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Discussion | Homeless Billionaire | Oxford Union
Discussion | Homeless Billionaire | Oxford Union
Nathan Gardels, Lord Anthony Giddens and Nicolas Berggruen field questions from the Oxford Union.
Filmed on Monday 5th November 2012
ABOUT ‘INTELLIGENT GOVERNANCE FOR THE 21st CENTURY: A MIDDLE WAY BETWEEN WEST AND EAST’:
As the 21st Century unfolds, both of these core systems of the global order must contend with the same reality: a genuinely multi-polar world where no single power dominates and in which societies themselves are becoming increasingly diverse. The authors argue that a new system of “intelligent governance” is required to meet these new challenges. To cope, the authors argue that both East and West can benefit by adapting each other’s best practices. Examining this in relation to widely varying political and cultural contexts, the authors quip that while China must lighten up, the US must tighten up.
This highly timely volume is both a conceptual and practical guide of impressive scope to the challenges of good governance as the world continues to undergo profound transformation in the coming decades.
ABOUT THE OXFORD UNION SOCIETY:
The Union is the world’s most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. It has been established for 189 years, aiming to promote debate and discussion not just in Oxford University, but across the globe.
Special Offer From Lugen Family Office – Limited to ONLY 150 People to Join in 2013
Special Offer From Lugen Family Office – Limited to ONLY 150 People to Join in 2013
Family Business Owners, Professionals, CEOs, Senior Executives, Management, and Philanthropists often need a Consigliere, or most trusted advisor, to discuss strategies about successfully implementing their goals for the year. However, to hire a Life Coach that works with the Ultra High Net Worth can be expensive, costing $50,000 plus per project, and to create your own private Family Office to provide these services can cost millions of dollars. Now, for the next few weeks only, you can get amazing one on one teleconference coaching from leading experts for less than $10 per day. The following are areas that Lugen Family Office, and its Strategic Network, specialize in:
As an introductory offer to our services and expertise, limited to ONLY 150 people in the world in 2013, Lugen Family Office will provide an innovative Consigliere Teleconferencing Service on a monthly basis which includes:
1) 45 minutes of one on one strategic coaching each month.
2) A psychometric assessment of your unique abilities.
3) Access to our Strategic Network where appropriate.
4) Free Membership into two of the world’s largest private LinkedIn Groups in their categories, Building a Family Business Dynasty and the International Association of Advisors in Philanthropy. More importantly, your monthly teleconference coaching will show you how to utilize the vast resources within these Groups to help you achieve the results that you want.
5) Special discounted rates to other services provided by Lugen Family Office, and its Strategic Network, where available and appropriate.
6) Access to unique Business Opportunities and Investment Strategies utilized by Affluent Business families (these opportunities will ONLY be offered if Lugen Family Office deems these opportunities appropriate from our Confidential Conversations and all parties agree that a specific opportunity or strategy aligns with your Goals and Values),
7) Email support between teleconference sessions.
8) Direct collaboration with Lugen Family Office on agreed upon projects over a secure and confidential network on the Cloud.
9) Access to a Customized Resource Report on a quarterly basis to assist you with your 90 day goals.
10) Plus so much more since the Consigliere Teleconferencing program is customized to your specific needs.
The role of your private Consigliere is to counsel you through guidance, support, accountability and encouragement.
Accountability is one of the greatest strengths of working with a Consigliere. Remember, it’s difficult to get a truly objective answer from yourself about your business, or even certain aspects of your life, but your Consigliere will always tell you the truth, even if you don’t want to hear it. This is also the primary reason that we request a one time, non refundable fee of $3,600 per year since we want to be truthful with you and not give you guidance dependent on future monthly payments.
A Consigliere is much better than a consultant or a coach for many reasons. With years of successful experience that can provide valuable insight, Lugen Family Office, and/or its strategic network, will assist you with both long-term and short term goals and strategies for your personal, family, and business life in areas that you might have overlooked. You may be able to survive without a Consigliere, but it’s almost impossible to move from success to significance without a most trusted advisor…
HAVE YOUR OWN PRIVATE CONSIGLIERE FOR LESS THAN $10 A DAY WITH THIS SPECIAL OFFER!
