There are shorts, and there are short shorts, otherwise known as Daisy Dukes, hot pants or booty shorts. And the shorts Hilary Duff wore to Coldwater Canyon Park in Beverly Hills on Tuesday, well, those shorts could pass for underwear.
Photographers snapped photos of the former Disney star as she and her husband, Mike Comrie, took their 17-month-old son, Luca, to the park’s playground. The 25-year-old kept the sun off her face with a wide-brim hat, but it seems that even she might have had second thoughts about wearing shorts quite so tiny, as the paparazzi caught the “Lizzie McGuire” star pulling them down a few times throughout the day.
The following excerpt is from the Huffington Post!
Courtney Stodden donned a bikini made of lettuce and it wasn’t just for show. It was for a good cause.
Stodden wore the lettuce leaf bikini Wednesday in Los Angeles for a PETA campaign. The 18-year-old filmed a PSA for the animal rights group and flashed a sign reading “Get Fit, Go Veg!” according to E! News.
Later, the teenage dog-owner handed out veggie dogs from Pink’s hot dog stand. The vegetarian, who was joined by her 53-year-old husband, Doug Hutchison, passed out the healthy, no-meat alternatives to pedestrians walking by.
“I am honored to be a spokeswoman for PETA and I love my animals so much,” she said, according to Pacific Coast News, the photo agency that obtained the shots of Stodden in her teeny green bikini. “Also I would like to thank Pink’s for making this veggie dog for us today. Also I love being in the green on such a beautiful day.”
The following excerpt is from Fox News!
PANTEGO, Texas – A swarm of about 30,000 bees has attacked a North Texas couple as they exercised their miniature horses, stinging the animals so many times they died.
The Fort Worth Star-Telegram reports 44-year-old Kristen Beauregard was stung about 200 times and her boyfriend about 50 times.
Beauregard says the swarm chased them down and followed them. She says they were sweeping up piles of bees “like a bad movie.”
She says firefighters sprayed a foam substance to clear the bees, and dragged the horses to a pasture to be treated by police and paramedics.
The following excerpt is from the Huffington Post!
If you’re a new mum who’s having trouble shedding your post baby tummy then you may want to look away from the following snaps of new mum Shakira enjoying a beach break in Hawaii.
The 36-year-old Colombian star might have given birth to her first child in January but she was showing no signs of ever having a mini human growing inside of her – just look at that flat-as-a-pancake stomach!
CBS CEO Les Moonves received $62 million in compensation last year, putting him in the ranks of “media executives [who] earned almost double the pay of Wall Street chiefs whose income drew scrutiny from Congress and activists,” as Bloomberg put it.
His compensation included a $20 million cash bonus for his “successes” as CEO, plus a $7.5 million cash bonus for the creation of “premium content” for CBS. The company did not describe in detail what those successes entailed, in its filing with the SEC:
With respect to Mr. Moonves’ 2012 bonus, the Compensation Committee awarded to Mr. Moonves a total cash bonus amount which reflects a $20,000,000 payment for the successes in his role as President and Chief Executive Officer of the Company and a special cash payment of $7,500,000 for his leadership in connection with the creation of premium content across the Company’s portfolio of businesses, particularly with respect to the CBS Television Network, which outperformed its media peers in 2012.
During 2012, CBS’s revenues improved only modestly, adding $452 million in revenues for a total of $14 billion, a 3% gain. The stock, however, rose 40% to ~$38 during the year.
Moonves’ base salary is just $3.5 million a year. The rest of his compensation comes in the form of cash and stock bonuses. He also received $660,247 in benefits for personal use of CBS’s private jet, the SEC disclosure says.
Moonves actually got poorer in 2012. In 2011, he received $70 million in total compensation.
Here’s the chart:
(VIA. Business Insider)
Sly Stallone has settled a nuclear battle he was having on the homefront … TMZ has learned.
Sly put an end to his $1.4 million lawsuit against contractor Mohamed Hadid, who allegedly had charged top-of-the-line prices for a job that would have been unbecoming in a double wide.
We don’t know how much money changed hands, but sources connected with the case tell TMZ, “Sly was smiling.”
The actor claimed Hadid — who has appeared on “Shahs of Sunset” — charged him a fortune for a high end kitchen island but installed cheap wood veneer/plywood. And the complaints went on and on.
In Sly’s lawsuit, filed by Marty Singer, he blamed Lisa Vanderpump, who gave Hadid a four-star referral.
“You can’t go into Compton to rehabilitate gang members if you haven’t been a Crip.” — Ben Horowitz, co-founder of fast-rising venture outfit Andreessen Horowitz.
Twenty years ago, the typical VC looked like a traditional banker, complete with an MBA and a background in finance. But a Wall Street background is becoming increasingly rare on Sand Hill Rd. The most coveted VCs are people who have built and scaled businesses, and who are deep in a particular domain. Why the shift?
Gang references aside, Horowitz explains that you can’t give founders great advice unless you’ve actually been down that path yourself — a path that is often filled with hardship and struggle.
Horowitz speaks from both sides of the coin. He advises his portfolio with the same teeth that were cut through co-founding enterprise company Opsware, and later selling the business to HP for $1.6 billion. One of his board members, Bill Campbell, brought the same level of operational experience from Intuit, Kodak, and Apple that Horowitz now brings to his companies. Horowitz describes Campbell’s experience-backed advice as “incredibly powerful”.
