Tony Hawk turned down a $500,000 royalty check in his 20s — here’s why

When professional skateboarder Tony Hawk was approached by video gaming company Activision in the late 1990s, he was offered a $500,000 buy-out to put his name to one of its games. “As Activision started getting closer to release, they felt like they had a hit on their hands just in terms of the feedback they were getting from game magazines, ” Hawk told “The Brave Ones. ” “And so they offered me a flat buy-out of $500,000 for future royalties … I had never heard anyone speak the words ‘Half a m


When professional skateboarder Tony Hawk was approached by video gaming company Activision in the late 1990s, he was offered a $500,000 buy-out to put his name to one of its games. “As Activision started getting closer to release, they felt like they had a hit on their hands just in terms of the feedback they were getting from game magazines, ” Hawk told “The Brave Ones. ” “And so they offered me a flat buy-out of $500,000 for future royalties … I had never heard anyone speak the words ‘Half a m
Tony Hawk turned down a $500,000 royalty check in his 20s — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: lucy handley
Keywords: news, cnbc, companies, 20s, 500000, offered, check, getting, felt, activision, future, royalty, hawk, heres, tony, told, turned, buyout, words


Tony Hawk turned down a $500,000 royalty check in his 20s — here's why

When professional skateboarder Tony Hawk was approached by video gaming company Activision in the late 1990s, he was offered a $500,000 buy-out to put his name to one of its games.

But he turned it down.

“As Activision started getting closer to release, they felt like they had a hit on their hands just in terms of the feedback they were getting from game magazines, ” Hawk told “The Brave Ones. ” “And so they offered me a flat buy-out of $500,000 for future royalties … I had never heard anyone speak the words ‘Half a million dollars’ to me.”

Hawk’s instinct told him not to take the pay out. “It seemed unreal that anyone would offer that for the future of something that they don’t even know how it’s going to turn out,” he said.

“I think my saving grace of that was I had just bought a new house and it was almost paid for and I felt pretty comfortable with all my other income and other endorsements happening, that I thought, I could take a gamble on this piece.”


Company: cnbc, Activity: cnbc, Date: 2019-06-13  Authors: lucy handley
Keywords: news, cnbc, companies, 20s, 500000, offered, check, getting, felt, activision, future, royalty, hawk, heres, tony, told, turned, buyout, words


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How this Hong Kong CEO from a billionaire family is reinventing hotels for millennials

When Sonia Cheng became chief executive of Hong Kong-based Rosewood Hotel Group, she had a particular type of traveler in mind: herself. Cheng was 30 at the time when one of her family’s businesses, New World Hospitality Group, bought Rosewood from its Texan owner for $229.5 million in 2011, and appointed her CEO. She wanted to turn it into a brand that would appeal to affluent younger consumers. Having grown up in her family’s hotel business — the Chengs are worth an estimated $22.5 billion, ac


When Sonia Cheng became chief executive of Hong Kong-based Rosewood Hotel Group, she had a particular type of traveler in mind: herself. Cheng was 30 at the time when one of her family’s businesses, New World Hospitality Group, bought Rosewood from its Texan owner for $229.5 million in 2011, and appointed her CEO. She wanted to turn it into a brand that would appeal to affluent younger consumers. Having grown up in her family’s hotel business — the Chengs are worth an estimated $22.5 billion, ac
How this Hong Kong CEO from a billionaire family is reinventing hotels for millennials Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: lucy handley
Keywords: news, cnbc, companies, worth, billionaire, millennials, restaurant, hotel, familys, reinventing, hotels, group, ceo, rosewood, hong, cheng, younger, family, york, kong


How this Hong Kong CEO from a billionaire family is reinventing hotels for millennials

When Sonia Cheng became chief executive of Hong Kong-based Rosewood Hotel Group, she had a particular type of traveler in mind: herself.

Cheng was 30 at the time when one of her family’s businesses, New World Hospitality Group, bought Rosewood from its Texan owner for $229.5 million in 2011, and appointed her CEO. She wanted to turn it into a brand that would appeal to affluent younger consumers. Having grown up in her family’s hotel business — the Chengs are worth an estimated $22.5 billion, according to Forbes — she had traveled a lot and started her career as an investment banker in New York and Hong Kong.

