The Commodities Futures Trading Commission (CFTC) depends on Congress for funding; as a result, the regulator is chronically short of resources it needs to enforce regulations related to derivatives and other complex financial instruments. While the CFTC collects mountains of data, the agency can't afford the technology resources needed to analyze it. Nevertheless, the CFTC has taken some notable enforcement actions and is working with private analytics companies to spot illegal trading maneuvers and enhance enforcement.
Slaughterhouses and meatpacking plants are not the most enjoyable places to work, and while the pay typically exceeds minimum wage, employers have a hard time attracting and keeping employees. In order to keep operations running and meat prices at levels customers have come to expect, plants have increasingly turned to immigrant and/or refugee labor. With the recently announced travel and refugee ban, many workers that had hoped to build a life in America and bring their families to join them, now wonder if they can ever achieve the American Dream, and meat processing plants wonder if they will be able to find enough workers to fill the jobs.
Kevin Turner spent 11 years as Microsoft's chief operating officer, but he only lasted seven months as chief executive officer at Citadel Securities. Although Turner had a track record of success in both retail and technology companies, his experience at Citadel illustrates that there is not a one-size-fits-all leadership style that guarantees success in any context.
Seemingly motivated by Donald Trump’s public vows to punish companies that send jobs overseas, IBM’s CEO has pledged to hire 25,000 U.S. workers in coming years. IBM’s actions, including multiple rounds of U.S. firings in 2016, raise questions about just how genuine the company’s pledge is. Despite becoming more savvy in the way it conducts its U.S. workforce reductions, IBM continues to fire U.S. employees and replace many with overseas workers.
Snap’s culture of secrecy may be consistent with the ethos of its original Snapchat app and its CEO’s leadership style, but it may not be helping the company's IPO plans. Snap’s upcoming IPO is testing this culture. If Snap remains unwilling to provide information about its vision and strategy, it runs the risk that investors may shy away from the IPO.