Hit hard by the Covid-19 pandemic’s impact on travel, having already been in financial trouble before, Norwegian recently applied for bankruptcy protection in both Ireland and Norway, in order to buy time to work out a solution with its creditors. In early December, the company’s management presented a plan to stay afloat involving a large-scale conversion of debt into equity, a new rights issue to raise up to four billion Norwegian kroner (381 million euros), and the selling of an unspecified number of aircraft.
A transformative gift from Ann S. Bowers ’59 – a Silicon Valley champion and longtime philanthropist – will establish the Cornell Ann S. Bowers College of Computing and Information Science, supporting Cornell’s preeminence in these fields. Her nine-figure commitment will provide the enabling support for the construction of a new building for the Faculty of Computing and Information Science (CIS).
Facebook is planning to let its users find and book services through its app, a move that could position the social media giant as a competitor to gig economy marketplaces such as TaskRabbit, Fiverr, and Angie’s List.
If you need to raise funding from VCs for your startup, the first step is to create a pitch deck. A pitch deck is a brief presentation that provides investors with an overview of your business, whether it’s showcasing your product, sharing your business model, giving a look into your monetisation strategy, and introducing your team.
Summary. Judging from how they’re portrayed in the media, it would be easy to dismiss family businesses as hotbeds of power-playing, backstabbing, and favor-currying, ultimately destined to fail; think of the Murdochs and News Corp, or the Redstones and National Amusements, to name just two. But many family businesses have enjoyed success for decades, even centuries. The authors explore five aspects of ownership that are crucial to whether a family business thrives or perishes: the type of ownership (whether a sole owner, a partnership, or another arrangement); the governance structure; how “success” is defined; what information the owners will (and won’t) communicate to other family members and stakeholders; and how to handle the transition to the next generation.
Due to the COVID-19 pandemic, unemployment has soared this year. As of October 2020, almost 11.1 million Americans were jobless, according to the Bureau of Labor Statistics. Even more have been furloughed or seen their hours cut. But the health crisis isn’t just hurting those already in the workforce. According to new data, recent college grads are suffering, too. A June poll from the National Association of Colleges and Employers showed that about 8 percent of companies were planning to or had already revoked job offers to class of 2020 graduates.
Sunday, a subscription lawn-care service startup that launched in 2018, raised $19 million in Series B funding to innovate the way people take care of their lawns and gardens. The new round was led by Sequoia Capital, with participation from Tusk Ventures and Forerunner Ventures. It brings Boulder, Colorado-based Sunday’s total amount raised to date to $28 million, which includes a $6 million Series A round in 2019, according to Crunchbase data.
“…the mere consciousness of an engagement will sometimes worry a whole day.”Charles Dickens
One reason programmers dislike meetings so much is that they’re on a different type of schedule from other people. Meetings cost them more. There are two types of schedule, which I’ll call the manager’s schedule and the maker’s schedule. The manager’s schedule is for bosses. It’s embodied in the traditional appointment book, with each day cut into one hour intervals. You can block off several hours for a single task if you need to, but by default you change what you’re doing every hour.
As a trained epidemiologist with postgraduate qualifications in anthropology, I never thought I’d be a “participant observer” of a pandemic on two continents. But there I was, boomeranging in just five weeks from Australia to New York and back again. From a commitment to science, communitas and mateship here, to defiant disregard for public health, contempt for science and mystical faith in a super-spreader leader in the United States.
When leaders commit to building an inclusive organization, they tend to start with the company mission, vision, values, and a promise to ensure everyone in the organization has a voice. But if they don’t change the way they communicate every day with their employees, leaders are missing a crucial piece.