January 2013
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by Anna Domanska
Being attractive makes life easier, but being sexy makes life hell. More and more people experience discrimination and dishonorable actions of their bosses just because they are perceived irresistibly attractive. But being too sexy is not only about looks and sexy clothes, it is about confidence. Paris Hilton surely was right, stating: “No matter what a woman looks like, if she’s confident, she’s sexy.” So if you think that being sexy is an advantage, think twice and read the cover story “Being too sexy can be too much.” It gives you an insight into stories of four women who claimed that were fired for being simply too sexy. While winter is getting colder, maybe it is high time you thought about getting your own island. If you are interested, just have a look at islands owned by the richest people in the world. Tempted? And if you are thinking about doing business in Asia, in particular Japan, check the “Better business destination” feature as you can find there information on fascinating and luring Tokyo. All this and more…
Anna Domanska Editor-in-Chief,
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January 2013 FEATURES
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Contents 38
COVER STORY
56 Tokyo
What makes Tokyo the better business destination? What makes it so attractive for businesses?...
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Hot & Fired Attractiveness makes people’s life easier. That opinion is widely sympathized. What is more, there is no denying that the opinion is false as a number of studies show that attractive people are perceived as more sociable, happier and even more successful than unattractive people. Read More...
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CONSOL Energy CONSOL Energy is a publicly owned Pittsburgh-based producer of coal and natural gas...
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Contents
Success Stories
REGULARS
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Latest in Business
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Leader Talk
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The WOW ! Quotient
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Mergers & More
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Larger Than Life
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Industry Events & Tradeshows
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Mergers & More Everything has its beginning and its end. So the NYSE has. On the 20th of December, NYSE Euronext decided to sell itself to IntercontinentalExchange Inc...
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According to a statement released by Starbucks Corp., the first Starbucks cafÊ will be launched in February 2013. The store will be run by Maxim’s Group...
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Success Stories
Head-Space
18 Leader Talk Perseverance is necessary for success. Nothing great can be achieved without overcoming some obstacles. However, it is easier to preach about the importance of perseverance than to actually experience failure and continue undeterred...
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“
True entrepreneurship comes only from risktaking.”
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- Dhirubhai Ambani
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Starbucks deepens its expansion in Asia as it opens store in Vietnam On the 3rd of January, Starbucks Corp. informed that it would launch its first café in Vietnam in February 2013. The decision comes as the Seattlebased company is trying to expand its presence in the Asia-Pacific region.
Starbucks café in Vietnam According to a statement released by Starbucks Corp., the first Starbucks café will be launched in February 2013. The store will be run by Maxim’s Group. Starbucks Corp. expects that it will encounter fewer problems in Vietnam than in China as Chinese consumers are known to be devoted to tea. On
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the other hand, Vietnamese customers are famous for their fondness for coffee which is not so surprising as Vietnam is one of the world’s largest producers of coffee beans. While promenading along the streets, one can see many coffee shops around in Vietnam. John Culver, president of Starbucks Coffee China and Asia Pacific, underlined: “Starbucks is deeply respectful of Vietnam’s long and distinctive local coffee culture. We know coffee is a national pride for many Vietnamese and as such, we look forward to contributing and growing Vietnam’s already vibrant coffee industry.”
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Latest In
- Anna Domanska
BMW outperforms Mercedes in U.S. market 2012 December will be long remembered by luxury carmakers, including BMW AG, Mercedes-Benz, Audi and others, as they saw record luxury car sales in the U.S. market. BMW AG indeed preformed so good in the last month of the year as it saw an increase of approximately 39 percent for the period in the U.S., topping Mercedes-Benz in luxury car sales for 2012.
BMW on top Certainly U.S. new cars sales in December help BMW AG top Mercedes-Benz. BMW AG sold as many as 43,855 ve-
hicles in December which helped the company overtake Mercedes-Benz as the most popular luxury carmaker in the U.S. BMW AG saw its new car sales in 2012 grow approximately 13.8 percent to 347,583, thereby marking the year as the carmaker’s best year in the U.S. in a long time. As for the U.S. sales of BMW brand models they climbed roughly 13.5 percent from a year earlier. Munich-based BMW AG informed that U.S. new car sales of its 5 Series in December increased as much as 72 percent!
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Macau sees gambling revenue grow 14% to $38bn in 2012 On the 2nd of January, official data showed that Macau saw gambling revenue increase approximately 14 percent to about $38 billion in 2012. The figures also indicated that Macau casino revenue jumped as much as 20 percent in December, surprisingly topping analysts’ estimates. The results support the Macau’s title of the world’s biggest gambling market.
Macau sees growth Even though the rate of growth in Macau slowed down from 2011, the Macau’s Gaming Inspection and Coordination
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Bureau informed that casino revenue climbed approximately 14 percent to $38 billion in 2012. In 2011, full-year casino revenue jumped as much as 42 percent to over $33 billion. Despite the fact that the China’s economy slowed down in 2012 and affluent Chinese gamblers tried to refrain from gambling, the 2012 Macau casino revenue hit a record, thereby reinforcing the Macau’s position as the biggest gambling market. On the other hand, Macau casinos saw a significant drop in VIP growth as wealthy high-rolling mainland Chinese visitors refrained from gambling.
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Latest In France isn’t in Champagne mood as sales were hit by economic concerns With only a few hours left until New Year’s Eve, France might to be in a Champagne mood as sales of its worldknown sparkling wine are decreasing in Europe amid the European debt crisis. Yet the Champagne industry reposes hope in the U.S., Japan and other markets where it saw a growing interest in the sexiest wine in the world.
Champagne sales As Europeans are facing more economic concerns over job security, rising bills, etc., they are not so keen on opening bottles of Champagne. French vineyards are anxiously observing trends in
sales and consumption of their pride. Only solace is the growing popularity of Champagne in the United States, Japan and China. France, which is the home of Champagne and at the same time its largest market, saw a drop in sales of its sparkling wine as fewer people decided to pop open the bottles. According to data released by the CIVC – The Comité Interprofessionnel du Vin de Champagne, sales of Champagne fell approximately 4.9 percent in France and roughly 5 percent in the European Union in the first nine months of 2012 compared to the same period last year.
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Scotch whisky enters “Second Golden Era” New research, which was conducted by the Scotch Whisky Association, shows that Scotch whisky enters its “second golden era” as it generates over £4 billion per year. The undeniable position of Scotch whisky in the Scotland’s economy is mainly driven by overseas investment.
Scotch whisky vs Scotland’s economy The Scotch Whisky Association, which issued its new research to mark the centenary of the body, underlined that the findings indicated that the industry entered its “second golden age.” The report, Scotch Whisky & Scotland’s Economy, shows that Scotch whisky generates approximately £4.2 billion, including as much as £2.9 billion from the Scotch whisky industry and roughly £1.3 billion through the supply chain. In addition, the survey says that Scotch whisky employs approximately 36,000 jobs. Once David Daiches said: “The proper drinking of Scotch whisky is more than indulgence: it is a toast to civilization, a tribute to the continuity of culture, (…),” therefore it is not surprising that the Scotch whisky industry is reliving its best days, the “second golden age”, following the growth enjoyed in the 1970s.
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Latest In List of U.K. most expensive residential streets revealed Even though the U.K. saw house prices drop for a sixth month in December, it has still true jewels which cannot be described as cheap and average at all. Not surprisingly, London has once again outperformed other cities in the competition as all from the top ten are located in the capital of the U.K. According to the survey, residences located in Egerton Crescent, Kensington and Chelsea, London, are the costliest with the average house being valued at over ÂŁ8 million. As a matter of fact, it was not London which dominated the list; it was the Royal Borough of Kensington and Chel-
sea which did it.
Most expensive street Egerton Crescent has been awarded the title of the most expensive street in the U.K. with the median property value of approximately ÂŁ8.1 million. Analysts note that prices in the Royal Borough of Kensington and Chelsea are so high as the area has been recently very popular with foreign buyers. The growing interest in the area was caused by the search for investing safe haven after the outbreak of the European financial crisis.
