Industry leaders magazine september 2013 issue

Latest news and trends from around the globe in the fields of F & B, Energy, Manufacturing, Construction and Supply Chain

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September 2013

Celebrity Vacation Islands 10 Qualities That Make A Leader

Microsoft to buy Nokia’s mobile devices business for $7.2 billion Tesla - Driving The Green Revolution

The World of

BILLIONAIRES

August 2013

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Editor’s Blog

by Anna Domanska

About 1500 individuals in the world claim to own a net worth of at least one billion units of a given currency. These are Billionaires who made it to the list after years of perseverence and hard work. The cover story includes one such list of worlds top Billionaires and their business interests.

Another interesting story this month is ‘Celebrity vacation islands’. The realm of luxury travel is one that experiences constant evolution and has in the last few years, turned out to be a major means of revenue generation for both local governments as well as corporations. Long gone are those days, when the rich only preferred to visit metropolitans and other high profiles cities for their vacations.

Big Merger news is From Microsoft corporation. The Software giant has decided to take a dive into Cellphone business by acquiring Nokia Mobile handset business. The coming years are going to be worth watching with the kind of changes Nokia phones adopt under new management.

Anna Domanska Editor-in-Chief, Industry Leaders Magazine ]3]

Industry Leaders Magazine | August 2013

THE TEAM Editorial

Anna Domanska, Editor-in-Chief

Christy Gren, Sub-Editor

Richard Dean, Associate Editor

Aubrey Change, Associate Editor

Design

Nisha Dhamecha, Kevin Paul Sr. Grahpic Designer Graphic Designer

Project Management

Marketing

Tony Raval Project Director

Jason Miller Sr. Project Director

Jay Raol Project Director

Technology

John Hancock Head - Web Department

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Finance Control

Le Manh Coung, Sr Sofrware Coordinator

Julia Hunt, Magazine Production

R R Baratiya

Industry Leaders Magazine | August 2013

CONTENTS

13 13

20

30

Latest In Business

Leader Talk

Cover Story

Heineken NV (HEIA), the world’s third-largest brewer delivered a dismal earnings report on Wednesday.

There was a time when the strongest person from a group, clan or kingdom used to be their leader. In the present predominantly democratic society.

The Mexican business tycoon and philanthropist was born on January 28, 1940, who as of 2013 is the world’s richest man for the fourth consecutive year.

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Industry Leaders Magazine | August 2013

FEATURES

45

54

70 45

Mergers & More In a news release, Microsoft and Nokia said 32,000 Nokia employees will join Microsoft as a result of the all-cash deal.

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54

Better Business Destination But the Chilean capital, Santiago, is looking to do just that by encouraging travelers passing through on business.

70

The WOW Quotient The Tesla Roadster, the company’s first vehicle, is the first production automobile to use lithium-ion battery cells.

Industry Leaders Magazine | August 2013

CONTENTS FEATURES

90 90

Larger Than Life

100

Event & Tradeshows

Forming the globally renowned Grenadines, Mustique Island is a standalone private island in West Indies that in the recent times has taken the form of one of the hottest tourist destinations for celebrities across the globe.

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Industry Leaders Magazine | August 2013

THE

LATEST IN BUSINESS

Bank Of America Accused Of Deluding Investors A civil lawsuit was filed against Bank of America for misleading investors in an $850 million mortgage-bond deal known as BOAMS 2008-A offered in 2008.

According to the court filings, The Department of Justice and Securities and Exchange Commission filed parallel civil suits in U.S. District Court in Charlotte.

Attorney General Eric Holder said the government wanted ‘‘justice for those who have been victimized.’’

According to the complaint, Bank of America is charged of making misleading statements and failed to divulge important facts about the pool of mortgages underlying a securitization named BOAMS 2008-A. The investors also included the Federal Home Loan Bank of San Francisco and Wachovia Bank National Association. Out of the 1,191 mortgages in the securitization, more than 40 percent of them did not comply with the bank’s underwriting standards. ‘‘These misstatements and omissions concerned the quality and safety of the mortgages collateralizing the BOAMS 2008-A securitization, how it originated those mortgages and the likelihood that the ‘prime’ loans would perform as expected,’’ the Justice Department said in its statement.

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Industry Leaders Magazine | August 2013

LG Announces Launch of G2 Flagship Android Phone LG has made solid progress in the smartphone market. LG Mobile CEO Jong-Soek Park announced his company’s newest flagship smartphone G2 handset on Wednesday at a glitzy New York event at Lincoln Center.

New flagship phone from LG comes with a unique design with volume and power controls on the back.By installing the buttons on the back and engineering the circuitry and electronics around that design choice, the phone’s bezel is only 0.1 inches thick. The LG G2 is the world’s first smartphone to be completely devoid of side buttons.

Park describes it as ‘‘clean, with nothing on the sides to break the beautiful lines.’’ ‘‘Think about it-where is your index finger when you are talking on the phone?’’

Park said. ‘‘Relocating power and volume buttons to the back… changes the way we interact with the form. Simply everything is more convenient.’’

The LG G2’s high-resolution13-megapixel camera comes equipped with Optical Image Stabilizer (OIS) technology in a slim design without a protruding lens to prevent blurring, allowing for clearer, brighter and sharper images even when in motion or shooting in dim environments. Its Super Resolution and Multi-point AF features help keep everything in focus.

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Industry Leaders Magazine | August 2013

THE

LATEST IN BUSINESS

Elon Musk’s Hyperloop Could Be The Future of Inter-State Transportation Elon Musk, the chief executive officer of Tesla Motors Inc. and Space Exploration Technologies Corp., disclosed plans on Monday for a futuristic ‘‘Hyperloop’’ transportation system that could deliver passengers from San Francisco to Los Angeles in 30 minutes. If it is ever built, it could revolutionize transportation and energy.

According to Musk the Hyperloop would carry people from city to city via pods enclosed inside of tube. He describes the design as looking like a double-barrelled shotgun with the tubes running side-by-side for most of the journey and closing the loop at either end.

These tubes would be mounted on columns 50 to 100 yards (45.7 to 91.4 meters) apart with the pods inside of them going as fast as 800 miles (1,300 kilometers) per hour-fast enough to move someone from Los Angeles to San Francisco- the busiest traffic corridor on the West Coast in 30 minutes. To reduce friction, the cars would levitate on a cushion of pressurized air. Solar panels would run along the top of tube to provide power, Musk writes, and excess energy would be stored in battery packs for operation at night and in cloudy weather. That means the hyperloop ‘‘can generate far in excess of the energy needed to operate.’’

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Industry Leaders Magazine | August 2013

Heineken profits drops as beer sales decline Heineken NV (HEIA), the world’s third-largest brewer delivered a dismal earnings report on Wednesday, saying its first half profit fell 17 percent because of bad weather, weak ‘‘consumer sentiment’’ in Europe and the United States, and sluggish growth in developing countries.

The brewer said it expects no ‘‘material change to underlying trading conditions’’ across majority of its markets for the rest of the year, despite benefiting from better weather conditions in July in Western Europe and anticipated volume improvements in some developing markets.

Chief executive Jean Francois van Boxmeer said on Wednesday the outlook for the second half is similar. The company witnessed a ‘‘further moderation versus what we had expected after the first quarter, ‘‘he said on a call with reporters. The second quarter was ‘‘clearly below’’ company expectations ‘‘and that will have an impact on total outlook for the year.’’ ‘‘Although the volume trends have improved in July with the warm summer weather in Europe, economic conditions in several of our core markets continue to constrain consumer spending,’’ he said in a statement.

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Industry Leaders Magazine | August 2013

THE

‘‘

LATEST IN BUSINESS

The company noted that developing markets delivered 7 percent organic operating profit beia growth and comprises half of group operating profit beia.

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Industry Leaders Magazine | August 2013

Yahoo beats Google or Google beats Yahoo?

What’s the real story?

It is said that Yahoo finally managed to beat Google for the first time in visitor’s number. According to the latest numbers released on Monday by Internet analytics firm ComScore, Yahoo is the top US web property when it comes to the number of unique visitors in July, beating out long time rival Google.

The jump in viewership assumedly comes from Yahoo’s slew of company acquisitions over the last year and the press it has received in the process.

