Ok so the other day I saw an ad for Sprint. Apparently it was not a regular sprint ad, I mean it was for a cell phone with Sprint but this phone must have had special powers because...it was the world’s first $10.5m cell phone. What the hell is this?
Upon closer inspection, this is what I get:
Blackberry World edition Smartphone - $199.99
Exotic Island - $10,499,800.01
Now that’s what I call a purchase, right!
Scholars Link Success of Firms to Lives of CEOs
This seemed like a more serious read right. A study of a number of companies measured the changes in profitability after deaths in the CEOs' families. It found that the degree of change depended on the type of relative who died. OK, I mean I see how a death in the family can affect one's work performance, and in the case of a CEO, the company's overall performance (a little bit of a stretch though!). So here are the kinds of changes experienced with the following deaths:
Child: -21.4% (meaning company's profits slipped by that much)
Spouse: -14.7%
Any family member: -9.4%
Parent: -7.7%
Mother-in-law: 7.%
Yes, folks that's a positve change for the mother-in-law.
Lesson learned, if a company is looking to increase its profit margins eliminating the CEO's mother-in-law might just be a viable option!
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