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WendyGoh
WendyGoh
·
2021-12-17
Ok
Former McDonald’s C.E.O. Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote>
The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is
Former McDonald’s C.E.O. Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote>
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WendyGoh
WendyGoh
·
2021-12-16
Thank you tiger broker
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WendyGoh
WendyGoh
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2021-12-16
Ok
非常抱歉,此主贴已删除
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WendyGoh
WendyGoh
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2021-11-07
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WendyGoh
WendyGoh
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2021-09-29
Ok
Telstra (ASX:TLS) Will Be Looking To Turn Around Its Returns<blockquote>Telstra(ASX:TLS)将寻求扭转其回报</blockquote>
What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll
Telstra (ASX:TLS) Will Be Looking To Turn Around Its Returns<blockquote>Telstra(ASX:TLS)将寻求扭转其回报</blockquote>
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WendyGoh
WendyGoh
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2021-09-27
Ok
非常抱歉,此主贴已删除
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WendyGoh
WendyGoh
·
2021-09-18
Ok
Wall Street Crime And Punishment: Dennis Kozlowski, Tyco International's Big-Spending Vulgarian<blockquote>华尔街罪与罚:丹尼斯·科兹洛夫斯基,泰科国际的大手笔庸俗</blockquote>
Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicl
Wall Street Crime And Punishment: Dennis Kozlowski, Tyco International's Big-Spending Vulgarian<blockquote>华尔街罪与罚:丹尼斯·科兹洛夫斯基,泰科国际的大手笔庸俗</blockquote>
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WendyGoh
WendyGoh
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2021-09-13
Ok
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WendyGoh
WendyGoh
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2021-09-10
Ok
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WendyGoh
WendyGoh
·
2021-09-07
Good
Singapore retail sales up 0.2% YoY in July<blockquote>新加坡7月零售额同比增长0.2%</blockquote>
UOB said retail sales will post a 10% full-year growth. Retail sales grew by a marginal 0.2% year-on
Singapore retail sales up 0.2% YoY in July<blockquote>新加坡7月零售额同比增长0.2%</blockquote>
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Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1144273047","media":"The New York Times","summary":"The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is ","content":"<p>The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation.</p><p><blockquote>与史蒂夫·伊斯特布鲁克(Steve Easterbrook)达成的和解是有史以来最大的高管薪酬追回之一。史蒂夫·伊斯特布鲁克(Steve Easterbrook)于2019年因不正当关系被赶下台。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/850a4bcfa411d4e4884c31fe03bdb585\" tg-width=\"1024\" tg-height=\"683\" width=\"100%\" height=\"auto\"><span>The agreement with Steve Easterbrook will end a contentious legal battle.Credit...Richard Drew/Associated Press</span></p><p><blockquote><p class=\"t-img-caption\"><span>与史蒂夫·伊斯特布鲁克的协议将结束一场有争议的法律战。图片来源...理查德·德鲁/美联社</span></p></blockquote></p><p> The former McDonald’s chief executive Steve Easterbrook, who was ousted by the company in 2019 for having an inappropriate relationship with a subordinate, has returned $105 million in cash and stock to the company in one of the largest clawbacks in the history of corporate America.</p><p><blockquote>麦当劳前首席执行官史蒂夫·伊斯特布鲁克(Steve Easterbrook)因与下属存在不正当关系而于2019年被公司罢免,他已向公司返还了1.05亿美元的现金和股票,这是美国企业史上最大的追回之一。</blockquote></p><p> Mr. Easterbrook has been engaged in a contentious battle with McDonald’s for the past year, after the company sued him for lying to investigators at the time of his dismissal. As part of the deal announced on Thursday, McDonald’s agreed to drop its lawsuit against Mr. Easterbrook.</p><p><blockquote>过去一年,伊斯特布鲁克一直在与麦当劳进行一场有争议的斗争,此前该公司起诉他在解雇他时向调查人员撒谎。作为周四宣布的交易的一部分,麦当劳同意放弃对伊斯特布鲁克的诉讼。</blockquote></p><p> In a message to employees, Enrique Hernandez Jr., the McDonald’s chairman, said that the company wanted to hold Mr. Easterbrook “accountable for his lies and misconduct, including the way in which he exploited his position as C.E.O.,” and that this settlement achieved that goal.</p><p><blockquote>麦当劳董事长小恩里克·埃尔南德斯(Enrique Hernandez Jr.)在给员工的一封信中表示,公司希望让伊斯特布鲁克“为他的谎言和不当行为负责,包括他利用首席执行官职位的方式”,这一和解协议实现了这一目标。</blockquote></p><p> Mr. Easterbrook was fired in 2019 after he engaged in a consensual relationship with an employee in violation of company policy, eventually setting off an unusually acrimonious fight between a wealthy executive and one of the country’s most prominent companies.</p><p><blockquote>伊斯特布鲁克先生于2019年被解雇,此前他违反公司政策与一名员工建立了两厢情愿的关系,最终引发了一位富有的高管与美国最著名的公司之一之间异常激烈的斗争。</blockquote></p><p> At the time of his dismissal, the McDonald’s board determined that Mr. Easterbrook had “demonstrated poor judgment,” but decided not to fire him “for cause” — that is, for being dishonest or committing a criminal act. That decision, the board hoped, would avoid a lengthy legal dispute. It also allowed Mr. Easterbrook to walk away with a compensation package worth more than $40 million. .</p><p><blockquote>在解雇伊斯特布鲁克时,麦当劳董事会认定伊斯特布鲁克先生“表现出糟糕的判断力”,但决定不“有理由”解雇他——即不诚实或犯有犯罪行为。董事会希望这一决定能够避免一场漫长的法律纠纷。它还允许伊斯特布鲁克先生带着价值超过4000万美元的薪酬离开。.</blockquote></p><p> But according to the company’s lawsuit against Mr. Easterbrook, his contract contained a provision that would let McDonald’s recoup severance payments if it later determined the employee should have been fired for cause.</p><p><blockquote>但根据该公司对伊斯特布鲁克的诉讼,他的合同中包含一项条款,如果麦当劳后来确定该员工应该因故被解雇,该条款将允许麦当劳收回遣散费。</blockquote></p><p> That clause became relevant in 2020, when a McDonald’s employee said that Mr. Easterbrook had a sexual relationship with another subordinate while he was chief executive. The new accusation spurred another investigation of Mr. Easterbrook’s records, and prompted the company to sue him last year, accusing its former chief of lying, concealing evidence and fraud.</p><p><blockquote>该条款在2020年变得相关,当时一名麦当劳员工表示,伊斯特布鲁克先生在担任首席执行官期间与另一名下属发生了性关系。新的指控引发了对伊斯特布鲁克记录的另一项调查,并促使该公司去年起诉他,指控其前首席执行官撒谎、隐瞒证据和欺诈。</blockquote></p><p> During its investigation into the second accusation, McDonald’s said it found “dozens of nude, partially nude or sexually explicit photographs and videos of various women, including photographs of these company employees, that Easterbrook had sent as attachments to messages from his company email account to his personal email account.”</p><p><blockquote>在对第二项指控的调查中,麦当劳表示,它发现了“数十张不同女性的裸体、部分裸体或露骨的性照片和视频,包括这些公司员工的照片,伊斯特布鲁克将这些照片和视频作为附件从其公司电子邮件帐户发送到他的个人电子邮件帐户。”</blockquote></p><p> The company also revealed that Mr. Easterbrook had awarded hundreds of thousands of dollars’ worth of stock to one of the women with whom he was having a sexual relationship. In its lawsuit, McDonald’s said that its former chief had lied to investigators in the initial inquiry, and that if he had “been candid with McDonald’s investigators and not concealed evidence, McDonald’s would have known that it had legal cause to terminate him in 2019.”</p><p><blockquote>该公司还透露,伊斯特布鲁克先生将价值数十万美元的股票授予了与他发生性关系的一名女性。麦当劳在诉讼中表示,其前首席执行官在最初的调查中向调查人员撒谎,如果他“对麦当劳调查人员坦诚,没有隐瞒证据,麦当劳就会知道有合法理由在2019年解雇他。”</blockquote></p><p> Mr. Easterbrook initially decided to fight the lawsuit, and his lawyers filed a motion to dismiss, calling it “meritless and misleading.”</p><p><blockquote>伊斯特布鲁克先生最初决定打这场官司,他的律师提出了驳回诉讼的动议,称其“毫无根据且具有误导性”。</blockquote></p><p> During his time as chief executive, Mr. Easterbrook sold more than $64 million in stock; when he departed in 2019, the value of the stock and options he had been awarded was worth $41 million. But as McDonald’s stock has soared to $264 a share from $193 in 2019, the value of those stock and options has grown to $89 million, according to the executive compensation consulting firm Equilar. It is not clear whether Mr. Easterbrook sold any of his shares after he left the company.</p><p><blockquote>在担任首席执行官期间,伊斯特布鲁克先生出售了超过6400万美元的股票;当他在2019年离职时,他获得的股票和期权价值为4100万美元。但根据高管薪酬咨询公司Equilar的数据,随着麦当劳股价从2019年的193美元飙升至每股264美元,这些股票和期权的价值已增长至8900万美元。目前尚不清楚伊斯特布鲁克离开公司后是否出售了任何股份。</blockquote></p><p> Nonetheless, with his agreement to return the huge sum of cash and stock to the company, Mr. Easterbrook has effectively conceded what was shaping up to be a long and costly legal battle. Mr. Easterbrook apologized in a statement released by the company.</p><p><blockquote>尽管如此,伊斯特布鲁克先生同意将巨额现金和股票返还给公司,实际上是承认了这场漫长而昂贵的法律战。伊斯特布鲁克先生在公司发布的一份声明中道歉。</blockquote></p><p> “During my tenure as C.E.O., I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” he said. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.”</p><p><blockquote>“在我担任首席执行官期间,我有时未能坚持麦当劳的价值观,也未能履行作为公司领导者的某些职责,”他说。“我为此向我的前同事、董事会以及公司的特许经营商和供应商道歉。”</blockquote></p><p> Under Mr. Easterbrook’s successor,Chris Kempczinski, McDonald’s has emerged as a clear winner during the pandemic the past two years. Thanks to a combination of increased drive-through business; a robust push of its mobile app and loyalty programs; and meal collaborations with various celebrities and groups, including the K-pop sensation BTS, revenues at McDonald’s are on track to top $23 billion this year, the highest level in five years.