There has been a steady stream of acquisitions by Yahoo, the largest of which was Tumblr back in May. The new data released by Yahoo, without incorporating Tumblr’s figures, has revealed that the company has beaten Google to become the most visited website in the U.S. in July. However, Tumblr racked up about 38 million unique users, ranking at number 29.

The last time Yahoo ranked so high was in March 2008, which is forever-ago in Internet terms.

Microsoft, Facebook and AOL complete the top five of the most visited US websites. As per the latest report, this is the first time Yahoo has come over the search giant Google since April 2011.

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Industry Leaders Magazine | August 2013

THE

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LATEST IN BUSINESS

Industry Leaders Magazine | August 2013

No Privacy for Gmail users, claims Google! ‘‘Google has finally admitted they don’t respect privacy,’’ explained Consumer Watchdog’s privacy project director John Simpson in a statement. ‘‘People should take them at their word; if you care about your email correspondents’ privacy don’t use Gmail.’’

The suit, filed in May, claims Google ‘‘unlawfully opens up, reads, and acquires the content of people’s private email messages.’’ It quotes Eric Schmidt, Google’s executive chairman: ‘‘Google policy is to get right up to the creepy line and not cross it.’’ ‘‘Unbeknown to millions of people, on a daily basis and for years, Google has systematically and intentionally crossed the ‘creepy line’ to read private email messages containing information you don’t want anyone to know, and to acquire, collect, or mine valuable information from that mail,’’ the suit claims.

Google argues the terms of service and privacy policy of Gmail lays out their automated processes of scanning email-and by agreeing to use the service, users are bound to those terms.

Google Executive Chairman Eric Schmidt said the company’s reasoning shouldn’t come as a huge shock. He said the company is bound to the federal terms of the U.S. PATRIOT Act.

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Industry Leaders Magazine | August 2013

Leader Talk

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Industry Leaders Magazine | August 2013

10 Qualities that make a Leader ‘‘

Leadership is a trait known to many, learnt by some and perfected by few.

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Industry Leaders Magazine | August 2013

Leader Talk There are leaders and managers and supervisors and bosses, among others, who take up the responsibilities of getting things done through others, rather than by others. Many attempt, some learn and a few succeed. Leadership is a trait that is not passed on or inherited, it has to be earned, and on a daily basis.

The concept of leadership has been the basis for much research and a good amount of literature has been published about the same, highlighting and describing the dos and don’ts, traits of good leaders, characteristics of the best leaders, things that make good leaders and the things that make leaders good. In a world where every third person is a self-proclaimed expert on business and leadership, it is important to learn from the very best.

1

M. K. Gandhi

‘‘ I suppose leadership at one time meant muscles; but today it means getting along with people. ’’ There was a time when the strongest person from a group, clan or kingdom used to be their leader. In the present predominantly democratic society, a leader is selected by the people from the people and for the people. It is important for a leader to be ‘concordant’ and ‘approachable’ in order to facilitate an environment of growth and intellect. If an employee cannot approach the leader of the organization, he cannot put forth his demands, suggestions or ideas, thereby, hampering his creative genius and rendering him unsatisfied.

A leader that can get along with his followers, listen and appreciate to their ideas and take care of their needs is the leader of the future.

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Industry Leaders Magazine | August 2013

2

Peter F. Drucker

‘‘The leaders who work most effectively, it seems to me, never say ‘I’.’’

The most effective leaders in the world seldom use the word ‘I’, they say ‘we’. The best leaders always think in terms of a team and believe in ‘team work’. It is the job of every leader to make the team function and the ones that understand that start thinking along the same lines and are effective. These leaders accept the challenges and work towards making their team efficient; the leader faces the song but gives credit to the team. This creates trust in the team and enables the leader to get the task done.

3

Steve Jobs

‘‘Innovation distinguishes between a leader and a follower.’’

Leadership and ‘‘innovation’’ have an intrinsic relationship. As the focus of bring about a better future, the relationship is inevitable. Innovation also means going out of the normal route to reach desired goals. A leader who is innovative and produces better results is respected and looked upon. Without innovation, a leader is a mere manager of a given situation.

In a research conducted in 2008 (McKinsey research), it was found that more than 70% of the senior executives believed that innovation was going to be one of the three main drivers for growth in the following three years for their companies.

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Industry Leaders Magazine | August 2013

Leader Talk

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Industry Leaders Magazine | August 2013

4

Jack Welch

‘‘Don’t manage - lead change before you have to.’’

Managing is not easy, but it is not the high-end of leading an organization.

Managing a crisis is important, but if the leader has the ‘foresight’ to see the situation coming, he can easily make decisions beforehand that can avert the crisis and lead to innovative development. Foresight has the power and potential of transforming the business industry and it is important that a leader possess foresight if the organizations is to grow. In absence of foresight, the opportunity of getting to the finishing line first and establishing market supremacy is lost. For example, Rupert Murdoch’s foresight helped him to create market monopoly when it came to disseminating news and he went on to become one of the most successful entrepreneurs of the world and his company ‘News Corporation’, the second largest media conglomerate in the world.

5

Warren Buffet

‘‘I don’t look to jump over 7-foot bars:I look around for 1-foot bars that I can step over.’’

It is important for a leader to ‘‘be realistic’’. Having momentum is necessary but not knowing when to stop can lead to a disaster. A leader should always know the limitations of the team he is leading and try to accomplish feats that are possible and within reach. Seven successful small feats are anytime better than one big feat, which may or may not be successful. World Com Inc., Enron Corp. and Bethlehem Steel are great examples of industry giants who failed to realize when to stop and ended up devastated and bankrupt.

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Industry Leaders Magazine | August 2013

6

Leader Talk

Donald J. Trump

‘‘Sometimes your best investments are the ones you do not make.’’

One of the main responsibilities of a good leader is to ‘make intelligent choices’ and exercise restraint while making investments. The global market keeps offering luring opportunities for investments and a leader should know when to invest and when to say ‘no’. While investments can be highly profitable, they can also be expensive and unprofitable leading to crunch situations.

7

Richard Branson

‘‘You don’t learn to walk by following rules. You learn by doing and by falling over.’’

‘Learning from your mistakes’ is a general must-do for everyone, more so for the leaders.

Everyone makes mistakes but the ones who learn from their mistakes move past them and become better with every fall. One who learns from an earlier mistake will never commit it again and reduce the chances of failure in the future.

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Industry Leaders Magazine | August 2013

8

Kahlil Gibran

‘‘ I have learned silence from the talkative, tolerance from the intolerant, and kindness from the unkind; yet strangely, I am ungrateful to these teachers. ’’ Learning doesn’t have to be limited to one’s own mistakes and good examples set by others, one can also ‘‘learn from the mistakes committed by others’’ and bad examples set by them. In a c o m p e t i t i v e market, it is very important to keep a track of one’s rivals, how they perform, what they do and the outcome of their actions. One doesn’t necessarily have to follow their footsteps and do whatever turned out to be good for them, but when it comes to mistakes they make, one has to note them down on the ‘things to avoid’ notice board.

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Industry Leaders Magazine | August 2013

9

Leader Talk

‘‘ As a leader, I am tough on myself and I raise the standard for everybody; however, I am very caring because I want people to excel at what they are doing so that they can aspire to be me. ’’ A leader should be a ‘‘role-model’’ for the followers. This can be possible only if the leader sets high standards that need hard-work to be matched. This not only makes the leader respectable among his followers but also motivates the followers to work harder towards achieving higher standards of work.