“When I look at Rosewood, I see myself as a target customer. So, that makes it quite easy to kind of craft the experiences, because I would be looking at the lens of the millennial travelers,” she told CNBC’s “The Brave Ones. ”

When Rosewood took over management of the historic Hotel de Crillon in Paris in 2013, it spent four years renovating it, turning its Michelin-starred Les Ambassadeurs restaurant into a bar. At Rosewood Beijing, Cheng opened a Chinese hot pot restaurant, giving a traditional dish a high-end twist, aiming to “draw the crowd to the destination,” she said.


Company: cnbc, Activity: cnbc, Date: 2019-05-31  Authors: lucy handley
Keywords: news, cnbc, companies, worth, billionaire, millennials, restaurant, hotel, familys, reinventing, hotels, group, ceo, rosewood, hong, cheng, younger, family, york, kong


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Nike’s ‘inclusive’ image at risk if it fails women athletes, brand experts say

Running coach Mario Fraioli called the lack of maternity benefits for women athletes “one of athletics’ dirtiest secrets,” in a tweet. Meanwhile, Kelly Williams, managing director of consultancy Sports Revolution, believes that because most athletes are self-employed, paid maternity leave is not warranted. … (Women) don’t want to be different, just treated the same (and) we should not notice the difference between athletes,” she said in an email to CNBC. Taking a standThe controversy also raises


Running coach Mario Fraioli called the lack of maternity benefits for women athletes “one of athletics’ dirtiest secrets,” in a tweet. Meanwhile, Kelly Williams, managing director of consultancy Sports Revolution, believes that because most athletes are self-employed, paid maternity leave is not warranted. … (Women) don’t want to be different, just treated the same (and) we should not notice the difference between athletes,” she said in an email to CNBC. Taking a standThe controversy also raises
Nike’s ‘inclusive’ image at risk if it fails women athletes, brand experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: lucy handley
Keywords: news, cnbc, companies, told, issues, women, risk, company, social, york, fails, nike, say, athletes, long, nikes, inclusive, brand, image, experts, maternity


Nike's 'inclusive' image at risk if it fails women athletes, brand experts say

When Olympic athlete Alysia Montano took part in a race only one month away from having a baby, she became known as “the pregnant runner.” It was 2014 and she went on to win a national championship when her daughter was six months old, and another when she was 10 months old. But in an opinion piece and video published by the New York Times on Sunday, Montano said when she told one of her former sponsors, Nike, that she wanted to have a baby during her career, the sports giant told her it would pause her contract and stop paying her. This, she said, is at odds with commercials such as “Dream Crazier,” released by Nike in February, where Nike-sponsored tennis player Serena Williams is praised for “having a baby and then coming back for more,” and in which viewers are told: “Show them what crazy can do.”

Pregnant athlete Alysia Montano at the USA Field and Track Championship on June 26, 2014 in Sacramento, California Ezra Shaw | Getty Images

Nike has admitted that “a few” female athletes did previously have “performance-based reductions” in their fees, but last year it standardized its approach across all sports “so that no female athlete is penalized financially for pregnancy,” according to a statement emailed to CNBC. It said it is common industry practice for agreements to include performance-based payment reductions, but did not confirm to the Times if its change in approach is a contractual guarantee. Montano’s article has prompted much debate. Women’s rights campaigning organization Time’s Up tweeted that Nike “should be supporting safe and healthy pregnancies — not pushing people out or slashing benefits.” Running coach Mario Fraioli called the lack of maternity benefits for women athletes “one of athletics’ dirtiest secrets,” in a tweet. Meanwhile, Kelly Williams, managing director of consultancy Sports Revolution, believes that because most athletes are self-employed, paid maternity leave is not warranted. “I think there is more of a debate about keeping a ranking than getting paid. I think the movement in women’s sport and focus on equality is absolutely great. But would we give a male athlete maternity leave? … (Women) don’t want to be different, just treated the same (and) we should not notice the difference between athletes,” she said in an email to CNBC. “I own my own business and if I don’t work, I don’t get paid. I have to budget for babies and I have had three,” she added.

