Topic: Business (Page 9)

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πŸ”— Someone took the Big Idea that I was passionate about. Now what?

πŸ”— Companies πŸ”— Private Equity πŸ”— Business πŸ”— Songs πŸ”— Websites πŸ”— Websites/Computing

Amie Street was an indie online music store and social network service created in 2006 by Brown University seniors Elliott Breece, Elias Roman, and Joshua Boltuch, in Providence, Rhode Island. The site was notable for its demand-based pricing. The company was later moved to Long Island City in Queens, New York. In late 2010, the site was sold to Amazon who redirected customers to their own website.

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πŸ”— Largest Corporate Earnings and Losses of All Time

πŸ”— Companies πŸ”— Finance & Investment πŸ”— Lists πŸ”— Business πŸ”— Business/Accounting

This page lists the largest annual and quarterly earnings and losses in corporate history. In general terms the oil and gas industry is the one generating both largest annual and quarterly earnings. In contrast, both the annual and quarterly losses are more distributed across industries.

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πŸ”— Late Capitalism

πŸ”— Economics πŸ”— Business πŸ”— Politics πŸ”— Socialism πŸ”— Sociology πŸ”— Capitalism πŸ”— Conservatism πŸ”— Politics/Liberalism

Late capitalism, late-stage capitalism, or end-stage capitalism is a term first used in print by German economist Werner Sombart around the turn of the 20th century. In the late 2010s, the term began to be used in the United States and Canada to refer to perceived absurdities, contradictions, crises, injustices, inequality, and exploitation created by modern business development.

Later capitalism refers to the historical epoch since 1940, including the post–World War II economic expansion called the "golden age of capitalism". The expression already existed for a long time in continental Europe, before it gained popularity in the English-speaking world through the English translation of Ernest Mandel's book Late Capitalism, published in 1975.

The German original edition of Mandel's work was subtitled in "an attempt at an explanation", meaning that Mandel tried to provide an orthodox Marxist explanation of the post-war epoch in terms of Marx's theory of the capitalist mode of production. Mandel suggested that important qualitative changes occurred within the capitalist system during and after World War II and that there are limits to capitalist development.

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πŸ”— eBay Stalking Scandal

πŸ”— United States πŸ”— California πŸ”— Companies πŸ”— California/San Francisco Bay Area πŸ”— Internet πŸ”— Internet culture πŸ”— Business πŸ”— Crime and Criminal Biography πŸ”— Project-independent assessment

The eBay stalking scandal was a campaign conducted in 2019 by eBay and contractors. The scandal involved the aggressive stalking and harassment of two e-commerce bloggers, Ina and David Steiner, who wrote frequent commentary about eBay on their website EcommerceBytes. Seven eBay employees pleaded guilty to charges involving criminal conspiracies. The seven employees included two senior members of eBay’s corporate security team. Two members of eBay's Executive Leadership Team who were implicated in the scandal were not charged.

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πŸ”— Overchoice

πŸ”— Business πŸ”— Psychology πŸ”— Marketing & Advertising πŸ”— Sociology πŸ”— Media πŸ”— Retailing πŸ”— Home Living

Overchoice or choice overload is the paradoxical phenomenon that choosing between a large variety of options can be detrimental to decision making processes. The term was first introduced by Alvin Toffler in his 1970 book, Future Shock.

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πŸ”— Principal–Agent Problem

πŸ”— Economics πŸ”— Business

The principal–agent problem, in political science, supply chain management and economics (also known as agency dilemma or the agency problem) occurs when one person or entity (the "agent"), is able to make decisions and/or take actions on behalf of, or that impact, another person or entity: the "principal". This dilemma exists in circumstances where agents are motivated to act in their own best interests, which are contrary to those of their principals, and is an example of moral hazard. Issues also arise when companies have an incentive to become increasingly deferential to management that have ownership stakes. As shareholders are dis-incentived to intervene, there are fewer checks on management. Issues can also arise among different types of management.

