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What the NFL Playoffs and Tech Layoffs Have in Common
  + stars: | 2023-01-26 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
To understand the forces behind the recent layoffs that have ravaged the tech industry, it helps to start with a curious decision by one Bay Area organization. At the end of last year’s National Football League draft, with 261 players off the board and time running out, Brock Purdy was still waiting to hear his name called. Then his phone rang. The San Francisco 49ers were taking him with the very last pick.
The Man Who Drove the VW Beetle’s American Invasion
  + stars: | 2023-01-20 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
When he came to the United States as a young Volkswagen executive, Carl Hahn inherited an undesirable office and a job that seemed impossible: make the Beetle huge. He was an outsider with fresh eyes who saw that he couldn’t beat American companies with much bigger head counts and budgets. The only way to win was for the German car maker to play another game altogether.
What Happened When the Olive-Oil Startup Apologized
  + stars: | 2023-01-12 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
Andrew Benin wrote the email in a few hours and didn’t bother proofreading or showing a draft to anyone before he sent it to 35,544 people. He was unusually eager to say the most dreaded word in business: sorry.
This is the week when people everywhere pursue what might be the world’s most popular strategy for maximizing success. This is also the week they begin to wonder: Why did I make that New Year’s resolution? It turns out someone has spent many years answering that very question.
This is the week when people everywhere pursue what might be the world’s most popular strategy for maximizing success. This is also the week they begin to wonder: Why did I make that New Year’s resolution? It turns out someone has spent many years answering that very question.
The Most Interesting Success and Failure of 2022
  + stars: | 2022-12-29 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
What was the most interesting success or failure of 2022? That was the question I asked the people behind some of the ideas, moments and breakthroughs that made my own list. The answers didn’t have to be the biggest or flashiest but the ones that were personally resonant: a hit that made them envious, a miss that made them smarter, the individual or company or strategy they couldn’t stop thinking about.
The movie had every ingredient of a hit when it opened right before Christmas. By the new year, it was a flop. In fact, when the copyright on this film expired, nobody even bothered to renew it. It was so forgettable that it was quite literally forgotten. This is also the reason that people are still watching “It’s a Wonderful Life.”
Does FTX’s New CEO Have the Worst Job in Corporate America?
  + stars: | 2022-12-15 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
There was one question that nobody in this week’s congressional hearing asked the new chief executive officer of FTX: Why would anybody want that job? “I am drawn to crisis,” John J. Ray III told me in an email. “There is something about the sheer chaos and human panic that creates an unbridled energy.”
It’s Now His Job to Clean Up the Mess at FTX
  + stars: | 2022-12-15 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
There was one question that nobody in this week’s congressional hearing asked the new chief executive officer of FTX: Why would anybody want that job? “I am drawn to crisis,” John J. Ray III told me in an email. “There is something about the sheer chaos and human panic that creates an unbridled energy.”
There are more people who have traveled to space than soccer players who have taken a penalty kick in a World Cup shootout, and there is nobody on this planet who has done more to understand the minds of those athletes than a psychologist named Geir Jordet . He spent five years of his life watching footage of every shootout of every major international men’s tournament for the past half-century.
The most recent Emmy winners for best drama were TV shows about the same irresistible premise: Succession is what binds “Game of Thrones,” “The Crown” and, of course, “Succession.” It’s now the subject of another Hollywood saga, and this one stars neither the royals nor the Roys. The latest epic tale began when Disney made the surprising move to lure Robert Iger out of retirement as chief executive last week and give Mr. Iger two years to help find the next Mr. Iger.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/sam-bankman-frieds-plans-to-save-the-world-went-down-in-flames-11669257574
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/sam-bankman-frieds-plans-to-save-the-world-went-down-in-flames-11669257574
WINTERVILLE, N.C.—Mariia Holovan left Ukraine on a bus to Poland, waited for what felt like forever at the border, flew to Chicago, then connected to Charlotte, N.C., and met an American named Grant Jones. Together they went to her new home in the United States. “I can’t believe I’m here,” Ms. Holovan thought as they drove to the North Carolina suburbs.
