Conventional wisdom dictates that workers who “lawyer up” in workplace disputes would be more likely to improve their chances at securing a better outcome, but in an alternative dispute resolution context such as arbitration, employers can all but cancel out those positive effects, says a new paper by a University of Illinois expert who studies...
A company with a gender-diverse board of directors is interpreted as revealing a preference for diversity and a weaker commitment to shareholder value, according to new research in the INFORMS journal Organization Science. The study examines investor responses to board diversity and finds that one additional woman on the board results in a 2.3% decrease in...
Despite years of effort to bring more women to the top boards of business, the proportion of women on the committees of listed companies remains in the single digits. In 2019, women held just 8.7 percent of the positions on the boards of the 160 largest German companies. Despite this, quotas, such as the statutory...
Concerns abound about whether Chinese consumers will continue to splurge on luxury goods and other “non-essential” items, with Sanford C. Bernstein revealing “weakening discretionary spending” and “more muted” demand from Chinese customers, thereby, suggesting that “the luxury-goods sector may be close to a ‘temporary plateau.’” While such news does not bode well for luxury brands, according to...
LVMH Moët Hennessy Louis Vuitton is vying for Tiffany & Co. The Paris-based luxury goods conglomerate made a $14.5 billion play for the American jewelry stalwart last month, in furtherance of a quest to bolster its offerings in the fast-growing jewelry market. Just as analysts predicted, Tiffany’s board reportedly rejected LVMH’s initial, unsolicited offer to seek a...
The demise of the Zac Posen brand is not coming without at least one lawsuit, which sheds some light into the winding down of the famed fashion brand. It turns out that a few weeks before Zac Posen announced that it would shutter after 20 years in business, the New York-based womenswear brand favored by supermodels,...
On the heels of Instagram’s decision to remove its visible “like” counter from its platform in certain geographic regions, such as Canada and Australia, earlier this year, the app’s operators say they will perform the same test in the U.S. beginning this month. The roll-out by the Facebook-owned photo and video-sharing app is being touted as larger ethos,...
“Elite”, high-earning political lobbyists are more likely to overstate their achievements, a new study shows. Political influencers who have a smaller salary and work in specialist areas or for public interest groups are less overconfident – or even underestimate their success, according to the research. This suggests overconfidence can help lobbyists make connections with important...
Despite fears about a recession, the job market is strong for college graduates – for the 10th consecutive year, according to Michigan State University’s Recruiting Trends, the largest annual survey of employers in the nation. In fact, job opportunities are expected to expand by 12% across all degrees in 2019-20, said Phil Gardner, survey author and...
No company has the exact same marketing strategy when it comes to managing its suite of products and brands, but a team of researchers led by Michigan State University faculty is the first to identify universal strategies for large companies to follow to maximize their sales and market share. The research, published in the International Journal...
