Marching to the Beats Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Marching to the Beats
In business it is essential to listen to your customers. What they want, what they complain about, what they tell you through their buying behaviors. Apple, Inc. is taking this one step further, by listening to what its customers are listening to.
Apple announced this week that it will acquire Beats Electronics LLC for $3 billion. The sale of the headphone and music streaming company is a bonanza for rapper Dr. Dre (Andre to his mother) and music producer Jimmy Iovine (a household name since becoming a mentor on American Idol), who co-founded it.
May Fest: MicroCap and Memorial Day Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
May Fest: MicroCap and Memorial Day
Next Thursday, May 29th, is the 3rd Annual Marcum MicroCap Conference, which will again take place at the Grand Hyatt Hotel in New York City. In just three years, our conference has become one of Marcum's signature tent pole events and the preeminent venue for matching up microcap companies (generally, public companies with a market capitalization of $500M or less) with potential investors.
With less than a week to go, this year's event already promises to be the best yet. We have a record 130 presenting companies and expect close to 2,000 attendees. During the course of the conference, presenting companies will not only be able to make their cases before a group of prequalified, potential investors, but will also have the opportunity to meet one-on-one with investors who have expressed interest in talking privately with their management teams.
The New Rules of Engagement Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
The New Rules of Engagement
When we grew up, we were taught simple, basic rules for safety. Don't talk to strangers. Don't take your money out in public. Look both ways before crossing the street. Don't take candy from strangers.
In light of the continuing series of data breaches at large and otherwise successful and seemingly very secure companies, we need to be teaching younger professionals as well as ourselves a similar set of basic safety rules for corporate IT security. Just ask Beth Jacob, who used to be the head of technology at Target, until she resigned in March after a major data breach of customers' credit card numbers. Or AOL, whose subscribers suffered a massive spam surge after its internal network was penetrated. Or Heather Bearfield, National Leader of Marcum's Technology Assurance Services Practice group, who advises our clients about their potential security vulnerabilities.
Loved, Admired, Honored - Happy Mother's Day Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Loved, Admired, Honored - Happy Mother's Day
For this week's posting, I was stuck trying to figure out what to write about. Should it be V. Stiviano's Barbara Walters interview, claiming remorse for throwing her boyfriend/boss, Donald Sterling, under the proverbial bus? Or should it be Monica Lewinsky, blaming her last 20 years of misery on the Clintons?
But then I remembered that it's Mother's Day on Sunday, and I thought about the column I wrote last year at this time. Mother's Day is always somewhat nostalgic for me. At Marcum we are just coming off the stresses of Busy Season and still unwinding from the annual pressures of working around the clock and being in the office more than we are at home. So Mother's Day is an especially poignant time of year. It's a reminder of what is most important in life - family.
Silver's Golden Play on Sterling Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Silver's Golden Play on Sterling
National Basketball Commissioner Adam Silver may just be the latest inductee to the Jeffrey Weiner Business Hall of Fame. At a minimum, he is my candidate for the first annual How to Do It Right Award. Silver's swift and decisive action banning Clippers owner Donald Sterling from the sport for life and slapping him with a $2.5 million fine – the maximum permitted by the NBA constitution – sets an example for crisis management if I've ever seen one. And Silver's not done yet. His effort to force the sale of the team is another strategic move to preserve the dignity and decorum of professional basketball.
Silver wasted not a minute in using the full force of his office to respond to Sterling's stark and repugnant racist remarks, which were first revealed on TMZ. And it's a good thing, for more than one reason. The incident nearly stopped the NBA playoffs in their tracks, with players across the League threatening a boycott if aggressive, corrective action were not taken. The Warriors were set to walk out of Game 5 in the first-round playoff series in Los Angeles, but fortunately, that didn't become necessary. Silver pushed Sterling out instead.