Business

Tech exec gets 22 years in prison for $30M fraud

A former high-tech executive convicted of defrauding investors of at least $30 million was sentenced Monday to 22 years in prison after a judge denounced him for fleecing nearly 100 victims to finance an “obscene lifestyle” of private jets, gaudy jewelry and Swiss bank accounts.

Why We Have to Go Back to a 40-Hour Work Week to Keep Our Sanity

If you’re lucky enough to have a job right now, you’re probably doing everything possible to hold onto it. If the boss asks you to work 50 hours, you work 55. If she asks for 60, you give up weeknights and Saturdays, and work 65.

Steve Jobs and ‘Think Different’ ad

Legend has it that Steve Jobs was so involved in the creation of Apple’s “Think Different” campaign that he could have — maybe did — write the thing himself. So along comes an Apple ad writer to tell us all that this legend should end because it has no legs.

How huge is Wal-Mart? [INFOGRAPHIC]

The retailer’s global employee force of 2.1 million would form the second largest military in the world, thumping the U.S Armed forces by nearly 1 million. In 2010, the behemoth generated more revenue than America’s largest oil company, manufacturer, or pharmaceutical company.

Christmas to push 1/3 of UK into debt

The survey of 2,015 adults suggests 11% of Britons will lose track of spending, with 31% going into some form of debt to fund Christmas-related costs.

Samsung will sell Galaxy in Australia

Australia’s High Court has lifted a ban on the sale of Samsung’s Galaxy tablet in the country in time for the Christmas shopping season.

Movement of rich: life at home abroad

The cross-border migration of highly-educated people from upper-middle income countries rose by 44% between 2000 and 2006, according to a recently published study by the Organisation for Economic Cooperation and Development (OECD). In low income countries the cross-border movements also jumped significantly, by 28%.

5 things businessmen can learn from Steve Jobs

Of course, we’ll never know, but when reading over Isaacson’s bio and reviewing Jobs’ achievements, it is possible to pull out what seem to be transferable traits, ideas and attitudes. Here are five such attributes that any business owner can embrace, even if they don’t have Jobs’ one-in-a-billion eye for design or mercurial personality.

Apple made programmers cool and rich

The rise of the App Store and its progeny – the multi-millionaire developer, or ‘Appillionaire’ – is inspiring a new generation of indie kids to turn towards coding.

Shareholders rally against Rupert Murdoch

Angry shareholders have lashed out at Rupert Murdoch, the head of News Corp, but an attempt to curb the media mogul’s powers failed as he pledged to ensure no repetition of a British phone-hacking scandal.