking and sales grew nineteen percent in his latest quarter business reports at eight and thirty eight past the hour i'm tracy jonky bloomberg business on wbz newsradio ten thirty tracy thank you and the white house has just announced that secretary of state mike pompeo we'll make another diplomatic trick to north korea it will be his third trip to pyongyang white house press secretary sarah sanders has pompeo will leave for the korean peninsula on july fifth so this week and you can expect fireworks if a different kind after president trump's announced been next week on his choice to replace retiring supreme court justice anthony kennedy the president says just this morning he interviewed four candidates for the post he plans on meeting with four others before next week's announcement cbs's steven portnoy reports abortion rights will be a key factor in the senate debate after the nominee is known in the campaign the president made it clear he'd appoint justices who would vote to overturn roe versus wade now he says he won't ask perspective picks for their views on abortion the list from which he's choosing has been preapproved by conservative groups cbs news has learned the two leading contenders are both pella judges brent kavanagh of the dc circuit court and amy coney barrett of the seventh circuit based in chicago the white house says counsel don mcgann will lead the overall nomination process as he did for the confirmation of justice neal gorsuch last year former governor deval patrick's brotherinlaw will spend the fourth of july locked up after making his plea for freedom while awaiting trial the prosecutor told the judge she wants former governor deval patrick's brotherinlaw bernard sigh of milton held without bail until he goes to trial he's accused of raping kidnapping and assaulting a woman last december in an apartment the two shared the victim claims he forced her to have sex and held her against her will cy has pleaded not guilty and ordered no contact with the woman but today milton police detective vaulter pirates testified that earlier this year cycle used a special app to anonymously send messages and texts and that he asked a friend to kidnap her so that he could talk to her the judge is expected to make a decision on bail on july eighteenth in norfolk county superior court sheri small wbz newsradio ten thirty in massachusetts the cutoff voter registration remains at twenty days prior to election day the aclu had gone to court arguing the cutoff came just when people's interest in the candidates and issues is peaking will the aclu argued that cutoff prevents thousands of qualified on registered voters from translating that interest into action in other words from voting well the supreme court did not agree ruling the twenty day cutoff is quote reasonable and their words wbz news time four forty two traffic in a minute tom cuddy right now in the as tikka dot com sports studio red sox nationals first of three washington rick pacelle oh starts day two of.
Bloomberg Surveillance
Bloomberg, Walmart and Michael Dell discussed on Bloomberg Surveillance
"Bloomberg radio bloomberg the world is listing this is a bloomberg market minute walmart expects to record a noncash net loss of about four and a half billion dollars in the second quarter this is from selling a majority stake in its brazilian unit to advent international walmart will retain a twenty percent stake in its brazil unit upon completion of the transaction dell technologies reports a solid firstquarter revenue climbed nineteen percent and adjusted earnings rose thirty three percent ceo michael dell has been considering strategic options for the computer and server maker such as a combination with software affiliate vmware or an ipo for dell bayer is just days away from transforming itself into the world's biggest maker of seeds and agricultural chemicals saying it plan is to close its purchase of monsanto on thursday it's the third in a series of industry megadeals following dow chemicals merger with dupont and china national chemicals takeover of syngenta s and p futures up nine points gina cervetti bloomberg radio.