Alumni class notes.
Amazon does it. So do Jimmy John’s and many other companies. They require new employees to sign noncompete clauses, a practice now being pushed on low-income workers, limiting their freedom in the labor market.
Deutsche Bank is facing a possible $14-billion fine from U.S. regulators for its alleged role in propping up the housing market in the lead-up to the Great Recession, igniting some fears that the unprecedented sanction poses a new set of risks for the Frankfurt-based bank and the global financial system. "Brace yourselves. Sooner or later, history repeats itself, and the
It was the latest revelation in the Wells Fargo scandal: The surprise departure of CEO John Stumpf. Well, maybe not too much of a surprise. Stumpf had been in a downward spiral since revelations that bank employees, driven by bank incentives, had opened as many as 2 million accounts without their customers' knowledge. The scandal could have been handled better from the start, Smith School professor Susan Taylor