What is a ‘Peter problem’? Jaw-dropping study of U.K. CEOs reveals more named Peter than women

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The U.S. has a John, Robert, Michael, William and James problem. Did you know that there are more CEOs named Peter leading top U.K. companies than female CEOs? This and other jaw-dropping findings come in a new report on U.K. corporate leadership among 350 companies on the FTSE index. The research was conduced by diversity and inclusion consultancy The Pipeline . Here are just a few insights: Read Full Story

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Jaw-dropping study: Executives who manipulate earnings are hired for their lack of ethics

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Your bad boss may be that way for a reason. As a journalist who has interviewed hundreds of top CEOs, I can report that many of them are not overflowing with humanity. Now we may know why: In an eye-opening peek into the business of evil, a new study in the Journal of Business Ethics finds that companies purposely hire people with unsavory personality traits when earnings manipulations are in order. Read Full Story

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How to keep company values on track while people work remotely in quarantine

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The CEO of Kazoo argues that a company’s core values have the power to elevate your organization or tear it down. And now they’re more important than ever. The direct-to-consumer luggage brand Away recently faced harsh criticism after an investigation by The Verge revealed the company’s toxic work culture. The startup, founded by two women, enticed employees with its apparent culture of inclusion and mission for everyone to live a more travel-minded lifestyle. But workers quickly discovered a controlling culture marked by extreme surveillance, overwork, and public bullying—all in the name of Away’s core values. Read Full Story

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Here’s the full list of companies that received Paycheck Protection Program loans over $150,000

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The SBA released a trove of data about the Paycheck Protection Program, including the names of companies that received larger loans. Bowing to pressure from critics over its handling of more than $500 billion in coronavirus relief funds, the Small Business Administration today released a trove of data about the recipients of loans from the federal Paycheck Protection Program, including full business names and addresses for companies that received loans of $150,000 or more. Read Full Story

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3 reasons why Twitter took a $5 billion stock hit after banning Trump

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On early Monday, the company’s stock price dropped more than 10%—indicating that investors are nervous about the company’s future without the Tweeter-in-Chief. Twitter announced Friday night that it was ridding its platform of Donald Trump for good. This, of course, came after the president used his platform of choice to stir his followers to riot at the Capitol building last Wednesday. Read Full Story

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Virgil Abloh responds to critics: ‘It’s glaringly obvious that I stand with Black people’

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“I’m not made for a podium,” Virgil Abloh says in an exclusive interview with ‘Fast Company.’ “But I’ll design a podium that ushers in systemic change.” This week, Virgil Abloh, auctioned off an unreleased pair of sneakers from his streetwear label Off-White on eBay, and yesterday, they sold for more than $185,000. Abloh is donating the money to support an anti-racist organization in the U.K. that introduces Black history to children called The Black Curriculum. Read Full Story

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The dark side of marketing technology (martech)

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30-second summary: Complexity is an ongoing challenge. Martech’s proliferation of data and tools can be overwhelming, making it difficult to keep technology up-to-date and staff up-to-speed on how best to utilize the stack. Finding the right talent is another big pain point. A technical marketing landscape requires technical skills, but marketing still requires creativity, empathy, and humanity. Avoid the temptation to over automate. Balancing data with creativity is incredibly important, particularly in the post-COVID-19 marketing universe. Consumer behavior and sentiment can change in an instant, so messaging must be authentic, appropriate, and supremely human. Martech stacks tend to be underutilized, meaning companies are wasting money by not fully leveraging their martech. Understanding the pitfalls listed here can help businesses better plan and maintain their stacks and the resources needed to ensure they facilitate business growth. Marketing technology (martech) touches every aspect of modern business, going far beyond the marketing department …

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What is Equity Crowdfunding and How Can You Use it For Your Business?

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Creating a successful startup is hard; it’s even harder without access to startup funds. However, if you’ve got a great business plan and the ability to create a buzz around your brand, equity crowdfunding could be the perfect option for your business. New legislation is opening up this crowdfunding option and making it a more viable method of raising capital for thousands of businesses. An Overview of Equity Crowdfunding Equity crowdfunding enables members of the public to invest in a privately-owned company. An entrepreneur or a business, generally a startup, will use an equity crowdfunding platform to offer securities in return for an investment from members of the public. Most commonly, that security will be in the form of shares, and as the company grows and prospers, the value of those shares increases, offering the investor a return on their investment. Why is this important for businesses? If you’ve ever …

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