10

Ralph Nader

‘‘ I start with the premise that the function of a leader is to produce more leaders, not more followers. ’’ One of the best characteristics of a modern leader is that he creates leaders from his followers. ‘‘Creating leaders’’ is not easy and it takes a long time to identify potential in the team member and nurturing it in a positive direction. Assigning tasks and duties to the team member and putting some of them in charge of particular tasks makes them self-reliant and develops their leadership qualities. So, by the time the top level leaders of an organization, such as, CEOs and Directors, retire, they leave behind a legacy and new leaders.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

storY COVER

10 Richest pe

1

2 Carlos Slim Helu

3 Bill Gates

$73 billion

$67 billion

6

7 Charles Koch

$34 billion

Aman

$57

8 David Koch

$34 billion

$31

Wealth acquisition is a hard task indeed, however it is interesting to note that the people who have become the richest in the ]30]

Li

Industry Leaders Magazine | August 2013

ople in the world 2013

4 cio Ortega

billion

5 Warren Buffett

$53 billion

9 Ka-shing

billion

Liliane Bettencourt & family

$30 billion

Larry Ellison

$67 billion

10 Bernard Arnault

$29 billion

world not only have enough fortune to last a hundred lifetimes, but also to feed the entire poverty stricken population of the world. Here is a look at the top ten billionaires of the world. ]31]

Industry Leaders Magazine | August 2013

storY COVER

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Industry Leaders Magazine | August 2013

1 Carlos Slim Helu Net worth- $73 billion

The Mexican business tycoon and philanthropist was born on January 28, 1940, who as of 2013 is the world’s richest man for the fourth consecutive year. He is the chairman and chief executive of telecommunication companies Telemex and American Movil. He also has large holdings in various other Mexican companies. Some of his conglomerate companies are Grupo Carso, SA de CV. His America Movil remains his most valuable holding at $36.3 billion. His other companies focus on mining, real estate and infrastructure.

Slim and his siblings were taught basic business practices by their father, and at the age of 12, Slim bought shares in a Mexican bank.

At the age of 17, he earned 200 pesos a week working for his father’s company. Slim has been vice-president of the Mexican Stock Exchange and president of the Mexican Association of Brokerage Houses. He was the first president of the Latin-American Committee of the New York Stock Exchange Administration Council.

2 Bill Gates

Net worth- $67 billion The American business magnate , investor, philanthropist and author was born on October 28, 1955. He is the current chairman of Microsoft, who has topped this list constantly from 1995 to 2009, excluding 2008, when he was ranked third. Bill Gates also pursues a number of philanthropic endeavours, donating a major portion of his wealth to various charitable trusts and scientific research programs through the Bill and Melinda Gates Foundation, established in 2000.

From Microsoft’s founding in 1975 until 2006, Gates had primary responsibility for the company’s product strategy. He aggressively broadened the company’s range of products, and wherever Microsoft achieved a dominant position he vigorously defended it. Gates’s role at Microsoft for most of its history was primarily a management and executive role. However, he was an active software developer in the early years, particularly on the company’s programming language products.

Gates is one of the best-known entrepreneurs of the personal computer revolution. Gates has been criticized for his business tactics, which have been considered anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavours, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.

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Industry Leaders Magazine | August 2013

storY COVER

3 Amancio Ortega Net worth- $57 billion

The Spanish entrepreneur was born on March 28, 1936. He is the biggest gainer in 2013 and is ranked as the third richest person in the world. He is the founder of Inditex group best known for its brand, Zara. He owns 60% of its shares which also includes brands like Massimo Dutti, Oysho, Zara Home, Kiddy’s class, Pull and Bear, Tempe, Stradivarius and Bershka which has nearly 5,900 stores in 86 countries with more than 92,000 employees worldwide. Ortega also has a real estate portfolio estimated to be more than $4 billion. He is the most low profile billionaire in this list.

Ortega keeps a very low profile and, until 1999, no photograph of Ortega had ever been published. He goes to the same coffee shop everyday and eats lunch with his employees in the company cafeteria. He refuses to wear a tie and typically wears a simple uniform of a blue blazer, white shirt, and gray pants; none of which are Zara products. He is also said to take a very active part in the production and design process in the company.

When he made a public appearance in 2000 as part of the warm-up prior to his company’s initial public offering on the stock market in 2001, it made headlines in the Spanish financial press.

4 Warren Buffett Net worth- $53 billion

The American Philanthropist and investor was born on August 30, 1930.

He is better known as the king of the stock market, often introduced as the ‘‘legendary investor’’. Warren Buffett is the chairman and CEO of Berkshire Hathaway, who is constant in the world’s wealthiest people. He is also a distinguished philanthropist who has pledged 99% of his fortune to philanthropic causes. In July 2012 he gave around $1.5 billion to the Gates Foundation and in August 2012 Buffet pledged $3 billion of his stock to his children’s foundations.

Even as a child, Buffett displayed an interest in making and saving money. He went door to door selling chewing gum, Coca-Cola, or weekly magazines. For a while, he worked in his grandfather’s grocery store. While still in high school he was successful in making money by delivering newspapers, selling golfballs and stamps, and detailing cars, among other means. Filing his first income tax return in 1944, Buffett took a $35 deduction for the use of his bicycle and watch on his paper route. Buffett’s interest in the stock market and investing also dated to his childhood, to the days he spent in the customers’ lounge of a regional stock brokerage near the office of his father’s own brokerage company. On a trip to New York City at the age of ten, he made a point to visit the New York Stock Exchange.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

storY COVER

5 Larry Ellison

Net worth- $43 billion Larry Ellison, world’s fifth richest man was born on August 17, 1944. He is the co-founder and chief executive officer of oracle. He is also in the real estate circuit buying 98% of the Hawaiian island of Lanai and also homes in the Los Angeles mansion market. Ellison, who has also signed on the Gates-Buffett Giving Pledge in 2010 has donated around $445 million to his Ellison Medical Foundation, which aids research on aging and age related diseases. He also gifted 1.6 million shares of oracle worth $45 million to the foundation in April 2012.

In the past year, Larry Ellison, America’s third richest man, has been on a real estate buying spree. In June, he bought 98% of the Hawaiian island of Lanai from David Murdock. That purchase, for a reported $500 million or more, gave Ellison almost the entire 141-square mile island, including two resort hotels and a housing development. Adding to his real estate purchases, Ellison has also been active in the Los Angeles mansion market, purchasing two Malibu homes in October and January for a combined $55 million. Ellison can afford all of it, too. As of February, his shares of Oracle are up more than 20% year-over-year. Most recently, Ellison, long an admirer of NBA basketball franchises, was rumoured to be exploring a deal to purchase the Sacramento Kings to prevent them from moving to Seattle.

Ellison’s other passion, yachting, will make its way into San Francisco this year as the 2013 America’s Cup race lands in the city.

6 Charles Koch

Net worth- $34 billion The American businessman and philanthropist was born on November 1, 1935. He is the co-owner chairman of the board and chief executive officer of Koch Industries. Charles Koch built his fortune around refining and chemicals.

Later they extended their business to fields like commodity trading and services, consumer products, Lycra fibre, Dixie paper products, process and pollution control equipments and technologies. Since 1980’s Koch foundation has given more than $100 million to public policy and charitable organisations.

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Industry Leaders Magazine | August 2013

7 David Koch

Net worth- $34 billion The American businessman, philanthropist, political activist and chemical engineer was born on May 3, 1940. He is the co-owner and executive vice president of Koch Industries. David runs the Chemical equipment side of Koch Industries. He even tried his hand in politics and failed in his quest to oust Barack Obama. Since 2000, David Koch Charitable Foundation has contributed more than $750 million to cancer research, medical centres, educational institutions, arts, cultural institutions and public policy studies.

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Industry Leaders Magazine | August 2013

storY COVER

8 Li Ka-shing

Net worth- $31 billion The Hong Kong business tycoon, philanthropist and investor was born on June 13, 1928. He is considered the richest man in Asia and in China. Li Ka-shing is the chairman of the board of Hutchison Whampoa Limited(HWL) and Cheung Kong Holdings.

He first started a company that engaged in manufacturing of plastic goods and later extended their business to fields like real estate, retail outlets (pharmacies and supermarkets) electronic power, steel production, ports and shipping, banking, construction and many others. The group operates in 55 countries and employs over 26,000 staff worldwide. He is one of Asia’s most generous philanthropist, donating over $1.41 billion to charity and various other causes.

9 Liliane Bettencourt & family Net worth- $30 billion

The French heiress, socialite and philanthropist was born on October 21, 1922. She and her family own more than 30% of L’Oreal, which her father founded.

As of March 2013 she was listed as the third wealthiest woman in the world. She is also a noted philanthropist who along with her family founded the Bettencourt Schueller Foundation, which devotes funds to support and develop scientific education and research, humanitarian and social projects and also to culture and arts.

