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Former Facebook executive: ‘We have created a tool that’s ripping apart the social fabric of how society works’

“The November talk, which was picked up by The Verge on Monday, is another example of early Facebook executives criticizing what they created” writes Steve Kovach for businessinsider.com. Former Facebook executive Chamath Palihapitiya said in an interview at Stanford’s graduate business school that social media is damaging society. Source: businessinsider.com Share This:

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Uber security executives resign amid alleged corporate spying, data breach

“GOOGL, -1.49% GOOG, -1.48% subsidiary Waymo which alleges a former Uber executive stole 14,000 confidential documents that Uber used to bolster its self-driving vehicle technology” writes Tech Reporter for marketwatch.com. Amid allegations of corporate espionage and a delayed disclosure of a massive breach, two senior Uber Technologies Inc. security executives have resigned, and a third has taken medical leave, according to Reuters.The news of executives exiting the ride-hailing giant comes days after a stunning revelation during a federal civil lawsuit launched by Alphabet Inc.Earlier this week, a former Uber executive…

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NBC may have lied about covering up sexual harassment allegations against Matt Lauer for years

“One former reporter told Variety that executives who previously worked on the program “protected the shit out of Matt Lauer.”” writes Emily Jashinsky for washingtonexaminer.com. But before close of business, Variety published a shocking and apparently well-sourced report rife with disturbing allegations about Lauer’s behavior.Several women told the outlet they complained about the top anchor to network executives. Source: washingtonexaminer.com Share This:

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Uber executives traveling globe to reassure regulators after controversies

“TOKYO (Reuters) – Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a string of controversies, including a data breach, hurt the ride-hailing firm’s reputation, its Asian head said on Monday” reports businessinsider.com. “We’ve learned very quickly and we’re tacking very quickly,” Brooks Entwistle, Uber Technologies Inc’s [UBER.UL] recently appointed chief business officer for Asia Pacific, told Reuters in an interview at the company’s offices in Tokyo where he is meeting Japanese regulators.Uber this month disclosed that it covered…

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Why Washington’s tax plans for executive compensation are misguided

“The House bill retains the proposal to limit the corporate deductibility of performance-based compensation, though the House recently dropped its proposal to tax deferred compensation” writes Robert C for marketwatch.com. The employees recognize taxable income in the year when they actually receive this deferred compensation, and the company’s deduction for this deferred compensation is postponed until the same year.Performance-based compensation is strongly supported by institutional shareholders, who vote each year on advisory resolutions about the total compensation package provided by public companies.Yet I doubt that most public corporations will substantially…

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Equifax apologizes again, lays out costs going forward

“What makes the data breach so dangerous is the information that Equifax holds” reports thebusinessjournal.com. The Atlanta company reported a 27 percent slump in third-quarter profit, largely due to a hack that exposed the personal information of 145 million Americans.Various other investigations now surround the data breach and the company.published on November 10, 2017 – 12:10 PM Written by Associated Press (AP) — A day after posting sizeable profit declines due to a massive data breach, Equifax said it expects to incur related costs of between $60 million to $75…

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Arjay Miller, Ford president and Stanford business dean who called on companies to improve civic life, dies at 101

“The car company, a marquee American business brand, was then struggling and was projected to lose millions of dollars” reports washingtonpost.com. Arjay Miller, a onetime Ford Motor Co. “whiz kid” who, as the company’s president and later as dean of Stanford’s Graduate School of Business, called on business executives to assume larger roles of civic and social responsibility, died Nov. 3 at his home in Woodside, Calif.Miller said business leaders should adopt corporate values that reached beyond the bottom line. Source: washingtonpost.com Share This:

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Bandwidth stock up 5% after IPO

“BAND, +5.85% had its initial public offering Friday and investors sent the stock up 5% to $21 in late afternoon trading” writes Tech Reporter for marketwatch.com. Executives priced the IPO at $20, the low end of the $20 to $22 range executives sought, according to filings with the Securities and Exchange Commission.The Cary, NC-based company sold 4 million shares, and raised $80 million as the stock listed on Nasdaq under the ticker symbol “BAND”. Source: marketwatch.com Share This:

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