In the early 2000s, Transpacific Industries (TPI) was on a roll. Its founder, Terry Peabody, had built it from a small coal ash recycling company into the largest Australian waste management enterprise, making about 50 debt-fueled acquisitions along the way, and had become a billionaire in the process. He was a press-shy business leader, nicknamed the “Golden Garbo” for his company’s rapid growth, and known for his idiosyncratic strategies. TPI’s expansion culminated in 2007 with the purchase of a waste management business called Cleanaway for A$1.25 billion (about US$1.1 billion) — an extraordinary amount for that industry in that region. Then came the global financial crisis. The bottom fell out of the industrial waste removal business, one of Transpacific’s most vital sources of profit. The share price, which had been A$9.96 (US$8.96) in mid-2007, fell below A$1 (US$.90), and TPI received an A$800 million (US$648 million) bailout from the private … [Read more...] about Changing the Conversations That Kill Your Culture
Developing effective research proposals pdf
The world of scholarly communication is broken. Giant, corporate publishers with racketeering business practices and profit margins that exceed Apple’s treat life-saving research as a private commodity to be sold at exorbitant profits. Only around 25% of the global corpus of research knowledge is open access, or accessible to the public for free and without subscription, which is a real impediment to resolving major problems, such as the United Nations’ Sustainable Development Goals. Recently, Springer Nature, one of the largest academic publishers in the world, had to withdraw its European stock market floatation due to a lack of interest. This announcement came just days after Couperin, a French consortium, cancelled its subscriptions to Springer Nature journals, after Swedish and German universities cancelled their Elsevier subscriptions to no ill effect, besides replenished library budgets. At the same time, Elsevier has sued Sci-Hub, a website that provides free, … [Read more...] about Academic publishing is broken. Here’s how to redesign it
It is a truth universally acknowledged by business executives, Wall Street analysts, and investors the world over that cash is the lifeblood of an enterprise. Free cash flow is a critical business performance metric. It’s how we measure successful investment and execution, how profit is distributed to shareholders, and how employees get paid. Without cash, a company folds. Irrespective of their size, shape, or footprint, businesses are on a continuous hunt for cash. At the same time, as the broader corporate goals are broken down into separate key performance indicators (KPIs), the primacy of optimizing organizational cash can get lost. In other words, the metrics provide no insight into how actions taken in one part of the business affect cash generated or held elsewhere. It prompts the question: If cash is king, why is it treated as a by-product rather than a focus? Related Stories by Paul Leinwand, John Ranke, Amy Murphy by Larry Jones, Ellen Kilpatrick by Aaron … [Read more...] about If Cash Is King, Why Doesn’t It Rule?
HAMMOND – Calumet Avenue between Michigan and Sibley streets is closed until further notice after a site inspection Thursday revealed a massive cavity beneath the roadway tied to INDOT's reconstruction work. An Indiana Department of Transportation contractor accidentally pierced the top of an 84-inch brick sewer May 4 during the course of INDOT's reconstruction of the Calumet Avenue Bridge over the Indiana Harbor Belt Railroad, according to a city news release. Southbound lanes are closed due to the ground underneath being washed out.Northbound lanes were still open as of Thursday afternoon, but a city engineering department official said northbound lanes will have to be closed to traffic during repairs. Attempts by the contractor to shore up the area and keep the roadway open have been unsuccessful since the May 4 incident. The roadway was being supported by only a 6-inch slab of reinforced concrete slab. INDOT’s contractor will begin immediately … [Read more...] about UPDATE: Calumet Avenue in Hammond closed after site inspection discovers massive cavity below roadway
HAMMOND – Calumet Avenue between Michigan and Sibley streets is closed under further notice after a site inspection today revealed a massive cavity beneath the roadway tied to INDOT's reconstruction work. Southbound lanes are closed due to the ground underneath being washed out. Northbound lanes are open for now, but a city engineering department official said the northbound lanes will have to be closed during repairs. During the course of the Indiana Department of Transportation's reconstruction of the Calumet Avenue Bridge over the Indiana Harbor Belt Railroad, an INDOT contractor pierced the top of an 84-foot brick sewer on May 4, according to a city news release. Attempts by the contractor since then to shore up the area and keep the roadway open have been unsuccessful. The roadway was being supported by only a 6-inch slab of reinforced concrete slab. Hammond Sanitary District Sewer Maintenance crews performed a visual inspection of the inside of … [Read more...] about Calumet Avenue in Hammond closed after site inspection discovers massive cavity below roadway