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Industry Leaders Magazine | August 2013

10 David Koch

Net worth- $29 billion

Bernad Arnault , the French business magnate was born on March 5, 1949. He was the fourth richest person in the list in 2012. However, his ownership issue and several other issues pushed him down to the tenth place. He is the chairman and CEO of LVMH. His fortunes are held in Christian Dior, which has 41% stake in LVMH. He is also a noted art collector who was instrumental in establishing LVMH as a major patron of Art in France.

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Industry Leaders Magazine | August 2013

Mergers & More

Finnish mobile phone maker Nokia announced that it will sell its mobile phone unit to US group Microsoft for 5.44 billion euros ($7.17 billion). ]42]

Microsoft to buy Nokia’s mobile devices business for $7.2 billion Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Mergers & More

N

okia will grant Microsoft a 10-year non-exclusive licence to its patents and will itself focus on network infrastructure and services, which it called ‘‘the best path forward for Nokia and its shareholders.’’

Microsoft will pay 3.79 billion euros ($5 billion) for the Nokia unit that makes mobile phones, including its line of Lumia smartphones that run Windows Phone software. It is also paying 1.65 billion euros ($2.2 billion) for a 10-year license

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to use Nokia’s patents, with the option to extend it indefinitely. Microsoft said it is acquiring Nokia’s Asha brand of low to mid-level smartphones and will license the Nokia brand for current Nokia mobile products. ‘‘This element provides Microsoft with the opportunity to extend its service offerings to a far wider group around thte world while allowing Nokia’s mobile phones to serve as an on-ramp to Windows Phone,’’ the companies said in a joint statement.

Industry Leaders Magazine | August 2013

Working Out the Deal ]45]

In a news release, Microsoft and Nokia said 32,000 Nokia employees will join Microsoft as a result of the all-cash deal. Stephen Elop, the chief executive of Nokia and a former Microsoft executive, will rejoin Microsoft, setting him up as a potential successor for Steve Ballmer, who has said he will retire as chief executive of Microsoft within 12 months after a successor is found. ‘‘Bringing these great teams together will accelerate Microsoft’s share and profits in phones, and strengthen the overall opportunities for both Microsoft and our partners across our entire family of devices and services,’’ Ballmer said in a statement. ‘‘In addition to their innovation and strength in phones at all price points, Nokia brings proven capability and talent in critical areas such as hardware design and engineering, supply chain and manufacturing management, and hardware sales, marketing and distribution.’’

Industry Leaders Magazine | August 2013

Mergers & More

N

okia was once a leader in mobile phones, but the firm’s sales fell 24% in the three months to the end of June from a year earlier. It sold 53.7 million mobile phones during the quarter, down 27% on last year. However, sales of its new Lumia phones, which run a Microsoft operating system, rose during the period.

The sale of Nokia’s phone business marks the exit of a 150-year-old company that once dominated the global cellphone market and remains one of Europe’s premier technology brands. Nokia has struggled against competition from

Samsung and Apple.

Samsung and Apple divvy up nearly all of the profits in the global smartphone business now. ‘‘For a lot of us Finns, including myself, Nokia phones are part of what we grew up with. Many first reactions to the deal will be emotional,’’ said Alexander Stubb, Finland’s minister for European Affairs and Foreign Trade, on his Twitter account.

Nokia said that once the sale is completed, it will concentrate on three key businesses network equipment manufacturing, mapping and location services, and the development and licensing of technology.

Nokia’s historic decision ]46]

Industry Leaders Magazine | August 2013

While Microsoft still has colossal stockpiles of cash from its lucrative software business, there has been widespread contemplation about how long Nokia could make it as an independent company, given how the spoils of the industry have gravitated to companies like Apple and Samsung.

In a statement, Risto Siilasmaa, chairman of Nokia’s board and Nokia’s interim chief executive, said, ‘‘The deal offers future opportunities for many Nokia employees as part of a company with the strategy, financial resources and determination to succeed in the mobile space.’’

The deal is expected to close in the first quarter of 2014, subject to approval by Nokia shareholders, regulatory approvals and other customary closing conditions.

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Industry Leaders Magazine | August 2013

Mergers & More

A

team within Nokia had Android up and running on the company’s Lumia handsets well before Microsoft and Nokia began negotiating Microsoft’s $7.2 billion acquisition of Nokia’s mobile phone and services business, according to two people briefed on the effort who declined to be identified because the project was confidential. Microsoft executives were aware of the existence of the project, these people said.

Another person said the idea of Nokia using Android wasn’t a part of Microsoft’s discussions with the company about an acquisition, even though that was widely recognized as a possibility.

On one level, Nokia’s Android effort is not shocking. Companies often have ‘‘plan Bs’’ in the works in case they need to change course on strategy or want to help negotiate better terms with partners.

Getting Android to run on Nokia’s hardware was not a Herculean engineering effort, according to the people familiar with the project.

Still, a functioning Nokia Android phone could have served as a powerful prop in Nokia’s dealings with Microsoft, a tangible reminder that Nokia could move away from Microsoft’s Windows Phone software and use the Android operating system, which powers more than three out of every four smartphones sold globally.

Nokia working on Android platform ]48]

Industry Leaders Magazine | August 2013

Nokia choose Windows in 2011 ]49]

Nokia reached a deal with Microsoft in 2011 to use Windows Phone on its smartphones, but Nokia had an option to exit that partnership at the end of 2014. Unraveling that deal would have been painful for both parties. It would have been devastating to Microsoft’s mobile phone efforts since Nokia accounts for more than 80 percent of the Windows Phone handsets sold. For Nokia, changing such an important ingredient in its products would have been a costly setback too.

Nokia has faced criticism that it made the wrong decision in choosing Windows Phone over Android several years ago. Nokia’s share of the smartphone market fell to 3 percent during the first half of 2013, from 32.8 percent in 2010.

Industry Leaders Magazine | August 2013

Mergers & More There is no telling for sure whether Nokia would have been better off with Android over that time. It is possible the design of the operating system and greater abundance of Android apps might have put Nokia in a better spot.

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The current status of Nokia’s Android project is unclear. Presumably, after Microsoft completes its acquisition of Nokia’s phone business early next year, there won’t be much future for it.

Industry Leaders Magazine | August 2013

Testing Lumia Android ]51]

Before the sale to Microsoft, Nokia engineers had allegedly developed Lumia phones running Google’s Android operating system.

The New York Times, citing unnamed people familiar with the matter, claimed on Friday that a team within Nokia had Android-powered Lumia handsets "up and running" long before Microsoft bought Nokia’s mobile phone and services business for $7.2 billion.

Microsoft apparently knew about the Android handsets, though they didn’t become a part of discussions when the companies negotiated.

However, some could find that hard to believe, as Microsoft’s Windows Phone OS had relied on a hardware manufacturing partnership with Nokia since 2011.

Industry Leaders Magazine | August 2013

Mergers & More Nokia had originally sided with Windows Phone over Android because, as former CEO Steven Elop once pointed out, there was a "very high risk" that one hardware manufacturer could dominate Android. That one manufacturer was Samsung - which now spearheads Android (to the point where even Google is

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concerned).

The report doesn’t specify whether Nokia wanted to jump the Windows Phone OS ship in favour of Android, nor how many handsets were actually made with the legitimate idea of release, but it’s interesting that the handsets even came to fruition internally.

Industry Leaders Magazine | August 2013

Santiago

The right blend of Business and leisure

But the Chilean capital, Santiago, is looking to do just that by encouraging travelers passing through on business to stay and uncover its potential as a hip South American destination. Chile has become one of the continent’s leading locations in which to do business in recent years. ]54]

Industry Leaders Magazine | August 2013

Better Business Destinations

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Better Business Destinations

Foreign investment increased by 80 percent in 2011 alone, totaling $12 billion for the year according to Daniel Pardo, director of SERNATUR, the Chilean tourism ministry. As a result, the number of foreigners coming into the country for trade purposes has increased along a similarly sharp upward curve.

This surge has been concentrated mainly in Santiago, Chile’s nerve center and economic engine room, and it’s here that Pardo and the country’s tourist board spy an as yet untapped opportunity. ‘‘Hopefully by bringing out those

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business people that are coming here for a week to do their jobs (they will) stay for the weekend and enjoy the country,’’ is the typical mindset of the businesses out there. ‘‘There’s a lot of interest in coming to Chile,’’ he adds. ‘‘And we’ve seen it in our numbers, with a 60 percent growth in tourism this year.’’