Taking a stand

The controversy also raises the question of whether brands should take a stand on social issues, as Nike has done in its advertising, or have their executives publicize opinions. “Consumers increasingly expect brands to have a voice in political and social conversations, and gender equality is among the top issues Americans want to see companies support,” according to Jeremy Robinson-Leon, president of New York based PR firm Group Gordon, in an email to CNBC. “However, the public won’t stand for lip service. When a company’s words and actions don’t add up, its reputation will inevitably take a hit.”

A Nike Ad featuring American football quarterback Colin Kaepernick is on diplay September 8, 2018 in New York City. Angela Weiss | AFP | Getty Images

Nike is not afraid of controversy: Shares in the company fell in September 2018 after it released an ad starring activist Colin Kaepernick. For Simeon Siegel, an analyst at Nomura Instinet, its willingness to make a stand has not dented long-term sales. “Nike has a long history of … controversy for good and bad … and that long history sits side by side with a long history of becoming the largest … apparel (and) footwear brand in the history of time,” he told CNBC by phone.

Ads vs reality

For Robinson-Leon, any company that pushes gender equality in its advertising but behaves differently in private risks its reputation. “Clearly, a brand like Nike that bills itself as a leader on social issues hurts its credibility by saying one thing publicly and doing another backstage. It’s illogical for the business and a disservice to the intended social impact. And, more broadly, it gives rise to an understandable cynicism on the part of the public that undermines the positive efforts of other responsible businesses,” Robinson-Leon said in an email to CNBC. Other companies have been tripped up by how their public behavior contrasts with their advertising — United Airlines’ “Fly the friendly skies” was mocked on social media after a man was forcibly removed from a flight in 2017. But almost a year later, parent company United Continental Holdings posted its fifth consecutive year of profits.

Nike and women

“Dream Crazier,” from February, and “Dream with Us,” released on Mother’s Day to promote Nike’s sponsorship of teams playing in the 2019 FIFA Women’s World Cup, are part of the company’s strategy to grow its U.S. business by focusing on women. The debate over maternity pay is not likely to dent sales to women, according to Siegel. “The reality is Nike(‘s)… marketing and their messaging is also inclusive … I believe that as long as they are not putting their head in the sand we are unlikely to see a sales miss,” he told CNBC by phone.

Nike President and CEO Mark Parker speaks during the 2016 Nike New Innovations Debut at Skylight at Moynihan Station on March 16, 2016 in New York City. Mike Pont | WireImage | Getty Images

Siegel added that Nike has been fast to deal with problems as it became aware of them. A year ago, the company saw an exodus of executives amid accusations of harassment and discrimination, and an apology from CEO Mark Parker who said the company would change its culture. “Nike, generally speaking, over the past year has actually sought to get ahead of issues presumably as they became aware of them,” Siegel said. “Rather than being called into question and then fixing the business, Nike during the worst of it aired their own dirty laundry. It’s always fair to challenge why there was dirty laundry in the first place, but on a relative scale the fact that the company has moved fast to at least try to make change and correct is worthy of note,” he told CNBC by phone. “From an investing perspective right now, the company continues to grow healthfully which means from a consumer perspective people are still buying their products en masse.”


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: lucy handley
Keywords: news, cnbc, companies, told, issues, women, risk, company, social, york, fails, nike, say, athletes, long, nikes, inclusive, brand, image, experts, maternity


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Burger King takes on McDonald’s with a range of ‘unhappy’ meals

That’s the message Burger King is trying to communicate with a lineup of burger meals focused on “real” moods to help raise awareness about mental health. To get the deal, customers had to download the Burger King app on their phones. Burger King is trying a vegetarian Whopper, while McDonald’s added a meatier burger to its breakfast menus in October. Burger King, which is owned by Restaurant Brands International, has partnered with Mental Health America for the campaign. The limited-edition Bur


That’s the message Burger King is trying to communicate with a lineup of burger meals focused on “real” moods to help raise awareness about mental health. To get the deal, customers had to download the Burger King app on their phones. Burger King is trying a vegetarian Whopper, while McDonald’s added a meatier burger to its breakfast menus in October. Burger King, which is owned by Restaurant Brands International, has partnered with Mental Health America for the campaign. The limited-edition Bur
Burger King takes on McDonald’s with a range of ‘unhappy’ meals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: lucy handley
Keywords: news, cnbc, companies, range, meal, whopper, happy, thats, health, mcdonalds, mental, takes, unhappy, king, meals, burger


Burger King takes on McDonald's with a range of 'unhappy' meals

No one is happy all the time. That’s the message Burger King is trying to communicate with a lineup of burger meals focused on “real” moods to help raise awareness about mental health. Timed to Mental Health Awareness Month in May, the “Real Meals” include the Blue Meal, Salty Meal, Yaaas Meal and DGAF (Don’t Give a F—) Meal. They include a Whopper, french fries and a drink. “Burger King restaurants understands that no one is happy all the time. That’s why they’re asking guests to order a Whopper meal based on however they might be feeling,” an online release says.

