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The Breakdown: Fall Of The Billionaire Gucci Master Ramon Abbas perfected a simple internet scam that helped him launder millions of dollars, riches he shamelessly flaunted on Instagram. Better known as @Hushpuppi, the young Nigerian became a fixture among the global elite as fashion houses showered him with gifts. But his fame would ultimately be his downfall
OpinionVirginia PostrelStakeholder Capitalism Isn’t Working as PlannedIt’s a prescription for culture wars, political backlash, managerial paralysis and human-resources nightmares. And it’s anything but nice. Just one of nearly 200,000 Disney employees.Photographer: Octavio Jones/Getty ImagesByVirginia Postrel+FollowJune 22, 2022, 3:00 PM UTCWouldn’t it be nice if companies cared less about profits and more about the social good? It’s popular to think so. Stakeholder capitalism is fashionable. Shareholder capitalism is not.Many high-profile business leaders and academics now condemn the idea Milton Friedman laid out in a famous 1970 New York Times Magazine essay: