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These Are The Ten Biggest Cryptocurrencies On Solana Ecosystem

The Solana Ecosystem is known to be a high-performance blockchain that provides block explorer and network performance. This ecosystem is growing popular among developers for being a fast, secure and censorship-resistant blockchain that offers an open infrastructure for global adoption. This ecosystem offers about 250 services, including analytics, tools, wallets, exchange, investment funds, cryptocurrency apps, …

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These Are the Top Ten Stock Holdings of Stanley Druckenmiller

Stanley Druckenmiller is one of the most respected executives in the hedge fund industry. He founded Duquesne Capital in 1981, but closed the fund in 2010. At the time, the fund had more than $12 billion in assets. Druckenmiller has worked for George Soros as well. Now, Druckenmiller manages his money through a family office. …

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Facebook Claims Instagram Is Not Toxic In Response To WSJ Report

Almost two weeks after The Wall Street Journal’s unfavorable report, the internet giant has hit back. Facebook, Inc. (NASDAQ:FB) has claimed that Instagram is not toxic for teenage girls, and asserted that the newspaper’s depiction of the company’s internal research on the matter was “not accurate.” There has been much talk in recent years about …

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These Are The 10 Biggest Consumer Food Companies

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Like many other industries, the consumer food industry also had a tumultuous 2020. Though the industry showed positive signs in the latter part of the year, it is now facing challenges in the form of changing consumer trends. Most consumers say (or believe) that they have changed their food habits due to the coronavirus pandemic. It will be interesting to see how quickly consumer food companies are able to make changes to their offerings to meet the changing consumer needs. Amid such a backdrop, let’s take a look at the ten biggest consumer food companies.

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Q2 2021 hedge fund letters, conferences and more

SALT New York 2021: Wences Casares And Peter Briger On The Macro Case For BitcoinAt this year’s SALT New York conference, Wences Casares, the chairman of XAPO, and Peter Briger, the principal and co-chief executive officer of Fortress Investment Group discussed the macro case for Bitcoin. Q2 2021 hedge fund letters, conferences and more XAPO describes itself as the first digital bank of its kind, which offers the “convenience” Read More

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Ten Biggest Consumer Food Companies
To rank the ten biggest consumer food companies, we have referred to the latest available revenue numbers. These are the ten biggest consumer food companies:

Hershey ($7,986 million)

Founded in 1894, this company makes and markets chocolate and sugar confectionery products. Hershey Co (NYSE:HSY) has the following geographical segments: North America, and International and Other. Its shares have returned more than 14% in the past one year and over 1% in the past three months. Hershey is headquartered in Hershey, Pa. and has over 15,000 employees.

Hormel Foods ($9,497 million)

Founded in 1891, this company produces meat and food products. Hormel Foods Corp (NYSE:HRL) has the following business segments: Jennie-O Turkey Store, Grocery Products, Refrigerated Foods, and International and Other. Its shares have returned more than -10% in the past one year and over -12% in the past three months. Hormel Foods is headquartered in Austin, Minn. and has over 18,000 employees.

Conagra Brands ($9,538 million)

Founded in 1919, this company makes and sells processed and packaged foods. Conagra Brands Inc (NYSE:CAG) has the following business segments: Refrigerated and Frozen, Foodservice, Grocery and Snacks and International. Its shares have returned more than -7% in the past one year and over -6% in the past three months. Conagra Brands is headquartered in Chicago, Ill. and has over 17,000 employees.

Campbell Soup ($9,909 million)

Founded in 1922, this company makes and markets convenience food products, including healthy beverages, simple meals, soup and snacks. Campbell Soup Company (NYSE:CPB) has the following business segments: Meals and Beverages, and Snacks. Its shares have returned more than -6% in the past one year and over -6% in the past three months. Campbell Soup is headquartered in Camden, N.J. and has over 18,000 employees.

Kellogg ($13,578 million)

Founded in 1906, this company makes, markets and distributes ready-to-eat cereal and convenience foods. Kellogg Company (NYSE:K) owns several popular brands, including Kellogg’s, Cheez-It, Pringles and more. It makes crisps, cookies, crackers and other convenience foods. Its shares have returned more than 1% in the past one year and almost -2% in the past three months. Kellogg is headquartered in Battle Creek, Mich. and has over 30,000 employees.

