Celebrity Life
How Hedge Fundsâ Lack of Diversity Affects All of Us
A recent Knight Foundation study found that only 1.4% of Americaâs wealth is handled by asset management firms owned by women and/or people of color, even though there is zero difference in the performance of the more diverse firms. Former hedge fund employee and current sociologist Megan Tobias Neelyâs new book Hedged Out: Inequality andâŚ
Elizabeth Holmes Will Likely Land in Fenceless, Low-Security Prison for Theranos Fraud
Legal experts say that Holmes may serve as little as three years at one of the least restrictive facilities in the U.S.
How Addictive Social Media Algorithms Could Finally Face a Reckoning in 2022
Platforms like Facebook and Instagram are under mounting pressure to reform the ways in which they're built to be addictive for users
One Lesson From the Theranos Scandal: We Need Age Diversity on Corporate Boards
A few months after I graduated from Stanfordâs business school in 2013, Theranos was generating buzz on campusâand not all of it was good. One evening, I found myself in a dinner party conversation with a group of some of the universityâs brightest scientific minds. When talk landed on the still mostly-unknown medical technology startupâŚ
8 Top CEOs Give Their Predictions for the Wild Year Ahead
(To receive weekly emails of conversations with the worldâs top CEOs and business decisionmakers, click here.) Nearly two years into the COVID-19 pandemic, business leaders are heading into 2022 facing the strong headwinds of the Omicron variant, continued pressure on supply chains, and the great resignation looming over the labor market. TIME asked top leadersâŚ
How Digital Twins Are Transforming Manufacturing, Medicine and More
Digital twinsâexact digital re-creations of objects or environmentsâare being used to replicate factory floors, car prototypes and internal organs
Russia Steps Up Pressure on Google With $98 Million Fine
Russia has stepped up its confrontation with foreign social media and internet companies this year in what the government calls a campaign to uphold its digital sovereignty.
What a Record-Breaking Year For IPOs Tells Us About the Economy
2021 was a crowded year for companies entering public markets with 980 businesses going publicâmore than double the number that did so in 2020.
A South Korean Company Said a Natural Gas Project Was âCO2-Free.â Itâs Being Accused of âGreenwashingâ
âThere is no such thing as âCO2-free LNG,ââ Oh Dongjae, a researcher for Solutions for Our Climate, said.
âIâd Love to Throw a Chair at Somebody.â College Athlete TikTok Stars Are Signing on With WWE
The Cavinder twins, who have 3.8 million TikTok followers, headline a group of athletes who have partnered with pro wrestling.
Companies Embrace Older Workers As Younger Employees Quit or Become Less Reliable
At 73, showing up to work five days a week in the shipping department of AIS Inc.âan office pod manufacturing company heâs been with for nearly two decadesâwas starting to be a grind for Bob Adams. He kept having to request Fridays off for doctorâs appointments to help keep his nagging diabetes, high blood pressure,âŚ
Amid Scaling Challenges, Rivian Announces Plans to Build New $5B Factory in Georgia
In its first earnings report since the companyâs blockbuster $13.7B IPO in November, electric vehicle maker Rivian announced its plans to build a second EV factory, this time in Georgia. (Rivianâs only current factory is in Normal, Ill.) The Irvine, Ca.-based company delivered compelling numbers, but admitted the challenges of scaling up production rapidly. âWeâreâŚ