Business News

Review: Burn Book – A Tech Love Story

From award-winning journalist Kara Swisher comes a witty, scathing, but fair accounting of the tech industry and its founders who wanted to change the world but broke it instead. Part memoir, part history, Burn Book is a necessary chronicle of tech’s most powerful players. This is the inside story about modern Silicon Valley and the biggest boom in wealth creation in the history of the world. When tech titans crowed that they would “move fast and break things,” Kara Swisher was moving faster and breaking news. While covering the explosion of the digital sector in the early 1990s, she developed a long track record of digging up and reporting the facts about this new world order. Her consistent scoops drove one CEO to accuse her of “listening in the heating ducts” and prompted Facebook’s Sheryl Sandberg to once observe: “It is a constant joke in the Valley when people write memos for them to say, ‘I hope Kara never sees this.” While still in college, Swisher got her start at The Washington Post, where she became one of the few people in journalism interested in covering the nascent Internet. She went on to work for The Wall Street Journal, joining with Walt Mossberg to start the groundbreaking D: All Things Digital conference, as well as pioneering tech news sites. Swisher has interviewed everyone who matters in tech over three decades, right when they presided over an explosion of world-changing innovation that has both helped and hurt our world. Steve Jobs, Jeff Bezos, Elon Musk, Bill Gates, Sheryl Sandberg, Bob Iger, Larry Page and Sergey Brin, Meg Whitman, Peter Thiel, Sam Altman, and Mark Zuckerberg are just a few whom Swisher made sweat—figuratively and, in Zuckerberg’s case, literally. Despite the damage she chronicles, Swisher remains optimistic about tech’s potential to help solve problems and not just create them. […]

International Womens Day Profile: Mollie Eckersley, Head of Operations at BrightHR ANZ

What is your role at BrightHR and what does it involve? I’m the Head of Operations at BrightHR ANZ, where I am responsible for improving usage, uplifting engagement, and ultimately, looking at ways to continuously improve our software and service. It’s a dynamic and exciting role that includes a lot of problem-solving. BrightHR operates globally, which means I’m often collaborating with teams in the UK, Ireland, and Canada as we work together to support SMEs around the world. Why have you chosen this career path? I love problem-solving and I thrive when I’m multi-tasking; every career decision I’ve made so far has been driven by these two factors. What has been the highlight of your career and why? Moving to Australia from the UK was a major turning point in my career that has led to bigger and better things for me. It’s opened so many doors, despite how scary it was to leave behind everyone and everything I knew. Even though it’s been a few years, I often reflect on a lesson it has taught me – pushing myself out of my comfort zone pays off. What has been the greatest challenge in your career, and how did you overcome it? Public speaking is a huge challenge for me, and I still dread it to this day. Like a lot of people, I’m quite shy—especially around new people—so standing up and speaking to any group, no matter how big or small, is nerve-wracking. I’m gradually overcoming my fear by refusing to shy away from it. I try to throw myself in the deep end and find that the more I do it, the easier it becomes. I’ve made it a habit to keep putting myself out there no matter how uncomfortable it seems at the outset. What drives […]

International Womens Day: Amy Read, Singapore, Serial Entrepreneur

What is your role at Sabre and what does it involve? My role at Sabre Hospitality is to set the innovation strategy for future product roll outs. To keep up to date with the latest market changes, innovations, and technologies including AI. I also look at innovative ways we can solve for current gaps in the market. Career highlights to date? Setting up my own business, Techsembly, which was an eCommerce platform for hospitality. One of my biggest highlights was managing to secure VC funding and managing a successful exit by selling the business to Sabre in June last year. What has been the greatest challenge in your career, and how did you overcome it? Raising funds for my startup and getting VCs/investors to invest/believe in me. This was no easy task, especially being a women founder in Asia. It’s not easy when ‘alleged experts’ say no to you, you start to doubt yourself, but you have to remain resilient, believe in yourself and prove them wrong. What is your momentum? I love learning and the excitement of building new things, from idea formation to launch, whilst delivering meaningful results. Role model? Sara Blakely, the founder of Spanx. Why? She is an inspiring women founder, who saw a gap in the market and went about solving for it. Despite all of the initial negative feedback and criticism in a market no one wanted to invest in, she persevered. She is open and honest about her journey, and I admire her courage to tell her story her way and inspire others. Women in executive positions – hard to find your niche? My advice would be to become a specialist, focus on something you believe in, find a gap and do everything you can to fill it. But most importantly, enjoy and […]

International Women’s Day Profile: Janine Grainger, Co-Founder and CEO, Easy Crypto