Land O’ Lakes ($13,887 million)

Founded in 1921, it is a member-owned cooperative that offers local cooperatives and agricultural producers with an extensive line of agricultural supplies. Land O’ Lakes also offers state-of-the-art production and business services. It is a private company that is headquartered in Minnesota City, Minn. and employs more than 7,000 people.

General Mills ($16,865 million)

Founded in 1928, this company makes and markets branded consumer foods sold through retail stores. General Mills, Inc. (NYSE:GIS) has the following business segments: Europe & Australia, Convenience Stores & Foodservice, North America Retail, Pet and Asia & Latin America. Its shares have returned more than 1% in the past one year and over -2% in the past three months. General Mills is headquartered in Minneapolis, Minn. and has over 40,000 employees.

Kraft Heinz ($24,977 million)

Founded in 2015, this company makes and markets food and beverages, including ambient meals, frozen and chilled meals, sauces, cheese, dairy and more. Kraft Heinz Co (NASDAQ:KHC) has the following business segments: Canada, United States and International. Its shares have returned more than 23% in the past one year and over -10% in the past three months. Kraft Heinz is headquartered in Pittsburgh, Pa. and has over 35,000 employees.

Mondelez International ($25,868 million)

Founded in 1903, this company makes and markets snack food and beverages. Mondelez International Inc (NASDAQ:MDLZ) offers gum & candy, beverages, cheese & grocery, biscuits, chocolate and meals. It owns some of the world’s most popular brands, including Trident gum, Oreo, Cadbury, Cadbury Dairy Milk and more. Its shares have returned more than 8% in the past one year and over -3% in the past three months. Mondelez International is headquartered in Chicago, Ill. and has over 80,000 employees.

PepsiCo ($67,161 million)

Founded in 1965, this company makes, markets, distributes and sells food, beverages, and snacks. PepsiCo, Inc. (NASDAQ:PEP) sells its products under several popular brands, including Quaker, Tropicana, Frito-Lay, Gatorade, Pepsi-Cola and more. Its shares have returned more than 16% in the past one year and over 4% in the past three months. PepsiCo is headquartered in Purchase, N.Y. and has over 265,000 employees.
Updated on Sep 21, 2021, 11:45 am

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Firing A “Good” Employee? Follow These Steps To Protect Your Company And Its Culture

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Managing a startup is like a roller coaster with many ups and downs. With critical decisions being made on what feels like a daily basis, uncertainty is the queen. The team you build to go on this roller coaster with you is, of course, incredibly important. This is why building the right team is the founder’s first and most impactful mission.

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Get The Full Ray Dalio Series in PDF
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Q2 2021 hedge fund letters, conferences and more

This Event-Driven Fund Won In August With The Largest U.S. Cannabis REITDG Value Partners II Class C was up 9.05% for August, bringing its year-to-date return to 44.82%. The S&P 500 was up 3.04% for August, with a year-to-date return of 21.58%, while the HFRI index is up 10.31% for the first eight months of the year. Q2 2021 hedge fund letters, conferences and more DG Read More
In a startup, every individual team member counts, since our teams are small and each one of us can make a difference. The company’s performance depends on every single person, with little room for mistakes. In every startup, the clock is ticking. It’s us against time as we work to scale quickly.
Just as founders live by the mantra of “fail fast” when your model isn’t working, you need to “fire fast” if you realize that someone isn’t a fit. This might feel cold to some but it’s critical, given the time required to recruit and train replacements. Furthermore, and of equal importance, a person who is not a good fit inevitably disrupts culture and morale. When someone does not meet the expectations of the company or its values, the whole team feels it. You don’t always fire people because they don’t succeed, or because they are not great people. Sometimes, it’s just not a match.
When building a team, you connect with people, forging team bonds in a special way. As an Israeli founder, it feels very similar to the bonds I formed serving in the military. Firing talented people that are part of the founding team involves a lot of emotional aspects. When you run into a scenario where you have to get rid of a “good” employee that you personally like, it’s that much harder and comes with strong feelings of grief. You grieve the relationship you are losing, similar to going through a relationship break up.