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Inspiring Leaders the Entrepr
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ship Stories for reneurs - Patrick Alain
Perseverance is necessary for success. Nothing great can be achieved without overcoming some obstacles. Industry Leaders Magazine
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However, it is easier to preach about the importance of perseverance than to actually experience failure and continue undeterred. The path to success can be difficult; not impossible. But, perseverance alone does not guarantee a fortune.
Milton Hershey claims the top spot in the chocolate industry. But the road has been filled with years of bitter struggle.
Milton Hershey: Guilty Pleasures Milton Hershey claims the top spot in the chocolate industry. But the road has been filled with years of bitter struggle. Dropping out of school in the 4th grade, Hershey took an apprenticeship with a printer but he was fired soon after. Another apprenticeship followed with a candy-maker, based in Lancaster, PA. He studied business for four long years, following which he began three candy companies in Philadelphia,
A certain amount of risk is involved in the process. Only those individuals willing to think outside the box and bend the rules are worthy of success. Many innovators in business have shown the world that truth, daring, ingenuity, improvisation and, of course, perseverance are more important than blindly following the rules.
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Chicago, and then, New York. All of them were unsuccessful. Hershey could have quit at that moment. But he chose not to give up on his dreams. He relocated to Lancaster and started the Lancaster Caramel Company. He got the first taste of success with his unique caramel recipe, which he had picked up earlier during his travels. Hershey possessed foresight and realised that chocolate products would be more beneficial in the future than caramel. In 1900, he sold the Lancaster Caramel Company for a hefty $1 million and started the Hershey Company. Milk chocolate, a Swiss delicacy, was introduced by the company to the public. Hershey was able to overcome his past
failures and achieve his goals, and managed by staying close to home. His company gave rise to hundreds of employment opportunities for Pennsylvanians. But he never forgot his roots and used a portion of his fortune to erect churches, schools, and houses, sealing his status as a legend in the Keystone State area. Hershey’s success story indicates that while persistence is important, a concrete business plan from the start hastens success.
Simon Cowell: Music to the Ears Simon Cowell is, without a doubt, one of the most influential men in the music industry at present. However, Cowell faced a
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In spite of all that he had been through, Cowell never gave up hope. He wanted to make a name for himself in the music business, any way possible. He soon got a job at Fanfare Records, a small company. He worked with the company for 8 long years and helped transform it into a successful label. Cowell spent many years working behind-the-scenes and signing talent, prior to launching the “X-Factor” and “American Idol” franchises that made him a household name. In spite of being successful and rich, Cowell is involved in several new projects. This sort of dedication has been instrumental in helping him overcome his early hurdles.
considerable amount of struggle, early on in life. He dropped out of school at the young age of 15 and bounced around jobs for some time. Eventually, he landed a job in the EMI Music Publishing mail room. Cowell slowly worked his way up to the A&R sector. He then went on to start E&S Music, his very own publishing company.
Walt Disney: The Making of a Brand Walt Disney was fired from the Kansas City Star Newspaper as a young man, for his apparent lack of creativity. He formed Laugh-O-Gram, an animation company in 1921. Disney was able to raise as much as $15,000 for the company using his natural skills of salesmanship.
Disney was yet to give up on his dream. He spent his last few dollars on a Hollywood train ticket. More trouble was in store for Disney. E&S, however, folded right in its first year of business. Cowell faced a lot of debt and eventually moved back in with his parents.
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When Disney tried to negotiate a better deal with the distributor, Universal Studios, he discovered that they had patented the character without his knowledge. However, Laugh-O-Gram had to be shut down when the New York distributor Disney had made a deal with which he went out of business. The low point came in his life when he was unable to pay his own rent and resorted to eating dog food. But, Disney was yet to give up on his dream. He spent his last few dollars on a Hollywood train ticket. More trouble was in store for Disney. He created a cartoon character called Oswald the Rabbit in 1926. When Disney tried to negotiate a better
deal with the distributor, Universal Studios, he discovered that they had patented the character without his knowledge. The company even hired his artists away from him. Disney also had to undergo a lot of difficulty trying to release some of his now-classic films, including Mickey Mouse, Pinocchio and Bambi. But Disney exhibited a sense of perseverance when he attempted to make the Mary Poppins book into a movie. However, Pamela Travers, the author of the book, had no interest in selling the rights of Mary Poppins to Hollywood. In order to persuade her, Disney visited Travers at her home in England repeatedly over the course of 16 long years. She was finally compelled by his vision and gave him her permission to make the big screen version of Mary Poppins. The movie is now a timeless classic. Disney had the last laugh when the Disney Company purchased ABC in 1996. ABC owned the Kansas City Star newspaper. Thus, the company, which had once fired
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him, was now a part of Disney’s vast empire. Disney’s success is a testament to his unique creativity as well as his perseverance.
Estee Lauder: Queen of Cream
Estee Lauder was born in the Corona section of Queens, N.Y. She belonged to the working-class and lived with her eight brothers
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and sisters in a small apartment above the hardware store owned by her father. She had her first job selling skin creams manufactured by her uncle to beauty shops. It was by no means an easy life but she made do with what she earned. But, her ambition and dream went much further than selling skin creams to shops. She began formulating new beauty creams
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Oprah Winfrey: Woman of Power Oprah is a shining example of how perseverance and hope can lead one to success. She overcame several challenges in her early life to become a media baron.
She overcame a troubled childhood, living in poverty in the home of her grandmother for the first six years of her life. She then had to split her time between the residence of her father in Nashville and her mother’s in Milwaukee. Oprah Winfrey was born to unwed teenage parents in 1954. She overcame a troubled childhood, living in poverty in the home of her grandmother for the first six years of her life. She then had to split her time between the residence of her father in Nashville and her mother’s in Milwaukee. She was an excellent student and gained full scholarship to the Tennessee State University. It was here that she became interested in media and journalism. She began her career in broadcast news and later went on to talk show television. of her own, assisted by her husband, and in 1947, started Estee Lauder Inc. The company has since become one of the most reputed cosmetic and lifestyle brands around the world.
The success of the Oprah Winfrey Show helped her build a media empire, covering a magazine, a cable network and a film production company.
The only thing separating the common Estee died back in 2004, leaving behind her man from these successful entrepreneurs legacy and a fortune, which started in her is the sense of belief in oneself. Almost anyone can become anything they want to kitchen as just a dream. be if they believe in themselves and work hard for their goal. Any business requires
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capital and perseverance is needed to build capital. One can build the business of his dreams only if they have sufficient capital.
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Urban Bee aware of the
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n bees. eir importance.
- Richard Meryn
“A bee is never as busy as it seems; it’s just that it can’t buzz any slower”. - Kin Hubbard Industry Leaders Magazine
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Some of us probably hated bees in our childhood as we were often bitten by them. But these days children less often experience bee bites. Why is that? Actually, bees are disappearing. And if you want to shout: “That’s fantastic! No more those disgusting creatures.” Think about it twice. We, all humans, depend on bees. Once, a person said: “If the bee disappeared off the surface of the globe then man would only have four years of life left. No more bees, no more pollination, no more plants, no more animals, no more man.” Even though we are not sure who uttered the words, yet some believe Einstein said it, still the sentence shows the importance of bees. They are not only important for agriculture, they are also essential for an economy in
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general. The importance of bees is related to the fact that bees pollinate one third of the food we (people) eat. Therefore the potential disappearance of bees is rather shocking as we depend on them! Our survival depends on the survival of bees, and it is not an exaggeration! Fewer bees also threaten the existence of many industries. Everything is related to each other, and everything depends on each other. So just look at bees favorably…
Doomed bees Ecologists, biologists and other experts from different fields are sounding the alarm as bees are dying and disappearing. While some experts, including Noah Wilson-Rich,
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believe that what we are seeing is nothing else but Colony Collapse Disorder, others highlight that bees are dying from the equivalent of the flue. More bees are getting bad virus infections.
away from a hive to die and not to infect the rest of the group. But the weirdest thing is that researchers do not even see dead bees, so where bees disappear, the question remains.
