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Strategy 2020-11-23T23:05:42Z
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Businesses should reject special treatment from the government: Charles Koch says he made decisions that hurt his bottom line in the short term, but 'it was the right thing to do'

Advocating against corporate welfare requires you to be "the skunk at the garden party," according to Koch.
Better Capitalism 2020-11-22T15:00:00Z
Noubar Afeyan, Flagship Pioneering CEO and Moderna cofounder and chairman

The vaccine breakthroughs at Moderna and Pfizer are the latest examples of how immigrants have been driving billions in American innovation for decades

The cofounder of Moderna — who came to the US on a visa — says the "immigrant mindset" is a powerful force in the science and tech community.
Strategy 2020-11-19T15:27:00Z
Black lives matter protest no to racism

An anti-racist's dictionary: 19 words on race, gender, and diversity you should know

From "BIPOC" to "white fragility," you're likely to hear a lot more of these terms given the nationwide calls to address racism.
Opinion 2020-11-13T16:21:45Z

To combat the COVID-19 economic downturn, New Jersey Governor Phil Murphy passed a millionaire's tax. Here's why he says that's good for everyone.

Wealthy people analyze "total value proposition" and make their decisions accordingly, Murphy, a former Goldman Sachs executive, said.
Better Capitalism 2020-11-10T13:20:00Z

What a Joe Biden presidency means for capitalism, ESG investing, and the American worker, according to a leading expert on the economy

"Biden can really change the course of capitalism for the better. I really believe that. And I hope to hell that he does," the JUST Capital CEO said.
Better Capitalism 2020-11-08T15:00:00Z

Working parents are reaching their 'breaking point' due to the pandemic, and they say national paid parental leave can't come soon enough

The US is one of the only countries in the world that doesn't provide time off for parents to care for their kids.

Capitalism is at a 'crucial' turning point and President-elect Biden could make it more fair, according to a leading expert on the economy

Biden's policies are "amenable" to moving stakeholder capitalism forward, Martin Whittaker, CEO of JUST Capital, said.

How Old Navy, Target, and other companies helped respond to a national polling worker shortage

The US faced a shortage of poll workers as many seniors sat out this cycle over fears of contracting the coronavirus.
Better Capitalism 2020-11-02T13:05:00Z

The upskilling economy: 7 companies investing millions of dollars in retraining American workers so they can find better jobs

Executives from companies like Accenture and JPMorgan are recognizing the increased need to upskill and reskill workers during the pandemic.
Better Capitalism 2020-10-28T16:00:00Z

Facebook is expanding an upskilling program aimed at helping Black and Latinx small business owners who have been hardest hit by the pandemic

The upskilling program is part of Facebook's $1.1 billion program to help reduce racial inequality in the US.
Premium Small Business 2020-10-27T12:00:00Z

American Express is tapping a former star editor from Teen Vogue to launch a new podcast series to help Black entrepreneurs, as the credit card giant continues its efforts to improve racial equality

A month ago, American Express created a $10 million grant program to support Black-owned businesses. Now it's partnering with Elaine Welteroth.
Better Capitalism 2020-10-26T18:59:00Z

Verizon executive says the company's recent $44 million investment in upskilling is part of its duty to prepare job seekers for the future

The program, which prioritizes Black and Latinx applicants, is part of Verizon's new socially responsible business plan called Citizen Verizon.
Premium Better Capitalism 2020-10-23T19:09:11Z

Technology is drastically reshaping the workforce — here's what 3 leaders think are the biggest challenges and opportunities

A panel at Business Insider's Global Trends Festival discussed the impact of new technology on companies and workers.
Better Capitalism 2020-10-16T13:00:00Z

Here's what 9 top CEOs have to say about systemic racism and inequality in America

General Motors' Marry Barra, Walmart's Dough McMillon, and other CEOs are calling for corporate and legislative action.
Better Capitalism 2020-10-15T16:05:12Z

Microsoft CEO Satya Nadella calls for a 'referendum on capitalism'

Satya Nadella said companies like Microsoft should measure their success on the benefits they create for wider society, rather than their profits.
Better Capitalism 2020-10-15T15:36:03Z

More than 200 CEOs from companies like Microsoft, Walmart, and JPMorgan unveil a new plan to address racism in America

The plan comes as the Trump administration cracks down on government trainings rooted in critical race theory.
Better Capitalism 2020-10-14T16:39:56Z

