Kim Bhasin | http://www.businessinsider.com
PepsiCo continued its management shakeup today in a move that is likely paving the way for a successor to embattled CEO Indra Nooyi, reports the AP.The company has been stagnant over the past five years, and lately it has been trying to mix things up internally to get it jump-started. For instance, it completely revamped its marketing wing last year, bringing in big-name hires like Brad Jakeman, former CMO of Blizzard Activision.
And all throughout, Nooyi has been getting slammed by both the media and Pepsi investors alike.
This latest move shows that Pepsi is “deepen[ing] its management bench,” says Martinne Geller at Reuters. One of these executives is likely being groomed to be Nooyi’s successor after she steps down or is forced out.
Here are the four most likely internal candidates for the CEO job, according to Geller’s report>>> Sigue leyendo
The World Cup is happening right now in South Africa and with so many players from 32 different countries it’s a bit difficult to keep track of who is quality and who is not.
We’ve picked ten of the top players from the tournament who have been bought and sold for massive transfer fees in the last few years.
For those not in on the soccer lingo, a transfer fee is the price a club pays to purchase a player from another club (this includes an approximately 15% fee for agents, which inflates the market and makes agents pursue more and more transfers).
See the the 32 teams and our predictions here…
Google (GOOG) has an astounding $26 billion in cash. Brent Callinicos is the guy responsible for investing it.
Brent runs a 30-person trading operation at Google and is developing a more agressive trading strategy by the day, reports Douglas MacMillan at Bloomberg BusinessWeek.
24/7 Wall St. has examined the finances of all forty-three presidents. This article provides net worth figures for each in 2010 dollars. Because a number of presidents, particularly in the early 19th Century, made and lost huge fortunes in a matter of a few years, the number for each man is based on his net worth at its peak.
In the case of each president we have taken into account hard assets like land, estimated lifetime savings based on work history, inheritance, homes, and money paid for services, which include things as diverse as their salary as Collector of Customs at the Port of New York to membership on Fortune 500 boards. Royalties on books have also been taken into account, along with ownership of companies and yields from family estates.
The net worth of the presidents varies widely. George Washington was worth over half a billion in today’s dollars. Several presidents went bankrupt.
The fortunes of American presidents are tied to the economy in the eras in which they lived. For the first 75 years after Washington’s election, presidents generally made money on land, crops, and commodity speculation. A president who owned hundreds or thousands of acres could lose most or all of his property after a few years of poor crop yields. Wealthy Americans occasionally lost all of their money through land speculation—leveraging the value of one piece of land to buy additional property. Since there was no reliable national banking system and almost no liquidity in the value of private companies, land was the asset likely to provide the greatest yield, if the property yielded enough to support the costs of operating the farm or plantation. Sigue leyendo
NEW YORK (AdAge.com) — Despite Yahoo‘s well-publicized strategy to corner a broad array of online businesses from advertising to search to content, it has more aggressively moved into the publishing space, increasingly looking like a content company.
Last week, the Sunnyvale, Calif.-based portal dropped $100 million on articles aggregator Associated Content, and in so doing has effectively proclaimed its stake on a media model that in many ways is strikingly similar to AOL, a once-faltering digital business that recently underwent a massive transformation into a content-driven business.
Yahoo is the largest online content player in terms of traffic and audience, and it plans on doubling the share of original material it publishes with Associated Content, which manages a network of freelancers. Associated has built technology that predicts what kinds of content consumers want and seeds that content through natural search on engines such as Google, Yahoo and Microsoft‘s Bing. Sigue leyendo