by. Rob GarverA report expected later this year from the Government Accountability Office is expected to lend support to a growing movement aimed at reducing the size of the largest banks in the United States. And advocates of breaking up the big banks are standing in line with proposals for just how to make that happen.The GAO is scheduled to deliver the second half of a pair of reports on the nation’s biggest banks. The first half, issued late in 2013, found that the federal government delivered more than $1 trillion in direct support to the financial industry during the financial crisis, the majority of which went to the very largest banks.The second half will place a value of the implicit subsidy the largest banks continue to receive because of the widespread perception, cemented by the bailout of the banking system during the financial crisis, that the largest banks in the U.S. are “too big to fail.” The subsidy comes in the form of lower interest rates, because bondholders and other lenders assume that their investments have an extra level of protection because the government can’t afford to let one of the big banks fail and take the rest of the economy with it.It’s unclear how large the GAO will determine the subsidy to be, but estimates have already been made by outside experts. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
This year’s group draw has once more apparently been favourable to Ferguson’s side, with United up against Braga, CFR Cluj and this week’s opponents from Turkey.Ferguson has confessed to having seriously misjudged last season’s competition, in which he experimented with line-ups and rested key players, and the fact that Robin van Persie and Shinji Kagawa both started Saturday’s 4-0 Premier League win over Wigan on the bench is a clear sign the Scot will be fielding his strongest side against Galatasary.“If we don’t go through, we will be criticised and pilloried for it and quite rightly,” said Ferguson. “We’ve had our warning and I don’t anticipate going out this time.“We’ve had opportunities in the competition. We’ve lost two finals to Barcelona and won two in the last decade or so but we want to do better. Certainly, we’ll do better than last year – no question about that.”While Ferguson has also expressed his desire to wrestle the Premier League title from Manchester City this season, there is no doubt he also retains a burning ambition to lead United to what would be a fourth European crown.“The European Cup is incredible,” added Ferguson. “There’s an atmosphere in the build-up to a European final and great charisma about it.“Also, without question, it elevates your status within the game like the Real Madrids and AC Milans. We want to be up there in terms of the number of trophies won in European football.”However, given the experience of last season – in which eventual Premier League champions City also failed to reach the knock-out stages – Ferguson is wary of complacency creeping into his squad.“We’ve seen some examples of that over the last few years,” said Ferguson of the danger of an upset in the competition.“For instance, the Cypriot team (Apoel Nicosia) getting to the quarter-finals and Basel beating us and getting to the next stage against Bayern Munich.“There are a couple of other examples of the lesser-known teams doing well and Monaco played Porto in the final one time, which was a surprise. But, at the end of the day, you always think one of the big ones is going to win it.“It doesn’t do the competition any harm, to be honest with you and who would have predicted Chelsea winning it last season?.“The only thing you can think about is qualifying.”United seem certain to start van Persie and Kagawa against Galatasary, with veteran defender Patrice Evra, also rested on Saturday, poised to return.The Turkish side still remember, with pride, the 1993 Champions League campaign in which a 3-3 home draw, followed by a goalless stalemate at Old Trafford, saw them knock United out of the Champions League on away goals.Fatih Terim, Galatasaray’s current coach, believes his side are capable of repeating that upset.“I don’t need to tell you how Manchester United are a big club,” he said.“We respect them but we don’t fear them. We are going to England for a good result.“Years ago we made history against them. I believe Galatasaray can repeat that success.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000MANCHESTER, United Kingdom, September 18 – Sir Alex Ferguson has vowed Manchester United will not repeat the mistakes of last season’s Champions League campaign as his side prepare for their opening match in this term’s group stages.United host Galatasary at Old Trafford on Wednesday with memories still fresh of last season’s group campaign when Ferguson saw his team fail to reach the knock-out stages from a pool containing seemingly modest opponents in Benfica, Basel and Otelul Galati.
