Werd I/O

“But there’s plenty in the public record. Personal attacks. Union busting. A casual attitude toward factory floor injuries and other health concerns. A dismissive approach to workplace racism. And an allegation involving a horse and sexual favors.” #Business

“An amendment to the bill is now expected that will allow all workers to request remote working.” In Ireland right now but expect it everywhere soon. #Business

“Investors are more likely to place their bets on companies led by founders with elite educational backgrounds and stacked resumes, when business-related factors such as the market sector the company belongs to have a much larger effect on its financial future.” #Business

Honestly the fact that this led to a stock dive just makes me really sad. #Business

“CEO Parag Agrawal, chief financial officer Ned Segal, and Vijaya Gadde, head of legal policy, trust, and safety, were all fired, according to the people. Sean Edgett, the company’s general counsel, was also pushed out, one of the people said. The top executives were hastily shuttled from the building.” #Business

“Tell people what they want to hear and you can be wrong indefinitely without penalty.” #Business

“In most people’s interactions with a workplace, the company takes too much and gives too little. The only recourse for labor is to form structures of counter-power to try and balance the equation.” #Business

“For tenants, the system upends the practice of negotiating with apartment building staff. RealPage discourages bargaining with renters and has even recommended that landlords in some cases accept a lower occupancy rate in order to raise rents and make more money.” #Business

“Likewise, constraining the word “technical” to refer only to “people who write code” serves to uphold a system in which benefits like compensation and prestige are distributed inequitably—regardless of the actual value of the various techniques being deployed.” #Business

“"We're all trying to get out of it, to be honest," said Andrea Walne, a general partner at Manhattan Venture Partners.” #Business

“The startup, called GloriFi, initially aimed to launch with bank accounts, credit cards, mortgages and insurance, while touting what it called pro-America values such as capitalism, family, law enforcement and the freedom to “celebrate your love of God and country.” Within months, the investors’ money was nearly gone, and GloriFi was on the verge of bankruptcy.” #Business

“Polls and studies show that women have embraced flexible and remote work, and opt to work from home slightly more often than men. But they also are liable to spend those additional hours at home on chores and child care, even when a partner is also working at home.” #Business

“And because I’m still uncomfortable talking about company values, we’re going to do so by talking about something else entirely. We’re going to talk about Road Trips.” I appreciate this more human approach to values statements. #Business

“The couple said they were sent disturbing items, including live bugs, a bloody pig mask, a funeral wreath and a book about coping with the loss of a spouse.” #Business

On ESG: “Instead of measuring the risks that environmental and social developments pose to companies, raters and investors should measure the risks to humanity posed by companies.” #Business

“Two years ago, her employer started requiring chaplains to accrue more of what it called “productivity points.” A visit to the dying: as little as one point. Participating in a funeral: one and three-quarters points. A phone call to grieving relatives: one-quarter point.” #Business

“White's solution is to plan an "exit to community." Once the company starts earning income, it plans to buy out its investors and give their equity to the unions it helped organize, effectively transitioning corporate control to the customer base.” #Business

“American Express' decision to begin donating to Republican objectors reflects the desire of some in the business community to put the events of January 6, 2021, behind them. That, according to an open letter recently signed by former American Express CEO Kenneth Chenault and other prominent business leaders, is a big mistake.” #Business

““Most American neobanks cater to lower-income customers, who previously may have incurred overdraft, [non-sufficient fund fees] and maintenance fees at big establishment banks,” Mikula told Protocol. “But these consumers also tend to be higher credit risk, making it challenging to lend to them. No U.S. neobank has built a meaningful lending business.”” #Business

“A Bank of America executive stated that “we hope” working Americans will lose leverage in the labor market in a recent private memo obtained by The Intercept. Making predictions for clients about the U.S. economy over the next several years, the memo also noted that changes in the percentage of Americans seeking jobs “should help push up the unemployment rate.”” #Business