KKR’s £1bn bid for Perpetual is called off

first_img whatsapp KCS-content Share KKR’s £1bn bid for Perpetual is called off whatsapp Tags: NULLcenter_img Show Comments ▼ Monday 20 December 2010 8:08 pm AUSTRALIAN wealth manager Perpetual has called off talks with private equity firm Kohlberg Kravis Roberts over a $1.7bn (£1.09bn) takeover saying the approach undervalued the company, knocking its shares down by nearly 15 per cent.KKR made an indicative bid of A$38 to A$40 per Perpetual share in October, eyeing a slice of the $1.2 trillion Australian wealth management sector. It was only willing to raise that slightly after looking at limited data.The Australian wealth management industry is among the few growing parts of the country’s financial services sector, thanks to compulsory private pension schemes. There have been several deals in the sector, including the $13bn takeover offer of AXA Asia Pacific by AMP.Perpetual, which is currently searching for a new chief executive, said the the initial offer was too low and said it would now end all discussions with KKR after it failed to get an acceptable price.A successful offer could have led to further consolidation in the world’s fourth-largest wealth management industry but investors said KKR will likely remain in the market for other Australian wealth management assets.KKR’s offer valued Perpetual at about 22 times forward earnings compared to 18 times for AMP’s offer for the Australia and New Zealand assets of AXA Asia Pacific.“The takeover premium is gone out of the share price and no other bidders are likely to come in,” said Simon Burge, fund manager at ATI Asset Management. “Add to that uncertainty over the new chief executive. Only when a new head is appointed will we know the direction of the firm.” More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPuffer fish snaps a selfie with lucky divernypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comlast_img read more

Econet Wireless Zimbabwe Limited HY2006 Presentation

first_imgEconet Wireless Zimbabwe Limited (ECO.zw) listed on the Zimbabwe Stock Exchange under the Technology sector has released it’s 2006 presentation results for the half year.For more information about Econet Wireless Zimbabwe Limited (ECO.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Econet Wireless Zimbabwe Limited (ECO.zw) company page on AfricanFinancials.Document: Econet Wireless Zimbabwe Limited (ECO.zw)  2006 presentation results for the half year.Company ProfileEconet Wireless Zimbabwe is a diversified telecommunications group; it is the largest enterprise of its kind in Zimbabwe and the largest company on the Zimbabwe Stock Exchange in terms of market capitalisation. Econet Wireless Zimbabwe provides products and solutions for mobile and fixed wireless telephony, public payphones, internet access and payment solutions. In 2009, Econet Wireless Zimbabwe became the first operator in Zimbabwe to launch data services with 3G capability. This was followed by an extensive project to expand its geographic coverage; building a fibre-optic network, providing financial transaction switching and point-of-sale and value-added retail support services. The company is a subsidiary of a privately-owned group controlled by its founder, Strive Masiyiwa. The group’s subsidiaries include Econet Global, Econet Wireless Africa, Econet Wireless International, Econet Enterprises, Liquid Telecom Group and Econet Media.last_img read more