But the question remains why some bees are more prone to getting these infections than others. Academics still do not have an answer for that.
The population-related problems of bees are believed to be related to the existence of tracheal mites, which invade the breathing tubes of bees and make it either difficult or impossible for them to breathe. Scientists also claim that the tracheal mites make it impossible for the bees to fly, not to mention that these pests also pierce tissue and suck the bee’s blood. Researchers try to find the way to stop tracheal mites and minimize all negative effects which they have on bees. Yet Patrick Parkman noted that research on bees and tracheal mites were advanced, he underlined: “But we are putting much effort into finding out so that other bee colonies are not lost.�
But bees face some environmental challenges as well. Some scientists believe that honeybees will not survive on their own in environments where they were introduced, including North America. But also native bees are struggling. There is a visible tendency of the disappearance of bees. What is interesting is that bees are very social in their nature they have even developed a cultural institution of the so-called altruistic suicide which is used when a bee knows that it is sick and it decides to fly
But declines in bee populations have been
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The seen in different parts of the world. According to data, bumble bees have been vanishing in the Great Britain since the 1950s. The report of the United Nations underlines that the aforementioned Colony Collapse Disorder is responsible for the disappearance of millions of bees. All over the world beekeepers have seen their colonies decrease. Some analysts, however, believe that declines in bee population have been caused by a new generation of nerve-agent pesticides. According to studies conducted by British and French scientists, tiny doses of neonicotinoid insecticides might either severely harm bees or simply kill them. Whatever the reason is for declines in bee populations, the fact is that bees are in trouble. Certainly the understanding of the reasons of the declines would certainly help scientists stop and minimize declines in bee population as bees are important for humankind and an economy.
Bees in trouble, humankind in trouble The amount of bees have decreased dramatically, according to recent surveys conducted by John Skinner, Patrick Parkman and others. Studies of bee communities show that bees are in trouble. And what is more alarming, bees are disappearing worldwide. Noah Wilson-Rich, PH.D. behavioral ecologist and a beekeeper and the founder of Best Bees Company, believes that the puzzling Colony Collapse Disorder might be blamed for the decreasing population of bees. Yet the reasons of the current Colony Collapse Disorder are not known. Despite the fact that reasons of the decreasing population of bees are not known, analysts note that we, humankind, are in trouble as bees do not only produce honey, but they are the best natural pollinator. So it is not an exaggeration to say that if bees are in trouble,
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so is humankind. We, people, depend on bees as they pollinate many species of fruits and vegetables including apples, cranberries, nuts, almonds and even some kinds of coffee. But also indirectly dairy eats alfalfa and alfalfa seed production depend on bees and the process of pollination. Bees do have an impact on prices. If the population of bees is to significantly reduce, the prices of food will automatically be higher. Just imagine the price of a ham-
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burger at over $20 plus tax. Unimaginable? Not really, it might be in the near future. Remember that meat production also depends on bees. So if bees are in trouble, meat production will be negatively affected, thereby pushing meat prices a lot higher. Evidently farmers have some alternative ways of pollination; however those methods are very expensive and less efficient. Pollination is essential to plant production and the faster we are going to wake up to this truth, the faster we will take important steps to stop the disappearance of bees.
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Urban bees Yet there still is a hope. Urban bees are expected to help people survive and all these because they are more healthy than country bees. Studies show that urban bees can produce even more honey than rural ones. Bees are currently doing better in cities than in countries. Therefore there are more and more adherents of bees in cities. And scientists are convinced that we can use that for mutual advantages by developing bee population and benefiting from it at the same time. Supporters of keeping bees in cities believe that it a fantastic way of bringing nature to an urban environment. Noah Wilson-Rich is strongly convinced that urban beekeeping might develop so-called urban agriculture which is expected to be an answer for many current and future gripes of humankind. Analysts note that urban beekeeping might be essential taking into consideration growing human population. In addition, bee hives in gardens, on roofs and in other places will not only profit as different species of fruits and vegetables will be pollinated, but also cities will change their features as well. Urban beekeeping will accelerate the introduction of future cities, green cities. Urban beekeeping would introduce more green, lower the cost of transportation and create jobs locally. All these would certainly create more environmental-friendly conditions.
Loving bees Even though there is still little known about urban bee technology, more and more scientists see the numberless advantages of urban beekeeping. Visible declines in bee population call for actions including introducing bees in cities. But urban beekeeping will not only minimize the threat of growing prices and even famine, but it will also introduce cultural changes as well. Bees are important for the environment, industries and humankind. If bees are in trouble, humankind is in trouble as well. But what is worth noting, that not only individuals are cautious about the problem, but also businesses are aware of the importance of bees. Therefore there is a hope that everything will be done to ensure the survival of bees.
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Hot & F
You can be s for being too
Fired
sacked o sexy !!!
Image Courtsey: www.pressdispensary.co.uk
- Anna Domanska
“There’s this idea that if you take your clothes off, somehow you must have loose morals. There’s still a negative attitude in our society towards women who use a strength that’s inherent - their femininity - in any way that might be considered seductive.” - Demi Moore
Attractiveness makes people’s life easier. That opinion is widely sympathized. What is more, there is no denying that the opinion is false as a number of studies show that attractive people are perceived as more sociable, happier and even more successful than unattractive people. Carl Senior and Michael J.R. Butler, researchers of the impact of attractiveness, underlined: “When someone is viewed as attractive, they are often assumed to have a number of positive social traits and greater intelligence.” But where attractiveness makes people’s life easier? The answer is rather not surprising! In many aspects of life, from having impact on one’s social life especially finding a partner and friends, on marks got at school to job-related issues. As we want to focus only on the professional level, please let me cite a research conducted by Sweat
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and colleagues. They surveyed 500 undergraduates students. The findings of research show that physical attractiveness was viewed as important while having a job interview, getting a job, retaining the job and even being promoted! The results of the Sweat’s survey do not differ much from other studies conducted by different university centers and researchers. What it is interesting is that attractiveness can also contribute to job security, according to the surveys. It is simple, physical attractiveness can contribute to success in most aspects of life, including professional one.
Sexiness However being attractive and being sexy are two different things. While being perceived attractive is socially and profession-
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ally desirable, being sexy might be a reason for more probable failures. But what is the difference between being attractive and being sexy? There is no simple answer for the question. One may think that attractiveness and sexiness is the same thing. Others may consid-
er sexy with overpowering strength, confidence and awareness of attractiveness. But sexiness also might be simply related to a way of dressing and make-up as well. Or maybe we should view sexiness as the mixture off all above? No matter how you describe sexiness, being perceived sexy can make a person’s life
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women, who choose to wear sexy clothes, are perceived as ones that what to use their appearance and sexuality to advance professionally at the same time. Professor Peter Glick underlined: “Although various media directed toward women... encourage women to emphasize their sex appeal, our results suggest that women in highstatus occupations may have to resist this siren call to obtain the respect of their coworkers.”
Everything started with Debrahlee Lorenzana or at least her case is thought to be the first one regarding being fired for being too hot. Beyond you will have a chance to learn several histories of women who were fired for being too sexy.
Debrahlee Lorenzana
more difficult in comparison to being perceived attractive. Even though the aforementioned statement might be regarded as a contradiction, latest cases where employees have claimed that they were fired for being too sexy support the hypothesis. Usually in those cases, namely, where a person is fired for being too sexy, the issue of dressing sexy comes out. A study, which was conducted by professor Peter Glick, shows that dressing sexy might be the beginning of problems and can have a negative effects at workplace in particular on the higher positions. According to the finding of the survey, managers who dress sexy are considered less intelligent and less competent. In addition,
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Everything started with Debrahlee Lorenzana or at least her case is thought to be the first one regarding being fired for being too hot. A former employee of the Citibank branch in Midtown claimed that she was fired for being too sexy. According to her, two managers regularly gave an opinion on her look, stating that she was too hot. Debrahlee Lorenzana, however, underlined that she used to wear “normal business clothing” unlike other female workers at the Citibank branch who were not harassed though. Her attempts of being less sexy, including wearing no make-up, fell through. Debrahlee Lorenzana did not want to play a victim and therefore she decided to sue Citigroup. In the lawsuit, she stated that her bosses said that “as a result of the shape of her figure, such clothes were purportedly ‘too distracting’ for her male colleagues and supervisors to bear.”
