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☆ Tesla isn't Apple, Elon Musk isn't Steve Jobs, and its cars aren't the next iPhone
▼ + stars: | 2023-01-05 | by ( Asia Martin | ) www.businessinsider.com time to read: +6 min

Analysts and industry observers have compared Tesla and CEO Elon Musk to Apple and Steve Jobs. Tesla isn't the next AppleBoth Apple and Tesla had a first-mover advantage, another reason so many analysts like to draw parallels between the two brands. When Tesla emerged with top-selling electric cars, the Tesla Model Y and Tesla Model 3, held a commanding market share in North America. A shrinking market share isn't disastrous for Tesla — part of the reason Tesla's market share will shrink is that every auto maker will be selling a lot more EVs. The world's largest automaker, Toyota, had a market share of just 10.5% in 2021 — nowhere near the 55% market share Apple holds in the US.

☆ LVMH CEO Bernard Arnault: World's richest person admires Buffett, Jobs
▼ + stars: | 2023-01-05 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

That would be France's Bernard Arnault, the 73-year-old co-founder and CEO of LVMH, the luxury goods conglomerate known for operating iconic brands like Louis Vuitton, Tiffany and Christian Dior. He still holds a 97.5% stake in the iconic French luxury fashion house. How did he become the world's wealthiest person? Amid global market turmoil, Arnault's wealth has held fairly steady in recent months. The vast majority of Arnault's wealth is tied to LVMH's stock, and since 2020, the company's stock price has grown by nearly 65% overall.

Jan 3 (Reuters) - Apple Inc's (AAPL.O) stock market value fell sharply on Tuesday following its steep drop last year, putting it on track to end below $2 trillion for the first time since June 2021. The sell-off comes a year after the iPhone maker became the first company to reach the $3 trillion market capitalization milestone. At Apple's current stock price, the company is worth $1.98 trillion, just ahead of Microsoft Corp (MSFT.O), currently valued at $1.78 trillion. The combined stock market value of Apple, Microsoft, Amazon.com Inc (AMZN.O), Alphabet Inc (GOOGL.O) and Meta Platforms (META.O) now accounts for about 18% of the S&P 500, down from as much as 24% in 2020. Apple vs the S&P 500 since the iPhone's introductionEven after its 27% drop last year, Apple has provided stellar returns to long-term shareholders.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ Jeff Bezos' leadership style propelled him to become one of the richest men in the world. Here's what you can learn from it.
▼ + stars: | 2022-12-28 | by ( Elle Hardy | ) www.businessinsider.com time to read: +13 min

Former CEO Jeff Bezos, who stepped down in late 2021, led with a slogan of step ferociously. After he predicted that ecommerce was about to take off, Bezos founded Amazon as an online book retailer in 1994. According to the man himself, the value that "surprises people" is Amazon's fourth leadership principle: "are right, a lot." "No PowerPoints are used inside of Amazon," Bezos has said. Bezos ran elements of Amazon like a startup, such as being notoriously frugal when it came to company expenses.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Battery swapping spurs Kenya's electric motorbike drive
▼ + stars: | 2022-12-26 | by ( Ayenat Mersie | ) www.reuters.com time to read: +3 min

[1/5] Workers at ARC Ride assemble an electric motorcycle at the company's warehouse in Industrial Area, Nairobi, Kenya November 2, 2022. REUTERS/Monicah MwangiSummary Electric motorbike startups making inroads in KenyaSay battery swapping saves drivers time, moneyPlanning to expand model to Tanzania, UgandaNAIROBI, Dec 26 (Reuters) - Over recent months, sets of sturdy, brightly-branded battery swapping stations have cropped up around Kenya's capital Nairobi, allowing electric motorcyclists to exchange their low battery for a fully-charged one. "It doesn't make a lot of economic and business sense for them to acquire a battery...which would almost double the cost of the bike," said Steve Juma, the co-founder of electric bike company Ecobodaa. EXPANSION PLANSEcobodaa is just one of several Nairobi-based electric motorcycle startups working to prove themselves in Kenya before eventually expanding in East Africa. "We're putting over 200 swapping stations in Nairobi and expanding to Dar es Salaam and Kampala," said Hurst-Croft.

