In defensive interview, Sam Bankman-Fried claims he’s broke and committed no fraud

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Description: Former FTX CEO Sam Bankman-Fried, in possibly the understatement of 2022, said Wednesday, “I’ve had a bad month.” The former billionaire added that he “didn’t do a good job” at upholding his responsibilities to regulators, customers and investors in a hotly anticipated conversation with CNBC’s Andrew Ross Sorkin at the DealBook Summit. Source: CNBC.com… Read more »

Have the Anticapitalists Reached Harvard Business School?

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Description: Social justice joins discounted cash flows on the syllabus as essential knowledge for aspiring corporate leaders. Source: NYTimes.com Date: Nov 28, 2022 Link: https://www.nytimes.com/2022/11/28/business/business-school-social-justice.html?smid=em-share Questions for discussion: What are the main arguments presented in this article? Where do you stand on these questions? What do you believe are the obligations of the corporation to… Read more »

New Report: How Companies Are Faking Their DEI Strategy and Making It Worse for Workers

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Description: While more employers truly care about diversity, equity and inclusion (DEI), it is just a box to tick for many others ​Source: INC.com Date: Nov 21, 2022 Link: https://www.inc.com/marcel-schwantes/new-report-how-companies-are-faking-their-dei-strategy-making-it-worse-for-workers.html Questions for discussion: Summarize the research presented. Do you agree with the analysis and explanations for the results presented? What does this report say about… Read more »

Bob Iger returns as Disney CEO, replacing Bob Chapek after a brief, tumultuous tenure

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Description: Bob Iger is back. Disney, in a shocking late Sunday announcement, said it had reappointed Iger as chief executive, effective immediately, after Iger’s hand-picked successor as CEO, Bob Chapek, came under fire for his management of the entertainment giant. Source: CNBC.com Date: Nov 21, 2022 Link: https://www.cnbc.com/2022/11/21/bob-iger-named-disney-ceo-effective-immediately.html Questions for discussion: What does this story say about… Read more »

Disney’s CEO Boomerang Reveals Iger’s Biggest Failing

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Description: The hero’s return should be viewed as a failure in leadership when it comes to the essential task of picking a worthy successor. Source: Bloomberg.com Date: Nov 22, 2022 Link: https://www.bloomberg.com/opinion/articles/2022-11-22/disney-s-ceo-boomerang-reveals-bob-iger-s-biggest-failing?srnd=premium-canada&leadSource=uverify%20wall Questions for discussion: Summarize the evaluation of Bob Iger’s leadership in this opinion piece. Do you agree with this assessment?

‘Nobody wants that job’: Some businesses are turning to robots to solve labour shortage woes

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Description: Hiring problems have forced some to embrace automation, but business investment faces headwinds in a slowing economy Source: FinancialPost.com Date: Nov 22, 2022 Link: https://financialpost.com/fp-work/nobody-wants-that-job-some-businesses-are-turning-to-robots-to-solve-labour-shortage-woes Questions for discussion: What is driving investment towards greater mechanization, automation and robotics? Has the model for business decision-making about the choice between employees versus machines changed? Do you… Read more »

Elon Musk’s backers cheer him on, even if they aren’t sure what he’s doing to Twitter

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Description: Elon Musk’s acquisition of Twitter has not exactly taken off like a rocket. After trying desperately to get out of the $44 billion purchase, he faced a court battle for reneging. So he went through with it, while complaining that he was “obviously overpaying.” Mass layoffs and mass resignations have left Twitter a shadow… Read more »

Iger announces first big moves in new tenure as Disney CEO: Restructuring and departure of Chapek right hand Kareem Daniel

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Description: Bob Iger, less than 24 hours after returning to the helm of Disney, told employees Monday that the company would be undergoing a restructuring in coming weeks. One of the first steps, Iger announced, would be the departure of Kareem Daniel, the company’s head of media and entertainment, and right hand to now-departed CEO Bob… Read more »

Why Employee-owned Companies Are Better at Building Worker Wealth

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Description: Wharton’s Katherine Klein talks to Corey Rosen, founder of the National Center for Employee Ownership, about how employee ownership plans are structured and why they yield great financial benefits for companies and workers alike. ​Source: https://knowledge.wharton.upenn.edu Date: Nov 11, 2022 Link: https://knowledge.wharton.upenn.edu/article/why-employee-owned-companies-are-better-at-building-worker-wealth/?utm_campaign=KatW2022&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=11-16-2022&utm_content=Why_Employee-owned_Companies_Are_Better_at_Building_Worker_Wealth Questions for discussion: Summarize the research presented. What is the explanation for… Read more »

The four-day workweek is new standard for 40% of companies, EY survey finds

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Description: A cooling economy, rising mortgage rates and mass layoffs have done little to dampen executive demand for expanded office presence and increased flexibility for office workers, a new report from Ernst and Young found.  The consulting firm on Wednesday released its second annual EY Future Workplace Index, which showed a growing appetite for hybrid… Read more »