The idea that companies exist solely to produce shareholder value can be traced to a 1970 editorial by Milton Friedman. Writing in Forbes, Steve Denning calls this The World's Dumbest Idea, and gives pretty comprehensive evidence to support that notion: "As often happens with bad ideas that make some people a lot of money, shareholder value caught on and became the conventional wisdom."
Salesforce, the cloud software company based in California, has offered to pay its workers in Texas to leave the state following its 6-week abortion ban. "These are incredibly personal issues that directly impact many of us — especially women," Salesforce told employees in the message, which CNBC obtained. The company did not take a stance… READ THE REST
CVS upping its base pay to $15 an hour is a milestone because it employs 300,000 people and puts pressure on other small-store retailers (such as Walgreens-Boots) to follow suit. A scan of the top 10 retailers suggests that among big-box employers, only Home Depot and Lowes have failed to promise at least $15 an… READ THE REST
CNN Business reports on the growing number of dogs that have gone missing or died while in the care of sitters provided by Rover, an Uber-like pet-sitting service. They report on six, but suspects there are many more because, it reports, the company uses arbitration and NDAs to muzzle customers. All of them said they… READ THE REST
Every coffee lover knows that nothing beats a freshly brewed pot of joe. It's the drink millions of Americans have settled on as their pick-me-up of choice for their morning, mid-day, and even at night. No matter when you like to enjoy your brew, you should never have to compromise on coffee quality. You won't… READ THE REST
As the summer fades, it's become painfully clear that we spent less time doing the things we love and more time burning the candle at both ends at the office, having severe anxiety over all things COVID, and just generally wasting time. If you missed out on summer, including a few extra rounds of golf,… READ THE REST
Got a stroke of genius and nowhere to make your mark? Sounds like you could use some help in the art department. You could go back to art school and get in-person lessons, but people are full of germs these days, and it's still a safe bet to just stay home. Try the Watercolor Painting… READ THE REST