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| September 20, 2018

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Tesla Shares Slide After More Executives Leave, Musk Interview

September 8, 2018 |

Tesla’s share price approached its 2018 low after the electric-car maker lost more executives and Chief Executive Elon Musk was seen appearing to smoke marijuana during an interview.
WSJ.com: What’s News Asia

Tesla Shares Slide After More Executives Leave, Musk Interview

September 7, 2018 |

Tesla’s share price approached its 2018 low after the electric-car maker lost more executives and Chief Executive Elon Musk was seen appearing to smoke marijuana during an interview.
WSJ.com: US Business

Tesla erupts in chaos after senior executives leave and Elon Musk tokes up

September 7, 2018 |

The turmoil at Tesla Inc. reached a fever pitch Friday, as news emerged that two senior executives will leave Elon Musk’s electric-car maker a matter of hours after he smoked marijuana during an hours-long interview with a comedian.

Chief Accounting Officer Dave Morton gave notice Tuesday that…


L.A. Times – Business

44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey Finds

August 19, 2018 |

44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey Finds

New indicators point to corporate executives starting to wisen up to the notion that so-called blockchain technology is some kind of cure-all drug for their industries that they can just extract from Bitcoin and drop the cryptocurrency behind. The latest example of this is a recent survey by Deloitte, showing that 44% of American executives think “blockchain is overhyped”.

Also Read: 90% of Corporate “Blockchain” Pilots Will Never Materialize

“Blockchain Fatigue” Is Setting In

44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey FindsAccounting giant Deloitte has conducted an international survey of over 1,000 “blockchain-savvy” executives from seven countries, including the US, Canada, Mexico, UK, France, Germany and China. The data shows that 39% of respondents around the world believe blockchain is “overhyped.” And in the US this figure is even higher, with 44% see blockchain as overhyped, up from 34% in 2016. The main problem is that despite the constant babble about blockchain, there are actually very few active use cases. As a result, Deloitte says “blockchain fatigue” is beginning to set in among those who feel “its potential has been over-communicated, while its real-world benefits remain elusive.”

The analysis explains that established firms face a host of legacy concerns while trying to make blockchain fit into an already existing business model that may or may not benefit from it. Respondents also see a variety of obstacles moving forward, with a third saying current return on investment remains “uncertain.” And only 34% say their company has initiated deployment in any way.

Shift Towards Pragmatism

44% of American Executives Think “Blockchain Is Overhyped”, Deloitte Survey FindsTrying to put a positive spin on the results, Deloitte analysts wrote that: “On their own, these numbers seem to indicate that blockchain is moving in the wrong direction. However, we believe this change in attitude is more reflective of the shift toward the pragmatists in the blockchain community.” They added that: “Based on our experience with the emerging disruptors, we believe blockchain adoption is far more advanced in the United States than the Deloitte global survey indicates.” However, it’s important to remember that their 2016 report also overestimated the pace at which blockchain production will materialize compared to what really happened so far.

The analysis notes that there is a significant number of skeptics who view blockchain as the overhyped engine behind a volatile and unregulated financial market. The writers try to put part of the blame for this on cryptocurrency traders, who supposedly “have helped to bring mainstream notoriety to blockchain,” among the general public. Still, there are signs the hype is not yet over. For example, nearly 40% of executives reported that their firms will invest $ 5 million or more in blockchain technology in 2019.

Does the idea of corporate “blockchains” make sense to you? Share your thoughts in the comments section below.


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Defunct for-profit college firm ITT’s former executives settle fraud charges

July 11, 2018 |

Former top executives at ITT Educational Services, the parent company of defunct ITT Technical Institute, have settled fraud charges with the Securities and Exchange Commission, avoiding a trial that was slated to begin Monday.

A judgment order entered Friday puts to rest civil fraud charges filed…


L.A. Times – Business

Qualcomm executives to receive cash severances if company goes through change of control

May 29, 2018 |

Qualcomm Inc.’s top executives will be eligible to receive cash severances if they’re fired after a change in control of the firm, reversing a long-standing policy of not providing such payments for senior managers.

The policy mirrors the severance plan the San Diego-based chipmaker adopted in…


L.A. Times – Business

Tesla Executives Step Away, Adding to Auto Maker’s Challenges

May 14, 2018 |

Tesla Inc. will be without two important executives just as the electric-car maker struggles to boost production of its first mass-market vehicle and faces doubts about its ability to raise cash.
WSJ.com: US Business

Wells Fargo executives score big raises despite the bank’s continued problems

March 15, 2018 |

Wells Fargo & Co. gave multimillion-dollar raises to some top executives in 2017, a year that saw the San Francisco bank continue to deal with the fallout from its unauthorized accounts scandal, ultimately leading to additional strict sanctions from federal regulators.

Chief Executive Timothy Sloan’s…


L.A. Times – Business

Trump Tariffs May Threaten U.S. Auto Jobs, European Executives Warn

March 12, 2018 |

Europe’s automotive chiefs are warning that if President Trump imposes prohibitive duties on imports, they could be forced to curb investment in their U.S. factories, threatening American jobs.
WSJ.com: US Business