August 1, 2021
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  • 9:55 pm DN Tyre & Rubber Plc (DUNLOP.ng) 2013 Annual Report

first_imgWelcome to episode 17 of The CUInsight Experience podcast. Hosted by Randy Smith, co-founder and publisher of CUInsight.com. I’m excited to announce that Michael Reuter is joining me as today’s guest! In case you aren’t already familiar with Mike, he’s the Executive Director of the Worldwide Foundation for Credit Unions at WOCCU. We’ll chat about everything from the importance of doing global good, the benefits of US credit unions being involved in the larger global movement, and Mike’s own path to credit unions.Doing global good within this industry, Mike explains, is about taking the “why” of credit unions to a global level. This helps international credit union members who might think that they don’t have the ability to expand their business, grow their farm, or create a better life. Hearing Mike’s passion about this topic is a fantastic reminder of how much of a difference credit unions can make.One of the things I deeply admire about Mike is his work and leadership style. As you’ll hear today, he views being part of a team as one of the most important aspects of being a leader. It might not surprise you to learn that he’s also acutely aware of the need to listen first while forming opinions, and that he understands the need for patience.We’ll also dig into what role the Worldwide Foundation plays in addressing challenges resulting from climate change, business reasons for why it makes sense to get involved in the global movement, why storytelling is so important, and much more. If you’re in need of a great dose of inspiration to get you re-enthused about working in the credit union industry, don’t miss this fantastic conversation! Enjoy.Subscribe on: Apple Podcasts, Spotify, Google Podcasts, StitcherHow to find Mike:Michael ReuterExecutive Director, Worldwide Foundation for Credit [email protected] | Linkedin | InstagramShow notes from this episode:Check out the new and improved website for the Worldwide Foundation for Credit Unions: www.doglobalgood.orgWhile you’re at it pop on over to WOCCU as well and see all the amazing going on in credit unions globally: www.woccu.orgI’m a fan of this blog. A must read.  Field Notes: A blog of the Worldwide FoundationInterested in participating on a field engagement? Find out more here.Geez… It took us 10 minutes to mention DE. Mike and I will do better next time. But we did talk about it more later in the show. You should join the club. Find out more about CUDE here.Mike talked about the work they are doing with the Bill and Melinda Gates Foundation.Every dollar raised in the US system is leveraged into $44 through the Worldwide Foundation. Give nowBlog post mentioned to get your feet wet with the Worldwide Foundation: Three Ways Global Good Can Grow Your Credit Union.Shout-out to: Susan Mitchell, Crystal Long, Bill Cheney, Steve StappGoing to Rome or Lisbon? Walking tour I mentioned on the show: The Rogue HistoriansBest album of all time: Brothers by The Black KeysBook(s) mentioned: Start with Why by Simon Sinek, Leaders Eat Last by Simon Sinek, You are a Badass by Jen SinceroNow that you’ve listened, you probably want to donate to the Worldwide Foundation. Go global good. Become a global champion. We have a link for you here.Previous guests mentioned in the show: Doug Leighton, Jill Nowacki, Gigi Hyland, Jim NussleYou can find all past episodes of The CUInsight Experience here.In This Episode:[00:03] – Welcome back to the show! Today’s guest is Michael Reuter, the Executive Director of the Worldwide Foundation at WOCCU.[02:36] – What does doing global good mean to Michael?[04:00] – Michael talks about how he hopes that the credit union community engages to do more global good.[06:33] – Does Michael have a favorite story about the Worldwide Foundation doing good?[09:50] – We hear about whether there’s a business reason (rather than just wanting to do good) that credit unions in the United States should want to be actively involved in the global movement.[13:21] – What’s the biggest challenge that the Worldwide Foundation is currently facing?[17:10] – Michael talks about whether the effects of climate change are something that the Worldwide Foundation addresses.[18:22] – We learn about how credit unions and individuals can get involved with the Worldwide Foundation.[21:12] – One of Michael’s favorite posts on the Worldwide Foundation’s blog is one of the earliest ones: Three Ways Global Good Can Grow Your Credit Union.[22:32] – We move into the second part of the podcast, with Michael explaining what inspired him to take the gig at the Worldwide Foundation.[25:44] – Michael explains why he went through the Credit Union Development Education (DE) Program.[27:33] – Is there a belief currently held by credit unions that Michael thinks will significantly change in the foreseeable future?[29:02] – We hear about how Michael would describe his leadership style.[30:06] – Is there something that Michael’s team has heard him say so often that they could finish his sentence?[30:49] – Michael talks about whether there’s a mistake that he made early in his career, or that he sees young leaders make.[32:20] – Are there any failures in Michael’s career that ended up leading to a future success?[33:29] – We learn about a piece of advice that Michael has gone back to over and over throughout his career.[34:33] – Michael talks about the biggest point that he has brought from his experience in running museums into his work at credit unions.[36:36] – Does Michael have any hacks to get past the times when he runs into a brick wall?[37:45] – Michael chats about how he plans to keep his message fresh and relevant both within and outside his organization.[39:25] – What does Michael do when he has a free day? What does work/life balance look like for him?[40:44] – Michael starts off the rapid-fire question part of the show by talking about the first time that he got into memorable trouble.[41:58] – Does Michael have any daily routines that he needs to do, or his day feels off?[42:45] – What’s the best album of all time, that Michael can listen to without skipping a song?[43:22] – Is there a book that Michael has gifted, recommended, or thinks everybody should read?[44:17] – What has become more important to Michael as he has gotten older? What has become less important? What advice would he give his 25-year-old self?[45:11] – When Michael hears the word “success,” who’s the first person who comes to mind?[46:15] – Does Michael have any final asks or thoughts for listeners?[47:34] – What’s the best way to get in touch with Michael? 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Randall Smith Randall Smith is the co-founder of CUInsight.com, the host of The CUInsight Experience podcast, and a bit of a wanderlust.As one of the co-founders of CUInsight.com he … Web: www.CUInsight.com Detailslast_img read more