Janine is a kiwi-born entrepreneur and a highly respected Leader in tech. She’s the Co-Founder and CEO of Easy Crypto, New Zealand’s leading cryptocurrency trading platform. Janine and her brother, Alan, established Easy Crypto in 2017 to offer a secure, simple and easy-to-understand way for everyone to get involved in the cryptocurrency market. Just four years after launching, Easy Crypto transacted over two billion dollars and supports over 250,000 users across NZ, Australia and South Africa. She also set a new record for a first funding round in NZ in 2021, raising $17M NZD. Janine is very highly regarded in the NZ fintech sector, driving collaboration between the industry, central government, and traditional finance. She sits on a number of government advisory and working groups, including the Digital Trust Working Group formed in 2023 to advise APEC and was invited to join the V20 virtual asset summit, convened as part of the 2022 G20. She sits on the Executive Council for FinTechNZ, features in a Docuseries for TVNZ, has been recognised as a University of Auckland Top 40 under 40, a Women of Web3 Top 10 Changemaker, is the Blockchain NZ Stand-Out Individual & Entrepreneur of the year and was the winner of the 2023 IBM Hi-Tech Awards for Inspiring Individual. Background story Under her leadership, Easy Crypto has become New Zealand’s leading cryptocurrency trading platform, making big waves in just four years. Janine’s journey is as unique as it is inspiring – from leaving school early to pursue her ambitions, to starting a business from a hammock in Bali. Easy Crypto was started from a hammock in Bali! “Having left school at 15 – I was ambitious and impatient to learn more than the lessons a traditional schoolroom provides and my pathway into tech and crypto has been anything […]

International Women’s Day Profile: Keren Cook, NatureBee CEO

Could you share with us a bit about what your role entails at NatureBee? As CEO, I steer NatureBee’s vision toward innovative natural health solutions, manage our dedicated team, and engage in strategic decisions, from product development to market expansion. It’s a role that keeps me on my toes! How is NatureBee progressing? Despite global economic headwinds we’ve managed not only to stay afloat but grow. We’re making a conscious pivot to enhance logistics, specifically designed to underpin further expansion into key markets like Australia and the United States. This has been possible due to an intimate understanding of our customer base and an unwavering commitment to natural, quality health products. New products, exciting times? Definitely exciting times! We are launching PowerBee, a pollen-fuelled health shake, which reflects our commitment to innovation. It’s the culmination of rigorous scientific testing, product development, and natural goodness – and over two years of R&D perfecting the recipe, working closely with a human immunologist (PhD) refining logistics, and aligning our branding to ensure it’s just right. As someone passionate about wellness, for me this product is a perfect example of how we harness nature for balanced nutrition. We know that the fitness community well understands the benefits of PowerBee, particularly in the realms of both energy and recovery, but we also want to reach those who would benefit from a high-quality nutritional solution, while on the go. What challenges does your job present to you? Every day is different. The current economic climate demands strategic manoeuvring to maintain sales growth and market position. Keeping up with the rapid pace of e-commerce’s ever-shifting landscape poses its own challenges, as does managing an international brand from our Kiwi roots. What developments keep you awake at night? The potential of what’s next for NatureBee and ensuring we […]

Series a mismatch of events put together quickly

Remember a couple of years ago, the ABC released a series on the Murdoch dynasty? Are you currently watching Nemesis, another ABC series, this time on political leaders from 2014 in Australia? The compilation of both is similar; bits and pieces, reflections from foes and friends that, overall, don’t do a whole lot when some notable events were taking place in Australian history. This may have been the best way to explain the key events over the past nine years but the series, Nemeses, so far shows little to inspire the would- be politician or prime minister of the future. Overall, production and presentation are lazy. Watching Turnbull’s facial expressions and Morrison’s nonchalant answers to questions is so boring and the dishonesty is like a haze in the room. The two episodes so far, show the attitudes and self-importance of Turnbull, Morrison and Abbott in blazing glory and how prevalent the old boys club has been in keeping them front and centre. Ironically, it can make the viewer ponder if politics are that big a deal anyway, seeing the events that occur have extraordinarily little reality to their quality of life. Nemeses isn’t the explaining of the big dreams, mountaintops reached and vision for a wonderful future. It doesn’t sell the life of political involvement as particularly worthy, nor does it allow the possibility that a future prime minister is sitting on the back bench, waiting. The ABC needs to be braver.

