“Be the change you want to see in the world.” – Mahatma Gandhi
Author: meattle
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Strategies for operating in this liquidity crisis
From Ratan Tata‘s letter to all Tata companies (dated: Nov 6 2008):
Under the circumstances I consider it essential that each of our companies should consider:
- the conservation of cash to the maximum extent possible
- draw down all loans / lines of credit from banks and institutions to the maximum extent possible
- expeditiously finalise pending load and funding agreements, even if they involve accepting higher rates of interest
Companies should also take finite steps to:
- improve operational efficiency
- aggressively implement restructuring of internal cost framework
- drastically reduce operating expenditure
- defer non-essential capital expenditure and capacity expansion
- put on hold any plans for acquisitions unless considered strategically critical
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What does Lookery do?
The other day a friend asked me to describe what Lookery does. Given all the recent news coming out of Lookery, and us re-focusing ourselves on what we believe our biggest opportunities are and on what we do best, I thought it would be a good idea to post my (long) one line description right here:
Lookery is aggregating anonymous self-reported user data from a large network of trusted data contributors like social networks, dating, and e-commerce sites, and making it readily accessible to any advertiser, ad network, or publisher to target their message or content in real-time anywhere on the web and to learn more about their own audience.
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The real work starts now.
Barack Obama, you’ve done it. now please go make the most of this opportunity, and privilege. here’s to the next great chapter in our planet’s history, and a better and hopeful future.