Forget the Lloyds share price! I’d buy this FTSE 100 stock for my ISA

first_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. John Wallace | Tuesday, 10th March, 2020 | More on: BARC LLOY Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Simply click below to discover how you can take advantage of this. Lloyds Banking Group (LSE: LLOY) has long been a popular stock for investors to hold. At the time of writing, Lloyds’ share price declined by 30% to 45p a share from highs of 65p in December 2019.In my opinion, Lloyds faces a deterioration in trading conditions, with pitiful returns for future investors.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I believe the results from the final quarter of 2019 suggests the FTSE 100 bank could deliver disappointing results for the future. Net income fell 4% year-on-year to £17.1bn, with both interest and income falling.A declining interest rate and an increasingly competitive mortgage market could result in new loans being less profitable than previous ones.Investors are currently witnessing conditions deteriorate significantly from the impact of the coronavirus. An additional cut in interest rates could take place in order to stimulate economic growth. This could be negative for the Lloyds share price, as margins may be squeezed even further.If this is the case for Lloyds, I think it could become increasingly difficult to encourage growth. Therefore, a reduction in dividends paid could become a real possibility, something that makes the stock popular with investors today.What does the future hold for Lloyds’ share price?As Britain’s biggest mortgage lender, due in part to its Halifax business, the surge of PPI provisions this year has cost Lloyds an estimated £2.45 billion, up from £750 million last year. This resulted in earnings per share falling by 36% to 3.5p.An additional increase in bad loans has further led to a decline in operating costs, resulting in underlying profits falling by 7% to £7.5bn.In my opinion, its low valuation fails to compensate investors for earning risks. Economic and political uncertainty could outweigh the reward from an ever-increasing risk of holding the stock.It may be the case that the Lloyds share price is no longer as attractive to buy as it once was – and just like the car, others could come to replace the three-legged horse.UndervaluedBarclays’ (LSE: BARC) share price has sunk 27%, at the time of writing, since late October 2019 to a six-month low of 140p. Despite this, I think the stock is undervalued. Its strong financial performance and encouraging growth prospects makes Barclays a hidden gem for investors.Profit before tax, excluding litigation and conduct costs, is £6.2bn, up from £5.7bn in 2018. Meanwhile, it has outperformed on trading revenue from commodities, while fixed income increased by 19%.I believe these are excellent indicators of the progress Barclays has been making, and makes the stock a safe investment. Especially if a bear market is creeping into your portfolio!The City predicts Barclays’ earnings to rise 65% for 2020, and the bank has revealed an increase in the total shareholder dividend for the year of just over 38% to 9p per share.In my opinion, Lloyds may continue to underperform with its current structure facing an inevitable decline in market conditions, leading to a reduction in its dividend yield. Barclays, on the other hand, could increase its dividend yield, attracting investment and increasing its share price. John Wallace holds shares in Barclays and no shares in Lloyds. The Motley Fool UK has recommended Barclays and Lloyds Banking Group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Forget the Lloyds share price! I’d buy this FTSE 100 stock for my ISAcenter_img Enter Your Email Address Our 6 ‘Best Buys Now’ Shares Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. “This Stock Could Be Like Buying Amazon in 1997” See all posts by John Wallacelast_img read more

Yvytú House / Agustin Fiorito + Darío Colacce

first_img Yvytú House / Agustin Fiorito + Darío Colacce Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/956352/yvytu-house-agustin-fiorito-plus-dario-colacce Clipboard “COPY” Uruguay CopyAbout this officeAgustin FioritoOfficeFollowDarío ColacceOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesEl EdénOn FacebookUruguayPublished on February 05, 2021Cite: “Yvytú House / Agustin Fiorito + Darío Colacce” [Casa yvytú / Agustin Fiorito + Darío Colacce] 05 Feb 2021. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogPanels / Prefabricated AssembliesTechnowoodGRP Siding Façade SystemGlassMitrexSolar GreenhouseMetal PanelsAurubisMill Finished Copper: Nordic StandardMetallicsHAVER & BOECKERArchitectural Wire Mesh – MULTI-BARRETTE 8130Enclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsSealantsEffisusGutter Repair – TiteGutter3Aluminium CompositesSculptformAluminium Click-on BattensTiles / Mosaic / GresiteMargresPorcelain Tiles – Linea PrestigeMetallicsRHEINZINKZinc Roof Systems – Click Roll CapsTiles / Mosaic / GresiteTerrealTerracotta Cladding TileDoorsECLISSESliding Pocket Door – ECLISSE UnilateralWindowsJoskoWindows and Sliding Doors – ONE SeriesMore products »Save世界上最受欢迎的建筑网站现已推出你的母语版本!想浏览ArchDaily中国吗?是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream Save this picture!© Javier Agustin RojasCurated by Clara Ott Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/956352/yvytu-house-agustin-fiorito-plus-dario-colacce Clipboard Houses CopyHouses•El Edén, Uruguaycenter_img Yvytú House / Agustin Fiorito + Darío ColacceSave this projectSaveYvytú House / Agustin Fiorito + Darío Colacce Area:  72 m² Year Completion year of this architecture project 2017 “COPY” Collaborators:Carlos Colacce, Martín XifreCity:El EdénCountry:UruguayMore SpecsLess SpecsSave this picture!© Javier Agustin RojasRecommended ProductsCurtain WallsPOHLVentilated Curtain Wall – Europanel®WindowsStudcoSteel Window Reveal – EzyRevealDoorsLibartVertical Retracting Doors – Panora ViewDoorsVEKADoors – VEKAMOTION 82Text description provided by the architects. Located on Route 12 and in an environment of olive plantations, which shape a horizon of peaks and streams, the genesis of the house arises from the need to respect and challenge geography in a parallel way. In other words, the project seeks to establish its own rules and limits to be able to build a house that, above all, appropriates the land autonomously and in consideration of its own intentions.Save this picture!© Javier Agustin RojasSave this picture!© Javier Agustin RojasA line of rocks serves as the main support and abutment to establish the geometric reference axes from which the house is structured by grouping the private sector in a strip -which is above this natural line in a parallel direction- to then release the space public that, in a 45 degree turn, generates multiple links with the environment.Save this picture!© Javier Agustin RojasSave this picture!Floor PlanSave this picture!© Javier Agustin RojasOutside, a large triangular pergola, which underlines the importance of the outdoor-roofed spaces in these latitudes, is barely supported by a grid of slender pillars that recall an artificial forest and which becomes the place where the days pass: a middle of the natural environment and the domestic interior that in its typological and material indefiniteness leaves open multiple forms of use.Save this picture!© Javier Agustin RojasThe neutrality of its materials invites the various uses that we could imagine to develop there, almost without limitations.Save this picture!© Javier Agustin RojasProject gallerySee allShow lessHow Can Green Cities Create Equitable Futures?ArticlesCreative Spaces: Rainer Taepper Captures Series of Architectural OfficesArchitecture News Share ArchDaily Year:  Architects: Agustin Fiorito, Darío Colacce Area Area of this architecture projectlast_img read more

