Earlier this week, GM announced a $5 billion stock buy-back as part of a deal with the so-called activist investor Harry J. Wilson. Harvard Business Review takes a critical look at the agreement and what it means for the future of the company.
Borrowing an approach to punishing a very different sort of crime, Utah has approved a registry for White Collar Felons:
While some Utah lawmakers fear that the registry is overkill, the idea does tap into a vein of populist outrage over financial misdeeds. As much as sex offender registries spread state by state, so too could a white-collar crime registry find favor across the nation, say its supporters.
Look out Pennsylvania! Read more over at NYT.
And finally, looks like Snapchat was right after all to refuse Facebook’s offer of $3 billion. Fortune.com reported this morning that Jack Ma and Alibaba are betting strong on the longevity of the ephemeral messaging app. The Chinese company’s $200 million investment values Snapchat at around $15 billion. Whoa. Read about it about it here.
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Top photo credit: 092907 718 via photopin (license)
