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TUMTUM
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Winter break at the Efteling
Keep dreaming! Attractions at De Efteling don't last forever. That is what project coordinator Stefan van der Putten(20180343) says on the renovation of the attraction "Dreamflight." With that, you don't take a ride, no, you float through the attraction. After almost 30 years, the 425-meter long track, on which the 28 gondolas hang, does have some wear and tear." The maintenance of Droomvlucht will take four months and will cost over six million euros. On March 4, 2023, the dream should be a reality again. Source: Efteling.com
ROYAL PETRI
Once the pilgrimage site of hippies, San Francisco is now the capital of Tech multimillionaires. In October, MSc30 students from the Global Masters program traveled to the most expensive city in the US. This as part of the Innovation & Digitalization course. The students visited the Dutch Consulate, Salesforce, NXP, EY, Arcadis, Silicon Valley bank, Asana and Stanford University. They look back on an inspiring and unforgettable trip! On behalf of the " tech stars of the future," thank you to the cooperating alumni, including Lotte Vester (19970041) of Asana, Stefan van Buuren (20160525) of Arcadis and Brenda Santoro (19810614) of Silicon Valley Bank. AFNU veterans Ellen Teunissen (19830129) and Jack Roepers (19760067) provided guidance during the trip.
Sanderink shown the door at Centric
The flamboyant multimillionaire Gerard Sanderink no longer has anything to say at his life's work, ICT company Centric. In early November, the Enterprise Chamber of the Amsterdam Court of Appeal stripped him of his control as a shareholder and dismissed him as a director. Chairman Aernout Vink of the Enterprise Chamber was adamant in his verdict. The idiosyncratic behavior of Sanderink, who has been for years fighting a public feud with his ex lover Brigitte van Egten, was no longer able to make rational decisions about Centric. Alumnus CEO Peter Mous (19790091) was fired by Sanderink just before the verdict, who incidentally was accompanied to court by a new girlfriend. Love and business don't always fit together. However, Centric's future as a government ICT partner seems saved! Source AD
Drs. Petri Hofsté (19790047) MBA was appointed Officer in the Order of Orange-Nassau on November 9. This took place at our castle. It is in recognition of her many years of commitment to increased diversity and inclusion, particularly at the top of the Dutch business community. She is clearly a role model for female managers and directors, although men can also learn a lot from her. She has championed the issue of gender diversity in an extraordinary way. Management Scope magazine recently named her, for the third year in a row, as the most influential woman in Dutch business.
Results? App the YOUNGPROFS!
Some Nyenrodians don't waste time! Organizations looking to realize their impactful ambitions can contact YOUNGPROFS, an initiative of Sebas van Dongen (20200008) and Chris Swinkels (20200032). The gentlemen decided to go into business immediately after graduation. According to them, the big issues of our time call for new insights and techniques, in other words: for a new generation of Young Professionals. Curious? Take a ook at their website: www.youngprofs.one. (Source: YOUNGPROFS)
ADRI SIMAMORA GOES GLOBAL
Adri Simamora (20110402) starts as Global Head of Tech Finance Solutions at Sandoz. He has worked for many years for Sandoz in different parts of Europe. Since 2019, he has also been part of the Nyenrode Business University Advisory Board internationally. At the Inspiration Festival on June 4, he said the following:
KAPÉ BREUKELAAR (19860015)
BBA Nyenrode, is a partner of investment firm Amlon Capital. He previously wrote for eighteen years for The Telegraph and was a regular contributor to the television program Kassa.
Muscle mass
"Could you take a look at my financial picture?" Jaap I have known for many years, he is in his mid-fifties, a board member of a fine company and has about twelve more working years ahead of him. "Of course" I say, "just let me know when." A few weeks later we are sitting at the table. Jaap has prepared some things at my request, I get handed over a statement of his income, assets and debts. He also included a pension statement. If I subtract the debts from his assets, he is a millionaire. At first glance, that looks good. Pension accrual is an issue, though. Together with AOW, his gross income after retirement is around 65 thousand euros per year, about a quarter of his current gross income. "How much will you need net soon?" I ask. "I don't know exactly, I think around 80 thousand euros a year." We walk through the list of his assets together. The house is listed for 1.1 million with a mortgage of six tons, grace free and with an interest rate of only two percent. Jaap is a sailor and his boat is listed for 250 thousand euros. In addition to the company car, there is a private car with a daily value of 40 thousand euros. Jaap has accumulated two tons in investments and a ton in savings. "How much do you keep from your salary?" I ask him. "My salary generally goes up but I save from my bonus, usually net about 25 thousand euros a year. The house is expensive to maintain, we like nice vacations and the boat costs quite a bit, of course," Jaap replies. "So those savings and investments you built up from what you saved?" I ask. "Partly," Jaap says, "it's also the inheritance from my parents that I put in there".
I take a moment, look at his picture again and then at Jaap: "Compare it to the human body. Your house and mortgage make up the skeleton, the pension, investments and savings are the muscle mass and the boat, which is fat mass. You lack the financial muscle for the desired spending pattern after you quit. If you were to sell the boat, most of the fat gone. Then you would have 250 thousand euros of extra muscle mass and at least ten thousand euros less expenses. Your financial health is then much improved in one fell swoop. Besides, I doubt if you will soon make ends meet on 80 thousand euros a year. You are now spending around 130 thousand euros a year."
I look at Jaap and see that this is the message he feared. I explain it to him. "From pension and AOW you will soon have just over 40 thousand net per year. For every ten thousand euros of extra annual expenses you will soon need to have about a ton and a half of assets in savings and investments. So you need to build up extra muscle mass in the next ten years. This will only succeed by putting more money aside, selling the boat or living more cheaply. On paper you are a millionaire only the wealth is not in the right things." Two months later I speak to Jaap again. The boat has been traded in for a cheaper one, the same type they traded in years ago for a more expensive one. Nearly a ton and a half has thus been able to add to his investments. In addition, he now puts money aside every month from his salary. In twelve years he wants to have a million euros in muscle. They'll get by on that. ♦
