How McKinsey Destroyed The Middle Class
Consultants seek to legitimate both the job cuts and the explosion of elite pay. Rather than simply improving management, to make American corporations lean and fit, they fostered hierarchy, making management, in David Gordon’s memorable phrase, “fat and mean.”
Rebekah Neumann’s Search For Enlightenment Fueled WeWork’s Collapse
WeWork’s bailout by its largest investor, SoftBank, may permanently obscure the ugliest details behind its demise. But if the epidemic of self-delusion surrounding WeWork’s potential can be traced to anyone, it is Rebekah, the girlfriend of WeWork’s founder Adam Neumann.
How The Mast Brothers Fooled The World Into Paying $10 A Bar For Crappy Hipster Chocolate
While customers can’t get enough of the company’s bearded, Brooklyn hipster founders, and their brilliantly marketed, $10 “bean to bar” chocolates, a term reserved for chocolate that has been produced entirely under the maker’s control, from the cocoa bean to the wrapped bar, chocolate experts have shunned them.
The $15BN Island That Will Make Or Break Sri Lanka
Sri Lanka has reclaimed two square kilometers of land from the Indian Ocean to double the size of its capital and retain talent, but will the investment pay off?
Big Tech Takes Aim At The Low-Profit Retail-Banking Industry
After years of timidity Big Tech, with its billions of users and gigantic war chest, at last appears serious about crashing the fintech party. Amazon and Apple introduced a credit card. Facebook announced a new payments system and Google said it would start offering current (checking) accounts in America.
The Lawyer Whose Clients Didn’t Exist
A well-known attorney helped land a $2 billion settlement for Gulf Coast seafood-industry workers after a BP oil rig 40 miles off the coast of Louisiana, had exploded. But who was he really representing?
The Inevitable Decade Of Marvel
On July 21, 2019, ‘Avengers: Endgame’ became the highest-grossing film ever, on its way to adding nearly $2.8 billion to the Marvel Cinematic Universe’s $22.5 billion global box office total. The 2010s were defined by this superhero takeover—though the plans for it were laid even before the decade began.
When Chinese Industrial Espionage Goes Wrong
Shannon You’s story is about so much more than just Coca-Cola’s other secret recipe. Her get-rich-quick scheme cast new light on how industrial espionage has become a big part of China’s economic growth, and provided fuel to those who accuse the country’s Thousand Talents Program of incentivizing technology theft on an unprecedented scale.
How Shenzhen Is Fueling Ethiopia’s Burgeoning Startup Scene
As Shenzhen companies look to Africa for new consumer markets, African entrepreneurs are turning to Shenzhen for manufacturing partners to turn their ideas into reality. How the movers and shakers in Ethiopia’s burgeoning tech startup scene are tapping into the open source manufacturing ecosystem of China’s most entrepreneurial city.
Why Planet Hollywood Went Bankrupt
In the mid 1990’s, two entertainment moguls along with plenty of huge celebrities like Bruce Willis and Arnold Schwarzenegger came together to create a restaurant business unlike any other. But as quick as this idea grew, the sooner everything came crashing down. This is the story of Planet Hollywood.
Why Are Hardcover Books Published Before Paperbacks?
Despite their popularity, it’s still impossible to find paperback versions of many new books when they debut. It’s a common practice among publishers to release new titles as hardcovers and publish the paperback edition about a year after the initial print run.
The End Of Economics?
Economists have fallen in love with the supposed rigor that derives from the assumption that markets function perfectly. But the world has turned out to be more complex and unpredictable than the equations. Human beings are rarely rational—so it’s time we all stopped pretending they are.
The War on Poverty Is Over. Rich People Won.
Why do so many Americans live in poverty? Because so many rich people benefit from it. This is the thesis of the lauded sociologist Matthew Desmond. He shows how employers, financial institutions, and landlords extract money from low-income families while rich families hoard opportunities for themselves.
The Ticking Time Bomb In America’s Downtowns
The sad state of office buildings could cause something called the “doom loop.” $1.5 trillion in commercial real estate debt, is owed to banks, pension funds, and insurance companies before the end of 2025, and secured by properties that may not be worth what they were five or 10 years ago when those loans got made.
The Tricky Economics Of All-You-Can-Eat Buffets
For a small fee, you’re granted unencumbered access to a wonderland of gluttony. Is it possible to out-eat the price you pay for a buffet? How do these places make money? We looked at the dollars and cents behind the meat and potatoes.
The Super-Rich Are Being Scammed On Their Private Jets
Five grand for mystery sushi. Seven for plastic cups. And more fuel than the plane could possibly hold. Such are the deceptions stinging the billionaires and mere millionaires of today’s private jet-set class. In an era of ultra-wealth, reports of shady billing related to private-jet travel are on the rise.
As Companies Become Purpose-Led, Where Does That Leave Charities?
Sustainable, meaningful, purpose-led. However framed, when applied to organizations, these terms indicate to wider society that a company is committed to making a difference. Evidence proves that purpose-led organizations are no longer a buzzword.
Why A Struggling Rust Belt City Pinned Its Revival On A Self-chilling Beverage Can
Welcome to Youngstown, Ohio, home of Chill-Can, the self-chilling beverage container you’ve probably never heard of. Officials have gambled millions of dollars and demolished a neighborhood for the product. Not one job has been created yet.
The Dark Side Of Electronic Waste Recycling
Electronics can be hazardous when disposed of improperly, and the Basel Action Network, or BAN, investigates the underground world of the e-waste trade. The nonprofit group secretly embeds trackers in discarded devices, then hands them to recyclers to see where they end up, exposing bad practices in the process.
Sunday Night Is the New Monday Morning, and Workers Are Miserable
Like many bosses, Chris Mullen found the final hours of the weekend ideal for decluttering an unruly inbox, sharing stray thoughts with staff on projects and requesting status updates to prep for the week. His colleagues felt otherwise.
LEGO Launches Braille Bricks For Children To Learn Braille
At the Sustainable Brands conference in Paris, the LEGO Foundation and LEGO Group announced their new project to help blind and visually impaired children learn braille through custom LEGO Braille Bricks.