DeMarcus Cousins’ debut with Warriors: 10 things to watch

first_imgIt may not be surprising Green boasted to NBC Sports Bay Area’s Warriors sideloine … * * *Subscribe to the Mercury News and East Bay Times for $40 a year and receive a free Warriors championship coffee table book* * *LOS ANGELES – Is all hell about to break loose?Draymond Green believes so. After all, the Warriors (31-14) will add a fifth All-Star in DeMarcus Cousins against the Clippers (24-20) on Friday after spending nearly the past year rehabbing his left Achilles tendon.last_img

A’s Khris Davis headed to injured list with hip injury

first_imgCLEVELAND — Khris Davis is going on the 10-day disabled list, he and manager Bob Melvin confirmed after the A’s 5-3 win over the Indians on Tuesday.“It hasn’t been getting better, so the right move is to hit the DL,” the right-handed slugger said of his sore left hip. “I don’t think it’s gotten worse, but it hasn’t gotten better.”Mark Canha pinch-hit for Davis in the top of the third inning, and hit an opposite field home run to right off Trevor Bauer. The homer, Canha’s sixth, scored Matt …last_img

Denys Reitz joins UK-based law firm

first_img5 January 2011South African law firm Denys Reitz is to join multinational law firm the Norton Rose Group from June this year, in a move aimed at expanding its client base and increasing its access to international skills and resources.Norton Rose, with its headquarters in London, is an international legal practice offering full business law services, with a strong presence in the fields of financial institutions, energy, commodities, infrastructure, transport and technology.Ogilvy Renault, a leading Canadian law firm, will also be joining the new group. Also joining the expanded group will be Africa Legal, a division of Denys Reitz that focuses on providing legal services across the African continent.The expanded group will be led by Peter Martyr, currently the CEO of the Norton Rose Group, while Denys Reitz deputy chairman Rob Otty will join the expanded firm’s board.Top 10 global practiceAccording to Denys Reitz, the move will turn the expanded group into one of the top 10 global practices by number of lawyers, with more than 2 500 practitioners in 38 offices worldwide.“This is a major strategic step for our practice, which already operates in three cities across South Africa and has a large footprint across the African continent,” Denys Reitz said in a recent statement.“We firmly believe that Africa and the rest of the globe will become increasingly important to our clients in the years to come, and by combining the practice it will provide us with a depth of international resources from which we can continue to build our already significant network of offices.”According to Denys Reitz, there will be strong business and client synergies in the combined practice, particularly in Africa, Europe, UK, the Asia Pacific region and in the Middle East.“We are confident that the increased strength and depth of coverage will improve the group’s service to clients worldwide,” the law firm said.SAinfo reporterWould you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Andrew Mason ‘Fired’ As Groupon CEO