10 US companies taking a stand on worker rights, racial justice, and climate change

Microsoft, Apple, and Intel ranked highly on the list compiled by Just Capital, an independent research firm founded by investor Paul Tudor Jones.
Premium Finance 2020-10-14T15:58:38Z

The CEO of Boston Consulting Group reveals the steps he's taking to address the global climate crisis, starting with a $400 million investment and a reduction in business travel

"We all agreed that we needed to do something about this, but we just didn't know how to, especially with travel," Rich Lesser said.
Better Capitalism 2020-10-13T16:54:19Z

Billionaire Ray Dalio donates $50 million to address racial and ethnic disparities in America's health system

Dalio has previously spoken out about inequality in the US, saying the American dream is "lost" due to inequality.
Better Capitalism 2020-10-10T15:00:00Z

Canada's 'beautifully surprising' basic income study shows how business needs to reconsider human nature

Started in 2018, the New Leaf project gave select 合约数字币和虚拟币homeless people in Canada $7,500 no strings attached. Leaders everywhere can learn from the results.
Better Capitalism 2020-10-09T12:30:00Z

The founder of the World Economic Forum and CEOs of Bank of America and EY say ESG standards are the future of capitalism

These standards may become mandatory in the future, says Bank of America CEO Brian Moynihan and EY CEO Carmine Di Sibio.
Better Capitalism 2020-10-08T04:01:00Z

JPMorgan Chase announces $30 billion investment to promote racial equity in the US

Black and Latinx Americans have historically been left behind by the financial and banking system.
Better Capitalism 2020-10-06T18:29:58Z

Ikea is opening its first second-hand store in a mall that only sells recycled or reused products

"At Ikea we don't want to merely be a part of the sustainability movement — we want to lead it," a company executive said.
Better Capitalism 2020-10-05T15:41:03Z

One chart shows worker satisfaction is quickly becoming a top priority for executives

New research from research firm JUST Capital shows there's been a shift in public perception over the last year.
Better Capitalism 2020-10-05T12:00:00Z

'We've misdrawn the battle lines of capitalism:' A founding member of Bain's social impact fund shares what really needs to be done to make stakeholder capitalism work

We need a standardized environmental, social, and corporate governance rules in order to make any real positive change to capitalism, he says.
Better Capitalism 2020-10-01T13:01:00Z

Citi just invested $100 million in a program that provides training and mentorship to people without college degrees. Here's how it's boosting diversity at the firm.

More companies like IBM, PwC, JPMorgan Chase, and Amazon are investing millions in upskilling to meet workforce demands and promote diversity.
Politics 2020-09-30T19:10:48Z

The first Trump-Biden debate was a microcosm of how broken American capitalism is

President Donald Trump refused to follow the rules his own campaign agreed to, the latest episode in decades of unpunished white-collar rule-breaking.
Better Capitalism 2020-09-25T18:00:34Z

After apologizing for its record on diversity, Harvard Business School is hiring a chief diversity officer, expanding scholarships, and planning to recruit more Black faculty

Harvard confirmed to Business Insider that need-based scholarships will expand to consider family income background, not just that of applicants.
Better Capitalism 2020-09-24T16:02:34Z

Jack Dorsey's Square just committed $100 million to boost Black-owned banks and businesses. Here's where the money is going.

The news follows Dorsey's August donation of $10 million to Boston University's Center for Antiracist Research.
Better Capitalism 2020-09-23T15:25:50Z

Racism cost the US economy $16 trillion over the last 2 decades, Citi study finds

The lost GDP is a result of Black Americans earning less than white Americans, having less access to loans, and limited access to higher education.
Better Capitalism 2020-09-22T17:04:53Z

'The time is now,' says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards

ESG standards, which measure company performance on environmental and other 'ethical' metrics, have been gaining steam since a 2006 UN report.
Finance 2020-09-22T13:13:00Z

Shell's new clean-energy boss is forging a fresh future for the $100 billion giant as the oil business begins to unravel

Meet Elisabeth Brinton, Shell's new clean-energy leader, who's pushing the oil giant into a future less dependent on fossil fuels.
Better Capitalism 2020-09-18T13:05:00Z

The wealthiest 1% has taken $50 trillion from working Americans and redistributed it, a new study finds. Here's what that means.

