Debating chambers in the world. This is one of the biggest speeches of his life. [applause] well, thank you. It is a pleasure to be here. I am nervous. This is a big speech for me. This is one of the biggest of my life, in fact. You are looking at me like i am not. Nuts. I left microsoft a month ago. I will the first speech give and maybe the last if it does not go well. Am a little nervous what do you talk about now . I want to pick seems that i would have talked about when i was at microsoft. I am clearly the former ceo. I want to speak about things that i would say upon reflection that i learned about business. We will see how that goes. I joined microsoft 34 years ago. At the time, the company was 30 people. We had done two and a half million of good revenue the year before. I had been screwing around in school during the first five years of the companys history. When i joined, the company was five years old. You can say two and a half million is a lot of money. The 80 billion that
Risk.net
Libor is ending, and corporates need to know their options
Banks must speak to Main Street now if US Libor transition is to succeed, argue ARRC working group leaders
Risk.net montage
19 Jul 2021
In the six months Libor has left, thousands of Main Street borrowers face a critically important choice: what rate to use in place of the outgoing benchmark?
As things stand, most borrowers are aware of the need to transition. Many have a preference for a replacement that is based upon the secured overnight financing rate, or SOFR – the officially endorsed successor to US dollar Libor – rather than one of the credit-sensitive alternatives that could see the cost of borrowing climb at times of stress. But the majority have not yet been approached by their banks to discuss the available options in detail, or to thrash out transition plans.