</p><p><blockquote>在伊斯特布鲁克的继任者克里斯·肯普钦斯基(Chris Kempczinski)的领导下,麦当劳在过去两年的疫情期间明显成为赢家。得益于免下车业务的增加;大力推广其移动应用程序和忠诚度计划;以及与包括韩国流行歌手BTS在内的各种名人和团体的餐饮合作,麦当劳今年的收入有望突破230亿美元,为五年来的最高水平。</blockquote></p><p></p><p> Earlier this year, Mr. Kempczinski defended the board’s handling of Mr. Easterbrook’s firing. “I thought they handled it as best as they could,”he said.</p><p><blockquote>今年早些时候,肯普钦斯基为董事会对伊斯特布鲁克被解雇的处理方式进行了辩护。“我认为他们已经尽力处理了,”他说。</blockquote></p><p> Still, despite the company’s financial gains, a new training program for its restaurants and efforts to improve diversity and inclusion, some critics say not enough has been done to fix other problems that run deep in McDonald’s culture. The fast-food giant has faced myriad lawsuits and claims in recent years, some involving allegations of sexual harassment and others around racial discrimination.</p><p><blockquote>尽管如此,尽管该公司取得了财务收益,为其餐厅制定了新的培训计划,并努力提高多样性和包容性,但一些批评者表示,在解决麦当劳文化中根深蒂固的其他问题方面做得还不够。这家快餐巨头近年来面临无数诉讼和索赔,其中一些涉及性骚扰指控,另一些则涉及种族歧视。</blockquote></p><p> “McDonald’s should use the money it got back from the former C.E.O. to develop a real plan to stop the rampant sexual harassment occurring from the drive-throughs to the C-suite,” the advocacy group Fight for $15 said in a statement.</p><p><blockquote>倡导组织Fight for 15在一份声明中表示:“麦当劳应该利用从前首席执行官那里收回的钱制定一项真正的计划,以阻止从得来速餐厅到高管层的猖獗性骚扰。”</blockquote></p><p> In November, the release oftextmessages between Mr. Kempczinski and Chicago Mayor Lori Lightfoot — in which he seemed to blame the deaths of two Black and Latino children on their parents — prompted calls for his resignation. An investment group representing union pension funds issued a shareholder proposal asking McDonald’s to conduct a third-party audit of its policies and practices around the civil rights of employees and consumers. Mr. Kempczinski has repeatedly apologized for the comments.</p><p><blockquote>11月,肯普钦斯基与芝加哥市长洛里·莱特富特(Lori Lightfoot)之间的短信被公开——他似乎将两名黑人和拉丁裔儿童的死亡归咎于他们的父母——促使评级辞职。一个代表工会养老基金的投资集团发布了一份股东提案,要求麦当劳对其围绕员工和消费者公民权利的政策和做法进行第三方审计。肯普钦斯基多次为这些言论道歉。</blockquote></p><p> Dieter Waizenegger, the executive director of the SOC Investment Group, said that as a shareholder, he was pleased the compensation had been returned, but still felt the board failed to do its job.</p><p><blockquote>SOC投资集团执行董事迪特·怀辛格(Dieter Waizenegger)表示,作为股东,他很高兴薪酬已退还,但仍认为董事会未能做好自己的工作。</blockquote></p><p> “The board could have saved itself a lot of time and probably a lot in legal fees if they had conducted a thorough initial investigation of Easterbrook’s behavior in the first place,” said Mr. Waizenegger. “This settlement comes after two years of wrangling and airing of dirty laundry in the media.”</p><p><blockquote>“如果董事会一开始就对伊斯特布鲁克的行为进行彻底的初步调查,他们本可以节省大量时间,甚至可能节省大量法律费用,”怀辛格先生说。“这一和解是在两年的争吵和媒体曝光之后达成的。”</blockquote></p><p> McDonald’s also still faces numerous shareholder lawsuits over the firing of the executive.</p><p><blockquote>麦当劳还因解雇这位高管而面临众多股东诉讼。</blockquote></p><p> On Thursday, the company said that “Mr. Easterbrook would return equity awards and cash, with a current value of more than $105 million, which he would have forfeited had he been truthful at the time of his termination and, as a result, been terminated for cause.” It did not specify the proportion of cash and stock. McDonald’s shares are up more than 25 percent this year.</p><p><blockquote>周四,该公司表示,“伊斯特布鲁克先生将返还目前价值超过1.05亿美元的股权奖励和现金,如果他在解雇时说实话,他将被没收这些奖励和现金,并因此被解雇。”原因。”它没有具体说明现金和股票的比例。麦当劳股价今年上涨了25%以上。</blockquote></p><p> In his more than four years on the job, Mr. Easterbrook was credited with turning around McDonald’s and reviving its languishing stock price. As chief executive, he reduced costs, introduced touch-screen ordering and established all-day breakfast. Shares in the company roughly doubled.</p><p><blockquote>在四年多的工作中,伊斯特布鲁克先生被认为扭转了麦当劳的局面并重振了其萎靡不振的股价。作为首席执行官,他降低了成本,引入了触摸屏点餐,并建立了全天早餐。该公司的股价大约翻了一番。</blockquote></p><p> The clawback of his compensation, while large, is not the biggest in corporate history, although many earlier situations involved allegations of financial or accounting fraud. In 2007, the Securities and Exchange Commissionrecoveredmore than $400 million in profits made by William McGuire, the former chief executive of United Health, to settle claims related to a scheme involving the backdating of options. Later, Tyco International sued a former chief executive, Dennis Kozlowski, who had been convicted of looting the company, in an effort to collect $500 million he had received in compensation and benefits.</p><p><blockquote>他的薪酬虽然很大,但并不是公司历史上最大的一次,尽管许多早期的情况都涉及财务或会计欺诈的指控。2007年,美国证券交易委员会追回了联合健康公司前首席执行官威廉·麦奎尔(William McGuire)赚取的超过4亿美元利润,以解决与涉及期权回溯计划相关的索赔。后来,泰科国际起诉了前首席执行官丹尼斯·科兹洛夫斯基(Dennis Kozlowski),他被判抢劫公司,试图收回他获得的5亿美元赔偿和福利。</blockquote></p><p> “While Steve’s misconduct need not be forgiven by any member of this community, he has apologized to his former co-workers, franchisees, suppliers and the board for the profound errors he made,” said Mr. Hernandez, the McDonald’s chairman. “Today’s resolution avoids a protracted court process and moves us beyond a chapter that belongs in our past.”</p><p><blockquote>麦当劳董事长埃尔南德斯表示:“虽然史蒂夫的不当行为不需要得到这个社区任何成员的原谅,但他已经为自己犯下的严重错误向他的前同事、特许经营商、供应商和董事会道歉。”“今天的决议避免了旷日持久的法庭程序,并使我们超越了属于我们过去的一章。”</blockquote></p><p></p>","source":"lsy1608616134662","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Former McDonald’s C.E.O. Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFormer McDonald’s C.E.O. Repays Company $105 Million<blockquote>麦当劳前CEO偿还公司1.05亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The New York Times</strong><span class=\"h-time small\">2021-12-17 11:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation.</p><p><blockquote>与史蒂夫·伊斯特布鲁克(Steve Easterbrook)达成的和解是有史以来最大的高管薪酬追回之一。史蒂夫·伊斯特布鲁克(Steve Easterbrook)于2019年因不正当关系被赶下台。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/850a4bcfa411d4e4884c31fe03bdb585\" tg-width=\"1024\" tg-height=\"683\" width=\"100%\" height=\"auto\"><span>The agreement with Steve Easterbrook will end a contentious legal battle.Credit...Richard Drew/Associated Press</span></p><p><blockquote><p class=\"t-img-caption\"><span>与史蒂夫·伊斯特布鲁克的协议将结束一场有争议的法律战。图片来源...理查德·德鲁/美联社</span></p></blockquote></p><p> The former McDonald’s chief executive Steve Easterbrook, who was ousted by the company in 2019 for having an inappropriate relationship with a subordinate, has returned $105 million in cash and stock to the company in one of the largest clawbacks in the history of corporate America.</p><p><blockquote>麦当劳前首席执行官史蒂夫·伊斯特布鲁克(Steve Easterbrook)因与下属存在不正当关系而于2019年被公司罢免,他已向公司返还了1.05亿美元的现金和股票,这是美国企业史上最大的追回之一。</blockquote></p><p> Mr. Easterbrook has been engaged in a contentious battle with McDonald’s for the past year, after the company sued him for lying to investigators at the time of his dismissal. As part of the deal announced on Thursday, McDonald’s agreed to drop its lawsuit against Mr. Easterbrook.</p><p><blockquote>过去一年,伊斯特布鲁克一直在与麦当劳进行一场有争议的斗争,此前该公司起诉他在解雇他时向调查人员撒谎。作为周四宣布的交易的一部分,麦当劳同意放弃对伊斯特布鲁克的诉讼。</blockquote></p><p> In a message to employees, Enrique Hernandez Jr., the McDonald’s chairman, said that the company wanted to hold Mr. Easterbrook “accountable for his lies and misconduct, including the way in which he exploited his position as C.E.O.,” and that this settlement achieved that goal.</p><p><blockquote>麦当劳董事长小恩里克·埃尔南德斯(Enrique Hernandez Jr.)在给员工的一封信中表示,公司希望让伊斯特布鲁克“为他的谎言和不当行为负责,包括他利用首席执行官职位的方式”,这一和解协议实现了这一目标。</blockquote></p><p> Mr. Easterbrook was fired in 2019 after he engaged in a consensual relationship with an employee in violation of company policy, eventually setting off an unusually acrimonious fight between a wealthy executive and one of the country’s most prominent companies.</p><p><blockquote>伊斯特布鲁克先生于2019年被解雇,此前他违反公司政策与一名员工建立了两厢情愿的关系,最终引发了一位富有的高管与美国最著名的公司之一之间异常激烈的斗争。</blockquote></p><p> At the time of his dismissal, the McDonald’s board determined that Mr. Easterbrook had “demonstrated poor judgment,” but decided not to fire him “for cause” — that is, for being dishonest or committing a criminal act. That decision, the board hoped, would avoid a lengthy legal dispute. It also allowed Mr. Easterbrook to walk away with a compensation package worth more than $40 million. .</p><p><blockquote>在解雇伊斯特布鲁克时,麦当劳董事会认定伊斯特布鲁克先生“表现出糟糕的判断力”,但决定不“有理由”解雇他——即不诚实或犯有犯罪行为。董事会希望这一决定能够避免一场漫长的法律纠纷。它还允许伊斯特布鲁克先生带着价值超过4000万美元的薪酬离开。.</blockquote></p><p> But according to the company’s lawsuit against Mr. Easterbrook, his contract contained a provision that would let McDonald’s recoup severance payments if it later determined the employee should have been fired for cause.</p><p><blockquote>但根据该公司对伊斯特布鲁克的诉讼,他的合同中包含一项条款,如果麦当劳后来确定该员工应该因故被解雇,该条款将允许麦当劳收回遣散费。