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unHeritage – 11 Pitfalls to Family Legacy and How to Avoid Them
“unHeritage is definitely the lighthouse for protecting your family and wealth for generations. This book is a must read for anyone interested in legacy planning.” Enzo Calamo
Center for Family Conversations
The Center for Family Conversations (CFC) is a resource center that provides the integral tools and ideas in helping families establish a 100-year-plus Family Legacy Plan.
THE TYCOON PLAYBOOK – How Business Empires Are Built
The Tycoon Playbook course was created for business families who are already running a successful business and wish to ramp up their growth while preserving wealth for future generations. Specifically, the Playbook teaches high performance business owners the two most highly rewarded skills in business, namely deal-making and how to acquire cash flow producing business assets.
- Brent steady below $60, heads for fourth weekly decline as oversupply persists December 18, 2014SINGAPORE (Reuters) - Brent crude held below $60 a barrel near a 5-1/2-year low on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year.
- Thai Union Frozen to buy North American tuna firm Bumble Bee for $1.5 billion December 18, 2014BANGKOK (Reuters) - Thai Union Frozen Products PCL , the world's largest canned tuna producer, said on Friday it has signed an agreement to acquire 100 percent of North American tuna company Bumble Bee Foods for $1.51 billion from a private equity firm.
- China 2013 GDP revision won't affect growth this year December 18, 2014BEIJING (Reuters) - China has revised up the estimated size of its economy for 2013 by 3.4 percent to 58.8 trillion yuan ($9.5 trillion), the National Bureau of Statistics said on Friday, but said the revision will not affect economic growth this year.
- U.S. to sell final $1.25 billion shares of Ally Financial from bailout December 18, 2014(Reuters) - The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc acquired under the government's bailout of the auto lender, Ally said on Thursday.
- Unilever drops mayonnaise suit against Just Mayo maker December 18, 2014(Reuters) - Unilever Plc's U.S. division said it has withdrawn its lawsuit against food startup Hampton Creek over false advertising and unfair competition related to its Just Mayo product.
- China 2013 GDP revision won't affect growth this year December 18, 2014BEIJING (Reuters) - China has revised up the estimated size of its economy for 2013 by 3.4 percent to 58.8 trillion yuan ($9.5 trillion), the National Bureau of Statistics said on Friday, but said...
- BOJ stands pat, offers brighter view on economy December 18, 2014TOKYO (Reuters) - The Bank of Japan kept monetary settings unchanged on Friday and offered a more upbeat view on the economy, signaling that no immediate expansion of stimulus was on the horizon.
- Japan's Amari: weak yen, falling oil prices good for economy December 18, 2014TOKYO (Reuters) - Japanese Economics Minister Akira Amari said on Friday that a weak yen is benefiting the country's exporters and that a fall in oil prices is also good for the economy.
- Asian stocks extend bounce on Wall Street, Fed cheer December 18, 2014SYDNEY (Reuters) - Japanese stocks led Asian markets higher on Friday, after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start...
- Russian ruble weakens as traders see no major measures in Putin speech December 18, 2014MOSCOW (Reuters) - The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at...
- Alternative lenders are hot -- especially among millennials December 18, 2014With two recent IPOs and a digitally-inclined audience of entrepreneurs, non-traditional financing could finally get its big break.
- Reddit cofounder: The next Google is one visa away from leaving U.S. December 18, 2014Read full story for latest details.
- Oprah-approved startup raises $6.25 million December 17, 2014News startup The Skimm announced a new round of funding, 1 million active readers, and plans to expand into a 'lifestyle brand.'
- Cow farmers get high-tech tracking app December 17, 2014Brazilian startup BovControl is turning cows into data with a mobile app.
- Google Ventures: less Ubers, more health care December 16, 2014The venture capital investment arm of the tech giant has quadrupled its funding of life sciences and health startups this year.
- Mortgage rates hit a new low for the year December 18, 2014Amid falling gas prices and investor nervousness, the average rate for a 30-year fixed-rate loan fell to 3.8%, a rate not seen since May 2013.
- Alternative lenders are hot -- especially among millennials December 18, 2014Read full story for latest details.
- Payday lenders throw millions at powerful politicians to get their way December 18, 2014Payday lenders are spending millions of dollars in Washington in an attempt to get powerful politicians on their side as a government crackdown on the industry heats up.
- Re-gifting is fine... if you follow these rules December 18, 2014Etiquette experts say re-gifting is generally considered acceptable, as long as you follow these rules.
