1. A Hedge Fund Manager's Meeting With Uber's CFO Perfectly Captures What's Wrong with Corporate America

    Business Insider BoardBlogs
    A Hedge Fund Manager's Meeting With Uber's CFO Perfectly Captures What's Wrong with Corporate America

    Some of Wall Street's hedge-fund community is becoming increasingly vocal about a serious problem with corporate America. Mike Novogratz, president of $70 billion investment fund Fortress Investments, gave a perfect illustration of this problem on Sunday's episode of "Wall Street Week. " The anecdote was about a meeting he'd had with the former CFO of Uber, Brent Callinicos. Novogratz didn't mention Callinicos by name, referring to him only as "Uber's CFO.

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    1. We aren't aware of the conversation Mr. Novogratz is referring to, but the numbers he refers to are not new. Uber's software licensing fee currently varies by product and city and ranges from 20-30%.
    2. It concerns us that, in the wake of the financial crisis, many companies have shied away from investing in the future growth of their companies.
    3. We aren't aware of the conversation Mr. Novogratz is referring to, but the numbers he refers to are not new. Uber's software licensing fee currently varies by product and city and ranges from 20-30%.
    4. We aren't aware of the conversation Mr. Novogratz is referring to, but the numbers he refers to are not new. Uber's software licensing fee currently varies by product and city and ranges from 20-30%.
    5. We aren't aware of the conversation Mr. Novogratz is referring to, but the numbers he refers to are not new. Uber's software licensing fee currently varies by product and city and ranges from 20-30%.
    6. We aren't aware of the conversation Mr. Novogratz is referring to, but the numbers he refers to are not new. Uber's software licensing fee currently varies by product and city and ranges from 20-30%.
    7. We aren't aware of the conversation Mr. Novogratz is referring to, but the numbers he refers to are not new. Uber's software licensing fee currently varies by product and city and ranges from 20-30%.

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