You know you have a corruption problem when Brazilian prosecutors catch you with nearly $24 million in bribe money stashed in a hidden Monaco account. Such stories have become common at Petrobras, a state-controlled oil company engulfed in an 18-month investigation that already has led to 80 arrests and put previously untouchable powerbrokers on alert. Even Brazilian President Dilma Rousseff remains vulnerable. But beneath the
After you buy a car, do you really own it? Automakers are appealing to the U.S. Copyright Office for intellectual property protection of software regulating emissions, steering and other aspects of vehicle performance. Such a broad interpretation of copyright law would require car owners and third-party mechanics to use manufacturer-approved diagnostic equipment to analyze and fix problems. Smith School professor William
A decision by the California Labor Commission has opened the debate on whether Uber drivers should be considered employees or independent contractors. Knowledge@Wharton on SiriusXM Business Radio (Channel 111) recently hosted a conversation between Smith School professor Brent Goldfarb and labor attorney Shannon Liss-Riordan. Following is an excerpt from the conversation, hosted
Looking for the perfect spot for a weekend getaway or maybe an exotic vacation destination? Check out these recommendations from members of our Smith School community.
U.S., European and Asian stock markets all fell in response to Greece rejecting austerity plans demanded by international creditors. But the market reaction was much more muted than analysts had expected. Those experts include Smith School executive-in-residence Bill Longbrake, who spoke to the Associated Press ahead of market openings on Monday. Longbrake said on Sunday night to “watch for how the Europeans handle