Jeffrey Sonnenfeld, a dean at the Yale School of Management, has come down heavily on the flamboyant Tesla CEO Elon Musk, holding him directly responsible for the electric car maker’s first-quarter loss. Terming the loss as “catastrophic,” Sonnenfeld exhorted Tesla’s board to hold Musk responsible. The carmaker missed Wall Street estimates by four times over […]
Chris Hughes, who co-founded Facebook in 2004 along with Mark Zuckerberg, now says that Facebook is becoming a powerful monopoly with no accountability that must be broken up by the government. Hughes expressed his views in an opinion piece for the New York Times. Hughes left the company to work in the 2008 presidential campaign for […]
In response to anticipated earnings announcements, the price of Apple’s stock has moved precipitously in either direction since last October. For those interested in purchasing the stock, a few observations may prove helpful in making an informed investment decision. Here is an easy way to predict the stock price of Apple, based on investment analysis […]
When waves of middle-class and poverty-stricken migrants leave a country, many assume that it’s for reasons related to security, unemployment, or political instability. However, a more reliable barometer of a country’s social and political health may be measured in the migrations of the wealthy. In 2018 alone, more than 108,000 millionaires and billionaires fled their native […]
Philip Morris International, the world’s largest tobacco company and manufacturer of the Marlboro brand, is venturing into the life insurance industry. A UK-based subsidiary company of Philip Morris will be called Reviti and sell life insurance products. The goal of Philip Morris, via Reviti, is to get traditional cigarette smokers to switch to newer, smokeless […]
Ride-hailing services Lyft and Uber both had recent initial public offerings that doubtlessly made company insiders instantly rich, though shares almost immediately tanked. Meanwhile, drivers say they’re getting screwed. Lyft and Uber drivers in multiple cities around the world held rallies, multiple-hour stoppages, and two-day work strikes in Atlanta, Boston, Chicago, Connecticut, Los Angeles, New […]
Martin Shkreli, an infamous drug company executive known as the “Pharma Bro,” has been moved to solitary confinement and ultimately removed from a minimum security environment at the Fort Dix federal prison in New Jersey. His alleged new crime: Shkreli reportedly smuggled in a cell phone and was using it to run his drug business, Phoenixus AG. […]
According to recent studies, the rate of income inequality between the poor and rich in the United States hasn’t been this stark since the Great Depression. It’s all relative, of course. According to the elite private bankers you’re not really, really rich unless you have at least $25 million in the bank. Private bankers and […]
“Bee rustlers” sounds like a punchline, but renting hives on active farmland is big money to food growers around the world. Beehive theft likely means higher food costs for everyone. Large swathes of the global food economy are wholly dependent on honey bee pollination for profit. By some research estimates, more than $577 billion in global […]
Carl’s Jr, the Tennessee-based franchise burger chain, recently tested a new hamburger called the Rocky Mountain High: Cheeseburger Delight. It was the first fast food ever to contain CBD, or cannabidiol. CBD is a non-psychoactive ingredient found in marijuana and hemp. CBD will not get you high, but users claim that CBD alleviates stress and promote […]
