Archive for the ‘The Business Inside’ Category
How You Can Talk About The Economy Like A Media Personality In One Easy Step
This couldn’t be easier (Saturday Morning Breakfast Cereal) (via Justin Wolfers):
There’s also this guide made especially for elected officials. But frankly, we’re too trapped in our own cycle of prediction, waiting and praise to fully digest its implications:
Click here to see the original post at SMBC > >
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These Are The 12 Greenest Cars Of 2012
A newcomer has rolled onto the 2012 Greenest List, a ranking of new-model-year autos based on their fuel economy and tailpipe emissions as well as the environmental impacts from their manufacture and the techniques used to produce their fuel.
Now in the No. 1 spot: the subcompact Mitsubishi i-MIEV, a light lithium-ion powered electric car that recently debuted in the American market and bumped the previous champ, the Honda(NYSE:HMC) Civic Natural Gas, to the No. 2 spot.
The i-MIEV (Mitsubishi in-wheel-motor electric vehicle, shown at right) gets 3.8 miles per kilowatt hour (mpkWh) in the city and 2.9 mpkWh on the highway—or 126 miles-per-gallon equivalents (mpGe) in the city and 99 mpGe on the highway. In MpGe units, 33.7kWh of electric power is equivalent to one gallon of gasoline. The car ranges in price from $29,125 to $31,125.
The Honda Civic Natural Gas gets 27 miles per gallon in the city, 38 on the highway. It lists for $26,155.
No. 3 on the Greenest List is the Nissan Leaf, whose mpGe is 106 in the city and 92 on the highway. It’s available for $35,200 to $37,250.
The Toyota (NYSE:TM) Prius landed in the No. 4 spot, with 51 mpg I the city, 48 on the higway, and a price range from $24,000 to $29,805.
No. 5 is the Honda Insight, offering 40 mpg in the city and 43 on the highway. It costs from $18,350 to $21,815.
Smart GmbH’s Smart ForTwo Cabriolet/Coupe two-seater ranked No. 6, with 34 mpg in the city and 38 on the highway. It is among the least expensive of the vehicles on the list, with a price range of $12,490 to $17,690.
The Greenest List is compiled by the American Council for an Energy-Efficient Economy, a nonprofit advocacy group. ACEEE ranked 12 vehicles in all for their greenness, but also compiled two other, related rankings: Greener Choices, which ranks the top 12 gasoline-powered vehicles, and the Meanest List, which identifies some of the biggest gas hogs and major emissions champs.
You can check out the entire Greenest List lineup and images of each vehicle by clicking here for a CNNMoney slide show of the ranking.
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It Just Seems Like No One Wants Deutsche Bank’s Asset Management Business
A day after we heard that the asset management firm Goldman Sachs recently acquired was not the one that Deutsche Bank had been shopping around since the year started, should we be surprised that there is now news that the sale of the business may now be falling apart?
The Financial Times is reporting that JP Morgan and State Street, two of the front runners to acquire the business, have dropped out of the bidding process. In addition, another bidder Ameriprise may soon throw in the towel because of the high price the German bank had set on the unit. Goldman Sachs was originally rumored to be interested in Deutsche’s asset management business as it considered acquisitions.
The faltering deal could also mean negative publicity for incoming co-CEOs Anshu Jain and Jürgen Fitschen.
The issue appears to be the high cost of the transaction—Deutsche Bank wants around $2 billion—and the fact that many interested firms want parts of the business but not the whole, despite the fact that Deutsche Bank wants to sell the unit in tact, according to the Financial Times. A sale of broken up parts of the asset management business may only bring the bank in about $1.3 billion.
Deutsche Bank originally announced its intentions to spin off the asset management unit last November because of declining revenue and regulatory changes.
Read the Financial Times report here >
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The Best And Worst Things About Being A Billionaire: A Q&A With Mark Cuban
At our IGNITION conference last fall, Mark Cuban summed up his life in one quip: “Someone has to be the world’s luckiest person!”
Cuban certainly could be the world’s “luckiest man,” but that would discount his incredible savvy as a businessman and investor.
Cuban made his fortune when he sold Broadcast.com to Yahoo in the late ’90s. Now he owns the Dallas Mavericks, throws ragers at the Super Bowl, and angel invests in startups.
Cuban is also a judge on ABC’s Shark Tank, which just launched its second season.
We did a Q&A with the billionaire over email. Here’s his advice to startups, his players, and his thoughts about Yahoo.
Business Insider: What does an entrepreneur have to do to catch your eye?
1. Know what areas I invest in. Don’t bring me anything outside of tech, media or consumer.
2. Be differentiated
3. Know your industry cold. I’m not going to do the work for you.
How many companies have you invested in; how much do you generally invest?
I don’t even know how many…50 plus. Anywhere from $25,000 to $4 million with 90 percent being $250,000 or under.
Does a startup’s location matter to you when you invest? Is it still an advantage to have a headquarters in Silicon Valley or NYC?
To me it’s a disadvantage in either. It’s far more expensive and particularly in the Valley there is a level of arrogance that can be distracting.
Worst pitch you’ve ever heard?
Tons that started “I have a great idea, can you help me?” or “I don’t know where to start.” Those are an immediate no.
Best pitch you’ve ever heard?
People who can tell me why their product is unique and differentiated, by how they will compete and stay ahead and how they will give me a return on my investment from operations.
How should entrepreneurs think about their exit strategies?
They shouldn’t. They should focus on building the best possible business. If you are great, people will notice and opportunities will appear. Then you decide if it works for you or not.
You encourage people to angel invest rather than put their money in the stock market. Isn’t that insane advice for the general public?
Not if you stick to what you know and can add value to. If you can’t add value, don’t do it. What’s insane is thinking the stock market will always go up and the needs of your life, house, car and medical won’t crush your investment approach.
What do you tell your athletes to do with their money?
I tell everyone the same thing. Pay off 100 percent of your debt. Use the transactional value of cash to get an absolute return on your savings (buying something in bulk to save 40 percent on something you know you need is a guaranteed return of 40 percent. You can’t get that anywhere in market). And don’t invest in things you don’t know.
What’s the best thing about being a billionaire? The worst?
Everything. Nothing.
Do you think Yahoo made a good choice hiring a technical CEO rather than one from the media business?
Yahoo’s issue is culture. They can’t leverage all the amazing assets they have until they get a little ruthless in how they relate to their competitors. They generate huge percent of traffic for other sites and you would never know which sites because that would be impolite. They can’t be afraid of using the wrong fork.
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PRESENTING: The Most ‘Liked’ Wall Street CEOs
There’s no denying it — there’s definitely been a great deal of ire directed at Wall Street lately, especially toward the bank CEOs.
But many of these CEOs are still “liked.”
Well, on Facebook, that is.
Those who use the social networking site can join so-called “like pages” and there are pages dedicated to these Wall Street titans. (Of course, we suspect that many of them are not “official” pages.)
While the numbers aren’t staggering or jaw-dropping, it appears that they do, in fact, have fans in the social media sphere.
Bob Diamond
Bank: Barclays
Number of ‘Likes’: 4
People Talking About This: 1
Fun Fact: He began his career as a lecturer at UConn’s business school.
Sergio Ermotti
Bank: UBS
Number of ‘Likes’: 8
People Talking About This: 1
Fun Fact: He took an apprenticeship at the age of 15 at the Corner Bank in Lugano.
James Gorman
Bank: Morgan Stanley
Number of ‘Likes’: 14
People Talking About This: 0
Fun Fact: He has a law degree.
See the rest of the story at Business Insider
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