☆ Nobel economist Paul Krugman slams Elon Musk and Sam Bankman-Fried, and says we're living in an era of 'petulant oligarchs'
▼ + stars: | 2022-12-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

Nobel laureate Paul Krugman slammed Elon Musk and Sam Bankman-Fried as "oligarchs" in an op-ed. His comments follow Musk's chaotic revamp of Twitter, a project that's sparked growing scrutiny over his leadership style and political tweets. The same narrative could also be applied to Sam Bankman-Fried, the disgraced crypto executive facing charges of fraud, money laundering, and conspiracy after the collapse of his crypto exchange, FTX. But the tarnished reputations of both Musk and Bankman-Fried could mean the allure of the "genius entrepreneur" has evaporated. "Musk and Bankman-Fried may end up doing a public service, by tarnishing the legend of the genius entrepreneur, which has done a great deal of harm," Krugman said.

☆ Apple's walled garden is preparing to face the ultimate test
▼ + stars: | 2022-12-13 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +6 min

Apple is prepping to comply with EU regulations by allowing sideloading iOS apps, Bloomberg reports. This will put Apple's walled garden to the ultimate test, and prove if it was right all along. Steve Jobs himself championed this strategy, and is said to have needed to be convinced to bring an App Store to the iPhone at all. Over the years, everyone from independent app developers to CEOs have decried this provision. Are you a developer with insights to share on how Apple's App Store policies impact your business?

☆ Larry Page, Sergey Brin Post-Google Lives: Investments, Yachts, Islands
▼ + stars: | 2022-12-11 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +33 min

Even before their retirement from Google, Page and Brin relied heavily on their respective family offices to bring order to their worlds. The Bay Area headquarters of Koop, Larry Page's family office, is nondescript and gives little indication of the billionaire's empire. Insider; Marianne Ayala/Insider Show less Bayshore Global Management, Sergey Brin's family office, is based in Palo Alto and has a bit more of a public face. Insider; Marianne Ayala/Insider Show lessThe difference in styles holds true for Brin's family office, Bayshore Global Management. The CEO of Page's family office is Wayne Osborne, a former elder in the Presbyterian Church who attended Princeton Theological Seminary.

☆ Apple made China the backbone of its iPhone assembly. Shifting away could take years
▼ + stars: | 2022-12-09 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

For years, Apple has relied on a vast manufacturing network in China to mass produce the iPhone, iPad and other popular products found in households around the world. “Apple would not be the company that it is today without China as a manufacturing base,” said Eli Friedman, a professor at Cornell University whose research focuses on labor and development in China. Apple CEO Tim Cook, who helped build the company’s global supply chain, acknowledged the unique manufacturing strengths of China in one 2015 interview. Labor costs in China, while on the rise over the past decade, are also “artificially cheap because of political repression against labor organizers,” according to Friedman. Another key element to why Apple “is really reluctant to rock the boat with China is that China is also a massive market for Apple,” according to Wharton’s Allon.

☆ Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison
▼ + stars: | 2022-12-07 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

Former Theranos chief operating officer and president Ramesh "Sunny" Balwani was sentenced to nearly 13 years in prison Wednesday for fraud, after the unraveling of the blood-testing juggernaut prompted criminal charges in California federal court against both Balwani and Theranos founder Elizabeth Holmes, who on Nov. 18 was sentenced to more than 11 years in prison . Sunny Balwani, former president of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Dec. 7, 2022. "I am responsible for everything at Theranos," Balwani said in a message to Holmes. Balwani's sentencing in federal court marks the end of the Theranos saga, which enthralled the public and prompted documentary films and novel treatments. "Kill the old Elizabeth," Balwani purportedly told her.

