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EXPLOREMY LIBRARY
Fortune

Fortune April/May 2021

FORTUNE covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. FORTUNE is particularly well known for its exceptionally reliable annual rankings of companies. FORTUNE furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success. Fortune currently publishes 3 double issues. Each count as two of 12 issues in an annual subscription.

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Country:
United States
Language:
English
Publisher:
Meredith Corporation
Frequency:
Monthly
$14.63(Incl. tax)
$43.93(Incl. tax)
12 Issues

in this issue

1 min
moment of truth: why accountability matters more than ever

RETAIL McDonald’s McFamily Feud The fast-food giant has spent a decade shaking up its culture to kick-start its financial performance. But employee cohesion got left behind at the drive-thru. MEDIA Dominion Vs. Fox Facts Vs. ‘Facts’ A spate of lawsuits stemming from the 2020 election pose the question: Can anyone be held financially responsible for spreading political misinformation? REGULATION Settlements a Visual History In 1980, a Fortune researcher asked, “How Lawless Are Big Companies?” Our data graphic tackles that question—and the numbers aren’t pretty. HEALTH CARE Big Pharma Vs. Big Hospitals Together, these industries earned $1.6 trillion in revenue in 2019. As more critics question their pricing, they’re pivoting to defend themselves—from each other.…

1 min
painting a picture of corporate misdeeds

FOUR DECADES AGO, as a young researcher at Fortune, Philip Mattera was asked to help report the cover story for the Dec. 1, 1980, issue, titled “How Lawless Are Big Companies?” While plowing his way through records from various government regulators to compile a dossier on actions taken by agencies against the Fortune 500, Mattera had an idea: What if he could build a central source for the information? Mattera, now 67, began realizing that dream in 2015 when he created an online database as research director for Good Jobs First, a nonprofit, nonpartisan watchdog. Today Mattera’s open-access, searchable “Violation Tracker” provides a wide-ranging record of financial penalties, such as fines and settlements, incurred by companies and nonprofits operating in the U.S. from 2000 to the present. The data is taken…

29 min
dominion voting: big lies vs. big lawsuits

ON DEC. 9, NICOLE NOLLETTE, an executive at Dominion Voting Systems, was driving home from a doctor’s appointment when she noticed she’d missed a call from one of her customers. The client, an elections official whose jurisdiction uses Dominion’s voting machines, had also sent her a link to a website. Nollette pulled up the site on her phone and saw her own photo—overlaid with bright red crosshairs, as though she were in the sights of a sniper’s rifle. The website, which bore the moniker “Enemies of the People,” also included an address in Nevada, showing aerial views of that property beneath Nollette’s picture. That alarmed Nollette even more, because she doesn’t live in Nevada but in Colorado, where Dominion is based. The address was for the home of her retired parents.…

6 min
want progress on diversity? link it to pay

Last June, as the nation convulsed with protests against racial inequality and the police killings of George Floyd, Breonna Taylor, and too many others, Nike was in the same predicament as much of corporate America—pledging to help rectify society’s mistreatment and exclusion of Black people, while simultaneously being called out for its own failings on that front. Even as the sports-gear maker promised to prioritize racial inclusion, some of its own workers took to social media to decry racism at the company, citing microaggressions, lesser advancement opportunities for Black employees, and instances of Black shoppers being profiled at Nike stores. Nike encouraged workers to keep speaking out, and CEO John Donahoe admitted in a staff memo that “our most important priority is to get our own house in order.” Nine months later,…

8 min
the true cost of a ‘free’ stock trade

DOUG ATKIN and Bernie Madoff were engaged in a screaming match as two senior officials looked on in wonder at the Washington, D.C., office of the SEC. On this day in 1991, Ponzi schemer Madoff was there to defend a new practice he had pioneered. It was called “payment for order flow,” known on Wall Street as PFOF. Atkin, CEO of trailblazing electronic trading platform Instinet, believed that PFOF worked in direct conflict with his mission of getting the best possible prices for folks buying stocks. “Payment for order flow isn’t right! It should be outlawed!” Atkin yelled. Madoff shot back that PFOF added lots of liquidity to the markets. “I should be able to do whatever I want to get business!” Madoff barked. Three decades later PFOF is having another turn…

8 min
margrethe vestager

THIS EDITED Q&A HAS BEEN CONDENSED FOR SPACE AND CLARITY. “Dependency is not necessarily a weakness. The strength of the EU is that member states depend on one another.” EUROPE VS. SILICON VALLEY In the past there has been a perception that you and the European Commission have been too strict in holding American companies in particular to account around issues of antitrust and privacy. Do you think the world’s attitude about the responsibility of tech giants is coming round to your way of thinking? VESTAGER: I think very much so. It’s a nuanced and complex debate that has taken hold over the last two to three years with academic reports, research, policy reports, think tanks, political parties. That is a reflection of the fact that the digital marketplace is unregulated compared to all…