Firing Randy Carlyle as coach of the Toronto Maple Leafs is like firing the bus driver because his route goes through a bad part of town.
It is dumb, it is defeatist and it is the endlessly mediocre way of the Leafs.
Toronto canned Carlyle on January 6, but he will find another coaching job.
He led Anaheim to the Stanley Cup in 2007 and that makes him a safe choice.
What is worth noting is that when he got his first coaching job in the NHL, he was not a safe choice. He was a bold one.
For five-and-a-half seasons Carlyle had coached the Manitoba Moose in a league one level below the NHL.
He did solid work but, back then, minor-pro coaches were considered second-rate.
The tried and true way to become an NHL coach was to get a job as an NHL assistant, then move up when the main guy got sacked.
In the summer of 2005, the Anaheim general manager, Brian Burke, took a risk and hired Carlyle.
When the 2005/06 season began, Carlyle was one of only six coaches in the 30-team NHL to have been plucked directly from the minor-pro level.
Carlyle vindicated Burke’s audacity with the 2007 cup win and, soon, minor-pro coaches were winning jobs left and right.
One was Bruce Boudreau, who took over the Washington Capitals in November 2007.
He would be fired four years later – and two days after that, he replaced Carlyle in Anaheim.
In a nutshell, Carlyle was fired to make way for someone who had benefited from his success.
Provenance of NHL coaches at start of 2005/06 season
* = hired directly from minor pros.
* Anaheim: Randy Carlyle had been coach of the Manitoba Moose of the American Hockey League (Anaheim hiring date: August 1, 2005).
Atlanta: Bob Hartley had been the Colorado coach.
* Boston: Mike Sullivan had been coach of the Providence Bruins of the AHL (Boston hiring date: June 23, 2003).
Buffalo: Lindy Ruff had been an assistant coach with Florida.
Calgary: Darryl Sutter had been the San Jose coach.
Carolina: Peter Laviolette had been the New York Islanders coach.
* Chicago: Trent Yawney had been coach of the Norfolk Admirals of the American Hockey League (Chicago hiring date: July 7, 2005).
Colorado: Joel Quenneville had been the St Louis coach.
Columbus: Gerard Gallant had been an assistant coach with the team.
Dallas: Dave Tippett had been an assistant with Los Angeles.
Detroit: Mike Babcock had been the Anaheim coach.
Edmonton: Craig McTavish had been an assistant with the team.
Florida: Jacques Martin had been the Ottawa coach.
Los Angeles: Andy Murray had been coach at Shattuck-Saint Mary’s prep school in Minnesota.
Minnesota: Jacques Lemaire had been the New Jersey coach.
* Montreal: Claude Julien had been coach of the Hamilton Bulldogs of the AHL (Montreal hiring date: January 17, 2003).
* Nashville: Barry Trotz had been coach of the Portland Pirates of the American Hockey League (Nashville hiring date: August 6, 1997).
New Jersey: Larry Robinson had been the Los Angeles coach.
* New York Islanders: Steve Stirling had been coach of the Bridgeport Sound Tigers of the AHL (New York hiring date: June 3, 2003)
New York Rangers: Tom Renney had been the team’s vice president of player development.
Ottawa: Brian Murray had been the Anaheim coach.
Philadelphia: Ken Hitchcock had been the Dallas coach.
Phoenix: Wayne Gretzky was part-owner of the team.
Pittsburgh: Ed Olczyk had been a broadcaster with the team.
San Jose: Ron Wilson had been the Washington coach.
St Louis: Mike Kitchen had been an assistant with the team.
Tampa Bay: John Tortorella had been an associate coach with the team.
Toronto: Pat Quinn had been the Vancouver general manager.
Vancouver: Marc Crawford had been Colorado’s coach.