Travelers who take up the invitation to hang around will find a variety of parks, churches and museums which offer a wealth of easily accessible tourist sites -- ideal for the culture vulture with a couple of hours to spare.

Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Better Business Destinations

The Cityscape Santiago offers an intriguing mix of both the modern and the classic. Historic sites such as the Catedral Metropolitana contrast sharply against the rowdy Mercado Central fish market, which offers ‘‘a colorful attraction for photographers and foodies alike,’’ says Gleeson. Touring the city’s downtown district on foot is a particularly nice way to explore Santiago, she adds, while the nearby Centro Cultural Palacio La Moneda museum plays host to the finest Chilean modern art.

Other Santiago highlights include Museo de la Moda (Museum of Fashion) in the Vitacura district -- which includes famed items such as John Lennon’s jacket and

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the famous ‘‘cone bra’’ Jean Paul Gaultier designed for Madonna -- and the 300 meter high San Cristobal lookout point.

Seeking Alpha called it the ‘‘emerging market that will outperform the indexes of the developed world and possibly some of the BRIC countries.’’

The recent mining collapse made headlines for six months. But despite the press furore, the copper industry, combined with what is now a democratic liberal government, have made the country a thriving and attractive destination. And La Moneda, the baroque-style building where Allende was shot, is still Santiago’s centre of government.

Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Better Business Destinations

Cultural Shopping Centre Originally built as the national mint, La Moneda now houses the offices of the president and ministers. Alongside sits its cultural centre, which is home to ongoing exhibitions and the National Film Archive. Central shops hawk traditional patterned blankets, carves and pottery, and tribal figurines.

Those seeking serious retail therapy will enjoy the barrio central, and the exclusive Vitacura district. As well as being packed with designer

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boutiques - Gucci, Louis Vuitton, Chanel - it also showcases colonial architecture in the imposing private villas. The Parque Bicentario offers the opportunity to watch the local elite play football and feed the ducks. Or, if you fancy some exercise, Santa Lucia Hill, over in downtown Lastarria, is only a 69-metre ascent up a path through flower meadows and ponds, to a panoramic view of the city. The Andes mountains form an imposing backdrop.

Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Better Business Destinations

Cultural Highlights The Virgin Mary stands high above Santiago – or rather, a white brick statue of her. The monument was partly created

by French sculptor Bartholdi, who worked on New York’s Statue of Liberty. It is just a 300m walk up the San Cristóbal Hill, in the Parque Metropolitano, Those who cannot hack the hour-long climb can take the funicular from Bellavista.

Other cultural highlights include the Museo de la Solidaridad Salvador Allende, which displays South American

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and European art including works by Picasso. The National Museum of Fine Arts houses pieces by Chile’s most well-known artists: nineteenth-century landscape artist Pedro Lira and twentieth-century surrealist Roberto Matta. Chile’s Nobel Prize-winning poet, Pablo Neruda, had a house in Bellavista that has become La Chascona museum, a monument to his secret life there with his lover Matilde.

Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Better Business Destinations

A slightly anomalous Chilean tradition is the ‘coffee with legs’, (café con piernas), where women in short skirts serve drinks to male professionals of all ages.

In this age of equality, though, there are even some targeted at women, who meet up with friends to join in the frolicsome atmosphere. If you want something stronger, the national aperitif is the pisco sour, a potent cocktail made mixing pisco spirit with sugar, lime juice and egg white. Or you could knock your socks off with the ‘terremoto’ (‘earthquake’), a refreshing combination of sweet white wine served with pineapple sorbet. Those seeking a guided alcoholic education should contact Santiago Adventures, who arrange one-day wine-tasting trips to the Corcoran Gallery and M&S suppliers, the Casas del Bosque.

For nightlife, the Bar El Atico is

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popular for those seeking a Britpop fix, as it eschews reggae and South American pop for western indie angst like Radiohead and the Pixies. For those who like to shake their hips, take a dance class at David and Yasna’s Dance Academy. Or you could head to Barrio Lastarria, which has a wide range of bars as well as a cinema and theatre. Watch out for the elusive man in a skirt and headscarf who sells doll heads from a blanket.

Santiago is very informal and most businessmen have done away with jackets and ties but it’s always a good idea to find out how the people you are meeting will be dressed before you travel. Santiago’s air is very polluted, especially in winter. Traffic can sometimes be a problem but this is true of many capitals around the world.

Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Better Business Destinations

The Wine Country Chile is a major exporter of wine and visiting some of its fertile vineyards is a rite of passage for many a connoisseur.

Almost 17 million people drink a glass of Chilean wine every day and the country is the world’s largest grape exporter. "Many travelers opt to visit a few wineries with a specialist likeUncorked Wine Tours," says Gleeson. These customized tours include an English-speaking guide, visits to three wineries and a leisurely lunch in wine

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country. Those looking to go it alone on a wine-tasting odyssey meanwhile can reach some of the lesser visited wineries in the Santiago region by public bus in little over an hour. If you’re planning an independent visit, Gleeson warns however, it is wise to log onto the wineries’ websites to find out about specialty tastings, picnics, and additional activities before setting out.

Industry Leaders Magazine | August 2013

The WOW QUOTIENT

TESLA

Driving The Green Revolution Tesla Motors, Inc. is a California-based company that designs, manufactures and sells electric cars and electric vehicle powertrain components. Tesla Motors is named after electrical engineer and physicist Nikola Tesla. ]70]

Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

‘‘

The WOW QUOTIENT

Tesla’s CEO, Elon Musk, has said he envisions Tesla as an independent automaker, aimed at eventually mass-producing fully electric cars at a price affordable to the average consumer.

‘‘

Tesla posted profits for the first time during the first quarter of 2013 on NASDAQ. Tesla currently employs almost 3,000 full-time employees and is recruiting employees for positions in the headquarters in Palo Alto, California, at its European headquarters in Maidenhead, UK, and at an increasing number of sales facilities throughout North America and Europe.

Tesla also markets electric powertrain components, including lithium-ion battery packs, to other automakers, including Daimler and Toyota. Tesla currently employs almost 3,000 full-time employees and is recruiting employees for positions in the headquarters in Palo Alto, California, at its European headquarters in Maidenhead, UK, and at an increasing number of sales facilities throughout North America and Europe.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

The WOW QUOTIENT

The Roadster The Tesla Roadster, the company’s first vehicle, is the first production automobile to use lithium-ion battery cells and the first production EV with a range greater than 200 miles (320 km) per charge. The Sport model accelerates 0 to 60 mph (97 km/h) in 3.7 seconds and, according to Tesla Motor’s environmental analysis, is twice as energy efficient as the Toyota Prius. Tesla Motors gained widespread attention by producing the Tesla Roadster, the first fully electric sports car, followed by the Model S, a fully electric luxury sedan. Since 2008 Tesla has sold more than 2,250 Roadsters in 31 countries through March 2012. Tesla began producing right-hand-drive Roadsters in early 2010 for the UK and Ireland markets, and then expanded sales to right-hand-drive markets of Australia, Japan, Hong Kong and Singapore. Tesla stopped taking orders for the Roadster in the U.S. market in August 2011. Prototypes were introduced to the public in July 2006, and the Tesla Roadster was featured on the cover of Time in December 2006 as the recipient of the magazine’s "Best Inventions 2006-Transportation Invention" award. The first "Signature One Hundred" set of fully equipped Roadsters sold out in less than three weeks, the second hundred sold out by October 2007, and general production began on March 17, 2008.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

The WOW QUOTIENT

The Tesla way One of Tesla’s stated goals is to increase the number and variety of EVs available to mainstream consumers in three ways by selling its own vehicles in a growing number of company-owned showrooms and online, selling patented electric powertrain components to other automakers so that they may get their own EVs to customers sooner, serving as a catalyst and positive example to other automakers, demonstrating that there is pent-up consumer demand for vehicles that are both high-performance and efficient.