The Risky Business of Sam Bankman-Fried
  + stars: | 2022-11-14 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
Nobody as rich as Sam Bankman-Fried ever spent so much time speaking to podcasters and explaining how they got rich. Weeks before the crackup of his cryptocurrency exchange and spectacular collapse of his wealth, the chief executive of FTX gave an interview that began with an illuminating question: What was the first thing his company did better than any other? “Manage risk,” he said.
Yeezys vs. Kyries: How Nike and Adidas Ran Into Crisis
  + stars: | 2022-11-10 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nike-adidas-kyrie-irving-kanye-yeezy-11668033703
The Other Shoe Drops at Nike and Adidas
  + stars: | 2022-11-10 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nike-adidas-kyrie-irving-kanye-yeezy-11668033703
Democrat Becca Balint is the winner of Vermont’s at-large Congressional District race, NBC News projected. She is the first woman and the first LGBTQ person elected to Congress from the state. She added, "Tonight, after 231 years, Vermonters are sending a woman and openly gay person to Congress for the first time." Her victory ended Vermont's status as the only state never to have sent a woman to Congress. In 2020, she became the first woman and the first openly LGBTQ person to be president of the Vermont Senate.
The Brooklyn Nets are once again confronting what has become the NBA’s most familiar problem: What to do about Kyrie Irving? The supremely talented but volatile guard is at the center of another head-spinning saga that began last week with Irving linking on social media to a movie with anti-Semitic themes. The drama took yet another turn overnight when the Nets star apologized after days of refusing to express contrition.
Kyrie Irving told reporters that he took responsibility for sharing a documentary that ‘may have had some unfortunate falsehoods,’ but he refused to apologize or disavow the film. Kyrie Irving was suspended by the Brooklyn Nets for a minimum of five games without pay on Thursday night in response to the NBA star’s refusal to unequivocally disavow anti-Semitism after a weeklong drama that consumed the league. Hours after his suspension was announced, after declining to apologize or denounce anti-Semitism earlier in the day, Irving responded on Instagram apologizing for his comments for the first time.
Kyrie Irving told reporters that he took responsibility for sharing a documentary that ‘may have had some unfortunate falsehoods,’ but he refused to apologize or disavow the film. A battle between the NBA and Brooklyn Nets star Kyrie Irving intensified on Thursday when league commissioner Adam Silver admonished Irving for not apologizing after he promoted a movie that contains anti-Semitic themes, only for Irving to respond defiantly. Irving and the Nets had on Wednesday issued a joint statement with the Anti-Defamation League saying the team and its point guard would contribute $1 million to organizations that work to “eradicate hate and intolerance.” The donation seemed to signal an intent to move past the controversy that began a week ago when Irving tweeted a link to the movie “Hebrews to Negroes: Wake Up Black America.”
There Has to Be a Better Way to Lose $800 Billion
  + stars: | 2022-11-03 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/meta-facebook-metaverse-mark-zuckerberg-11667424987
Kyrie Irving and the Brooklyn Nets are contributing $500,000 each toward ‘causes and organizations that work to eradicate hate and intolerance.’Kyrie Irving, the Brooklyn Nets and the Anti-Defamation League said on Wednesday that the team and its star would contribute $500,000 each toward “causes and organizations that work to eradicate hate and intolerance,” an apparent effort to move past a controversy that has consumed the NBA after Irving tweeted a link to a movie with anti-Semitic themes and appeared to endorse its contents. The latest Irving drama began last week, when he shared a link to the Amazon Prime video page of the 2018 movie, “Hebrews to Negroes: Wake Up Black America.” After the movie’s themes came to light, Nets owner Joe Tsai criticized Irving and condemned the film. Irving denied being anti-Semitic and protested that he had done nothing wrong before deleting the tweet.
Any stock that doubles in five years, outperforms tech giants over three years and beats more than 450 companies in the S&P 500 this year is clearly worth studying. And there is no better time to look at one of the biggest winners of a terrifying market than Halloween. Because that company happens to be Hershey .
Any stock that doubles in five years, outperforms tech giants over three years and beats more than 450 companies in the S&P 500 this year is clearly worth studying. And there is no better time to look at one of the biggest winners of a terrifying market than Halloween. Because that company happens to be Hershey .
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