</blockquote></p><p> That clause became relevant in 2020, when a McDonald’s employee said that Mr. Easterbrook had a sexual relationship with another subordinate while he was chief executive. The new accusation spurred another investigation of Mr. Easterbrook’s records, and prompted the company to sue him last year, accusing its former chief of lying, concealing evidence and fraud.</p><p><blockquote>该条款在2020年变得相关,当时一名麦当劳员工表示,伊斯特布鲁克先生在担任首席执行官期间与另一名下属发生了性关系。新的指控引发了对伊斯特布鲁克记录的另一项调查,并促使该公司去年起诉他,指控其前首席执行官撒谎、隐瞒证据和欺诈。</blockquote></p><p> During its investigation into the second accusation, McDonald’s said it found “dozens of nude, partially nude or sexually explicit photographs and videos of various women, including photographs of these company employees, that Easterbrook had sent as attachments to messages from his company email account to his personal email account.”</p><p><blockquote>在对第二项指控的调查中,麦当劳表示,它发现了“数十张不同女性的裸体、部分裸体或露骨的性照片和视频,包括这些公司员工的照片,伊斯特布鲁克将这些照片和视频作为附件从其公司电子邮件帐户发送到他的个人电子邮件帐户。”</blockquote></p><p> The company also revealed that Mr. Easterbrook had awarded hundreds of thousands of dollars’ worth of stock to one of the women with whom he was having a sexual relationship. In its lawsuit, McDonald’s said that its former chief had lied to investigators in the initial inquiry, and that if he had “been candid with McDonald’s investigators and not concealed evidence, McDonald’s would have known that it had legal cause to terminate him in 2019.”</p><p><blockquote>该公司还透露,伊斯特布鲁克先生将价值数十万美元的股票授予了与他发生性关系的一名女性。麦当劳在诉讼中表示,其前首席执行官在最初的调查中向调查人员撒谎,如果他“对麦当劳调查人员坦诚,没有隐瞒证据,麦当劳就会知道有合法理由在2019年解雇他。”</blockquote></p><p> Mr. Easterbrook initially decided to fight the lawsuit, and his lawyers filed a motion to dismiss, calling it “meritless and misleading.”</p><p><blockquote>伊斯特布鲁克先生最初决定打这场官司,他的律师提出了驳回诉讼的动议,称其“毫无根据且具有误导性”。</blockquote></p><p> During his time as chief executive, Mr. Easterbrook sold more than $64 million in stock; when he departed in 2019, the value of the stock and options he had been awarded was worth $41 million. But as McDonald’s stock has soared to $264 a share from $193 in 2019, the value of those stock and options has grown to $89 million, according to the executive compensation consulting firm Equilar. It is not clear whether Mr. Easterbrook sold any of his shares after he left the company.</p><p><blockquote>在担任首席执行官期间,伊斯特布鲁克先生出售了超过6400万美元的股票;当他在2019年离职时,他获得的股票和期权价值为4100万美元。但根据高管薪酬咨询公司Equilar的数据,随着麦当劳股价从2019年的193美元飙升至每股264美元,这些股票和期权的价值已增长至8900万美元。目前尚不清楚伊斯特布鲁克离开公司后是否出售了任何股份。</blockquote></p><p> Nonetheless, with his agreement to return the huge sum of cash and stock to the company, Mr. Easterbrook has effectively conceded what was shaping up to be a long and costly legal battle. Mr. Easterbrook apologized in a statement released by the company.</p><p><blockquote>尽管如此,伊斯特布鲁克先生同意将巨额现金和股票返还给公司,实际上是承认了这场漫长而昂贵的法律战。伊斯特布鲁克先生在公司发布的一份声明中道歉。</blockquote></p><p> “During my tenure as C.E.O., I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” he said. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.”</p><p><blockquote>“在我担任首席执行官期间,我有时未能坚持麦当劳的价值观,也未能履行作为公司领导者的某些职责,”他说。“我为此向我的前同事、董事会以及公司的特许经营商和供应商道歉。”</blockquote></p><p> Under Mr. Easterbrook’s successor,Chris Kempczinski, McDonald’s has emerged as a clear winner during the pandemic the past two years. Thanks to a combination of increased drive-through business; a robust push of its mobile app and loyalty programs; and meal collaborations with various celebrities and groups, including the K-pop sensation BTS, revenues at McDonald’s are on track to top $23 billion this year, the highest level in five years.</p><p><blockquote>在伊斯特布鲁克的继任者克里斯·肯普钦斯基(Chris Kempczinski)的领导下,麦当劳在过去两年的疫情期间明显成为赢家。得益于免下车业务的增加;大力推广其移动应用程序和忠诚度计划;以及与包括韩国流行歌手BTS在内的各种名人和团体的餐饮合作,麦当劳今年的收入有望突破230亿美元,为五年来的最高水平。</blockquote></p><p></p><p> Earlier this year, Mr. Kempczinski defended the board’s handling of Mr. Easterbrook’s firing. “I thought they handled it as best as they could,”he said.</p><p><blockquote>今年早些时候,肯普钦斯基为董事会对伊斯特布鲁克被解雇的处理方式进行了辩护。“我认为他们已经尽力处理了,”他说。</blockquote></p><p> Still, despite the company’s financial gains, a new training program for its restaurants and efforts to improve diversity and inclusion, some critics say not enough has been done to fix other problems that run deep in McDonald’s culture. The fast-food giant has faced myriad lawsuits and claims in recent years, some involving allegations of sexual harassment and others around racial discrimination.</p><p><blockquote>尽管如此,尽管该公司取得了财务收益,为其餐厅制定了新的培训计划,并努力提高多样性和包容性,但一些批评者表示,在解决麦当劳文化中根深蒂固的其他问题方面做得还不够。这家快餐巨头近年来面临无数诉讼和索赔,其中一些涉及性骚扰指控,另一些则涉及种族歧视。</blockquote></p><p> “McDonald’s should use the money it got back from the former C.E.O. to develop a real plan to stop the rampant sexual harassment occurring from the drive-throughs to the C-suite,” the advocacy group Fight for $15 said in a statement.</p><p><blockquote>倡导组织Fight for 15在一份声明中表示:“麦当劳应该利用从前首席执行官那里收回的钱制定一项真正的计划,以阻止从得来速餐厅到高管层的猖獗性骚扰。”</blockquote></p><p> In November, the release oftextmessages between Mr. Kempczinski and Chicago Mayor Lori Lightfoot — in which he seemed to blame the deaths of two Black and Latino children on their parents — prompted calls for his resignation. An investment group representing union pension funds issued a shareholder proposal asking McDonald’s to conduct a third-party audit of its policies and practices around the civil rights of employees and consumers. Mr. Kempczinski has repeatedly apologized for the comments.</p><p><blockquote>11月,肯普钦斯基与芝加哥市长洛里·莱特富特(Lori Lightfoot)之间的短信被公开——他似乎将两名黑人和拉丁裔儿童的死亡归咎于他们的父母——促使评级辞职。一个代表工会养老基金的投资集团发布了一份股东提案,要求麦当劳对其围绕员工和消费者公民权利的政策和做法进行第三方审计。肯普钦斯基多次为这些言论道歉。</blockquote></p><p> Dieter Waizenegger, the executive director of the SOC Investment Group, said that as a shareholder, he was pleased the compensation had been returned, but still felt the board failed to do its job.</p><p><blockquote>SOC投资集团执行董事迪特·怀辛格(Dieter Waizenegger)表示,作为股东,他很高兴薪酬已退还,但仍认为董事会未能做好自己的工作。</blockquote></p><p> “The board could have saved itself a lot of time and probably a lot in legal fees if they had conducted a thorough initial investigation of Easterbrook’s behavior in the first place,” said Mr. Waizenegger. “This settlement comes after two years of wrangling and airing of dirty laundry in the media.”</p><p><blockquote>“如果董事会一开始就对伊斯特布鲁克的行为进行彻底的初步调查,他们本可以节省大量时间,甚至可能节省大量法律费用,”怀辛格先生说。“这一和解是在两年的争吵和媒体曝光之后达成的。”</blockquote></p><p> McDonald’s also still faces numerous shareholder lawsuits over the firing of the executive.</p><p><blockquote>麦当劳还因解雇这位高管而面临众多股东诉讼。</blockquote></p><p> On Thursday, the company said that “Mr. Easterbrook would return equity awards and cash, with a current value of more than $105 million, which he would have forfeited had he been truthful at the time of his termination and, as a result, been terminated for cause.” It did not specify the proportion of cash and stock. McDonald’s shares are up more than 25 percent this year.</p><p><blockquote>周四,该公司表示,“伊斯特布鲁克先生将返还目前价值超过1.05亿美元的股权奖励和现金,如果他在解雇时说实话,他将被没收这些奖励和现金,并因此被解雇。”原因。”它没有具体说明现金和股票的比例。麦当劳股价今年上涨了25%以上。</blockquote></p><p> In his more than four years on the job, Mr. Easterbrook was credited with turning around McDonald’s and reviving its languishing stock price. As chief executive, he reduced costs, introduced touch-screen ordering and established all-day breakfast. Shares in the company roughly doubled.</p><p><blockquote>在四年多的工作中,伊斯特布鲁克先生被认为扭转了麦当劳的局面并重振了其萎靡不振的股价。作为首席执行官,他降低了成本,引入了触摸屏点餐,并建立了全天早餐。该公司的股价大约翻了一番。</blockquote></p><p> The clawback of his compensation, while large, is not the biggest in corporate history, although many earlier situations involved allegations of financial or accounting fraud. In 2007, the Securities and Exchange Commissionrecoveredmore than $400 million in profits made by William McGuire, the former chief executive of United Health, to settle claims related to a scheme involving the backdating of options. Later, Tyco International sued a former chief executive, Dennis Kozlowski, who had been convicted of looting the company, in an effort to collect $500 million he had received in compensation and benefits.</p><p><blockquote>他的薪酬虽然很大,但并不是公司历史上最大的一次,尽管许多早期的情况都涉及财务或会计欺诈的指控。2007年,美国证券交易委员会追回了联合健康公司前首席执行官威廉·麦奎尔(William McGuire)赚取的超过4亿美元利润,以解决与涉及期权回溯计划相关的索赔。后来,泰科国际起诉了前首席执行官丹尼斯·科兹洛夫斯基(Dennis Kozlowski),他被判抢劫公司,试图收回他获得的5亿美元赔偿和福利。</blockquote></p><p> “While Steve’s misconduct need not be forgiven by any member of this community, he has apologized to his former co-workers, franchisees, suppliers and the board for the profound errors he made,” said Mr. Hernandez, the McDonald’s chairman. “Today’s resolution avoids a protracted court process and moves us beyond a chapter that belongs in our past.”</p><p><blockquote>麦当劳董事长埃尔南德斯表示:“虽然史蒂夫的不当行为不需要得到这个社区任何成员的原谅,但他已经为自己犯下的严重错误向他的前同事、特许经营商、供应商和董事会道歉。”“今天的决议避免了旷日持久的法庭程序,并使我们超越了属于我们过去的一章。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.nytimes.com/2021/12/16/business/mcdonalds-steve-easterbrook.html?searchResultPosition=1\">The New York Times</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCD":"麦当劳"},"source_url":"https://www.nytimes.com/2021/12/16/business/mcdonalds-steve-easterbrook.html?searchResultPosition=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144273047","content_text":"The settlement with Steve Easterbrook, who was ousted in 2019 for an inappropriate relationship, is one of the largest ever clawbacks of executive compensation.