Ex-CBS CEO Les Moonves will not receive $120 million in severance pay after sexual misconduct probe

The media executive resigned from his role at the company in September after a dozen women came forward alleging sexual misconduct. Moonves has denied the accusations.
Read more: Ex-CBS CEO Les Moonves will not receive 0 million in severance pay after sexual misconduct probe

J&J is a company of the ‘highest integrity.’ Investors overreact to asbestos report

The story also cited a Missouri court of 22 women who said their use of baby powder “caused them to develop ovarian cancer.” The stock market reacted immediately by taking 10 percent off J&J’s stock, causing a drop of almost $40 billion in J&J’s market capitalization.
Read more: J&J is a company of the ‘highest integrity.’ Investors overreact to asbestos report

Off the Shelf

Driving Digital Strategy, by Sunil Gupta, Carter professor of business administration (Harvard Business Review Press, $32). And on the other hand, a nuts-and-bolts guide for businesses about rethinking their strategy, value chain, customer engagement, and organization to succeed in a pervasively digital era.
Read more: Off the Shelf

The Innovation Engine

WHEN Harvard president Lawrence S. Bacow stressed the vital role of immigrants in both higher education and the economy during his October installation address, economist William R. Kerr’s research team cheered. The D’Arbeloff-Class of 1955 professor of business administration, Kerr studies the future of work, with a particular focus on high-skilled immigrants and their impacts on the U.S. economy. At a time when immigration provokes fierce debate in American public life, he argues in The Gift of Global Talent (Stanford) for reforms to streamline the U.S. immigration system and attract more overseas talent.
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Virtual reality start-ups offer a VR experience that's part movie theater, part theme park

Dreamscape Immersive — backed by Hollywood’s biggest players including IMAX, AMC, Fox and Warner Bros. — is opening up its first permanent location this weekend in one of Los Angeles’ biggest malls,
Read more: Virtual reality start-ups offer a VR experience that’s part movie theater, part theme park