Mark Zuckerberg Is the Most Powerful Unelected Man in America

from NYTs On Thursday, Facebook’s chief executive, Mark Zuckerberg, announced the company’s “New Steps to Protect the U.S. Elections.” They include blocking new political ads in the week leading up to Election Day and attaching labels to posts containing misinformation, specifically related to the coronavirus and posts from politicians declaring victory before all the results are counted. One can — and many will — debate just how effective these measures will be at preventing election night chaos during a pandemic. (So far Facebook’s “misleading post” labels are vague to the point of causing additional confusion for voters. Similarly, blocking new […]

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Shareholder Value Is No Longer Everything, Top C.E.O.s Say

from NYTs Nearly 200 chief executives, including the leaders of Apple, Pepsi and Walmart, tried on Monday to redefine the role of business in society — and how companies are perceived by an increasingly skeptical public. Breaking with decades of long-held corporate orthodoxy, the Business Roundtable issued a statement on “the purpose of a corporation,” arguing that companies should no longer advance only the interests of shareholders. Instead, the group said, they must also invest in their employees, protect the environment and deal fairly and ethically with their suppliers. “While each of our individual companies serves its own corporate purpose, […]

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If Bankers Want The Gain, They Should Feel The Pain

from the guardian Students at Harvard Business School probably know little of Millwall Football Club. Nevertheless the corporate titans of the future might do well to learn from the luckless London team, now sunk at the bottom of the English game’s second tier and set to be relegated to its third. Which is not to say that the financial masters of the universe are not already expert in one aspect of Millwall lore. Paying themselves squillions and ignoring the protest and revulsion that come with it, they made Millwall’s chant – “No one likes us, we don’t care” – their own years ago. But […]

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