BOONE | Jotup

iPipeline Appoints First-Ever Chief Product Officer to Accelerate Innovation and Support Strategic Growth

Retrieved on:

Thursday, May 9, 2024

Professional Services, Data Management, Technology, Insurance, Software, Finance, Fintech, Health, Profit, Loss, Acquisition, Kahl, BGA, Growth, Management

Katie Kahl comments on her appointment: “I’m thrilled to be joining a company that I’ve respected for so long, and one that has such a broad footprint across the life insurance, annuities, and wealth management industries. iPipeline is determined to continue to transform the platform for life insurance, annuities, and wealth spaces so that customers across those industries can tap the full potential of the digital age -- and that they have the resources, unmatched end-to-end technology, and the insider understanding to do just that. I’m excited to play a key role in driving iPipeline’s growth, and I look forward to building digital solutions that help our customers grow, solve their automation problems, and position them for success.”

Key Points:

iPipeline ®, a leading provider of digital solutions for the life insurance and wealth management industries, today announces the appointment of veteran insurance technology product leader, Katie Kahl, to develop and execute product strategies as the company’s first Chief Product Officer.
Before joining iPipeline, Kahl spent eight years at insurtech, Applied Systems, where she led the digital transformation of its flagship product suite, successfully scaling its platform.
Pat O’Donnell, CEO at iPipeline comments: “It’s an incredible milestone for iPipeline to bring on such an enterprising product leader as Katie as our very first Chief Product Officer.
Katie has an impressive track record of inspiring teams in large technology companies to push the boundaries of product innovation.

Bespoke Partners Achieves Record Commercial Results, Launches Alliances Program and Leader Community to Boost Value Creation for Clients

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Tuesday, May 7, 2024

Consulting, Professional Services, Technology, Software, Human Resources, Partner, Heart, Depression, Partnership, Software as a service, Private equity, NPS, GMS, Senior, Record, Benchmarking, Bespoke, Growth, Management

Bespoke Partners, the largest retained executive search firm for software and SaaS companies , today announced commercial performance in the first quarter that exceeded all targets and the launch of its private equity-focused Alliances Program and the Bespoke Leader Community.

Key Points:

Bespoke Partners, the largest retained executive search firm for software and SaaS companies , today announced commercial performance in the first quarter that exceeded all targets and the launch of its private equity-focused Alliances Program and the Bespoke Leader Community.
Even though deal flow remains depressed, we handily beat all our commercial targets in first quarter and are on the path to another record year,” said Eric Walczykowski, CEO of Bespoke Partners.
“Value creation needs to start immediately to put the portfolio company on the path to achieving an investment thesis.
Also in the first quarter, Bespoke launched its Bespoke Leader Community, a peer network of senior executives the firm has placed.

Orion Group Holdings Reports First Quarter 2024 Results

Retrieved on:

Wednesday, April 24, 2024

Loan, Central Time, FCCR, Conference, Artificial intelligence, Orion, LNG, Pearl Harbor, Consolidated, Adjustment, Concrete

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024.

Key Points:

HOUSTON, April 24, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the first quarter ended March 31, 2024.
First quarter 2024 net loss included $2.1 million ($0.07 diluted income per share) of non-recurring items.
Orion Group Holdings will host a conference call to discuss results for the first quarter 2024 at 9:00 a.m. Eastern Time/8:00 a.m. Central Time on Thursday, April 25, 2024.
To participate, please call (844) 481-2994 and ask for the Orion Group Holdings Conference Call.

iPipeline Hires Technology Industry Veteran Adam Boone as New CFO to Accelerate Strategic Growth

Retrieved on:

Thursday, April 25, 2024

Professional Services, Data Management, Technology, Insurance, Software, Finance, Fintech, Digital technology, Financial management, Partnership, OLX, FP, Pension, Growth, Management

Boone will play a critical role in advancing the company’s strategic operating initiatives, including spearheading plans for sustained financial growth.

