From the Editor's Desk In his first year at Yahoo, during which advertising revenues declined in every quarter, Chief Operating Officer Mr De Castro made $39.2m, putting him behind only eight CEOs of listed American firms in the income charts. By his 14th month, Ms Mayer had decided to fire him without cause, triggering a severance payment worth almost $60m. Mr De Castro may not have impressed as a chief operating officer, but you must admire his negotiating skills. High executive pay is an issue that has employees to governments worried. Some in-depth analysis from The Economist on this trend here.
Budget hotel aggregator FabHotels raises $8 million in Series A funding Gurgaon based Casa2 Stays Pvt. Ltd that operates budget hotel aggregator FabHotels has raised $8 million (Rs 54.3 crore) in a Series A round of funding from a group of investors including existing investors Accel Partners and Qualcomm Ventures, Mint reported, citing a company executive. RB I
Tata Communications to sell subsidiary Neotel Tata Communications has struck a Rs 2,900 crore (6.55 billion South African rand) deal with Liquid Telecom Group to sell off its South African telecom unit, Neotel to reduce its debt. Tata Communications has an accumulated net debt of Rs 10,000 crore.
China makes rules stricter for mobile app developers China has tightened rules for mobile app developers including requiring real-name registration and preserving users' activity logs, the country's internet regulator said on Tuesday, as Beijing looks to strengthen oversight of the growing app market.
Trent plans to raise up to Rs 300 cr, stock split in 1:10 New Delhi, Jun 28 () Tata group's retail firm Trent Ltd plans to raise up to Rs 300 crore via issue of non-convertible debentures on private placement basis and is also gearing up for a stock split by dividing each of its existing shares into ten new ones.
Ola to invest Rs 350 crore in Haryana : also launch its other services Cab aggregator Ola will be investing Rs 350 crore in Haryana over the next five years. Ola has signed a memorandum of understanding with the state to create 10,000 driver-entrepreneurs. It is currently present in five cities in the state: Gurgaon, Faridabad, Panchkula, Kurukshetra and Ambala.
When it’s time for you to sign on with a franchise You've done your research, you've assessed your own strengths and weaknesses, you've thoroughly evaluated the franchise companies that were a potential match for you, you've got your financing lined up, you've even jumped through a few hoops along the way, now comes the moment of decision. When it's time to commit and move forward with a franchise, you will be required to officially sign on. It's a big day and is often - but not always - marked by a Discovery Day held by the franchisor. Discovery Days are often meant to serve as final meetings that are typically held at the franchisor's headquarters or other corporate facility. Often, the franchisor will cover some or all of the costs of the incoming franchisee. After all, at this point, you've both been in regular contact and things look pretty serious. These events are usually fun, informal, and characterized by high energy and positive words. It's a final chance to talk one-on-one and, if both sides are in agreement, sign on with the franchise. But keep in mind that you are not obligated to
Franchisee Newbies: Getting information from other franchisees Franchising is a great business model and with so many concepts and brands out there to choose from, research and due diligence are a big part of your assignment. Of course you'll receive a wealth of information from the franchisor detailing and outlining almost every facet of the system and operations, but there is one other area of research that you owe it to yourself to uncover (many franchises even require that you do this). Once you've narrowed your franchise brand choice, you'll want to talk to some existing - and even former - franchisees about what it's really like out there in the trenches every day running the business. This is part of your due diligence and it's imperatively important.
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