New! News from around the world

New! News from around the world AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 23 February 2000 | News UK Fundraising has added another free service. You can now read the latest news on charities and fundraising sourced from around the world. The stories are updated throughout the day.Read UK Fundraising’s International News. Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  17 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis read more

New England Baptist Radiology, PC Contracts with Healthcare Administrative Partners for Comprehensive Revenue Cycle…

first_img Facebook New England Baptist Radiology, PC Contracts with Healthcare Administrative Partners for Comprehensive Revenue Cycle Services Pinterest Local NewsBusiness Previous articleSnoopy shines in Apple TV+ series that’s true to its rootsNext articleCannabis Testing Market by Products & Software, Services and End-user – Global Forecast to 2025 – ResearchAndMarkets.com Digital AIM Web Support Twitter By Digital AIM Web Support – February 3, 2021 Twittercenter_img Pinterest Facebook MEDIA, Pa.–(BUSINESS WIRE)–Feb 3, 2021– Healthcare Administrative Partners (HAP), a leading provider of outsourced billing, coding, and practice management solutions for radiology practices, today announces the addition of New England Baptist Radiology, PC to its roster of radiology revenue cycle management (RCM) clients. Practicing at New England Baptist Hospital, the group offers a complete range of diagnostic and therapeutic imaging services to patients in eastern Massachusetts and New Hampshire. Under the terms of the agreement, HAP will perform all core revenue cycle services including billing, coding, carrier credentialing, and MIPS Measure Assurance Services. During their search, New England Baptist Radiology, PC was looking for an RCM partner to become an extension of their existing team. According to Dr. Samuel Madoff, “We knew that we ultimately wanted a partner with not only the experience and expertise to help us tackle our revenue cycle needs, but also true dedication to our group’s success. HAP’s track record of exceptional customer service really stood out to us and their personalized approached to revenue cycle management resonated well with members of our team. We are sure that HAP will be able to deliver on their promises as we bring them on as our new RCM provider.” Commenting on the new agreement, HAP’s Chief Revenue Officer, Rebecca Farrington, states that, “HAP has a strong New England presence with many other clients in the region, so we know that we have the knowledge necessary to assist New England Baptist Radiology, PC with their specific revenue cycle challenges. We are excited to bring on this group and look forward to cultivating this new relationship.” HAP also serves St. Vincent Radiological Associates, North Shore Radiological Associates, and Commonwealth Radiology Associates in the state of Massachusetts, and their Operations Center of Excellence is located in Portsmouth, NH. About Healthcare Administrative Partners Healthcare Administrative Partners empowers hospital-employed and privately-owned radiology groups to maximize revenue and minimize compliance risks despite the challenges of a complex, changing healthcare economy. We go beyond billing services, delivering the clinical analytics, practice management, and specialized coding expertise needed to fully optimize your revenue cycle. Since 1995, radiologists have turned to us as a trusted educator and true business partner. For more information, visit www.hapusa.com View source version on businesswire.com:https://www.businesswire.com/news/home/20210203005085/en/ CONTACT: Kelly Frace Marketing Director Healthcare Administrative Partners [email protected] Telephone: 610-892-8889 KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES HEALTH HOSPITALS PRACTICE MANAGEMENT FINANCE RADIOLOGY ACCOUNTING SOURCE: Healthcare Administrative Partners Copyright Business Wire 2021. PUB: 02/03/2021 08:39 AM/DISC: 02/03/2021 08:39 AM http://www.businesswire.com/news/home/20210203005085/en WhatsApp TAGS  WhatsApplast_img read more

