Markets

Warren Buffett is a great judge of character, owes his success to shareholders, and has built a lasting culture, author Lawrence Cunningham says in a new interview. Here are the 11 best quotes.

Warren Buffett excels at sizing people up quickly, relied on a devoted group of shareholders to build Berkshire Hathaway, and has crafted a company culture that will outlive him, Lawrence Cunningham said on the “We Study Billionaires” podcast. The billionaire investor’s conglomerate boasts a high-quality shareholder base that may have […]
Warren Buffett is a great judge of character, owes his success to shareholders, and has built a lasting culture, author Lawrence Cunningham says in a new interview. Here are the 11 best quotes.
News

A Harvard Business School professor believes businesses can build a just and equitable form of capitalism — here’s how, and why now’s the time

Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein. On the latest episode of Pitchfork Economics, Harvard Business School professor Rebecca Henderson discusses how business could help create […]
A Harvard Business School professor believes businesses can build a just and equitable form of capitalism — here’s how, and why now’s the time
News

Capitalism needs an upgrade: On the 50th anniversary of Milton Friedman’s landmark essay, the onus is on stakeholder capitalists to get their act together

Martin Whittaker is the CEO and cofounder of JUST Capital, a nonprofit that tracks and ranks corporations on stakeholder performance issues of greatest importance to the public. Sunday is the 50th anniversary of the Nobel laureate economist Milton Friedman’s famous article on shareholder primacy, often referred to as the “Friedman […]
Capitalism needs an upgrade: On the 50th anniversary of Milton Friedman’s landmark essay, the onus is on stakeholder capitalists to get their act together
Markets

Hertz shares are likely going to $0, Morgan Stanley says

Morgan Stanley on Monday lowered its base case for Hertz to $US0 from $US2, citing risks of de-listing or a potential liquidity shortfall. The firm’s base case is now equal to its bear case. Morgan Stanley also lowered its bull case for Hertz to $US3 from $US8. The updated price […]
Hertz shares are likely going to $0, Morgan Stanley says
Markets

‘Shareholders come last’: Billionaire entrepreneur Mark Cuban says CEOs should prioritise employees and their families in coronavirus crisis

Mark Cuban told Just Capital in an interview that shareholders should come last amid the coronavirus pandemic and employees and their families should come first. “If you’re a great company, your shareholders will understand and will expand their P/E out of respect, because they’re all dealing with the same circumstances,” […]
‘Shareholders come last’: Billionaire entrepreneur Mark Cuban says CEOs should prioritise employees and their families in coronavirus crisis
Tech

A group of major US companies just took out a full-page NYT ad pushing Apple, Amazon, and Walmart to ‘get to work’ prioritising social responsibility over profits

Apple,Walmart, and dozens of other major US-based companies are part of a lobbying group which recently announced a major shift in their stated goals for businesses: to “benefit of all stakeholders – customers, employees, suppliers, communities and shareholders,” rather than focusing solely on creating shareholder value. A separate group of […]
A group of major US companies just took out a full-page NYT ad pushing Apple, Amazon, and Walmart to ‘get to work’ prioritising social responsibility over profits
Tech

Jeff Bezos just sent his annual letter to Amazon shareholders — read it here

Amazon CEO Jeff Bezos highlighted Amazon’s relatively small footprint in the company’s annual letter to shareholders on Thursday. “Amazon today remains a small player in global retail,” Bezos said in the letter. He also pointed to the importance of “multibillion-dollar failures” as necessary to Amazon’s growth. “If the size of […]
Jeff Bezos just sent his annual letter to Amazon shareholders — read it here
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