After climbing the corporate ladder at Procter & Gamble (PG), Denise Morrison became CEO of Campbell Soup in August 2011. By that point her younger sister Maggie Wilderotter was already a pro at running a big business. She was hired as CEO of Frontier Communications (FTR) back in 2006.
That means that while there are only 24 women running S&P 500 companies, two of them come from the same Long Branch, N.J. family...
Paul Marshall says that those with wealth should consider ways in which they can help the rest of society
A centre for the study of philanthropy and social entrepreneurship is to open at the London School of Economics with a £30m donation from Paul Marshall, the hedge fund investor.
Despite recent growth in philanthropic activity, there is a sparse formal evidence to demonstrate which strategies for giving are most effective. The Marshall Institute for Philanthropy and Social Entrepreneurship aims to bring together philanthropists, policy makers and researchers to inject “academic rigour” into the subject.
NBER Working Paper No. 21035 Issued in March 2015 NBER Program(s): EFGPE
This paper investigates how tax changes for different income groups affect aggregate economic activity. I construct a measure of who received (or paid for) tax changes in the postwar period using tax return data from NBER's TAXSIM. I aggregate each tax change by income group and state. Variation in the income distribution across U.S. states and federal tax changes generate variation in regional tax shocks that I exploit to test for heterogeneous effects. I find that the positive relationship between tax cuts and employment growth is largely driven by tax cuts for lower-income groups and that the effect of tax cuts for the top 10% on employment growth is small.
In his 1961 inaugural address, President John F. Kennedy said “Ask not what your country can do for you — ask what you can do for your country.” (YouTube)
Similarly, U.S. Department of Health and Human Services’ Chief Learning Officer Trina Shields, née Greer, asks the leaders and employees inside and outside of her organization not what learning can do for them but what they can do to promote each other’s growth and development.
To do so and remain under budget, the department had to look outside. Shields created “Higher Education @ Work,” a partner model that connected HHS with 22 universities. Instead of relying solely on departmental programs, employees can access certification and degree programs with tuition discounts. This eases HHS learning delivery costs and increases the level of education its workforce can receive.
“Most agencies were afraid to ask universities for savings and discounts,” Shields said.
It’s easy to assume Apple Pay is one in a long line of disruptive innovations from the master of serial disruption. But this time that’s not the case. Apple isn’t behaving as a disruptor here; it’s acting as a reseller.
This seems like an easy distinction to spot, but that’s not always so. Like disruptors, resellers can enter an industry with a different business model and target customers unattractive to established firms. But they extend an industry’s distribution structure rather than disrupt it...