Roz Brewer, an exceptional Black female businesswoman, is making history as she paves the way for racial and gender diversity in a Fortune 500 board room. On March 15, 2021, Roz Brewer will take over as Chief Executive Officer (“CEO”) of Walgreens Boots Alliance (“WBA”), the parent company of the pharmacy chain Walgreens. (Anne Moffat & Jeff Green, Bloomberg Law News). WBA’s decision to hire Brewer comes with high expectations. She has previously showcased her business acumen during her time as a C-suite executive for other Fortune 500 companies and her anti-racism impact in the corporate realm. Once effective, Brewer will be the only Black female CEO of an S&P 500 company since Ursula Burns left Xerox in 2016. (Jena McGregor, The Philadelphia Inquirer). She will be one of three women currently holding the title of CEO at a major drug store company. (Walter Loeb, Forbes).
Read MoreBitcoin and other cryptocurrencies have increased in popularity since Bitcoin was released in 2009, yet the cryptocurrency market remains unpredictable and volatile. Apps like Robinhood and influential people like Elon Musk have sky-rocketed the accessibility and demand for cryptocurrency in recent months. (Browne, CNBC). In a swing that paralleled the GameStop buying frenzy, a cryptocurrency called “Dogecoin” spiked as much as 800% in a single day. (Id.). Following the influx of Dogecoin buyers, Robinhood temporarily halted instant buying power for crypto to restrict trading. (Id.). Robinhood’s decision to restrict trading was contentious, but the decision exposed a major regulatory gap in both the public and private sectors of cryptocurrency trading.
Read MoreEnding with the conclusion of the Georgia Senate runoff elections on January 5th and resulting in control of the White House and both chambers of Congress, a Democratic election trifecta has created optimism within the cannabis industry for federal reform, with investors eager to capitalize on this momentum. (John Rebchook, Marijuana Business Daily). In wake of the Democrats taking control of the Senate, the market is investing in the improved probability for the federal legalization of cannabis, the end goal of a long journey that formally began in 2012. Id.
Read MoreOne of the newest industries to gain a foothold in the United States and abroad is the cannabis industry—which has shifted from a cartel-run black market to a legal industry in 15 states (and Washington, D.C.), and decriminalized in 16 more states. (DISA, Map of Marijuana Legality by State). The market for legal marijuana is growing so fast that one study estimates it could be worth over $70 billion by 2027. (Grand View Research, Legal Marijuana Market Size Worth $73.6 Billion By 2027). Yet despite its potential for growth, the marijuana industry still faces a lack of access to capital and banking that might prove essential to its ability to thrive.
Read MoreAs the economy progresses into an age marked by the rise of streaming services and the collapse of brick-and-mortar empires like Blockbuster Video, consumers have swiftly adapted and embraced new technology. GameStop, a once thriving video game retailer with storefronts at many local malls, is suffering a similar fate. In December 2020, the video game chain announced that it would close up to 1,000 stores by the end of its fiscal year in March 2021. (Lauren Gray, Yahoo!). Even so, in January 2021, many investors woke to news headlines declaring a GameStop stock (“GME”) buying craze. Within six days, GME’s price soared from $43.03 on January 21st to $347.51 on January 27th, a 708% increase. (Google Finance). What happened?
Read MoreThe long-time debate between stakeholderism and shareholderism is becoming far more in favor of stakeholderism due to the increasing importance of Environmental, Social and Governance (“ESG”) initiatives. Shareholderism is the traditional school of thought that the responsibility of a corporation is to the shareholders only. Stakeholderism has been challenging this view with the idea that the responsibility of a corporation is to benefit all of its stakeholders – customers, employees, suppliers, communities and shareholders. The Chairman and CEO of Blackrock, one of the largest asset management companies in the world, recently wrote a letter to CEO’s emphasizing the importance of ESG to investors and the public. (Larry Fink, Blackrock).
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