\nThe agreement with Steve Easterbrook will end a contentious legal battle.Credit...Richard Drew/Associated Press\nThe former McDonald’s chief executive Steve Easterbrook, who was ousted by the company in 2019 for having an inappropriate relationship with a subordinate, has returned $105 million in cash and stock to the company in one of the largest clawbacks in the history of corporate America.\nMr. Easterbrook has been engaged in a contentious battle with McDonald’s for the past year, after the company sued him for lying to investigators at the time of his dismissal. As part of the deal announced on Thursday, McDonald’s agreed to drop its lawsuit against Mr. Easterbrook.\nIn a message to employees, Enrique Hernandez Jr., the McDonald’s chairman, said that the company wanted to hold Mr. Easterbrook “accountable for his lies and misconduct, including the way in which he exploited his position as C.E.O.,” and that this settlement achieved that goal.\nMr. Easterbrook was fired in 2019 after he engaged in a consensual relationship with an employee in violation of company policy, eventually setting off an unusually acrimonious fight between a wealthy executive and one of the country’s most prominent companies.\nAt the time of his dismissal, the McDonald’s board determined that Mr. Easterbrook had “demonstrated poor judgment,” but decided not to fire him “for cause” — that is, for being dishonest or committing a criminal act. That decision, the board hoped, would avoid a lengthy legal dispute. It also allowed Mr. Easterbrook to walk away with a compensation package worth more than $40 million. .\nBut according to the company’s lawsuit against Mr. Easterbrook, his contract contained a provision that would let McDonald’s recoup severance payments if it later determined the employee should have been fired for cause.\nThat clause became relevant in 2020, when a McDonald’s employee said that Mr. Easterbrook had a sexual relationship with another subordinate while he was chief executive. The new accusation spurred another investigation of Mr. Easterbrook’s records, and prompted the company to sue him last year, accusing its former chief of lying, concealing evidence and fraud.\nDuring its investigation into the second accusation, McDonald’s said it found “dozens of nude, partially nude or sexually explicit photographs and videos of various women, including photographs of these company employees, that Easterbrook had sent as attachments to messages from his company email account to his personal email account.”\nThe company also revealed that Mr. Easterbrook had awarded hundreds of thousands of dollars’ worth of stock to one of the women with whom he was having a sexual relationship. In its lawsuit, McDonald’s said that its former chief had lied to investigators in the initial inquiry, and that if he had “been candid with McDonald’s investigators and not concealed evidence, McDonald’s would have known that it had legal cause to terminate him in 2019.”\nMr. Easterbrook initially decided to fight the lawsuit, and his lawyers filed a motion to dismiss, calling it “meritless and misleading.”\nDuring his time as chief executive, Mr. Easterbrook sold more than $64 million in stock; when he departed in 2019, the value of the stock and options he had been awarded was worth $41 million. But as McDonald’s stock has soared to $264 a share from $193 in 2019, the value of those stock and options has grown to $89 million, according to the executive compensation consulting firm Equilar. It is not clear whether Mr. Easterbrook sold any of his shares after he left the company.\nNonetheless, with his agreement to return the huge sum of cash and stock to the company, Mr. Easterbrook has effectively conceded what was shaping up to be a long and costly legal battle. Mr. Easterbrook apologized in a statement released by the company.\n“During my tenure as C.E.O., I failed at times to uphold McDonald’s values and fulfill certain of my responsibilities as a leader of the company,” he said. “I apologize to my former co-workers, the board and the company’s franchisees and suppliers for doing so.”\nUnder Mr. Easterbrook’s successor,Chris Kempczinski, McDonald’s has emerged as a clear winner during the pandemic the past two years. Thanks to a combination of increased drive-through business; a robust push of its mobile app and loyalty programs; and meal collaborations with various celebrities and groups, including the K-pop sensation BTS, revenues at McDonald’s are on track to top $23 billion this year, the highest level in five years.\nEarlier this year, Mr. Kempczinski defended the board’s handling of Mr. Easterbrook’s firing. “I thought they handled it as best as they could,”he said.\nStill, despite the company’s financial gains, a new training program for its restaurants and efforts to improve diversity and inclusion, some critics say not enough has been done to fix other problems that run deep in McDonald’s culture. The fast-food giant has faced myriad lawsuits and claims in recent years, some involving allegations of sexual harassment and others around racial discrimination.\n“McDonald’s should use the money it got back from the former C.E.O. to develop a real plan to stop the rampant sexual harassment occurring from the drive-throughs to the C-suite,” the advocacy group Fight for $15 said in a statement.\nIn November, the release oftextmessages between Mr. Kempczinski and Chicago Mayor Lori Lightfoot — in which he seemed to blame the deaths of two Black and Latino children on their parents — prompted calls for his resignation. An investment group representing union pension funds issued a shareholder proposal asking McDonald’s to conduct a third-party audit of its policies and practices around the civil rights of employees and consumers. Mr. Kempczinski has repeatedly apologized for the comments.\nDieter Waizenegger, the executive director of the SOC Investment Group, said that as a shareholder, he was pleased the compensation had been returned, but still felt the board failed to do its job.\n“The board could have saved itself a lot of time and probably a lot in legal fees if they had conducted a thorough initial investigation of Easterbrook’s behavior in the first place,” said Mr. Waizenegger. “This settlement comes after two years of wrangling and airing of dirty laundry in the media.”\nMcDonald’s also still faces numerous shareholder lawsuits over the firing of the executive.\nOn Thursday, the company said that “Mr. Easterbrook would return equity awards and cash, with a current value of more than $105 million, which he would have forfeited had he been truthful at the time of his termination and, as a result, been terminated for cause.” It did not specify the proportion of cash and stock. McDonald’s shares are up more than 25 percent this year.\nIn his more than four years on the job, Mr. Easterbrook was credited with turning around McDonald’s and reviving its languishing stock price. As chief executive, he reduced costs, introduced touch-screen ordering and established all-day breakfast. Shares in the company roughly doubled.\nThe clawback of his compensation, while large, is not the biggest in corporate history, although many earlier situations involved allegations of financial or accounting fraud. In 2007, the Securities and Exchange Commissionrecoveredmore than $400 million in profits made by William McGuire, the former chief executive of United Health, to settle claims related to a scheme involving the backdating of options. Later, Tyco International sued a former chief executive, Dennis Kozlowski, who had been convicted of looting the company, in an effort to collect $500 million he had received in compensation and benefits.\n“While Steve’s misconduct need not be forgiven by any member of this community, he has apologized to his former co-workers, franchisees, suppliers and the board for the profound errors he made,” said Mr. Hernandez, the McDonald’s chairman. “Today’s resolution avoids a protracted court process and moves us beyond a chapter that belongs in our past.”","news_type":1,"symbols_score_info":{"MCD":0.9}},"isVote":1,"tweetType":1,"viewCount":3226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690896445,"gmtCreate":1639652393394,"gmtModify":1639652394666,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Thank you tiger broker","listText":"Thank you tiger broker","text":"Thank you tiger broker","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690896445","isVote":1,"tweetType":1,"viewCount":2993,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690308587,"gmtCreate":1639628257626,"gmtModify":1639628424628,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":3,"commentSize":16,"repostSize":0,"link":"https://laohu8.com/post/690308587","repostId":"1194895061","repostType":4,"isVote":1,"tweetType":1,"viewCount":3161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845075398,"gmtCreate":1636258003814,"gmtModify":1636258052494,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/845075398","repostId":"2181446977","repostType":4,"isVote":1,"tweetType":1,"viewCount":3695,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862585726,"gmtCreate":1632890770550,"gmtModify":1632890771031,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/862585726","repostId":"2171002286","repostType":4,"repost":{"id":"2171002286","kind":"news","pubTimestamp":1632887040,"share":"https://www.laohu8.com/m/news/2171002286?lang=zh_CN&edition=full","pubTime":"2021-09-29 11:44","market":"other","language":"en","title":"Telstra (ASX:TLS) Will Be Looking To Turn Around Its Returns<blockquote>Telstra(ASX:TLS)将寻求扭转其回报</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2171002286","media":"Simply Wall St.","summary":"What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll","content":"<p><div> What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a...