- Toyota has best value: Consumer Reports December 18, 2014Read full story for latest details.
- NBA confirms L.A. Clippers sale to ex-Microsoft CEO Steve Ballmer May 30, 2014Donald Sterling sues the NBA for damages and demands to be reinstated as owner.
- FBI and SEC probe into Carl Icahn and golfer Phil Mickelson May 30, 2014Authorities are looking into the potenial insider trading.
- Google launches "right to be forgotten" service in Europe May 30, 2014Now European citizens can request to have search results removed.
- Five crazy things Steve Ballmer has done May 30, 2014In light of Ballmer placing the highest bid on an NBA team in history on Thursday, here are some of his wackiest actions and greatest hits.
- Zuckerberg's latest donation reawakens concerns over mixed results in Newark May 30, 2014Facebook founder and his wife donate $120 million to Bay Area schools, claim to have learned from previous gift to Newark, N.J. schools.
- Avon fined for bribing Chinese officials with Gucci bags December 18, 2014Beauty goods company Avon has been fined $135 million by the SEC for bribing Chinese officials with luxury goods -- everything from Gucci bags to Tiffany pens.
- Russia crisis hurts these brands the most December 18, 2014Read full story for latest details.
- Uber agrees to temporarily suspend service in Portland December 18, 2014Uber is standing down for the next three months in Portland, just one of the cities where it has run into trouble.
- Top 1%: What they made, what they paid December 18, 2014Read full story for latest details.
- Toyota's futuristic, freaky fuel-cell car December 18, 2014Toyota's new Mirai hydrogen fuel cell vehicle is worth a good, serious look. It won't be easy, though. While hydrogen fuel cell cars are mired in controversy, there's one thing everyone seems to agree on about this one.
- FOREX-Yen slips vs dollar, euro as risk sentiment improves December 18, 2014* BOJ maintains massive stimulus as expected, Kuroda presser eyed
- BOJ stands pat, offers brighter view on economy December 18, 2014TOKYO, Dec 19 (Reuters) - The Bank of Japan kept monetary settings unchanged on Friday and offered a more upbeat view on the economy, signalling that no immediate expansion of stimulus was on the...
- GLOBAL MARKETS-Asian stocks extend bounce on Wall St, Fed cheer December 18, 2014* Swiss central bank imposes negative rates to restrain franc
- FOREX-Yen edges down vs dollar, euro as sentiment improves; BOJ awaited December 18, 2014* BOJ set to maintain massive stimulus, Kuroda presser eyed
- GLOBAL MARKETS-Asian stocks catch Wall St tailwind December 18, 2014* Swiss central bank imposes negative rates to restrain franc
- Dow soars more than 400 points December 18, 2014Stocks soared for a second straight day with the Dow topping 400 points for the first time since November 2011 and the S&P 500 posting its biggest jump since January 2013. Leah Duncan reports.
- Mixed reviews on Sony movie cut December 18, 2014Sony's controversial decision to cancel the release of "The Interview", is getting mixed reviews- some saying they had no choice- but others fearful of the broader consequences to hollywood. Bobbi Rebell reports.
- EZ leaders grapple with economy, Russia December 18, 2014Ahead of the last summit of European leaders this year, German chancellor Angela Merkel warns there's no quick and simple fix to the euro zone crisis. The economy is top of a heavy agenda for the two-day meeting, as is the possibility of further sanctions against Russia. Joel Flynn reports.
- I give Sony Pictures leadership a "D"-Mike Paul December 18, 2014Reputation consultant Mike Paul, President of Reputation Doctor LLC, says the current crisis at Sony is a failure of leadership, and a change is needed. Bobbi Rebell reports.
- Breakingviews: Biotech bonanza December 18, 2014Robert Cyran and Reynolds Holding discuss Juno Therapeutics' IPO and the prospects for its cancer drug as well as other promising technologies in the booming sector.
