All posts filed under: Business News

Women Who Lead : Ericka Pittman

Being Vice President of the Chairman’s Office at Combs Enterprises isn’t an easy feat, but Ericka Pittman handles it with grace. She also comes with some great business lessons that any woman can take in. The Baruch College graduate holds a B.A in Corporate Communications and a successful career in helping music mogul Sean Combs build his empire.  Still, the business beauty has shaped out her own individual brand that includes television, a book and running multiple business divisions for Comb Enterprises. How did she make it to the top in such a male dominated industry?  Her profound integrity, demand in respect and understanding of conducting her personal and business life has helped her climb the ladder. ( Not to mention, break some major glass ceilings.) But here are a few tips from Pittman for any woman on the path to success. Work Life Balance – It’s a constant juggle! Pittman acknowledges that her career is incredibly busy and with a schedule to match it’s important for her to include a good balance with life and work. …

The Toshiba Accounting Scandal : Lack of Internal Controls & Profits Presented Red Flags

Toshiba Corporation is in hot trouble! The news has been buzzing with the recent discovery of Toshiba’s recent accounting scandal that has left investors in awe. Toshiba Corporation, a multinational Japanese corporation, has changed the tech industry by providing leading PC’s internationally. But things have seemed to take a major change for the worst. The organization has been performing in the red according to market analyst and the decline in PC sales, has caused the company to meet lack luster results with projections of 22m units sold last year. With the turn of recent events, the organization has been founded to have overstated their profits by 1.3 billion over 5 consecutive years. Ouch!! To say the least, investors and the stock market are not taking this lightly and in turn has furthered an open investigation of the accounting discrepancies within the organization. With several top executives exiting to the left, its not looking pretty. According to USA Today, “The scandal surfaced less than two months after Japan adopted its first corporate governance code. Japan companies have …

CEO Marc Benioff : The Salesforce Culture Lacks Women Leadership

Women’s inequality in leadership roles have been an ongoing issue in many corporate cultures, but it seems that there is a new wave of top executives who would like to change that. Saleforce CEO and founder Marc Benioff, started his cloud computing organization in 1999, after leaving Oracle as a top executive. He set out to change the face of integrated technology and he did just that. The risk paid off tremendously for Benioff, with Salesforce generating $4 billion in revenues last year alone. The company is known for their cloud computing, which relies strongly on the sharing of resources to achieve coherence and economies of leverage, over a large massive network. It’s a broader spectrum of a converged infrastructure and shared services. Still, as advance as the tech company has differentiated itself, there is still major progress to be made when it comes to gender diversity in the Saleforce work culture. Benioff speaks with CNN Money, about his regrets of not integrating more female leadership in his startup stating, “I wish I could rewind …

Inequality for All Documentary: Wealth Disparity and How It Affects Our Nation

Economic disparity, is one of the most interesting topics that can be touched on when it comes to our economy. If you’ve been in tuned with the news lately, rising inflation and minimum wage protest have been in the front of news headlines, and have caused alarming concerns for economist. In the very informative documentary, ” Inequality for All”, former Labor Secretary Robert Reich talks about the pivoting exploits behind stagnant american wages, lack of wealth building in families, and the importance of the middle class to the American economy. Reich goes on to say in the film, ” In 1978, the average male U.S worker earned $48,000, adjusted for inflation, while the average member of the 1 percent earned $390,000, or eight times as much. By 2010 that middle class guy’s wages had declined to $33,000, while the 1 Percenter was making $1.1 million, or 33 times more.” It’s adamant that our economy has been through major crisis events, that have left middle class Americans at tragic ends. Reich goes on in the film, and …

Elon Musk & His Rebuttal on Government Subsidies: Are Subsidies Harmful ?

Elon Musk is Silicon Valley’s technology sweetheart and well Tesla anyone?  With a boasting net worth of 11.9 billion, the CEO of Tesla Motors and Space X has came under fire recently for reportedly cashing in on government subsidies. (Government subsidies range from corporate tax breaks, grants, discounted loans and rebates.) Understanding how this affects Tesla Motors and Space X as a whole, really makes Musk position interesting. Government Subsidies are indeed an incentive and nothing to be ashamed of. Our country was built on these resources to help fund and develop businesses that could positively impact our economy and environment. Musk insist that the assistance that he receives from government funding is only an incentive, but that the lively hood of his corporations do not depend solely on subsidies. According to, Investopedia, “Subsidies” are defined as, ” A benefit given by government to groups or individual usually in the form of cash payment or tax reduction. The subsidy is usually given to remove some type of burden and is often considered to be in …