</p><p><blockquote><div>哪些潜在的基本面趋势可以表明一家公司可能正在衰落?通常,我们会看到资本回报率(ROCE)下降的趋势,这通常与...</div></blockquote></p><p> <a href=\"https://finance.yahoo.com/news/telstra-asx-tls-looking-turn-031200374.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/telstra-asx-tls-looking-turn-031200374.html\">网页连接</a></blockquote></p><p></p>","source":"yahoofinance_au","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Telstra (ASX:TLS) Will Be Looking To Turn Around Its Returns<blockquote>Telstra(ASX:TLS)将寻求扭转其回报</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTelstra (ASX:TLS) Will Be Looking To Turn Around Its Returns<blockquote>Telstra(ASX:TLS)将寻求扭转其回报</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Simply Wall St.</strong><span class=\"h-time small\">2021-09-29 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a...</p><p><blockquote><div>哪些潜在的基本面趋势可以表明一家公司可能正在衰落?通常,我们会看到资本回报率(ROCE)下降的趋势,这通常与...</div></blockquote></p><p> <a href=\"https://finance.yahoo.com/news/telstra-asx-tls-looking-turn-031200374.html\">网页链接</a> </div> </p><p><blockquote><a href=\"https://finance.yahoo.com/news/telstra-asx-tls-looking-turn-031200374.html\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/telstra-asx-tls-looking-turn-031200374.html\">Simply Wall St.</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e9fe0e6bff13b2ed38bbefbc6dd73e91","relate_stocks":{"TLS.AU":"TELSTRA GROUP LTD"},"source_url":"https://finance.yahoo.com/news/telstra-asx-tls-looking-turn-031200374.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2171002286","content_text":"What underlying fundamental trends can indicate that a company might be in decline? Typically, we'll see the trend of both return on capital employed (ROCE) declining and this usually coincides with a decreasing amount of capital employed. This combination can tell you that not only is the company investing less, it's earning less on what it does invest. In light of that, from a first glance at Telstra (ASX:TLS), we've spotted some signs that it could be struggling, so let's investigate.\nReturn On Capital Employed (ROCE): What is it?\nFor those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Telstra:\nReturn on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)\n0.066 = AU$2.1b ÷ (AU$43b - AU$10b) (Based on the trailing twelve months to June 2021).\nTherefore, Telstra has an ROCE of 6.6%. On its own, that's a low figure but it's around the 5.9% average generated by the Telecom industry.\n See our latest analysis for Telstra \nASX:TLS Return on Capital Employed September 29th 2021\nAbove you can see how the current ROCE for Telstra compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like to see what analysts are forecasting going forward, you should check out our free report for Telstra.\nWhat Does the ROCE Trend For Telstra Tell Us?\nIn terms of Telstra's historical ROCE movements, the trend doesn't inspire confidence. About five years ago, returns on capital were 17%, however they're now substantially lower than that as we saw above. On top of that, it's worth noting that the amount of capital employed within the business has remained relatively steady. Companies that exhibit these attributes tend to not be shrinking, but they can be mature and facing pressure on their margins from competition. If these trends continue, we wouldn't expect Telstra to turn into a multi-bagger.\nWhat We Can Learn From Telstra's ROCE\nAll in all, the lower returns from the same amount of capital employed aren't exactly signs of a compounding machine. In spite of that, the stock has delivered a 1.3% return to shareholders who held over the last five years. Either way, we aren't huge fans of the current trends and so with that we think you might find better investments elsewhere.","news_type":1,"symbols_score_info":{"TLS.AU":0.9}},"isVote":1,"tweetType":1,"viewCount":2428,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868710033,"gmtCreate":1632704778122,"gmtModify":1632798456082,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/868710033","repostId":"2170614125","repostType":4,"isVote":1,"tweetType":1,"viewCount":3196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":884778993,"gmtCreate":1631937999912,"gmtModify":1632805193291,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":17,"repostSize":0,"link":"https://laohu8.com/post/884778993","repostId":"1132017913","repostType":4,"repost":{"id":"1132017913","kind":"news","pubTimestamp":1631921413,"share":"https://www.laohu8.com/m/news/1132017913?lang=zh_CN&edition=full","pubTime":"2021-09-18 07:30","market":"us","language":"en","title":"Wall Street Crime And Punishment: Dennis Kozlowski, Tyco International's Big-Spending Vulgarian<blockquote>华尔街罪与罚:丹尼斯·科兹洛夫斯基,泰科国际的大手笔庸俗</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132017913","media":"Benzinga","summary":"Does crime pay?\nWall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicl","content":"<p><div> Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the ...</p><p><blockquote><div>犯罪有代价吗?《华尔街犯罪与惩罚》是本津加的菲尔霍尔周刊系列,记录了银行家、经纪人和金融非赢利者,他们的野心和贪婪将他们带入了...</div></blockquote></p><p> <a href=\"https://www.benzinga.com/news/21/09/22976498/wall-street-crime-and-punishment-dennis-kozlowski-tyco-internationals-big-spending-vulgarian\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/09/22976498/wall-street-crime-and-punishment-dennis-kozlowski-tyco-internationals-big-spending-vulgarian\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Crime And Punishment: Dennis Kozlowski, Tyco International's Big-Spending Vulgarian<blockquote>华尔街罪与罚:丹尼斯·科兹洛夫斯基,泰科国际的大手笔庸俗</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Crime And Punishment: Dennis Kozlowski, Tyco International's Big-Spending Vulgarian<blockquote>华尔街罪与罚:丹尼斯·科兹洛夫斯基,泰科国际的大手笔庸俗</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-09-18 07:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Does crime pay? Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the ...</p><p><blockquote><div>犯罪有代价吗?《华尔街犯罪与惩罚》是本津加的菲尔霍尔周刊系列,记录了银行家、经纪人和金融非赢利者,他们的野心和贪婪将他们带入了...</div></blockquote></p><p> <a href=\"https://www.benzinga.com/news/21/09/22976498/wall-street-crime-and-punishment-dennis-kozlowski-tyco-internationals-big-spending-vulgarian\">网页链接</a> </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/09/22976498/wall-street-crime-and-punishment-dennis-kozlowski-tyco-internationals-big-spending-vulgarian\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.benzinga.com/news/21/09/22976498/wall-street-crime-and-punishment-dennis-kozlowski-tyco-internationals-big-spending-vulgarian\">Benzinga</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/news/21/09/22976498/wall-street-crime-and-punishment-dennis-kozlowski-tyco-internationals-big-spending-vulgarian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132017913","content_text":"Does crime pay?\nWall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIn Dennis Kozlowski’s mind, he was in the wrong place at the wrong time — specifically, the courts of justice and public opinion in the early 2000s, when the corporate chieftains of Worldcom, EnronandAdelphia,not to mention the ultra-high-profile Martha Stewart,faced humiliating trials and convictions followed by prison sentences.\nKozlowski, who was convicted on 22 counts of grand larceny, conspiracy and securities fraud and served more than six years in prison following a high-profile leadership reign as CEO of Tyco International,lamented that he would never have faced a legal nightmare if his case came up during the Obama Justice Department era when prosecutions of badly behaved corporate leaders barely occurred.\n“After 2008, nobody was prosecuted,” he grumbled.\nBut if Kozlowski’s fall from grace did not take place when the stars were aligned in his favor, he found an ally in time during his post-incarceration years, where access to friendly media outlets have helped to redefine the circumstances of his derailment and allow his reinvention as a self-described martyr to a dysfunctional justice system.