The effort also pokes fun at McDonald’s, which markets Happy Meals, boxed kids’ deals that include a toy. Burger King launched an ad on YouTube showing a montage of people in various emotional states, using the line: “No one is happy all the time. And that’s OK.” The ad swaps Burger King’s well-known chorus from the 1970s, “Have it your way,” with “Feel your way.” The music also has been changed to be more authentic to the idea that people can have a range of feelings. This isn’t the first time Burger King has teased McDonald’s. In December, it sold its trademark Whopper for 1 cent. To get the deal, customers had to download the Burger King app on their phones. Then when they went within 600 feet of any of more than 14,000 McDonald’s restaurants, the app used geolocation technology to “unlock” the Whopper-for-a-penny deal.

The fast-food competitors have also launched rival promotions at similar times and tweak their menus to stay on top of trends. Burger King is trying a vegetarian Whopper, while McDonald’s added a meatier burger to its breakfast menus in October. Burger King, which is owned by Restaurant Brands International, has partnered with Mental Health America for the campaign. The group’s president and chief executive, Paul Gionfriddo, said: “While not everyone would think about pairing fast food and mental health, MHA believes in elevating the conversation in all communities in order to address mental illness Before Stage 4 (when someone has severe symptoms).” “By using its internationally-known reputation to discuss the importance of mental health, Burger King is bringing much-needed awareness to this important and critical discussion — and letting its customers know that is OK to not be OK.” On Monday, Burger King reported a same-store quarterly sales increase of 2.2 percent. It said that price hikes on its nuggets and the reintroduction of its spicy chicken nuggets helped sales, but parent company Restaurant Brands International saw adjusted earnings of 55 cents per share, falling short of estimates of 58 cents per share. McDonald’s latest quarterly earnings, issued Tuesday, beat estimates, with earnings of $1.78 per share, versus an expected $1.75. It said a range of promotions and an investment in self-serve kiosks and other technology helped it beat expectations, though it noted that tech spending will mean higher expenses this year. The limited-edition Burger King meals will be available in Seattle, Miami, Los Angeles, New York City and Austin, Texas, while supplies last.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: lucy handley
Keywords: news, cnbc, companies, range, meal, whopper, happy, thats, health, mcdonalds, mental, takes, unhappy, king, meals, burger


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Walmart is testing ways to trim the size of its store management staff

An employee welcomes customers at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Thursday, Nov. 16, 2017. Walmart is testing out a new employee structure within its stores in an attempt to cut down the size of its store management staff. Walmart will have its workers, ranked assistant store managers and department managers apply the positions, which are structured as management teams. Current managers also need to apply for new roles such as business leads, team leads and acade


An employee welcomes customers at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Thursday, Nov. 16, 2017. Walmart is testing out a new employee structure within its stores in an attempt to cut down the size of its store management staff. Walmart will have its workers, ranked assistant store managers and department managers apply the positions, which are structured as management teams. Current managers also need to apply for new roles such as business leads, team leads and acade
Walmart is testing ways to trim the size of its store management staff Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: nadine el-bawab, lucy handley
Keywords: news, cnbc, companies, walmart, size, team, ways, stores, testing, trim, workers, leads, management, managers, business, staff, structure, store, labor


Walmart is testing ways to trim the size of its store management staff

An employee welcomes customers at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Thursday, Nov. 16, 2017.

Walmart is testing out a new employee structure within its stores in an attempt to cut down the size of its store management staff.

The nation’s biggest employer is looking to see if it can have fewer mid-level store managers overseeing workers, with these managers seeing both their responsibilities and their pay increase.

Walmart has been trying to trim its labor costs, but still needs to retain workers and attract talent in a tight labor market.

