What We’re Reading
A few good pieces the Collab team came across this week …
Values
Moving in the right direction:
A new poll shows consumers expect chief executives to proactively take steps on social issues, even before lawmakers do. “Sixty-four percent of people say that C.E.O.s should take the lead on change rather than waiting for government to impose it,” according to the results of the Edelman Trust Barometer, a poll of 33,000 individuals across 28 markets around the world.
Burn
This piece on Tesla’s burn is crazy:
Tesla is going through money so fast that, without additional financing, there is now a genuine risk that the 15-year-old company could run out of cash in 2018. The company burns through more than $7,430 every minute, according to data compiled by Bloomberg. Free cash flow—the amount of cash a company generates after accounting for capital expenditures—has been negative for six consecutive quarters and ballooned to more than $1 billion when Tesla reported earnings May 2.
Concentration
At 38 colleges in America, including five in the Ivy League Dartmouth,Princeton,Yale, Penn and Brown– more students came from the top 1 percent of the income scale than from the entire bottom 60 percent.
Hidden value
What free products are worth:
Survey respondents said that they would have to be paid $3,600 to give up internet maps for a year, and $8,400 to give up e-mail. Search engines appear to be especially valuable: consumers surveyed said that they would have to be paid $17,500 to forgo their use for a year.
Take a stand
An interesting form of striking:
Bus drivers in Okayama working with Ryobi Group have taken to the streets in an unusual form of protest. While technically on strike, they are continuing to drive their routes while refusing to take fares from passengers.
Have a nice weekend.