How Small Business Owners Survived The Great Recession
Successful business owners employed a variety of strategies to make ends meet, from entering into strategic partnerships to significantly downsizing staff. When small business owners faced dramatic downward shifts in revenue, they had to get creative and, in some cases, make extremely difficult decisions.
McMillions: How A McDonald’s Employee Helped Take Down a $24 Million Crime Ring
For years, the beloved McDonald’s Monopoly game was rigged by a motley crew of mobsters, ex-cops, and one Mormon church leader. The Rhode Island “McSting” was the catapult for a much larger undertaking to bust the restaurant industry’s most notorious criminal ring.
The Big China Short
Researchers had a hunch that Luckin Coffee, China’s fast-growing challenger to Starbucks and a company traded in the U.S. stock market, was falsifying financial statements to exaggerate its sales. A few months later, an anonymously written 89-page report landed on Wall Street and leveled one of China’s hottest startups.
Buying Organic Veggies At The Supermarket Is A Waste Of Money
It has happened to all of us. You’re standing in the produce aisle, just trying to buy some zucchini, when you face the inevitable choice: Organic or regular? Is it worth the extra money? The answer: Probably not.
Life Under The Algorithm
Increase your output, get paid more. Wages go up with productivity. Until, it turns out, they don’t anymore. The unwinding of this agreement in recent decades, such that workers must continue to produce more without expecting it to show up in their pay stubs, has now been the subject of a good deal of discussion and debate.
The Failure Of The Forever 21 Empire
If Forever 21 survives, it will be with fewer stores, fewer employees, and more manageable ambitions. But that more modest future likely depends on the Changs giving up control. If they don’t, Forever 21 may not have much of a future at all.
How The 0.001% Invest
Global finance is being transformed as billionaires get richer and cut out the middlemen by creating their own “family offices”, personal investment firms that roam global markets looking for opportunities.
Ari Emanuel, WME, And The Great Hollywood IPO That Wasn’t
The entertainment industry’s reigning super-agent planned to put his firm—and the very power structure of Hollywood—on the line with an audacious, now scuttled public offering. With that future on hold and the likes of Netflix and Disney commanding more ground by the day, what’s an ambitious modern macher to do?
The Saga Of Punkin’ Donuts
The Dunkin’ Donuts that used to be at the northwest corner of Belmont and Clark earned its nickname in the 80s and 90s. How a doughnut-shop parking lot became a confluence of Chicago youth subcultures—and what killed it off.
Printing’s Not Dead: The $35 Billion Fight Over Ink Cartridges
HP’s printer supplies business garnered $12.9 billion in sales last year, and the printer division overall represented 63% of the company’s profits. Here in the year 2020, proprietary ink cartridges remain important enough to spark a fight worth at least $35 billion.
Horror Stories From Inside Amazon’s Mechanical Turk
The workers of Mechanical Turk, Amazon’s on-demand micro-task platform, say they have encountered mutilated bodies, graphic videos of botched surgeries, and what appeared to be child pornography. They say they have been asked to transcribe Social Security numbers and other personal data.
How Our Home Delivery Habit Reshaped The World
The great trick of online retail has been to get us to do more shopping while thinking less about it – thinking less, in particular, about how our purchases reach our homes. This divorce of a product from its voyage to us is perhaps the thing that Amazon has sold us most successfully.
Saudi Arabia: What Happens When The Oil Stops
Mohammed bin Salman is about to find out what happens when the world does not need his oil. In the past, the standard response to that hypothesis was condescending looks. Not any more. The prospect of Saudi becoming a debtor nation is real.
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.
The Myth Of The Ethical Shopper
What has happened in those sweatshops since they became a cultural fixation three decades ago? All sources led to the same conclusion: Boycotts have failed. Our clothes are being made in ways that advocacy campaigns can’t affect and in places they can’t reach. So how are we going to stop sweatshops now?
How Slack Ruined Work
Slack is a particularly “scary offender” in stopping people getting their work done because it encourages them to be constantly distracted. It’s scary because messenger-based systems directly tap into how humans seek to reward themselves, and the long term result is unhealthy.
Your Colleagues Don’t Read Anything You Write. Here’s How to Change That.
Long emails and dense, difficult to decipher memos mean modern office communication goes ignored more often than it’s understood. Beneath these brutal realities, getting busy co-workers and bosses to take action means changing eight things about the way we communicate.
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.”
The Great American Tax Haven: Why The Super-Rich Love South Dakota
Last year billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota. Thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.
How India’s Richest Man Fought To Build An Empire
Mukesh and Anil Ambani inherited their father’s fortune. But while Mukesh’s wealth made him India’s richest man, his brother’s net worth tumbled to less than $2B. The story of their diverging fortunes is steeped in a family feud that has captivated India for over a decade.
The Malaysian Job: How Wall Street Enabled A Global Financial Scandal
The story of possibly the largest fraud in financial history—in which, billions of dollars were diverted from a Malaysian sovereign-wealth fund called 1Malaysia Development Berhad into covert campaign-finance accounts, U.S. political campaigns, Hollywood movies, and the pockets of innumerable other recipients.