If it feels like you're working harder for less money than your parents' and grandparents' generations, that's because you are.
Better Capitalism 2020-09-17T15:24:25Z

A Mastercard SVP shares how the company's recent $500 million commitment is helping to close the racial wealth gap in the US

Marla Blow, senior vice president of social impact for Mastercard, said Black Americans have been left behind in the financial system.
Better Capitalism 2020-09-17T07:00:00Z

Coffee giant Nespresso commits to making all products carbon neutral by 2022

CEO Guillaume Le Cunff says rapid climate change could put coffee farmers and Nespresso out of business.
Strategy 2020-09-16T13:57:54Z

Business Roundtable CEO group announces its support for carbon pricing to help fight climate change

The group, which counts Amazon, Chevron, and American Airlines among its members, wants to help slash US greenhouse gas emissions by 2050.
Better Capitalism 2020-09-15T05:00:00Z

Google and Microsoft join more than 150 companies calling on the EU to tighten greenhouse gas emissions restrictions

The companies signed an open letter to the European Union calling for a reduction in domestic greenhouse gas emissions by 2030.
Strategy 2020-09-14T17:11:00Z

How top US companies like Bank of America and Salesforce are preventing parents from exiting the workforce by providing thousands of dollars in childcare benefits

Some 21% of companies have seen employees quit their jobs to help their child learn from 合约数字币和虚拟币home during the coronavirus pandemic.
Tech 2020-09-14T12:57:04Z

Google has offset all the carbon it has ever produced, says CEO Sundar Pichai

Google said it is the first major firm to offset its historical carbon emissions. It will run on carbon-free energy by 2030, CEO Sundar Pichai said.
Better Capitalism 2020-09-13T13:57:59Z

Capitalism needs an upgrade: On the 50th anniversary of Milton Friedman's landmark essay, the onus is on stakeholder capitalists to get their act together

JUST Capital CEO Martin Whittaker says the Friedman Doctrine's time is up. He calls for a change in how companies are run and how success is defined.
Better Capitalism 2020-09-13T11:45:00Z

As the pandemic, fires, and inequity all rage, free market icon Milton Friedman's declaration that the sole responsibility of business 'is to increase its profits' sounds emptier than ever

Half a century ago, the economist published an essay that shaped presidencies, corporations, and the way we live now. It got things exactly wrong.
Strategy 2020-09-10T13:56:00Z

12 companies boosting benefits so employees don't feel isolated or lonely during the coronavirus crisis

Starbucks, Target, PwC, and others are increasing mental health benefits like access to apps and free counseling sessions.
Better Capitalism 2020-09-09T17:05:36Z

'Lean Startup' guru Eric Ries just launched a new stock exchange that values companies based on principles like employee wellbeing, diversity, and inclusion. Take a look at how it works.

It's part of the movement to make companies care about more than just shareholders, promoting a longer-term approach than the current quarterly cycle.
Premium Strategy 2020-09-01T15:15:00Z

Elon Musk said a college degree isn't required for a job at Tesla — and Apple, Google, and Netflix don't require employees to have 4-year degrees either

Students assume getting a 4-year degree is the only way into top companies like Tesla, Apple, and Netflix. But that isn't always true.
Markets 2020-08-31T16:10:00Z

Billionaire Bill Ackman says mandatory investing accounts for every US child could combat wealth inequality

If returns continue to average 8% per year, a $6,750 investment at birth would yield more than $1 million by age 65, Ackman said.
Better Capitalism 2020-08-26T15:32:00Z

If the Senate doesn't bail out the childcare industry, economists see women leaving the workforce en masse

On Women's Equality Day it's important to call attention to this issue: that women shoulder most childcare responsibilities.
Opinion 2020-08-19T21:07:07Z

One year ago the CEOs of some of America's largest businesses promised to do more than just hunt for profits. The pandemic gave them a chance to live up to that promise.

CEOs on the Business Roundtable said their view of capitalism was changing. The pandemic has forced them to live up to that statement.
Strategy 2020-08-19T18:31:00Z

Germany gets a new universal basic income experiment as more countries consider cash handouts amid the pandemic

Some 120 Germans will receive approximately $1,400 every month for three years in a new study.
Better Capitalism 2020-08-19T15:22:54Z
Strategy 2020-08-11T15:40:04Z

How decades of US welfare policies lifted up the white middle class and largely excluded Black Americans

Historians and economic-policy researchers told Business Insider how welfare programs have left Black Americans behind, dating back to the New Deal.
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