Help your CEO become a leader for the year 2020.The changing job of the CEO is being discussed a lot these days. Companies and boards have come to realize that the CEO is a key player in attracting and retaining the talent needed to take the company into the forefront of their industry. But CEOs need to change in order to do that and HR is in the best position to help them do so.The coming change in the CEOConsultant and writer Laura Garnett wrote an article in Forbes based on an interview with Maynard Webb, who serves or has served on the boards of Yahoo and Salesforce and has written the book Rebooting Work. The article states that the old way of leading, command and control, no longer works. Webb states that “having an inspiring and engaged workforce is key to success.” In a post that I wrote about the CHRO helping the CEO I talked about a survey done that showed the successful CEO in 2020 will have to have more of a “coaching style” of management. In both these situations it is clear that CEOs need to change. In my opinion there is no one in the organization better suited to help the CEO change than the Chief Human Resources Officer. (CHRO)People firstWebb says that the successful CEO of the future will need to have a “people first” approach. Garnett quotes him as saying “The biggest priority should be helping each employee fulfill his or her destiny. Create a workplace that’s focused on helping employees get as far along on their journeys as they can, and you will never lose anybody. Focus on employee success en route to delivering company success.” Who is better positioned in the organization, or at least should be, to help the CEO achieve this people first approach than the CHRO? The CHRO should have the data on what is being done. The CHRO should have the resources to enable the organization to change. But first the CHRO has to have the ear of the CEO.The CHRO needs to…As I said in my previous post, published at Blogging4Jobs:One of the most important ways HR can help the CEO to prepare for these new challenges, is to work with and learn how to apply big data analytics to the selection of talent, and the development of teams that are capable of producing innovative services and products.The CHRO must also help the CEO understand the new workforce and help create a plan for the best use of this talent base. Developing innovative ways to use technology to select, assemble, evaluate, lead and alter teams as needed will be critical for the CHRO.There is a lot for the CHRO to do in this endeavor. As I said, “If you, as a CHRO, are not experimenting with new forms of technology, new forms of management, new forms of compensation, and new forms of building teams, you will not be prepared by the time 2020 gets here.”Webb sites Marc Benioff, the CEO of Salesforce, as an example of a CEO who can inspire and engage employees, and for that matter customers and suppliers alike. I have attended Dreamforce, the Salesforce annual conference, twice and the place exudes inspiration. Two years ago in a post called How You REALLY Create Jobs I estimated that Benioff’s efforts were responsible for at least 900,000 jobs. I am sure that today that number has risen substantially. I will be going again this year.At Salesforce HR is called “Employee Success”. This certainly sends the signal about “employee first.” According to Webb “Salesforce has been named the most innovative company for the last four years, and we achieved that through a fired-up workforce and energy. It’s more like a rock concert than a computer show. The energy and capability of an organization expands exponentially when you have engaged and passionate people working for you.” I personally can attest to the rock concert vibe of the conference.Can it pay dividends for you?If you can get your CEO to realize the importance of changing and work with them to help them coach and inspire and engage then I guarantee your job will also be more interesting and rewarding. Challenge yourself to create ways to change your HR department to an “employee success” organization. Everyone will be glad you did!Originally posted at OmegaHRSolutions.com
Owen Hargreaves has urged Manchester United boss Jose Mourinho to keep the faith with Paul Pogba against Arsenal at Old Trafford on Wednesday night.The Frenchman has been heavily criticised in recent weeks for his poor performances in the middle of the park, most recently during United’s 2-2 draw at Southampton on Saturday.The World Cup winner was guilty of relinquishing possession on a number of occasions, while also offering little in attacking situations as Mourinho’s men dropped eight points behind Arsenal in the race for a top-four finish. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! A win against the Gunners could close that gap significantly and, ahead of the huge clash at Old Trafford, former United midfielder Hargreaves has backed Pogba to retain his place in the starting XI.”He’s their best midfield player, he should start, regardless of what’s going on behind the scenes,” he told BT Sport.”As much as he and the team are struggling, they need him because he’s their best player.”I don’t understand the benefit of having him on the bench.”Hargreaves also discussed Pogba’s overall game in greater detail, suggesting that he and United will have to improve on their recent displays to avoid another disappointing result.”I can’t think of an Arsenal team that can go to Old Trafford and be dubbed as favourites, but Pogba’s display against Southampton along with everyone else was poor,” he added.”When Pogba plays poorly it’s when he takes too many touches. There was frustration on his part and he made some poor decisions.”Arsenal are currently unbeaten in 19 matches across all competitions and come into their latest fixture fresh from a thrilling 4-2 derby win against Tottenham last weekend.Meanwhile, United are now without a win in three Premier League games and cannot afford to lose any more ground in the table ahead of a hectic winter schedule. Check out Goal’s Premier League 2019-20 fantasy football podcast for game tips, debate and rivalries.