Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively. From a report: The company began informing employees Monday that it will shut down by the end of next month, according to people with direct knowledge of the matter. Many of…
Tag: Corporate America
Elon Musk On the Problem With Corporate America: ‘Too Many MBAs’
An anonymous reader quotes a report from CNBC: Tesla and SpaceX founder Elon Musk says the biggest problem with corporate America today is that too many business school graduates are running the show. “I think that there might be too many MBAs running companies,” Musk said Tuesday at the WSJ CEO Summit. This “MBA-ization of America,” isn’t great, Musk said, especially…
Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal
Amazon has embarked on an extraordinary hiring binge this year, vacuuming up an average of 1,400 new workers a day and solidifying its power as online shopping becomes more entrenched in the coronavirus pandemic. From a report: The hiring has taken place at Amazon’s headquarters in Seattle, at its hundreds of warehouses in rural communities and suburbs, and in countries such…
‘Divinity Consultants’ are Now Designing Sacred Rituals for Some Corporations
“They go by different names: ritual consultants, sacred designers, soul-centered advertisers,” reports the New York Times, describing “a new corporate clergy” working as “divinity consultants” and “designing sacred rituals for corporations.” They have degrees from divinity schools. Their business is borrowing from religious tradition to bring spiritual richness to corporate America. In simpler times, divinity schools sent their graduates out to…
Cory Doctorow: ‘Self-Driving Cars are Bullshit’
“Self-driving cars are bullshit,” writes Cory Doctorow:
I’m a science fiction writer, so I quite enjoy thinking about self-driving cars. They make for really interesting analogies about data, liability, self-determination, information security and openness… But I’m a science fiction writer and that means I can tell the difference between “thought experiments” and “real things.” Alas, the same cannot be said of corporate…
Who Still Needs the Office? US Companies Start Cutting Space
An anonymous reader quotes a report from Reuters: Corporate America is downsizing its real estate footprint as companies allow more employees to work from home, a growing threat to the bottom line of owners of traditional office buildings and a sign that companies are looking for ways to cut costs as a result of the coronavirus pandemic. A Reuters analysis of…
Why America Can Make Semiconductors But Not Swabs
U.S. factories are as productive as ever but they’ve lost the process knowledge needed to retool quickly in a crisis, writes Dan Wang, a Beijing-based technology analyst at Gavekal Dragonomics, in an opinion piece on Bloomberg. From the story: In China, a vast pool of experienced engineers and a culture of nimble manufacturing have allowed companies to quickly shift production to…
Bernie Sanders Wants To Ban Facial Recognition Use By Police
Democratic presidential candidate Senator Bernie Sanders (I-VT) wants to put an end to police use of facial recognition software. Sanders called for the ban as part of a criminal justice reform plan introduced over the weekend ahead of a two-day tour of South Carolina. From a report: The plan also calls for the ban of for-profit prisons and would revoke the…