Tuesday 10.10.17

"The more relaxed you are, the better you are at everything: the better you are with your loved ones, the better you are with your enemies, the better you are at your job, the better you are with yourself.
Bill Murray 

AIG Says the Hurricane Season Will Cost It $3 Billion  AIG estimated losses of about $1 billion each from Harvey and Irma, up to $700 million from Maria and additional catastrophe losses, including earthquakes in Mexico, of about $150 million. - Fortune

Wal-Mart Wants to Break Into the Ivy League Recruiting Circuit The biggest U.S. retailer is pitching Ivy Leaguers to come work for Wal-Mart. CEO Doug McMillon promised investors last year that Wal-Mart would “look even more like a tech company” to counter the growing threat of Amazon.com Inc. “We know we have to change,” he said. - Bloomberg

ESPN’s Jemele Hill has been suspended for tweeting that fans should boycott NFL advertisers  ESPN has suspended journalist and TV personality Jemele Hill for suggesting on Twitter that NFL fans should boycott some of the league’s advertisers, responding Monday to comments made by Cowboys owner Jerry Jones, who threatened to bench any player who “disrespects” the American flag. - Recode

Airbnb’s major China rival Tujia raises $300M more at a $1.5B valuation  Airbnb finally got serious about the Chinese market this year, and now its chief rival in the country — Tujia — has tapped investors for $300 million more to sharpen its focus on global markets. The new funding values Tujia at $1.5 billion, the startup confirmed. - Tech Crunch

California Fires Kill at Least 10 and Destroys 1,500 Buildings  Fast-moving wildfires raged across Northern California on Monday, killing at least 10 people, sending well over 100 to hospitals, forcing up to 20,000 to evacuate and destroying more than 1,500 buildings in one of the most destructive fire emergencies in the state’s history. - New York Times

General Electric: After Ousters, a Dividend Cut?  General Electric tumbled nearly 4% yesterday en route to its lowest level since August 2015, as investors were rattled by a management shakeup that included the exit of the CFO and two other top executives and and now is also likely to cut its dividend. - Barrons

Critics blast Facebook's Zuckerberg for 'magical' virtual reality tour of Puerto Rico devastation  Facebook CEO Mark Zuckerberg was called a "heartless billionaire" and accused of "exploiting disaster" by online users after live-streaming a virtual reality cartoon avatar of himself in hurricane-hit Puerto Rico. - CNBC

  Eight VC's Discuss How and Why They Assess Founder's Emotional Intelligence

“A leader with strong EQ can hire people to complement their skill set and cover for areas where they are weak. However, someone low in EQ will never be able to attract, retain, and motivate high performers–and therefore will have huge difficulties in scaling a company.”
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