asterisk2a + package   22

Option Games: Common Stock Values Get Murkier — The Information
Valuing common stock has gotten trickier for startups. The growing number and complexity of rights on preferred shares are causing companies to adjust their reasoning around how much their common stock is worth, according to firms providing the valuations and lawyers overseeing them. But companies still have a lot of discretion, a reminder that how startups calculate their value frequently bears little relation to big funding headlines. [...] Valuations of startup firms’ common stock for employee option grants has been complicated by increasing complexity of rights on preferred stock and secondary market transactions. [...] [ !!! Snapchat offered common stock only in recent (May 2015) investment, Alibaba & two hedge funds were ok with it. But further termsheet details (liquidation preferences) unknown. Existing holders of common stock (employees) could be diluted massively, in future, ie Snapchat has a down round in the future/eventual IPO - on.wsj.com/1KICv8H &! bit.ly/1iiJw3G ]
cap  table  liquidation  preferences  common  stock  employee  option  grants  Start-Up  advice  Start-Up  lesson  HR  human  resources  compensation  package  valuation  Unicorn  Decacorn  preferred  stock  termsheet  Venture  Capital 
september 2015 by asterisk2a
QVC Owner Buys Zulily: Bloomberg West (Full Show 8/17) - YouTube
etsy is a marketplace stupid. // once they saturated their category/market, the growth tapers off! especially home market & then they have 2 fund through IPO international expansion; ie etsy. & will hit on competition, obviously. // &! min 16 discussion on Amazon corporate culture & values! & stock based compensation package. // &! Amazon: How Bruising a Workplace Is It? - youtu.be/CJKkRMMaF7c 'extraordinary demanding workplace, and high turnover' 'exceptional company, what every they do, its working' 'up or out' 'unique culture by a company of that size' // &! youtu.be/qo9b8CtSqqE - 'unreasonable high standards' 'feedback system enables backstabbing' 'they call it purposeful Darwinism: staff ranking' 'GE dropped it' [ personal note: I think u still have the sort of responsibility (moral/ethical/hr as CEO) 2 help & coach ur worst performers, before firing them with compensation package (making them go), balance! also no charity ] &! youtu.be/NpiPc3gPeYY &! youtu.be/YtUhvnXF3Yc
Zulily  e-commerce  flash  sale  IPO  Wall  Street  profit  maximisation  shareholder  value  Etsy  M&A  eBay  vertical  category  Start-Up  lesson  Start-Up  advice  Silicon  Valley  growth  round  Amazon  compensation  package  compensation  Office  Politics 
august 2015 by asterisk2a
The Guardian view on top pay: filthy riches | Editorial | Comment is free | The Guardian
Often explained away by unstoppable market forces, runaway top pay is in truth just as much a product of institutions and culture. Smart centrists should not leave the issue to the leftist fringe [...] Meanwhile for taxpayers, still sore at being passed a bill by bankers who had previously enjoyed bumper bonuses, runaway top salaries will invite scepticism, if not rage.
bonuses  bonus  CEO  pay  compensation  compensation  package  inequality  Super  Rich  1%  Wall  Street  profit  maximisation  shareholder  value  corporate  values  corporate  culture  corporate  governance 
august 2015 by asterisk2a
Chief executives earn '183 times more than workers' - BBC News
[ there is no correlation between CEO pay and performance ] // FTSE 100 CEO's earn on average 183 times more than a full-time worker, research suggests. A report by the High Pay Centre, a think tank which monitors income distribution, showed that top bosses earned on average £4.964m in 2014. That compares to £27,195 median pay for a full-time employee in 2014, according to official figures. The High Pay Centre said the executive pay packages went "far beyond what is sensible...to inspire top executives." "Pay packages of this size go far beyond what is sensible or necessary to reward and inspire top executives," said Deborah Hargreaves, director of the High Pay Centre. "It's more likely that corporate governance structures in the UK are riddled with glaring weaknesses and conflicts of interest." [...] [TUC calls] institutional investors to "use their clout to draw a line in the sand over CEO pay". [...] CBI [...] only ever justified by "exceptional performance"
CEO  pay  compensation  compensation  package  mainstreet.org  Wall  Street  shareholder  value  profit  maximisation  intrinsic  motivation 
august 2015 by asterisk2a
Headline Numbers: How do you measure inequality? - BBC News
Research from the Institute for Policy Studies found that in 2014, bonuses paid to Wall Street employees had been double the total annual pay earned by all Americans who worked full-time at the federal minimum wage. I crunched the numbers and it turned out that the same was true for the UK. [...] The Office for National Statistics (ONS) had figures out on Wednesday based on the definition that people were in poverty if their income was below 60% of the median level (to find the median income, line up all the people in the country in order of income and take the middle one). It found that almost a third of the UK population had experienced poverty in at least one of the years between 2010 and 2013, which is very high by European standards. The OECD sets out a summary of what has happened to examples of all three of these measures. Across its 34 member countries, the Gini Coefficient rose gradually from 1996, fell slightly for the financial crisis and then resumed its upward path.