‘Dean of storytelling’ Davis returns to Pike Piddlers Storytelling Festival

first_img Donald Davis is “the Dean of Storytelling,” said David “Doc” Kirby of WTBF-Radio. “No one who has ever heard him will contest that title. “I have been a fan of Donald Davis for 25 or 30 years and there is nobody who can tell a story and make you cry and laugh, back to back like him,” Kirby said. “I have read most all of Donald Davis’ books and there is not a story that he tells that I don’t like.” However, Kirby said seeing Donald Davis tell his stories takes you right where he is and doing right what he is doing. And, it’s an amazing journey. The New York Times said of Davis, “I could have listened all morning to Donald Davis … his stories often left listeners limp with laughter at the same time they struggled with a lump in the throat.”Davis will join Michael Reno Harrell, Sheila Kay Adams and Kevin Kling at the Pike Piddlers Storytelling Saturday at the Trojan Center Theater on the campus of Troy University.Tickets are $10 and are available for the 10 a.m. and 6:30 p.m. Saturday storytelling concerts at the Trojan Center Theater. The Friday night and Saturday 2 p.m. concerts are sold out.For tickets and information, call 334-685-5524. Tickets are available at The Messenger.The Pike Piddlers Storytelling Festival is sponsored in part by the Alabama State Council on the Arts with support for the National Endowment for the Arts. Sponsored Content Skip Latest Stories Troy falls to No. 13 Clemson Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthGet Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Donald Davis and the Grand Canyon. Enough said.Those who have heard Donald Davis tell the hilarious story of his trip to the bottom of the Grand Canyon on the back of a mule beg to hear it again.On Saturday night, the nationally acclaimed storyteller, will tell the Grand Canyon story at the 6:30 p.m. concert of the Pike Piddlers Storytelling Festival at the Trojan Center Theater. But Davis, the Dean of Storytelling, will also be a teller at the 10 a.m. and 2 p.m. storytelling concerts Saturday at the Trojan Center Theater on the campus of Troy University. Email the author Pike County Sheriff’s Office offering community child ID kits Published 3:00 am Wednesday, January 23, 2019 By The Penny Hoardercenter_img Book Nook to reopen Remember America’s heroes on Memorial Day Plans underway for historic Pike County celebration By Jaine Treadwell The Penny Hoarder Issues “Urgent” Alert: 6 Companies… Print Article You Might Like Sonny Reagan sworn in as circuit judge Newly elected circuit judge Sonny Reagan was formally sworn into office Friday morning during an investiture ceremony at the Pike… read more “The emotion with which he tells his stories is incredible, whether it’s a humorous story or a poignant one, the emotion is there,” Kirby said. “It takes a tremendous amount of emotional energy to be a great storyteller and Donald Davis’ stories are always packed with energy.”Kirby said, as much as he enjoys Davis’ “funny stuff,” it’s his poignant stories that “stay with you.”“I still remember the emotion that I felt when he told the sweet story of a father and son that took place during the Vietnam war era. Anyone, but especially any father and any son, would have been deeply moved by that story. I’ll long remember it.”Donald Davis was born in a Southern Appalachian mountain world rich with stories. The stories he tells are nourishing, true-to-life stories of his own neighbors and kin. ‘Dean of storytelling’ Davis returns to Pike Piddlers Storytelling Festivallast_img read more

