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Highly successful people overcome them by having "prodigious amounts of productive paranoia," according to multi-time bestselling author and leadership expert Jim Collins. "The question is not if bad things will happen, it's when," Collins said last week at the 2023 World Business Forum summit. Sometimes, productive paranoia takes the shape of over-preparing for a presentation so you can anticipate every possible question your audience might ask. Constantly thinking about potential futures — both good and bad — is the type of productive paranoia that all professionals should have, Collins said. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Jim Collins, Collins, Jenny Maenpaa, Warren Buffett Organizations: CNBC Locations: New York
Activist Commentary: Elliott is a very successful and astute activist investor, particularly in the technology sector. In January 2017, the firm filed a 13D on NRG with a plan centered around operational improvements and portfolio actions. As part of its plan, Elliott suggested that NRG focus on its core businesses by reducing costs, monetizing non-core assets to simplify its portfolio and paying down debt. To effectively oversee this plan, Elliott believes that the board needs new independent directors with expertise in the power and energy industry. "Strong management will be key to the success of the Repower NRG Plan," and "significant changes are needed."
Persons: Elliott, Vivint, Jim Collins, Collins, Ken Squire Organizations: NRG, 13D Locations: COOs, Texas
"Succession" is filled with instructional business tales – some about what to do and some about what not to do. To tease out key money lessons, we talked to a few leaders in the financial world about their best takeaways. “Someone once told me, ‘All money is green, but not all board members are the same.’ That stuck with me. Liz DavidsonFounder & CEO, Financial Finesse; Author, “Money Strong”Money lesson: Focus on financial independence so you can fulfill your true purpose“The purpose of money is to live your own purpose, but the Roy children are extremely tied financially to their father. You’ll see in Succession where they are compromising on talent by ignoring their paid experts in favor of family.
A solo Ticketmaster might attract financial fans
  + stars: | 2022-12-15 | by ( Jennifer Saba | ) www.reuters.com   time to read: +8 min
NEW YORK, Dec 15 (Reuters Breakingviews) - The drums are beating louder for a breakup of Live Nation Entertainment (LYV.N). For Live Nation, it’s not entirely clear that the flywheel is spinning smoothly. Live Nation says it is so dominant because it’s so much better than the competition. Putting the complicated legal and regulatory questions aside, there’s probably a financial case for Ticketmaster to become a solo act. Live Nation merged with Ticketmaster in 2010.
InsiderStudies and surveys suggest small-business owners and entrepreneurs are at risk of burnout. This article is part of Talent Insider, a series containing expert advice to help small business owners tackle a range of hiring challenges. Some studies suggest that small-business owners and entrepreneurs are particularly at risk. In a survey conducted in March by Capital One, 42% of small-business owners said they'd struggled with burnout in the past month. Insider spoke with three experts, including a highly successful serial entrepreneur, about how founders and small-business owners can keep burnout at bay.
Tom Bureau has been the CEO of the publisher Immediate Media for more than 10 years. He shares his five tips for hiring and retaining happy, motivated staff. Tom Bureau, who's been Immediate's CEO since the company was formed in November 2011, has a 99% approval rating based on 115 voluntary, anonymous employee reviews on the site. Bureau shared with his Insider his top five tips for keeping staff happy. He continued: "If you are going to work, it better work for you, and it better be fun.
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