What the Wells Fargo Crackdown Signals to Corporate America
The Federal Reserve’s recently imposed penalties on Wells Fargo diverge from President Trump’s stated position on de-regulation. However, Peter Henning of the New York Times sees the “crackdown” as a one-off penalty and not a sign of broader industry regulation to come.
Unilever Threatens to Reduce Ad Spending on Tech Platforms That Don’t Combat Divisive Content
Unilever, long viewed as a leader in corporate social responsibility, recently announced that the company will no longer advertise on platforms that are not “committed to creating a positive impact in society.” The company is currently committed to working privately with tech companies to explore solutions.
A #MeToo Tale of Two Corporate Boards
Last week, the CEOs of two publicly traded companies were forced out as a result of sexual harassment and/or assault allegations. Laurent Potdevin’s resignation as Lululemon’s CEO came swiftly, while Steve Wynn held onto the top post at Wynn Resorts for over two weeks after allegations surfaced. The difference in the two situations, according to Joe Nocera at Bloomberg? The make-up of the companies’ boards of directors.