10 Updates

The People CNBC Missed Out In Its 'First 25' Business Leaders List

Apr 30 2014, 7:12pm CDT | by

Back in 1989, the worlds of business and finance were relatively staid. High frequency trading was not well-known and the idea for a Worldwide Web had just been published in an obscure paper by Tim...

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12 weeks ago

The People CNBC Missed Out In Its 'First 25' Business Leaders List

Apr 30 2014, 7:12pm CDT | by

Back in 1989, the worlds of business and finance were relatively staid. High frequency trading was not well-known and the idea for a Worldwide Web had just been published in an obscure paper by Tim Berners Lee. Technology had not buffeted and disrupted industries (my chosen industry – media – was still intact).

It is no surprise, then, that TV network CNBC’s list of twenty-five people who have had the most profound impact on business and finance since 1989 includes six technology luminaries (including Steve Jobs and Bill Gates , who led the computer revolution at Numbers 1 and 2) in the top 10.

The list is interesting because it aims to encapsulate a turbulent era for business to the vision of twenty-five people. Apple’s Steve Jobs and Microsoft’s Bill Gates (who take the top two spots) to Google’s founders to Facebook’s Mark Zuckerberg and activist investor Carl Icahn all find a mention in this smorgasbord of a list.

However, some entries in the list certainly strike one as bizarre or, perhaps, wrongly-placed. For example, how does daytime talk queen Oprah Winfrey merit a place in the list, which, as I mentioned earlier, is about people who have had the most profound impact on “business and finance.” Her contributions to these fields have been indirect (unless you consider the success of her daytime talk show a direct contributor to the TV network’s success).

This, of course, is not to belittle her achievements. She has had a profound impact in the entertainment businesses and opened several doors for African Americans in the entertainment business. However, her contribution to the business and finance industries is doubtful. Similarly, Martha Stewart, an Oprah competitor, also finds a place on the list. To be sure, they are incredibly successful personal franchises. To be sure, Stewart and Winfrey did not invent a new business strategy or method, They parlayed their success into a successful business, something that several other entertainers have done in the past.

There are other, notable exceptions as well. As Kara Swisher from Recode pointed out Mosaic inventor and noted venture capitalist Marc Andreessen should have been included in the list. Similarly, Tim Berners Lee, who came up with the idea for the Worldwide Web in a paper, should also have been included. Linus Torvalds, the Finnish creator of Linux, a popular open source platform that is used to power server infrastructure (and, which became the first serious threat to Microsoft’s dominant position in operating systems) has also been left out in the cold.
Perhaps, it is a bad idea to make lists that attribute progress to specific personalities. But, then, I am sure Forbes would disagree./>

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakya ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Melbourne Rising Media Launch
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by robber ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Rakyat today. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in t ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over R ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mus ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Baza ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) today ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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