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“Not quite a cliché, not quite a term of art, a buzzword is a profound-seeming phrase devised by someone important to make something sound better than it is,” my colleague Olga Khazan wrote in February. Jargon such as pain points and pushback can be a much-derided feature of many workplaces. Even when so much of […]
Amazon CEO Andy Jassy said most Amazon corporate employees are currently on a hybrid work schedule. Jerod Harris/Getty Images for Vox Media Amazon CEO Andy Jassy said the company isn't planning to force employees back to the office. He noted that most of Amazon's corporate workers are already on a hybrid scheme. Jassy said the […]
IN THE 1970s the junk-bond market was a dark underworld. It was the home of “fallen angels”, the bonds of investment-grade firms that had gone to seed. Most investors were too genteel to hold them. So they traded at hefty discounts to face value. Then Michael Milken, a junk-bond guru, came along with a new […]
Scavenging in the junkyard
Following a previous article about Faraday Future, the manufacturer reached out to yours truly to clarify a few things. First of all, the company deemed the headline and body a bit “jagged.” Understandable, as no manufacturer wants to be called “America’s Worst Automaker” by some bespectacled creep sitting behind a keyboard. Faraday’s spokesperson also noted […]
Kim White/MSNBC Google has dropped out of a bidding war with Amazon and other cloud computing companies for Joint Enterprise Defense Infrastructure (JEDI), a $ 10 billion contract from the Pentagon. Google chose to withdraw because the contract may conflict with its corporate values, and its principles over the ethical use of AI. This decision […]
Microsoft The perpetually licensed version of the desktop Office apps, branded Office 2019, was released today. It’s available as a one-time purchase for volume-licensed commercial customers. A consumer release will come in the next few weeks. Office 2019 is supported on Windows 10—exclusively; no Windows 7 or Windows 8.1 support is available—and the three most-recent […]
For countries in the tax haven game, it’s a race to the bottom. Singapore’s welcome mat? Corporate taxes at just 17 percent. Gibraltar scrawls 10 percent on its rock, and the Cayman Islands boast 0 percent (even though everyone knows the tab on Cayman-registered profits ends up at 13 percent). But nobody outsells Ireland and […]
BY HIS own account Christopher Hitchens, an author who died in 2011, was a poor student. He left Oxford with a third-class degree. This was not for want of ability. Hitchens would become a prolific essayist and fearsome debater. Rather, it was a choice. His tutors warned him about neglecting his studies. But he preferred […]
When it comes to big money there’s a whole lot of room for screw-ups, cover-ups and everything in between. The business world is no stranger to scandal with many wheeler dealers ready to gain at other people’s expense. Money managers, chief executives, lawyers… some are dead or in jail, others doing just fine, after masterminding […]
