This week I am exploring the Wells Fargo Department of Justice (DOJ) and Securities and Exchange Commission (SEC) settlement of $3 billion. The case presents multiple lessons for the compliance professional and one very large lesson for the consuming public. READ MORE
These 26 words 'created the internet.' The US government is coming for them
For decades, many of the biggest names in tech have leaned on a little-known law to avoid being held responsible for some of the most controversial content on their platforms. The companies have invoked this federal law, known as Section 230 of the Communications Decency Act, in one court case after another to dismiss potentially costly lawsuits over messages, videos and other content created by users. READ MORE
These startups raised billions and then laid off thousands. Workers are shocked and frustrated
Just a few months ago, discount hotel chain OYO seemed unstoppable. The India-based startup touted plans for global expansion and saw its valuation double to $10 billion in October. But in mid-January, the company began sweeping layoffs that have seen thousands lose their jobs. READ MORE
How many billionaires are there in the world?
Forbes' sprawling billionaire list is comprised of 2,153 individuals as of 2019, approximately 55 fewer than there were the year prior, according to the latest estimates. READ MORE
A look at the demanding schedule of Elon Musk
Elon Musk is one busy guy.
The billionaire CEO of Tesla and SpaceX generally spends a full workweek at each of his two companies, wolfing down lunch in five minutes and skipping phone calls for productivity's sake. READ MORE
Steve Jobs would have been 65 on Monday. Here's how the late Apple CEO saved the company from disaster and set it on the path to a $1 trillion valuation.
Back in 2018, Apple officially hit the $1 trillion mark, making it the first American company to do so, ever. READ MORE
Wells Fargo is close to settlements with the DOJ and SEC
Wells Fargo is nearing a settlement with the U.S. Securities and Exchange Commission and the Justice Department (DOJ) over previously disclosed probes into its sales practices, the New York Times reported on Thursday. READ MORE
What tech management can learn from Mark Cuban
“First there’s the innovators, then there’s the imitators, then there’s the idiots.” READ MORE
Morgan Stanley buys E-Trade in $13B bet on smaller customers
Morgan Stanley is buying E*Trade Financial Corp. in a $13 billion deal that will reshape the storied investment bank and firmly stake its future on managing money for regular people. READ MORE
Wholesale prices climb most since 2018, catching economists off guard
U.S. producer prices climbed last month at the fastest pace since October 2018 as higher prices for services more than offset a drop in the cost of energy. READ MORE
20 years after dot-com peak, tech dominance keeps investors on edge
As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today’s decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on. READ MORE
Apple warns on revenue guidance due to production delays, weak demand in China because of coronavirus
Musk’s SpaceX Launches Fifth Batch of Starlink Satellites
Elon Musk’s SpaceX launched its fifth batch of 60 Starlink satellites Monday morning, another step toward Musk’s vision of creating a space-based network to provide broadband service around the world. READ MORE
Cost-cutting, layoffs ahead for scandal-plagued Wells Fargo, analyst warns
Scandal-plagued Wells Fargo’s road to recovery will be long and painful — marked by cost-cutting and more layoffs than originally forecast. READ MORE
The world's biggest work-from-home experiment has been triggered by coronavirus
In offices across Asia, desks are empty and the phones are quiet, as the region grapples with a deadly virus. READ MORE
Tesla Is Highly Challenged, Hence the Capital Raise
Elon Musk 1/30/2020: "... It doesn't make sense to raise money because we expect to generate cash despite this growth level."
Elon Musk 2/13/2020: (paraphrasing) We need more capital. READ MORE
Principal Completes Acquisition of Wells Fargo Institutional Retirement & Trust Business
Acquisition includes Wells Fargo’s defined contribution, defined benefit, executive deferred compensation, employee stock ownership plans, institutional trust and custody and institutional asset advisory businessesDoubles Principal U.S. retirement businessi and expands on its trust & custody and discretionary asset allocation capabilities Integration work underway with leader appointments and location commitments. READ MORE
Overthrow the Prince of Facebook
Big tech has become too powerful and abusive. We know enough about it to break up its dominance. READ MORE
Magazine giant Meredith quietly axes 60 employees
Media giant Meredith — under pressure to reap cost savings from last year’s $2.8 billion acquisition of Time Inc. — quietly axed about 60 employees, or 1 percent of its workforce, in its magazine division this week. READ MORE
These 9 Jobs Are Most at Risk of Workplace Burnout
It’s normal to feel stressed at work from time to time. But for some people, the stress becomes all-consuming, leading to exhaustion, cynicism, and hatred towards your job. This is known as burnout. READ MORE
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