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Jay-Z, Samsung Reportedly Eyeing $20 Million Deal
Months after Beyonce inked a $50 million, multi-faceted deal with Pepsi, Jay-Z and Samsung are said to be locking in a $20 million package that would see the rapper collaborating on multiple projects with the tech giant.
Page Six reports that the rapper and now sports agent might create a social media network as part of the deal. Regardless of the terms, a $20 million signing is a big move for the man who famously asserted, “I’m not a businessman, I’m a business, man.”
If true, the report would signal the latest in a number of high-profile business moves Jay-Z has made over the past couple of years. He dissolved his stake in the Brooklyn Nets to set up Roc Nation Sports, a talent agency that has already landed some key signings; he moved his music label, Roc Nation, from Sony to Universal; he launched Made in America, a massive music festival in Philadelphia and even executive produced ”The Great Gatsby.”
As previously mentioned, highly structured deals are nothing new to the Carter-Knowles family. Beyonce’s massive Pepsi contract includes traditional promotional appearances and ad campaigns, but also gives Pepsi a stake in Beyonce’s creative endeavors.
SOURCE: Huffington Post.
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Twitter: Great Investor Tool That Won’t Make You Money
It’s no surprise that Twitter – the ingenious and versatile social platform – has been called the “new ticker tape” and is hailed as a valuable tool for gaining an edge in the markets.
After all, dating to the advent of carrier pigeons, every technology breakthrough finds financiers and speculators among the earliest adopters.
The first ticker-tape machines were installed in only a handful of New York banks. Big investment firms were among the first to buy access to undersea telegraph cables. Cheap fiber networks spurred the creation of high-frequency trading bots and $8 online stock trades.
As for Twitter, as far back as October 2010, an academic paper asserted that its “mood predicts the stock market.” New research from the MIT media lab finds that “social traders” – those who monitor peers’ ideas and investment activity – seem to have better trading results than others.
To read more go to Yahoo Finance
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For Google’s Founders, What’s Cooler Than a Private Jet? A Private Terminal
This week, a little-noticed vote by the San Jose City Council paved the (run)way for one of the sweetest perks in the history of the tech industry. Call it Terminal G.
Google’s top three executives already have a Boeing 757 and this Boeing 767 among the private jets in their collection. Now they’ll be able to board them in plebian-free bliss at their own private terminal at Mineta San Jose International Airport.
The 29-acre development on the airport’s west side won’t be entirely private: Other private jet owners will also have access. But Larry Page, Sergey Brin, and international nerd of mystery Eric Schmidt will certainly be the most prominent regulars.
The City Council’s 10-1 vote approved a 50-year lease agreement with Signature Flight Support, a white-shoe service provider for government, military and private air travel. Signature is partnering on the $82 million facility with Blue City Holdings, which airport officials describe as a Mountain View, California-based corporation “representing the personal aircraft of the principals at Google.”
to read more go to Wired
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Martinis With The Hiring Manager: Will Cocktail Parties Replace Job Fairs?
What do you get when you mix drinks, finger foods, a little background music and a lot of mingling strangers? Well, if you’re a creative-thinking business, you get the perfect environment to suss out your next key hire. Call them hiring soirees, candidate cocktail parties or applicant meet & greets, but an increasing number of companies are pushing aside job fairs in favor of parties.
E-commerce platform Shopify is no stranger to offbeat recruitment efforts; they turned to Reddit to source social media manager candidates, after all. The rapidly expanding Canadian company is set to host its second hiring party this week. The first event – attended by 90 job seekers – netted them 16 new hires, which exceeded Shopify’s expectations. For an organization that’s been doubling its workforce year to year, business-as-usual hiring no longer meets their needs, says Doug Tetzner, head of talent acquisition.
To read more go to Forbes
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US Initial Jobless Claims Rise By 4,000 To 352,000 As Hiring Remains Modest
The number of Americans filing new claims for jobless benefits rose last week, signaling little improvement in a soft U.S. labor market, though broadly in line with analyst expectations.
