A collection of stories from SmartBrief publications and around the web…
The editor of The Economist says farewell: John Micklethwait departs The Economist bound for Bloomberg. I won’t even try to summarize his farewell message. It is too good. Read the whole thing.
How the next editor got the job: Gideon Litchfield writes for Quartz about the process The Economist employed to select Zanny Minton Beddoes as the new editor. Litchfield, who was also a candidate for the job, offers unique insight on the refreshingly straightforward way The Economist handled the search.
Food for thought from Davos: With the glitz and glam always stealing the headlines in Davos, many people overlook some of the research the World Economic Forum actually disseminates – during the conference or throughout the year. Kirill Shakhnov from the European University Institute shares some interesting research with this paper: How wealth inequality entices talent into finance. (read more…)
Welcome to Day 3 of SmartBrief’s roundup of financial news coming out of the World Economic Forum’s Annual Meeting in Davos, Switzerland.
Blankfein on the reality of regulation: Goldman Sachs chairman and CEO Lloyd Blankfein told CNBC his firm is always thinking about regulation and how it affects things like technology acquisition. On whether banks are under regulatory assault, Blankfien responded, “No choice, no problem. I don’t have to sit here and ruminate on about whether its good or its bad or I like it or not. It is what it is.”
‘Pandemic bonds’ could be a panacea for next pandemic: Gillian Tett writes in the Financial Times writes about the concept of ‘pandemic bonds’ aimed at helping finance more effective and efficient responses to global health crises. The idea, which is backed by World Bank boss Jim Kim, would see bonds issued to help governments, NGOs and other organization,. “This could help cash-strapped governments finance measures to beat disease,” Tett writes. (read more…)
Welcome to Day 2 of SmartBrief’s roundup of financial news coming out of the World Economic Forum Annual Meeting in Davos, Switzerland. Scroll to the bottom of this post to watch a selection of Thursday’s panel discussions related to finance.
The Lady and the Gentleman: German Chancellor Angela Merkel might have been talking in Davos on Thursday, but everyone was listening to European Central Bank President Mario Draghi. Merkel’s call for Europe to stay the course on structural reforms was drowned out by Draghi announcing the ECB’s plan to inject $1.37 trillion into the Eurozone economy via quantitative easing. USA Today describes how many attendees at Merkel’s speech in Davos became distracted a view minutes in when Draghi’s news was announced.
Yea and Nay on European QE: Morgan Stanley boss James Gorman told Bloomberg News the ECB’s move on quantitative easing is a good thing. But according to CITY A.M., Larry Summers is not sure it is enough. (read more…)
People who suffer from an emotional hesitation toward prospecting can overcome their “sales-call reluctance” with an awareness of the issue and strong coaching to help them change their mindset, says coach, trainer and speaker Connie Kadansky.
An e-mail to Kadansky from an employee of a major financial-services firm described a struggle with call reluctance. The person had doubts about ever finding success in a financial-services career because of being “wired the wrong way,” not because of laziness or a lack of knowledge, she says.
Those who experience call reluctance may be worried about seeming too self-promotional or pushy toward prospects — “they’re in fear, and they’re actually holding themselves back,” Kadansky says. This inner conflict prevents them from acting on their feelings of responsibility to talk about the value they can provide to prospects, she says. (read more…)