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Archive for the ‘interesting’ Category

~750k people apply to McKinsey per year

I’m a little late to this, but this was a interesting short interview with McKinsey’s new incoming CEO. Key highlights for me:

  • About 750,000 individuals apply to work there every year. Fewer than 1 per cent were successful
  • 2,000 partners and 28,000 staff across 65 countries that has registered breakneck growth over the past decade, doubling revenues to $10bn.
  • It is considering a “long list of opportunities”  — largely in the area of data analytics, digital and the internet of things
  • Of current employees, 37 per cent have MBAs — a proportion that will fall to “less than a third”
  • It’s alumni group is about ~35k strong

Worth a quick read.

 

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90% of rides controlled by Softbank

May 18, 2018 1 comment

There’s a nice article in the Economist about Softbank’s over sized fund & ambition in the tech space. The part that caught my eye was the following quote

90% of rides hailed in the world—45m a day—use one of the firms in which SoftBank has stakes

Wow. That’s thinking big.

Categories: interesting, travel Tags: ,

High stress consulting = Early death?

April 13, 2018 1 comment

Nice little chart from 1843 on how much the residents of each country sleep on average vs. their GDP.

DataGraphicSleep

The part that caught my eye was on that may resonate with overworked consultants.

Two weeks of six-hour nights slows your brain as much as pulling two consecutive all-nighters; doing so consistently increases your chance of an early death by 13%.

Hmm.

Categories: consulting, interesting Tags: ,

Uber’s Marcus Aurelius

Nice article on Uber’s new CEO in the New Yorker this week. Some familiar stuff (Uber’s awful culture, their brash tactics) plus some more light on the new CEO’s background (immigrant from Iran, the board room drama behind his appointment, India refusing to give him a visa when he was CEO of Expedia) etc. Quote of the article for me (from an ex-Uber employee):

The elephant in the room was whether the business model even works

Definitely worth a read.

Categories: interesting Tags: ,

50% work at companies with fewer than 1000

February 16, 2018 Leave a comment

In the tech space, there’s often confusion about the “mid market or SMB” segments; there usually are no standard definitions between companies. I, hence, found the following chart in a report (Credit Suisse, September 2017) on Oracle’s potential opportunity in the mid-market interesting since it has precise numbers.

employment by firm size

Apparently while ~1/2 of employees work for firms with fewer than 1000 people, ~30% work for firms greater than 10,000.

 

Categories: interesting, tips Tags: ,

Glassdoor “face-lift” costs six figures?

February 5, 2018 Leave a comment

officeInteresting article in the New Yorker a few weeks ago on the rise of Glassdoor and the changes that it has brought to the way companies manage their brand. Glassdoor, a company founded ~10 years ago, is the second most popular jobs website (after Indeed.com) and is now worth $1B. Apparently ~80% of job seekers in the US read its reviews. The part that caught my eye was the fact that while a “basic” profile page for a company at the site is free, to have a claimed page (“the face-lift”), one must pay Glassdoor a minimum of $6K a year to something well into the six figures. Sounds like a shakedown to me.

Categories: interesting Tags: ,

Fake followers cost a penny each

January 28, 2018 Leave a comment

Great article in the NYT today about the rise of companies selling followers to people on Twitter. Apparently the going rate is about a penny per follower. That’s a deal when compared to what an ‘influencer’ may make with a single promotional tweet – $2000 if you have 100,000 followers and $20k if you have a million.

Categories: digital, interesting Tags: ,