This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. As tens of millions of people are losing jobs in the U.S. amid the coronavirus crisis, companies are stepping up to commit to their biggest constituencies beyond their own shareholders. The move is likely to accelerate the trend toward what's known as stakeholder capitalism--in which employees, suppliers, customers, and communities are given equal consideration to shareholders.
If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! Red alert. The Empire State Building lights up in emergency red in honor of hospital workers coping ... [+] with the onslaught of new SARS coronavirus patients in New York City. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) "Virologist" Bill Gates thinks the country needs to be locked down for 10-weeks -- no beaches, no hiking, no restaurants in towns with zero cases for miles and miles.
Meet the carbon skeptic hedge fund investor who's up 32% amid the oil bust. When's the bottom? "Eighty percent of these companies are going bankrupt," he says.
Hedge funds and private equity firms are plotting to lend to companies struggling with the fallout from the pandemic, or even buy stakes in them. The recent misfortune of American businesses -- many of which are struggling to raise cash to stay afloat -- is creating new moneymaking opportunities for hedge funds and private equity firms, big investors that have been relatively unscathed by the pandemic. With hundreds of billions of dollars sitting in reserve, these firms are plotting strategies to extend high-interest loans to companies, especially smaller, already troubled ones that banks have largely shunned over the past decade.
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia near the...
It's The Dawning Of A New Day In The Job Market. Here's What That Means For Higher Ed | Edsurge News
As 2020 kicked off, the U.S. job market was the strongest in 50 years, and the economy had seen a record 113-month streak of job creation. Across ...
For more than four years, nobody knew who bought the only $100 million apartment in Manhattan. Real estate agents and architects who worked with the buyer were all sworn to secrecy, according to the Wall Street Journal, and even after several rounds of building permit applications to renovate Michael Dell's 11,000-square-foot penthouse at One57, the name of the billionaire behind "P89-90 LLC" only became known after a loose-lipped insider told a reporter. Since becoming legal The post The rise of the anonymous LLC appeared first on The Real Deal New York.
Pennsylvania PSERS Focused On Increasing Leverage To Reach 'Better-Balanced Portfolio' | Jim Grossman, Chief Investment Officer | Q&A
Jim Grossman is the chief investment officer at the Pennsylvania Public School Employees Retirement System (PA PSERS), where he oversees $59.1 billion of assets. In this interview, he discussed why PSERS prefers a more balanced and diversified portfolio allocation; why using leverage in the portfolio is evolutionary for them; and their measured approach to early-stage venture.
A hedge fund boss and Warren Buffett disciple made a 40% gain during the brutal coronavirus sell-off after more than two years of betting against the stock market. Kevin Smith, the founder and investment chief of Crescat Capital, revealed in an investor letter that the group's macro fund posted a 40.5% gain between February 20 and March 20. Another key Crescat fund delivered a 34.3% gain over the same period, while the S&P 500 plunged by almost a third.
How Asia's Megacities Can Benefit From Mangroves And Other Natural Climate Solutions | News | Eco-business | Asia Pacific
The loss of mangroves and other coastal habitats has been linked to more frequent and severe flooding in adjacent villages and cities. What can urban dwellers, governments and businesses do to support nature-based solutions?