\nThe Boom Years: Leo Dennis Kozlowski was born Nov. 16, 1946, in Newark, New Jersey. His father worked in Newark’s public transportation service and his mother did double-duty as a school crossing guard and Newark Police Department employee.\nKozlowski held a variety of odd jobs in his youth, including stints at a car wash and a pharmacy, to finance his education at New Jersey’s Seton Hall University.\nHe briefly worked at SCM Corporation in New York City and Cabot Corporation in Boston before joining the Nashua, New Hampshire, division of Tyco International in 1975 as an accountant with an annual salary of $28,000.\nHe worked his way up through the ranks, landing the chief operating officer title by 1989 and CEO spot in 1992. Kozlowski’s ascension was mirrored by Tyco’s blossoming from a somewhat sleepy little security systems company with $20 million in revenue into a global conglomerate with more than $40 billion in revenue and a market capitalization of more than $110 billion.\nTyco’s remarkable growth was based solely on the surplus number of acquisitions that Kozlowski was able to pull off during his chief executive years. A July 1998 profile of Kozlowski in Forbes marveled at how he orchestrated 88 different acquisitions during his first six years at the company’s helm, dubbing him “Deal-a-Month Dennis” for his ability to quickly secure takeovers.\nWhile the magazine ogled at the quantity of the acquisitions, Kozlowski highlighted the quality of the deals.\n\"We're fully aware that most acquisitions don't work,\" Kozlowski said. \"Taking a gamble on a future revenue stream is a neighborhood we don't need to play in.\"\nThe key to success in this area, he added, was assimilating the acquired company as quickly as possible to ensure a swift and seamless integration into the Tyco culture.\n\"Our obligation is to get the cost out and get that over with quickly so we can move on from there and get the growth going in the company,\" he said.\nIn retrospect, Kozlowski admitted his penchant for purchasing companies was sloppy around the edges.\n“I did push the organization hard and we built up a large company from nothing very quickly,” he said in a June 2020 interview with the Nantucket-based N Magazine. “We went from infancy to adulthood without passing through adolescence. And in that process, we never built the infrastructure or the documentation that most companies have to support the kind of growth we had.\n“We didn’t have the lawyers or financial people on staff to support the large businesses that we were running,” he continued. “I was guilty of not building a corporate staff that was comparable to the size of the organization we were running.”\nActually, there was a bit more to his story than inadequate human resources support.\nThe Very Ripe Fruits Of Success: While Kozlowski’s business acumen enriched Tyco, he did not believe that the CEO of a multi-billion-dollar conglomerate was meant to endure the life of an ascetic.\nKozlowski’s life beyond his office would take the notion of excessive consumption to vulgar depths, with an extravagance befitting of decadent royal houses of days gone by.\nKozlowski owned a $30 million duplex apartment on New York City’s swanky Fifth Avenue that included a $15,000 umbrella stand and a $6,000 shower curtain in his maid’s bathroom. Other property holdings included several acres in a Boca Raton, Florida, gated community known as “The Sanctuary” and a multi-million-dollar oceanfront mansion on Nantucket.\nHe was also a generous host when it came to entertaining family and friends, most notably for the 40th birthday of Karen Kozlowski, his second wife — he arranged for a party on the Italian island of Sardinia that included a private concert by Jimmy Buffett and an ice sculpture of Michelangelo’s David that featured Stolichnaya vodka pouring from the Goliath-slayer’s penis.\nKozlowski would later claim that expensive material goods only brought him a fleeting sense of self-worth.\n“What did happen is that I wanted to show my success,” he recalled in an interview. “So I acquired some homes, a boat and things that I had little time to use. I was probably on [my sailing yacht] Endeavour 10 nights a year. I was probably at my ski house in Bachelor Gulch [Colorado] maybe five or six nights a year over the holidays. So I don’t know the exact numbers, but I never used any of these assets when I acquired them.”\nOf course, being nouveau riche with extraordinary bad taste might be an aesthetic crime, but it is not a violation of state or federal law.\nKozlowski’s problem, however, involved who was footing the bill for the Marie Antoinette-worthy shower curtain and the decidedly non-Biblical David. The Sardinia party cost $2 million with Tyco covering half of the bill and his extensive real estate holdings were also traced to the Tyco coffers.\nIn 2002, Kozlowski sought to put Tyco’s money to classier use when he purchased a series of paintings that included a Claude Monet and Pierre-August Renoir for $14 million. The office of Robert Morgenthau, the New York County District Attorney, had been suspicious of the quickie nature of some of those aforementioned Tyco acquisitions, and a careful probe of Kozlowski’s art purchases showed that he evaded paying sales tax on those items. Even worse, they were invoiced for display at Tyco’s headquarters and not Kozlowski’s residence.\nMorgenthau, who never shied away from the prospect of a high-profile investigation that would put his name in the headlines, zeroed in on Tyco and Kozlowski.\nGetting What They Paid For? In his N Magazine interview, Kozlowski would recall that he was earning a $1 million annual salary at the time that his troubles began to ferment, but he insisted Tyco operated an independent compensation board that he did not control or influence. Kozlowski also stated that he was considering early retirement and announced his plans to the board of directors, only to have the compensation committee talk him into staying.\n“The compensation committee got together and came back and said, ‘We really want you to stay — we’ll give you three times your salary, stock and unlimited use of an airplane, an apartment and staff to take care of all this for the rest of your life,'” he said.\n“So I went to our vice president of HR, and said, ‘The board offer is probably worth over $100 million dollars. Please go back to the board and tell them I want three times my annual compensation of the stock, the bonus and the salary.’ I thought there was no way in hell that they would ever support that. To my surprise, they approved it.”\nBut that is not what Morgenthau’s office saw. Kozlowski retired from Tyco in June 2002 and two months later he was indicted on 23 counts of conspiracy, securities fraud, grand larceny and falsifying records. Tyco’s former chief financial officer Mark Swartz was also indicted at the same time on similar charges. The indictments were unusual because the defendants were being charged in a state court rather than a federal court — the U.S. Department of Justice never became involved in Kozlowski’s case.\n“Morgenthau was running for re-election and he was facing his first real challenge at the time,” Kozlowski later stated. “He had been district attorney for many years. He wanted to show that he was going to prosecute white-collar crime as well as the day-to-day crimes of New York.”\nWhen Kozlowski came to trial in 2003, the prosecutors charged him with using Tyco as a personal piggy bank — he was accused of pocketing $81 million in unauthorized bonuses. Kozlowski’s attorneys argued that all of the money that went from Tyco to their client was authorized and he never looted the company.\nIf it was simply a he-said/he-said case, Kozlowski’s attorneys might have been able to dismantle the prosecutor’s volleys. But Morgenthau and his team had a damaging weapon: scores of videos that detailed Kozlowski’s reckless extravagance. One video showed the Sardinian party with its wacky excesses, while another offered Kozlowski’s former maid giving a tour of his Fifth Avenue apartment — she claimed he never lived there and only stopped by very occasionally, usually for a change of clothing.\nKozlowski’s trial was heading to a conviction when a mistrial was declared after one juror — who was supposedly holding out for acquittal — received threatening messages about her refusal to convict. A second trial was held and Kozlowski was found guilty on 22 of the 23 charges against him. He was acquitted of one count of falsifying records. He was also ordered to pay $100 million in restitution.\nPrior to his September 2005 sentencing, Kozlowski claimed he was convicted of bad optics.\n“I was a guy sitting in a courtroom making $100 million a year and I think a juror sitting there just would have to say, 'All that money? He must have done something wrong,'” he said. “I think it's as simple as that.”