Tagged with "Business"
UK Telegraph: How the 'Mormon city' is winning business from Wall Street
MR says: Interesting--Goldman Sachs has been extremely successful in Salt Lake City, which some are surprised about. Apparently while Wall Street was downsizing, the Salt Lake branch had a hiring spree. When the world’s biggest investment bank, Goldman Sachs, holds its annual shareholder jamboree this...
LDS Church sells Provo River tract to fund for development
MR says: The land will likely be turned into a fly-fishing ranch. A scenic tract of land on the upper Provo River owned by the LDS Church has been bought by a private equity fund than plans to turn the property into a high-end trout fishery and then sell it to another buyer. Sporting Ranch Capital...
Foundation provides business training to former LDS missionaries
MR says: What a cool service these people are providing! They've moved to the Philippines (where they say people are "trained to be employees") to teach RMs how to succeed in business. Despite what you may have heard on Broadway, there is no way to succeed in business without really trying. Even if you...
Newman's Own CEO commends BYU students for 'charitable motivation'
MR says: This president works on innovations to solve social problems and recently came to work with the BYU students on such projects. A recent trip to Utah filled one man with hope for the future of philanthropy. Robert H. Forrester, president and CEO of Newman's Own Foundation, traveled to BYU last week...
Opinion: A Mormon ward is a place to pray, not prey
MR says: The First Presidency recently released a statement reiterating the idea that we shouldn't count on church relationships to make business decisions. This columnist registers his thoughts on the subject. Last week, our bishop got up in sacrament meeting and read a letter to the congregation from...
LDS missionaries flock to Utah clothing stores
MR says: While some places of higher education are feeling the opposite trend, missionary outfitting stores are experiencing a business boom. David Steed favors eye-catching neck ties and strives to always plan in advance. Both came in handy for the 18-year-old Steed on a Friday afternoon at Mr. Mac, a...
Hobby Lobby finds way around $1.3-million-a-day Obamacare hit
MR says: Hobby Lobby has come to represent the fight private businesses face when they conflict with the government on religious matters. This is the latest development. By Friday, Hobby Lobby would have racked up $14.3 million in fines from the Internal Revenue Service for bucking Obamacare. But in keeping...
Increase in LDS missionaries a boon for local businesses
MR says: Missionary-specific businesses have understandably seen a boost in business since the recent increase in missionary numbers. The increased numbers of 18- and 19-year-old men and women heading out to serve a mission for The Church of Jesus Christ of Latter-day Saints means business is good for some...
Hobby Lobby to defy Obamacare contraception mandate, face millions in fines
MR says: The most recent update in this government vs. religion conflict. A daily fine of $1.3 million will begin Tuesday for the owners of national craft store chain Hobby Lobby, who have said they would rather defy a federal mandate to provide employees health insurance coverage certain contraceptive...
Embracing the future: Deseret Book undergoes transition from frontier bookstore to digital innovator
More than a century ago, a small bookstore opened its doors on South Temple in Salt Lake City, with hundreds of books arranged neatly on dozens of shelves. At the time, the bookstore stood on the edge of the frontier, a place where covered wagons rumbled down dusty dirt roads. Over the years,...
Ancestry.com reportedly agrees to $1.6 billion buyout
An investor group led by private equity firm Permira Advisers LLP has agreed to buy genealogy website Ancestry.com Inc for about $1.6 billion, or $32 a share, the Wall Street Journal reported, citing people familiar with the...
How Mormons have shaped modern management
In the final question of the second presidential debate, Romney chose to focus on his Mormon faith. He said, "My passion probably flows from the fact that I believe in God. And I believe we're all children of the same God. I believe we have a responsibility to care for one another. I — I served...
Mormons in America: The 'cosmopolitan and sophisticated' members
MR says: A very positive piece on the accomplishments and lifestyle of Mormons. Whether or not Mitt Romney makes it to the White House, his candidacy signals that Mormons have arrived in American political life. Just as President Obama’s nomination and election marked a sea change in the country’s...
Book shop continues to thrive on niche LDS offerings
MR says: Read about all of the rare Church history books and more that come through this bookstore. Very neat. With the book world belonging to Amazon, Barnes & Noble, ebooks and Kindles these days, being a small, independent book shop is a little like being a dolphin in a school of sharks. With...
The money behind the Mormon message
MR says: “The key to understanding church finances is to understand that they are a means to an end. They allow the church to carry out its religious mission across the world.” -LDS Church in response to critique of the Church's finances. In late March, the LDS Church completed an ambitious project: a...
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