The Road to Freedom: Economics and the Good Society

A major reappraisal, by Joseph Stiglitz, the Nobel-prizewinning economist, of the relationship between capitalism and freedom. Despite its manifest failures, the narrative of neoliberalism retains its grip on the public mind and the policies of governments all over the world. By this narrative, less regulation and more ‘animal spirits’ capitalism produces not only greater prosperity, but more freedom for individuals in society – and is therefore morally better. But, in The Road to Freedom Stiglitz asks, whose freedom are we – should we be – thinking about? What happens when one person’s freedom comes at the expense of another’s? Should the freedoms of corporations be allowed to impinge upon those of individuals in the ways they now do? Taking on giants of neoliberalism such as Hayek and Friedman and examining how public opinion is formed, Stiglitz reclaims the language of freedom from the right to show that far from ‘free’ – unregulated – markets promoting growth and enterprise, they in fact reduce it, lessening economic opportunities for majorities and siphoning wealth from the many to the few – both individuals and countries. He shows how neoliberal economics and its implied moral system have impacted our legal and social freedoms in surprising ways, from property and intellectual rights, to education and social media. Stiglitz’s eye, as always, is on how we might create the true human flourishing which should be the great aim of our economic and social system, and offers an alternative to that prevailing today. The Road to Freedom offers a powerful re-evaluation of democracy, economics and what constitutes a good society—and provides a roadmap of how we might achieve it.

Turn the Ship Around

“Leadership should mean giving control rather than taking control and creating leaders rather than forging followers.” David Marquet, an experienced Navy officer, was used to giving orders. As newly appointed captain of the USS Santa Fe, a nuclear-powered submarine, he was responsible for more than a hundred sailors, deep in the sea. In this high-stress environment, where there is no margin for error, it was crucial his men did their job and did it well. But the ship was dogged by poor morale, poor performance, and the worst retention in the fleet. Marquet acted like any other captain until, one day, he unknowingly gave an impossible order, and his crew tried to follow it anyway. When he asked why the order wasn’t challenged, the answer was “Because you told me to.” Marquet realised he was leading in a culture of followers, and they were all in danger unless they fundamentally changed the way they did things. That’s when Marquet took matters into his own hands and pushed for leadership at every level. Turn the Ship Around! is the true story of how the Santa Fe skyrocketed from worst to first in the fleet by challenging the U.S. Navy’s traditional leader-follower approach. Struggling against his own instincts to take control, he instead achieved the vastly more powerful model of giving control. Before long, each member of Marquet’s crew became a leader and assumed responsibility for everything he did, from clerical tasks to crucial combat decisions. The crew became fully engaged, contributing their full intellectual capacity every day, and the Santa Fe started winning awards and promoting a highly disproportionate number of officers to submarine command. No matter your business or position, you can apply Marquet’s radical guidelines to turn your own ship around. The payoff: A workplace where everyone around you is taking responsibility for their actions, where […]

How to Buy an Island

How to Buy an Island is the definitive account of the Barclay brothers, charting their incredible journey to power and fortune. Author Jane Martinson unravels previously-buried stories from the brothers’ six-decade long reign at the peak of British business: from their close association with Margaret Thatcher and the massive wealth they garnered from it; to their audacious and controversial acquisition of The Telegraph newspaper; to the scandalous inside story of their public fallout, a dispute mired in succession, betrayal, espionage and inheritance which ultimately left the family split in two. But this is not just a biography of two of Britain’s strangest billionaires. This is the story of a world that would become Brexit Britain, with its tightly enmeshed webs of influence between capitalism, politics and the media. The lives of the brothers reveal much about post-war Britain and a new, ruthless way of doing business which has proved remarkably resilient – they built their wealth in the UK, but retained it by siphoning the profits from their network of private companies to offshore entities in a purposefully complicated corporate web. How To Buy An Island is an examination of politics, corruption, deception, power and money over the last 70 years of British history – not just the story of two impoverished children-turned-billionaire-knights-of-the-empire, but a story of humanity, its limitations and, ultimately, its power to change the world.

Going Infinite: The Rise and Fall of a New Tycoon

by Michael Lewis From the author of The Big Short and MoneyBall comes the story of FTX’s spectacular collapse and the enigmatic founder at its centre. When Michael Lewis first met him, Sam Bankman-Fried was the world’s youngest billionaire and crypto’s Gatsby. CEOs, celebrities and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side? In Going Infinite, Michael Lewis sets out to answer this question, taking readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy and the justice system. Both psychological portrait and financial roller-coaster ride, Going Infinite is Michael Lewis at the top of his game, tracing the mind-bending trajectory of a character who never liked the rules and was allowed to live by his own — until it all came undone. And just like Elizabeth Holmes of Theranos, it was all a bit too good to be true.

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