Did Groupon's chairman get greedy?
Groupon Chairman Eric Lefkofsky is an "ultimate capitalist" compared by one ex-Grouponer to Gordon Gecko, while other sources say his hard-driving approach and insatiable appetite led the daily-deals company to overextend itself on the global stage. "Eric is a brilliant guy," says one former Groupon executive. "But his greed overwhelms his intelligence. It drives him to make short-term decisions, always in the pursuit of bigger, more, now." The Verge (3/13)
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How Boeing 787 pilots are keeping the dream alive
Boeing's 787 Dreamliners remain grounded, and that's causing problems for airlines that trained their pilots to operate the huge aircraft. Aviators don't usually fly more than one model of plane, so airlines are having to find ways to keep pilots sharp while their planes are out of commission. Bloomberg Businessweek (3/14)
Why companies should target Spanish speakers
The Latino Community Credit Union of Durham, N.C., is one of the country's fastest-growing and most stable financial institutions, Sophie Quinton writes, thanks to its decision to provide Spanish-language services and other tactics aimed at winning the state's burgeoning Latino population. "[T]raditional institutions ignore these new customers at their peril. The services immigrants adopt and the kinds of establishments they patronize often shape the future mainstream," Quinton writes. National Journal (3/12)
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Why foreign innovation is good for America
The U.S. is only the fourth most innovative country in the world, down from first at the turn of the century, according to one recent ranking. Fortunately, however, R&D doesn't only help the countries where it's carried out. "[I]nnovation is not a zero-sum game," notes The Economist. "Foreign ideas help to stimulate American ones, foreign inventions can boost American productivity and growth in foreign markets provides opportunities for American firms." The Economist (tiered subscription model) (3/16)
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Mexico tries to put Carlos Slim on a diet
Mexican regulators are claiming new powers that could help them break up América Móvil, the sprawling telecommunications empire that made Carlos Slim the world's richest man. New rules would allow the government to force companies to sell assets and would remove a cap on foreign ownership of telecommunication companies. "As long as the government is putting these kind of teeth into telecom regulators, it's bad news for América Móvil," one analyst says. The Wall Street Journal (3/15)
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Roaches and people travel together on Greyhound bus
Passengers on a Greyhound bus between New York and Atlantic City, N.J., got an unexpected surprise last week as cockroaches invaded the bus. Panic broke out as roaches began swarming over the passengers. "We thought it was one. It turned out to be a whole house full of roaches," one passenger says. CNN (3/16)
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