Key Points:

Boone will play a critical role in advancing the company’s strategic operating initiatives, including spearheading plans for sustained financial growth.
In his 17-year-plus career, Boone has built an impressive track record of building and managing global finance functions and cultivating high-performing teams at high-growth technology companies.
Pat O’Donnell, CEO at iPipeline comments: “We could not be more pleased to welcome such an accomplished financial executive to the iPipeline team.
Daphne Thomas, COO at iPipeline comments: “Adam could not be better suited to lead our financial team through this next phase of growth.

A new measure of firm-level competition: an application to euro area banks

Retrieved on:

Thursday, April 18, 2024

Glass, RPD, Journal of Economic Perspectives, Goldberg, Employment, Lead, Competition, SCP, Research Papers in Economics, TCF, Intuition, Laboratory, Euromoney, Bank of Canada, Calendar, International political economy, Manufacturing, Oxford Economic Papers, Harvard University Press, Paper, Linearity, R2, Environment, Delicatessen, System, Website, Panzar, Working paper, World Bank, Elzinga, Friends, Madiga, CPB, Investment, Lerner index, Statistics, Croatian National Bank, PDF, Elsevier, ECB, Industrial organization, Policy, Social science, JEL, Operations research, Internet, Journal, Research, Literature, European Central Bank, Journal of Economic Surveys, MRP, Commercial, Section 5, Financial intermediary, Ministry of Social Affairs, Elasticity, National bank, Government, Developed country, Cell, Tarazi, Wealth, Publishing, Springer Nature, Prudential, Marketing, Law, The Economic Journal, Lerner, L16, Business economics, OECD, International Monetary Fund, Section 4, Database, Section 3, Krieger, EMU, Section 2, Pressure, Central bank, Economics Letters, Bank, Jorgenson, Character, Sparkassen-Finanzgruppe, Life, EDS, American Economic Review, K2, Appendix, Applied economics, CEE, Palgrave Macmillan, Livret A, Bell Labs, GDP, Part, Country, Public policy, De Economist, Management, Publication, Motivation, Cooperative, Reproduction, IMF, Edward Elgar Publishing, Housing, Handbook, G21, Real estate

Abstract

Key Points:

Abstract
This paper extends Boone (2008) by introducing a competition measure at the individual
firm level rather than for an entire market segment.
We apply this extended Boone indicator to individual bank-level competition
in the loan market in the four largest euro area countries and Austria.
Our new measure of firm-level competition enriches and complements
other competition measures and provides a promising starting point for future market
power analyses.
The only measure among non-structural measures that is based on the
concept of competition as a process of rivalry is the Boone (2008) indicator.
We introduce
a new performance measure of competition by extending the Boone indicator to the
individual firm level.
Introduction
The ability to reliably measure competition is valuable to researchers, analysts, and
policymakers, especially antitrust authorities, financial supervisors, and central banks.
One broad
category of indicators often used to measure competition are structural competition
measures, such as static concentration measures, and dynamic measures, e.g., entry and
exit rates.
Out of these measures, the only measure based on the
concept of competition as a process of rivalry is the Boone indicator.
This study introduces a new performance measure of competition by extending the
Boone indicator to the individual firm level.
It thus measures the
increase in profits in percent of one percentage point increase in efficiency, with marginal
costs as measure of efficiency.
We extend the theoretical
underpinning of the measurement of competition for the entire market of Boone (2008) by
a new measure of individual firm-level competition.
A concern of the literature is the gap
between the practical application and the theoretical framework of Boone (2008).
We introduce within the same theoretical
framework a new measure of competition on firm level, the MRP.
Our new
measure significantly augments the antitrust evaluative framework by shedding light on
whether a merger results in a less competitive market.
Our novel indicator focuses on
firms? incentives to enhance their relative efficiency, as manifested in the elasticity
between relative profits and efficiency.
However, an inefficient firm that is foreclosed could be more
competitive than the larger efficient firm that relies on its scale economies.
Our new metric of competition unveils
banks? ability to influence their profitability in the short term by cutting costs relative to
their peers.
The new MRP indicator provides the ability to assess the impact
of individual banks? competitiveness on their interest rate-setting behaviour in loan
markets.
Incorporating this information promises a more refined understanding of the impact and
timing of monetary policy rates changes on the real economy.
Section 3 introduces within the Boone
(2008) theoretical framework our new measure of individual firm-level competition,
including the interpretation of the MRP.
Section 4 provides an application of our new
ECB Working Paper Series No 2925
6