Hate groups using similar online recruiting methods as ISIS, experts say

first_imgiStock/Thinkstock(NEW YORK) — Some alt-right and white supremacist groups are using the same online recruiting tactics pioneered by ISIS, al Qaeda and other foreign-based extremist groups to grow their ranks.John Cohen, an ABC News consultant and former acting Homeland Security undersecretary, notes that many of these groups – both foreign and domestic – appeal to the same type of person in the same type of way.“All of these extremist groups promote an agenda that focuses on fighting those who are victimizing them and that resonates with these individuals who all believe that they have personally been victimized in their own lives,” Cohen said in an interview.The most recent possible example is the Parkland, Florida, school rampage. After the deadly Feb. 14 shooting, it was reported that shooter Nikolas Cruz had a swastika on one of the ammunition magazines found at the school, a law enforcement source told ABC News. Cruz’s public defender, Howard Finkelstein, later said anti-Semitic postings made by Cruz were discovered by investigators after the shooting, which left 17 students and staff from Marjory Stoneman Douglas High School dead.“When you see someone falling off the grid, what happens is they have less and less connection to what you and I know as reality. They become more and more connected to other people who fall off the grid. And that’s why it’s not a surprise that when you got nothing you end up in some, you know, skinhead Aryan Nazi hate-Jew group. So it fits the picture that everybody should have seen here,” Finkelstein said.Oren Segal, the director of the Anti-Defamation League’s center on extremism, reiterated that the online propaganda for hate groups mirrors the way that ISIS and other extremist groups, who, he says “were sort of early adopters to technology,” have been trying to approach Americans for years.“What we have seen in, I’d say the last two years, is the white supremacists and in particular the alt-right finding new ways to exploit social media platforms [and] recruit adherents to make use of the tools that are pretty much available to anyone,” Segal said.The Internet “has never been the sole domain of ISIS or al Qaeda. White supremacist propaganda has been available the way that ISIS and al Qaeda propaganda has been available online for years,” Segal said, noting “there’s more accessibility … than ever before.”Cohen pointed to slickly produced videos, almost like music videos or movie trailers, that ISIS and similar groups create with the “underlying message [of] ‘join our cause, you will be a part of our family and your life will have meaning.’” Cohen said that thematically similar videos featuring footage of protesters carrying tiki torches in Charlottesville were “posted throughout the white supremacist social media world” after the August protest.Ryan Lenz, a spokesperson for hate group watchdog organization the Southern Poverty Law Center’s Intelligence Project, told ABC News “the Internet is a place of both passive and active radicalization.”“ISIS as an organization has a very deliberate and systematic means of reaching out to people online. The alt-right does so in a very different fashion. More often than not, people stumble into an ideology on the far right,” Lenz said.Both Segal and Lenz pointed to Dylann Roof, the Charleston church shooter who killed nine people in 2015, as another example of a young American man who became fascinated with racist ideologies. During a police interview that was later shown in court, Roof said that he was reading about the Trayvon Martin case online and “for some reason I typed in ‘black on white crime’ and ever since then” he had looked into race issues.The SPLC released its annual report called “The Year in Hate & Extremism” last month and noted how large online audiences for white supremacist groups had grown. Specifically looking at The Daily Stormer, which the SPLC called “rabidly racist and anti-Semitic,” the report stated that the site averaged 140,000 unique page views a month in the summer of 2016 but had reached 750,000 unique monthly views in August of 2017, before the violent rally in Charlottesville.“When you look at how the white nationalist movement has evolved in the United States in the last, say five years, there is no doubt that the Internet has become a principle grounds for recruit and radicalization,” Lenz said.Some technology companies took action to curb the spread of hate groups online. Web hosting service GoDaddy gave The Daily Stormer 24 hours to find a new provider after the Charlottesville rally and when it switched to Google Domains the site was rejected based on the company’s terms of service. Similarly, certain crowdfunding sites have rejected campaigns that raise money based around hateful beliefs.Cohen said young male attackers can be easily influenced by whatever material they see first online.“In some cases, they find material posted by ISIS and that’s what resonates with them and they connect with that cause. In other cases, these individuals come upon materials posted by white supremacists, anti-government militia or other extremists groups and they self-connect with that cause instead, but the result is the same,” Cohen said.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Marconi crisis led to training change

