Apple has placed a Foxconn iPhone factory in India on probation after a food poisoning outbreak sparked worker protests, Reuters reported. Apple didn’t disclose the terms of the probation, but usually doesn’t award the factory new business until it corrects problems. Apple gives its suppliers up to 90 days to fix labor and environmental issues and monitors suppliers more closely during...
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Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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