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“I felt ridiculous and extremely embarrassed, others in the office were laughing and asking why I was wearing it and I told them what I was told.” The details of the arbitration session were not disclosed. Yet a Citibank spokesperson underlined that the case was concluded and that Debrahlee Lorenzana did not get a broken penny from the former employer. The case of Debrahlee Lorenzana, however, shows that someone might be fired for being too sexy. What is interesting is that the case also shows that there are no typical sexual-harassment lawsuits! For sure Debrahlee Lorenza has given other people strength to speak up!
Laura Odes Another New Yorker, Laura Odes, claimed that she was fired for being too sexy as well. 29-year-old Laura Odes worked as a production assistant at Native Intimates,
the lingerie company, owned by the Orthodox Jewish partners. She claimed that she was fired after working there for a week for being too hot not because of her performance, similarly to Debrahlee Lorenzana. According to her, bosses made inappropriate marks on her looks, stating that her breasts were too big so she should tap down them. She underlined: “When I was first told that I was too hot and that my breasts were too large, I was shocked. I thought that I was dressed appropriately every day for my job as a production assistant.” As she tried to adjust to her employers’ demands, she used different kind of clothes, yet nothing was appropriate for her bosses. She even decided to wear a bathrobe as it was recommended by them, yet she felt uncomfortable and her co-workers made fun of her. She stated: “I felt ridiculous and extremely embarrassed, others in the office were laughing and asking why I was wearing it and I told them what I was told.” Like Debrahlee Lorenzana, Laura Odes decided to take action; she filed a federal complaint and filed a lawsuit alleging gender and religious discrimination.
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Mellisa Nelson Dental assistant Melissa Nelson also was fired for being too sexy. Similar to others, she decided to file a complaint. However unlike the Amit Kajla’s complaint, the Melissa Nelson’s lawsuit did not end as successful. A dental assistant was fired after 10 years of service as her boss found her attractive and sexy. Finding her irresistible, the boss felt need to protect his marriage, thereby firing Melissa Nelson.
Amit Kajla If you think that for being too sexy, one might be fired only form a job at the privately owned company, you are mistaken. Amit Kajla was fired for being too sexy for her position, namely, prison officer. At the work place she experienced many inappropriate marks and behaviors of her colleagues, from being told that “Miss, you look sexy” and being called “a stupid girl” to being criticized her for wearing heavy make-up. She filed a lawsuit and she won. The Birmingham-based employment tribunal found returned HM Prison Service guilty of unmerited discharge, and age and sex discrimination of its prison officer, Amit Kajla.
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The court underlined that Melissa Nelson was not fired because of her gender. The Iowa Supreme Court found the dentist not guilty as he had acted within his legal rights when he had fired her. The court underlined that Melissa Nelson was not fired because of her gender, but because she was a threat to the marriage of her boss despite the fact that the two were never intimate. Melissa Nelson found the ruling unjust, stating: “I think it is completely wrong . I think it is sending a message
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that men can do whatever they want in the work force.�
Being too sexy, too bad
Being attractive helps in many aspects of life, but being too sexy might be the beginning of problems. It is not easy to fight with the all stereotypes revolving around the gender. Being too sexy makes a person’s professional life hard.
Yet there is certainly a difference between being too sexy and trying to be sexy. As for the first case, a person cannot do too much with it as it is simply perceived that way not because of her/ his clothing. As for the second case, trying to be too sexy makes person look less professional. All the above cases show that you can be fired for being too hot!
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Revolution brin to an NYSE to be a ICE for
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ngs the legend n end. acquired by $8.2bn
“The freedom to make a fortune on the stock exchange has been made to sound more alluring than freedom of speech.� - John Mortimer Industry Leaders Magazine
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Everything has its beginning and its end. So the NYSE has. On the 20th of December, NYSE Euronext decided to sell itself to IntercontinentalExchange Inc. The $8.2 billion deal ends the exceptional story of a symbol of American capitalism despite the fact that the opening bell will ring every trading day as it used to. Certainly the decision to merge is revolutionary as it will also end the legend among stock exchanges. Just few had guts to imagine that the 12-year-old IntercontinentalExchange Inc. would have enough luck to buy out the New York Stock Exchange which can take pride in its over 200-yearold history.
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Acquisition deal Some people might be surprised by the acquisition of NYSE Euronext as both parties involved in the transaction cannot be described certainly as alike. On one hand, NYSE Euronext is the world’s largest stock market and also a symbol of American capitalism in its purest form. On the other hand, IntercontinentalExchange Inc. (ICE) is known as an operator of global futures exchanges; an operator which is said to symbolize the progress. The deal means that the focus of NYSE Euronext is going to change as the derivatives business is to be the main future interest of the new merged entity.
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Deal to introduce changes
Even though the deal is believed to be revolutionary, some things will not change including the opening ring and the NYSE building on Wall Street which is to be kept by IntercontinentalExchange Inc. (ICE). The company agreed to pay as much as $33.12 per NYSE Euronext share. The offer is an approximately 38 percent premium to the closing price on the 19th of December. As it was underlined in the statement, IntercontinentalExchange Inc. (ICE) would pay in a mixture of cash and shares. Under the terms of the deal, Jeffrey Sprecher will remain chief executive officer of the merged entity. As for Duncan Niederauer, who serves currently as chief executive officer of NYSE Euronext, he will be president of the merged entity and chief executive officer of NYSE Group. Duncan Niederauer underlined that he would serve at least through 2014 as a senior member of the merged entity. The merged entity is to have two headquarters in New York and Atlanta where IntercontinentalExchange Inc. (ICE) is based.
Technology enters every part of our lives. As Arthur C. Clarke once said: “Any sufficiently advanced technology is indistinguishable from magic,” and certainly the New York Stock Exchange has felt the magical power which deprived it from importance and significance. It is hard to imagine but just twenty years ago, the NYSE and NASDAQ comprised as much as 97 percent of the total U.S. stock trading volume but everything has its end… Analysts agree that the deal will combine two important derivatives exchange and clearing house operators which are also said to be key players in the segment, IntercontinentalExchange Inc. (ICE) and NYSE Euronext. However, they underline that the acquisition also means that it is likely that the New York Stock Exchange will lose its significance. The question remains whether the New York Stock Exchange will remain a symbol of American capitalism. Certainly IntercontinentalExchange Inc. (ICE) is mainly interested in Liffe which is the Europe’s second-largest derivatives market. Liffe is expected to support ICE in its battle against one of its main and fierce rivals, CME Group. Not surprisingly, every-
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thing indicates that the acquisition will push IntercontinentalExchange Inc. (ICE), which is run by Jeffrey Sprecher, into the trading of listed interest rate derivatives. What is more, the acquisition of NYSE Euronext will also give IntercontinentalExchange Inc. (ICE) more power as it will become the world’s third-largest operator of future exchanges, according to analysts’ estimates. Therefore the company will be regarded as a veritable threat to Deutsche Börse as well
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as CME Group. As the world is changing, so is the world of trading. The acquisition of NYSE Euronext will help the merged entity stay relevant and dominant in the market. The takeover also might push CME Group and CBOE Holdings into looking for new partnerships as new era of trading exchanges is to begin, especially if they want to remain crucial players.