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Business Ideas – How to Create a Culture, Work Hard, and Make Customers Happy like G Steinbrenner by Evan Carmichael Today we are going to take a look at how a man went against his father’s wishes to run the family business in order to follow his passion. He went on to pursue his dreams and purchase one of the greatest professional baseball clubs in the history of the game. This is the story of New York Yankees owner George Steinbrenner and the top 3 lessons that you can learn from his success. “I haven’t always done a good job, and I haven’t always been successful, but I know that I have tried.”- George Steinbrenner George Steinbrenner (born July 4, 1930) went from coaching college football to saving his family’s business and finally owning one of the greatest baseball franchises in history, the New York Yankees. When Steinbrenner started college he chose English literature, which was not what his father wanted him to do. Instead, Henry Steinbrenner wanted George to come back and run the family shipping business. After graduating college, George went in the United States Air Force where he would get his first taste of the business of sports by establishing a sports program in his spare time. George had no plans on joining the family business or ever owning a professional sports team. After his tour in the Air Force was complete, he went on to join the coaching staff at Northwestern University and then Purdue University, but family problems would take him away from what he loved. He would get a call from his father pleading with him to come home and help prevent the family business from going under. “He told me to get home and get busy,” recalls Steinbrenner. “I wish I could have stayed in coaching. My father never asked that much, but when he did it was an order.” After successfully saving his family’s shipping company and becoming president of the company within four years, George went against his father’s wishes and left the business to pursue his love of sports. He would go on to buy the Cleveland Pipers, an American Baseball League team, but the league would fold after a few seasons. George would set his goals higher the next time and buy the New York Yankees for $8.7 million in 1973. Today, the New York Yankees are worth more than $1.3 billion and are the most successful professional baseball franchise in history, at the same time making George Steinbrenner one of the greatest sports icons in history. Action Item #1: Create a Culture Action Item #2: Earn by Working Hard Action Item #3: Make the Customers Happy True Story Since George Steinbrenner’s father did not believe in giving allowances to his children, George and his sisters were set up in a chicken business. They would sell eggs for 50 cents a dozen or chickens to the […]
Business Ideas: Productivity in the Workplace for Entrepreneurs by Evan Carmichael One of the most common questions I get asked is: How can I be more productive? There just never seems to be enough time in the day to get everything done. Today we’re going to talk about how you can eliminate, automate, and delegate your work to help you focus on your highest priority tasks, what I like to call CEO tasks. Getting Started The first thing you need to do is make a list of all the tasks that you do on a regular basis. This means everything from selling to customers, working with suppliers, invoicing, managing your cash flow, etc. The second step is to bundle all your tasks into common themes. For example, making cold calls, attending networking events, and doing your email campaigns can all be under Sales & Marketing. Paying your staff, billing your clients, and keeping track of your expenses can all be called Admin. Continue classifying all your tasks until you have 5-7 main categories. The third step is to figure out how much time you’re spending in each category. For example, you might spend 20 hours per week on Sales & Marketing, 10 hours per week on Admin, and so on. Step 1: Eliminate Step 2: Automate Step 3: Delegate Summary The order of Eliminate, Automate, Delegate is very important. Eliminate is first. You don’t want to automate or delegate something that can be eliminated because it’s a non-productive task. Automate is next. You don’t want to delegate something that can be automated because it is more expensive and more prone to error. Follow the steps I laid out to put your regular tasks into groups and then Eliminate, Automate, and Delegate everything away until you’re working only on the top priority CEO tasks. It all starts with that first little step.
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Tom Deans Understands Family Business Relationships Lugen Family Office is proud to select Tom Deans as the LFO 2013 Speaker of the Year Award Winner! Congrats Tom and keep up the great work. Dr. Thomas William Deans is the author of the all-time best-selling family business book, Every Family’s Business: 12 Common Sense Questions to Protect Your Wealth. He now speaks on the international lecture circuit full time. Having delivered more than 500 speeches, he has built a reputation as a thought leader on the subject of intergenerational wealth transfer. His lectures and books argue that family has emerged as the greatest economic driver of all time. But the question remains: How can wealth be transferred successfully without destroying the recipient and the wealth itself? It is a question for the times, as the greatest generation of wealth creators move toward death in record numbers. Deans explores the idea that communication is crucial to the success of that transfer, and indeed to the success of individuals, families and communities. The idea to write Willing Wisdom came from Tom watching his mother’s parents die. One death – his grandfather’s – was comparatively quick. His grandmother’s was a long and slow ten-year decline. Despite the significant wealth his grandparents left for family and charity, it is the conversations they shared that Tom thought about the most many years later. In the end, when it came down to their last breaths, only the care provided by Tom’s parents, not money or even the promise of money, could purchase the dignified death each experienced. Tom is not sure when he first became curious about why our culture has lost its inquisitiveness about death and dying, but he does know, having delivered his keynote speech on transitioning family wealth to tens of thousands of people around the world, that this trend is worsening. We live in a culture that is in awe of wealth and all that it can provide. We also live in a culture that finds it difficult to talk about and contemplate death. The two are inextricably connected. Tom starts conversations, but rarely does he finish them, leaving that to readers and their families, friends and trusted advisors. Willing Wisdom represents a return to the subject of his doctoral research, conducted in the US, Canada and the UK and first published in Charities and Government by Manchester University Press. Tom lives in a forest in the beautiful Hockley Valley in Ontario, Canada, with his wife, two children and five dogs. To Book Tom Deans as Your Keynote Speaker, Click here.
