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Yashica Vashishtha

Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.

Herb Kelleher : The Founder & Former CEO of Southwest Airlines

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An aspiring journalist, who eventually became a lawyer and then a successful entrepreneur- Herb Kelleher, also wanted to live the lavish life that he had been seeing people living in his surrounding, and with the help of the right business plan and with the help of right people, he not only started one of the best airlines of America but also became one of the best CEOs of the country. Under his leadership, the airlines not only became the most preferred one by the consumers but was also voted Fortune magazine’s Best Place to Work in America

Early Life

Kelleher was born on 12 March 1931, to Harry Kelleher and Ruth Moore, in Camden, New Jersey. His father worked as the general manager at the Campbell’s Soup factory. He used to work at the same factory after school and also in the summer breaks, as a part-timer. He completed his high school education from Haddon Heights High School. He was a bright student and was also active in sports. He was in the Football team of the school and was a letterman in basketball and track. Later, he joined the Wesleyan University, to pursue a bachelor’s degree in English and Philosophy, in 1953. He was a member of Delta Kappa Epsilon fraternity at the university. Influenced by a Wesleyan trustee, he then went to study law at New York University as a Root-Tilden Scholar and earned a graduate degree in the same.

herb
Image Source: experience.hsm.com

Career

In 1956, Kelleher started working as a clerk at the New Jersey Supreme Court. In 1959, he joined the Newark, New Jersey, firm of Lum, Biunno and Tompkins, where he practised law for two years. In 1961, he moved to Texas and became a partner in the law firm of Matthews, Nowlin, Macfarlane & Barrett.

Founding Southwest Airlines

While living in Texas, Kelleher got influenced by the lifestyle of the local people and started looking for something challenging that could help him be like one of them. He wanted to start his own law firm or any other business. In 1966, he joined the Texas businessman Rollin King as his outside counsel. One evening in a meeting with a client, an air charter service owner, in the St. Anthony’s Club in San Antonio, they sketched out a plan on a napkin.

King and his banker, John Parker wanted to launch an affordable airline between Dallas, Houston, and San Antonio. Kelleher joined hands with the two, and on 15 March 1967, with a seed money of $500,000, they launched the Southwest Airlines Co. Kelleher managed to buy a 1.8 per cent stake in the newly started airline company and was appointed as its first CEO. But due to some legalities, the airline kept from flying for a four-long year and had its first flight on 18 June 1971. The low prices of the flights, and other facilities like eliminating unnecessary services, made the airline an instant hit.

As the CEO of the company, Keheller brought a better working culture, making the employees work more passionately. In 1974, Southwest became the first airline to offer a profit-sharing plan, according to which employees owned 13 per cent of the company’s common stock. Southwest Airlines has constantly maintained its name in the top five Most Admired Corporations in America, in the Fortune magazine’s annual poll.

In 1982, Kelleher was assigned the post of the chairman and the president of the company, remaining on the position of the CEO. In 2003, the airlines had 33000 employees, and operated 2800 flights between 30 airports, with a total annual revenue of $6 billion and net profits of $442 million.

On 21 May 2008, Kelleher resigned as the chairman of Southwest Airlines.

Personal Life

Kelleher met his future wife, Joan Negley when he was in college and married her in 1955 when he was still studying law at the New York University. Fortune has also called him perhaps the best CEO in America. Kelleher was inducted into the Junior Achievement U.S. Business Hall of Fame in 2004. He was named the CEO of the Year from Chief Executive magazine in 1999 and also from the Fortune magazine in 2001. In 1990, the Financial World named him as the CEO of the Decade in the Airline Industry and was also named as the CEO of the Century by Texas Monthly in the same year.