individual firm-level competition measure to the loan market.
The StructureConduct-Performance paradigm (SCP) provides a traditional framework in the field of
industrial organization for analysing competition behaviour in markets.
Concentrated
markets ease the possibilities to collude implicitly or explicitly and therefore concentrated
markets result in higher prices and profits.
For example, a tougher competition
setup may lead to a reallocation of market shares, potentially forcing some firms to exit
the market.
This approach gives firms? strategic behaviour
central stage and focuses on the strategic interaction on prices and quantities, known as
conjectural variation.
Another measure from
this strand of literature is the H-statistic developed by Panzar and Rosse (1987).
The only competition measure from this performance literature where competition is the
outcome from a process of rivalry is the Boone indicator.
A continuous and monotonically increasing relationship exists between
RPD and the level of competition if firms are ranked by decreasing efficiency.
(2013) compare the Boone indicator with the price-cost margin
and conclude that the profit elasticity is a more reliable measure of competition.
The high
elasticity of profits to efficiency unequivocally indicates that the high market shares and
therefore high profits are due to high efficiency.
A firm that quickly passes changes to the input prices is seen as a price
taker with little market power.
Indicators of competition tend to measure different phenomenon and may provide
conflicting messages, as reported for European banking by Carbo et al.
Application 2: Test the ?quiet life? and related market structure hypotheses using the
MRP as competition or market structure measure.
Data
Our application to individual bank-level competition in the euro area loan market uses
balance sheet and income statement data from the Moody?s Analytics BankFocus for the
calendar years 2013-2020.
As such, most publications
on competition in the euro area includes the largest four member states.
Due to these restrictions the database was reduced to an unbalanced panel of up to 1862
banks (depending on the year) from five euro area countries.
Application 1: Measure bank competition using MRP
Looking at the distribution of the MRP for individual banks (Fig.
A similar finding for the four largest euro area countries as a group is
reported in Carbo et al.
Application 2: Test of market structure hypotheses using MRP
Our new measure of individual-bank competition can be used to test market structure
theories.
Euro area banks? market power,
lending channel and stability: the effects of negative policy rates, European Central Bank
Working Paper, 2790 (February).
A
new approach to measuring competition in the loan markets of the euro area, Applied
Economics, 43 (23), 3155?3167.
Impact of bank competition on the interest rate pass-through in the euro area, Applied
Economics, 45 (11), 1359?1380.

Presidential-Owned Firearms from Roosevelt and Ford Up for Auction

Retrieved on:

Wednesday, April 3, 2024

Firearm, Sturm, Ruger & Co., Republican, Bison, Committee, Gold, Sale, Ford, Winchester Model 21, Pinnacle, Auction, RIAC, Collection, Animal

BEDFORD, Texas, April 3, 2024 /PRNewswire/ -- Rock Island Auction Company (RIAC) will offer a historic and rare selection of firearms once owned by Presidents Roosevelt and Ford at its May Premier Auction, scheduled for Friday, May 17 through Sunday, May 19 in Bedford, TX. The impressive array will feature a percussion rifle from President Theodore Roosevelt's collection and five remarkable sporting arms owned by President Gerald R. Ford, Jr.

Key Points:

President Ford was also presented with a factory-engraved game scene pair of Browning Model 1885 single-shot rifles.
These presidential firearms are just a glimpse into the 2,100 lots featured at RIAC's May Premier Auction.
After the grand opening of RIAC's Bedford facility in December of 2023, the world's number one firearms auction house is pleased to host its first premier auction of 2024.
For additional information on Rock Island Auction Company and other highlights of the May event, visit: www.rockislandauction.com .

