Some people are never happy: “Despite Instagram’s awesome performance and our monstrous return, a number of articles have come out criticizing us for not making even more money on our investment.” Tech VC firm Andreessen Horowitz on how they made 316 times their investment in Instagram, and why they didn’t make more, here.
“Two years ago we invested $250,000 in Instagram…the investment will be worth $78,000,000 when the Faceboook acquisition closes”
Reflecting the Government’s planned reform of financial services regulation, the Financial Services Authority has already divided itself internally into a Conduct Business Unit and a Prudential Business Unit; and in April this year started the split supervision of dual regulated firms between these two Units. Last week the FSA’s director of supervision at the Conduct Business Unit set out in a speech how – alongside these structural changes – the future Financial Conduct Authority will approach it supervision of the firms it regulates.
UPDATE 29 April 2012: The Court of Appeal has agreed with the High Court and confirmed that a parent company may owe a duty of care to an employee of a subsidiary, as we discuss in this post.
In Chandler v Cape, the High Court found that a holding company had, and had breached, a duty of care (in this case, in relation to health and safety) to an employee of a subsidiary company.
A partner cannot be an employee of a partnership, because an individual cannot employ herself.