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...This month’s offerings include more tech stocks than earlier in the year, when the market was dominated by the $4.3bn spin-off of Kenvue, the consumer brands arm of Johnson & Johnson, which chose NYSE....
...Pendleton, together with fellow artists Ellen Gallagher, Rashid Johnson and Julie Mehretu, bought the house where Simone was born in the town of Tryon, North Carolina, for $95,000 in 2017....
...The Big Myth: How American Business Taught Us to Loathe Government and Love the Free Market by Naomi Oreskes and Erik M Conway, Bloomsbury £28.27/$35, 576 pages Andrew Edgecliffe-Johnson is the FT’s US...
...The world was flat, as Thomas Friedman memorably put it. Instead, our world became spiky, with economic opportunity concentrating in a few centres of global commerce and innovation....
...Once upon a time the world was flat, as Thomas Friedman put it, and CEOs didn’t need to check their phones at dinner....
...“As of now, Earth is our only shareholder,” tweeted board member Ayana Elizabeth Johnson....
...“Milton Friedman said that chocolate companies should make chocolate and make money for their shareholders . . . Companies should stick to their core remit.”...
...On Thursday, Friedman announced that RH was cutting its financial forecasts because of “multiple macro headwinds”....
...For Ghoshal, one of the most influential but negative ideas originating in academia was the focus on maximising shareholder value preached by the economist (not from a business school) Milton Friedman....
...Hellman & Friedman partner Philip Sternheimer has left the firm after 16 years, according to his LinkedIn profile....
...Boris Johnson was a poet with a classics degree. He campaigned in poetry, and tried to govern in poetry as well....
...Jig is up for ‘Texas two-step’ A landmark court decision could jeopardise Johnson & Johnson’s bankruptcy scheme to manage billions of dollars of legal claims from cancer sufferers, the FT reports....
...You have columnists and commentators who support it, invoking Hayek and Friedman, but Hayek famously wrote an essay ‘Why I Am Not a Conservative’....
...away from the Milton Friedman view of the world that a company had no social responsibility other than just to make a profit within the rules of the game to something that’s usually called stakeholder capitalism...
...Furthermore, the Tories won their majority under Boris Johnson on getting Brexit done, strengthening the NHS and “levelling up” poorer areas....
...Friedman had a similar taste for pantomime....
...The investment pile-in comes as corporate giants such as Unilever, General Electric, IBM, Siemens and Johnson & Johnson break themselves apart to streamline their operations....
...Rich Handler and Brian Friedman, Jefferies’ top two executives, also encouraged staff to avoid indoor business functions and any business travel that was not critical....
...MM: Milton Friedman defined the social responsibility of business as being to make a profit, within the rules of the game. How do you define it?...
...andrew.edgecliffe-johnson@ft.com...
...But Tubbs says the US is merely “picking up where the Great Society (Lyndon Johnson’s war on poverty) left off”....
...Is it better, worse or different from the Boris Johnson and previous Tory administration?...
...Prior to Mickelson’s self-immolation, there was increasing chatter that the likes of stars Dustin Johnson, Bryson DeChambeau and several others were ready to defect for what was rumoured to be guaranteed...
...Similarly, Fidelity was “pleased with what we’ve seen so far” in terms of its active equity ETFs being generally more tax efficient than mutual funds, wrote Greg Friedman, head of ETF management and strategy...
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