Delaware Chancery Court Judge Kathaleen St. Jude McCormick has blocked Elon Musk’s US$55.8 billion pay package, which Tesla’s board of directors approved in 2018 through a process she found to be “deeply flawed.” No CEO of a publicly traded U.S. company has ever been paid this much for one year’s work, according to Equilar, which...
Both liberals and conservatives are more likely to believe that merit-based hiring is unfair after learning about the impacts of socioeconomic disparities, according to a study published by the American Psychological Association. People from across the political spectrum also are more likely to support programs that encourage socioeconomic diversity after learning about the effects of...
An identity document, a pair of reading glasses, a hearing aid and a pair of worn shoes. These are just some of Nelson Mandela’s personal items that were due to go on auction on 22 February 2024. A month before the auction was due, the New York-based Guernsey’s auction house put a notice on its...
The recent firing and rapid rehiring of Sam Altman, the co-founder and CEO of ChatGPT creator OpenAI, illustrates the delicate dance between visionary CEOs and the boards who oversee them. Some CEOs — often founders — are fueled by strong convictions about the strategic direction their companies should take. But their boards sometimes don’t share...
A new book called Bottled: How Coca-Cola Became African tells the story of how the world’s most famous carbonated drink conquered the continent. It’s a tale of marketing gumption and high politics and is the product of years of research by critical writing lecturer Sara Byala, who researches histories of heritage, sustainability and the ways...
In an effort to reduce costs and improve customer satisfaction, retailers have implemented self-checkouts in stores across the country. They have become increasingly popular, but some brands like Walmart are removing self-checkouts in some locations while adding more in others. There are many advantages and disadvantages of self-checkout for both the customer and the retailer, but little...
New Cornell University-led research finds that social media platforms and the metrics that reward content creators for revealing their innermost selves to fans open creators up to identity-based harassment. “Creators share deeply personal – often vulnerable – elements of their lives with followers and the wider public,” said Brooke Erin Duffy, associate professor of communication. “Such...
When a rare bottle of Scotch whisky sold for US$2.7 million in November 2023, I was stunned, but I wasn’t surprised. The whiskey market has been booming for some time. Bourbon brands like Pappy Van Winkle from Buffalo Trace distillery are selling for astronomical prices in the secondary market. Japanese whiskies, which have become popular...
Financial technology (FinTech)—innovation in the delivery of financial services and products—has grown in popularity, expanding access to finance for millions of people. But while promoting inclusive finance to accelerate economic growth and financial sustainability is considered a good idea, there are challenges to balancing the socioeconomic tradeoffs. In a new study, researchers sought to determine...
Many online platforms (e.g., Huffpost, Wikipedia) host user-generated content (UGC) and content developed by professional reporters. In a new study, researchers examined data from more than 120 local news outlets hosted by a large online news platform in Austria to determine how UGC by citizen journalists affected the amount and type of content produced by professional...
