Maintaining Business Relations
In almost every profession – whether it’s law or journalism, finance or medicine or academics or running a small business – people rely on confidential communications to do their work. We rely on the space of trust given confidentiality. When someone breaks that trust, we are all worse off.
Business Ideas Article
What it takes to be a leader during the coronavirus crisis
Running a big company is never easy.
Spend too much on R&D and investors scream for not buying back stock. Do a massive share repo and people say you should be investing in the business. (Sometimes the same people complain about both.)
But that’s all piddly stuff now.
Today, CEOs are making decisions about whether people can put food on the table. About whether people get horribly sick. Or even die.
This is a time for leaders to be measured and defined. Did you step up? Or did you step down? Here’s some of the calculus:
Start with employees. CEOs need to keep them safe. But some of them have to go to work. They probably should be paid more. Others can work from home, and you need to try not to lay them off. Maybe cut their pay, but keep ‘em on the payroll.
And then you want to
Coronavirus job losses ‘way worse than anything we saw in the Great Depression:’ Economist
The U.S. economy actually lost jobs in March, after a decade of gains, and the employment situation will likely only get bleaker as the nation remains closed for business to stem the spread of the deadly new coronavirus.“I mean, it is just so heartbreaking, this...
Gig workers could increase unemployment claims by another 10%: economist
The week ending March 28 saw unemployment claims shatter expectations with 6.6 million workers filing for benefits amid the coronavirus crisis.Under the recently signed CARES Act, gig workers, or independent contractors, are eligible for unemployment benefits for the...