inequality  Gini  coefficient  income  inequality  income  growth  minimum  wage  Niedriglohnsektor  working  poor  precarious  work  Precariat  Zeitarbeit  Werkvertrag  Leiharbeit  Western  World  bonuses  bonus  compensation  package  1%  Super  Rich  squeezed  middle  class  working  class  Blue-collar  Worker  tax  code  taxation  tax  evasion  tax  avoidance  living  wage  standard  of  living  living  standard  disposable  income  discretionary  spending  UK  USA  GDP  Service  Sector  Jobs  Share  Economy  knowledge  knowledge  Mobile  Creatives  Mobile  Creative  Future  of  Industrial  Revolution  2.0  Software  Is  Eating  The  World  competition  differentiate  differentiation  borderless  flat  globalisation  globalization  capital  gains  Wall  Street  recovery  ZIRP  NIRP  QE  TARP  POMO  bailout  Career  Politicians  No  Representation  democracy  lobbyist  lobby  Lobbying  Workers  Union  presidency  barackobama  revolving  door  Washington  trust  confidence  poverty  child  poverty  poverty  in  old  age  food  poverty  income  distribution  income  mobility  income  redistribution  downward  mobility  social  mobility  austerity  welfare  welfare  state  Services  Public  Services  social  safety  net  IMF  OECD  GFC  social  tension  social  cohesion 
may 2015 by asterisk2a
The last word on Piketty | 11.11.2014 - YouTube
min 1:05:00 - biggest injection of equality into the system has been free education, free health care, pension provision and elderly car, child care, unemployment benefits, disability benefits, low income tax credits, minimum wage, workers protection and representation (unionisation), affordability of a lawyer/solicitor, ... - which are being dismantled, where they were available, ... // what they don't talk about is - tax evasion - ppl able to play the system = unworthy increase in wealth and income // competitiveness breeds inequality (with rising labour supply/surplus + Industrial Revolution 2.0 [creating more revenue with less people needed, more people competing for smaller available pie]) - globalisation, flat world, borderless << Seth Godin 'being remarkable, differentiate, Start-up of You (reid hoffmann)' // opportunity >> social mobility, income mobility, gini coefficient // & being lucky and continue taking rent based on your luck // asymmetry of information (arbitrage) - SV
Thomas  Piketty  austerity  Public  Services  Social  Services  Western  World  welfare  state  policy  error  hartz-iv  ALG2  Aufstocker  minimum  wage  Workers  Union  Soziale  Marktwirtschaft  sovereign  debt  crisis  fiscal  policy  Europe  Schuldenbremse  tax  evasion  tax  avoidance  Makers  Career  Politicians  No  Representation  democracy  fairness  unrecht  Capitalism  crony  bailout  Wall  Street  shareholder  value  profit  maximisation  exploitation  Gini  coefficient  income  inequality  inequality  lobbyist  lobby  Lobbying  competition  mobility  income  mobility  borderless  flat  globalisation  globalization  competitive  competitiveness  advice  vocational  education  education  policy  continual  education  Liberal  Arts  1%  Super  Rich  CEO  compensation  package 
may 2015 by asterisk2a
Forget the Verizon-AOL deal. The big wave in tech M&A is just getting started. | PandoDaily
The all-cash AOL deal may drain Verizon’s cash reserves, but consider that Verizon generated $10 billion in operating cash flows last quarter – on top of $113 billion in total debt. [W]hats another $4.4 billion in loans, especially when interest rates are as cheap as they’ve ever been? // &! S&P 500 Companies Spend Almost All Profits on Buybacks - bloom.bg/1ECu06U // &! Companies have been gobbling up their own shares at an exceptional rate. There are good reasons to worry about this [...] The companies in the S&P 500 index bought $500 billion of their own shares in 2013, close to the high reached in the bubble year of 2007, and eating up 33 cents of every dollar of cashflow. [...] [$650 billion of cash overseas] [ leading firms to skimp on long-term investment] [firms are being sensible by restraining investment in the face of economic uncertainty] - econ.st/1t90jry //
M&A  Stock  buyback  productive  investment  underinvestment  GFC  bubble  asset  allocation  Wall  Street  shareholder  value  profit  maximisation  ZIRP  NIRP  QE  2015  speculative  bubbles  speculative  speculation  asset  bubble  equity  bubble  Amazon  Apple  s&p500  recovery  austerity  Western  World  secular  stagnation  hunt  for  yield  compensation  zombie  corporations  zombie  banks  dividends  offshore  Taper  fiscal  policy  monetary  policy  economic  history  long-term  view  long-term  thinking  short-term  thinking  short-term  view  compensation  package  golden  parachute  marginal  cost  economics  of  abundance  Moore's  Law  capital  expenditure  corporate  investment  uncertainty  Europe  USA  Career  Politicians  policy  folly  policy  error  PIGS  infrastructure  investment  business  investment  digital  economy  knowledge  economy  job  creation  Industrial  Revolution  2.0 
may 2015 by asterisk2a
Dogged by a Slowdown, Obama Lauds Car Revival - NYTimes.com
The government has all but run out of tools to fix things. The boost from Mr. Obama’s two-year stimulus package is waning, and Republicans have worked hard to convince many voters that the tax cuts and spending did not work in the first place — a contention that many economists dispute. Senate Republicans have blocked Mr. Obama’s additional stimulus initiatives, including aid to the states and the long-term unemployed and, on Thursday, a package expanding tax cuts and lending assistance for small businesses.