\nRedemption Song: Kozlowski served a six-and-a-half-year prison sentence, and it was only during his second parole hearing — the first effort ended in failure — did he show any degree of remorse, claiming his actions were the result of “greed, pure and simple — I feel horrible. I can't say how sorry I am and how deeply I regret my actions.”\nIn prison, Kozlowski was initially placed in solitary confinement for six months out of initial fear that he would be targeted by prison gangs due to his wealth, but he later ingratiated himself with fellow inmates by tutoring those in pursuit of their GED. He also began to reshape his public image by agreeing to interviews with the Wall Street Journal and CBS' “60 Minutes” where he presented himself as a reforming work-in-progress.\nSince his release in 2014, Kozlowski has turned up in multiple media interviews and guest speaking engagements detailing his rise, fall and return to everyday life; the remorse from his successful parole hearing never resurfaced.\nKozlowski relocated to Fort Lauderdale, Florida, and co-founded the merger-and-acquisitions consultancy Harborside Advisors with his third wife, Kimberly Fusaro-Kozlowski, who first contacted him while he was still in prison; his second wife Karen, the object of the Sardinia party, divorced him in 2006 while he was appealing his conviction.\nHe also co-founded Commandscape, a security and building management company, with Netscape founder Jim Clark as his business partner. He also chaired The Fortune Society in New York, a nonprofit that assists former inmates in their return to society.\nKozlowski’s case has been addressed by prominent lawyers who questioned whether justice was truly served. Catherine S. Neal wrote the impassioned “Dennis Kozlowski Was Not a Thief” for the January 2014 Harvard Business Review and expanded her thesis into the book “Taking Down the Lion: The Triumphant Rise and Tragic Fall of Tyco’s Dennis Kozlowski.”\nAnd noted civil rights attorney Dan Ackman stated that while Kozlowski and co-defendant Swartz “acted like pigs,” the larceny charges brought against them “did not depend on whether the defendants took the money — they did — but whether they were authorized to take it. Questions of authority are, by nature, legal questions, not questions for jurors.”\nUltimately, Kozlowski sought to have the last word on his case, insisting in an April 2021 interview with Leaders Magazine that he came out of these experiences a better man.\n“It was a real lesson in friendship and there were surprises along the way,” he said. “People became true friends who I had not really known were true friends, and people that I expected to be there for me were long gone. You really don’t find out who your true friends are and who you can count on until you really need them.”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2091,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888616308,"gmtCreate":1631493014804,"gmtModify":1631891112134,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888616308","repostId":"2167306583","repostType":4,"isVote":1,"tweetType":1,"viewCount":1588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883649039,"gmtCreate":1631239609721,"gmtModify":1631891112140,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/883649039","repostId":"1133278609","repostType":4,"isVote":1,"tweetType":1,"viewCount":1894,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880037783,"gmtCreate":1630998009442,"gmtModify":1631891112145,"author":{"id":"3581650882917100","authorId":"3581650882917100","name":"WendyGoh","avatar":"https://static.tigerbbs.com/aeb2b50cab4602df1e5f3c2c1880a1f6","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581650882917100","idStr":"3581650882917100"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/880037783","repostId":"1150809394","repostType":4,"repost":{"id":"1150809394","kind":"news","pubTimestamp":1630997306,"share":"https://www.laohu8.com/m/news/1150809394?lang=zh_CN&edition=full","pubTime":"2021-09-07 14:48","market":"sg","language":"en","title":"Singapore retail sales up 0.2% YoY in July<blockquote>新加坡7月零售额同比增长0.2%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150809394","media":"Singapore Business","summary":"UOB said retail sales will post a 10% full-year growth.\nRetail sales grew by a marginal 0.2% year-on","content":"<p><i><b>UOB said retail sales will post a 10% full-year growth.</b></i></p><p><blockquote><i><b>大华银行表示,零售额全年将增长10%。</b></i></blockquote></p><p> Retail sales grew by a marginal 0.2% year-on-year (YoY), smaller than the 26% increase recorded in June, with an estimated value of $3.4b, according to the Department of Statistics.</p><p><blockquote>根据统计局的数据,零售额同比小幅增长0.2%,低于6月份26%的增幅,估计价值为$3.4 B。</blockquote></p><p> Retail sales increased at a slower pace in July as physical stores were open in July this year and last year. Physical stores were closed until 18 June 2020 due to the Phase 1 measures.</p><p><blockquote>由于今年和去年7月实体店开业,7月零售额增速放缓。由于第一阶段措施,实体店关闭至2020年6月18日。</blockquote></p><p> Sales in the retail sector grew 0.8% month-on-month (MoM), seasonally adjusted, it said.</p><p><blockquote>报告称,经季节性调整后,零售业销售额环比增长0.8%。</blockquote></p><p> Retail sales value in July, meanwhile, remained to be below pre-COVID levels at $3.4b, 13.9% of which was made up of online retail sales, lower than the 15.4% recorded in June.</p><p><blockquote>与此同时,7月份的零售额仍低于新冠疫情前的水平,为$3.4 B,其中13.9%来自在线零售额,低于6月份的15.4%。</blockquote></p><p> Of the online retail sales, 14% were from the supermarkets and hypermarkets sector, 55.8% were from computer and telecommunications equipment sales, and 29.9% were furniture and household equipment.</p><p><blockquote>在网上零售额中,14%来自超市和大卖场,55.8%来自计算机和电信设备销售,29.9%来自家具和家用设备。</blockquote></p><p> Seven of the 14 retail industries saw an increase in sales in July, with sales from the petrol service stations, and watches and jewellery sectors recording the highest YoY change at 33.5% and 10.4%, respectively, mainly due to higher petrol prices and higher demand for watches.</p><p><blockquote>14个零售业中有7个行业的销售额在7月份有所增长,其中加油站以及手表和珠宝行业的销售额同比变化最高,分别为33.5%和10.4%,主要是由于汽油价格上涨和手表需求增加。</blockquote></p><p> Food and alcohol sales rose 8.1% YoY, supermarkets and hypermarkets increased 4.4%, whilst computer and telecommunications equipment climbed 4.2% YoY. Sales of motor vehicles, department stores, and optical goods and books posted the highest decline year-on-year at 9.8%, 9.2%, and 7.7%, respectively.</p><p><blockquote>食品和酒类销售额同比增长8.1%,超市和大卖场增长4.4%,计算机和电信设备同比增长4.2%。汽车、百货商店、光学用品和书籍的销售额同比跌幅最大,分别为9.8%、9.2%和7.7%。</blockquote></p><p> On a seasonally MoM basis, sales of department stores and wearing apparel and footwear increased 16.2% and 13.7%, respectively, in July 2021 due to promotional sale events, the department said. Motor vehicles, food and alcohol, and optical foods and books, on the other hand, logged the highest dip MoM by 11.4%, 5.5%, and 5.2%, respectively.</p><p><blockquote>该部门表示,在季节性环比基础上,由于促销活动,2021年7月百货商店和服装鞋类的销售额分别增长了16.2%和13.7%。另一方面,机动车辆、食品和酒类、光学食品和书籍的环比跌幅最高,分别为11.4%、5.5%和5.2%。</blockquote></p><p> Excluding motor vehicles, retail sales increased 2% YoY and 2.9% MoM, with a sales value of $2.9b.</p><p><blockquote>不包括机动车辆,零售额同比增长2%,环比增长2.9%,销售额为$2.9 b。</blockquote></p><p> UOB, meanwhile, said that retail sales demand has not recovered to pre-COVID-19 levels, but a gradual reopening of its borders “will certainly help.”</p><p><blockquote>与此同时,大华银行表示,零售需求尚未恢复到COVID-19之前的水平,但逐步重新开放边境“肯定会有所帮助”。</blockquote></p><p> It noted that for the rest of 2021, the low base in the months between August and December in 2020 “will remain a strong factor in supporting a rebound in retail sales growth in the coming months.”</p><p><blockquote>报告指出,在2021年剩余时间里,2020年8月至12月这几个月的低基数“仍将是支持未来几个月零售额增长反弹的有力因素”。</blockquote></p><p> “Note that retail sales had stayed in contraction territories till January 2021. Retail sales should also recover further in the months ahead on the back of domestic demand, given the likelihood for further improvement of Singapore’s labour market in 2H21,” it said.</p><p><blockquote>“请注意,零售额在2021年1月之前一直处于收缩区域。鉴于新加坡劳动力市场在2021年下半年可能进一步改善,在国内需求的支持下,零售额也应该在未来几个月进一步复苏,”报告称。</blockquote></p><p> UOB said it expects Singapore’s overall unemployment rate to fall 2.6% by the end of the year, down from 2.7% in June, whilst the full-year retail sales outlook is seen to register a growth of 10% for the whole year.</p><p><blockquote>大华银行表示,预计新加坡整体失业率到今年年底将下降2.6%,低于6月份的2.7%,而全年零售额预计将增长10%。</blockquote></p><p> RHB, meanwhile, said they expect “modest improvements” in consumer spending over the next few months, noting that the MoM increase in July retail sales excluding motor vehicles by 2.9% was due to a “huge acceleration in several sub-components.</p><p><blockquote>与此同时,兴业银行表示,他们预计未来几个月消费者支出将“适度改善”,并指出7月份(不包括机动车辆)零售额环比增长2.9%是由于“几个子组成部分的大幅加速”。</blockquote></p><p> “This pace may not be sustainable in the next few months as the reopening of the Singapore economy is at early stages and it is not clear if the current policy framework will in fact work. We err on the side of caution,” it said.