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According to the complaint filed by the New Jersey Carpenters Pension Fund, the contract was faulty from the start as the acquisition of NYSE Euronext by IntercontinentalExchange Inc. (ICE) would be favorable to Duncan Niederauer and other directors. As it was underlined in the lawsuit, the contract was constructed the way which would guarantee the finalization of the purchase and that parties involved in it would benefit from it as well. Samuel Cohen, who is an individual shareholder of the New York Stock Exchange, also decided to file a lawsuit against it. Similar to the lawsuit filed by the New Jersey Carpenters Pension Fund, the Cohen’s complaint is aimed at preventing the acquisition from the finalization. In addition, the lawsuit filed in New York State Supreme Court in Manhattan by the New Jersey Carpenters Pension Fund also includes a statement that the contract undervalues the NYSE stock. The Pension Fund also claims in the complaint that the exchange operator did not fulfill the obligation of maximizing returns for investors.
While the world is changing, so is the world of investment. It is natural that individual investors buy and sell common stocks less and less. Voices against merger Yet not so long after the announcement of the acquisition of NYSE Euronext, voices against the merger emerged. Among avid opponents of the deal are the New Jersey Carpenters Pension Fund and an individual shareholder Samuel Cohen. Both parties have filed complaints against the planned merger as they try to stop the acquisition of NYSE Euronext by IntercontinentalExchange Inc.
Analysts note that all legal actions against mergers can slow down the finalization of all acquisitions deals. However, to not to lengthen and exacerbate an argument, companies usually decide to settle lawsuits out of court for reasonable sums.
Inevitable change While the world is changing, so is the world of investment. It is natural that individual investors buy and sell common stocks less
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and less. The future belongs to futures contracts and options on the direction of interest rates and stock indexes, or oil and natural gas prices, agricultural products and other products, and in particular credit instruments such as mortgages. While the transformation was ongoing, the New York Stock Exchange was withering on vine as it became less profitable and more vulnerable to competitors. Even though the New York Stock Exchange controlled as much as 90 percent of the U.S. cash-equities markets, its market share dropped to about 5 percent. All these changes were inevitable as market structure transformed. In parallel, the economics of the business changes as well. Analysts also underline that the merger of NYSE Euronext and IntercontinentalExchange Inc. (ICE) illustrates how derivatives regulations are affecting assets markets. However, government agencies are not in possession of necessary tools
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to efficiently supervise these activities. The merger deal has couple of obstacles to overcome, including lawsuits and obtaining regulatory approvals. Analysts highlight the fact the government agencies should also realize whether they have resources required to enforce the new derivatives rules. Without a doubt, if the merger deal is finalized, it will be the beginning of the new era. Once Alan Watts said: “The only way to make sense out of change is to plunge into it, move with it, and join the dance.� The New York Exchange Stock saw the ongoing change and it decided to join it as not adapting to changing conditions would only mean the continuation of its degradation. These days, NYSE Euronext and IntercontinentalExchange Inc. have to wait for the course of events.
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TOKY
Get Your Busin
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BETTER BUSINESS DESTINATION
YO
ness Rock
-Jason Miller
“More than any other city, Tokyo demonstrates that ‘city’ is a verb and not a noun” - Mori Toshiko Industry Leaders Magazine
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What makes Tokyo the better business destination? What makes it so attractive for businesses? Tokyo, the capital of world’s third largest economy, has this undeniable magic which lures companies. This magic revolves around Tokyo’s excellent business environment which is highly cosmopolitan as its hosts many foreign-affiliated companies. Research, which was conducted by PricewaterhouseCoopers, showed that the over 35 million people Tokyo urban area had a total GDP of more than $1,191 billion in 2005 which made it the largest urban agglomeration in the world. The figures for 2008 put the Tokyo’s GDP between Korea and
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the Netherlands. Unarguably, Tokyo is the better business destination which is attractive for companies from all over the world as they see the potential of the exotic and modern city.
Tokyo as global hub Certainly, every agglomeration with 30+ million people will have a significant impact on an economy. And Tokyo is one of these metropolitan areas. All services located in Tokyo make it an exceptional global hub. Despite high prices, Tokyo is considered one of the most expensive cities in the world do not prevent companies from locating their companies there. According to
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BETTER BUSINESS DESTINATION only good for big players! There are over 680,000 business establishments and what is interesting is that approximately 99 percent of them are small and medium companies. However do not think that because of the aforementioned fact, Tokyo is place for some kind of provincial business as it is not. Most of small and medium companies located in the capital of Japan do not only use sophisticated and highly modern technology, but also have high level of productivity, which make them main contributors of the city’s growth and success.
As Tokyo is the better business destination, foreign-affiliated companies choose it as it provides the opportunity of finding partners and customers.
research Fortune Global, more companies are based in Tokyo, thereby making it the home for one of the biggest amounts of enterprises in the world. According to Global 500, which is an annual ranking of the world’s largest corporations, as many as 68 companies are based in Japan making it third most popular destination just behind China and the United States. But that is not the end. As Tokyo is the home for a wide range of industries and it has a large concentration of corporate headquarters, it simply sees high economic activity. Do not think that Tokyo is
What is more, as much as 75 percent of the foreign companies in Japan choose to locate their headquarters in Tokyo indeed. So why do they choose Tokyo? The answer is simple. As Tokyo is the better business destination, foreign-affiliated companies choose it as it provides the opportunity of finding partners and customers. In addition, Tokyo has a high human capital with high number of English-speaking staff, thereby making it easy for companies to find needed personnel. And as a capital it has a high concentration of government agencies which also is considered quite handy. As it was aforementioned in the article, the over 35 million population of the agglomeration makes Tokyo the extremely large market. And even though personnel costs and office rent usually are rather costly, companies decide to locate its businesses here as the better business destination guarantees sufficient profits. To maintain the Tokyo’s position as the global hub, the Tokyo Metropolitan Gov-
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ernment and the government of Japan decided to collaborate and launch the Special Zone for Asian Headquarters. The project is aimed at luring foreign companies to Tokyo with preferential tax treatment, deregulation, and a package of fiscal and financial assistance.
Tokyo is described as one of the three world’s finance center alongside New York and London. Tokyo as finance center By some analysts Tokyo is described as one of the three world’s finance center alongside New York and London. However others underline that Singapore and Hong Kong
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have become even more important financial centers in Asia. Yet it is undeniable that Tokyo, the better business destination, is one of the most important finance centers despite the fact that the finance sector comprises less than 5 percent of city’s employment. According to the 2012 Global Financial Center Index, Tokyo is the world’s seventh financial center, down two positions from a year earlier. Tokyo as the better business destination and the finance center houses the headquarters of several of the world’s largest investments banks and insurances companies. In addition, the capital of Japan houses as well the country’s largest stock exchange – The Tokyo Stock Exchange. The World’s Top 15 Stock Exchanges by Value of Shares Traded in 2011 placed the Tokyo Stock Exchange on the fourth place behind the New York Stock Exchange, NASDAQ and the Lon-
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BETTER BUSINESS DESTINATION
personal relationships. Of course it is not as formal as it used to be in 60s of the twentieth century, but still an outsider might it consider rather stiff.
don Stock Exchange.
Japan / Tokyo business culture If you are ready to get your company to start operating in Tokyo or just want to do business with some Japanese companies located in Tokyo, you must remember several things about the Japanese business culture as it will certainly help you overcome cultural differences and make it simply easier to succeed in the better business destination. The understanding of Japanese business culture is essential if you want to benefit from doing business in Tokyo and Japan. You should remember that business in Japan and Tokyo is highly formal and that Japanese prefer to do business on the basis of
You do not have to know all types of bows, yet if you can bow, it means that you not only respect the Japanese business culture and you make and effort. You will probably be more likely to succeed and finalize contract if you are either introduced or recommended by someone who has a good relationship with the company.
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In Tokyo it is important to use greetings and seasonal cards which help you to maintain the relationship with the company. But remember to treat a card with respect.
ties are established they are deep and profound.