☆ Zelenskyy's TIME Person of the Year Award is proof that resilience is the most important trait any leader can have
▼ + stars: | 2022-12-07 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +12 min

He embodies valor and resilience, traits business leaders should exhibit in tough times. The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. "President Zelenskyy remains focused on his core assignment.

☆ The 5 best leadership books I read this year — and what they taught me about running a company
▼ + stars: | 2022-12-06 | by ( David Siegel | ) www.businessinsider.com time to read: +5 min

For a roadmap for effective, kind leadership and smart decision-making, he shares 5 book recommendations. Publishing a leadership book gave me a newfound perspective on the genre. Here are the top five leadership books I read in 2022 and why I found each one particularly enriching. After reading The Promise of a Pencil, I learned how seemingly small acts can make a world of difference in communities. For anyone considering executive coaching or looking to find a coach, this book is a must-read.

☆ Man behind the iPod launches new cryptocurrency wallet
▼ + stars: | 2022-12-06 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

LONDON, Dec 6 (Reuters) - Tony Fadell, a well-known Silicon Valley executive known as the father of the iPod, on Tuesday unveiled his latest project - a hardware wallet used to store cryptocurrency offline. Now Fadell has teamed up with Ledger, the French technology firm, to design a new offline cryptocurrency wallet. Previous models released by Ledger, such as the Nano S and Nano S, have been shaped like USB memory sticks. Fadell's new design, the Ledger Stax, is a credit-card sized device featuring a curved spine and electronic-ink display. The Ledger Stax will sell for $279 online from early 2023.

The answer is simple, according to more than a dozen Washington insiders, FTX employees, and crypto industry observers who spoke with Insider. I don't think anyone believed that he was going to fund candidates who were, quote unquote, committed to ending pandemics who were also hostile to the crypto industry." Alex Wong/Getty ImagesRebuffed by the SEC, Bankman-Fried turned his attention to Congress. "It's not that he was welcoming regulation," says the senior figure in the crypto industry who attended meetings with Bankman-Fried. But while Bankman-Fried was busy wooing Washington, FTX was about to become Exhibit A in the case for more effective oversight of the crypto industry.

☆ Today's Google Doodle features a Silicon Valley trailblazer who knew Steve Jobs and Wozniak—and 'was not impressed with them'
▼ + stars: | 2022-12-01 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Today's Google Doodle highlights a little-known piece of Silicon Valley history. The animation recognizes tech and gaming pioneer Jerry Lawson, one of the few Black engineers working in the tech industry in the 1970s. The console was a flop with consumers, but it changed the gaming industry forever by featuring the first-ever removable video game cartridges. A different figure from those early tech days made a much larger impression on Lawson: Allan Alcorn, creator of the iconic video game "Pong." The conversation prompted Lawson to start building his own coin-operated video game in his garage, called "Demolition Derby."

☆ Morgan Stanley CEO James Gorman defends Elon Musk amid layoffs and chaos at Twitter - and says he's not concerned about the bank's massive loan to the Tesla exec
▼ + stars: | 2022-12-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Morgan Stanley's James Gorman defended Elon Musk amid Twitter chaos on Thursday. There have been layoffs and chaos around user verification at Twitter since Musk's takeover. "Twitter is a great company, and Elon Musk is an extraordinary executive. Everyone exited was offered 3 months of severance, which is 50% more than legally required," Musk tweeted on Nov. 4. Gorman says he's unbothered by Musk's social media presence.

☆ Elon Musk has criticized Apple for years. Apple has mostly ignored him.
▼ + stars: | 2022-11-30 | by ( Kif Leswing | Lora Kolodny | ) www.nbcnews.com time to read: +9 min

This week, Musk claimed in a tweet that Apple had mostly stopped advertising on the Twitter platform. Apple is not alone in reducing its campaigns on the social media platform since Musk took over. If the so-called “Apple Car” ever came to market, Tesla and Apple would be direct competitors. Cook and MuskHave Apple CEO Tim Cook and Musk ever spoken in depth? Around 2016, according to the book, Musk and Cook spoke about Apple potentially acquiring Tesla.

