Amazon shareholders are meeting to vote on a new proposal. The proposal, in part supported by shareholder group As You Sow, implores Amazon to release a report by December detailing how much plastic pollution it produces and how it will be addressed...
The global pandemic has unexpectedly redefined the essence of work, accelerated e-commerce and digital dependence and laid bare how societies function and prioritize. In the absence of a forcing function, these shifts would have taken decades to realize. But this unplanned transformation has also exposed a highly distorted world where the agents of capitalism are increasingly out of sync with societal priorities...
Sen. Paul Sarbanes (D-Md.) built a reputation as a lawmaker with a low profile and a high impact. His recent passing has brought one of his signature pieces of legislation back into the spotlight. The Sarbanes-Oxley Act of 2002 instituted protections to promote the stability of the national financial system...
The incoming Biden administration is about to make significant policy choices. One clear choice is to enact policy that creates more opportunity for economic success for more people across more of America...
The ongoing collective grief and outrage expressed over the killings of George Floyd, Breonna Taylor and Ahmaud Arbery — and most recently, the police shooting of Jacob Blake — signals a cultural shift of acknowledgement against mistreatment of African Americans. However, such tragedy has replayed time after time, and the status quo won’t change without meaningful steps — especially in corporate America ...
More than a dozen companies that have filed for bankruptcy during the pandemic have committed to paying millions in bonuses to their executives as many Americans are jobless, Bloomberg News reported . Of the about 100 major companies that have filed for bankruptcy since the beginning of the coronavirus pandemic, 19 of them have committed to paying a total of $131 million in retention and performance bonuses, both before and after filing for bankruptcy, according to Bloomberg’s analysis...
Chelsea Clinton has reaped $9 million in compensation since 2011 for serving on the board of an Internet investment company, according to Barron’s , the financial publication. Barron’s reported Sunday that Clinton has profited handsomely as a board member for IAC/InterActiveCorp, a media and Internet investment company...
In the digital era, it’s not surprising that being digitally savvy is a desirable trait for business leaders. Just about every company is looking to use technology to improve customer experience and operational efficiency...
Facebook’s leadership is facing a crisis following the company’s latest controversy. The past year has given ammunition to the growing number of critics worried about Facebook’s size, business model and implications for democracy...
AIG to shed consumer, commercial units By Sylvan Lane - 09/25/17 08:54 AM EDT 1 © Getty Financial services giant AIG will restructure its business and shut down its consumer and commercial divisions as it attempts to shed stricter federal oversight, Reuters reported Monday. AIG will divide its operations into general insurance, life and retirement planning and a tech platform while dropping two major finance units, according to Reuters...
President Obama has nominated the widow of former Sen. Ted Kennedy (D-Mass.) to serve on the U.S. Postal Service's Board of Governors. The White House announced Obama's intention to nominate Vicki Kennedy in a statement Wednesday night. The former Massachusetts senator endorsed Obama in the 2008 presidential primary over Hillary Clinton...