Daily Archives: September 18, 2014

Fortune ranks Indra Nooyi 3rd most powerful women in business


PepsiCo’s India-born CEO Indra Nooyi has been ranked third most powerful businesswoman by Fortune, the only Indian-origin woman on the 2014 list topped by IBM Chairman and CEO Ginni Rometty and General Motors CEO Mary Barra.

Fortune said nearly half the women on ‘The Most Powerful Women in Business 2014’ list run huge companies, which is a record and “all are working hard to transform their businesses.”

Nooyi, 58, dropped from the second position she held last year to third. Fortune said her innovation push is paying off at PepsiCo, which has increased research and development spending by 25 per cent since 2011.

In 2013, of 50 bestselling new food and beverage products in the US, nine came from PepsiCo — Starbucks Iced Coffee, Muller Quaker Yogurt, and Mountain Dew Kickstart.

“In July the company raised its profit growth forecast for the year, which should help Nooyi counter calls by activist investor Nelson Peltz to break up the food and beverage giant,” the publication said.

Topping the list for the third time is Rometty, whose strategy of investing in new technologies is showing results.

Even though IBM’s revenue declined for the second consecutive year, falling nearly 5 per cent to USD 99.8 billion in fiscal 2013, its revenue rose 69 per cent for each division last year.

Rometty has also signed strategic partnerships, such as a deal with Apple to provide IBM’s services on the iOS platform.

Rometty has also pledged to invest USD 1 billion in the development and commercialisation of the cognitive computing system, another future growth area for the company.

Making a huge jump in the rankings is General Motors CEO Mary Barra, who is ranked second this year up from the 29th position last year.

Barra became the auto industry’s first female CEO in January and promptly faced GM’s largest vehicle recall ever, 29 million so far from a faulty ignition switch linked to at least 13 deaths since 2005.

The list also includes aerospace and defence giant Lockheed Martin’s Chairman, CEO, and President Marillyn Hewson at number 4, bioscience firm DuPont CEO Ellen Kullman at rank 5 and Hewlett-Packard Chairman and CEO Meg Whitman on the 6th position.

Facebook’s Sandberg slipped in the rankings from fifth postion to 10th. Fortune said last year was all about Sandberg as her bestselling book ‘Lean In’ helped her become the face of corporate gender equality.

“This year is all about Facebook. Its 2013 profits jumped an astounding 2,730 per cent, mainly because of increased revenue from mobile ads, and it announced huge deals in early 2014 to acquire virtual-reality company Oculus VR for over USD 2 billion and buzzy messaging platform WhatsApp for USD 19 billion,” Fortune said.

As CEO Mark Zuckerberg’s number two, Sandberg remains “crucial to the company’s long-term strategy”.

She’s also the best-paid woman on the list, making USD 38 million last year.

The list also includes aerospace & defence company General Dynamics’s CEO Phebe Novakovic on rank 11, Oracle Co-president Safra Catz (14), Xerox Chairman and CEO Ursula Burns (17), Procter & Gamble Group President, North America Melanie Healey (18), YouTube CEO Susan Wojcicki (19), Intel President Renée James (21), Avon CEO Sheri McCoy (27), Apple Senior Vice President, Retail and Online Stores Angela Ahrendts (29) and CEO, Asset Management at JP Morgan Chase Mary Erdoes (32).


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Scotland’s independence hinges on 170,000 ‘don’t know’ votes

The future of UK hangs in balance as Scotland votes in a referendum to decide the fate of its 307-year-old union with England.

Some 52 per cent of Scots are expected to vote to stay in the union while 48 per cent favouring independence, according to pre-poll surveys.

But some 170,000 voters, however, are still undecided, and will play a key role in the final outcome.

So far, the poll, which began at 7 am, left the No camp with just a two-point lead.

The turnout for the referendum was expected to be extremely high, with 95 per cent claiming that they are certain to vote, Daily Mail reported.