The new structure is already in place at 75 of its stores, and will be expanding to departments across 50 other supercenter locations over the next month.

Walmart will have its workers, ranked assistant store managers and department managers apply the positions, which are structured as management teams. Current managers also need to apply for new roles such as business leads, team leads and academy trainers. And the new plan will provide lower-ranking staffers with training, additional support from their managers and better recognition for good work.

Store managers will remain on the top of the structure, with newly created “business leads” ranked under them and “team leads” next in the hierarchy. Business lead salaries will be 10% higher than what assistant store managers currently make and team leads will receive a starting salary of $18 an hour.

These changes come after Walmart has endured decades of criticism from labor rights activists and lawsuits tied to its treatment of workers.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: nadine el-bawab, lucy handley
Keywords: news, cnbc, companies, walmart, size, team, ways, stores, testing, trim, workers, leads, management, managers, business, staff, structure, store, labor


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Apple joins French firms in pledging millions to rebuild Notre Dame after fire

Francois-Henri Pinault, whose Artemis holding company owns a controlling stake in Kering, pledged 100 million euros ($113 million), while Bernard Arnault, chair of LVMH, gave 200 million euros. French energy company Total will also contribute 100 million euros, its CEO Patrick Pouyanne said Tuesday, Reuters reported, while consulting firm Capgemini will donate 1 million euros, it said in an online statement. French outdoor advertising group, JCDecaux, pledged 20 million euros to rebuilding effor


Francois-Henri Pinault, whose Artemis holding company owns a controlling stake in Kering, pledged 100 million euros ($113 million), while Bernard Arnault, chair of LVMH, gave 200 million euros. French energy company Total will also contribute 100 million euros, its CEO Patrick Pouyanne said Tuesday, Reuters reported, while consulting firm Capgemini will donate 1 million euros, it said in an online statement. French outdoor advertising group, JCDecaux, pledged 20 million euros to rebuilding effor
Apple joins French firms in pledging millions to rebuild Notre Dame after fire Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: lucy handley, isabel soisson, philippe lopez, afp, getty images
Keywords: news, cnbc, companies, rebuild, firms, pledged, group, notre, joins, million, franceklm, ceo, air, company, french, dame, euros, millions, france, pledging, apple


Apple joins French firms in pledging millions to rebuild Notre Dame after fire

French companies including L’Oreal and luxury groups LVMH and Kering have pledged millions of euros to help rebuild Notre Dame Cathedral in Paris after it was severely damaged in a fire Monday night.

Francois-Henri Pinault, whose Artemis holding company owns a controlling stake in Kering, pledged 100 million euros ($113 million), while Bernard Arnault, chair of LVMH, gave 200 million euros. Kering owns labels such as Gucci, Saint Laurent and Alexander McQueen, while LVMH’s star brands include Louis Vuitton, Christian Dior and Moet & Chandon champagne.

“This tragedy is striking all the French people, and beyond that, all those attached to spiritual values. Faced with this tragedy, everyone wishes to give life back to this jewel of our heritage as soon as possible,” Pinault, chair of Artemis said in a statement.

Meanwhile, cosmetics group L’Oreal and its majority shareholder the Bettencourt Meyers family and the Bettencourt Schueller foundation said they would donate 200 million euros, according to a Reuters report.

French energy company Total will also contribute 100 million euros, its CEO Patrick Pouyanne said Tuesday, Reuters reported, while consulting firm Capgemini will donate 1 million euros, it said in an online statement.

In addition to these companies, Marc Ladreit de Lacharriere, CEO of Fimalac, an investment group focused on digital media and real estate, pledged 10 million euros, according to a Reuters report.

French outdoor advertising group, JCDecaux, pledged 20 million euros to rebuilding efforts while financial services company Societe Generale pledged 10 million euros. The IT services group, Capgemini pledged 1 million euros.

Supermarket and retail company Groupe Casino said that its Franprix and Monoprix stores would implement price-rounding operations to help support foundations aiding with the repairs, Reuters reported.

Air France and Air France-KLM also pledged their support to the rebuilding of Notre Dame.

In a joint statement from the airlines, the company said that “All Air France and Air France-KLM teams around the world have been deeply affected and saddened since yesterday.”