AT&T’s Ready to Launch its Three Tier Streaming SVOD Service

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Video streaming platforms like Netflix and Amazon Prime has replaced old traditional television, and now AT&T is also set to launch its new streaming video service by the end of this year, that will feature original movies and television series from Warner Bros., Turner and HBO. The tech giant is ready to transform into an entertainment giant with its new upcoming subscription video-on-demand service and has made some good strategies to achieve that.

at&t
image Source: 680news.com

The streaming service will provide a three-tier subscription, starting with an “entry-level” subscription at the lowest monthly charges, that will accentuate on movies, and the user will get to watch the films from WarnerMedia’s catalogue with this subscription. The second one will endorse the “premium” subscription package, and will include the WarnerMedia TV series and “blockbuster movies”. The third tier is on the expensive side and will provide the user with all the first and second tier subscription services, plus it will offer an access to “extensive library of WarnerMedia and licensed content.”

AT&T had been preparing for the big launch of its video streaming platform, and the news had been confirmed by many of AT&T’s statements in the past. As AT&T has acquired HBO, it will emphasise more on promoting and streaming the content from HBO. Also, soon after its acquisition of TimeWarner, AT&T also established a WarnerMedia entity, to focus on WarnerMedia content specifically.

The tech giant is focused on more consumer engagement, and its goal is to have its share of profits from the consumers who have been spending $150 a month on entertainment and cable services. John Stankey, head of AT&T’s WarnerMedia unit said, “At the end of the day, that engagement is good for all of AT&T’s business.”

AT&T CEO Randall Stephenson said, “We have some of the world’s best content and 370 million direct-to-consumer relationships across mobility, video, broadband and our digital properties. That exceptional combination enables us to deliver a broad spectrum of entertainment experiences, from premium video to skinnier over-the-top and mobile-centric bundles of live content, and a subscription video-on-demand product to launch late next year. And with Xander, our advertising business, we’re using insights from our customers.”

Alongside AT&T, Disney is also planning to start its standalone streaming service, by the fall next year. And like these two companies, there are many other companies including Walmart that are willing to step into the same business. Netflix and Amazon have already made their separate place in the same, and with the combination streaming service that AT&T is about to start, the consumer will be able to get more discount on such service, which can shift their attention from Netflix and Amazon Prime to AT&T’s streaming network.

Scott Cook : One of the Most Groundbreaking Entrepreneurs in Silicon Valley

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What can a bad boss lead its employees to? In the case of Scott Cook, his bad boss led him to think of starting his own business and establish a multi-billion empire for himself. Cook, an American billionaire businessman, is one of those people, who got their lives changed with a simple idea. The concept that people had never imagined of and thought as a non-profitable one, too. Not much people are aware of this nerd, who believed in his plan and gave a tough competition to multiple tech giants with his unusual product. But, who knows, are also aware of his management and leadership skills

Early Life

Cook was born and brought up in a suburb of L.A. He was a bright student at the school, and had programmed the school district’s one computer. After graduating from school, he got enrolled at the University of Southern California, to pursue a bachelor’s degree in economics and mathematics and later, joined the Harvard Business School, from where he received an MBA degree.

Career

After completing his education, Cook, took a job at Procter & Gamble in Cincinnati, Ohio, where he earned much experience in product development and consumer marketing. He also met his future wife Signe Ostby while working at P&G. After leaving the job and marrying Ostby, he with Ostby moved to Menlo Park, California, where he started working at Bain & Company as a consultant in the strategic consulting department.

Founding Intuit

On a fine day, in the early 80s, Cook was sitting in the kitchen of their silicon valley house, with his wife. His wife had complaints about the management and payment of the bills. Cook was prompted by the matter and thought that there might be some more people who find managing the various household bills a bit difficult. He came with an idea to develop software that would help the people to manage and pay their bills. The idea was first of its kind as there were not many users of computers at that time, especially women who stayed at home. Hence, it became difficult for him to raise funding for this idea.

Cook’s interaction with the programming languages had happened last when he was in high school, so he contacted his friend from the Stanford University, Tom Proulx, to help him out with the development process of the software.