Facing the biggest internal threat to the UK since Ireland broke away nearly a century ago, Britain’s who’s who from Prime Minister David Cameron to corporate bigwigs and the princes of pop-culture have come together in a last-ditch effort to convince Scots that UK is “better together.”


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Are YouTube, Facebook, Twitter hiding female abuse data?

New York: Are YouTube, Facebook and Twitter hiding responses related to female harassment? If we believe a new study, the social media firms are not faring well on publishing abuse-reporting data.

The report, released as part of the Association for Progressive Communications’ “Take Back the Tech” campaign and commissioned by the Dutch government, analysed the microblogging site Twitter, social networking site Facebook, and video-sharing site YouTube’s user policies and their public response to international abuse incidents over the past five years.

It analysed the statistics from the three social media firms over the past five years, researching their responses and transparency regarding harassment.

Facebook fared the best of the three in the report, the Washington Post reported.

“These companies are responsible to their users yet so much of what they do happens behind closed doors,” Sara Baker, a global coordinator with “Take Back the Tech” campaign, was quoted as saying.

“We would love to see data on how many people submit reports, their general demographics (including country and language) and the overall results of those reports. We also want to know more about the people making decisions behind the scenes. What countries do they live in? How are they trained?” Baker asked.

YouTube, Twitter and Facebook all rely on user reports to flag inappropriate or abusive content.

When someone flags something on YouTube, the content is surfaced to a 24-hour team for review.

“Take Back The Tech” is a global campaign that connects the issue of violence against women and information and communications technology (ICT).


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Housefull: With 10 days to go, Modi’s US event is all sold out

Just days before Prime Minister Narendra Modi takes the stage at Madison Square Garden, the iconic Manhattan venue in New York, organisers declared it sold out on Wednesday.

Those left out can catch the event online or, if they are up to it, on one of those monster screens at the nearby Times Square – the biggest screen around, as promised by the organisers.

The venue, which has hosted rock stars, politicians and a Pope, can seat 20,000 people and 18,000 of them will go to the chosen ones -for free. The rest will be reserved for donors -someone has to pay for the event – and invitees.

The list of invitees is a work-in-progress, but it is said to include “several dozen” US lawmakers, who will take a break from their re-election campaigns to be at the event, and be seen.

Many of them have RSVPed – a commonly required courtesy – others are expected to do so. Anand Shah, spokesperson for the organisers, sought more time for the final tally.

Modi wanted to address US lawmakers at a joint session of Congress when he would be in DC, but Speaker John Boehner begged off citing midterm elections.

“Modi will get to speak to some of them now,” said a member of the organising committee, refusing to be identified so as to not jeopardise future dealings on Capitol Hill.

The Madison Square Garden event is at the heart of Modi’s visit for Indian-Americans, many of whom drove long distances once to watch him beamed live into highway hotels.

Modi, as chief minister of Gujarat, was not allowed to visit the US after being denied a visa in 2005 over his government’s alleged failure to stop the 2002 riots.

But he stayed in touch with them – a group that metastasized once he was projected by the Bharatiya Janata Party (BJP) as its candidate for the post of prime minister – remotely, through live video feed.

Now that he is coming to the US, over 30,000 of them have applied to attend the event – coming from all over the country. But only 18,000 can be accommodated, and that’s the ceiling.

Shah said tickets, which were all free, were distributed through a network of organisations of Indian-Americans.

“We got in touch with about 800 organisations,” Shah said, “of which nearly 700 responded.” The organisers selected 400 of them and allocated specified number of tickets.

The ceiling of 18,000 was reached on Wednesday. This reporter was one of those turned down in the general category, applied through a community organisation.