This is why Benjamin Smith, CEO of Air France-KLM, with Anne-Marie Couderc, chairman of Air France-KLM, and Anne Rigail, CEO of Air France have decided that the company will provide free transport for all official partners involved in reconstructing the famed cathedral. In addition to this, the Air France-KLM group will be setting up a voluntary donations fund for its customers to help finance these efforts.

Tim Cook, CEO of Apple tweeted on Tuesday morning that the company will be donating to the rebuilding efforts to help restore Notre Dame as well.

Apple didn’t immediately return a call seeking additional information about the donation.

LVMH added that it would give France access to its creative, architectural and financial experts to assist in the reconstruction.

Construction group Vinci called on all building companies in France to work together to repair Notre Dame in an “industry-wide skills sponsorship drive,” according to a press release from the company. Bouygues Group said they would join this skills sponsorship while Martin Bouygues, who oversees a telecoms to construction conglomerate, tweeted on behalf of himself and his brother Olivier, pledging to donate 10 million euros.

“The Arnault family and the LVMH Group, in solidarity with this national tragedy, are committed to assist with the reconstruction of this extraordinary cathedral, symbol of France, its heritage and its unity,” LVMH said in a statement on its website on Tuesday.

Notre Dame is one of the most famous landmarks in Paris, attracting millions of tourists each year. The 850-year-old building was being renovated and French officials said the cause of the fire could be related.


Company: cnbc, Activity: cnbc, Date: 2019-04-16  Authors: lucy handley, isabel soisson, philippe lopez, afp, getty images
Keywords: news, cnbc, companies, rebuild, firms, pledged, group, notre, joins, million, franceklm, ceo, air, company, french, dame, euros, millions, france, pledging, apple


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Social media firms told not to let children use the ‘like’ button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we


“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we
Social media firms told not to let children use the ‘like’ button in new UK proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, used, uk, techniques, online, media, told, services, privacy, data, ico, children, button, social, let, firms, proposals, users


Social media firms told not to let children use the 'like' button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added.

“Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. Or spend more time than they intend on a particular service.”

Using such techniques are “based on the exploitation of human psychological bias” and go against the General Data Protection Regulation (GDPR), a European data law that came into effect in May 2018, the ICO says.

It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as well as attract advertising. For example, Snapchat’s new ad-supported gaming platform was welcomed by advertisers as a way to increase the time spent on the app when parent company Snap announced new functions earlier this month.

The ICO’s document also makes the case for social media firms to have location options off by default when children are using their apps, as well as make their services “high privacy” by default. The ICO also published research showing that teenagers would prefer higher privacy settings. “Everything should be set to private and then you can change it for what you want to share,” one teen said.

Under the U.K.’s Data Protection Act 2018, the ICO is required to produce a code of practice for online firms to follow when designing for children, including services that are likely to process their personal data. Companies that break the law face fines of up to £17 million ($22.3 million), or 4 percent of global turnover.

The draft code of practice is out for consultation until May 31 and is expected to come into effect before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, used, uk, techniques, online, media, told, services, privacy, data, ico, children, button, social, let, firms, proposals, users


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As the final season of ‘Game of Thrones’ begins, here’s what the brands are doing

HBO just dropped the first episode of the eighth and final season of “Game of Thrones” and with it comes a host of brand promotions. From branded makeup to sneakers, fans can grab their own piece of the Seven Kingdoms. Here’s a look at some of them.


HBO just dropped the first episode of the eighth and final season of “Game of Thrones” and with it comes a host of brand promotions. From branded makeup to sneakers, fans can grab their own piece of the Seven Kingdoms. Here’s a look at some of them.
As the final season of ‘Game of Thrones’ begins, here’s what the brands are doing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley
Keywords: news, cnbc, companies, piece, final, brands, host, makeup, heres, seven, look, kingdomsheres, promotions, game, doing, season, sneakers, thrones, begins


As the final season of 'Game of Thrones' begins, here's what the brands are doing

HBO just dropped the first episode of the eighth and final season of “Game of Thrones” and with it comes a host of brand promotions. From branded makeup to sneakers, fans can grab their own piece of the Seven Kingdoms.