General Motors’ then-Vice Chairman Robert Lutz said in 2007 that the Tesla Roadster inspired him to push GM to develop the Chevrolet Volt, a plug-in hybrid sedan that aims to reverse years of dwindling market share and massive financial losses for America’s largest automaker. In an August 2009 edition of The New Yorker, Lutz was quoted as saying, "All the geniuses here at General Motors kept saying lithium-ion technology is 10 years away, and Toyota agreed with us -- and boom, along comes Tesla. So I said, ‘How come some tiny little California startup, run by guys who know nothing about the car business, can do this, and we can’t?’ That was the crowbar that helped break up the log jam." But in contrast to the resulting GM vehicle electrification strategy, Tesla focuses on pure battery electric propulsion technology, even for larger vehicle segments and real-world ranges greater than 200 miles.

Musk won the 2010 Automotive Executive of the Year Innovator Award for hastening the development of electric vehicles throughout the global automotive industry.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

The WOW QUOTIENT

Affordability The Tesla Roadster has a base price of US$109,000, €84,000 or GB£86,950 (not including numerous tax incentives, credits and waivers). Tesla’s goal is to sell EVs to mainstream consumers at more affordable prices-but Tesla purposely aimed its first production vehicle at ‘‘early adopters’’ so that the company could optimize the technology before cascading it down to less expensive vehicles. The company’s subsequent car, the Model S sedan, began production for the 2012 model year with a base price of US$57,400 (or US$49,900 after a US federal tax credit), roughly half that of the Roadster. The company then plans to launch a US$30,000 vehicle, codenamed BlueStar. Tesla also builds electric powertrain components for more affordable cars including the lowest priced car from Daimler, the Smart urban commuter car; the lowest priced car to carry the Mercedes badge, the A-Class hatch back; and the lowest priced SUV from Toyota, the RAV4.

Aiming premium products at affluent ‘‘thought leaders’’ is a well known business strategy in Silicon Valley and the global technology industry, where prices for the first versions of cellular phones, laptop computers and flat-screen televisions start high but drop in subsequent product cycles. However, this approach has been relatively rare in the global auto industry, where the prevailing business model has been one of mass production in assembly plants optimized to build hundreds of thousands of vehicles per year with comparatively low sticker prices. According to a blog post by Musk, ‘‘New technology in any field takes a few versions to optimize before reaching the mass market and in this case it is competing with 150 years and trillions of dollars spent on gasoline cars.’’

Tesla also offers certified pre-owned cars with a 37 month, 37,000 miles (60,000 km), extended warranty. This warranty has the same coverage, including the battery, as the original warranty.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

The WOW QUOTIENT

Tesla Headquarters and manufacturing unit Tesla announced in August 2009 that it planned to move its corporate headquarters and build a powertrain development facility at 3500 Deer Creek Road, in the Stanford Research Park in Palo Alto, California. Tesla said it would finance the project in part through US$100 million of the federal low-interest loans. The new facility would occupy 369,000 sq ft on a 23-acre parcel previously occupied by Agilent Technologies. Tesla completed the headquarters move in February 2010. The powertrain facility will produce electric vehicle components for Tesla and for other automakers, including Germany’s Daimler, which is using Tesla’s battery packs and chargers for an upcoming electric version of its Smart city car. About 350 employees are expected to be based at the Stanford site initially, potentially increasing to 650. Stanford Research Park is also home to Facebook, Hewlett Packard, Xerox PARC and other Silicon Valley companies.

Using US$365 million in federal low-interest loans, Tesla had planned to build a Model S assembly plant in California with a fully ramped-up annual output of 20,000 sedans.

Tesla did not announce a specific location, though unconfirmed media reports had focused on Southern California. In mid-2009, many speculative media reports suggested that Tesla could occupy the NUMMI assembly plant in Fremont, CA, which General Motors and Toyota had signaled they planned to vacate. Tesla stated it would develop a Brownfield site on existing industrial property-a preference of the federal government in approving candidates for interest-bearing loans from the Advanced Technology Vehicle Manufacturing Program.

On 20 May 2010, Tesla announced that it would partner with Toyota to produce the Model S at the former NUMMI plant.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

The WOW QUOTIENT

Supercharger Stations Tesla Motors began building a network of 480-volt fast charging Supercharger stations in order to facilitate the Model S sedans to make long distance trips. As of June 2013, Tesla announced that all existing stations in the supercharger network, and all new stations, would become Tesla stations, and have facilities to support under-two-minute battery pack swaps for the Tesla Model S, and for all future Tesla models. The initial network is planned to be available in high traffic corridors across North America. The company also plans to deploy Supercharger networks in Europe and Asia soon.

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Industry Leaders Magazine | August 2013

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Industry Leaders Magazine | August 2013

Larger Than Life

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Industry Leaders Magazine | August 2013

Celebrity

Vacation Islands The realm of luxury travel is one that experiences constant evolution and has in the last few years, turned out to be a major means of revenue generation for both local governments as well as corporations.

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Industry Leaders Magazine | August 2013

Larger Than Life

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Industry Leaders Magazine | August 2013

Long gone are those days, when the rich only preferred to visit metropolitans and other high profiles cities for their vacations. The new trend in the world of luxury vacations now revolves around solace and a means to connect to nature, while spending quality and memorable time away from the hustle bustle of 21st century urban life.

Steps in, private islands. These proverbial paradise regions of the world are some of the most scenic and awe-inspiring travel destinations that guarantee a luxury vacation experience like no other. Expensive celebrity vacation islands have become the call of the day for affluent and celebrities the world over, where in exclusivity has now become the ‘keyword’.

Surrounded by pristine waters and magnificent beaches, these expensive private islands offer the travelers a means of getting back to nature in an opulent and luxurious manner, without having to compromise on quality or hospitality. Be it in the Caribbean or the British Virgin Islands, these small masses of land provide the ultimate setting for a vacation experience that sticks to the travelers for the rest of their lives. With the soaring popularity of luxury private islands, here at World Most Expensive, we decided to give our readers our very own list comprised of The Best Ten Most Expensive Celebrity Vacation Islands.

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Industry Leaders Magazine | August 2013

Larger Than Life

1

Mustique Island

Forming the globally renowned Grenadines, Mustique Island is a standalone private island in West Indies that in the recent times has taken the form of one of the hottest tourist destinations for celebrities across the globe. This most expensive celebrity vacation island is covers some 1,440 acres of land is surrounded by the breathtaking waters of the Caribbean Sea. The entire island is under the ownership of the Mustique Company and is composed of 100 private luxury villas as well two luxury hotels, namely the Cotton House and Firefly. This magnificent island has played host to a number of high profile guests and royalty, including Queen Elizabeth II and Prince Philip. The

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Duchess of Cambridge, Kate Middleton recently vacationed at this scenic location, wherein she spent a whopping $23,346 a day. One of the prime attractions of the Mustique Island is the Aurora Villa, which Her Highness rented for the vacations. The Aurora Villa features two double rooms along with a suite and the luxury residence even boasts of a swimming pool, next to a secondary cottage called, Jasmine. The Mustique Island is well renowned for its assortment of outdoor activities such as scuba diving, horse riding, tennis etc., along with numerous rejuvenating exotic spa treatments.

Industry Leaders Magazine | August 2013

2) Fregate Island Constituting the widely acclaimed Seychelles Islands, Fregate Island is located some 1,000 miles off the coast of Kenya and is known across the globe as one of the foremost and preferred tourist destinations for rich and the famous.

The entire island is spread across just 2.19 square km and composed of private luxury resorts as well as other luxury vacation services. Fregate Island boasts of seven breathtaking beaches that provide direct access to crystal clear waters and are surrounded by scenic vegetation. Due to the extreme popularity of the location, the island itself has been accessible by air, where in daily flights are scheduled from major cities in the world. The vacationers

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at this magnificent location have been provided with 16 luxury villas to make their stay all the more memorable, while these luxury residences feature exotic art and interiors. As far as outdoor activities are concerned, the Fregate Island offers the tourist a chance to indulge in swimming, snorkeling, deep sea diving etc., while the indigenous Rock Spa takes care one’s rejuvenation needs. Furthermore, the luxury villas has been equipped with in-room dining, while the travelers can even visit the local Plantation House that serves various gourmets and international cuisines. Fregate Island has been host to some of the most renowned celebrity figures including Bill Gates, Kate Middleton & Prince William, Angelina Jolie & Brad Pitt.

