Management & Strategy
Billionaires Insights 2020: Wealth of billionaires around the world grows by 20% in last 2 years - 10/08/2020
According to analysts from UBS and PwC, over the past two and a half years, the combined wealth of billionaires from different countries has grown by 19%. After a slight decline at the beginning of the year, it has resumed growth. Experts record a polarization in the incomes of the richest: while the fortunes of billionaires from the high-tech industry and the medical sphere are growing sharply,...
Disney lays off 28,000 employees in USA amid coronavirus pandemic - 09/30/2020
Disney has announced its decision to lay off about 28,000 employees in U.S. amusement parks in response to the coronavirus crisis, Disney Parks CEO Josh D'Amaro said in a statement. About 67% of the laid off employees did not work full-time. “We made a very difficult decision to begin the downsizing process at Disney Parks, Experiences & Products at all levels,” the statement reads. ...
Eight rules of persuasion - 09/25/2020
Some seem to have a magic wand when it comes to convincing others. This is not really magic, but science that can be learned. Let's talk about it as briefly as possible. The human brain has three layers. The lower one, the reptile's brain, provides a fight-or-flight response. The middle - the mammalian brain - is the seat of emotions. The upper one - the primate brain - is responsible for the...
Ralph Lauren to cut staff by 15% by next summer - 09/23/2020
The company Ralph Lauren Corporation intends to reduce costs by 180-200 million dollars by reducing the number of full-time employees by the summer by 15%, follows from the release of the company and the representative's comment. "Ralph Lauren is announcing plans to downsize its staff by the end of fiscal 2021 (ending May 2021), which will result in cost savings of approximately $ 180-200...
The pain that you need: How to learn from your mistakes - 09/18/2020
Everyone makes mistakes. The only difference is that successful people learn from mistakes, and losers don't. Ray Dalio, one of the richest people in the world and author of The Principles, is confident that if you create an atmosphere where employees are not afraid to make a mistake and can learn from it, progress will be accelerated, and there will be fewer serious mistakes. Mistakes hurt, but...
Study: Alcohol and junk food manufacturers tailor their marketing to COVID-19 - 09/14/2020
The NCD Alliance and Spectrum have released a study on the marketing strategies of alcohol, junk food and tobacco manufacturers during the COVID-19 pandemic. Paying tribute to their contribution to the fight against COVID-19, the study authors point out that such companies are simultaneously releasing products that complicate the course of the disease. The international non-governmental...
Several JPMorgan employees fired for illegally obtaining government support - 09/11/2020
JPMorgan Chase bank fired several employees who arranged for themselves and their clients to illegally receive financial aid from the state intended to help the victims of the pandemic under the Economic Injury Disaster Loan (EIDL) program. This was reported by an informed source to Bloomberg. According to the source, suspicious amounts of money were found on the accounts of these employees. The...
Viewpoint: How your point of view affects your business - 08/28/2020
During the Peloponnesian Wars, the Athenian general Pericles was preparing to sail, but suddenly darkness covered his 150-ship fleet when a solar eclipse happened. Panic broke out among the crews, but Pericles remained cool. He went up to the pilot, took off his cloak and wrapped the sailor's head. "Do you see this as a sign of misfortune or misfortune?" - the commander asked. The helmsman...
TikTok CEO leaves company after Trump's threats to block app - 08/27/2020
Chief executive of the popular video service TikTok, Kevin Mayer, is stepping down after President Donald Trump threatened to block the app in the country, the Financial Times reported, citing an internal document. "Kevin Mayer is leaving TikTok just a few months after he became CEO," the newspaper quoted the letter to employees. Mayer has been the CEO of the company since May 2020. According...
Study: Distance employment potential is limited by GDP and Internet access - 08/13/2020
The World Bank estimates that up to 24% of jobs globally could be performed from home, with the largest proportion of employees going to work remotely in wealthy countries with high GDP per capita. The maximum potential for their transfer is in the Luxembourg labor market, the minimum is in Ethiopia. Calculations that take into account the presence of a physical connection to the network reduce...
