A consortium of Facebook investors led by Trillium Asset Management and controlling $3B in shares has put a proposal before the shareholders to fire Mark Zuckerberg for his mishandling of a string of ghastly scandals; they will lose, however, because Facebook's share structure gives Zuckerberg's personal shares more votes than other shareholders, ensuring that the company can run as a cult of personality beholden to his whims, rather than one disciplined by shareholder choices (this corporate structure is also in place at News Corp, Google, and other companies whose founders are able to raise funds in the capital markets without having to be beholden to their shareholders). Another shareholder proposal would put Zuckerberg's shares on even footing with other shares -- currently, each of Zuck's shares have ten times more votes than ordinary shares -- and this proposal will also fail. (via /.)
Brooks Brothers is the latest casualty of the Covid pandemic, filing for bankruptcy protection in New York today. The upscale clothiers, one of the last to make garments in the U.S., has been in business for 200 years. The closely held company, which is owned by Italian businessman Claudio Del Vecchio, filed for bankruptcy protection […]
I’m looking forward to interviewing Yuko Kaifu, president of JAPAN HOUSE Los Angeles, for a live streaming event on July 17 about virtual meetings and how the rest of the world can learn from Japanese-style business culture. It’s free and open to all, but you need to reserve a seat online in advance. Join us […]
On Thursday, Tesla denied media reports that it fired employees who chose to stay at home during the coronavirus pandemic, rather than expose themselves to possible infection at Elon Musk’s California factory.
Example no. 3,225 why the real world isn’t like The Brady Bunch: your home office. Mike Brady was able to turn his den into a truly groovy cool home office for his architectural work. Mike had a wife, six kids and a live-in maid, yet still had a spare room he could devote to his […]
Even among the many global varieties of alcoholic beverages, tequila comes with an exceedingly complicated history. I mean, it’s not like bourbon spawn articles like 19 People Share The Reason They’ll Never Drink Tequila Again or 11 Reasons Why We Have A Love / Hate Relationship With Tequila. Look, we get it. Tequila and its […]
Meditation seems simple. Just sit on the floor, clear your mind, and zen out. But have you tried sitting cross-legged on the floor without moving for even 10 minutes? It starts getting mighty uncomfortable after a while. And if you’ve got a few years on you, the knees and thighs are going to be barking […]