You can be surprised that establishing relations with a Japanese company usually takes so long, but once
Remember to bow when meeting somebody and do not forget business cards as they are highly important. You do not have to know all types of bows, yet if you can bow, it means that you not only respect the Japanese business culture but also you make an effort. Japan and Tokyo present the hierarchical society; therefore the aforementioned introduction is so useful.
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But there are some many cultural nuances that it is highly useful and wise to consult someone with the knowledge of the Japanese business culture to avoid any kind of faux pas as it might destroy your changes of prosperous contract or business in general.
Tokyo – better business destination Even though other places such as Hong Kong, Singapore, Malaysia, Shanghai, Beijing are expanding at rapid rate, Tokyo still remains of of the better business destination in the world. Certainly in the near future it will also remain of of the best places to do business. So what makes Tokyo the better business destination? In short, human capital, wealth of information, technology, strong financial sector, large market and infrastructure. Certainly it is also attractive for many foreign-affiliated companies as from Haneda Airport it is easy to get to other important cities of Asia. Doing business in Tokyo, the better business destination, is a different experience. You should be prepared that Tokyo and Japan are a part of rich culture. All these cultural differences make business in Tokyo more complex. But do not be discouraged as after all doing business in Tokyo will bring you satisfaction and prosperous business chances. So go for something more exotic, and you will not regret it! Punctuality, which sometimes means being 5 minutes earlier, and formal dressing are highly esteemed in the Japanese business culture. You can be surprised that establishing relations with a Japanese company usually takes so long, but once ties are established they are deep and profound. Yet do not be mistaken by the highly formal business culture. Most of the most important business decisions are made during dinner meetings in informal settings, including alcohol.
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Island of Richest
LUsting fo Temptation IsL 66
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the t.
or Land ? -Jennifer Morgan
Imagine yourself on a beautiful island. You can feel indescribable sea breeze on your face and hear sounds of nature. Industry Leaders Magazine
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Yes, islands are still considered to be a symbol of luxury, even though prices of some islands are not unavailable for a middle class person. As private islands for sale can be found in many sizes, and they have different locations and other distinctive features, the initial price may not surprise you. But those unimaginable rich are not ever satisfied with mediocrity... They want to have something exceptional, maybe even exceptionally expensive. Some may wonder why a person would be interested in buying an island. The answer is: “Why not?� So many other rich people collect cars, either fast and modern or classic; others are fascinated with art or
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watches. But the idea of owing an island brings the feeling of luxury and independence. Maybe those associations have its roots in read books or watched films? It was once said that owning an island comes last after purchases of luxury cars, yachts, houses, jets. An island especially located in an exotic destination gives its owners comfort of leisure and inaccessibility.
Owners of islands It is not surprising that millionaires are lured with an idea of possessing an island. Yet some of them do not stop on owning just one. Among those who are big fans of luxury islands, including owning them, are
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and safe whether buyers have just decided to change their lifestyle or they have decided to develop resorts. Below you will be able to explore more about few of the most expensive private islands ever. So sit down, enjoy and maybe you will get an appetite for buying one island for yourself...
Lanai - Larry Ellison Even though this article is dedicated to private islands, we cannot insensibly pass the recent purchase of Lanai, the Hawaii’s island, by Larry Ellison. Larry Ellison is indeed known not only for its wealth as he is the U.S. third richest person but also for his partiality to extravagant purchases and investments such as spending $200 million to build a Japanese-themed compound in California’s Silicon Valley.
“this kind of purchase is extremely rare, and it’s probably the most expensive island sold.” Richard Branson, David Copperfield, Celine Dion, Johnny Deep and other. According to different surveys, U.S, Canadian and British buyers comprise as much as 80 percent of the market. Price drops in the market however make the purchase of an island more accessible to a bigger crowd. Yet analysts underline that in case of prestigious purchases three main things play the main roles, namely, ego, extravagance and identity. Also privacy and security impact the price of an island as many people, who are looking one to buy, want to safeguard themselves from a meddlesome world. Purchases are made in order to feel secure
In June 2012, Larry Ellison himself bought Lanai, not the whole one but a share of as much as 98 percent. As it was reported the U.S. third richest person bought the stake for more $500 million, some even claimed that Ellison paid up to $600 million. When it comes to this kind of hefty sums who would like to care about these insignificant details? Yet Chris Krolow, chief executive officer at Private Islands Inc., has underlined that this sum might be correct as some of sales prices are not disclosed. He noted: “Lanai doesn’t really fit into the category of islands that are traded on a regular basis,” adding: “this kind of purchase is extremely rare, and it’s probably the most expensive island sold.” Lanai spreads approximately 140 square miles, thereby making it roughly three times bigger than the city of San Francisco.
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Larry Ellison purchased the Hawaii Island from David Murdock. The island, however, is not entirely owned by Larry Ellison and what is interesting is the fact that it is inhabited. But surely Larry Ellison knew what he was doing and inhabitants of the island were no obstacle to him. According to data, about 3,200 inhabitants live at the island. Moreover, Lanai is the home for two vacation resorts and two golf courses, not to mention residential and commercial buildings. The remaining 2 percent stake in the island is
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held by private residents and the local government as well. Even though plans for the island have not been disclosed yet, many expect that Larry Ellison will do something amazing and probably undeniably extravagant as he is known as a great visionary. Many of those, who know him, believe that he will not be concerned with what Hawaiians will think about it or want. He will just go for what he wants and that is it, especially as he is the owner of the most
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expensive island or at least the person who paid the most for an island.
Necker Island - Richard Branson Sir Richard Branson is not so different from Larry Ellison as he is also considered an extravagant millionaire. And not surprisingly, he also is a proud owner of three islands, two located in the British Virgin Islands and one near Australia. But getting down to brass tacks, Richard Branson can take pride in his Necker Island which is said to be the second most expensive island just after Larry Ellison’s Lanai.
Necker Island was bought by Richard Branson for approximately ÂŁ180,000, or over $300,000, back in 1978 and these days it is valued at overwhelming $100 million. But do not think that this island is just used as his private hermitage as he transformed the island into a luxury retreat just 6 years after the purchase. Therefore, Richard Branson also does a good business with its property as renting the entire island costs more than $50,000 per night.
Grand Bogue Caye Island Bill Gates Bill Gates is also among super-rich people with taste for private islands. He owns
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Grand Bogue Caye Island in the Republic of Belize. He is said to have bought it for as much as $56 million. That is not to so surprising as money is certainly not a problem for Bill Gates. The island was added to his collection of luxury properties which is tempting for a viewer, even another billionaire. Undoubtedly, the price is not too exorbitant for what Grand Bogue Caye Island in Belize offers and it offers many things including outstanding beaches, changing colors of water, beauty and variety of marine life.
Tempted? Maybe it’s time for you?
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Are you now tempted by the possibility of owning your own private island, which can be an escape place from the turmoil of the contemporary world or a dreamt place for an amazingly surprising business. Whatever is your purpose, an ideal island is for the asking as weak demand and growing inventory for private islands affected prices which decreased between 20 percent and 80 percent. But you will not only buy some kind of an island, you can buy an island which is currently owned by the richest people or by celebrities as they are trying to get rid of them. Just in June 2012, Craig McCaw put James Island on sale for just $75 million. Maybe you will take the bait? Not interested? So perhaps you will be more interested in the private island estate in Montreal
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owned by Celine Dion. The asking price for the island is slightly over $29 million. Not interested again? Do not worry, there are plenty of other islands on sale and certainly you will find an ideal one for you.
What is more, you will probably also face some logistic challenges such as how to get to an island.
ing corrupted local governments or costly permits which can take months to obtain. What is more, you will probably also face some logistic challenges such as how to get to an island. But if you are lured by an idea of owning your own island despite the possibility of encountering all of above challenges and even plenty of others, just go for it. You can be the king of your own island and join the exclusive club of island owners.
