Excessive short-termism is always a problem for policy, but the Global Crisis has brought it sharply into focus. This column introduces a report that discusses how a shift to longer-term solutions is necessary and possible. A key message is that businesses as well as governments need to take a longer-term view. The report identifies ways to overcome the current impasse in key economic, climate, trade, security, and other negotiations.
Facebook founder Mark Zuckerberg was the highest paid CEO in the United States last year, according to an annual poll by corporate governance research group GMI Ratings released this week, raking in nearly $2.28 billion thanks to a combination of salary, bonuses and stock options.
The world’s largest coffee chain, Starbucks Corp, has come under fire from China’s official state broadcaster, China Central Television (CCTV), for charging locals up to 50 percent more for some of its products compared to what it charged in other markets such as the U.S. or India.
Billionaire investor Warren Buffett has earned more than $10 billion – and counting – from lending cash to blue-chip companies during the global financial crisis, reported the Wall Street Journal on Monday, highlighting the potential profits a strategic investor can make even as others race for the exits.
Curbing corporate misbehaviour is a key policy goal but fixing the problem requires an understanding of what causes it. This column develops an innovative empirical approach that identifies unethical CEOs as an important cause of unethical corporation behaviour.
The consumer world is moving away from television and print media, and toward FaceBook and Twitter run on mobile devices. But American small businesses have largely missed these trends.
After cancelling its Arctic oil expeditions for this year, Royal Dutch Shell, the world’s largest oil company, has yet to apply to U.S. authorities to drill in the Arctic in 2014, according to a report by the Los Angeles Times on Wednesday.
New York regulators have fined 19 companies a total of $350,000, after a year-long sting operation found that these businesses had deceived consumers by posting fake online reviews.
New York State Attorney General Eric T. Schneiderman on Monday announced the penalties for the companies, adding that fake reviews were in violation multiple state laws against false advertising.
Pension funds, endowment plans and other large institutional investors who engage investment consultants for market advice failed to see a better return on their investment when compared to the rest of their peers, according to new academic research cited by the Financial Times on Sunday, begging the question what the true value of consultants’ recommendations really is.
Royal Dutch Shell plc, the world’s largest oil company, will pay $1.1 million to settle air-quality violations made during two oil-exploration activities in the Arctic Ocean last year, according to a
