Mixed Drinks

Fly Charts: Whiskey Vs. Coke, Private Equity's Equality Incentive

From oil's tech appetite to shaky Amazon friendships, here are four charts that tell you what you need to know in business today.
Photographer: Jeff J Mitchell/Getty Images

Good morning! This is Fly Charts, the daily charts-only newsletter from Gadfly; sign up here. From oil's tech appetite to shaky Amazon friendships, here are four charts that tell you what you need to know in business today.

Lopsided

Private equity does a pretty bad job of putting women in leadership positions. Research on returns suggests that this is a mistake worth correcting.

Source: Preqin, October 2017

Note: Female employees as a proportion of total employees by seniority

Never the Twain Shall Meet

In contrast with the actual products, it's surprisingly tough to blend soda and alcohol businesses. That poses a risk for Coke as it launches a canned alcoholic drink in Japan.

Source: Bloomberg

Note: PepsiCo not included because it doesn't break out food and beverages separately; earnings from equity investments in soda and liquor businesses at Coca-Cola and Kweichow Moutai are added to their respective totals. Asahi's "overseas" division has been grouped with alcoholic beverages, although it also sells soft drinks.

Helping Hands

The vast majority of goods sold on Amazon come from third parties. There's more that the e-commerce behemoth can do to keep those friends happy.

Source: Mizuho Securities

Note: India does not permit Amazon to sell its own merchandise in the country.

This Is What Distinterest Looks Like

Energy stocks are unloved these days, which helps explain the sector's burgeoning interest in cost-saving technology.

Source: Bloomberg

Note: Industry sector weights in the S&P 500.

And don't miss Tim Culpan on the underrated success of China's tech companies: "Witness the overuse of descriptive cliches -- X, the Netflix of China; Y, the Amazon.com of China; Z, the blah, blah of China. It's as if observers just can't give credit where credit is due. Alibaba Group Holding Ltd. shouldn't be known as anything but the Alibaba of China. Same goes for Tencent Holdings Ltd. At 55 percent (for Alibaba) and 51 percent (for Tencent), the duo's average revenue growth rates over the past eight quarters are almost double that of Amazon.com Inc. There's not much either company has copied from an overseas counterpart."

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

    To contact the author of this story:
    Max Nisen in New York at mnisen@bloomberg.net

    To contact the editor responsible for this story:
    Mark Gongloff at mgongloff1@bloomberg.net

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