first_imgAndrew Mason finally found out that running the controversial deals site Groupon was no bargain. Mason, who founded the company, was unceremoniously ousted as CEO earlier on Thursday, following a rotten earnings report on Wednesday that capped more than a year of problematic performance and clashes with the SEC at the once-hot startup.Mason bluntly told Groupon employees in a statement he apparently made public: “I was fired today. If you’re wondering why… you haven’t been paying attention.” (The text of that statement — notable for its honesty, self-effacing humor and a faint echo of Conan O’Brien’s announcement following his defenestration from the Tonight Show  — follows below.)Mason’s departure has been the subject of speculation and outright investor hostility for some time. Groupon shares, which had fallen almost 80% since the company’s $20-a-share IPO in 2011, jumped roughly 8% in after-hours trading on the news of his ousting. A couple of hours later, the stock’s bounce had evened out to roughly a 4% increase, up 16 cents to $4.68.The Groupon board named the company’s executive chairman Eric Lefkofsky and vice chairman Ted Leonsis as interim co-CEOs, and said it has already started looking for a new permanent CEO. For the moment, though, that leaves Groupon in the hands of a former carpet salesman turned billionaire entrepreneur and the former vice chairman of AOL. Hard to see what could go wrong there.How The Deal Went SourFounded in 2008, Groupon went public with a bang three years later in the company of other hot tech startups such as LinkedIn and Skype. Fevered trading on its first day as a public company pushed Groupon’s market valuation to $16.7 billion — seemingly justifying the company’s decision a year earlier to spurn a $6 billion acquisition offer from Google.(See also: Groupon Stock Goes On Fire Sale, But What Went So Wrong?)Groupon’s underlying issues, however, predated its IPO. In a tactic reminiscent of the dot-com bubble, the company downplayed its actual reported income and instead emphasized a made-up figure called ACSOI, or “adjusted consolidated segment operating income” that excluded a few costs — inconsequential things, really. Like marketing expenses. But some stick-in-the-muds insisted on pointing out that since Groupon’s deals machine actually leaned rather heavily on, y’know, marketing — those inescapable daily-deal emails didn’t write themselves — the company’s insistence on ACSOI was just a tad problematic. Eventually, the SEC agreed, and its pointed questions eventually forced Groupon to drop the whole thing.There were other issues, of course. Like the way Groupon decided to spend almost 85% of all the venture capital it had raised — the princely sum of $941.7 million, in other words — not to build up its business, but to cash out founders and other early backers. Or the way it so many people kept concluding that its business model strongly resembled a Ponzischeme.Groupon Adapts — Or MaladaptsOver the past year, Groupon has struggled to adjust to its diminished expectations. In a tacit acknowledgement that the daily-deals space was looking a bit overfished, the company de-emphasized deals on services such as yoga sessions and spa treatments and instead expanded into offering deeply discounted offers on actual products — an even lower-margin business that contributed to the company’s earnings misses in both the third and fourth quarters.Likewise, Groupon aimed to take on the likes of Square by offering its participating merchants a new electronic payment system, another initiative that would have taken more time than Mason had to produce a real return of any kind.Which leaves Messrs. Lefkofsky and Leonsis with a couple of awkward questions. Can they find anyone to run this ongoing mess of a company? And why would anyone want to?Here’s Mason’s statement:(This is for Groupon employees, but I’m posting it publicly since it will leak anyway)People of Groupon,After four and a half intense and wonderful years as CEO of Groupon, I’ve decided that I’d like to spend more time with my family. Just kidding – I was fired today. If you’re wondering why… you haven’t been paying attention. From controversial metrics in our S1 to our material weakness to two quarters of missing our own expectations and a stock price that’s hovering around one quarter of our listing price, the events of the last year and a half speak for themselves. As CEO, I am accountable.You are doing amazing things at Groupon, and you deserve the outside world to give you a second chance. I’m getting in the way of that. A fresh CEO earns you that chance. The board is aligned behind the strategy we’ve shared over the last few months, and I’ve never seen you working together more effectively as a global company – it’s time to give Groupon a relief valve from the public noise.For those who are concerned about me, please don’t be – I love Groupon, and I’m terribly proud of what we’ve created. I’m OK with having failed at this part of the journey. If Groupon was Battletoads, it would be like I made it all the way to the Terra Tubes without dying on my first ever play through. I am so lucky to have had the opportunity to take the company this far with all of you. I’ll now take some time to decompress (FYI I’m looking for a good fat camp to lose my Groupon 40, if anyone has a suggestion), and then maybe I’ll figure out how to channel this experience into something productive.If there’s one piece of wisdom that this simple pilgrim would like to impart upon you: have the courage to start with the customer. My biggest regrets are the moments that I let a lack of data override my intuition on what’s best for our customers. This leadership change gives you some breathing room to break bad habits and deliver sustainable customer happiness – don’t waste the opportunity!I will miss you terribly.Love, AndrewLead image via Flickr user TechCrunch, CC 2.0 Guide to Performing Bulk Email Verification david hamilton A Comprehensive Guide to a Content Audit Facebook is Becoming Less Personal and More Pro…center_img Tags:#Groupon Related Posts The Dos and Don’ts of Brand Awareness Videoslast_img read more

June 26 2013Arcosanti celebrated Summer Solstice

first_imgJune 26, 2013Arcosanti celebrated Summer Solstice, the SuperMoon, and what would have been Paolo Soleri’s 94th birthday this past Friday evening, June 21, 2013.Paolo’s birthday – the first without him here – gave us an opportunity to start a new tradition at Arcosanti. We intend in future to host an annual dinner on June 21 to honor Paolo, celebrate the work he began here, and allow all of us who are alumni and who have become part of that work, to continue to share in it.[photos by Sue Kirsch; text by Jeff Stein]For this first time out, with just Arizona alumni invited, we had barbeque in the vaults, socializing with friends we haven’t seen for awhile, and a screening of Aimee Madsen’s film, PAOLO SOLERI: BEYOND FORM.We had conversations about the work that’s coming up at Arcosanti, and how staff here, with input from alumni and others, are at the beginning of developing a 6-year plan that would bring a couple projects to fruition by 2019, the hundredth anniversary of Paolo Soleri’s birth.And we spoke of plans for the public celebration of Paolo’s life, this coming September 20, 21, and 22, with events at Cosanti, at Arcosanti, and at the Soleri Bridge and Plaza in Scottsdale.  Save those dates, please, and watch the Arcosanti website as we remember the life and work of Paolo Soleri this fall.last_img read more