Sales & Marketing news

• The cofounder of MoviePass recounts what led to his firing from the company he'd built from the ground up

  13-04-2019 16:45 via feedproxy.google.com
  MoviePass cofounder Stacy Spikes breaks his silence about what led to his exit from the company.
  Spikes told Business Insider that in January 2018, he was let go after months of disagreeing with the new owner of MoviePass, Helios and Matheson Analytics, about the $10 subscription price point.
  Though it was giving the company thousands of new subscribers, Spikes felt it wasn't sustainable.
  Visit BusinessInsider.com for more stories. 
  MoviePass cofounder Stacy Spikes admits he was not a happy
  
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• Meet the most powerful Goldman Sachs banker you've never heard of; Silicon Valley has made top data-science talent too expensive for many hedge funds

  13-04-2019 15:29 via feedproxy.google.com
   
  Dear Readers,
  It was "millennial money week" here at BI, where we got the results back from an INSIDER and Morning Consult survey that polled 4,400 young Americans on their spending habits. 
  We published a number of stories based on the results. Here are some of the key findings. 
  If you're new to the Wall Street Insider newsletter, you can sign up here.
  Finances
  1) Twenty-eight percent of millennials think they're worse off financially than they thought they'd be a de
  
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• Ousted exec Tim Throsby sent an email to Barclays' CEO calling his plans 'irreconcilable' and destructive

  13-04-2019 15:26 via feedproxy.google.com
  After his ouster from Barclays, the exec Tim Throsby sent an email to CEO Jes Staley and other senior leaders criticizing what he considered unrealistic and destructive profitability demands and targets set by Staley, according to sources familiar with the email.
  In the email, which had the subject line "irreconcilable," he pushed back on what he said were plans for a 20% cut in compensation at Barclays International, as well as a pullback in risk.
  He also questioned plans to reduce capital rese
  
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• Here are the officials who vote on the Federal Reserve committee that sets interest rates

  13-04-2019 15:04 via feedproxy.google.com
  Interest rates are set through a voting system on the Federal Open Market Committee. 
  That group consists of Fed governors and leaders of central bank branches across the country. 
  Officials tend to be labeled as dovish or hawkish, depending on how much they focus on inflation or employment. 
  President Donald Trump often blames his monetary policy frustrations on Federal Reserve Chairman Jerome Powell. But interest rates are determined by a group of central bankers, not by Powell
  
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• Tesla isn't the next Theranos — here are 10 reasons why (TSLA)

  13-04-2019 14:57 via feedproxy.google.com
  Tesla and Theranos are sometimes discussed in the same terms, as Tesla CEO Elon Musk has jousted with the SEC and former Theranos CEO Elizabeth Holmes faces criminal charges for accusations of fraud.
  The Tesla-Theranos comparison, like the Tesla-Enron comparison, makes for fiery debates, but the comparison falls apart on closer scrutiny.
  At base, Tesla has a product that's relatively easy to understand — cars — while Theranos product was shrouded in secrecy.
  Visit Business Insider's
  
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• 2 of America's most acclaimed wealth managers for the ultrarich explain why a famous approach to retirement investing is dead wrong — and reveal what people should do instead

  13-04-2019 14:05 via feedproxy.google.com
  Two of the most successful wealth managers in the US say the most basic approach to retirement investing — that younger people need stocks and older people should own bonds — is wrong.
  Jeff Erdmann of Merrill Lynch and Peter Mallouk of Creative Planning have different criticisms of the philosophy, but both say investors need a different approach.
  Forbes has ranked Erdmann as the best wealth manager in the US for three years in a row, while Barron's named Mallouk the no. 1 independent
  
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• The Uber IPO exposes how Saudi cash drives Silicon Valley innovation, and even the biggest tech companies can’t stop it

  13-04-2019 14:00 via feedproxy.google.com
  Uber's S-1 filing showed that Saudi Arabia's Public Investment Fund owns 5% of the company.
  The Public Investment Fund is also a top investor in Softbank's gargantuan Vision Fund, which owns 16% of Uber — not to mention sizable stakes in companies like Slack, WeWork, and DoorDash. 
  Saudi Arabia has been criticized for human rights abuses and repressive laws, so it's a problematic source of cash for Silicon Valley, which prides itself on changing the world.
  But Silicon Valley is under
  
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• The US economy increasingly looks like it's past the point of no return — and not even the Fed can save it from the next recession

  13-04-2019 12:05 via feedproxy.google.com
  The Federal Reserve would like to achieve a so-called soft landing by slowing down the economy without triggering a recession. 
  According to David Rosenberg, the chief economist at strategist at Gluskin Sheff, this is looking highly unlikely. 
  His charts below lay out some of the economy's most vulnerable spots, explain why it may be too late for the Fed to avert the next recession, and highlight parts of the market that have historically done well during downturns.
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