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These 8 Steps May Dramatically Increase Your Income


Zig Ziglar said “Money isn’t everything , but it’s right up there with oxygen.” The topic of wealth, income, and making money is often discussed and viewed in a negative light. Our society is afraid of being labeled as greedy or money hungry, but what must be understood is that money is a crucial part of freedom. I personally know what it’s like to have nothing, to stress about paying my next bill, and to feel hopeless. I also know what it’s like to thrive, and I’ve been fortunate enough to create some great income as well. Having money is a lot more enjoyable and fulfilling, but most importantly it gives you options.

Have you ever heard anybody say any of these?

“Money is the root of all evil.”

“Rich people are greedy.”

“Money won’t make you happy.”

“You don’t want to be one of those people.”

“I don’t need money.”

It’s usually those who claim they don’t care about money that are broke. Why not get wealthy? Why not become a millionaire? Why not focus on making as much money as you can? As entrepreneurs, I know you have goals of increase your income. We all have the same 24 hours in a day, so those thriving financially must be doing something different, right? Better yet, they must have a better perspective about money and how it’s earned?

Let me give you eight very tactical and straightforward tips that can be used right away to catapult your income.

1. Stop doing what you’re doing. We all know the saying “insanity is doing the same thing over and over and expecting a difference result.” If you aren’t satisfied, the first thing you must do is stop doing what you’ve been doing because what you are doing is what is creating your dissatisfying, current reality.

What’s great about life is the opportunity to completely change your story and direction overnight. Regardless of your past decisions, you’re always one decision away from making the right one.

2. Don’t let money define you. Your self worth has nothing to do with your finances. Whether you have a negative bank account or $5 million in the bank, your confidence must never waiver. If anything, your confidence needs to increase when you are stressed so you are motivated you to never feel that stress again.

Being wealthy is a state of mind, but so is being broke. You are what defines you, not what you possess.

3. Start prioritizing your profits. When you set up your weekly schedule make sure you start with income producing activities. Of all your activities, 20 percent will account for 80 percent of your income. Figure out what those are. Really think about the the top two or three things you need to do to create income. Now put those in your schedule consistently to assure you are creating income.

Constantly ask yourself if what you’re doing is profitable. Focus on doing what you should versus what you feel. Never forget that impact drives income.

4. Start placing a higher value on your time. Time is more valuable than money. You can always get more money, but you can never get more time. It is possible to become twice as valuable, and make twice as much money in the same amount of time. There is nothing more valuable than time invested wisely. We all have the same 24 hours, and it’s what you do with them that determines everything.

5. It’s Ok to say no. Steve Jobs once said, “It’s what Apple said “no” to that ultimately made them successful.”

If you’re over-extending yourself and committing to too many things, this word will change your life. Say “no” to everything that doesn’t create income for you until you get your income to a place you feel confident and secure. Make a commitment to yourself that you will focus on income-producing activities versus tension-relieving activities.

6. Proximity is power. Most broke people hang with other broke people and they usually stay broke, together. Elevate your peer group by reaching out to those playing the game of life at a higher level than you.

Find those people because you’ll become a lot like the people you spend the most time with. Their belief systems, their ways of being and their attitudes are contagious. You’re either surrounding yourself with those who hold you accountable, or let you off the hook. Choose wisely.

7. Lower your excuses. As the excuses go up, the bank account goes down. The best excuse makers or “validators” have the smallest bank accounts. The energy and time you spend on creative excuses is better invested in thinking of actual solutions that move your life forward. Excuses are a disease and those who continue making them will continue to have money issues.

8. Shift your focus from victim to leader. Stop blaming the economy, stop blaming your past, stop blaming your boss or company, and stop thinking the world is out to get you. Charge more, switch jobs, become more valuable. My friend Hal Elrod says, “The moment you take responsibility for everything in your life, is the moment you can change anything in your life.”

The difference between ordinary income and extraordinary income is fast implementation. How quick will you get on your grind to start increasing your income? I assure you if you take these tips seriously, and want it bad enough you will create an income explosion the next couple months. I want you to realize that your bank account isn’t who you are, it’s who you were before you made the decision to focus on wealth.


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