Moreover, the economic slowdown is certain to embolden Republicans in arguing against letting the Bush income tax cuts for the wealthy expire as scheduled by law after this year, as Mr. Obama wants, to help reduce the federal debt.
presidency  barackobama  usa  2010  stimulus  package  politics 
august 2010 by asterisk2a
Bob Janjuah: "This Is An Uber Bear Early Warning Alert...Major Risk Asset Sell Off Will See S&P Into 800s...The Fed Will Start New $5Tr QE Program" | zero hedge
First please refer back to my last comment, dd 26th April (Bob's World: What an idiot!)....2 takeaways from this note in particular - 1) my bearish trading call on risk assets, looking for a 10%/10%+ S&P selloff over late Apr and May from the 1220 level, driven by sovereign concerns, was spot on - maybe not bearish enough!, and 2) the point of market and taxpayer revulsion with the horrendous Keynesian/monetarist nightmare forced upon us by policymakers has come to bear. Sovereign limits and sovereign credibility concerns are not now a future risk - they are HERE. The enormous failure here is that the private sector has barely had time to catch a breath, let alone develop any form of self sustaining private sector recovery, before these limits have already begun to hit home.

As I have been saying for many months, the TRUE underlying private sector trend is one of DEFLATION (balance sheet repair thru reduction of nominal debt levels).

China in Bear territory.
Keynesianism  keynes  public  sector  bubble  debt  sovereign  2010  s&p500  PIIGS  UK  USA  2011  concerned  growth  balancesheet  recession  recovery  greatrecession  richardkoo  infaltion  deflation  policy  China  stimulus  package 
may 2010 by asterisk2a
Abstimmung im Parlament: Bundestag sichert sich Pseudo-Notbremse bei EU-Krediten | FTD.de
Im Gesetzentwurf ist vorgesehen, dass Deutschland von einem europaweiten Gesamtpaket von 750 Mrd. Euro Gewährleistungen bis zur Höhe von 123 Mrd. Euro übernehmen soll. Die Kredite sind als Nothilfe zum Erhalt der Zahlungsfähigkeit eines zahlungsunfähigen Mitgliedstaates vorgesehen. Bei "unvorhergesehenem oder unabweisbarem Bedarf" könnte die Garantieermächtigung mit Einwilligung des Haushaltsausschusses um 20 Prozent überschritten werden.
PIIGS  Greece  may  EMU  bailout  Germany  package  2010 
may 2010 by asterisk2a
Economist Warns of Public Bubble - Real Time Economics - WSJ
The U.S. economy has traded a public bubble for a private one, according to this forecast by California forecasting firm Beacon Economics.

The firm’s stance is that the $787 billion federal stimulus package and the Federal Reserve’s near-zero interest rates have propped up the economy but will prove unsustainable and are actually exacerbating some of the imbalances that led to the recession. “The nation seems to be trading in its private bubble for a public one, swapping one set of unsustainable economic drivers for another,” the report said.
bubble  public  debt  deficit  budget  usa  2010  outlook  forecast  benbernanke  interestrate  private  treasuries  stimulus  housing  TARP  toxicassets  losses  accounting  property  inflation  savings  consumption  package  greatrecession  recovery  double-dip  recession  deflation  richardkoo  KennethRogoff 
april 2010 by asterisk2a
Signs Suggest Stimulus Plan Has Lifted Economy - NYTimes.com
A report card on the stimulus plan offered by analysts nearly six months after it was passed by Congress suggests that the punch from increased government spending has helped the economy begin to bottom out faster than it would have otherwise. The tax cuts included in the plan, economists said, have had less of an impact because people tended to save the money or use it to pay down debt rather than spend it.

The effectiveness of the stimulus package has emerged as one of the most pressing concerns facing the White House. The government will release a jobs report on Friday that is expected to show that the unemployment rate ticked up in July from 9.5 percent in June, providing Republicans and conservative economists new ammunition to argue that the stimulus has been a waste of taxpayer money.
stimulus  package  2009  recession  recovery  debt  private 
august 2009 by asterisk2a

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