Industry Leaders Magazine | August 2013

Larger Than Life

3

Turtle Island

Shot to fame in the 1980s as the location of the Hollywood blockbuster, ‘The Blue Lagoon’, Turtle Island in Fiji is revered across the globe for its fabulous beaches and pristine blue waters. The island is regarded as a highly exclusive tourist destination and is known to accommodate only 14 couples at one time, while offering the guests with magnificent private beaches for a most enjoyable stay. Each of the private abodes offer 1,500 sq. ft of opulent living space that comes with a fully stocked refrigerator. Furthermore, the island

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is also regarded as one of the finest honeymoon destinations, offering double hammocks with each residence for a romantic one-on-one time under the shade of trees. Besides the luxuriously comfortable residences, vacationers can even engage in a host of water based activities such as swimming, snorkeling, scuba diving etc. The Turtle Island has been at the center of the various celebrity honeymoons, including that of Britney Spears and Kevin Ferderline, as well as Nick Lachey and Jessica Simpson.

Industry Leaders Magazine | August 2013

4) St. Tropez Island

Located in the French Riviera, St. Tropez Island is widely regarded as one of the most scintillating travel destinations in the world and thus is immensely popular with celebrity vacationers. The entire island is surrounded with gorgeous beaches and the location is accessible via ships and boats that are readily available from the nearby mainland. St. Tropez Island is well renowned for its landmarks as well as the numerous local cafes, where you can get

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a delightful taste of ethnic cuisines, while immersing yourself into the eclectic world of luxury wines, such as the Chateau Minuty Rose Cuvee De L’Oratoire. This exclusive luxury private island has served as a preferred vacation destination for acclaimed musicians, Jay-Z and Beyonce Knowles, while the island is also known for its historic Musee Naval museum, which houses numerous World War memorabilia. A perfect destination for naturists, St. Tropez island offers a wide variety of water sport activities, along with a range of beachside cafÊ and eateries.

Industry Leaders Magazine | August 2013

Larger Than Life

5

Bora Bora Island

Boasting of breathtaking lagoons and an au-natural setting for travelers seeking a respite from the hectic metropolitan life is the Bora Bora Island in French Polynesia. Widely regarded as one of the most sought after travel destinations in the world. The island is widely accessible by air, where in Air Tahiti is known to operate around five to six daily flights to Bora Bora Airport. A favorite holiday destination for celebrities, such as the likes of Nicole Kidman, Keith Urban, Vince Vaughan etc. Bora Bora Island is largely regarded for its over-the-water bungalows that were established by Hotel Bora Bora some

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thirty years ago. The private island offers vacationers with a host of water sport activities such as scuba diving and snorkeling. Bora Bora Island is widely hailed as the most beautiful in the world and is an integral part of the island chain of French Polynesian, which consists of these 118 gorgeous landscapes.

One of the foremost elements that the destination is so revered for is its serene ambiance. The Bora Bora islands also provides an optimum venue for deep sea exploration enthusiasts.

Industry Leaders Magazine | August 2013

6) Anguilla Island Nestled in the scenic Caribbean, the Anguilla Islands have for long been deemed as one of the most exciting and breathtaking private islands in the world, which attracts both conventional as well as celebrity vacationers by the loads. One of the primary reasons for the soaring popularity of this luxury island is its policy of zero tax, where in individuals and corporations alike are exempted from capital gains, estate, profit , along with other direct taxes. The Anguilla Island has played host to numerous celebrities, such as the likes of Paris Hilton, Jay-Z, Beyonce, Kim Kardashian etc. and is

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considered to be an untouched tropical Caribbean island getaway. The entire island sports of 33 pristine beaches and is connected to both U.S and Puerto Rico mainland, while sporting a population of a mere 15,000 inhabitants. Furthermore, to preserve the natural authenticity of the destination, the local government has strictly denied the presence of luxury hotels and other franchise, while the entire island is sprinkled with private resorts. To entice your taste buds, Anguilla Island features restaurants and bars that serve a wide variety of cuisines ranging from American, Chinese, Italian, Continental, French to the Mediterranean cuisines.

Industry Leaders Magazine | August 2013

Larger Than Life

7

Catalina Island

Located near the South California mainland, Catalina Island is by far one of the most popular luxury private islands in the world, with a vast and somewhat of a battle hardened history. This most expensive celebrity island was discovered in the year 1542 by Spanish explorers and soon went through a tumultuous0 exchange of hands, during the invasion by Yankee as well as British smugglers and is also known to be occupies numerous times by various militaries during conflicts. However, as the tourism industry stretched far and wide and flourished, Catalina Island soon became a primary tourist destination with numerous celebrity vacationers, such as the likes of Charlie Chaplin, D.W.Griffith,

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Joan Crawford etc. A scenic and alluring Pacific vacation island, this landmass is accessibly by both sea vessels and airplanes, while Catalina Island is most renowned for its hospitality offered by the indigenous population. The island itself becomes a star studded destination during the Santa Catalina Film Festival, when the location becomes host to some of the biggest names of the international film industry. Due to its proximity to the sparkling waters of the Pacific Ocean, Catalina Island offers travelers with a range of water sport activities such as sea surfing, scuba diving, fishing etc., while also providing ample opportunities for land based sightseeing, mountain bike and other exciting activities.

Industry Leaders Magazine | August 2013

8) St. Barth’s Island Officially known as Collectivity of Saint Barthélemy, St. Barth’s Island is widely referred to as the playground of the rich and famous, while serving as a prominent luxury vacation destination for the affluent. This expensive private island is accessible from the sea as well as from the air, wherein regular flights are scheduled for the Gustava airport on the island. St. Barth’s Island has played host to some of the most renowned faces in the world of billionaires and celebrities, including Roman Abramovich, Simon Cowell, Matt Damon, Tamara Mellon. The entire island features some 25 luxury hotels, with each of them carrying no

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more than 15 exclusive rooms, while the largest hotel at St. Barth’s features 58 luxurious rooms. The entire island offers the guests with a host of water based activities such as scuba diving, sailing, water skiing etc., while also providing other recreational sports including beach volleyball and wind surfing. For those looking for a more relaxed time, St. Barth’s comes with exotic spa treatments and even provides sightseeing tours of the vibrant local flora and fauna.

Industry Leaders Magazine | August 2013

Larger Than Life

9

Koh Yao Noi Island

Epitomizing the splendors of the world renowned British Virgin Islands, Necker island is by far considered to be one of the most alluring and a premier vacation destination for the rich and the affluent across the globe. Owned and operated by billionaire extraordinaire, Sir Richard Branson, this expensive private island has played host to a long list of high profile guests including Mel Gibson, Oprah Winfrey, Steven Spielberg, Michael Douglas, Larry Page, Sergey Brin and even Diana, Princess of Wales. The entire island is composed of scenic beaches and

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a breathtaking view of the surrounding ocean. Even after suffering from a major fire incident, Necker Island has retained its charm and opulence. One of the main attractions at the location is Great House on Devil’s Hill that serves as one of the principal luxury accommodations on the island. The entire island covers some 74 acres and offers the vacationers with plenty of outdoor activities, including water skiing, kite surfing, sailing, kayaking, while also providing under water excursions in the Aero submarine.

Industry Leaders Magazine | August 2013

EVENT & TRADESHOWS Energy and Renewables Green Expo Sandton

Date: 01 - 03 November, 2013

Green Expo Sandton would be putting emphasis on the sustainability issues which is appealing to the home owners especially. It would be taking place in Sandton for 3 days. The main target audiences of the event are the people who are serious about making a difference by bringing about change in the professionals and personal lives. The event would be emphasizing about utilization of anything and everything green in the life.

Venue: Johannesburg, South Africa Pilot Share Fair

Date: 06 - 06 November, 2013

Pilot Share Fair is the unique fair for the Oil and gas business. This is a one day trade fair which brings about the delegates from several offshore industries under one banner. About 1200 delegates will be visiting this show and have an insight of future development plans and opportunities. This fair is for the UK oil and gas industry which has a higher potential for development and also huge career options.

