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Shareholders First, Ethics Later: The Duty of Ruthless Profit Maximization.
I should be studying for exams or writing papers, but I saw this on LinkedIn this morning and immediately thought of biz orgs: NEWS OF THE WEEK! I also want to point out that the Elon Musk Twitter (sorry, X*) post indicated in the screenshot is FAKE NEWS, a completely fabricated/doctored X post, but this Simon Potter […]
Nevada Probate Commissioner Rules Against Rupert Murdoch’s Change to Family Trust
Hi everyone! Since we’ve been following the Murdoch family saga/drama over the last few months, I thought I would post an update to the situation as the NY Times just came out with an article about it. As a quick recap, Rupert Murdoch, the founder of Fox Corporation (and Fox News — which is known […]
‘Effective’ Corporate Environmental Responsibility in China
It is known that China is one of the largest polluters in the world in terms of greenhouse gas emissions and other toxic substances. However, people in the West sometimes overlook how much China has improved in terms of its environmental initiatives in recent years. For instance, China’s air and pollution levels have actually been […]
UBC’s Secret Coke Deal
Howdy, hope y’all are hanging in there alright during crunch time and I wish you all the best with finals. Part of my executive duties with the LSS is to attend every AMS Council meeting this school year. Per tradition, each AMS Council meeting includes a fun fact segment about UBC. Recently, our Archivist and […]
Private Equity: Where Fairness and Good Faith Go to Die (But the Fees Thrive)
After reading everyone’s insightful posts and revisiting my notes on partnerships, I became curious about the PE business model and its inherent tensions with fairness and good faith in partnerships. While the broader debates around the PE industry are significant, this post focuses on its organizational structure and revenue model. Thanks for indulging my not-so-well-formulated […]
CEOs on the Chopping Block – Stellanis CEO Forced Out | Shareholders sue Stellanis
For those unaware: Stellanis is a corporation formed from a merger of Fiat Chrysler and Peugot. They collectively control 14 well-known car brands, including Chrysler, Dodge, and Maserati. Stellanis CEO Carlos Tavares resigned this week on Sunday. He was Stellanis’ first CEO after its formation in 2021. The news comes as Stellanis and virtually every […]
Intel CEO “Retires” after Clashing with Board of Directors
Intel CEO “Retires” after Clashing with Board of Directors Intel CEO Pat Gelsinger “retired” a few days ago on December 1 after he had been appointed to the position just three years ago in 2021. The official Intel press release had stated Gelsinger retired on his own accord. Subsequently, news outlets, citing reliable insider sources, […]
On the UnitedHealthcare shooting…
If you’ve been following the news in the last few days, you may have heard about the fatal shooting of UnitedHealthcare’s CEO, Brian Thompson, on Wednesday. I first came across this news due to some tweets that were mocking the police’s efforts to find the shooter, among a clear lack of empathy for Thompson’s death. […]
Now AI Washing? Is There Anything a Corporation Won’t Try?
I couldn’t resist posting this link to an article I found by Stewart Muglich, “AI Washing: Regulator Urges Accurate Disclosures by Issuers . At one point the article states, when “statements are not supported by facts and corporate activities, they are misleading and promotional, thus inappropriate.”[1] I whole heartedly agree but I would go a […]