In the week ended April 13, applications for unemployment insurance payments increased by 4,000 to 352,000, the Labor Department said Thursday. That’s the highest level in two months. Economists surveyed by Reuters expected claims to rise to 350,000 from the prior week’s upwardly revised figure of 348,000.
The four-week moving average, which normally provides a better indication of the underlying trend in labor markets than the weekly number of jobless claims, rose by 2,750 to 361,250.
To read more go to International Business Times
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Marco Rubio courts Wall Street
Florida Sen. Marco Rubio is moving swiftly behind the scenes to lock down some of Wall Street’s biggest donors ahead of the 2016 presidential race.
In recent weeks, the rising GOP star and possible 2016 hopeful has quietly met with some of the most powerful GOP backers in the world of high finance. The roster includes Blackstone Group Chief Executive Officer Stephen Schwarzman, Kohlberg Kravis Roberts & Co. CEO Henry Kravis and senior executives at Goldman Sachs and Barclays Capital, among others.
Rubio has gotten backing from big Wall Street titans before, notably hedge fund manager and billionaire Paul Singer. But the fresh round of private meetings with top names has Wall Street buzzing about Rubio’s future plans.
Continue Reading: Politico.
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42 Successful People Share The Best Advice They Ever Received
The most successful people in the world didn’t get where they are on their own.
Along the way, they received some guidance that changed their views and, inevitably, got them to the top.
In its latest “Influencers” series, LinkedIn asked 70+ top professionals in banking, real estate, public relations, energy, technology, and media to answer the question: “What is the best advice you’ve ever received?”
Craigslist founder Craig Newmark was advised not to “correct people when it matters little” and Gallup’s Jim Clifton was told that “your weaknesses will never develop while your strengths will develop infinitely.”
From T. Boone Pickens to Martha Stewart to Richard Branson, here are the lessons that changed the top minds in the world. We’re publishing the highlights with permission from LinkedIn.
Continue Reading: Business Insider.
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What recruiters really want to see on your LinkedIn
The Facts
There’s tons of advice out there about how to phrase your summary, insert a million “action” words, and other “editorial” suggestions. While correct grammar is always important, recruiters aren’t on LinkedIn to see how eloquently you can speak to your experience. They are there for the facts. The facts are the high-level details about your work experience and goals.
- Companies you’ve worked for
- Dates you’ve worked for those companies
- The title of your role
- A quick description of what that title means
Continue Reading: Financial Post.
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‘Shareholder Democracy’ Can Mask Abuses
Martin Lipton, one of the nation’s top corporate lawyers, was dismayed.
Having watched David Einhorn, the activist investor, go to battle with Apple in the last two weeks to push it to distribute some of its $137 billion cash hoard to shareholders, Mr. Lipton had seen enough. Mr. Einhorn, he thought, had gone too far.
A longtime counselor to the Fortune 500 as one of the founding partners of Wachtell, Lipton, Rosen & Katz, he sat down and wrote a scathing memo to his clients on his view that “shareholder democracy” has run amok.
“The activist-hedge-fund attack on Apple — in which one of the most successful, long-term-visionary companies of all time is being told by a money manager that Apple is doing things all wrong and should focus on short-term return of cash — is a clarion call for effective action to deal with the misuse of shareholder power,” he wrote. The memo was entitled, “Bite the Apple; Poison the Apple; Paralyze the Company; Wreck the Economy.”
Mr. Lipton said that long-term shareholders in public companies are being undermined “by a gaggle of activist hedge funds who troll through S.E.C. filings looking for opportunities to demand a change in a company’s strategy or portfolio that will create a short-term profit without regard to the impact on the company’s long-term prospects.”
While “shareholder democracy” may be a good sound bite, Mr. Lipton has a point worth considering.
Read the full story: Yahoo.
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Maintaining the Stock Market Rally
Week in and week out, three hypotheses invigorate and sustain the stock market rally. The three are valid. Yet their longer-term implications may be far more complex than most investors fully appreciate.