first_imgRelated posts:No related photos. Previous Article Next Article Marconi crisis led to training changeOn 4 Jun 2002 in Personnel Today The crisis at telecoms giant Marconi last year prompted the creation of acomprehensive online learning programme, according to the firm’s vice-presidentfor leadership development. Dina Consolini said the online learning project was introduced to improveand standardise staff development after the slump in the telecoms marketsforced the firm to axe 8,000 jobs worldwide in November 2001. “If it hadn’t gone so badly wrong we probably wouldn’t have come downthis route. But because of the situation it has come to the attention of theCEO,” she said. Previously, training used traditional methods, with classroom learningdistributed locally and varied depending on location. “Traditional training is just not sufficient to deal with the needs ofthe company and online learning provides an effective global alignment. It’salso more time and cost effective,” she added. Marconi University was launched last summer, drawing on learning expertsfrom around the company to offer a worldwide training network. The firm alsodeveloped an in-house executive coaching programme and a PDP system. Consolini, speaking at the IQPC HR Measurement conference, also said thefirm would outsource more of its administrative HR. Comments are closed. last_img read more

HR thinkers: History repeating itself

first_img Previous Article Next Article Comments are closed. Related posts:No related photos. In January of this year, professor Cary Cooper of Lancaster University Management School published a paper indicating that the single biggest determinant of an organisation’s productivity was the degree of engagement that the employees have with the task. It was just over 70 years since the psychologist Elton Mayo came to the same conclusion.In the intervening period, dozens of studies have reached the same outcome. So why has this wealth of evidence had barely more than a pin-prick’s influence on the way the vast bulk of companies organise themselves? Why is the average call centre still run on the basis of transaction cost, rather than employee skill and commitment?Some commentators argue that most HR studies only show a direct correlation between satisfied staff and good business, not a cause-and-effect link. However, the gains from high employee commitment can be huge, so the explanation must run deeper.Andrew Lambert, founder director of the Corporate Research Forum (CRF) – a network of researchers and employers dedicated to looking at the link between people development and business success – says there are no simplistic, linear relationships. “It is certainly not done and dusted that you just spend money on people and see a return,” he says. “A number of things have to come together.” Core componentsMany organisations are now using internal measurements of their workforce and comparing them with business results to help understand the relationship between the two. Last month, a poll of CRF members revealed that employee surveys were far from just a ‘nice to have’ and were now positioned as a core management tool.Standard Chartered Bank, for example, has worked with research company Gallup to measure engagement since 2000.“We have found that bank branches with high levels of engagement outperform those with weaker engagement on a range of measures, including revenue and profit margin growth, customer satisfaction, and employee loyalty and retention,” explains Debbie Whitaker, group head of human capital management at Standard Chartered.The bank also has a human capital scorecard to ensure that core people measures – such as the talent pipeline and retention of top performers – are integrated with business planning.Nick Starritt, a director of the Performance and Reward Centre – a sister organisation to the CRF for senior reward directors – agrees that the next step is to develop more standardised methods. “The HR function hasn’t been codified in the same way as other disciplines,” he says. “Therefore, I don’t think it has appealed to professional business people.”The importance of measurement methodologies can be illustrated by examples from history where breakthroughs in employee engagement practices have become corrupted over the years. W Edwards Deming, considered to be the intellectual father of the ‘quality’ movement, set out 14 management principles, eight of which were people-related. These included driving out fear, promoting teamwork and instilling continual learning. Companies such as Sony and Toyota embraced the principles and have been strikingly successful. But in other attempts the ‘people’ elements mysteriously disappeared.Driving out the fearClive Morton, director of the Morton Partnership, is a former HR director who has worked for both British and Japanese manufacturing firms. “Deming was talking about teamwork at a time when, frankly, it was not common parlance,” says Morton. “He believed, fundamentally, that you had to drive fear out of the workplace. Nowadays, you still have people at the highest levels in our organisations who firmly believe in fear.”Some argue that the HR profession itself is to blame for the failure of management principles. Rhiannon Chapman, adviser on people and skills at the Society of British Aerospace and a former chief executive of the Work Foundation, says HR has been an obstacle to disseminating these principles.