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Twitter acquires online abuse management firm

“Twitter has agreed to acquire Smyte, a San Francisco-based online abuse management company that specializes in safety, spam, and security issues” reports wraltechwire.com. Twitter said it will integrate the Smyte technology in its systems and operations in coming months.Twitter says Smyte’s technology and mission are aligned with its focus on “improving the health of conversation on Twitter.” Financial terms were not disclosed.In a statement on the Twitter Safety blog, the company said, “The Smyte team has dealt with many unique issues facing online safety and believes in the same proactive…

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Britain’s ‘best CEO’ shares his advice for getting the most out of staff

“While he doesn’t claim to subscribe to any particular school of management, Flint believes his style is that places informality at its heart” writes Will Martin for businessinsider.com. Be nice, friendly, and approachable, Flint says, and you’ll get the best out of your employees every single time. Source: businessinsider.com Share This:

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Crypto News 

Rich people become cryptocurrency fans, want better advice: survey

“Still, only around a third said they had got information about cryptocurrencies from their wealth managers” writes Midwest Communications Inc for 95kqds.com. Rich people’s enthusiasm for digital currencies swelled last year, with 29 percent of millionaires expressing a high degree of interest in buying or holding cryptocurrencies and nearly 27 percent somewhat interested, the survey found. Source: 95kqds.com Share This:

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Abu Dhabi Financial Group unit offers to buy Abraaj’s investment management arm

“A unit of Abu Dhabi Financial Group has made a conditional offer to buy private equity firm Abraaj’s investment management business for $50 million, according to a document reviewed by Reuters” writes unknown author for cnbc.com. The offer from Abu Dhabi Capital Management (ADCM) is well below the $125 million offered by New York-based private equity firm Cerberus Capital Management before Dubai-based Abraaj filed for provisional liquidation in the Cayman Islands last week. Since the dispute went public early this year, Abraaj has split its investment management business and holding…

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Brokers News 

Wells Fargo considers combining wealth management divisions

“During the bank’s investor day conference in March, Jon Weiss, head of wealth and investment management, said Wells Fargo is exploring ways to increase efficiency among the bank’s wealth businesses” writes unknown author for cnbc.com. The two divisions — the private client group overseen by David Kowach and wealth brokerage services overseen by Jay Welker — have long overlapped.Wells Fargo said Monday it is considering restructuring and possibly combining two of its retail brokerage businesses, a move to increase efficiency among the two legacy units.Wealth brokerage services, which employs brokers…

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Wells Fargo to restructure wealth management business: WSJ

“(Reuters) – Wells Fargo & Co is expected to announce a restructuring of its wealth management business, the Wall Street Journal reported on Monday, citing people familiar with the matter” writes Midwest Communications Inc for 95kqds.com. The bank is planning to combine two large divisions within the business, known internally as wealth brokerage services and private client group, the report https://on.wsj.com/2MB5WwZ said.Wells Fargo is expected to share some information about the changes this week in an internal memo to some employees, the report said, adding the bank may share more…

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Here’s the management theory that John Doerr regards as one of the most tested and proven in the last 50 years

“The theory explains that hard goals “drive performance more effectively than easy goals,” and that “specific hard goals ‘produce a higher level of output’ than vaguely worded ones.”” writes Prachi Bhardwaj for businessinsider.com. Getting the most out of people can be as simple as setting more difficult goals instead of easy ones, according to a management theory that renowned venture capitalist John Doerr calls “one of the most tested, and proven, ideas in the whole of management theory” in the last 50 years. Source: businessinsider.com Share This:

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How Marketers Can Connect Profit and Purpose

“In interviews with over 20 CMOs and CEOs, a remarkably similar pattern emerges about how marketers are connecting profit and purpose across a highly diverse set of companies” reports hbr.org. The fusion of profit and purpose is a journey more than a destination.Their experience provides a roadmap for others looking to fuse profit and purpose. Source: hbr.org Share This:

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BIS wants tighter rules for funds offering credit, fintech

“The macroprudential perspective should be extended to asset management funds to address these concerns,” the BIS said” writes Midwest Communications Inc for 95kqds.com. These funds are known as shadow banks because they also offer credit.But close cooperation was needed between regulators and central banks to deal with risks to the wider financial system, the BIS said.The Financial Stability Board, based at the BIS in Basel, Switzerland, said in March that shadow banking from open-ended bond funds, hedge funds, money market funds and other types of funds rose 7.6 percent to…

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The Death of Supply Chain Management

“Clearly, the death of supply chain management as we know it is on the horizon” reports hbr.org. New digital technologies that have the potential to take over supply chain management entirely are disrupting traditional ways of working.The trend is clear: Technology is replacing people in supply chain management — and doing a better job.But when planning, purchasing, manufacturing, order fulfillment, and logistics are largely automated, what’s left for supply chain professionals?. Similarly, a steel company built a customized scenario-planning tool into its control tower platform that increases supply chain responsiveness…

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