Equity markets believe in the “Fed put,” or the view that the Federal Reserve will increase its monetary policy stimulus in response to any (and all) meaningful decline in risk assets.
This dynamic is reinforced by the revealed preference of the Fed. It is also consistent with the institution’s policy objective – that of enhancing economic growth and job creation by pushing up financial asset prices and thus reviving animal spirits and triggering wealth effects.
Second, market participants also have reason to believe that the steadfast focus of the Fed forces other central banks around the world into more accommodating monetary policy.
The ongoing U-turn by the Bank of Japan, a central bank that long held the view that the collateral damage of prolonged unconventional monetary policy exceeds the benefits, is just the latest example of a “Don’t Fight the Fed” mantra that applies both within and outside America’s borders.
Read the full story: Yahoo.
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HOT JOB!
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The Most Successful Leaders Do 15 Things Automatically, Every Day
is learned behavior that becomes unconscious and automatic over time. For example, leaders can make several important decisions about an issue in the time it takes others to understand the question.
Many people wonder how leaders know how to make the best decisions, often under immense pressure. The process of making these decisions comes from an accumulation of experiences and encounters with a multitude of difference circumstances, personality types and unforeseen failures. More so, the decision making process is an acute understanding of being familiar with the cause and effect of behavioral and circumstantial patterns; knowing the intelligence and interconnection points of the variables involved in these patterns allows a leader to confidently make decisions and project the probability of their desired outcomes.
The most successful leaders are instinctual decision makers. Having done it so many times throughout their careers, they become immune to the pressure associated with decision making and extremely intuitive about the process of making the most strategic and best decisions. This is why most senior executives will tell you they depend strongly upon their “gut-feel” when making difficult decisions at a moment’s notice.
Continue Reading: Forbes.
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The Most Outrageous Interview Mistakes
Candidate hugged the president of the company.
Candidate said they didn’t like getting up early and didn’t like to read.
Candidate said he had to quit a banking position because he was always tempted to steal.
Candidate emptied the employer’s candy dish into her pocket.
Candidate called in sick to her current employer during the interview, faking an illness.
View All 13: Forbes.
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Resume Bar: Candy Bar Resume Could Be The Best Job-Getting Idea Ever
The resume bar could be the cleverest means ever used to garner new employment. It’s a brutal job market out there, and one man decided to make himself stand out from the crowd in a very sweet way. The candy bar resume went viral after being posted on Reddit on Thursday.
In a possibly ingenious move, Nick Begley had 12 crunch bar resumes made to get the attention of possible employers. The entire wrapper of the resume bar appears to be used to share information about Nick and his credentials. The man on the receiving end of the candy bar resume must have a sense of humor and be a chocolate lover — Nick got the job.
The UP code on the wrapper is reportedly not a valid register number but Nick’s birthday. The creative job applicant was reportedly born on November 30, 1980 if the keen eye of Reddit users are deciphering the resume bar accurately.
Nick supposedly used the candy bar resume to land a marketing job at Sportsvite, a New York City-based company, The Blaze notes. An excerpt from the internet thread about the company reads:
“Sportsvite is an online community for adult recreation athletes, allowing them to meet their fellow sports enthusiasts in their area and providing them with a platform to manage their rec sports teams.”
The ingredients portion of the resume bar is perhaps the most intriguing aspect of the unconventional job application approach. Nick used the space to note his skills in marketing, creative services management, social media marketing, and a host of other talents which would likely appeal to a the company.
What’s the most creative thing you have ever done to get hired for a new job?
SOURCE: Inquisitr.
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The Sequester: Absolutely everything you could possibly need to know, in one FAQ
At the end of the month, the dread sequester is set to take effect. Hands up if you know what exactly that means — and be honest. Don’t worry, we’re here to set you straight. Follow along for answers to some of the most-asked questions about the impending cuts.
What is the sequester?
The sequester is a group of cuts to federal spending set to take effect March 1, barring further congressional action.
Where did it come from?
Continue Reading: Washington Post.
