Rising antitrust pressure from the federal government could threaten to put a stop to massive entertainment-based mergers, such as Amazon's $8.45 billion agreement to purchase MGM Studios...
When the U.S. Securities and Exchange Commission gave the green light to Nasdaq for its new board diversity reporting initiative, it rightfully included women, racial and ethnic minorities, and LGBTQ+ individuals. But people with disabilities were left out...
In the investing world, spring is known as "proxy season." That's because most major companies hold their annual meetings between April and June, and at those events shareholders vote (often remotely, i.e...
Fashions and fads tend to lead people wrong. You probably have a list of unfortunate ones in mind right now. Mullets? Bell-bottoms? Banded-collar shirts? Boy bands? The one at the top of my own list is equally offensive, but more freighted: the corporate "diversity and inclusion" policies sweeping the world's boardrooms in violation of both longstanding federal law and the American moral consensus...
Workers are a vitally important part of Amazon, and yet we have no say in how the company operates. We make it possible not only for the company to be profitable, but for millions of Americans to get what they need delivered during the pandemic...
Equal Pay for Women The Equal Rights Amendment (ERA) is back in the news, timed by its proponents to coincide with Equal Pay Day—which marks the annual moment when working women catch up to what their male colleagues made the previous year. It takes women three months of extra work to make the same income as men...
Around 100 companies are responsible for climate change and we must act to stop them now in our last chance to save the planet, a climate change activist has warned...
In a move reportedly initiated by the United States, Canadian authorities detained Meng Wanzhou, chief financial officer for Huawei Technologies of China, Dec. 1 in Vancouver, British Columbia. She faces extradition to the U.S. According to CBS News , the U.S. Justice Department declined to comment. China’s Foreign Ministry demanded Meng’s release on Thursday and said neither Canadian nor U.S. officials have offered a reason for her detention...
I’m going to answer this one from a tech executive perspective, and compare it to another highly popular IPO, that of Snap Inc (Snapchat). The key numbers: Revenue of $1.1Bn in 2017, up 30% from 2016 11m paying users out of 500m total Cash-flow positive: generated $330m free cash flow in 2017, up from $252m in 2016 Flat ARPU: $111 in 2017, slightly down from $113 in 2015 Gross margin doubled from 2016 to 2017, now at 66%, because cost of revenue (COGS) fell from $391m to $369m 2016- ...
In the United States, the House of Representatives has passed the Financial CHOICE Act (Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs Act). This bill is intended to replace the financial market regulation of the Obama era, the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was a response to the global financial market crisis of 2008....
Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company's board following a remark he made during an Uber staff meeting that was widely seen as offensive to women. Bonderman's ill-timed remark came during an all-staff meeting Tuesday to discuss of how the ride-services company plans to transform itself following a probe into sexual harassment at the company...
Close Bernie Sanders To EPA Administrator Scott Pruitt: 'You're Not Gonna Get My Vote' A group of lawmakers including Sen. Bernie Sanders (I-Vermont) are dismayed by the delay of a Dodd-Frank rule that would require CEO's to disclose how their pay compares to that of their workers.