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Fact-Checking a Facebook Executive’s Comments on Russian Interference

“After initially dismissing concerns that it influenced the 2016 election, Facebook has announced a series of moves to prevent its future misuse” writes Sheera Frenkel for nytimes.com. The indictment does show that Russian operatives used social media — particularly Facebook — to try to sow division among Americans. Source: nytimes.com Share This:

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Toyota’s new execs see a crisis

“Toshimitsu Imai, the new CEO of Toyota’s Africa operations, comes from group trading company Toyota Tsusho Corp” writes Hans Greimel for autonews.com. Some of Toyota’s newly named executives at their first public gathering last week: Although from different backgrounds and even different companies, they all share President Akio Toyoda’s view that an industry crisis is looming.Photo credit: HANS GREIMEL Some of Toyota’s newly named executives at their first public gathering last week: Although from different backgrounds and even different companies, they all share President Akio Toyoda’s view that an industry…

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Research: What Happens to a Startup When Venture Capitalists Replace the Founder

“We followed these companies through the summer of 2017 to ascertain the connection between founder replacement and startup performance” reports hbr.org. When a startup founder seeks external funding, they may worry about losing control over their company — with good reason.Between 20% and 40% of startup founders are replaced at the behest of their investors.Ideally, the replacement founder would be a senior executive with relevant industry experience.Therefore, we conclude that founder replacement, although it typically takes place among struggling startups, is beneficial on the whole. Source: hbr.org Share This:

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Rupert Murdoch threatened Mark Zuckerberg in 2016 with a war over Facebook

“News Corp denied it would mobilize its journalists against Facebook, although unnamed Facebook executives said they believed at the time that would happen” writes Drew Angerer for cnbc.com. But Murdoch, who had owned once-dominant social media site MySpace, covertly waged war against Facebook over News Feed beginning in 2016, Wired reported, citing unnamed sources. Source: cnbc.com Share This:

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White Collar Watch: What the Wells Fargo Crackdown Signals to Corporate America

“But this provision has not been used against corporate executives who did not have any direct involvement in the criminal violations” writes White Collar Watch for nytimes.com. Other large banks will no doubt pat themselves on the back for not engaging in the types of customer abuses that put Wells Fargo in its current position.Unlike banks, most corporations have little fear that a civil regulator might take actions that cost executives or directors their jobs. For those looking at this as a harbinger of a federal crackdown on corporate misconduct,…

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GBP News 

Nissan slashes profit forecast as executives discuss Brexit at No 10

“The profit warning came as executives from the car maker, along with other Japanese business leaders, met with Prime Minister Theresa May and Ministers in Downing Street” writes Alan Tovey for telegraph.co.uk. Nissan said revenues in the nine months to the end of December were 3.2pc higher at 8.5 trillion yen, thought profits fell 27.6pc at 364bn yen.The company also reduced full-year sales forecasts by 50,000 to 5.78m vehicles.The company had to halt production in Japan for several weeks and the furore caused sales to more than halve in October,…

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Nominations open for Black British Business Awards’ fifth anniversary

“Top business talent from the black community will be recognised at a major London event which will celebrate its fifth anniversary this year” writes Bradley Gerrard for telegraph.co.uk. The Black British Business Awards has paid tribute to top black British executives and entrepreneurs since 2014 and has this month opened up the nominations process ahead of the October event. Melanie Eusebe, chair and co-founder of the Black British Business Awards, said the event had in its five years celebrated more than 150 enterprising black business professionals who “continue to shatter…

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Former Apple Executives Launch New Social Gaming Broadcast Service ‘Caffeine’

“Two former Apple executives have today launched a new game broadcasting service called Caffeine , which allows users to watch and broadcast games and other entertainment on Mac, PC, and iPhone” writes Am Pst for macrumors.com. If you’re interested you can find the desktop site at caffeine.tv and the iPhone app on the iOS App Store [ Direct Link ].In a press release, the company likened Caffeine to Amazon’s Twitch platform, “only easier, safer, and more social.”Caffeine was founded by Ben Keighran and Sam Roberts, a former product design lead…

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When a Compliance Program Becomes a Competitive Advantage: A Q&A With SAP’s Thack Brown

“FEI Daily spoke with Thack Brown, General Manager and Global Head of Line-of-Business Finance at SAP, about the elements of a well-designed compliance initiative” writes Olivia Berkman for financialexecutives.org. While it can sometimes be a financial and resource drain on the business, a comprehensive compliance and risk framework can create strategic advantage.Thack Brown: They way companies have traditionally reacted to compliance-related topics, has always been about ticking the box.The first thing is, make sure that the compliance program is adding value, in terms of insight to the business.There’s no doubt…

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Marc Benioff brings an A.I. machine called Einstein to his weekly staff meeting

“For the past year, weekly senior staff meetings at global firm Salesforce have been attended by an artificial intelligence (AI) machine known as “Einstein.”” writes Adam Galica for cnbc.com. Benioff said that after he has worked around his room of executives he then quizzes his AI assistant.Speaking on a panel at the World Economic Forum (WEF) in Davos, Switzerland, Benioff was asked to cite an example of how AI could help the world crunch big data. “I ask Einstein, ‘I heard what everybody said but what do you actually think?’”.…

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