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Bloomberg (April 13)

2018/ 04/ 15 by jd in Global News

A “$105 billion ‘ghost stock’ blunder” created market upheaval in Korea. An error at the South Korean brokerage Samsung Securities Co. gave employees 1,000 Samsung Securities shares each instead of 1,000 won (less than $1). “In total, the company distributed 2.83 billion shares, worth—on paper—about 112.6 trillion won. That was more than 30 times the company’s market value.” As employees sold the ghost shares, the stock price “plunged” 12% and “many retail investors got burned.”

 

LA Times (December 17)

2016/ 12/ 17 by jd in Global News

‘’Uber built its business by challenging regulators and entrenched assumptions about how best to assure public safety. It successfully evaded the strict local rules that the taxi industry faces on fares, licenses and driver background checks by arguing that smartphone-summoned rides were different from taxis and should be regulated under new state standards. It has also avoided a variety of mandates on employers by classifying its drivers as independent contractors, not employees.” But when it comes to testing driverless vehicles on California roads, the technology company should play be the rules.

 

Reuters (November 16)

2016/ 11/ 18 by jd in Global News

“It will be a new day at the U.S. Securities and Exchange Commission after President-elect Donald Trump installs his choice to run the agency.” With the resignation of SEC Chairman Mary Jo White, who was a proponent of regulation, Trump’s team will have a relatively free hand. “Some rules already are marked for death or dialback.” Among them are the conflict mineral disclosure requirements and “a proposal that would require companies to disclose pay ratios between their CEOs and employees.”

 

The Week (October 31)

2016/ 11/ 01 by jd in Global News

Designed to foster communication and collaboration, open office layouts are having a negative impact on employee productivity and satisfaction. “Overheard conversations can result in a 5 percent to 10 percent decline in the performance of cognitive tasks…like reading, writing, and other forms of creative work. Noise can impair workers’ ability to recall information and do basic arithmetic. It also can decrease productivity by as much as 86 minutes per day.”

 

The Economist (March 19)

2016/ 03/ 21 by jd in Global News

“Companies are abandoning functional silos and organising employees into cross-disciplinary teams that focus on particular products, problems or customers. These teams are gaining more power to run their own affairs. They are also spending more time working with each other rather than reporting upwards. But the transition to “a network of teams” in place of conventional hierarchy has hardly been smooth. Managing teams is “hard” and research routinely uncovers lapses. And even when teamwork is well managed, things can be taken too far. “Even in the age of open-plan offices and social networks some work is best left to the individual.”

 

The Economist (July 25)

2015/ 07/ 26 by jd in Global News

“Employees are often said to be a company’s biggest resource. It is equally true that they are its biggest liability. Scarcely a week goes by without a company falling victim to employees-turned-enemies-or-embarrassments.”

 

 

Wall Street Journal (March 18)

2015/ 03/ 18 by jd in Global News

“Major Japanese manufacturers lined up Wednesday to give their employees bigger pay raises starting in April.” This could provide a boost to Abenomics, but “the diverging fortunes of Japan’s big and small firms suggest that Mr. Abe may have more work to make wage growth spread.”

 

Washington Post (August 8)

2013/ 08/ 09 by jd in Global News

“Knowing how much the Grahams loved the paper, we could only imagine how hard it must have been for Don and his niece, Post publisher Katharine Weymouth, to tell that stunned room of employees that the paper was being sold…. Many of us sense that Don and his family have done an unselfish and courageous thing, at some personal emotional cost. Knowing that the Grahams could not sustain The Post indefinitely as a great newspaper, they looked for someone who could.” Selling the Washington Post “was Grahams’ gift to journalism.”

 

Financial Times (February 27)

2013/ 03/ 01 by jd in Global News

Yahoo’s chief executive, Marissa Mayer, will require employees who previously worked from home to come to the office. “The lesson to draw from Ms Mayer’s whip-cracking – in Silicon Valley, of all places – is that this is an age of harder work. From intense teamwork at the top to monitoring and surveillance at the bottom, managers are squeezing more from employees than they previously would have dared.”

 

Los Angeles Times (September 2)

2012/ 09/ 04 by jd in Global News

“A relentless focus on share price can hurt not only employees, taxpayers and society, but shareholders too. Managers who are pressured to raise stock price quickly often resort to tricks — selling assets, cutting payroll and investment, draining cash through dividends and share repurchase programs — to bump up stock price for a year or two. But such strategies often hurt a company’s long-term ability to grow and prosper.”

 

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