As a privately held company, Shein doesn't have to disclose details like sales, employment or other information that publicly traded companies in the U.S. are required to openly share, and much about its ownership and governance remains murky. Transparency and other challenges notwithstanding, rumo...
When Steve Jobs was fired at age 30 from Apple Computers — the company he had started in his parents' garage — he said it was devastating to be a very public failure. He told the Stanford class of 2005 that he even thought about "running away from the valley." But, he said, "som...
We reported in our story entitled, "6 Percent", that an Internet-based real estate company, ERealty, went "belly up." To be precise, ERealty was purchased by Prudential Real Estate Affiliates, at a loss of about $33 million to ERealty's investors, according to one of those investors, ...
But one of Palmer's most serious allegations is that top company executives not only knew of the alleged fraud, but wanted to expand on it to increase profits. Palmer says during a 2010 meeting at Infosys' corporate headquarters in Bangalore the practice was discussed with a group of executive...