In 1983, the two founded Intuit Inc. and launched the first software of their company, the first version of Quicken, written in Microsoft’s BASIC programming language. The software was designed to work on the IBM PC and UCSD Pascal for the Apple II. The product was a success and soon found a competitor. Microsoft also produced a similar software named Microsoft Money, but Cook had its move and provided its customers a US$15 rebate coupon, redeemable on software purchased in their stores. At the same time, the company got engaged with John Doerr, to expand its product lineup.

In 1993, the company was made public for ICO, and it made a major acquisition, i.e., of Chipsoft (a tax-preparation software company based in San Diego). In 1994, the market capitalization of the company reached US$2 billion, and Microsoft made a buyout offer for the company. But, due to some legal issues, the buyout failed, and Microsoft continued its competition with Intuit. During this time, the company started producing web-based products and invested in some really good projects.

The annual revenue of the company estimated by May 2018, was US$5 billion and its market capitalization was about US$50 billion.

Cook remained the chairman of Intuit from February 1993 to July 1998 and served as the president and the CEO of the company, from April 1983 to April 1994.

Personal Life

Cook and his wife Ostby are the parents of three children and live in Woodside, California. In 2002, the couple established the Center for Brand and Product Management at the University of Wisconsin–Madison School of Business. In 2005, he was placed at number 320, in the Forbes 400, and his estimated worth was of $1.1 billion. Cook is one of the directors of eBay and Procter & Gamble and serves on the dean’s advisory board of the Harvard Business School. He is also one of the investors in eBay, Amazon, and Snapchat and has been a mentor to entrepreneurs like Larry Page.

Amazon Gets into Blockchain Business; Launches Two New Products

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Last year, Amazon was planning for its debut in the blockchain industry with Amazon Web Services (AWS), but due to some reasons, could not come to any conclusions. But, finally, despite the huge plunge that crypto had faced this year, Amazon has launched two of its new products based on the same technology, at the Amazon’s re:Invent conference, held on Wednesday in Las Vegas.

blockchain
Image Source: medium.com

One of the two blockchain platforms that Amazon introduced is the Amazon Managed Blockchain. The platform is specially built for the blockchain developers. It helps them develop blockchain networks without having to create their own blockchain platform. The platform supports the two popular existing blockchain platforms — Ethereum and Hyperledger Fabric. Right now, the platform is not available for Ethereum.

“Amazon Managed Blockchain is a fully managed service that allows you to set up and manage a scalable blockchain network with just a few clicks,” Amazon said in an announcement.

The other blockchain based product that Amazon announced at the event is the Amazon Quantum Ledger Database (QLDB), that is a type of log of transactions, which is transparent, stable, and cryptographically verifiable. A central trusted authority will supervise the ledger. The users can replicate a copy of their blockchain activities with the help of this platform.

“Managed Blockchain can replicate an immutable copy of your blockchain network activity into Amazon Quantum Ledger Database (QLDB), a fully managed ledger database. This allows you to easily analyze the network activity outside the network and gain insights into trends,” company website mentioned.

Amazon’s cloud chief Andy Jassy, took three hours to explain about Amazon’s two products as well as talked about its competitors and their products. “We don’t build things for optics,” he said, “AWS only spends resources on something when they understand the problem. This is something that a lot of companies need,” he added.

The availability terms for most of the services announced at the event are still under the wraps, and most of them are going to be more useful for the IT professionals, rather than the business managers. The blockchain services provided by Amazon are open for signups, and after the verification, the users will be able to create their blockchain networks and add more members to their accounts to simulate a multi-member network.

Robert Pera : The Wireless Wonder of Silicon Valley

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The CEO of Ubiquiti Networks, Robert Pera, is one of the youngest entrepreneurs and a self-made billionaire of the Silicon Valley. With the passion for designing products, he left a lavish job at Apple and started a company in an economical $650-per-month apartment/office, reminding himself that he must not fail. A media-shy entrepreneur who is living a lean life has the ambition to create internet connectivity that is available everywhere.

