Roughly four years after the collapse of the private equity firm, Abraaj Group, Dubai’s financial regulator has provisionally fined its founder, Arif Naqvi, $135.6m for misleading investors about the use of their funds. Abraaj was once seen as a trailblazer for the industry, providing a path for foreign investors into global emerging markets operating across […]

During a time of heightened demand for business, the “pandemic generation” of new lawyers has an unprecedented amount of leverage in the world of big law. This month, Davis Polk joined the handful of top firms—including Millbank, Cravath, Goodwin Procter, and McDermott Will & Emery—offering yet another round of pay increases for incoming associates. Though […]

Owning 22% of an S&P 500 company is a nice position to be in. Your goal regarding this investment is to maximize “your” company’s profit (maybe while trying to be a good “corporate citizen”) is clear cut. You advocate for and support market and non-market strategies that lead to those ends. It gets more complicated […]

On February 7th, Spirit and Frontier Airlines announced a $6.6 billion merger agreement between the two companies to create “America’s most competitive ultra-low fare airline.” With this merger agreement, the combined company would provide more than 1,000 daily flights to over 145 destinations. The two airlines have similar business models, offering low fares combined with […]

Nickel has long been a critical resource for modern life and, because of its importance for many technologies that are central to the energy transition, demand is only rising. The recent and increasing use of nickel in electric vehicles (EVs), expected to reach 30% of total nickel consumption, tracks increases in production and sales of […]

In late January, Neil Young came across an open letter published earlier in the month from a group of scientists and healthcare professionals urging Spotify to address what they deemed false information about Covid-19 vaccines on Joe Rogan’s podcast. Soon after, Young wrote a letter titled “They Can Have Rogan or Young. Not Both” to […]

The interactive fitness company Peloton has been recently caught in the midst of turmoil amid investors’ accusations of gross mismanagement. The claims being made focus on poor decision-making by top executives, along with the lack of a clear long-term strategy for the company’s growth and abysmal returns for Peloton’s shareholders. Peloton, on its side, tried […]

The issue of corporate social responsibility represents a long-lasting debate in academia and the corporate world, with solid arguments on both sides. One side claims businesses should operate for the sole purpose of increasing their profits. The other side advocates that corporations have to embrace goals of public benefit. For now, decisions about corporate purpose […]

Corporate culture and insurance regulation are traditionally not considered in tandem. However, after the Global Financial Crisis (GFC), it has been concluded that the responsibility and ethical standards have been eroded in the context of a “[t]one from the top … [and that] [n]o one said ‘no’.” In Europe, this led to a significant regulatory […]

Employers around the country—from Domino’s Pizza to FedEx Corp.—have reported that hiring challenges caused by the ongoing pandemic have suppressed growth and, in many cases, led to significant decreases in their bottom lines. A significant cause of this has been absence due to illness. Almost 9 million people—approximately 6% of workers on payroll in the […]