NEW YORK: Investors in the upcoming initial public offering of WeWork's parent, The We Company, are being asked to lower their standards for corporate governance beyond what other technology startups have demanded, securities law experts said on Wednesday.Adam Neumann, the company's CEO and co-founder, will control the company through his ownership of shares with high voting power, a common structure among newly listed Silicon Valley unicorns, including ride-sharing startup Lyft Inc , Snapchat owner Snap Inc and social media giant Facebook Inc .The We Company will take a financial hit for this decision, as the S&P 500 and some other major indices exclude companies with dual-class shares. On the other hand, many investors have overcome their concerns about founders retaining a tight grip on fast-growing startups, because of fear of missing out on potentially lucrative returns.But We Company, whose losses are widening with no stated path to profitability, has awarded Neumann unusual … [Read more...] about Founder’s grip on WeWork may be hard for investors to stomach
Most common gender reveal
KUALA LUMPUR: Farhan (not his real name) was taken to a private hospital by his parents to seek treatment for an infection on his right leg. For any healthy 12-year-old, medications and aftercare service would suffice to get them on their feet again. However, Farhan was far from healthy. His weight at that time was more than 100 kilogrammes and he was referred to a government hospital to treat the complications that had arisen due to his obesity. Child and parental obesity Sadly, due to his weak heart, Farhan lost his fight and passed away at the tender age of 12. According to the World Health Organisation (WHO), the prevalence of childhood obesity has increased at an alarming rate globally — in 2016, the number of overweight children under the age of five was estimated to be over 41 million. A 2010 study published in the International Journal of Environmental Research and Public Health cited genetics as the common non-modifiable cause of obesity, with greater risk of obesity … [Read more...] about Childhood obesity a growing health crisis in Malaysia
Last year, the Women's Empowerment and Child Protection Ministry revealed there were nearly 13,000 reported cases of violence toward women and children. Among them over 10,550 cases or 82 percent affected women and 73 percent happened in the private sphere. Intimate partners emerged as the leading perpetrators of violence against women with 1,528 cases, followed by biological fathers ( 425 ), uncles ( 322 ), stepfathers ( 205 ), and husbands ( 192 ), showing that violence and any form of abuse are already rampant before marriage. The annual report from the National Commission on Violence Against Women shows a consistent increase in incidences of violence against women since 2010 (105,105 cases) to 2018 (406,178). As physical and sexual violence dominated the report, what is equally important but often unseen and forgotten is emotional and mental abuse in intimate relationships, leaving it untreated or often being ignored or undermined. However, the impacts on the victim are equally … [Read more...] about Mental health: The forgotten element in human development
For eons now, it has been common belief that women are bad with money and this has been time and again eternalised by marketing efforts, media and our society. And we, being slaves to the aforementioned three, have blindly believed this to be the case too. In the so-called man's world that we live in, men are put on a pedestal while women are looked down upon, no matter how hard they prove themselves. However, there seems to be a light at the end of this patriarchal tunnel. As women empowerment has taken centre stage today, we wanted to do our part for the women folk across the world by shutting down these crazy myths that we were taught to believe about women and money. WOMEN ARE SPENDAHOLICS AND DON'T GIVE A DAMN ABOUT SAVING It's not just us, the normal folk, but even financial advisors assume that their women clients aren't saving money because they are busy spending it on clothes, shoes and lavish parties. People just assume that women are incapable of saving coz they are busy … [Read more...] about Women and money: Common myths revealed
SINGAPORE: Every time freelance writer Clare Lee, 27, uses a changing room when trying on clothes in fashion outlets big and small, she will take a few minutes to inspect every nook and cranny in her cubicle for hidden cameras before feeling safe enough to undress herself.For 27-year-old Fiona, who did not want to give her full name, she will always double-check that the curtains in her bedroom or hotel are fully drawn such that there is not even a teeny-weeny gap for anyone to peek through, and steer clear of unattended baskets in supermarkets.Freelance content creator Hilary See, 27, would refrain from standing near the edge of the escalator where people can look up her skirt, and try to use either a bag or a file to cover the back of her skirt while climbing the stairs.With spycams and phone cameras taking voyeurism to unsavoury new heights, these women are among a growing number of people who have taken extra precautions to protect themselves and their private spaces.As Fiona, … [Read more...] about The Big Read: Singapore’s voyeurism problem – what’s wrong with men, or the world?