Robber Baron: Lord Black of Crossharbour by George Tombs Learn more about the amazing Tycoon Playbook, click here. If you are a fan of tycoon biographies, this book should be of interest to you. I found it particularly enjoyable to read for two personal reasons. First, the best biographies, in my humble opinion, are the ones which take you inside the subject’s head and reveal what drives them to excel or at least clutch at the brass ring. The author here, George Tombs, is superb in this particular area. This is partly due to the fact he has known his subject personally for a number of years while working on an authorized biography. This book is the unauthorized version which came out after Black was found guilty in mid-2007 of stealing $6.5 million from his own public company, Hollinger International, an owner of newspapers around the globe. It’s safe to assume that the two men had a last moment falling out around the time of the trial. Second, I have been following Conrad Black’s business career on and off since about 1980 when I began my study of business tycoons and their strategies at a precocious age. There’s actually a third reason why I found this biography such an engrossing read. I have this morbid fascination with greedy people. I’m talking about people who have an inflated sense of self-entitlement, people who believe themselves to be above the law, people who will snatch the $100 from your hand that you had intended to use to refill your child’s insulin script in order to buy themselves a Cuban cigar. I’m talking Gordon Gekko, Leona Helmsley greedy. This, unfortunately, is how Conrad Black comes across as well. The book is so good that I read 225 pages in the first sitting. That’s probably a record for me as I hardly ever exceed 100 pages per evening. Conrad Black is currently serving a 6 year sentence in the USA for getting caught with his fingers in a public company’s cookie jar. Despite this sad ending, he is worth studying for students of business strategy. His tycoon career began in 1969 at age 25, when he and two equally inexperienced friends purchased a small town newspaper in Quebec. Long story short, Black developed a cookie-cutter system for acquisitions and ended up acquiring over 500 newspapers in Canada, the USA, Britain, and Israel over the next 30 plus years. He was a master at unleashing the game changing “Golden Feedback Loop” as I have come to call it within an industry. Once unleashed there was no option of holding onto the status quo. It was shattered. You then had to play by his rules or go out of business. Controversy followed Black throughout his entire career starting at an early age. At Upper Canada College, an exclusive boy’s school, (think Andover and Exeter), he was expelled for selling copies of an exam to fellow students. However, his two biggest mistakes, according to […]
The power of words: Grace Taylor – Lugen Family Office
Saudi Arabian billionaire prince on his country’s economic futures in wake of tumbling gas price Prince Alwaleed Bin Talal ranks 17th on the Bloomberg list of billionaires, and has urged his nation to diversify its economy as the U.S. increases its own energy production. He speaks with the “CBS This Morning” co-hosts about how increased production of oil in the U.S. may affect global relations.
Mikko Hypponen: How the NSA betrayed the world’s trust — time to act Recent events have highlighted, underlined and bolded the fact that the United States is performing blanket surveillance on any foreigner whose data passes through an American entity — whether they are suspected of wrongdoing or not. This means that, essentially, every international user of the internet is being watched, says Mikko Hypponen. An important rant, wrapped with a plea: to find alternative solutions to using American companies for the world’s information needs. As computer access expands, Mikko Hypponen asks: What’s the next killer virus, and will the world be able to cope with it? And also: How can we protect digital privacy in the age of government surveillance? WHY YOU SHOULD LISTEN TO HIM? The chief research officer at F-Secure Corporation in Finland, Mikko Hypponen has led his team through some of the largest computer virus outbreaks in history. His team took down the world-wide network used by the Sobig.F worm. He was the first to warn the world about the Sasser outbreak, and he has done classified briefings on the operation of the Stuxnet worm — a hugely complex worm designed to sabotage Iranian nuclear enrichment facilities. As a few hundred million more Internet users join the web from India and China and elsewhere, and as governments and corporations become more sophisticated at using viruses as weapons, Hypponen asks, what’s next? Who will be at the front defending the world’s networks from malicious software? He says: “It’s more than unsettling to realize there are large companies out there developing backdoors, exploits and trojans.” Even more unsettling: revelations this year that the United States’ NSA is conducting widespread digital surveillance of both US citizens and anyone whose data passes through a US entity, and that it has actively sabotaged encryption algorithms. Hypponen has become one of the most outspoken critics of the agency’s programs and asks us all: Why are we so willing to hand over digital privacy?
