Executive Summary In the early days of financial planning when an advisor’s primary function was to provide access to capital markets, fees that clients paid were baked into the cost of the product they were buying. With the advent of planning as a service, however, fee transparency became an important feature for clients. Accordingly, charging […]
Archives for September 2020
Safety of employees, customers ranks as top pandemic-related concern
Finance executives in the United States rank safety of employees and customers as their greatest pandemic-related business concern as some return mainly or entirely to traditional, on-site operations, according to a third-quarter survey. Supplemental questions in the AICPA Business and Industry Economic Outlook Survey, released Sept. 3, dealt with how companies are thinking about remote […]
WeWork sells control of China unit, says it got $200 million funding
US office-sharing firm WeWork on Thursday said it will sell control of its China division to one of its investors – private equity firm Trustbridge Partners – as it steps back from a competitive market where it has suffered low-occupancy rates. The deal effectively offloads the China unit away from the parent, which has faced […]
Oyo India staff seek adequate compensation, may move court
After Oyo Hotels & Homes announced its employees on the leave with limited benefits (LwLB) plan in India will have to either opt for a voluntary separation programme (VSP) from the company or continue with the existing plan till February, 2021 earlier this month, some impacted employees across Indian cities have banded together on social […]
Finding the political chasm in a story is what we have to do now, says Netflix co-CEO Ted Sarandos
In an interaction with author Anupama Chopra, Netflix co-CEO Ted Sarandos, who is also the chief content officer,talks about the success of Indian stories globally and getting the creative process right in India. Edited excerptsThe entertainment business has been ravaged by the pandemic. What is your biggest concern?The biggest thing that we have been focused […]
The travel industry is never going to be the same again, says Airbnb CEO Brian Chesky
In an exclusive chat with Satyan Gajwani, vice-chairman of Times Internet, Airbnb CEO Brian Chesky talks about leading the company during the pandemic. The ET Global Business Summit is built for the business and political leadership of India and it would be great to understand from the founder and CEO what exactly Airbnb is and […]
Facebook removes fake accounts spreading Chinese propaganda
Facebook Inc said it detected and removed a small scale network of fake accounts aimed at distributing Chinese propaganda and disinformation across Southeast Asia and the US. Disguised as local operators, the accounts sought to amplify pro-China messaging over its control of the South China Sea and surrounding area, while promoting political leaders deemed to […]
Support for new startups tops wish list for small businesses in Australia’s Federal Budget
As the Federal Budget approaches, small businesses are looking to the Government to introduce further measures that support the sector’s rebuild. At the top of their list is new business incentive schemes, with nearly one in three businesses (29%) hoping that’s what the budget will deliver. We recently surveyed more than 500 Australian small businesses […]
Trump won’t commit to peaceful transfer of power if he loses the election
President Donald Trump refused Wednesday to commit to a peaceful transition of power if he loses the 2020 election to Democratic nominee Joe Biden. “Well, we’ll have to see what happens. You know that. I’ve been complaining very strongly about the ballots. And the ballots are a disaster,” Trump said at a news conference at […]
U.S. Justice Department proposes changes to internet platforms’ immunity
President Donald Trump met with nine Republican state attorneys general on Wednesday to discuss the fate of a legal immunity for internet companies after the Justice Department unveiled a legislative proposal aimed at reforming the same law. Trump met with attorneys general from Arizona, Arkansas, Louisiana, Mississippi, Missouri, South Carolina, Texas, Utah and West Virginia. […]