Taiwan-based HTC is fighting for its survival. Since 2015, the company has experienced a massive drop in its revenues. Falling from $4.3B (2015) to $355M (2015). With gross profits in the range of 3.5%. And it looks like revenue for 2020 will fall to around $200M. Market share for its core smartphone business is under […]
In this podcast, Jeffrey Towson discusses who should buy Luckin Coffee, following the company’s recent accounting scandal. He considers potential buyers such as Starbucks, Alibaba, and HeyTea. For example, Starbucks could benefit from Luckin’s strong presence in China, while Alibaba could use Luckin’s technology to expand its own coffee business.
Bottom line: Alwaleed’s forty years of success as a master deal-maker and negotiator have come to a climax as he now negotiates for his empire and his freedom. For 8-9 years, I worked for Prince Alwaleed in Riyadh. In Part 1, I outlined Alwaleed’s history as an investor and deal-maker. It is my explanation for […]
Bottom line: Alwaleed’s forty years of success as a master deal-maker and negotiator have come to a head as he now negotiates for his empire and his freedom. For 8-9 years, I worked for Prince Alwaleed in Riyadh, working on everything from his IPO and his hospital to his university (never built) and his one […]
Alternate title: How My Boss’s Motivational Talk Convinced Me to Quit I often get asked how I ended going from New York management consulting to working for Prince Alwaleed in the Middle East. It was a pretty big career move. But it was actually a more of a gut decision. And I think there is […]
The Wall Street Journal has a good recent article titled Skyscraper Builders Reach for the Stars Once Again. It’s a summary of the skyscraper building boom currently happening everywhere from the UK to China and the Middle East. The line that got my attention was: ”Currently, there are only three buildings in the world measuring […]
Forbes has just published another “let’s attack Alwaleed” article. For those keeping count, this is the fourth one in the last couple of months. The most significant one was a +4,000 word anti-Alwaleed rant in March that resulted in a libel action against the company and the author. Meanwhile, Bono, who had a great success […]