☆ 13 behind-the-scenes executives leading Apple's $5 billion advertising division
▼ + stars: | 2022-11-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +10 min

Right now its roughly $5 billion-in-revenue ads business largely consists of search ads sold within the App Store. It's been a big year for Apple's ad division. We asked more than a dozen advertising industry insiders and former Apple advertising staffers to identify the most important executives building Apple's advertising business. Teresi's ascent coincides with the explosive growth of Apple's ad business in recent years. A digital advertising veteran — having held senior roles at Yahoo, Quantcast, and Adobe — Teresi joined Apple in 2012 as vice president for its iAd division.

☆ Simu Liu stars in 'The Simpsons' episode as Lisa's tech billionaire husband
▼ + stars: | 2022-11-28 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +1 min

Actor Simu Liu made an appearance Sunday on the latest episode of “The Simpsons” as Lisa Simpson’s future “visionary tech giant” husband. The episode includes multiple time jumps, beginning with with Nelson and Lisa reuniting before her college graduation. The time jumps that follow include Hubert and Lisa’s separation, their reconciliation and Nelson and Lisa’s reunification once again. Liu went to Instagram to share his excitement for the recent episode. “The Simpsons” also welcomed Simu and his character to the show’s universe on Twitter after the episode aired.

☆ Apple's App store has become an ad-infested imitation of its former self, which is not good for iPhone users or developers
▼ + stars: | 2022-11-28 | by ( Michael Gartenberg | ) www.businessinsider.com time to read: +7 min

Apple used to carefully curate its App store, helping developers gain visibility and customers find what they needed. These days, it seems to be more about maximizing Apple's revenue than serving customers or helping developers flourish. Thus, the App store was born to give iPhone's beautiful hardware and elegant operating system thousands of apps, created by programmers running their own app businesses. Now, after 15 years of iPhones, I find the App store to be an imitation of its former self. The developer had gone to great lengths to try to show how copycat apps slipped through Apple's app review system.

☆ Buying new iPhone for better camera, battery, faster chip? Cybersecurity got an upgrade, too
▼ + stars: | 2022-11-25 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +6 min

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022. Improved low-light photo abilities and the extended battery life may have appeal than security upgrades on the new Apple iPhone 14, iPhone 14 Plus, iPhone 14 Pro or iPhone 14 Pro Max. While in Lockdown Mode, phone calls, plain text messages and emergency features will continue to work. The switch to eSIM-only phonesSteve Jobs never wanted the original iPhone to have a SIM card tray, and the iPhone 14 models are finally achieving this goal. All iPhone 14 models purchased in the U.S. are eSIM-only, which enables users to easily connect and transfer their plans digitally.

☆ Out with the new and in with the old: Why companies from Starbucks to Disney are bringing back their old CEOs to run the companies again
▼ + stars: | 2022-11-23 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

There are perhaps hundreds of qualified candidates for the job of Disney's CEO. After all, returning CEOs have mixed track records. Iger was Disney's CEO for 15 years — presumably, he won't need much onboarding. In the best-case scenario, the returning CEO has learned more in the time since leaving the post. Indeed, there's always the risk that a returning CEO leans too heavily on their former experience.

☆ 'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend
▼ + stars: | 2022-11-22 | by ( David Randall | ) www.reuters.com time to read: +5 min

NEW YORK, Nov 22 (Reuters) - Can Walt Disney Co (DIS.N) bank on another hit sequel? That appears to be the hope behind the company's surprise decision to bring back former chief executive Bob Iger to replace Bob Chapek. During his first tenure from 2005 to 2020, Disney's annualised shareholder returns were more than 14%, well above its rival Comcast Corp (CMCSA.O) and the broader stock market, and in total in that period the stock rose more than 400%. Yet there are reasons to think that Disney may have made the right decision in bringing back Iger, Bingham said. “I think this is a game-changer," said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, about Disney.

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