Gary Allen on Business – Sunday, May 25, 2014 – Podcast Now Available
My program originally broadcast on May 25, 2014 is now available for your listening pleasure. On this program, I spend the opening segment talking about risk and return and the tradeoff that all investors must deal with. In segments two and three I discuss annuities and what you need to be aware of. You might be surprised by some of my comments about these insurance products. My biggest problem with most annuities has to do with the way they are distributed and sold. The sales practices, which in my opinion, are vastly under-regulated leaves people often at the mercy of salespeople.
My prediction for what it is worth, is the slow maturation of this industry that hopefully leads to greater transparency, lower fees and less shenanigans. Ultimately, with so many people looking for lifetime income, it seems logical for insurance companies to sell directly into the marketplace. This could lead to the marginalization of those insurance agents who simply sell products and do little to earn there undisclosed fee. I don’t see any problem with that.
The podcast for my show from Sunday, May 18, 2014 is now available. This program like all of them are broken into four segments.
Segment one is an overview of the titanic battle currently going on over the regulation of the internet by the Federal Communications Commission. At the heart of the matter is the concept of “net neutrality,” which simply means every bit of data is treated equally on the internet. Like in most situations, regulators are trying to play catch-up with the real world of what is happening on the internet. In this battle you have the large companies that dominate the plumbing of the internet in a battle with content providers. Ultimately, the battle will be won via lobbying and litigation (like most things in Washington DC.)
Segment two and three are a review of a recent article by Paul Merriman of Marketwatch entitled, “Beat Warren Buffett at his own game.” It is an interesting article by Merriman that calls into question the track record of Buffett via three questions. In the segment, I spend time expanding on Merriman’s thoughts and how his questions are relevant towards all of Wall Street.
Segment four is just a quick hello and goodbye since the time was so short. You will notice that two of my earlier segments are quite long!
Gary Allen on Business – May 18, 2014 – Broadcast Preview
On the program this weekend a discussion about the future of the internet. The Federal Communications Commission (FCC) this past week proposed its new version of the “net neutrality rules” that might prevent internet providers from blocking or slowing down websites, but would also allow them to make special deals with companies for preferential treatment. In simpler terms, the big telecom providers that control the plumbing of the internet would in theory have to provide a basic speed or service level to everyone, but would be free to cut special deals with companies (think content and service providers) willing to pay for greater speed.
The implications of this kind of rule change are deep and compelling. The proposed regulations would change the very fabric of the internet in favor of large companies with big budgets receiving preferential treatment over smaller or more innovative companies. The net neutrality rules, which in theory are supposed to protect the interests of all parties, could spark a tiered system favoring those who could pay more. That is the concern for opponents of the proposed rules. And there are many opponents of the proposed rules that sometimes make for strange bedfellows.
The proposal has two very powerful industry groups at odds with each other with telecom giants stating they need to charge tech firms more for the faster connections in order to support expansion of hi-speed connectivity to consumers. Meanwhile, Silicon Valley says the new rules will stifle the internet, reduce creativity and economic freedom, while introducing unneeded and uncertainty to a thriving technology marketplace.
Also within the proposal the FCC is seeking comment on the possibility of treating broadband providers as utilities, under Title II of the Communications Act of 1934. The FCC has upset parties on all sides as it tries to write regulations that many are saying are not needed. This weekend on the program, I will spend some time discussing this subject.
All that and much more on Gary Allen on Business on Sunday, May 18, 2014 at 8 AM on KNBR 680 AM.
The podcast of my show this past weekend featuring Vineet Jain, the CEO and co-founder of Egnyte is now available for your listening pleasure. This program features an interesting interview with Vineet who is an experienced entrepreneur and corporate executive. The interview provides an in depth look at the file sharing industry along with a deep dive into Egnyte. It was a pleasure to interview Vineet because he is willing to provide candid answers on a wide variety of subjects. That is very refreshing in this world of pat answers.
For more information on Egnyte, their website is located at www.egnyte.com
The World of Sharing and Securing Enterprise Data, Special Guest in Studio, Vineet Jain, co-founder CEO of Egnyte
Technology and the global economy has provided many advantages to employers and employees alike. One example, is the increasing use of remote or mobile workers who are not tied to a company specific worksite. In order for these “remote” workers to function, they need access to company data/files no matter where they might be. Included in that remote access is the worker’s desire or ability to tap into company resources from any device. Add on top of that, the desire to share information with suppliers, customers and other interested third parties.
While the remote workforce allows companies to expand their footprint beyond the borders of their physical facilities, it does create an IT nightmare. The familiar struggle between worker productivity and IT’s requirement for locking down and controlling access to corporate data has become the catalyst for a rapidly growing industry to deliver file-sharing and storage on an enterprise basis.
Anytime, anywhere but secure access of electronic corporate data is one of the biggest challenges that entities of all sizes face. Switching to the cloud sounds easy, but it may not be possible due to regulatory concerns or even practical if a company has a large investment in their own servers. Ultimately, the proper storage and efficient distribution of electronic company resources represents a puzzle that all companies are trying to solve.
To help us understand this industry and how it impacts the world of business our special studio guest this weekend is Mr. Vineet Jain, the co-founder and CEO of Egnyte. Prior to Egnyte, Vineet founded and successfully built Valdero, a supply chain software solution provider, funded by KPCB, MDV and Trinity Ventures. He has held a rich variety of senior operational positions at companies like KPMG, Bechtel, etc. in the past. He has 20 years of experience in building capital-efficient and nimble organizations. Vineet earned a BS in Engineering from Delhi College of Engineering and received an MBA from Santa Clara University. Vineet will provide us with his insight into this fascinating industry. We hope you can join the conversation this Sunday on Gary Allen on Business on KNBR 680 at 8 AM.