Business Stories You Might Have Missed – Week of April 15, 2013

Top hedge fund manager earns more than $1 Million per hour!

The top 10 hedge funds managers make as much as 196,000 registered nurses or 250,000 entry level teachers. They make 50 to 100 times more than our top athletes, movie stars, CEOs, lawyers, writers, doctors and celebrities. The top hedge manager, David Tepper, earned $1,057,692 an HOUR in 2012 — that’s as much as the average American family makes in 21 years!

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Number of people with dementia to double

Dementia affects a large and growing number of older adults in the United States. The estimated prevalence of dementia among persons older than 70 years of age in the United States in 2010 was 14.7%. The monetary cost of dementia in the United States ranges from $157 billion to $215 billion annually, making the disease more costly to the nation than either heart disease or cancer.Medicare paid approximately $11 billion of this cost. The costs and the number of people with dementia will more than double within 30 years.

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Now get your head out of the gutter. It’s not what you’re thinking. WTF? is the question posed by Brian Solis in his new book, What’s the Future of Business? While previewing his video and Slideshare presentation, I discovered these nuggets:

  • Over 40 percent of the companies that were at the top of the Fortune 500 in 200 were no longer there in 2010.
  • Gen Y will form 75 percent of the work by 2025 and are actively shaping corporate culture and expectations. Only 11 percent define having a lot of money as a definition of success.
  • Only 7 percent of Gen Y work for a Fortune 500 company. Start-ups dominate the workforce for this demographic.

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Finally – I love this quote.

“in the end, complacency is a symptom of mediocrity and mediocrity is the result of a leadership organization that chooses not to lead, but instead, to manager how to be better or more efficient around “what is” and not “what should be” or “what’s next.” Brian Solis



Ira S Wolfe