It rained on Burning Man this week, delaying the start of the experimental, utopian festival in the Nevada desert attended by many technology entrepreneurs and venture capitalists. Burning Man’s usual meteorological challenge is dust storms, so it made a change for the desert to imitate Glastonbury by turning to mud.
Fabrizio Rongione and Marion Cotillard in 'Two Days, One Night'
Two Days, One Night, which stars Marion Cotillard as Sandra, a depressed employee in a small solar-panel factory, is a modest and gentle film. Written and directed by Jean-Pierre and Luc Dardenne, Belgian brothers who have won two Palmes d’Or at Cannes, the new release is a modern parable about the impact of management decisions on employees’ lives. Read more
If you are a business leader and you yearn to spearhead reforms to British bureaucracy, you have until the end of next week to apply to be the first chief executive of the UK civil service. So far, recruiting the requisite heavy-hitter is proving a struggle.
Most chief executives think of themselves as rational. Certainly, in the world of closely scrutinised listed companies, it would be unwise for corporate leaders to project any other image.
But, as Manfred Kets de Vries of Insead business school puts it in a new working paper, written with colleague Alicia Cheak, “our everyday lives consist of webs of constantly shifting and irrational forces that underlie seemingly ‘rational’ behaviours and choices – and life in organisations is no exception”. To lead successfully, he suggests, requires a “psychodynamic approach” that seeks to understand the hidden factors motivating teams. Read more
As this month’s centenary of the outbreak of the first world war drew nearer, historians jousted over what the world would have looked like if the bullet Gavrilo Princip aimed at Archduke Franz Ferdinand had missed, or if Britain had not leapt to Belgium’s defence.
The denial from Chugai Pharmaceutical could hardly have been more emphatic.
No, Japan’s number three drugmaker by market capitalisation had nothing to do with news reports that Roche, its 59.89 per cent shareholder, was weighing a buyout of minorities, it announced on Saturday. Then it went on: “Chugai is in no way in the process of reviewing any plan to become a wholly-owned subsidiary of Roche, nor discussing with Roche about such a transaction.” Read more
Max Schireson says no one ever asked him how he balanced work and parenthood
Last week, Max Schireson announced his decision to step down from his post as chief executive of MongoDB, an open source database developer. The reason? To spend more time with his family. It was no euphemism. He really meant it. Read more
Fred Goodwin, disgraced former chief executive of Royal Bank of Scotland, was notorious for what were nicknamed “morning beatings”, where he focused rage and ridicule on his lieutenants. According to Shredded , Ian Fraser’s new book, the senior team would play Hangman while waiting for the meetings to start, “to see who might be ‘strung up’ next”. Richard Fuld of Lehman Brothers was known for his short temper and intimidating style. The wrath of Robert Maxwell, the late media tycoon, was epic.
Bernie Ecclestone, the 83-year-old supremo of Formula One, this week brought his empire-threatening bribery trial to an end by agreeing to pay $100m to the German court that was hearing the case. That is right: he paid off the state of Bavaria to escape a bribery charge.