Archive for the ‘Uncategorized’ Category

Duties of a Controller:

Posted: March 9, 2012 in Uncategorized

Duties of a Controller:

  • Prepare accurate and timely financial statements
  • Assess, design and set up accounting systems to ensure effective and efficient recording of accounting transactions
  • Evaluate and recommend changes to internal controls
  • Identify critical success factors and ways to measure them
  • Monitor adherence to established operating procedures and internal controls
  • Prepare/review general ledger accounts to ensure the integrity and accuracy of accounts
  • Manage and perform accounting and month end closing
  • Assist in analysis of Buy vs. lease decisions
  • Manage fixed asset accounting and reporting
  • Manage cash flows, collections and payments
  • Provide management with financial and operational information vital to the decision-making process including revenue streams, costs and margins
  • Review and analyze results for operational management
  • Facilitate management meetings
  • Hire, train and retain competent accounting staff
  • Effectively develop and manage accounting staff
  • Assist with tax functions as well as special projects
  • Coordinate activities of external auditors
  • Prepare support schedules for year-end work papers
  • Perform other assignments as directed
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Apple Mkt Cap Hits $500B

Posted: February 29, 2012 in Uncategorized

Half a trillion dollars.

With a little up move after hours, Apple now has a market capitalization of $500.1 billion.

Astonishing.

The stock is now at yet another all time high. After rallying $9.65, or 1.8%, to $535.41 in the regular session – closing at the high for the day and giving the company a market cap of $499.2 billion – the stock has inched up another 96 cents after hours to $536.37. That’s just enough to push the stock’s market cap to the north side of a half trillion bucks.

The stock is now up 32.4% for the year to date.

Apple now has at least twice the market cap of all but three other U.S.-listed public companies:

The Street‘s mean analyst target for the stock is $572.10; the median target is $600; the highest target on the Street is $700.

To get to a trillion dollars, Apple’s shares would have to hit $1,073.

Maybe by that point the company will be paying a dividend.

Update: I would note that Apple is in rarified air here, but it is not the first company to cross the $500 billion level; PetroChina, Exxon, Microsoft, General Electric and Cisco Systems have all visited this neighborhood before; but note that none of the others were able to hold above the magical half-billion mark. (PetroChina at one point had a valuation north of $1 trillion.)

View on strategic planning

Posted: February 28, 2012 in Uncategorized

I have a strategy and a plan about where I’d like to be in three years, but I never let the plan get in the way of the first shot in the battle.

I see a lot of organizations trying to make the world fit their plan.  It’s not possible. The world is changing too quickly. The ability to be nimble is the single determinant between those that are succeeding and those that are failing. Rigidity is the enemy of progress. The most successful companies embrace the world’s chaotic energy. Chaos opens up opportunities.

 

“the trust principles”, drives our DNA and ensures that we are ethical, honest, and not conflicted in the way we works.

I really believe we’re doing something for the world.  People are passionate and incredibly energetic.  And at the core of our culture is organizational curiosity.

I think curiosity is an enormous determinant of organizational and individual success.

I try to push our company out into the world.  It’s very easy for companies to get introspective.  It’s very easy for companies to be convinced that the actions inside are the answers. When you’re a big company, there’s a lot of action inside, but we must be curious and nimble utilizing real time information.  That is why rigidity is the real the enemy.

 

I do something called “deep dives” with everybody from my general council to my head of sales to my head of marketing 3 of 4 times a year. We don’t talk about results.  We talk about the world and the business and strategy.

We don’t discuss, “How are you doing according to your plan?”  Instead we discuss, “How are we going to be the world’s best in India?”  “How are we going to double the size of this business in three years?”

And a lot of times, those are just very whiteboard-type thinking sessions which I think ultimately drive organizational curiosity.

Leadership philosophy

I try to avoid being hierarchical. I try to be optimistic and curious and encourage innovation everywhere.

Running a company is fine.  Changing a company is what energizes both me personally and the organization.  There’s no such thing as going sideways.  If you’re going sideways, people get antsy, they get miserable, the organization stagnates and you’re going backwards even if you kid yourself that you’re going sideways. So I try to help the company get into that energizing innovation and breakthrough.

 

