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Succession Planning for e-Commerce
Everyone in the tech economy mourned the recent passing of Apple cofounder Steve Jobs. Even in an era of sweeping technological change, his innovations disrupted many business models well beyond Apple's own product markets. His biographer, Walter Isaacson, listed six in his eulogy of Jobs (http://bit.ly/tuy59O):
- Personal computers;
- Animated movies;
- Music;
- Phones;
- Tablet computing; and
- Digital publishing.
Of greater relevance to readers of this publication is that others have also included retailing and e-commerce in that list because of the way Apple's devices have changed the way people shop.
But only time will tell if he properly handled a challenge that faces every entrepreneur: succession. In other words, what happens to the business after the founder decides that 20-hour days have to end, and the staff has to be responsible to run the business when the founder or most significant leader moves on ' or, as in Jobs' case, when that decision is made for him by an illness that his millions of dollars could not beat?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.