Anand Giridharadas lambasts corporate board members
From Kate Taylor:
When Anand Giridharadas was invited to speak at the National Association of Corporate Directors’ annual summit, the writer — known for his sharp critiques of billionaires and the global elite — did not hold back.
“A lot of your children and grandchildren do not respect your work,” Giridharadas said on Monday to more than 3,000 directors watching the summit virtually, according to audio obtained by Business Insider.
Giridharadas slammed directors for their lack of action, portraying businesses as making empty promises while simultaneously dodging responsibility.
“This being a group of corporate directors, I ask again, where were you?” Giridharadas said in his remarks. “Where were you in the run-up to the climate crisis? Where were you during widening inequality over the last four decades? Where were you in the run-up to the subprime crisis? Where were you in the run up to the opioid crisis? Where were you?”
The aggressive remarks shocked many of the hundreds of people virtually attending the summit, which is billed as the “the largest and most influential director forum in the world.”
Read the story in full here:
From Samantha Stokes:
For decades, prestigious management-consulting firms like McKinsey, Bain, and BCG — collectively known as the Big 3 — have been an important part of the business world by advising clients and offering strategies for growth.
But the $200 billion consulting industry is facing a new threat: technology.
When it comes to information, expertise, insight and execution, technology is threatening to disrupt consulting firms’ ability to offer services to clients at a high price tag.
Read the full story here:
The year 2020 has delivered surprises and shattered records at every turn — and the November elections could prove to be no different.
Join Business Insider on Wednesday, October 21 at 2 p.m. ET and hear from three investment experts who will share their advice on how to navigate the election-season peak.
Business Insider’s Joe Ciolli will speak with Thomas Lee, managing partner and head of research for Fundstrat Global Advisors; Nancy Davis, founder and managing partner of Quadratic Capital Management; and James McDonald, CEO and chief investment officer of Hercules Investments.
Here are some headlines from the past week you might have missed.
Male employees at a $1.6 billion security-camera startup were accused of taking photos of female employees and sharing them in a private Slack channel
Read the full letter private equity titan Robert F. Smith sent to investors about his $139 million tax evasion settlement
Expedia salaries revealed: These 12 jobs at the $12.7 billion travel giant fetch as much as $267,000 in base pay
AT&T is putting WarnerMedia’s huge NYC headquarters under review and could decide to cut hundreds of thousands of square feet of office space
The co-CEO of $47 billion Atlassian explains why it plans to stop selling its Server product lineup starting in February: ‘The cloud is the natural future’
60 employees voluntarily resigned from Coinbase, a successful $8 billion startup. Insiders detail the unrest caused by the CEO’s new ‘apolitical’ policy.
Per-diem attorneys could make $200,000 a year from freelance lawyer gigs. But as work has vanished, they’ve become Instagram cooks, motivational speakers, and reiki coaches.
Amazon and Bill Gates are backing a unique startup that puts a price tag on trees to win a slice of a market set to reach $200 billion