Meta CEO, Mark Zuckerberg doesn’t think managers managing managers is an ideal corporate structure.Drew Angerer/Getty Images Mark Zuckerberg reportedly said managers should not be rewarded for creating larger teams. Zuckerberg reportedly said he doesn’t think a structure of “just managers managing managers” is ideal. Meta’s chief product officer Chris Cox has discussed the need to “flatten” the management structure, Command Line said. Managers managing managers managing managers managing… Source link
Read More »Mark Zuckerberg reportedly said he doesn’t like seeing ‘managers managing managers,’ fueling speculation of more layoffs
Meta CEO, Mark Zuckerberg doesn’t think managers managing managers is an ideal corporate structure.Drew Angerer/Getty Images Mark Zuckerberg reportedly said managers should not be rewarded for creating larger teams. Zuckerberg reportedly said he doesn’t think a structure of “just managers managing managers” is ideal. Meta’s chief product officer Chris Cox has discussed the need to “flatten” the management structure, Command Line said. Managers managing managers managing managers managing… Source link
Read More »Corporate ‘price gouging’ is fueling inflation
Progressive Congresswoman Alexandria Ocasio-Cortez (D-NY) told Yahoo Finance in an exclusive interview that corporate “price gouging” has fueled inflation, placing the blame largely on dominant companies that hike prices and rake in profits without fear of competition. She strongly rejected claims that government stimulus in response to COVID-19 has caused the price spike, warning that such a diagnosis of the problem could lead to spending cuts with dire consequences for millions of people… Source link
Read More »WallStreetBets Briefly Goes Dark After Fueling GameStop’s Surge
(Bloomberg) — WallStreetBets, the internet forum fueling a frenzy of retail trading, briefly turned itself off to new users Wednesday after a deluge of new participants raised concerns about its ability to police content, a notice on the website said. The WallStreetBets home page was closed to all users for a little over an hour Wednesday evening in New York. A message on the site shortly after 6:30 p.m. in New York said it was experiencing technical difficulties due to a flood of new… Source link
Read More »BlackRock Is Fueling A $120 Trillion Transformation On Wall St.
Big money is turning its back on companies that aren’t conforming to one simple idea… Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever seen. In fact, within a year, 77% of institutional investors will stop buying into companies that aren’t, in some way, sustainable. And the new King of Wall Street is leading the charge. BlackRock, with over $7 trillion in assets under management, says its clients will double their ESG investments in just five… Source link
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