business

Firms that burn up $1bn a year are sexy but statistically doomed

YVES SAINT LAURENT, Lady Gaga, David Bowie. Some people do not operate by the same rules as everyone else. Might the same be true of companies? Most bosses complain of being slaves to short-term profit targets. Yet a few flout the orthodoxy in flamboyant fashion. Consider Tesla, a maker of …

business

An epic but inconsequential proxy vote at Procter & Gamble

SHAREHOLDER meetings in Ohio are not usually the stuff of high drama, but a recent gathering was a nail-biter. Nelson Peltz of Trian Fund Management, an activist hedge fund, sought a seat on the board of Procter & Gamble (P&G), the world’s largest consumer-goods company, in a proxy vote on …

business

Crafty app developers are ripping off big-name brands

THE new app for an upmarket British department store certainly looks the part. Released on Google Play, a shop for Android software, on September 5th, it has the right logo, the correct vibrant colour and offers fashionable clothes and accessories. But the app is not authorised by the brand, is …

business

Kobe Steel admits falsifying data on 20,000 tonnes of metal

THE port city of Kobe, on the southern side of Japan’s main island, is known for luxury beef from pampered cattle, fine sake and precision engineering. Its reputation for the last of those products took a blow on October 8th when one of its oldest industrial firms, Kobe Steel, admitted …

business

American factories could prosper if they find enough skilled workers

Another way to see the factory floor “WE ARE always short ten to 20 people,” says Jack Marshall, the manager of PPG’s plant in Oak Creek, Wisconsin. The company makes coatings, paint and speciality materials for customers such as Harley Davidson, a motorcycle manufacturer based in the state, with a …