The advisors and investors you surround yourself with will be the people you rely on when times get tough, he says. When Horowitz had to do his first round of layoffs at Opsware, he turned to Bill for advice. “Being able to talk to him and understand how to do these layoffs in the right way, I didn’t kill my company and people felt like they were treated fairly.” In fact, some of the staffers Horowitz laid off at Opsware now work with him at Andreessen Horowitz.
“Having that kind of advice and support system built into the agreement when being funded is a great opportunity for any entrepreneur,” says Horowitz, whose co-founder at the firm is Marc Andreessen, co-founder of Netscape and Opsware. The firm’s other partners include John O’Farrell (exec at Opsware and Silver Spring Networks), Scott Weiss (co-founder of IronPort), Jeff Jordan (CEO of OpenTable, eBay/PayPal exec), Peter Levine (CEO at XenSource) and Chris Dixon (co-founder of Hunch and SiteAdvisor).
Other firms are also shoring up their operational talent. Peter Barris, managing director of venture firm New Enterprise Associates, entered the VC space in 1992 after leading two companies to massive acquisitions. “I came out of the operating world, and I was the exception not the rule. Now I’m the rule not the exception.”
Barris adds that in the 1990s the typical VC was a generalist in the largest sense, and now VCs are more focused on certain areas of technology. He attributes the current oversupply of VC dollars as one of the reasons why operating expertise is so much in demand right now. “In 1992, dollars were scarce and VCs were distributing to a big demand set. Now there is an oversupply of investment money, and the way VCs are competing is based on value. The operators and VCs who have domain expertise can help startups grow much more than generalists,” he explains.
Foundational Capital’s Paul Holland says that in this era of the discriminating entrepreneur, the founder “doesn’t just want to get money from an investor; he or she wants the investor to be a successful entrepreneur, who’s seen the movie, and will help guide them down that path.”
And it’s not just presence of experience, but the content of that experience. Steve Herrod, the former CTO of enterprise and virtualization giant VMware who just joined General Catalyst says that in his limited experience in the VC world, he’s observed that entrepreneurs are judging investors based on what specific domain expertise they can provide.
Greylock’s John Lilly is a strong example of an operator with domain expertise. Prior to joining the firm in 2011, Lilly served as CEO of Mozilla, founded and ran Reactivity, and was a senior scientist at Apple. “We’re a big believer in operators at VCs, and because we are all product folks by nature, we obsess about how you build big companies,” Lilly tells me. He also predicts that there will be certain VCs you go to for design, certain VCs who attract cloud-based enterprise investments, and specific VCs who are known for products dealing with networking.
Every investor I spoke to believes that we’re headed towards a world where nearly all VCs will have built companies. If that’s true, then can we expect the entire ecosystem to reach a higher level of empathy? Reflecting on his own days as an operator, Horowitz tells me that when entrepreneurs “get one out of five things right in a given day”, it’s hard to talk to an investor who simply doesn’t empathize with the complexities of the role.
In a way, Horowitz explains, the VC world is going back to its roots in the seventies. Sequoia Capital founder Don Valentine previously founded National Semiconductor, and was an executive at Fairchild Semiconductor. Kleiner Perkins Caufield & Byers’ founder Eugene Kleiner was a founder of Fairchild, while Tom Perkins was an early HP executive.
They drew on their operating experience to cultivate and invest in a new generation of entrepreneurs, and now Horowitz, Lilly and others are paying that expertise forward. In a noisy and highly competitive ecosystem, there’s something pure about operators helping operators.
(VIA. Tech Crunch)
(Reuters) – State Street Corp (STT.N) said on Saturday the top executive of its electronic foreign exchange trading business has left the company in a leadership shake-up.
The departure of Clifford Lewis raises questions about the direction of Boston-based State Street’s high-frequency trading platform for forex called Currenex. Lewis was chief executive and chairman of Currenex when State Street agreed in 2007 to buy the company for nearly $600 million in cash.
“Because we have combined teams and solutions that previously resided within other business units, we’ve had to make tough decisions about leadership, and Cliff Lewis left as a result of those decisions,” said State Street spokeswoman Carolyn Cichon. “We are very grateful for the contributions he has made and strong management team that he leaves behind.”
On Friday, State Street said Jeff Conway would oversee a global exchange group that included electronic FX trading, data analytics and derivatives clearing.
Lewis was not mentioned in the reorganization announcement. He did not return messages seeking comment.
Lewis was an executive vice president at State Street and head of the e-Exchange business, which includes Currenex, FXConnect and a range of other trading platforms. The e-Exchange FX businesses averaged over $150 billion in daily volume in 2012, making them one of the largest FX trading platforms in the world. Lewis also managed State Street’s derivatives and bond clearing businesses.
Last year, though, State Street’s revenue from electronic forex trading fell 16 percent to $210 million from $249 million in 2011, according to company financial statements. The company blamed declines in currency volatility and pricing. Total FX trading revenue at State Street fell 25 percent in 2012.
Part of the drop was related to a shift away from non-negotiated FX trades by State Street customers, such as state-run pension funds. On those trades, it has been alleged that State Street had been overcharging customers, an accusation the company has steadfastly denied.
Lewis’ operations did not include non-negotiated trades. Instead, Currenex, for example, focused on sophisticated algorithmic trading, which uses computers to place orders that sometimes are executed within milliseconds.
These high-frequency FX trades are a big area for potential growth at banks. Computer-run algorithms allow hedge funds, for example, to unload large amounts of currencies without tipping their hand. They can also read and interpret news and economic data releases, generating trading orders before the rest of the forex market is fully aware of what is happening.
(Reporting By Tim McLaughlin; editing by Christopher Wilson and Gunna Dickson)