</p><p><blockquote>报告称:“这种速度在未来几个月可能无法持续,因为新加坡经济的重新开放还处于早期阶段,目前尚不清楚当前的政策框架是否会真正发挥作用。我们过于谨慎。”</blockquote></p><p></p>","source":"lsy1618986048053","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore retail sales up 0.2% YoY in July<blockquote>新加坡7月零售额同比增长0.2%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore retail sales up 0.2% YoY in July<blockquote>新加坡7月零售额同比增长0.2%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Singapore Business</strong><span class=\"h-time small\">2021-09-07 14:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><i><b>UOB said retail sales will post a 10% full-year growth.</b></i></p><p><blockquote><i><b>大华银行表示,零售额全年将增长10%。</b></i></blockquote></p><p> Retail sales grew by a marginal 0.2% year-on-year (YoY), smaller than the 26% increase recorded in June, with an estimated value of $3.4b, according to the Department of Statistics.</p><p><blockquote>根据统计局的数据,零售额同比小幅增长0.2%,低于6月份26%的增幅,估计价值为$3.4 B。</blockquote></p><p> Retail sales increased at a slower pace in July as physical stores were open in July this year and last year. Physical stores were closed until 18 June 2020 due to the Phase 1 measures.</p><p><blockquote>由于今年和去年7月实体店开业,7月零售额增速放缓。由于第一阶段措施,实体店关闭至2020年6月18日。</blockquote></p><p> Sales in the retail sector grew 0.8% month-on-month (MoM), seasonally adjusted, it said.</p><p><blockquote>报告称,经季节性调整后,零售业销售额环比增长0.8%。</blockquote></p><p> Retail sales value in July, meanwhile, remained to be below pre-COVID levels at $3.4b, 13.9% of which was made up of online retail sales, lower than the 15.4% recorded in June.</p><p><blockquote>与此同时,7月份的零售额仍低于新冠疫情前的水平,为$3.4 B,其中13.9%来自在线零售额,低于6月份的15.4%。</blockquote></p><p> Of the online retail sales, 14% were from the supermarkets and hypermarkets sector, 55.8% were from computer and telecommunications equipment sales, and 29.9% were furniture and household equipment.</p><p><blockquote>在网上零售额中,14%来自超市和大卖场,55.8%来自计算机和电信设备销售,29.9%来自家具和家用设备。</blockquote></p><p> Seven of the 14 retail industries saw an increase in sales in July, with sales from the petrol service stations, and watches and jewellery sectors recording the highest YoY change at 33.5% and 10.4%, respectively, mainly due to higher petrol prices and higher demand for watches.</p><p><blockquote>14个零售业中有7个行业的销售额在7月份有所增长,其中加油站以及手表和珠宝行业的销售额同比变化最高,分别为33.5%和10.4%,主要是由于汽油价格上涨和手表需求增加。</blockquote></p><p> Food and alcohol sales rose 8.1% YoY, supermarkets and hypermarkets increased 4.4%, whilst computer and telecommunications equipment climbed 4.2% YoY. Sales of motor vehicles, department stores, and optical goods and books posted the highest decline year-on-year at 9.8%, 9.2%, and 7.7%, respectively.</p><p><blockquote>食品和酒类销售额同比增长8.1%,超市和大卖场增长4.4%,计算机和电信设备同比增长4.2%。汽车、百货商店、光学用品和书籍的销售额同比跌幅最大,分别为9.8%、9.2%和7.7%。</blockquote></p><p> On a seasonally MoM basis, sales of department stores and wearing apparel and footwear increased 16.2% and 13.7%, respectively, in July 2021 due to promotional sale events, the department said. Motor vehicles, food and alcohol, and optical foods and books, on the other hand, logged the highest dip MoM by 11.4%, 5.5%, and 5.2%, respectively.</p><p><blockquote>该部门表示,在季节性环比基础上,由于促销活动,2021年7月百货商店和服装鞋类的销售额分别增长了16.2%和13.7%。另一方面,机动车辆、食品和酒类、光学食品和书籍的环比跌幅最高,分别为11.4%、5.5%和5.2%。</blockquote></p><p> Excluding motor vehicles, retail sales increased 2% YoY and 2.9% MoM, with a sales value of $2.9b.</p><p><blockquote>不包括机动车辆,零售额同比增长2%,环比增长2.9%,销售额为$2.9 b。</blockquote></p><p> UOB, meanwhile, said that retail sales demand has not recovered to pre-COVID-19 levels, but a gradual reopening of its borders “will certainly help.”</p><p><blockquote>与此同时,大华银行表示,零售需求尚未恢复到COVID-19之前的水平,但逐步重新开放边境“肯定会有所帮助”。</blockquote></p><p> It noted that for the rest of 2021, the low base in the months between August and December in 2020 “will remain a strong factor in supporting a rebound in retail sales growth in the coming months.”</p><p><blockquote>报告指出,在2021年剩余时间里,2020年8月至12月这几个月的低基数“仍将是支持未来几个月零售额增长反弹的有力因素”。</blockquote></p><p> “Note that retail sales had stayed in contraction territories till January 2021. Retail sales should also recover further in the months ahead on the back of domestic demand, given the likelihood for further improvement of Singapore’s labour market in 2H21,” it said.</p><p><blockquote>“请注意,零售额在2021年1月之前一直处于收缩区域。鉴于新加坡劳动力市场在2021年下半年可能进一步改善,在国内需求的支持下,零售额也应该在未来几个月进一步复苏,”报告称。</blockquote></p><p> UOB said it expects Singapore’s overall unemployment rate to fall 2.6% by the end of the year, down from 2.7% in June, whilst the full-year retail sales outlook is seen to register a growth of 10% for the whole year.</p><p><blockquote>大华银行表示,预计新加坡整体失业率到今年年底将下降2.6%,低于6月份的2.7%,而全年零售额预计将增长10%。</blockquote></p><p> RHB, meanwhile, said they expect “modest improvements” in consumer spending over the next few months, noting that the MoM increase in July retail sales excluding motor vehicles by 2.9% was due to a “huge acceleration in several sub-components.</p><p><blockquote>与此同时,兴业银行表示,他们预计未来几个月消费者支出将“适度改善”,并指出7月份(不包括机动车辆)零售额环比增长2.9%是由于“几个子组成部分的大幅加速”。</blockquote></p><p> “This pace may not be sustainable in the next few months as the reopening of the Singapore economy is at early stages and it is not clear if the current policy framework will in fact work. We err on the side of caution,” it said.</p><p><blockquote>报告称:“这种速度在未来几个月可能无法持续,因为新加坡经济的重新开放还处于早期阶段,目前尚不清楚当前的政策框架是否会真正发挥作用。我们过于谨慎。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://sbr.com.sg/economy/in-focus/singapore-retail-sales-02-yoy-in-july-0\">Singapore Business</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://sbr.com.sg/economy/in-focus/singapore-retail-sales-02-yoy-in-july-0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150809394","content_text":"UOB said retail sales will post a 10% full-year growth.\nRetail sales grew by a marginal 0.2% year-on-year (YoY), smaller than the 26% increase recorded in June, with an estimated value of $3.4b, according to the Department of Statistics.\nRetail sales increased at a slower pace in July as physical stores were open in July this year and last year. Physical stores were closed until 18 June 2020 due to the Phase 1 measures.\nSales in the retail sector grew 0.8% month-on-month (MoM), seasonally adjusted, it said.\nRetail sales value in July, meanwhile, remained to be below pre-COVID levels at $3.4b, 13.9% of which was made up of online retail sales, lower than the 15.4% recorded in June.\nOf the online retail sales, 14% were from the supermarkets and hypermarkets sector, 55.8% were from computer and telecommunications equipment sales, and 29.9% were furniture and household equipment.\nSeven of the 14 retail industries saw an increase in sales in July, with sales from the petrol service stations, and watches and jewellery sectors recording the highest YoY change at 33.5% and 10.4%, respectively, mainly due to higher petrol prices and higher demand for watches.\nFood and alcohol sales rose 8.1% YoY, supermarkets and hypermarkets increased 4.4%, whilst computer and telecommunications equipment climbed 4.2% YoY. Sales of motor vehicles, department stores, and optical goods and books posted the highest decline year-on-year at 9.8%, 9.2%, and 7.7%, respectively.\nOn a seasonally MoM basis, sales of department stores and wearing apparel and footwear increased 16.2% and 13.7%, respectively, in July 2021 due to promotional sale events, the department said. Motor vehicles, food and alcohol, and optical foods and books, on the other hand, logged the highest dip MoM by 11.4%, 5.5%, and 5.2%, respectively.\nExcluding motor vehicles, retail sales increased 2% YoY and 2.9% MoM, with a sales value of $2.9b.\nUOB, meanwhile, said that retail sales demand has not recovered to pre-COVID-19 levels, but a gradual reopening of its borders “will certainly help.”\nIt noted that for the rest of 2021, the low base in the months between August and December in 2020 “will remain a strong factor in supporting a rebound in retail sales growth in the coming months.”\n“Note that retail sales had stayed in contraction territories till January 2021. Retail sales should also recover further in the months ahead on the back of domestic demand, given the likelihood for further improvement of Singapore’s labour market in 2H21,” it said.\nUOB said it expects Singapore’s overall unemployment rate to fall 2.6% by the end of the year, down from 2.7% in June, whilst the full-year retail sales outlook is seen to register a growth of 10% for the whole year.\nRHB, meanwhile, said they expect “modest improvements” in consumer spending over the next few months, noting that the MoM increase in July retail sales excluding motor vehicles by 2.9% was due to a “huge acceleration in several sub-components.\n“This pace may not be sustainable in the next few months as the reopening of the Singapore economy is at early stages and it is not clear if the current policy framework will in fact work. We err on the side of caution,” it said.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":false}