Orion Group Holdings Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Wednesday, February 28, 2024

White oak, Pearl Harbor, Sale, Conference, Concrete, Orion, Central Time

HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023.

Key Points:

HOUSTON, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today reported its financial results for the fourth quarter and full year ended December 31, 2023.
Fourth-quarter 2023 adjusted EBITDA was $14.8 million or a 7.3% adjusted EBITDA margin--a significant year-over-year improvement from fourth quarter 2022 adjusted EBITDA of $3.2 million or an adjusted EBITDA margin of 1.6%,” said Travis Boone, CEO of Orion Group Holdings.
EBITDA for the fourth quarter of 2023 was $6.5 million, representing a 3.2% EBITDA margin, as compared to EBITDA of $2.2 million, or a 1.1% EBITDA margin in the fourth quarter last year.
Orion Group Holdings will host a conference call to discuss results for the fourth quarter and full year 2023 at 9:00 a.m. Eastern Time/8:00 a.m. Central Time on Thursday, February 29, 2024.

SDG&E UNVEILS FOUR ADVANCED MICROGRIDS TO BOOST GRID RESILIENCE AND RELIABILITY

Retrieved on:

Tuesday, February 13, 2024

SAN, Innovation, Kilowatt-hour, Madison High School, Public utilities commission, Cell, CAISO, LFP, Climate change, SDG&E, School, SDG, State, Boulevard, Motion, Fire station, Renewable energy

SAN DIEGO, Feb. 13, 2024 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) unveiled four new microgrids featuring advanced remote operation capabilities and state-of-the-art safety technologies to help enhance grid reliability and bolster resiliency for the surrounding communities.

Key Points:

SAN DIEGO, Feb. 13, 2024 /PRNewswire/ -- San Diego Gas & Electric (SDG&E) unveiled four new microgrids featuring advanced remote operation capabilities and state-of-the-art safety technologies to help enhance grid reliability and bolster resiliency for the surrounding communities.
The ability to remotely operate microgrids offers real-time monitoring, faster response to grid events, more efficient energy storage management, and enhanced grid resilience designed to help, optimize overall performance, reliability, and sustainability.
These systems utilize lithium iron phosphate (LFP) battery cells and have advanced safety and fire prevention features.
"These microgrids will actively dispatch clean energy to the grid when needed and help improve energy resiliency for critical facilities like fire stations, schools, and cooling centers in San Diego."

Dexory to Re-define North American Logistics and Warehousing Technology Market

Retrieved on:

Monday, February 5, 2024

Dexory , a leading provider of cutting-edge AI and robotics solutions, has announced its strategic expansion into the North American market.

Key Points:

Dexory , a leading provider of cutting-edge AI and robotics solutions, has announced its strategic expansion into the North American market.
To lead the expansion, Todd Boone has joined the team as its Head of North American business.
As part of the expansion, Dexory has appointed Todd Boone to lead its North American business.
“The opportunity to lead Dexory’s expansion into the North American market comes at an exciting time for the industry.

Haig Partners Serves as the Exclusive Sell-Side Advisor to Team Automotive Group on the Sale of Team Chevrolet GMC Boone, NC

Retrieved on:

Tuesday, January 9, 2024

Haig Partners LLC , the leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Team Automotive Group on the sale of Team Chevrolet GMC Boone to Keffer Automotive Group of Charlotte, NC.

Key Points:

Haig Partners LLC , the leading buy-sell advisory firm to higher-value auto dealers, served as the exclusive sell-side advisor to Team Automotive Group on the sale of Team Chevrolet GMC Boone to Keffer Automotive Group of Charlotte, NC.
Team Automotive Group is a family-owned dealership group headquartered in Charlotte, NC, with locations throughout the Carolinas.
In addition to Team Chevrolet GMC Boone, John advised us on divesting Team Chevrolet of Creedmoor, NC, late in 2023.
"I would also like to extend a sincere thank you to Jim Keffer and Keffer Automotive for making this such a smooth transition for the Team Chevrolet GMC Boone team.