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Tips To Keep In Mind Before Firing A “Good” Employee
There are a number of steps I learned in my time in the military and as a founder that have helped me overcome the grief of having to get rid of an employee that I like. It’s critical to be honest, transparent and generous in the process. Founder should keep in mind these lessons when firing a “good” employee:

Communicate With Your Team

Share your thoughts and feelings with your co-founders, management team, partners and investors. This provides critical opportunities to not only update key members of your team about your decision but to also gather advice from people who may have gone through similar experiences. After sharing your feelings with multiple people, you’ll not only feel better but you’ll be armed with good insights to share with your team. I’ve been able to develop a great relationship with one of our investors who I always go to first for advice about team members. I tend to give colleagues who are not a good fit more credit than they are due but this investor, who is looking at things from more of a distance, helps me cut to the chase and evaluate colleagues without the additional credit.
It’s also critical to communicate about the decision with your full team. I’ve found this is best done during all-hands meetings when you can encourage questions and feedback. Communication is a two-way street at a startup and you need to embrace that.

Don’t Be Afraid To Be Honest

When dealing with the colleague who you are considering letting go, being clear and honest and providing feedback is always key. Despite the discomfort it may cause in the moment, honesty is key so your team members always know when they are not meeting expectations. If you’re brutally honest with colleagues, both in the good times and also the bad, it’s not a surprise if a decision is made to let a team member go.
As you’re providing feedback to your team, keep in mind that you might not like to give “negative” feedback but studies have shown that employees actually want to hear it so they know how to improve. I recently saw this where I provided clear feedback to a team member who is not comfortable with numbers, which means he tends to describe things vaguely and without specifics or data. I sat with him and practiced how to present numbers, directly, telling him it is a big issue and an opportunity for him. He has since embraced that and quickly found ways to improve.

Be Transparent

Be transparent about the reason you’re making your decision when you speak with the person you’re letting go. Be clear about why they are not a fit but also give them advice about how to improve in the future. They already lost their job, don’t let them lose the opportunity to learn a lesson.

Be Generous

Just because the person is not a good fit doesn’t mean you have to leave them to the wolves. It’s important to be empathetic and put yourself in their shoes. Providing a generous severance package that allows them time to find their feet will make a bitter experience a bit sweeter.
When I had to make the difficult decision to let go of a talented employee who simply was not a fit for the role we needed, I made a point of ensuring we provided a generous goodbye package. The employee was incredibly grateful, thankful and we continue to have a positive relationship to this day.

Consider Legal Ramifications

I’ve learned that if you follow the steps above, you’re not only being fair to the person you are letting (and your full team) but you are also protecting yourself from the legal or HR considerations. But that doesn’t mean you should throw any legal concerns by the wayside. The most important thing to consider is that you are following all of your own policies. Make sure you closely follow the employee handbook, if you have one, and document the specific performance issues, if any, for the employee.
Conclusion
There are many lessons that a startup founder needs to learn on the fly. Business is a jungle and leading and growing a new company can be a cutthroat experience. When it comes to dealing with people though, leaders need to slow down and remember their humanity. Grief, loss and sorrow are feelings that leaders and their employees will have to cope with on their startup journey and dealing with those feelings correctly is critical. If they do, there will be many successes and joys to celebrate along the way.

About the Author
Irad Eichler has built a successful career that is based on helping others. Irad is the CEO and co-founder of Circles, an online platform helping everyone overcome life’s most difficult challenges by providing emotional support in group settings. He founded Circles after his mother was diagnosed with cancer and found comfort connecting with other cancer patients. Irad previously founded the Shekulo Tov Group in 2004, a nonprofit that has been recognized by the U.N. & the World Economic Forum for supporting people with mental health issues or developmental disabilities. 
Updated on Sep 10, 2021, 12:00 pm

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Not Many Know About This Secret Coronavirus Stimulus Check

There are no official talks yet on another round of stimulus checks, and so it is very unlikely that Congress would send more stimulus payments. However, one lesser known or secret coronavirus stimulus check is still available, but not many know about it, and it is the Child and Dependent Care Credit. Secret Coronavirus Stimulus Check Is Also …

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Financial Challenges and Solutions for Millennial and Gen Z Mothers

As the world spins, so do the circumstances for society, and modern mothers have had to deal with unprecedented caveats in 2021. Now, an understanding of constantly advancing technologies, prevailing social justice and political issues, and capacities to navigate a global pandemic are required maternal knowledge—making for some unique financial challenges for families in the Millenial and …

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