When one of our students told us they were going to drop out of college in August 2021, it wasn’t the first time we’d heard of someone ending their studies prematurely. What was new, though, was the reason. The student had become a victim of a cryptocurrency scam and had lost all their money —…
Activision Blizzard Inc. shed light on its response to allegations of sexual harassment and discrimination in a regulatory filing Thursday, which slammed sections of the media and California’s Department of Fair Employment and Housing, or DFEH. “Over the years the company has appropriately disciplined and exited employees to ensure that our practices match our policies,”…
After years of shareholder pressure that ratcheted up after the racial reckoning in summer 2020, some of the world’s most influential companies have agreed to independent racial-equity or civil-rights audits to consider how their policies, products and practices affect the civil rights of and equality among employees, customers and society. The biggest names expected to…
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Theranos CEO Elizabeth Holmes was a persuasive promoter. She convinced many presumably intelligent people that Theranos had developed a technology which could take a few blood drops from a finger prick to test for myriad diseases. The Theranos hoopla turned out to be just another point on the Silicon Valley “Fake-it-Till-You-Make-it” spectrum of BS. This…
CAMBRIDGE, Mass. (Project Syndicate) ithWith cryptocurrency prices plummeting as central banks start to raise interest rates, many are wondering if this is the beginning of the end of the bubble. Perhaps not yet. But a higher opportunity cost of money disproportionately drives down the prices of assets whose main uses lie in the future. Ultralow…
The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while…
