Wednesday morning news drop
In a post-COVID world, CPAs can become an organization’s GPS As trusted advisers, accountants can play a pivotal role in crafting a company’s vision for the future (CPA Canada)
Let Your Top Performers Move Around the Company As a manager, it’s human nature to want to hang on to the superstars in your group, department, or division. But ultimately, that’s detrimental to the organization and to the individuals involved. Multiple studies on talent mobility show that actively moving employees into different roles is one of the most underutilized, yet most effective, development and cultural enhancement techniques in companies today. In fact, research has shown that high-performance organizations are twice as likely to emphasize talent mobility versus low-performance companies. Building a culture of mobility is a trait of very healthy organizations, and the benefits are clear. Cross-functional collaboration increases, departmental cooperation is enhanced, innovation improves, and companies begin working more as one cohesive team instead of separate fiefdoms. (Harvard Business Review)
Which Country is the Cheapest for Starting a Business? Starting a new business isn’t as simple as coming up with an idea. In addition to the time investment needed to formulate and create a business, there’s often a hefty capital requirement. A new business usually requires paying different fees for licensing, permits, and approvals, and many governments also have minimum on-hand capital requirements. (Visual Capitalist)
How Tim Cook has grown the Apple empire in his decade as CEO Ten years into the job, Cook now leads the most valuable company in the world — technology or otherwise — and it remains among the most influential. More than a billion people worldwide use its devices and tens of millions of developers have built businesses on its software platforms. (CNN)
Hedge Funds Are Hot Again. Good Luck Finding One That’ll Take Your Money A record number of funds are closing to new cash. Investors risk missing out on the top money makers. “The reality is the best performers are dictating terms . . . the easy way of making money by buying two or three multi-manager platforms is closed.” (Bloomberg)
The Carrot and the Stick Which incentive is more powerful – The Carrot or The Stick? Any parent of a three-year-old can tell you that both are necessary. The trick is to find the right balance between the two. Too much Stick and the child loses confidence. Too much Carrot and the child learns to skirt the rules. (The Belle Curve)
End of the Line for Uber Uber was never going to be profitable. Never. It lured drivers and riders into cars by subsidizing rides with billions and billions of dollars from the Saudi royal family, keeping up the con-artist’s ever-shifting patter about how all of this would some day stand on its own. Accounting tricks and tech gimmickry don’t matter when the coffers are empty. (Marker)
The Shadowy Business of International Education Foreign students are lied to and exploited on every front. They’re also propping up higher education as we know it (Walrus)
From Daniel Craig to Dwayne Johnson, Inside the Biggest Movie Stars’ Salaries The digital revolution may have changed things dramatically, but don’t lose any sleep over the financial statements of your favorite actors. Film stars continue to be paid handsomely for their duties and are often able to earn much more by leaving the big screen behind and diving headfirst into streaming. (Variety)
Saving Pop Punk? That’s Just Their Warm-Up Act. Meet Me @ the Altar want to be household names — and that’s not a crazy notion. (New York Times)