Varada Bhat is a graduate of Columbia Journalism School. She was previously a reporting intern at Barron’s and Business Insider covering financial markets. She has also worked at various Indian publications including the Business Standard and the Hindu Business Line. Her stories have influenced stock performance and policy decisions and led to government inquiries and high-profile resignations in India. Coverage highlights include Walt Disney’s acquisition of Indian entertainment company UTV, investigations into cricket’s multibillion-dollar Indian Premier League and the sale of Rupert Murdoch’s stake in his Indian news venture.
Most of the 100 biggest U.S. companies let executives use company aircraft for personal trips. These perks tend to be a small part of executive pay but are red meat for social and financial activists. Some small firms are flagrant too. Yet there are some role models out there.
The $9 bln jeans maker reported a healthy profit in its first results since going public last month, giving the stock a fresh boost. It now trades 35 pct above its initial offering price. Levi’s may not be flashy, but the company delivers the goods better than the likes of Lyft.
New York City’s art deco tower is being sold for $150 mln, a fraction of what it fetched a decade ago. An onerous ground lease, renovation needs and drift away from Midtown explain much of the discount. But the Empire State Building shows how to restore luster to fading icons.