“HR, to its own misfortune, has developed an air of mystique about what it does. It uses a lot of jargon and keeps itself to itself,” she says. “I have heard HR people claim to be the conscience of the business, which is outrageous and appallingly insulting to their line colleagues. That distancing hasn’t helped at all. Line management thinks that HR is complicated and mystifying and best left to the HR people.”At the Society of British Aerospace, Chapman has made an effort to work closely with process experts to build the skills the sector needs, using language that line managers are familiar with.Rules of engagement According to Starritt, mainstream management thinking has to change too. “A highly engaged workforce outperforms a merely satisfied one time and time again. Why wouldn’t business schools be teaching aspiring managers more on the softer skills needed to create conditions for an engaged workforce?” he asks. And there is a wider conceptual barrier. The operating and financial reviews – proposed, then scrapped and now under reconsideration by the government – rest on the assumption that people reporting is a mere supplement to traditional measures that are more commercially useful.It could be argued that the opposite is nearer the mark. A recent article by Rick Guzzo and Haig Nalbantian of Mercer HR stated that “about a quarter of the company reports seem oblivious to the fact that business operations actually require a workforce”. Most HR managers would contest that it’s unfair that they should have to demonstrate conclusive evidence of their worth when no other discipline in management has to. Either way, history has thrown up a wealth of different approaches to measuring how developing people affects business growth. Choosing the right one is the challenge.Philip Whiteley is a writer for the Corporate Research Forum and Performance and Reward Centre.HR theories through the years1920s-1930s: Elton Mayo and the Hawthorne experiments The Hawthorne experiments were conducted by the psychologist Elton Mayo in Western Electric’s Hawthorne plant in Cicero, Illinois, US, between 1927 and 1932. The researchers selected a group of workers and increased the lighting as they worked. Productivity went up. Then they decreased the lighting. Productivity went up again. The researchers concluded that it was the initiative of paying attention to people’s efforts that was the biggest single determinant of improved performance.1930s-1950s: W Edwards Deming and ‘total quality management’W Edwards Deming developed the total quality management (TQM) approach, which is based on teamwork, multi-skilling and driving out fear. He, along with Joseph Juran, is largely credited with devising the ideas of teamwork that led to the rise of the Japanese manufacturers in the 1960s, 1970s and 1980s.1970s to the present: Gallup, International Survey Research, SirotaSirota compares US stock market performance over two 12-month periods. Client companies with high engagement scores were compared against peer companies, likewise those with low engagement scores. In 2002, when the Dow index was struggling, share price of companies with high engagement outperformed their peer group by more than 18%, whereas the low engagement companies’ stock price declined by about 3% more than their peers. The 2004 scores had slightly different percentage scores, but showed the same reciprocal relationship.1980s to the present: Jeffrey Pfeffer & Mark HuselidJeffrey Pfeffer, professor of organisational behaviour at the Stanford Graduate School of Business in the US, has amassed a wealth of evidence on the links between effective management of people and business success. Mark Huselid at Rutgers University has published research showing that firms that make people development a strategic objective consistently perform better than others.Corporate Research Forumwww.crforum.co.ukPerformance and Reward Centrewww.parcentre.comPeople still matter – just ask the top companieswww.personneltoday.com/33034.articleEvents that shaped HRwww.personneltoday.com/2654.article HR thinkers: History repeating itselfOn 11 Apr 2006 in Personnel Todaylast_img read more