U.S. Utility Execs Concede Need for More Innovation (or Better Messaging)

first_imgU.S. Utility Execs Concede Need for More Innovation (or Better Messaging) FacebookTwitterLinkedInEmailPrint分享Glen Boshart for SNL:Top officials with the Edison Electric Institute wrapped up the group’s annual convention June 15 in Chicago by discussing what they must do to prosper in a rapidly changing industry environment.Tom Fanning, EEI’s newly elected chairman who also serves as chairman, president & CEO of Southern Co.: “We are innovative, we are in the customer interest, we are constantly looking for ways to create the future,” Fanning maintained, suggesting that the problem has been more one of messaging.Christopher Crane, president and CEO of Exelon Corp. and EEI vice chairman sees storage as something utilities need to embrace by working with the labs and universities “to help advance that along.”But the officials acknowledged that the traditional utility culture may be holding them back. Patricia Vincent-Collawn, chairman, president & CEO of PNM Resources Inc. and EEI vice chairman, stressed the need for utilities to hire people from the younger generation who are more adept at using new technologies in innovative ways.“You have to walk the talk, you have to bring in people from the outside, you have to protect them from the internal immune system of the utility” that wants to quickly “kill off anything that’s different,” Vincent-Collawn said.Picking up on that theme, Fanning noted that the culture and employees at his company can be represented by a pie chart, only a tiny slice of which is composed of “the revolutionaries, the creative disruptors.”“The people in the big pie slice want to murder the people in the little pie slice,” Fanning acknowledged. Thus, he said companies need to keep from living on their past successes and instead embrace innovation and new technology.Full article ($): EI officials debate how to keep up with rapidly changing timeslast_img read more

Identify, develop your next leaders

first_img 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Finding the next leaders in your credit union doesn’t always require looking outside the credit union.Royal Credit Union in Eau Claire, Wis., created a leadership development program that focuses on each employee’s current performance and leadership potential to identify those who may have the qualities and skills to be future leaders.“We want to bring people up and give them opportunities,” Amy Bauer, Royal’s vice president of shared project services for the $1.7 billion asset credit union, told a breakout session at CUNA’s HR & Organizational Development Council Conference Tuesday.Team leaders assess each employee and rate their current performance and leadership potential during a talent review. Individuals identified as having high levels of current performance and leadership qualities are then classified as “high potentials.” continue reading »last_img read more

Bitcoin backed by four in five experts as Aussies trade white picket fences for cryptocurrency

first_imgDavid and Sandra Jenkins were last week reportedly willing to trade thier Sovereign (Islands home) for 500 bitcoin. Picture: Richard GoslingBITCOIN could become the Uber of the financial world, after winning the support of four out of five Aussie experts and economists — and driving some homeowners to consider trading in their white picket fence for a bit of coin.The latest finder.com.au survey of 33 experts and economists has found that 79 per cent do not believe bitcoin is a “foolish” investment.The backing comes amid a surge in the value of bitcoin to over $10,000 last month, which triggered a rise in Australian homeowners willing to give up their piece of the Australian real estate dream for cryptocurrency.Logan Lincoln of property research firm CoreLogic said the 75 to 80 per cent surge in value of bitcoin in the last month had created a major stir that savvy sellers were piggybacking to lift property profiles.“It’s not just Australia, there’s a lot of interest outside of Australia, I’ve even seen properties marketed in Fiji with bitcoin value,” he said. The owner of 1411 Mountain Highway, The Basin, will accept payment in bitcoin.Mr Lincoln said standard settlement periods would have to go out the window in such a scenario.“What would become more common would be the ability to immediately settle. If they have a smart contract based on blockchain, within five minutes of knocking down hammer, both parties would be ready. I don’t believe you can have same day settlement … but in terms of what we’re going to see with blockchain is the ability to create that kind of transaction.”He said “for all this to become normal, it will actually have to get involvement from banks or lenders” allowing buyers to leverage their bitcoin holding.Among those calling for calm was financial expert Peter Switzer.“While I suspect cryptocurrencies are like most things modern and seemingly illegal, think Uber, Airbnb, etc. (which seemingly break laws that incumbent rivals have to adhere to) they will be here to stay. But the bigger question is: at what price? To buy bitcoin now is a punt and you could do okay but I’m more an expert on investment and that’s why I won’t invest in bitcoin at these prices,” was how he described his trepidation in a column.If you’re still determined to swap your slice of the Australian dream for bitcoin, ATO demands you record four things: Date of transaction, value in AUD (from reputable site), purpose of the deal, and “who the other party was even if it’s just their bitcoin address”. FOLLOW SOPHIE FOSTER ON FACEBOOK FREE: GET THE COURIER-MAIL’S REALESTATE NEWS DIRECT TO INBOX This six bedroom home in Mount Macedon, Victoria, is on the market for $2.5m or its equivalent in bitcoin.The Australian Taxation Office has been eyeing off bitcoin for a while and labelled it “akin to a barter arrangement, with similar tax consequences”.“Our view is that bitcoin is neither money nor a foreign currency, and the supply of bitcoin is not a financial supply for goods and services tax (GST) purposes. Bitcoin is, however, an asset for capital gains tax purposes,” according to an ATO statement.Finder.com.au insights manager Graham Cooke believes there’s no doubting the potential behind bitcoin — “unhackable” technology could revolutionise property and finance.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours ago“The blockchain essentially works as an unhackable record of transactions and interactions,” he said. “Blockchains are being developed today to keep track of property ownership records and to allow expatriates and immigrants to send funds home to their families faster and cheaper than ever before — this could have far wider implications than the cryptocurrency itself.”The fly in the ointment for real estate, according to Mr Lincoln, was that the risk would be on the buyer.“If you consider a price for a 30-day settlement, bitcoin on November 1 was worth $8,000 and if settling (at month end), it would have been valued at $12,000 to $14,000 depending on what time of day. You may value property at $800,000 on day one (100 bitcoin) and in 30 days that bitcoin value goes to $1.3m. If you’ve lost a 10 per cent deposit on an $800,000 investment that’s gone up to $1.3m, you’re going to walk way.” last_img read more