caption Jeff Bezos, Amazon’s CEO, is seeing his reputation take a dive. source Drew Angerer/Getty Images Amazon has been bombarded by negative press, with calls for boycott flooding social media on Prime Day, the company’s biggest shopping day of the year. Amid backlash over the treatment and pay of Amazon’s workers, CEO and founder Jeff Bezos became the richest man in modern history on Monday. As shopping increasingly shifts online, the biggest player in e-commerce is in a prime position to become the biggest villain in American capitalism. As Americans become increasingly reliant on Amazon, the company’s reputation is evolving in a dark direction. On Prime Day, Amazon’s largest shopping day of the year, the company was bombarded with calls for boycott. Hundreds of consumers took to social media to urge customers not to shop on the website during the 36-hour event, which took place on Monday and Tuesday. … [Read more...] about Amazon and CEO Jeff Bezos have beat out Walmart to become a symbol for everything wrong with American big business
Big business history
EL PASO, Texas -- For volunteer activists working with immigrants, those who profit from the migrants' plight are "sick." But illegal migration is big business in the border state of Texas, generating jobs for private prison operators, money lenders and storefront lawyers. Texas is at the center of the immigration crisis produced by President Donald Trump's "zero tolerance" practice, which has led to the separation of more than 2,000 children from their families who attempted to enter the country illegally or while seeking asylum. Although Trump on Wednesday ordered an end to the separations, deep confusion lingers over what this will mean on the ground. But in the meantime, the money keeps rolling in for those who benefit from the migrant influx. More than two-thirds of the nearly 304,000 who entered from Mexico and were detained by border patrol agents in the fiscal year 2017 were in Texas, according to US Immigration and Customs Enforcement (ICE). Not surprisingly, then, Texas has … [Read more...] about News In Texas border towns, illegal immigration is big business
Most with a grasp of business history know the rudiments of the Kodak story: a titan company, employing 160,000 people at its peak, and an integral part of the Dow Jones Industrial Average. Kodak, as late as 1976, dominated the film and camera business, with a staggering 85-percent share of camera sales. They invented digital photography technology, even set up a separate division to drive it, but decided in the 1990s not to pursue it because there was no way to monetize it, and hoped it “went away.” In a nutshell, Kodak failed to change when the world changed around them. In a strategic blunder of historic proportions, Kodak clung desperately to the film and photo-paper business model. By 2012 they declared bankruptcy, and what’s left is now a mere shell of its former self. How many people do you know who own a Kodak camera today? From 85-percent share to nothing in just three decades! It would be almost unfathomable if it weren’t fact. The world changes, and … [Read more...] about Are century-old business giants the next Kodak?
Impact of foreign reactions to coup on tourism, investment & relations, free flow of nurses with English skills in Asean & Loei villagers beaten up by thugs hired by mine owner. Uplifting: Filipino nurse educator Maria Avestruz is sharing her expertise in dealing with foreign patients with Thai nurses. PHOTOS: Pornprom Satrabhaya INTERNATIONAL RELATIONS Foreign reactions to coup and their impact on tourism, foreign investment & international relations 22/05/2014 Foreign reaction to the military coup poured in overnight in Bangkok, and it was virtually all negative. Southeast Asian neighbours urged caution with Malaysia warning its nationals to defer non-essential travel to Thailand. The Singapore government issued a warning to its citizens planning to visit Thailand: "Singaporeans should seriously reconsider visiting Thailand at the moment. The situation is unpredictable and volatile, and may evolve quite rapidly." Japan, Thailand's biggest foreign investor, … [Read more...] about What’s new in business news: May 23, 2014
When big sports deals are up in a few years, there’s a chance that tech companies could get some of the rights. But John Martin, CEO of Turner, thinks the TV industry is likely to hang onto valuable sports rights, despite the deep pockets of big tech. He believes fans won’t like watching sports on platforms like Facebook – and that sports broadcasting expertise is undervalued. Martin also said that TV networks are leaving ad money on the table because of limitations in measuring digital streaming. This post is part of a broader editorial series sponsored by Turner. As part of the series, Turner provided executives for two interviews. Turner did not dictate the editorial direction of these stories, nor did it influence any of the questions asked. As the TV landscape goes through seemingly constant, dynamic change, one assumption is often made about the … [Read more...] about The big question hanging over the TV industry is whether or not anyone wants to watch sports on Facebook