However, remember one thing. Owing an island is not only charming. You have to prepare yourself for facing many challenges while fulfilling your dreams, includ-
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CONSOL
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Energy
- Richard Meryn CONSOL Energy is a publicly owned Pittsburgh-based producer of coal and natural gas. It is one of the leading diversified energy companies in the United States of America and a fortune 500 company.
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CONSOL Energy is a publicly owned Pittsburgh-based producer of coal and natural gas. It is one of the leading diversified energy companies in the United States of America and a fortune 500 company. Their premium Appalachian coals are sold worldwide to electricity generators and steelmakers, and their Natural Gas Division has grown from a pure-play coal-bed methane producer to a full-fledged exploration and production operation. They are a leading producer in the Marcellus Shale and they conduct an active exploration program in the Utica Shale.
These advances have helped make the mining process safer and more productive, more than doubling resource recovery. CONSOL Energy’s coal mines are highly technical operating environments that require specialized training. The days of pick axes and shovels have been replaced with technologically advanced processes such as long-wall mining, enhanced safety protocols, digital technologies and sophisticated communications technologies such as those employed at their centralized Communications Center at corporate
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headquarters. These advances have helped make the mining process safer and more productive, more than doubling resource recovery. CONSOL Energy’s natural gas operations include coal bed methane extraction, conventional and shale gas exploration and production, all of which require expertise and technology that continues to evolve and advance. From safety to environmental protocols, techniques and equipment, advances in these areas are continuous, improving recovery, enhancing safety, and providing more environmentally protective methods.
Humble beginnings It began in 1864, when several western Maryland coal operators decided to “consolidate” their holdings to form the Consolidation Coal Company. But operation of the new company was delayed due to the Civil War. Consolidation Coal Company officially began in 1864; the year most historians believe was the turning point of the Civil War which ended with General Lee’s surrender in 1865.
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Natural gas exploration, development and production CONSOL Energy is a leader in the natural gas industry and one of the largest independent natural gas exploration, development and production companies in the
United States. With the acquisition of the exploration and production business of Dominion Resources, they have access to over 3.5 trillion cubic feet of proved clean-burning natural gas reserves, including coal-bed methane and shale beds. Today, they’ve had nearly 13,000 net producing wells. From natural gas and coal-bed methane to
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Marcellus and other shale reserves, CONSOL Energy is at the forefront of providing creative, environmentally- sustainable solutions designed to power America for generations to come.
Innovation: CONSOL Energy maintains the largest private research and development facility in the industry that is devoted exclusively to coal and energy utilization and production.
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In addition to supporting the production of CONSOL Energy’s coal and gas operations, it also focuses on energy development, improving energy efficiency and reducing pollution. Currently there are many interesting projects underway at the research and development facility, including, Improving coal blends for making steel, Liquid coal for fueling vehicle, Reducing power plant emissions, Producing electricity from by-products, Storing carbon dioxide in unmineable coal seams.
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ly-sustaining jobs and keeping their nation competitive in the global marketplace.
This facility was born out of their core values - Safety, Compliance and Continuous Improvement - and enables them to identify opportunities and implement solutions that drive safety, production, and utilization of their strategic resources in smarter, more efficient ways. Their strong record of environmental stewardship and our commitment to community have helped enable them to become the dynamic and accomplished energy company they are today. CONSOL Energy maintains the largest private research and development facility in the U.S. industry that is devoted exclusively to coal and energy utilization and production.
Powering America: Since Consol Energy’s founding in 1860 and their first active mining operations in 1864, CONSOL has powered the nation with affordable, abundant, reliable domestic energy. Today, CONSOL’s more than 9,000 employees help generate the fuels - coal and natural gas - that comprise two thirds of the nation’s power supply. Their energy supports the American way of life by helping deliver electricity 24/7, creating fami-
In addition to supporting the production of CONSOL Energy’s coal and gas operations, it also focuses on energy development, improving energy efficiency and reducing pollution. This facility was born out of their core values - Safety, Compliance and Continuous Improvement - and enables them to identify opportunities and implement solutions that drive safety, production, and utilization of their strategic resources in smarter, more efficient ways.
Other Resources: As the owner of 385,000 surface acres of land in the United States and Canada, CONSOL Energy depends on its subsidiary, Land Resources Inc., to oversee various projects,
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including, Selling coal, oil and gas reserves that the company does not intend to develop, Donating land for conservation activities and to support charitable organizations and public institutions, Developing suitable property for commercial use, Sustaining and harvesting timber, Renting property for agricultural and non-agricultural use and Leasing mineral rights.
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CONSOL Energy maintains a fleet of 21 line haul towboats, 6 harbor tugs and more than 600 barges of various sizes. The company’s operations allow it to safely and efficiently transport coal and other products from river load out facilities to customers along the Monongahela, Allegheny, Kanawha, and Ohio Rivers. CONSOL Energy River Division also oper-
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trains through its rotary dump. Located on 200 acres along the north shore of the Patapsco River, CONSOL Energy’s Baltimore Marine terminal in the Port of Baltimore is the only East Coast terminal served by two rail lines - Norfolk Southern and CSX Transportation. The Baltimore Marine Terminal features high-speed, high-capacity equipment that provides coal transshipment directly from rail cars to ocean-going vessels. The terminal has ground storage facility for more than 1.1 million tons of coal and exported a record 12.6 million tons in 2011, making CONSOL Energy the largest coal exporter in Baltimore. During 2008, a total of 8.9 million tons of coal was shipped through the terminal, making the company the largest coal exporter in Baltimore. Thirty-four percent of that coal was produced by CONSOL Energy. Founded in 1921, Fairmont Supply Company is a full-line distributor of industrial maintenance, repair, and operating (MRO) supplies. Headquartered in Canonsburg, Pennsylvania. the company has grown to 26 locations in 13 states. Since 2007, Fairmont Supply Company has acquired two subsidiaries, Piping & Equipment, Inc. which has 8 locations throughout the Gulf Coast; and North Penn Pipe and Supply LLC which has 2 locations in northern Pennsylvania. By working closely with more than 500 quality manufacturers, Fairmont Supply Company stocks more than 250,000 products and provides customers quick access to more than two million items. ates as a common carrier offering towing service and fleeting for third party barges. Additionally, CONSOL Energy loads coal from rail cars into barges at its Alicia Transshipment Facility located at mile post 58, Monongahela River. The Alicia Facility is served by both the NS and CSX railroads. A recent expansion has made it possible for Alicia to handle 130 car
Fairmont Supply is also a leader in providing materials management services such as integrated supply, vendor managed inventory, storeroom management, vending distribution programs, and procurement services. Approximately 40 percent of Fairmont Supply Company sales are made to Consol Energy mining locations.
