Sales & Marketing news

• Uber gave CEO Dara Khosrowshahi $45 million in total pay last year, but it paid its COO even more

  11-04-2019 23:48 via feedproxy.google.com
  Uber paid its top five executives $143 million in total compensation last year.
  CEO Dara Khosrowshahi's pay package was $45 million, but he wasn't Uber's top-paid executive.
  That was Barney Harford, the company's chief operating officer, who received $47.3 million in total compensation.
  Uber disclosed the salaries as part of the S-1 document it filed as part of its proposed initial public offering.
  Visit BusinessInsider.com for more stories.Dara Khosrowshahi was Uber's $45 million man last year.
  
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• Uber warns its big push into scooters and e-bikes is creating unusual new headaches and risks for the company

  11-04-2019 23:12 via feedproxy.google.com
  Electric scooters and bicycles present a range of potential problems for Uber, the company said in the prospectus for its initial public offering (IPO), which was released on Thursday.
  Risks include rider incompetence, failure to use protective gear, careless steering, poor maintenance, and faulty manufacturing from third parties.
  The company also faces legal and political hurdles that limit where and how it can deploy scooters and bikes.
  Visit BusinessInsider.com for more stories.Electric scoot
  
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• Uber spent $3.3 billion on acquisitions in 2018 and 2019 — 10-times more than Lyft (LYFT)

  11-04-2019 23:07 via feedproxy.google.com
  Uber's S-1, filed publicly on Thursday, revealed around $3.3 billion in acquisition expenses in 2018 and 2019.
  The company also disclosed its pricetag for JUMP, the bike share company it paid $139 million for in 2018, according to the filing.
  This means Uber spent 10X on acquisitions between March 2018 and March 2019 than Lyft spent in 2018.
  Visit Businessinsider.com for more stories.Uber's S-1, which the company made public on Thursday, is a treasure trove of financial minutiae which reveals wh
  
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• Uber has filed to go public in what could be the biggest IPO in years (UBER)

  11-04-2019 23:06 via feedproxy.google.com
  Uber filed documents for its long-awaited initial public offering (IPO) on Thursday. 
  The ride-hailing company could net a valuation of more than $100 billion as it hits the stock market. 
  Lyft, the company's biggest competitor, went public in March, and its stock has dropped more than 20% since. Uber has officially filed for an initial public offering (IPO), according to regulatory documents filed on Thursday.
  The company's long-awaited prospectus, which was filed confidentially
  
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• Uber warns that its reputation may always be a risk for its continued success (UBER)

  11-04-2019 23:01 via feedproxy.google.com
  Uber made its initial public offering prospectus public for the first time on Thursday. 
  Among the company's risks is a warning that its reputation may always cast a shadow on its business.
  Uber had a disastrous year in 2017 for the company after a damning blog post alleged a toxic corporate culture and eventually resulted in the resignation of founder Travis Kalanick. Uber has officially filed to go public.
  The ride-hailing giant made its paperwork public for the first time on Thursda
  
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• Former pizza-chain CEO Herman Cain's appointment to the Federal Reserve looks like it's dead in the water

  11-04-2019 22:52 via feedproxy.google.com
  Herman Cain, the former Godfather's Pizza CEO and 2012 Republican presidential nominee, was selected by President Donald Trump for a spot on the Federal Reserve Board on April 4.
  While the nomination has not been formally submitted to the Senate for consideration, it appears that Cain's selection is dead in the water.
  A fourth Republican senator came out against Trump's pick of Cain on Thursday, meaning the creator of the "9-9-9" tax plan would be short of the votes required to be confirmed if a
  
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• 'I won't be perfect, but I will listen to you.' Uber CEO outlines the company's 'enormous' opportunity while acknowledging its turbulent past in letter to investors

