Turmoil In Toyland? Mattel Sales Tumble, Hasbro Has Layoffs

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Description: Toyland is a treacherous place these days, and Mattel is the latest victim. Quarterly sales for the company plummeted 22%, and earnings missed forecasts. Source: MediaPost.com Date: Feb 10, 2023 Link: https://www.mediapost.com/publications/article/382432/turmoil-in-toyland-mattel-sales-tumble-hasbro-ha.html?utm_source=newsletter&utm_medium=email&utm_content=readnow&utm_campaign=129253&hashid=7T9TCmQZSDGbnu-424RuBQ Questions for discussion: Is this a marketing, management or financial problem? What are the possible explanations for these financial results? How does… Read more »

Haunted By Kanye Deal, Adidas Posts Warning

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Description: Adidas is launching a new line with actress Jenna Ortega Adidas unexpectedly updated its financial guidance for the coming year, warning investors that the aftershocks of its dealing with Ye, the rapper formerly known as Kanye West, keep on coming. If it does not sell the existing Yeezy stock, it could lower sales by… Read more »

Google’s CEO Answered Criticism Over Layoffs at a Heated All-Company Meeting. This 1 Word Stood Out

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Description: If you’re the CEO of a company that just announced it would lay off a large number employees, you probably expect your next all-company meeting to be rough. Your employees are going to have some questions, many of which won’t have easy answers. Source: INC.com Date: Feb 02, 2023 Link: https://www.inc.com/jason-aten/googles-ceo-answered-criticism-over-layoffs-at-a-heated-all-company-meeting-this-1-word-stood-out.html?utm_source=newsletters&utm_medium=email&utm_campaign=Inc%20-%20Top%2010.Newsletter%20-%20Inc%20-%20Top%2010%202-5-23&leadId=261346&mkt_tok=NjEwLUxFRS04NzIAAAGJwN0SShqig6EJGYCV-UYmpvsmCp_PlE857cgKFayjr6y7Y9I52F4EaZRHVK_318t0P-ebxNkBm6n-uZKo3VAWEzQ6hkRqz2hiog7mJ0E Questions for discussion: What was… Read more »

Activist investor Nelson Peltz declares Disney proxy fight is over after Iger unveils restructuring

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Description: Nelson Peltz declared his proxy fight with Disney was over Thursday after the entertainment giant unveiled a vast restructuring plan, cost cuts and 7,000 layoffs. Source: CNBC.com – video report Date: Feb 09, 2023 Link: https://www.cnbc.com/2023/02/09/activist-investor-nelson-peltz-declares-disney-proxy-fight-is-over-after-iger-unveils-restructuring.html Questions for discussion: Summarize the results of this settlement. How will this affect management decision-making and planning in the future?

The Manhattan high-rise that shrunk itself down

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Description: In 1986, a New York zoning activist made a startling discovery: A newly constructed building was over a dozen floors too high. What followed was one of the strangest outcomes in the history of big-city housing. Source: TheHustle.co Date: Feb 03, 2023 Link: https://link.thehustle.co/view/6336092910af034736048108i4gus.4amh/236068f4 Questions for discussion: What does the article say about the… Read more »

ChatGPT Passed an MBA Exam. What’s Next?

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Description: Wharton professors Christian Terwiesch and Ethan Mollick weigh in on ChatGPT and why the controversial software has limitless potential to improve education, business, and a range of industries. Source: knowledge.wharton.upenn.edu/ Date: Jan 31, 2023 Link: https://knowledge.wharton.upenn.edu/podcast/wharton-business-daily-podcast/chatgpt-passed-an-mba-exam-whats-next/?utm_campaign=KatW2023&utm_medium=email&utm_source=kw_campaign_monitor&utm_term=2-1-2023&utm_content=ChatGPT_Passed_an_MBA_Exam._What’s_Next Questions for discussion: Summarize the key evaluation points made about the software. What are the potential uses and… Read more »

Michele Romanow strives to ‘show up and take responsibility’ after Clearco layoffs

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Description: Just days after stepping down as CEO of Clearco, founder Michele Romanow is still at the Toronto office every day and doesn’t have much time for extra hobbies. As she puts it, she remains “incredibly active” in the e-commerce company that went from being valued at $2 billion two years ago, to laying off… Read more »

Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

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Description: The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July 2022. Source: CNBC.com – video report Date: Feb 03, 2023 Link: https://www.cnbc.com/2023/02/03/jobs-report-january-2023-.html Questions for discussion: Where were the main growth areas for employment? What does this say about how the economy is recovering from… Read more »

How a Drug Company Made $114 Billion by Gaming the U.S. Patent System

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Description: AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers. The monopoly is about to end. Source: NYTimes.com Date: Jan 28, 2023 Link: https://www.nytimes.com/2023/01/28/business/humira-abbvie-monopoly.html Questions for discussion: Summarize the issues related to how businesses, governments, insurance companies and consumers are connected to the drug Humira. Is this… Read more »

Home Depot didn’t get customer consent before sharing data with Facebook’s owner, privacy watchdog finds

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Description: Home improvement retailer Home Depot didn’t get customer consent before sharing personal data with Meta, which operates social media giants Facebook and Instagram, according to a new report by Canada’s privacy watchdog. Source: CBC.ca Date: Jan 26, 2023 Link: https://www.cbc.ca/news/politics/home-depot-privacy-commissioner-meta-1.6726668 Questions for discussion: What are the ethical and privacy issues in this story? How… Read more »