“The shift to long-term investment is not just possible, not just essential, but profitable,” he said.“However, making the shift requires both novel thinking and daring action.”Lars Dijkstra, CIO at KCM, added: “As a long-term, engaged shareholder, Kempen would like to contribute by giving that last little push needed to bring about a shift in the financial sector.”Dominic Barton, global managing director at McKinsey & Company and a member of the editorial board, called for a shift away from “quarterly capitalism”.“This shift is not just about persistently thinking and acting with a next-generation view, although that’s a key part of it,” he said.“It’s about rewiring the fundamental ways we govern, manage and lead corporations. It’s also about changing how we view a business’s value and its role in society.”McKinsey is also involved in the Focusing Capital on The Long-Term (FCLT) initiative, a group of some of the world’s largest pension investors wishing to bring about a change in behaviour.The FCLT was behind the recent design and launch of a long-term equity index by S&P, supported by Denmark’s ATP and several large Canadian pension investors.,WebsitesWe are not responsible for the content of external sitesLink to ‘Shift To’ Kempen Capital Management (KCM) is to work with the Dutch pensions industry to raise awareness of long-term investment matters, launching a website to educate the sector.The site, Shift To, hopes to educate all those involved in pension investment about the need for greater focus on the long term, Kempen said in a statement.The venture will be supported by a thirteen-strong editorial board, including Dutch academic Lieke van der Lecq of the Free University Amsterdam and Keith Ambachtsheer of the Rotman School of Management, as well as union and pension fund representatives.Ambachtsheer cited the importance of the pensions industry shifting to a more long-term view.
NOTE: This article was written prior to the announcement of Bryan Price as manager of the Reds.There has been a lot of speculation on who the next Reds’ manager will be. I did not think they would stay with anybody from Dusty’s staff. However, the pitching coach (Price) is now being mentioned. There was a lackluster finish to the season, and I am sure the holdovers from that staff will be faced with the stigma of how the Reds finished this year. Two names that are now being bantered about are the above-named Price and Jim Wriggleman, a former manager of several National League teams. Earlier David Bell and Matt Williams were mentioned, but both of these come from the PED (performance enhancing drugs) era, and the Reds seldom like anything dealing with controversy. The Reds will probably do like almost every other baseball team does–recycle a manager now out of work. The Cubs ex-manager might also be another possibility, but his record with the Cubs was less than stellar. No matter who gets the job there will be work to do because the Reds seem to be leaning toward trading Brandon Phillips and have a dilemma if Choo does not resign. Matt Latos just had surgery on his elbow and Cueto has not pitched a full season for three years. One person I would like to see as manager is their bench coach, Chris Speier; but he might have been too close to Dusty Baker to receive any consideration. One thing is for sure, they need to act quickly because there is a lot of work that needs to be done over the winter.
GREENSBURG, Ind. — A Laurel man has been arrested on multiple drug-related charges in Decatur County.According to police, Tyler Barton, 23, was arrested on the charges of Possession of Marijuana and Criminal Mischief.Court documents show that Barton has also previously been convicted in Franklin County for Possession of Marijuana.Officers were called to a residence in Greensburg regarding a broken glass door.When officers arrived they found BBs and glass panels inside the residence.Officers met Barton in a neighboring apartment, where he told officers he didn’t know about the situation in the next apartment.He later admitted to shooting a window.A search turned up a glass pipe and a baggie with marijuana.
USC and United Airlines have agreed to a new naming rights deal for the Coliseum, after facing some backlash regarding the original name change. USC and United had initially struck an agreement in May 2017 to rename the stadium United Airlines Memorial Coliseum. The 16-year deal provided USC over $69 million to use toward the Coliseum’s renovation, part of a $315 million undertaking. Although United officials initially said that the company would be willing to step away from the agreement if USC did not agree to the original name change, the company said it has much to gain from taking on such a prominent role in the Los Angeles community. “USC is honored to be the caretaker of this Los Angeles treasure and, together with United, we are ensuring the Coliseum’s future as a world-class venue,” Austin said in a statement. “The naming of the field is a significant step in USC’s efforts to usher in a modern era for this historic landmark and preserve its legacy.” Shortly after the original naming rights deal was agreed upon, veterans groups protested that changing the name of the stadium would dilute its identity as a memorial to World War I veterans. Neither USC nor United have released the financial details of the new agreement, which was shortened to 10 years instead of the original 16. Under the revised deal, USC and United said they will support the stadium’s commitment to honor local veterans by supporting veterans who attend USC and erecting a new memorial at the Coliseum to honor veterans. Hahn also pointed out the numerous historical events that the Coliseum has hosted — including the 1932 and 1984 summer Olympics and a visit from Nelson Mandela — to emphasize the idea that the Coliseum serves just as much as a war memorial as it does a sports stadium. The two parties came to a 10-year deal that will result in a new name for just the field, instead of the entire stadium. The field will now be called the United Airlines Field at Los Angeles Memorial Coliseum starting August. “I think there are certain things that we shouldn’t sell,” said Janice Hahn, president of the Los Angeles Memorial Coliseum Commission, who sided with the veterans back in March. “The Los Angeles Memorial Coliseum was built in an effort to honor those men who were from Los Angeles that marched off in World War I and never came back.” Interim president Wanda M. Austin agreed with Hahn’s perspective that the benefits of the deal extend far beyond the Coliseum’s renovation. Photo from USC News “With so many employees, many of whom are proud veterans themselves, and customers that travel to or call [Los Angeles] home, this sponsorship is a meaningful way to underscore our commitment to California,” said Janet Lamkin, president of California for United Airlines, in a statement. “We always want to do what is best for the communities in which we operate — and in this case, reaching an agreement which upholds the name of such a respected venue while modernizing it for the benefit of future generations was the right thing to do.” “I am pleased that USC and United have come together in a way that will honor the memories of veterans who served in World War I and our broader community of veterans,” Hahn said in a statement. “This agreement ensures that United Airlines remains an important corporate sponsor of the Coliseum renovation project and that the legacy of the Coliseum remains. I am proud that we are moving forward with a shared commitment to veterans.” The introduction of the field’s new name will coincide with USC’s first football game on Aug. 31 against Fresno State at the Coliseum.