Palm’s Rubinstein Learning He’s No Steve Jobs

On September 10, 2009

Sepracor Sued Over Dainippon’s Low Offer Despite Absence of Competing Suitors

Some Sepracor shareholders have sued the company's board alleging that their acceptance of Dainippon Sumitomo's acquisition offer of $23 a share, a premium of just 27.6 percent, isn't such a great deal. BNET suggested this might happen on Sept. 3. Other attorneys are trawling for clients for their own securities class actions. Per Bloomberg, the suits allege: Sepracor directors “did not undertake to canvas the market prior to entering into the proposed merger and thus failed to inform themselves of the inherent fair value of the company,” lawyers for the Stationary Engineers Local 39 Pension Trust Fund said in its complaint. That's a tough case to make, as pretty much every major U.S. pharma company has looked at Sepracor and...
On September 10, 2009

Awesomely Simple Interview with John Spence (800-CEO-READ Podcast)

I recently talked with John Spence, the author of Awesomely Simple: Essential Business Strategies For Turning Ideas Into Action. John believes if you concentrate on a small set of simple things and get those right that you’ll have more time for the complicated tasks. His six simple principles for success are: Vivid Vision Best People Robust Communication [...]
On September 10, 2009

Chipotle Agrees to Raise Tomato Wages (Finally)

After months of protests and scorn from workers' rights activists, Chipotle Mexican Grill has reached an agreement with East Coast Farms to pay an extra penny per pound for Florida tomatoes -- creating a 64 percent wage increase for farm workers. Chipotle is known for its ethical and sustainable business practices; I've written before about its laudable approach to both local and organic sourcing. But activists have accused the chain of "Chipocrisy" for its failure to address the atrocious conditions of Florida farm workers despite the company's motto of "Food with Integrity." The situation for some of these workers was so bad they had to be rescued by police. Their meager wages were eaten away by company charges for basics...
On September 10, 2009

Riches Among the Ruins

Every once in awhile I read a business book that I find a really fascinating read but don’t write a Jack Covert Selects on the book. I want to tell you about such a book. Riches Among the Ruins by Robert Smith is the tale of a guy who was early into emerging markets. What made [...]
On September 10, 2009

MBAs Pledge to Produce Corporate Citizens

Management education took a particular bashing last year, from Philip Delves Broughton's much-publicised book on Harvard's MBA output last year to Henry Mintzberg's more expected attack on traditional courses. So Matthew Stewart's criticism isn't exactly out of the blue. But are b-schools listening? Jeanette Purcell, the head of the Association of MBAs (AMBA), the international accreditation body, thinks so.  She foresees three big priority shifts among the MBA and management education providers: Interpersonal skills -- collaboration, team-building and communication will be the hallmarks of future leaders, as mavericks are replaced by a more 'servant-leader' style of executive. Managing change -- whether it's as a result of the recession, or simply a response to the ever faster pace of change and...


On September 10, 2009

There’s Gold in China’s Green Tech Potential

China potentially could be a $500-billion-to-$1-trillion-a-year market for environmentally sustainable "green technologies," a group of businesses and experts said in a report Thursday that urges governments to ease the way for such initiatives. The report by the China Greentech Initiative pinpointed opportunities from 300 potential green technology options for China.


On September 10, 2009

Predicting the Next Bubble

"We will have more crises and none of them will look like this because no two crises have anything in common, except human nature," Alan Greenspan argued in a recent interview with the BBC. Assuming Greenspan is right and crises are inevitable, where will the next bubble arise?


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