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‘Too damaged’: cult fitness brand Peloton urged to fire its CEO and seek sale
Scott Deveau, The Sydney Morning Herald, 25 January 2022Peloton has received a letter from an activist investor demanding that it fire its CEO and pursue a sale. Blackwells Capital, which has a stake of less than 5 per cent, has called for the departure of CEO and co-founder John Foley. The letter from Blackwells decried the CEO’s leadership, citing failed forecasting and inconsistent strategy, and...
crisis management
issues management
Woolworths, Coles, Aldi to roll out vaccine mandates for staff
Dominic Powell, The Sydney Morning Herald, 25 January 2022Australia’s three major supermarkets, Woolworths, Coles and Aldi are beginning to roll out vaccine mandates in a major push by some of the country’s largest retailers to protect shoppers and staff from COVID-19. More than 250,000 workers across the three companies will need to be vaccinated to work in the companies' stores, distribution centres...
socio political environment
Starbucks and McDonald’s are reducing store hours as workers call in sick
Michelle Cheng, Quartz, 22 January 2022The recent surge in COVID-19 cases is exacerbating labour challenges at big US chains such as Starbucks, Chipotle, and McDonald’s, all of which have struggled to hire and retain workers throughout the pandemic. Workers are calling out sick in large numbers across the country, with an estimated 8.8 million employees reported not working because...
socio political environment
How the Pandemic has really changed us
Public Affairs Council, 21 January 2022In March 2020, POLITICO asked more than 30 “smart, macro thinkers” to weigh in on COVID-19 and its long-term consequences. Their responses have allowed POLITICO to offer a 2022 guide to the various ways society will change, particularly in the areas of government, healthcare, the economy, and…
socio political environment
Why M&M’s rebrand should drive CEOs to ask their marketers five critical questions
Kimberly A. Whitler, Forbes, 21 January 2022Mars has announced it will rebrand M&M’s, centred on the brand’s commitment to inclusion and global belonging. As another brand taking steps to increase societal impact, Forbes ponders whether it is time to pause and reflect on the need for brands to make such a shift and then promote…
corporate responsibility
Is the media doomed?
POLITICO, 21 January 2022It’s almost conventional wisdom right now that the news media is in a fast-moving crisis. With mainstream news sources collapsing, Americans are increasingly divided not only in what they read, but even what facts they choose to believe. How much worse will it get? Is there a way out? The changes in the media industry make it nearly impossible...
media relations
How are newspapers changing?: A conversation with Carl Bernstein
The Economist Asks Podcast, The Economist, 20 January 2022In this episode of The Economist Asks, Carl Bernstein, Pulitzer winning journalist who broke the Watergate Scandal, discusses how there has been a decline in trust in the media and his journey from…
socio political environment
China vows ‘no mercy’ in battle against corruption, big tech
Bloomberg News, 20 January 2022China has vowed to curb the influence of tech companies and root out corruption tied to the “disorderly” expansion of capital, a sign that authorities may try to expand a regulatory crackdown that erased more than $1 trillion of market value in 2021. The Chinese government declared it would break the ties between money and power, tackle...
government relations
Australia stagnates in ranking of world’s most prosperous countries
Latika Bourke, The Sydney Morning Herald, 20 January 2022According to a global index measuring the material health of countries, including wealth, quality of life, and life satisfaction for 15 years, Australia’s ranking has slipped from first in 2008 to sixteenth in 2021. Australia’s experience is a reflection of the world's declining prosperity, which has been exacerbated, although not caused, by...
socio political environment
Indonesia names new capital, approving shift from Jakarta
Masrur Jamaluddin & Hannah Ryan, CNN, 19 January 2022Indonesia has named its new capital Nusantara, as lawmakers approve the shift from Jakarta to Kalimantan, a jungle-covered area on the east of Borneo island. Concerns over the sustainability of the congested and rapidly sinking political centre of Jakarta prompted the need for a new capital, and the nation's House of Representatives officially...
socio political environment