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ENERGY
POWER-GEN Middle East
Date: 04 - 06 February, 2013
POWER-GEN Middle East creates an ideal meeting ground to explore these exciting markets by combining the world’s top power companies with a high level conference addressing the key issues facing the sector. Venue: Doha, Qatar Biodiesel Conference & Expo
Date: 04 - 07 February, 2013
Biodiesel Conference & Expo will prove itself to be the best event for the industries and manufactures as they will exhibit their latest equipments, products and techniques of biodiesel industry. The organizers of this event have planned well to hit the show and are expecting a hug crowd at the event centre. Venue: Las Vegas, United States Of America E-World Energy & Water Exhibition
Date: 05 - 07 February, 2013
E- World Energy & Water Exhibition is the leading communication platform of energy and water industries in Europe. This event is organized by Messe Essen GmbH to uphold and explore the new possibilities of the energy and water industry. Venue: Essen, Germany Pv America East
Date: 05 - 07 February, 2013
Pv America East focuses on the development of the PV industry and exclusively presents the most extraordinary and upgraded version of the PV solar products and technologies. Several companies who are new to this sector get a chance to showcase their innovation and attract customers to their newly established brand name. Venue: Philadelphia, United States Of America CLEAN ENERGY & PASSIVEHOUSE
Date: 07 - 09 February, 2013
CLEAN ENERGY & PASSIVEHOUSE allows for the international growth of the markets for renewable energy and energy efficiency through its international focus and communication. CLEAN ENERGY & PASSIVEHOUSE comprises international, national and regional conferences, congresses and workshops in the fields of technology, R&D, marketing, consulting, international markets, software, finance, promotional programmes, emission trading and networking. Venue: Stuttgart, Germany Energy Now Expo
Date: 13 - 14 February, 2013
Energy Now Expo is going to be held for two days and is going to bring the latest energy efficient farming technologies into public sphere. Farming requires a lot of energy and with the continuous escalation in energy costs there is always a need of energy efficient farming equipments in the farming industry. Venue: Telford, United Kingdom
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MANUFACTURING
Southern Manufacturing
Date: 13 - 14 February, 2013
Southern Manufacturing 2013 is the most comprehensive trade show for advanced manufacturing solutions, innovations and education. It is a platform dedicated exclusively to the function of assembling discrete parts into finished products. Venue: Farnborough, United Kingdom IETF Manufacturing
Date: 15 - 17 February, 2013
IETF Manufacturing is one of the biggest trade show for Manufacturing Industry. It will be held at Pragati Maidan from 15 to 17 Feb 2013. The Manufacturing pavilion at IETF 2013 aims to bring together a diverse cross section of stake holders in the Manufacturing industry from India and Oversesas While covering the following industry sectors; Manufacturing 2013 will have special focus Pavilions on Automation, Instrumentation, Technovation and innovation, Welding. Venue: New Delhi, India 21st Annual International Conference on ISO 9000 & QMS Date: 17 - 19 February, 2013 The twenty-first annual ISO 9000 Conference has been structured to provide a leading edge program, with presentations from corporate Executives and Management System experts, who are the world’s leading experts on QMS. The presentations are focused on: sector-specific implementation; general Management System topics; and real-life examples of integrating standards into a Management System. With an exciting, leading-edge program of topics and international speakers, this year’s conference provides an unparalleled opportunity to network and learn how to take your Quality Management System to the next generation. Venue: San Diego, United States Of America SudTec
Date: 26 - 28 February, 2013
SudTec will be a spectacular show, which will be concerned with the business and supplier services of various types of industries. The German show will facilitate the international and the national exhibitors with the excellent marketing of their products and services among the visitors. Venue: Stuttgart, Germany COMPOSITE EXPO
Date: 26 - 28 February, 2013
COMPOSITE EXPO - 2013 aims to establish new business contacts and partners relations. It features various composite technologies and materials used in different industries. It will serve as a platform for exhibitors to display their products and service to visitors from all around the world. Venue: Moscow, Russia
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CONSTRUCTION
DER HAUSLBAUER
Date: 01 - 03 February, 2013
Trade fair for building, renovation and energy conversation. The event will provides the opportunity to meet all the professionals form Building industry under one roof. The exhibition is ideal for home builders, buyers, corporate organizations and institutions. Venue: Klagenfurt, Austria Prefab & Energy Furth
Date: 02 - 03 February, 2013
Prefab and Energy Furth will take place in Furth, Germany for a period of two days. This international expo is unique and proves to be beneficial for the technical and leading experts related to different sectors like construction, renovation, energy saving and financing. Venue: Furth, Germany World of Concrete-USA
Date: 05 - 08 February, 2013
World Of Concrete is one of the chief construction and masonry industry trade events in America. Organized at the Las Vegas Convention Center, the World Of Concrete 2012 boasts of more than 50000 trade visitors at each of its editions. Venue: Las Vegas, United States Of America Topsides
Date: 05 - 07 February, 2013
Topsides event is one of the very important event in the history of world. It is a comprehensive technical program which is presented concurrently with an exhibition, Topsides Conference & Exhibition covers the design, engineering, construction, transportation, installation, and modification of topside structures, platforms and hulls. Venue: Galveston Island, United States Of America Haus Bau Messe - Hohenems
Date: 15 - 17 February, 2013
Haus Bau Messe Hohenems is one of the finest events dedicated to the construction and engineering sector in Germany. It serves the entire European market by providing local firms with the opportunity to reach out to a global set of clients and showcase their products and services on an international platform. Venue: Hohenems, Austria Bluebat
Date: 19 - 22 February, 2013
Bluebat is an international exhibition for building and construction industry. The event will provide best platform where 50,000 building professionals looking for their equipment. This leading trade show will be taking place between 19-22 Feb. Venue: Lyon, France
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SUPPLY CHAIN
Reverse Logistics Associations Conference & Expo Las Vegas Date: 12 - 14 February, 2013 Las Vegas a well known part of United States of America will host an event named as The Reverse Logistics Associations Conference& Expo. It will be held at the premises of The Rio Hotel and Casino. Technology Conservation Group will sponsor this event in Las Vegas. Venue: Las Vegas, United States Of America Logistics Date: 15 - 17 February, 2013 Logistics 2013 has given a new edge to the Indian logistics and transportation sector by availing them with the advanced and most efficient range of logistics equipments and material handling machineries. Venue: New Delhi, India LogiMAT
Date: 19 - 21 February, 2013
Logimat Expo showcases solutions for maximising the efficiency of material flow and computer-controlled processes from procurement to production and distribution. It offers a complete review of the market in everything to do with intralogistics. Venue: Stuttgart, Germany Cross-Country Vehicle
Date: 21 - 24 February, 2013
Cross Country Vehicle, an important exhibition will take place for a period of four days at Crocus Expo, international exhibition center. This event is designed to display advance qualities of snowmobiles, off road cars vehicles and different kinds of vehicles used in transportations. Venue: Moscow, Russia Ecsla Cold Chain Logistics Conference & Trade Show Date: 25 - 27 February, 2013 Ecsla Cold Chain Logistics Conference and Trade Show will take place in Brugge, Belgium for a period of three days. This international trade show is unique and different from others as it brings forward the significance of products and services related to cold storage and logistics industry. Venue: Brugge, Belgium
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FOOD & BEVERAGES Portland Seafood & Wine Festival
Date: 01 - 02 February, 2013
Portland Seafood and Wine Festival will be held for a period of two days in Portland, United States Of America. This international expo aims to bring into lime light the importance and value of various kinds of seafood products and wines. Venue: Portland, United States Of America Food Pack Asia
Date: 31 January - 03 February, 2013
Food Pack Asia will showcase the variety of food processing machinery including food packaging, food storage & more choices for food production process. This premier event will be taking place at the Bangkok International Trade & Exhibition Centre (BITEC) between 31 Jan to 03 Feb 2013. Venue: Bangkok, Thailand Canadian Dairy Expo
Date: 06 - 07 February, 2013
Canadian Dairy Expo is a national dairy showcase of Canada that will take place for two days in Stratford Rotary Complex. It is a livestock Industry Event that is a unique concept and will showcase the latest in technology and genetics for both dairy and pork producers. Venue: Stratford, Canada Feria Internacional Del Helado
Date: 05 - 07 February, 2013
Feria Internacional Del Helado offers a comprehensive range of ice cream manufacturing and dessert cooking equipments and products which are manufactured by applying advanced technologies. The exhibitors find this exhibition to be the perfect business meeting place where the exhibiting companies get an opportunity to establish themselves and create their own brand name. Venue: Guadalajara, Mexico FRESHCONEX
Date: 06 - 08 February, 2013
FreshConex is a three day ever promotional exhibition for fresh Produce Convenience Sector. This event is Germany’s leading trade fair for Agro & Fresh food Products industry, FreshConex is organized by Messe Berlin GmbH will be held at Messe Berlin between 06 to 08 Feb 2013. Venue: Berlin, Germany Milano Food & Wine Festival
Date: 09 - 11 February, 2013
Milano Food and Wine Festival will take place in Milano, Italy for a period of three days. This international event will prove to be advantageous for the wine producers as by attending this event they will get a scope to get acquainted all types of food and wine products and services. Venue: Milano, Italy
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Nov 2012
Industry Leaders Magazine