Washington: Glen Hanlon had been an assistant with the team.
rmckenzie@thenational.ae
Follow us on Twitter @SprtNationalUAE
KEY DATES IN AMAZON'S HISTORY
July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington
July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon
1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024
1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs
2000: Amazon Marketplace opens, allowing people to sell items on the website
2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006
2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black
2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year
2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video
2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started
2009: Amazon introduces Amazon Basics, its in-house label for a variety of products
2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013
2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS
2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa
2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition
2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone
COMPANY PROFILE
Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside
CHATGPT ENTERPRISE FEATURES
• Enterprise-grade security and privacy
• Unlimited higher-speed GPT-4 access with no caps
• Longer context windows for processing longer inputs
• Advanced data analysis capabilities
• Customisation options
• Shareable chat templates that companies can use to collaborate and build common workflows
• Analytics dashboard for usage insights
• Free credits to use OpenAI APIs to extend OpenAI into a fully-custom solution for enterprises
J Street Polling Results
97% of Jewish-Americans are concerned about the rise in anti-Semitism
76% of US Jewish voters believe Donald Trump and his allies in the Republican Party are responsible for a rise in anti-Semitism
74% of American Jews agreed that “Trump and the Maga movement are a threat to Jews in America"
THE SPECS
Engine: 1.5-litre turbocharged four-cylinder
Transmission: Constant Variable (CVT)
Power: 141bhp
Torque: 250Nm
Price: Dh64,500
On sale: Now
Top 10 most competitive economies
1. Singapore
2. Switzerland
3. Denmark
4. Ireland
5. Hong Kong
6. Sweden
7. UAE
8. Taiwan
9. Netherlands
10. Norway
UAE currency: the story behind the money in your pockets
COMPANY PROFILE
Company name: Revibe
Started: 2022
Founders: Hamza Iraqui and Abdessamad Ben Zakour
Based: UAE
Industry: Refurbished electronics
Funds raised so far: $10m
Investors: Flat6Labs, Resonance and various others
More from Neighbourhood Watch:
TWISTERS
Director:+Lee+Isaac+Chung
Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos
Rating:+2.5/5
MATCH INFO
Europa League final
Marseille 0
Atletico Madrid 3
Greizmann (21', 49'), Gabi (89')
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 247hp at 6,500rpm
Torque: 370Nm from 1,500-3,500rpm
Transmission: 10-speed auto
Fuel consumption: 7.8L/100km
Price: from Dh94,900
On sale: now
A Long Way Home by Peter Carey
Faber & Faber
A QUIET PLACE
Starring: Lupita Nyong'o, Joseph Quinn, Djimon Hounsou
Director: Michael Sarnoski
Rating: 4/5
Company Profile
Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government
TERMINAL HIGH ALTITUDE AREA DEFENCE (THAAD)
What is THAAD?
It is considered to be the US's most superior missile defence system.
Production:
It was created in 2008.
Speed:
THAAD missiles can travel at over Mach 8, so fast that it is hypersonic.
Abilities:
THAAD is designed to take out ballistic missiles as they are on their downward trajectory towards their target, otherwise known as the "terminal phase".
Purpose:
To protect high-value strategic sites, such as airfields or population centres.
Range:
THAAD can target projectiles inside and outside the Earth's atmosphere, at an altitude of 150 kilometres above the Earth's surface.
Creators:
Lockheed Martin was originally granted the contract to develop the system in 1992. Defence company Raytheon sub-contracts to develop other major parts of the system, such as ground-based radar.
UAE and THAAD:
In 2011, the UAE became the first country outside of the US to buy two THAAD missile defence systems. It then stationed them in 2016, becoming the first Gulf country to do so.
Specs: 2024 McLaren Artura Spider
Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now
World ranking (at month’s end)
Jan - 257
Feb - 198
Mar - 159
Apr - 161
May - 159
Jun – 162
Currently: 88
Year-end rank since turning pro
2016 - 279
2015 - 185
2014 - 143
2013 - 63
2012 - 384
2011 - 883
Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
FROM THE ASHES
Director: Khalid Fahad
Starring: Shaima Al Tayeb, Wafa Muhamad, Hamss Bandar
Rating: 3/5
