Monthly Archives: July 2013

Emma Jacobs

Usually limited to geeky product launches such as iPhones or high-street fashion collaborations, such as H&M’s tie-up with Karl Lagerfeld, the cronut queuers are inspired by similar motivations.

There are bonders who come to meet people who share their cake interests. And then there is the trophy value of being caught in the media and buzz. Even a humble cronut has bragging rights attached to it: “All day I waited for the flaky donut confection,” queuers will tell their children one day. Read more

Emma Jacobs

As a red-faced, red-haired infant who was close to her hands-on stepfather, the metaphor invoked by activist investor Dan Loeb that Sony treats its entertainment business like a “red-headed stepchild” has no personal resonance.

But I get it. Leaving aside any gripes from the ginger brigade, his accusation that the company treats this part of the group with disdain is clear.

This comes just days after the forthright statement from Mark Cutifani, chief executive of Anglo-American, condemned the mining company’s performance as “constipated” and promised to “get our arses into gear and start making a difference”. Read more

Ravi Mattu

I had an interesting reader email to my column today on why the improved relevance of the recommendations sent to me by social networks such as Twitter and LinkedIn is not a good thing for managers. If you are only fed information based your likes and previous behaviour, you aren’t going to stumble on to ideas that challenge your assumptions, and that is surely bad for innovation and creative thinking.

So, the reader asked, does this mean he should also “stop reading the FT obsessively?”

Quite the opposite – but I suppose I would say that.

But this does highlight another risk for how you access news and information. Where in the past, readers relied on editors and trusted brands to do the curating for them, increasingly readers are doing this for themselves. Read more

John Gapper

Bobby Kotick always liked his independence.

The chief executive of Activision Blizzard, who has launched an $8.2bn buyout of most of Vivendi’s controlling stake of his company, is an entrepreneur who built Activision as a video games maker before merging it with Vivendi’s Blizzard, maker of the massively multiplayer phenomenon World of WarcraftRead more

John Gapper

The criminal indictment of SAC Capital, the hedge fund founded and run by Steve Cohen, left, is a seminal moment on Wall Street. It is also a relief that prosecutors and the Securities and Exchange Commission have not backed down.

It looked dicey for a while, after SAC reached one of its infuriating “neither admit nor deny” civil settlements with the SEC on insider trading charges. The distinctive feature was that SAC paid $616m to settle, which a judge described as “counterintuitive and incongruous.” Read more

When Goldman Sachs bought the commodity trading house J Aron in 1981, it also took on Lloyd Blankfein, then a salesman of silver coins. Thirty-two years later, Mr Blankfein is Goldman’s chairman and chief executive and the bank owns, among other commodity assets, some aluminium warehouses near the ailing city of Detroit.

Detroit’s bankruptcy has many implications, but for Reid Hoffman it will reinforce the cautionary metaphor in his 2012 book The Start-Up of You: “When it comes to your career . . . you may be heading down the same path as Detroit.”

Ravi Mattu

It’s summer holiday time in the UK, which means a good chunk of the country decamps to France. For those who end up in Paris, things may be a bit more welcoming than in the past.

That’s because the city’s Chamber of Commerce for Business and Industry has just launched a guide for Parisians to help them respond better to foreign tourists. Do You Speak Touriste? has information on how to deal with visitors from 11 countries, from Brits, Americans and Italians to Chinese, Japanese and Brazilians. Read more