(HBR) A 2018 estimate of unemployment among the five million formerly incarcerated people living in the U.S. found that they are “unemployed at a rate of over 27% — higher than the total U.S. unemployment rate during any historical period, including the Great Depression.” In this article, author LeRon L. Barton poses the question: What role…
(New York Post) The once bright star of Vice Media could now face a darkening future after talks to go public through a special acquisition company fell through. Read more here.
(Inside Higher Ed) In technical fields, we often pride ourselves on our objectivity — as though the work exists outside ourselves. In engineering, we have historically believed that we could make technologies that work for anyone, regardless of the identity of the engineer or the user. We have believed that technological progress was inherently making…
(Forbes) Regulators are homing in on the most important intangible assets: people. Intangible assets – skilled workers, brands, client relationships, organizational processes, and client relationships – generate most corporate growth and represent 90% of the market value of the S&P500. Since people are not capitalized on the balance sheet and are instead deemed as an…
(Financial Times) The sustainability boom has moved trillions of dollars into environmental, social and governance funds and brought a new stakeholder-led agenda to corporate boardrooms. Now the Big Four accounting firms are jumping on a bandwagon that offers two tempting opportunities: an expansion of what companies must account for, and a chance to rebrand a…
(SSIR) ESG has become increasingly mainstream for investors in recent years, as part of a broader wave to embrace purpose and stakeholder capitalism…However, venture capital has largely been left by the wayside: In a quick scan of the of the websites of the top 50 largest venture capital funds, we only found five which mentioned…
(AP) Nine activists from Bahrain had their iPhones hacked by advanced spyware made by the Israeli company NSO Group, the world’s most infamous hacker-for-hire firm, a cybersecurity watchdog reported on Tuesday. Read more here.
(MarketWatch) When a Blackstone-backed company in March sold $260 million in bonds under its Servpro Industries banner, a franchise specializing in fire- and water-damage cleanups, the financing went off without much notice. But three months later, a whistleblower complaint from two former workers at Fort Bliss, Texas, one of the nation’s largest emergency migrant youth…
(CNN) Since 1993, the National Association of Corporate Directors (NACD) has said that CEO pay should be more in line with what other employees receive. Boards, we have said, should not approve pay plan elements that result in unexpectedly high compensation, such as mega stock-option awards, and plans should be expressed simply, so that shareholders…
(Oregon Live)The future ownership of an Israeli spyware company whose product has been used to hack into the cellphones of journalists, human rights workers and possibly even heads of state is up in the air. Major investors in a private equity firm that has majority ownership of NSO Group, the maker of the Pegasus spyware,…