Jorge Paulo Lemann: Meet the Burger, Beer Brazillionaire – Finance Expert Aug. 29, 2013 (Bloomberg) — Bloomberg’s Alexander Cuadros examines the wealth Brazilian billionaire Jorge Paulo Lemann, the former professional tennis player who built his fortune on some very well-known American brands. He speaks on Bloomberg Television’s “In The Loop.”
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- Tom Petters Net Worth December 18, 2014Tom Petters Net Worth: Tom Petters is an American businessman who has a net worth of $50 thousand. Tom Petters was born in St. Cloud, Minnesota in July 1957. He was the chairman and CEO of Petters Group Worldwide but was convicted of massive business fraud in 2009. Petters is imprisoned at the United States […]
- Martin Cummins Net Worth December 18, 2014Martin Cummins Net Worth: Martin Cummins is a Canadian actor who has a net worth of $500 thousand. Martin Cummins was born in North Delta, British Columbia, Canada in November 1969. Cummins is best known for his role as Ames White in the TV series Dark Angel. Martin studied at the Vancouver Actors Studio. He […]
- Buddy Nielsen Net Worth December 18, 2014Buddy Nielsen Net Worth: Buddy Nielsen is an American singer and musician who has a net worth of $300 thousand. Buddy Nielsen is best known as the lead vocalist for the post-hardcore band Senses Fail. Senses Fail formed in 2002 in Ridgewood, New Jersey. Nielsen is the only original member of the band still remaining. […]
- Donald Goines Net Worth December 18, 2014Donald Goines Net Worth: Donald Goines was an African-American writer who had a net worth of $500 thousand. Donald Goines was born in Detroit, Michigan in December 1936 and passed away in October 1974. Goines wrote urban fiction and his novels were greatly influenced by the work of Iceberg Slim. Goines lied about his age […]
- Brooke Anderson Net Worth December 18, 2014Brooke Anderson Net Worth and salary: Brooke Anderson is an American television correspondent who has a net worth of $2 million. Brooke Anderson was born in Savannah, Georgia in May 1978. Anderson is a correspondent for Entertainment Tonight since 2013. She was formerly a co-host of The Insider and was a culture and entertainment anchor […]
- Washington governor pushes capital gains tax in face of budget gap December 18, 2014SEATTLE (Reuters) - Washington state Governor Jay Inslee on Thursday proposed a new tax on capital gains to try to close a projected budget shortfall of more than $2 billion, rolling back on a...
- U.S.-based emerging market stock funds see $831 million outflows in week: Lipper December 18, 2014NEW YORK (Reuters) - Investors in U.S.-based funds pulled $831 million out of emerging market stock funds through the week ended Dec. 17, the third straight week of ouflows, data from Thomson...
- U.S.-based emerging market stock funds see $831 mln outflows in week -Lipper December 18, 2014NEW YORK (Reuters) - Investors in U.S.-based funds pulled $831 million out of emerging market stock funds through the week ended Dec. 17, data from Thomson Reuters' Lipper service showed on Thursday.
- Schwab's Clendening leaving with more than $5.2 mln package December 18, 2014NEW YORK (Reuters) - John Clendening, the former co-head of Charles Schwab Corp's retail brokerage business, will collect a cash payment of $5.17 million as part of a separation agreement he signed...
- Wherever you go, there you are December 18, 2014(Reuters) - Here is the thing about investing: wherever you go, there you are.
- ETF Trader: Stock market in a giving mood December 18, 2014Nothing in this week’s reports derails Jim Lowell’s view of and for slow and reasonable economic growth.
- Mutual Funds Weekly: How Colbert’s ‘truthiness’ hit home with investors December 18, 2014Stephen Colbert broadcasts his final show tonight, and viewers can only give “The Colbert Report” a tip of the hat for being the award-winning investing advice program it is.
- Personal Finance Daily: The 12 bottles of Christmas, how to avoid airline fees December 18, 2014The bottles of booze you should gift this holiday season, and how to avoid baggage fees.
- This Corvette is faster than Hellcat, Ferrari, McLaren December 18, 2014The new 2015 Chevy Corvette Stingray Z06 will come out of the box with wicked fast performance times.
- 6 industries that can’t find workers fast enough December 18, 2014Companies are looking for employees in these areas.