  11-04-2019 22:31 via feedproxy.google.com
  Uber’s S-1 filing included a letter from CEO Dara Khosrowshahi outlining his commitment to the company and the big opportunities that lie ahead.
  He also acknowledged the company’s rocky past, saying that there were some “missteps” along the way.
  Khosrowshahi closed the note by promising his commitment to running Uber with “passion, humility, and integrity.”Ride-hailing giant Uber is officially going public. The company revealed its plans for an initial public
  
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• Unicorn startup PagerDuty soared 56% in its first day of public trading — now its CEO and CFO explain what's next (PD)

  11-04-2019 22:27 via feedproxy.google.com
  On Thursday, PagerDuty went public, and the stock soared some 56% percent in the first day of trading.
  PagerDuty CEO Jennifer Tejada says the company decided to IPO now as a way to increase brand awareness. 
  Tejada and PagerDuty CFO Howard Wilson share their vision for the company to grow in other markets besides IT, expand globally, and generally push towards profitability.PagerDuty hit the public markets on Thursday with a $1.76 billion valuation, and soared some 56% in its first day of t
  
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• Citigroup's CEO says the biggest threat to the US economy is 'our ability to talk ourselves into the next recession' (C)

  11-04-2019 21:56 via feedproxy.google.com
  There has been growing talk of a potential recession in the US, which could begin by 2020. 
  Citigroup CEO Michael Corbat thinks focusing on the risk of a downturn could ultimately lead to one.
  Drops in consumer and business confidence can weigh on activity.Could focusing on the risk of a downturn ultimately lead to one?
  The chief executive of one of the country's largest banks thinks so.When asked at a congressional hearing on Tuesday what the biggest threat to the US economy was, Citigroup
  
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• Boeing's CEO says the weeks since the second crash of a 737 Max plane have been the 'most devastating' of his career (BA)

  11-04-2019 21:41 via feedproxy.google.com
  Boeing CEO Dennis Muilenburg said the weeks since the second crash of a 737 Max jet in March have been the "most devastating" of his career. 
  At a leadership forum in Dallas, Muilenburg said more than two-thirds of Max customers have tested the software update the company will soon roll out. 
  Read Business Insider's full coverage of Boeing's 737 max crisis here.
  Visit BusinessInsider.com for more stories.Boeing CEO Dennis Muilenburg said on Thursday that 67% of its more than 50 737 Max
  
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• Tesla disputes report that Panasonic and Tesla are freezing Gigafactory spending plans (TSLA)

  11-04-2019 21:35 via feedproxy.google.com
  Tesla shares fell nearly 3% on Thursday after a Nikkei report, which Tesla disputes, said the electric-car maker and Panasonic were suspending plans to expand the Nevada Gigafactory.
  The two companies' reported pause comes amid mounting Wall Street concerns regarding demand for Tesla vehicles, Nikkei said.
  Panasonic would also suspend its planned investments in Tesla's Shanghai plant, Nikkei reported.
  Watch Tesla trade live.
  Tesla shares slid 3% on Thursday after Nikkei reported the electric-car
  
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• No major bank CEO thinks a female or person of color is likely to succeed them

  11-04-2019 21:03 via feedproxy.google.com
  Not a single major bank CEO expressed confidence that their successor would 'likely' be a female or person of color.
  Democratic Rep. Al Green asked the question during the Congressional hearings Wednesday.
  Visit MarketsInsider.com for more stories.
  "If you believe that your likely successor will be a woman or a person of color, would you kindly extend a hand into the air?" Democratic Rep. Al Green asked the CEOs of seven of the country's largest banks. Not a single one raised his hand while test
  
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• The amazing life of Uber CEO Dara Khosrowshahi — from refugee to tech superstar and a huge IPO

  11-04-2019 20:42 via feedproxy.google.com
  Dara Khosrowshahi is the former CEO of Expedia who took over Uber as CEO in 2017.
  As CEO, Khosrowshahi is leading the company into its long-awaited IPO, which could value the company as high as $100 billion. 
  His long history in tech and familial connections helped prepare Khosrowshahi for running Uber.
  Visit Business Insider's homepage for more stories.Becoming the CEO of Uber in mid-2017 was just the latest milestone for the 49-year old Dara Khosrowshahi, who has lived an extraordinary li
  