Venue: Aberdeen, United Kingdom Energy Arena

Date: 06 - 08 November, 2013

Energy Arena shall be the perfect testimony to the growing energy needs and this platform will duly explore new and innovative technologies which will duly resolve all energy related queries all under the same roof. This is the largest and most promising exhibition which is going to be held for three long days mainly in the ongoing year and exhibit latest engineering which will increase the concept of energy efficiency. This is a top priority event that shall also focus on energy cost reduction methodologies in long run.

Venue: Bad Salzuflen, Germany NGV Bangkok

Date: 07 - 09 November, 2013

NGV Bangkok is an event that will be held in Bangkok for three days. The event is one of the best Natural Gas for Vehicles Conference and Exhibition that is held in Southeast Asia. It provides the best platform for the leading global suppliers of NGV technologies and products to showcase their development to a wide number of attendees present there. NGV Bangkok is a response to the increasing demand of the NGV vehicles in different parts of the region and the world.

Venue: Bangkok,Thailand ]100]

Industry Leaders Magazine | August 2013

Construction Buildex Calgary

Date: 05 - 06 November, 2013

The BUILDEX brand of expositions are annual regional conferences and expositions encompassing the commercial, institutional, governmental, and residential property & facility management industries.

Venue: Calgary,Canada Contech Montreal

Date: 07 - 07 November, 2013

Trade Show bringing a whole Host of Suppliers of Leading-Edge Products and Services for the Design, Construction and Management of Institutional, Industrial and Residential Buildings. It will be held at Palais des Congres de Montreal & being organized by Contech Canada.

Venue: Montreal, Canada Facade

Date: 13 - 15 November, 2013

Facade is a trade fair of professionals from real estate field. This is a three day event. The event is held in every two years. In the event, the participants will get the chance to display their products and skills. The attendees will also get the chance to be familiar with the brand new products.

Venue: Helsinki,Finland Maintenance Expo

Date: 19 - 22 November, 2013

Maintenance Expo for industry professionals, residential and non residential building managers, concerned by the competitiveness of their assets and paying much attention to reliability and security of their equipments or buildings. MAINTENANCE EXPO is the new showcase in France that puts together in one single place specific or global solutions for their maintenance needs.

Venue: Paris, France SITP Algiers

Date: 21 - 25 November, 2013

Exhibit Latest Technology in Building Construction Including all of its Supporting Industries. Participants will also receive country market briefings from Canada. Embassy officials as well as opportunities to meet with leading private sector experts. SITP will once more see the participation of many international and Algerian market leaders, including an official French Pavilion, organized by IMAG, Germany in cooperation with the French Embassy in Algiers.

Venue: Algiers, Algeria ]101]

Industry Leaders Magazine | August 2013

EVENT & TRADESHOWS Manufacturing Heat Treatment Congress

Date: 09 - 11 October, 2013

This trade exhibition is held annually in Wiesbaden HrtereiKongress the AWT is Europe’s largest conference for innovations in the areas of heat treatment, materials engineering, manufacturing and process engineering. It includes innovations in the field of materials engineering, heat treatment and manufacturing technology. This event will built an exclusive communication and cooperation bridge between sellers and buyers. Many professional heat treatment processing technology and market forums were held at the same time which realized interaction between exhibition and conferences.

Venue: Wiesbaden,Germany Itshowcase Live Liverpool

Date: 15 - 15 October, 2013

Tracing the latest developments in software solutions in different industrial sectors, especially in service, manufacturing, construction and distribution sectors would be made possible by the Itshowcase Live Liverpool. This is going to be a one of its kind event in the region and is expected to be attended by a large number of exhibitors as well as visitors.

Venue: Liverpool, United Kingdom Energy Expo

Date: 15 - 18 October, 2013

Energy Expo-Belarus is the International exhibition on energy generation and conservation, to showcase the progress made, deliberate the potential opportunities and challenges facing the industry and to create a road map for sustainable growth and development.

Venue: Minsk, Belarus LitEx

Date: 15 - 18 October, 2013

LitEx is an international exhibition that focuses on foundry production, technology, equipment and materials for molding manufacture. The exhibition will be a focused event that will be showcasing latest developments in molding, rigging and casting equipments.

LitEx has been witnessing constant growth in the list of participants as various industries from the mainstream of foundry, casting and molding will be presenting in this show. International exposure and presence further lightens the business expanse and outreach of this show.

Venue: Dnipropetrovs’k, Ukraine ]102]

Industry Leaders Magazine | August 2013

Logistics and Supply chain Reciclatech

Date: 05 - 07 November, 2013

Reciclatech is going to be a significant event that will take place for a period of three days and the venue is in Sao Paulo, Brazil. The main aim of this event is to deal with the waste that can be reused or recycled and tailing that different rubbish, is not amenable to reuse. The visitors here are customers and holders of public urban sanitation and waste management solids, companies dealing with this field, entrepreneurs and technical professionals interested in these new technologies and services to new law, Municipal Providers, key decision makers, professionals and more.

Venue: Sao Paulo, Brazil Aft Asia

Date: 07 - 09 November, 2013

Aft Asia is a vital event to be held in Bangkok Thailand for a quality period of three days. This event will establish itself as the benchmark in the transportation industry. This show will be scaled up to even greater heights, offering a better, more rounded experience to both exhibitors and visitors. It will majorly focus on providing strong support to the use of alternative fuel in transportation for maintaining the sustainability in this sector. A wonderful chance will be given to the exhibitors to showcase their product and services.

Venue: Bangkok,Thailand Festivak

Date: 13 - 14 November, 2013

Festivak is going to be one of the biggest and most appealing fair in Belgium.

It will be the greatest venue in the fields of public event. The venue will speak about the modern techniques and trends adopted by the leading suppliers, their latest developments and about their upcoming products. The visitors will come to know more about the techniques and products by means of various workshops, extensive synopsis of the program and exhibitions.

Venue: Utrecht, The Netherlands Czechbus

Date: 14 - 16 November, 2013

The Czechbus event will be held in Central Europe for three days. The shows will be quite interactive and will focus on the road transport problem in Central Europe. The show will be focusing on strengthening public and collective transport and promote the recovery of the bus movements in the area.

Venue: Praha, Czech Republic ]103]

Industry Leaders Magazine | August 2013

EVENT & TRADESHOWS Food and Drink InterFood Novosibirsk

Date: 06 - 08 November, 2013

Food Sib is directed towards emerging as a perfect platform for food and Agriculture trade in Russia. Being convoked at World Trade Center Novosibirsk, the show will be organized by The Siberian Fair. It is 3 days show which will be attended by Professionals related to Food and beverages, fine food, delicatessen fare, products with Protected Designation of Origin, etc.

Venue: Novosibirsk, Russia Mafex

Date: 07 - 09 November, 2013

MAFEX ranks among the premier food sector trade shows in Morocco. The event is attended by several qualified industry specialists and decision making authorities and the latest market updates and happenings are closely deliberated upon here. Over 450 professional exhibitors participate in the event and an impressive range of food ingredients, flavors, dairy products, process technology equipments and packaging solutions is put on show here.

Venue: Casablanca, Morocco Forum Vini

Date: 08 - 10 November, 2013

FORUM VINI with its proven concept as a sales show with tastings and an attractive ancillary programme is primarily designed for private customers, but has been appreciated also by speciality retailers, top restaurants and hotels to an increasing degree. From 8-10 November 2013 FORUM VINI celebrates its 28th anniversary. At one of the largest fairs for wine consumers, a multitude of exhibitors present a broad range of offers every year in November.

Venue: Minsk, Belarus Slow Food Market

Date: 08 - 10 November, 2013

The Slow Food Market event is one of the biggest shows for the agricultural industry in Zurich. The event will be held for a period of three days.

The event will display a huge variety of food items like the flour, bread, pastries, cookies, cakes and stock flour, chocolate, jam, honey, ice-cream, wines, juices, beverages, non-veg food items, dairy products, crops, fruits and vegetables.

The Slow Food Market event will be hosted by more than 160 exhibitors and is expected to draw in more than 7400 visitors. The visitors will come across various food items in the show and will also be able to taste them. The show will be accompanied by cooking shows from the reputed chefs.

Venue: Zurich,Switzerland ]104]

Industry Leaders Magazine | August 2013