Here’s a look at some of them.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley
Keywords: news, cnbc, companies, piece, final, brands, host, makeup, heres, seven, look, kingdomsheres, promotions, game, doing, season, sneakers, thrones, begins


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Social media firms told not to let children use the ‘like’ button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we


“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we
Social media firms told not to let children use the ‘like’ button in new UK proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, social, ico, users, proposals, told, firms, data, uk, children, services, online, used, techniques, privacy, media, button, let


Social media firms told not to let children use the 'like' button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added.

“Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. Or spend more time than they intend on a particular service.”

Using such techniques are “based on the exploitation of human psychological bias” and go against the General Data Protection Regulation (GDPR), a European data law that came into effect in May 2018, the ICO says.

It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as well as attract advertising. For example, Snapchat’s new ad-supported gaming platform was welcomed by advertisers as a way to increase the time spent on the app when parent company Snap announced new functions earlier this month.

The ICO’s document also makes the case for social media firms to have location options off by default when children are using their apps, as well as make their services “high privacy” by default. The ICO also published research showing that teenagers would prefer higher privacy settings. “Everything should be set to private and then you can change it for what you want to share,” one teen said.

Under the U.K.’s Data Protection Act 2018, the ICO is required to produce a code of practice for online firms to follow when designing for children, including services that are likely to process their personal data. Companies that break the law face fines of up to £17 million ($22.3 million), or 4 percent of global turnover.

The draft code of practice is out for consultation until May 31 and is expected to come into effect before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, social, ico, users, proposals, told, firms, data, uk, children, services, online, used, techniques, privacy, media, button, let


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‘Amazon is a threat’ but Ikea’s digital chief says she has a plan

Around the same time as Barbara Martin Coppola joined Ikea Group as its Chief Digital Officer in April 2018, the company announced a transformation of its business model. The world’s largest furniture retailer was facing a problem: it hadn’t been keeping up with the digital world. Almost 10 percent of Ikea sales are online, Brodin told CNBC in January. Martin Coppola is tasked with leading the digital transformation of Ikea, with a brief from Brodin to “change everything almost.” Her team manage


Around the same time as Barbara Martin Coppola joined Ikea Group as its Chief Digital Officer in April 2018, the company announced a transformation of its business model. The world’s largest furniture retailer was facing a problem: it hadn’t been keeping up with the digital world. Almost 10 percent of Ikea sales are online, Brodin told CNBC in January. Martin Coppola is tasked with leading the digital transformation of Ikea, with a brief from Brodin to “change everything almost.” Her team manage
‘Amazon is a threat’ but Ikea’s digital chief says she has a plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: lucy handley, gabriel bouys, getty images
Keywords: news, cnbc, companies, plan, company, chief, told, stores, furniture, online, coppola, amazon, transformation, brodin, digital, threat, ikeas, ikea


'Amazon is a threat' but Ikea's digital chief says she has a plan

Around the same time as Barbara Martin Coppola joined Ikea Group as its Chief Digital Officer in April 2018, the company announced a transformation of its business model. The world’s largest furniture retailer was facing a problem: it hadn’t been keeping up with the digital world.

Customers were no longer completely happy to drive to its out-of-town stores to buy flat-pack furniture, and it was at a point where it was “less business as usual than we have experienced in the past,” chief executive Jesper Brodin told the FT in April 2018. Brodin revealed plans to transform Ikea into a “multi-channel” brand, where people could shop online and in city-centers as well as in big-box stores, as part of a strategy shift running from 2019 to 2021. Almost 10 percent of Ikea sales are online, Brodin told CNBC in January.

Martin Coppola is tasked with leading the digital transformation of Ikea, with a brief from Brodin to “change everything almost.”

“It’s a huge revamp with a lot of ambition and dreams to get the values and feeling of Ikea to be solved in a digital way. And to also create this, what I call the ‘phygital’ new world, so you’ve got physical and digital … and to be creating really magical new experiences,” she told CNBC by phone. Her team manages Ikea’s website, in-store digital initiatives and all the technology the company uses, such as for supply chains, data and marketing.


Company: cnbc, Activity: cnbc, Date: 2019-03-21  Authors: lucy handley, gabriel bouys, getty images
Keywords: news, cnbc, companies, plan, company, chief, told, stores, furniture, online, coppola, amazon, transformation, brodin, digital, threat, ikeas, ikea


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