Early Life

Robert Pera was born on 10 March 1978 in San Carlos. His father worked as a business consultant, and his mother was a public relation officer. He was always interested in technology and computers. He started his first business when he was still in high school. He used to set up computers, networks, and some databases that ran the software. He was also a member of his school’s basketball team. The same time he was diagnosed by a heart-valve infection and had to leave the school for a year. After completing his school, he joined the University of California in San Diego, where he pursued a B.A. degree in Japanese Language and a B.S. in Electrical Engineering. He also obtained the M.S. degree in Electrical Engineering from the same university.

Robert Pera
Image Source : networthstat.com

Career

Pera was a Steve Jobs admirer, and after completing his education, he got the opportunity to work at Apple Inc., as a hardware engineer. His work was related to testing the company’s Wi-Fi devices. After working there for some time, he discovered that the signal emitted by the power sources used by the Apple’s WiFi devices were below FCC limits, and the transmission range could be enhanced by boosting their power so that to make internet accessible at the places where the telephone and cable companies did not reach. He consulted his superiors regarding the same matter, but nobody took him seriously.

Founding Ubiquiti Networks

Pera had an idea, and he himself started working on his own low-cost, high-performance WiFi module, at his apartment for a long period of one year, and in early 2005, he quit Apple Inc. to form his own company, i.e., Ubiquiti Networks.

With the savings and credit card cash debt, he managed to raise $30,000 to invest in his company, and started Ubiquiti Networks, in March 2005. The main goal, to start this company was to wirelessly deliver the Internet to the underserved areas, using the existing wifi technologies. The first product series launched by the company included the Super Range mini-PCI radio cards SR2 and SR5.

The Super Range module used the Atheros chipset, operating at 2.4 and 5.8 GHz bands. The card received a successful welcome and was used by many small and medium scale Wireless Internet service providers, all over the world. Currently, the company deals in the four major products: airMAX, airFiber, airVision, UniFi and has spread its branches to other fields including wireless access points, security cameras and traditional networking equipment, etc., as well. Currently, more than 180 countries are using the equipment from Ubiquiti Networks, around the world.

Personal Life

The American entrepreneur secured a place in the Forbes’ list of 10 youngest billionaires in the world, at the age of 36. He is the 229th richest man in the United States, and the 642nd richest person, in the World Billionaire list. Pera took the company public in 2011 and raised US$ 33.5 million in the IPO. He owns the 64 per cent shares in the company.

In October 2012, he purchased the National Basketball Association franchise Memphis Grizzlies from Michael Heisley paying $350 million. Pera also supports the sports charity named Grizzlies Foundation operating in Memphis.

Apple Updates iCloud to Fix the Compatibility Issues with Windows

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Image Source : softpedia.com

Apple along with Microsoft had been working on the latest version of iCloud for Windows, and have just released the newest version of iCloud for Windows version 7.8.1. The Apple device users, having a Windows machine, had been complaining about the compatibility issues for a long time, for that Apple and Microsoft came together and started working to solve the issues.

The problem was occurring for most of the Windows 10 users when they were trying to install iCloud on it, they were getting an error message over the screen, with the failed installation. Also, the users who already had the software installed on their Windows machine were also facing problems with the Photos syncing and more.

Having received so many complaints regarding the compatibility issues of iCloud with Windows, earlier this month, Microsoft blocked its users from downloading iCloud for Windows. It had also noticed that the users were having a problem in updating the Shared Albums after they upgraded to Windows 10 version 1809.

Microsoft had earlier confirmed that it was working with Apple together, to resolve the issue, but, there has been no mention about the update of the iCloud for Windows from Apple. Yet it has listed some of the requirements for using the iCloud for windows on its support page: “iCloud for Windows 7.8.1 requires Microsoft Windows 7 or later; Outlook 2007 or later or iCloud.com (for Mail, Contacts, Calendar); and Internet Explorer 10 or later, Firefox 30 or later, or Google Chrome 28 or later (for Bookmarks).” The update on the iCloud support page has ensured that the problems that the users were facing earlier, won’t be there anymore, and they can now use the software on Windows machines without any difficulties.