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• Former Goldman Sachs CEO Lloyd Blankfein cracks Twitter joke about bank CEOs being dragged before Congress

  11-04-2019 20:02 via feedproxy.google.com
  Former Goldman Sachs CEO Lloyd Blankfein was happy to be watching from the sidelines this week as CEOs from seven of the country's largest banks appeared before Congress.
  "Boy, I really miss my old job!!!" Blankfein tweeted.
  Watch Goldman Sachs trade live.
  Former Goldman Sachs CEO Lloyd Blankfein was happy to be watching from the sidelines this week as members of Congress grilled CEOs of the country's largest banks.
  "Boy, I really miss my old job!!!" Blankfein tweeted as the hearings were underw
  
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• Investors have pulled $16 billion from bank ETFs over the past year, but that may be about to change

  11-04-2019 18:29 via feedproxy.google.com
  Exchange-traded-fund data points to investors pulling money from the banking sector over much of the past year, according to an RBC analyst.
  The negative investor sentiment could turn positive if the Fed reverses its tightening policy.
  [Read other breaking news stories on Markets Insider]
  Investors have yanked $16 billion from the banking sector over the past year, according to an analysis of exchange-traded-fund outflows by RBC analyst Gerard Cassidy. The investor trend has occurred alongside t
  
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• Before attempting to revitalize a brand, read this

  11-04-2019 16:20 via warc.com
  Breathing new life into a brand is a complex exercise in which knowing what to change is as important as knowing what to leave alone. Mike Teasdale considers the strategic landscape.
  
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• Before attempting to revitalise a brand, read this

  11-04-2019 16:20 via warc.com
  Breathing new life into a brand is a complex exercise in which knowing what to change is as important as knowing what to leave alone. Mike Teasdale considers the strategic landscape.
  
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• How Runtastic used mobile marketing to get onto Adidas’ radar

  11-04-2019 15:00 via warc.com
  Runtastic is a jogging app founded by Florian Gschwandtner in 2009. In 2015, Adidas came knocking and bought it up. Here, he offers up insights on the current state of the mobile market.
  
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• Samsung claims leadership position amid profit drop

  11-04-2019 01:46 via warc.com
  Samsung, the South Korean electronics giant – and according to some measures the world’s largest advertiser – remains bullish about its prospects at the centre of the digital universe, even as slowing smartphone sales indicate...
  
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• Retailers rush to set up e-commerce media

  11-04-2019 01:46 via warc.com
  The increasing availability and reach of data-driven advertising within online retail environments promises to take performance media to the next level, a new WARC report says.A WARC
  
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• Lastminute.com opens Playbook, an in-housing consultancy

  11-04-2019 01:46 via warc.com
  Travel website and successful media in-houser, Lastminute.com has launched a consultancy, Playbook, that will help other brands follow its lead and bring both media planning and buying in house.The news was
  
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• GO-JEK focuses on service providers

  11-04-2019 01:46 via warc.com
  In an age of consumer-centricity, Indonesia’s super app GO-JEK has achieved its current position of dominance by focusing equally on service providers, according to a top executive at the company.“If you think about how to deliver a...
  
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• 'Creative power' plays key role for AB InBev

  11-04-2019 01:46 via warc.com
  Anheuser-Busch InBev, the brewing giant, believes that creativity will play a central role in driving growth and differentiation at a time of rapid disruption.Marcel Marcondes, AB InBev’s US chief marketing officer, discussed this subject at...
  
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• Broadcast standard enabling addressable ads on TV to roll out by 2020

  11-04-2019 01:46 via warc.com
  A new broadcast standard, ATSC 3.0, or Next Gen TV, is reportedly on schedule to roll out across 40 US markets by 2020. The new standard is a step towards the holy grail of addressable TV, by enabling a greater level of interactivity.A coalition...
  
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