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Some Core Principles for Building a Legacy
To build a sustainable and positive family or business legacy, it is very important that the following key principles be incorporated into your dynastic planning process:
1) The entire family must be involved in planning and NOT just the wealth-holder or business owner. The goal for a successful multi-generational family/business legacy is to plan “with” your family and not “at” your family.
2) The agenda for each family or family business meeting must be open to include the needs and concerns of all family members who are affected by the financial, estate, business, or legacy plan.
3) Part of the common mission for each family and business plan should be the indisputable realization that family members are the real assets and NOT the money or business.
4) Communication expectations for everyone must be setup upfront. For example,
- Everyone has wisdom;
- We need everyone’s wisdom for the wisest results;
- All will hear and be heard;
- There are no wrong answers;
- The whole is greater than the sum of its parts.
5) The best legacy solution is one that considers the needs of future generations. A legacy plan should focus on the perspective of family wealth and the family business for at least the next seven generations.
6) A Family Constitution should be created to help with the Governance of the Legacy plan. The goal here is not to dictate the future to family members but to establish guidelines for dealing with conflicts, new opportunities, in-laws, extended family member dreams, and the future complexity involved with the growth of family members into the third generation onward.
7) Structures, and committees, must be put in place for dealing with, and implementing, the financial, estate, business, and legacy plans.
Remember that a wealthy family or a profitable business cannot create a strong family but a united family with a common mission can build wealth and a sustainable and profitable family business.
Dynastic Family Business – J.D. NEUHAUS
J.D. Neuhaus has been shifting loads for more than 260 years.
When Johann Diederich Neuhaus built his first wooden shaft winch in 1745, he presumably had no idea how decisive it would later become for the effortless movement of heavy loads. This masterpiece, however, did allow him to be registered as a “fabricator” in the “Masters’ roll of Sprockhoevel manufactories”.
Thus, the foundation stone for the J.D. Neuhaus company was laid. We initially produced winches for the locks and the many horse-drawn barges on the Ruhr river. Later, the winches were used for lifting railway carriages onto the tracks and for loading goods. Use in coal mines in the German Ruhr area became increasingly significant and in around 1880, our winches were already capable of moving loads of up to 7,500 kg. As the quality of the available materials improved, our products became increasingly compact and high-performance.
A historic innovation was made by us in 1952, with the construction of a hoist with a compressed-air driven vane motor. For our principal customers, who were from the underground mining industry, this represented a decisive advance. With the new J.D. Neuhaus air hoists, it was possible to work significantly more effectively, economically and safely. This marked the start of our very own economic miracle.
Still today, seven generations after its foundation, J.D. Neuhaus remains in family hands. The hoist museum at our Witten location demonstrates that history is a living part of our corporate culture. Since the mid-nineties, we have been a member of the “Les Hénokiens”, an association of companies that have been in business for at least 200 years, are still family-owned and managed by the descendents of the original founder. In the case of J.D. Neuhaus, this is Wilfried Neuhaus-Galladé. Under his management, the course of the family-owned business was adapted to the changed conditions predominant in global markets.
Raghava KK: What’s your 200-year plan?
Raghava KK: What’s your 200-year plan?
You might have a 5-year plan, but what about a 200-year plan? Artist Raghava KK has set his eyes on an ultra-long-term horizon; he shows how it helps guide today’s choices and tomorrow’s goals — and encourages you to make your own 200-year plan too.
Raghava KK’s paintings and drawings use cartoonish shapes and colors to examine the body, society, our world.
Why you should listen to him:
Raghava KK began his career in art as a newspaper cartoonist, and the cartoonist’s bold line — and dead-on eye for truth — still powers his art. His work spans painting, sculpture, installation, film and iPad art, always linked by his challenging opinions on identity, conformity, gender, celebrity, ceremony. (He even views his lavish Indian wedding as a piece of performance art.)
His early work as a painter made a complete break with his cartoon career — he painted watercolors on canvas using only his hands and feet. Since then, his work has grown to knit together aesthetics from both worlds, as collage and complication play against flat color and precise lines. He shows in galleries and performance spaces around the world and often collaborates with other artists, most recently with musicians Paul Simon and Erykah Badu. In 2011, he launched his children’s iPad book, Pop-it, shaking up the concept of an ideal family. He is currently working on a project that promises to shake up everything! From news to education.