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first_imgLast Updated: 11th August, 2020 12:54 IST Formula 1 Revenues Drop By Whopping 96% In 2020, Record $136 Million In Losses The latest Q2 F1 financial report released by Liberty Media disclosed the impact of the pandemic on F1 revenue, as it dropped by a massive 96% year on year. Wasiq Agha F1 revenue plummeted to $24m in Q2 2020, down from $620 million in the same quarter of 2019. The fall in F1 revenue resulted in a massive overall loss with Formula 1 posting a $136 million loss in 2020, as compared to a $14m profit in Q2 2019. Overall, the coronavirus pandemic caused F1 revenue to drop by just under $600 million.Also Read: Mercedes F1 Team ‘badly Treated’ Vis-a-vis Ferrari, Unlikely To Sign New Deal: Toto WolffF1 revenue breakup for Q2 2020F1 revenue is divided into ‘primary revenues’ and ‘other revenues’. While primary F1 revenue includes money from race promotion fees, broadcast fees, advertising and sponsorship fees, secondary Formula 1 revenue comprises of hospitality and other event-based and television production activities. In the absence of races and subsequently fans, these figures reported a drop as well. The primary revenue figures reduced to $12m in Q2 2020, versus $531m in Q2 2019, while ‘other’ F1 revenue fell to $12m in 2020 from $89m in 2019.Also Read: Lewis Hamilton ‘ready’ To Commit To Mercedes For 3 Years On Mammoth £180 Million DealF1 TV ratings on the riseWith fans not allowed to attend Formula 1 races, the latest F1 TV ratings and figures have shown a slight increase in viewership. According to Sports Media Watch, the British Grand Prix averaged a 0.47 rating and 736,000 viewers on ESPN, making it the largest audience for the race since it last aired on broadcast television in 2012. Several other broadcasters reported an improvement in viewership as well. Sports Pro Media disclosed that Formula 1’s UK viewership for live races and highlights touched 13.63 million during the first three races of the 2020 calendar.Also Read: Lewis Hamilton Puts Off Signing New Mercedes Deal Due To ‘other People Losing Jobs’The contraction in F1 revenue has also impacted drivers and teams. Championship leader Lewis Hamilton recently talked about how the financial situation has prompted him to delay discussions on a new contract. Lewis Hamilton admitted that while he wants to continue with Mercedes, he feels this is not the right time to discuss numbers regarding a new contract, especially at a time when others are losing their jobs.Image Courtesy: Instagram/F1 SUBSCRIBE TO US LIVE TV First Published: 11th August, 2020 12:53 IST WATCH US LIVE COMMENT Sports around the world have been hit hard by the coronavirus pandemic. With fans not allowed at venues, teams and event organizers have had to suffer heavy losses with no ticket revenue coming in. One such sport has been Formula 1 with F1 revenue suffering massively due to the altered race calendar. A latest F1 financial report released by Liberty Media paints a similar picture, indicating how the coronavirus pandemic has impacted Formula 1’s finances.Also Read: Sebastian Vettel To Replace Sergio Perez At Aston Martin, Could Sign A Three Year ContractFormula 1 revenue crashes by 96% according to Liberty Media reportThe F1 financial report was released by Liberty Media, the US group controlled by billionaire John Malone which acquired Formula 1 in 2016. The F1 financial report for Q2 was released this week, with the financials indicating that revenue from the sport had reduced by 96% year-on-year. Due to the COVID-19 pandemic, the Formula 1 season was suspended with no races taking place during April, May and June. Last year, the same three-month period saw as many as seven races. Written By FOLLOW USlast_img read more

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