Ex-president and CEO Michael Woodford says he tried to blow the whistle on fraudulent accounting related to $1.6 billion in transactions. He was then fired: Woodford, 51, recounted how he had just returned from Hong Kong, having fled Tokyo after a board meeting in which Olympus Chairman Tsuyoshi Kikukawa had fired him. The cause for […]
Search results
Posted inUncategorized
The Bank of England’s Andrew Haldane on banking, risk and how to bring social and financial equity back into the system: Consider the effects of the too-big-to-fail problem on risk-taking incentives. If banks know they will be bailed out, those holding their debt will be less likely to price the risk of failure for themselves. […]
Posted inUncategorized
Top 5 #Longreads of the Week: Sports Illustrated, Bloomberg Businessweek, Reuters, Popular Science, City Pages Minneapolis, a fiction pick, plus a guest pick from Jason Boog.
Posted inUncategorized
Inside CEO Dick Costolo’s efforts to perfect the company’s revenue model and compete with Google and Facebook for ad dollars: Twitter still makes money with licensing deals—Microsoft pays to get a real-time feed of tweets for its search engine, Bing. But Costolo firmly established the company’s primary identity as a communications tool that lets advertisers […]
Posted inUncategorized
Featured Longreader: Author Danyel Smith. See her story picks from Bloomberg News, The Atlantic, Esquire, plus more on her longreads page.
Posted inUncategorized
Featured Longreader: Luke Hackney, writer/designer. See his story picks from Bloomberg Businessweek, The New Yorker, The Nation, plus more on his #longreads page.
Posted inUncategorized
The story of “the world’s most notorious weapons trafficker”: The longer we sat in the small, musty room, the more the tempered side of Bout’s personality receded. I asked whether he felt any remorse. “I did nothing in my mind that qualifies as a crime,” he replied. “Sure, I was doing transportation of arms,” he […]
Posted inUncategorized
Inside the making of a hit pop song—or hundreds of them. Stargate and Ester Dean are a producer-“top-liner” team that helps write hits for stars like Rihanna: “The first sounds Dean uttered were subverbal—na-na-na and ba-ba-ba—and recalled her hooks for Rihanna. Then came disjointed words, culled from her phone—’taking control … never die tonight … […]
Posted inUncategorized
Inside the social media factory created by former Huffington Post cofounder Jonah Peretti—how they’ve cracked viral content, invested in original content, and made money: At around 5 p.m., Stopera published ‘48 Pictures That Perfectly Capture the ’90s’ on BuzzFeed. ‘These pictures are all that and a bag of chips!’ he wrote at the top of […]
Posted inUncategorized
Steve Jobs pledged to go “thermonuclear” in Apple’s battle against Google’s Android and device manufacturers like Samsung who he claimed ripped off the iPhone and iPad designs. But bringing a patent fight to court comes with significant risks: Several Asian manufacturers were noodling around with similar-looking rectangular smartphones before the iPhone came to market. Tipping […]