Common examples of this relationship include corporate management (agent) and shareholders (principal), elected officials (agent) and citizens (principal), or brokers (agent) and markets (buyers and sellers, principals). Consider a legal client (the principal) wondering whether their lawyer (the agent) is recommending protracted legal proceedings because it is truly necessary for the client's well-being, or because it will generate income for the lawyer. In fact the problem can arise in almost any context where one party is being paid by another to do something where the agent has a small or nonexistent share in the outcome, whether in formal employment or a negotiated deal such as paying for household jobs or car repairs.

The principal–agent problem typically arises where the two parties have different interests and asymmetric information (the agent having more information), such that the principal cannot directly ensure that the agent is always acting in their (the principal's) best interest, particularly when activities that are useful to the principal are costly to the agent, and where elements of what the agent does are costly for the principal to observe (see moral hazard and conflict of interest). Often, the principal may be sufficiently concerned at the possibility of being exploited by the agent that they choose not to enter into the transaction at all, when it would have been mutually beneficial: a suboptimal outcome that can lower welfare overall. The deviation from the principal's interest by the agent is called "agency costs".

The agency problem can be intensified when an agent acts on behalf of multiple principals (see multiple principal problem). When one agent acts on behalf of multiple principals, the multiple principals have to agree on the agent's objectives, but face a collective action problem in governance, as individual principals may lobby the agent or otherwise act in their individual interests rather than in the collective interest of all principals. As a result, there may be free-riding in steering and monitoring, duplicate steering and monitoring, or conflict between principals, all leading to high autonomy for the agent. The multiple principal problem is particularly serious in the public sector, where multiple principals are common and both efficiency and democratic accountability are undermined in the absence of salient governance. This problem may occur, for example, in the governance of the executive power, ministries, agencies, intermunicipal cooperation, public-private partnerships, and firms with multiple shareholders.

The relationships between investment managers and corporate management is an especially common example of the principal–agent relationship. There are several drivers of agency problems that affect investment managers of index funds and mutual funds include. First, investment managers receive a fraction of the benefits resulting from stewardship activities while having to handle all the costs. competition among investment managers is can also contribute to agency problems.And, lastly, another driver of agency problems is that investment managers can be heavily influenced by private incentives provided by the managers of corporations.

Various mechanisms may be used to align the interests of the agent with those of the principal. In employment, employers (principal) may use piece rates/commissions, profit sharing, efficiency wages, performance measurement (including financial statements), the agent posting a bond, or the threat of termination of employment to align worker interests with their own.

πŸ”— List of Largest US Bank Failures

πŸ”— United States πŸ”— Finance & Investment πŸ”— Lists πŸ”— Business

This is a list of the largest United States bank failures with respect to total assets under management at the time of the bank failure (banks with $1.0 billion or more in assets are listed here). Assets of the banks listed here are figures provided by the Federal Deposit Insurance Corporation.

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πŸ”— Shadow IT

πŸ”— Technology πŸ”— Computing πŸ”— Computing/Computer hardware πŸ”— Business πŸ”— Computing/Software

In big organizations, shadow IT refers to information technology (IT) systems deployed by departments other than the central IT department, to work around the shortcomings of the central information systems.

Shadow IT systems are an important source of innovation, and shadow systems may become prototypes for future central IT solutions.

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πŸ”— The β€œTopgrading” Interview Process

πŸ”— Business

Topgrading is a corporate hiring and interviewing methodology that is intended to identify preferred candidates for a particular position. In the methodology, prospective employees undergo a 12-step process that includes extensive interviews, the creation of detailed job scorecards, research into job history, coaching, and more. After being interviewed and reference-checked, job candidates are grouped into one of three categories: A Players, B Players, or C Players. A Players have the most potential for high performance in their role while B and C Players may require more work to be successful. The methodology has been used by major corporations and organizations like General Electric, Lincoln Financial, Honeywell, Barclays, and the American Heart Association.