March 9, 2017

SwedishSoftwareCompany-wo-CEOThree years ago, the staff of the Swedish software consulting firm Crisp felt it was time for a change in leadership. The company had been recently experimenting with its upper management structure, going from a standard CEO model to one that replaced the top executive annually through a staff vote. Then, a radical idea took root in the minds of Crisp’s employees. “We said, ‘what if we had nobody as our next CEO – what would that look like?’” said Continue reading

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March 7, 2017

LisaNottinghamIn recent years, many companies have sought to create work environments that place a heavy emphasis on collaboration. With flattened hierarchies and open door policies, these workplaces give employees easy access to managers and other top performers. The system is meant to improve office efficiency by allowing staffers to receive unique advice that makes their jobs easier.

But while regular employees can have their workloads lightened, managers quickly become overwhelmed by overly collaborative workplaces. After all, executives who spend much Continue reading

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February 16, 2017

KurtisGarbuttWhen Whole Foods launched in 1978, organic grocery stores were a unique concept for most of the country. As Americans became more health conscious, though, the Austin-based chain eventually expanded into an empire of 469 stores across three countries. In fact, the future for Whole Foods looked so bright that last year the company announced it would add 1,200 stores in the U.S.

But as 2017 arrived, the company’s long term outlook became far less optimistic. Now Whole Foods says Continue reading

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January 17, 2017

TorbakhopperRunning a small business takes a huge amount of work, so it’s not surprising that some entrepreneurs are more than happy to sell their companies if the right offer comes around. And according to data-tracking site BizBuySell, nearly 8,000 businesses did exactly that in 2016. This represents the largest number of small firms sold in a single year since data started getting collected in 2007.

But that doesn’t mean these companies were in financial trouble and needed outside buyers to Continue reading

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December 15, 2016

KenTeegardinIn 2010 the median salary for the 200 highest-earning executives in the U.S. topped out at nearly $10 million. Just five years later, though, that number doubled to almost $20 million. Meanwhile, researchers at the Economic Policy Institute found that CEOs in 2013 earned more than 300 times the salary of average workers. For comparison, in 1965 chief executives brought in just 20 times more pay than their average employees.

To combat this increasing inequality, last week government administrators in Continue reading

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December 1, 2016

MinisterieVanIn order to start a successful company, entrepreneurs must be willing to take charge and lead with authority. After all, founding a business requires hard work and a clear vision, and entrepreneurs need plenty of both if they want to succeed. But what happens once a startup grows into a mature company? By that stage, the founder is far from the only focal point: managers, outside investors and other stakeholders will also want to have their say about the company’s Continue reading

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November 8, 2016

JustgrimesNo matter which candidate you support, it’s safe to say that the 2016 presidential election has been absorbing to watch. According to many executives, however, that’s been a bad thing for business. In a recent study conducted by Bloomberg, more than 500 corporations blamed their poor performances on the presidential race or some form of “political uncertainty.”

In fact, even the NFL claims that obsession with the election has led to a drop in viewership. Ratings for Monday Night Continue reading

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October 18, 2016

LindsayHolmwoodThe grisly nature of the meat industry practically ensures that the business will never be pretty. Still, conditions in a slaughterhouse can always get worse if management marginalizes their workforce. According to the global development agency Oxfam America, that’s precisely what’s happening at a number of U.S. poultry plants. In facilities owned by big names like Tyson, Perdue and Pilgrim’s Pride, workers complained that superiors regularly denied them bathroom breaks. Some even reported wearing diapers while working on the line. Continue reading

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October 10, 2016

BobBAs of this writing, Hurricane Matthew is currently roaring up the Carolina coast. (Hopefully anyone from the area reading this post is doing so in a safe, relatively dry place.) Federal and state officials flooded social media and television urging residents to evacuate the area before the cyclone hit land. Nevertheless, some people ignored their warnings and stayed put. In most cases, the diner chain Waffle House would be among these stubborn stragglers. The company has an official policy in Continue reading

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September 29, 2016

BobnjayFor the past few weeks the business world has been buzzing with outrage over the Wells Fargo banking scandal. Executives at the company likely hoped the worst was over after getting hit with a $185 million fine for allowing such widespread fraud to occur. But as Senator Elizabeth Warren showed last week, regulators and commentators are far from finished with the company. During a hearing with Wells Fargo CEO John Stumpf in front of the Senate Banking Committee, Senator Continue reading

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