CEOs are increasingly stuck between employees and politicians. We should side with our people
Industrialists were long expected to act as societal leaders. Self-censorship on questions of basic rights is an abdication of responsibility. Read More Source link
How social media sites reacted to deadly videos of the Buffalo shooting
Twitch said it removed the video in less than two minutes, but one clip on Twitter was still viewable more than four hours later. Read More Source link
Shanghai plots path out of lockdown, but supply chain bottlenecks could last through the year
With draconian restrictions crippling manufacturers such as Tesla, European businesses are now reconsidering whether to invest further in China. Read More Source link
‘We can no longer keep the arches shining there’: McDonald’s CEO announces plan to start stripping out company symbols from Russia
The burger giant said holding on to its business in Russia “is no longer tenable, nor is it consistent with McDonald’s values.” Read More Source link
Executive pay hit a record high for the sixth year in a row, led by a post-pandemic boom in travel and tech
The average CEO earned $14.7 million in compensation in 2021, according to the Wall Street Journal. Read More Source link
China’s COVID-zero controls have caused an economic slump not seen since the pandemic began
China retail sales and industrial output had greater-than-estimated declines in April in an indication of how China’s COVID-zero policy is hurting the economy. Read More Source link
The frequently long waits for insurance prior approvals frustrate doctors and patients needing treatment
Health plans say that prior authorization requirements help them protect patients’ safety and improve the quality of care, but doctors disagree. Read More Source link
Goldman Sachs calculates a worst-case recession forecast as investors dump stocks and crypto
On cue, global stocks and U.S. futures sank on Monday morning. Read More Source link
Goldman Sachs pushed staff to return to the office. Now the Wall Street bank is giving executives unlimited time off
The increasing competition for talent may be pushing Goldman Sachs to offer more flexible leave policies. Read More Source link
Ethereum co-founder says every ‘average smallholder’ impacted by Terra’s stablecoin crash should be made whole
“The obvious precedent is FDIC insurance (up to $250,000 per person),” Vitalik Buterin tweeted, adding that he “strongly supports” helping the “average UST smallholder.” Read More Source link