Tech

IPO flops and CEO firings have made it clear that Silicon Valley’s magic startup formula is about to change: Welcome to the age of Founder Frenemies

For more than a decade, Silicon Valley’s law of the land has rested on one fundamental principle: a startup’s founder does whatever they want, unmolested by the rules and constraints governing everyone else, and the investors backing the startup keep their mouths shut and reap big returns. This non-aggression pact […]
IPO flops and CEO firings have made it clear that Silicon Valley’s magic startup formula is about to change: Welcome to the age of Founder Frenemies
Tech

WeWork reportedly hired the parents of a high-ranking exec as real estate brokers for a Miami lease, among other potential conflicts of interest

WeWork, in its public offering documents, disclosed a slew of related-party transactions involving CEO Adam Neumann, his wife, and various family members. But the company didn’t disclose a collection of deals involving the family members of other company officials, according to a report in the Wall Street Journal. The deals […]
WeWork reportedly hired the parents of a high-ranking exec as real estate brokers for a Miami lease, among other potential conflicts of interest
News

Big asset managers like BlackRock are pressuring stock exchanges to limit a growing practice that ‘poses danger’ to young companies

BlackRock, CalPERS and other influential governance critics are asking two stock exchanges for more fairness in voting rights. A group representing funds and firms petitioned the New York Stock Exchange and NASDAQ on Wednesday to limit companies’ trading if they have unequal voting structures. A group that represents big funds […]
Big asset managers like BlackRock are pressuring stock exchanges to limit a growing practice that ‘poses danger’ to young companies