Top 100 companies 2012

Posted: February 27, 2012 in Uncategorized
Rank ▾ Company Job growth U.S. employees
1 Google 33% 18,500
2 Boston Consulting Group 10% 1,958
3 SAS Institute 8% 6,046
4 Wegmans Food Markets 5% 41,717
5 Edward Jones 1% 36,937
6 NetApp 30% 6,887
7 Camden Property Trust -2% 1,678
8 Recreational Equipment (REI) 12% 10,466
9 CHG Healthcare Services 17% 1,312
10 Quicken Loans 20% 3,808
11 Zappos.com 70% 3,003
12 Mercedes-Benz USA 2% 1,680
13 DPR Construction 18% 1,265
14 DreamWorks Animation 8% 2,151
15 NuStar Energy 6% 1,512
16 Kimpton Hotels & Restaurants 4% 6,996
17 JM Family Enterprises -1% 3,685
18 Chesapeake Energy 23% 10,502
19 Intuit 9% 7,102
20 USAA 7% 23,211
21 Robert W. Baird 5% 2,509
22 The Container Store 11% 3,495
23 Qualcomm 6% 13,353
24 Alston & Bird 3% 1,645
25 Ultimate Software 15% 1,209
26 Burns & McDonnell 5% 3,165
27 Salesforce.com 39% 3,802
28 Devon Energy -6% 3,286
29 PCL Construction -5% 1,262
30 Bingham McCutchen -7% 1,489
31 Scottrade 9% 3,139
32 Whole Foods Market 6% 60,213
33 Goldman Sachs N.A. N.A.
34 Nugget Market 8% 1,135
35 Millennium: The Takeda Oncology Co. 3% 1,311
36 Southern Ohio Medical Center 18% 2,276
37 Plante Moran 1% 1,476
38 W. L. Gore & Associates 2% 5,852
39 St. Jude Children’s Research Hospital 1% 3,580
40 SVB Financial Group 9% 1,349
41 Adobe 11% 5,296
42 Baptist Health South Florida 10% 13,302
43 Novo Nordisk N.A. 3,961
44 Balfour Beatty Construction -2% 2,041
45 National Instruments 7% 2,708
46 Intel 4% 44,209
47 American Fidelity Assurance 0% 1,490
48 PricewaterhouseCoopers 9% 30,569
49 Children’s Healthcare of Atlanta -1% 6,616
50 World Wide Technology 23% 1,470
51 Allianz Life Insurance 2% 1,711
52 Autodesk 5% 2,798
53 Methodist Hospital 8% 12,152
54 Baker Donelson 3% 1,142
55 Men’s Wearhouse 2% 14,784
56 Scripps Health 2% 12,006
57 Marriott International 3% 108,939
58 Perkins Coie 7% 1,820
59 Ernst & Young 6% 24,347
60 American Express 4% 27,235
61 Nordstrom 6% 52,431
62 Build-A-Bear Workshop 0% 3,564
63 General Mills 1% 16,939
64 TDIndustries 9% 1,554
65 Atlantic Health -2% 7,255
66 QuikTrip 3% 11,615
67 Deloitte 7% 41,125
68 Genentech 1% 11,592
69 Umpqua Bank 5% 2,244
70 Teach For America 14% 1,469
71 Mayo Clinic 3% 41,949
72 EOG Resources 13% 2,063
73 Starbucks 3% 109,477
74 Rackspace Hosting 37% 3,027
75 FactSet Research Systems 22% 1,663
76 Microsoft -4% 53,410
77 Aflac -4% 4,242
78 Publix Super Markets 1% 147,760
79 Mattel -4% 5,178
80 Stryker 24% 10,368
81 SRC 7% 1,153
82 Hasbro 3% 3,129
83 Bright Horizons Family Solutions 5% 14,343
84 Booz Allen Hamilton 7% 24,819
85 Four Seasons Hotels & Resorts 6% 12,439
86 Hitachi Data Systems 7% 2,200
87 The Everett Clinic 4% 2,001
88 OhioHealth 4% 12,924
89 Morningstar 8% 1,364
90 Cisco 7% 34,847
91 CarMax 16% 15,565
92 Accenture 9% 34,000
93 GoDaddy.com 25% 3,274
94 KPMG 5% 20,823
95 Navy Federal Credit Union 8% 7,745
96 Meridian Health 27% 9,333
97 Schweitzer Engineering Labs 27% 1,992
98 Capital One 7% 27,912
99 Darden Restaurants 12% 169,516
100 Intercontinental Hotels Group -2%

Paul Buchheit

Posted: February 27, 2012 in Uncategorized

Paul Buchheit is an American computer programmer and entrepreneur. He was the creator and lead developer of Gmail. He developed the original prototype of Google AdSense as part of his work on Gmail. He also suggested the company’s now-famous motto “Don’t be evil” in a 2000 meeting on company values.The motto was originally coined in 1999 by Amit Patel, one of Google’s first engineers, in a collaborative resistance against the company’s hiring policies.

Buchheit grew up in Webster, New York and went to college at Case Western Reserve University in Cleveland, Ohio. He worked at Intel and later became the 23rd employee at Google.

Buchheit was a founder of the startup FriendFeed, which was launched in 2007 and was acquired by Facebook in 2009, in a private transaction.

In 2010, Buchheit left Facebook to become a partner at the venture capital firm Y Combinator. From 2006 (when he started investing) until 2008, Paul invested about $1.21 million in 32 different companies. He also continues to oversee angel investments of his own, in (by his own estimate) “about 40” startups.

He won the 2011 The Economist Innovation Awards for the Computing and telecommunications

links

Posted: December 16, 2011 in Uncategorized

http://www.cbsnews.com business and tech news.