- BusinessBusiness Insider•22 hours ago
Mark Zuckerberg shares the hiring rule he says separates good companies from great ones
Hiring Sheryl Sandberg was one of the smartest business decisions Facebook CEO Mark Zuckerberg ever made. Sandberg joined in March 2008 at a time when Facebook was ready to scale and needed the acumen she developed in her role as the head of Google's advertisting arm as well as the chief of staff to Treasury Secretary Larry Summers. In an episode of LinkedIn cofounder and chairman Reid Hoffman's podcast "Masters of Scale," Zuckerberg told Hoffman that his experience with Sandberg taught him that the "single most important thing" when it comes to scaling into a massively successful business is having founders surround themselves with the best people they can find.
- NewsMarketWatch•yesterday
Supreme Court won’t widen debt-collection abuse law in Santander case
The U.S. Supreme Court on Monday declined to expand a federal law targeting alleged harassment and threats in debt-collection tactics, saying oversight of distressed debt buyers that then become collection entities isn’t within the court’s purview. The court unanimously upheld a lower court’s dismissal of a proposed consumer class-action suit against auto-lender Santander Consumer USA Holdings Inc. SC, +0.87% over allegations it violated the Fair Debt Collection Practices Act. The case hinged in large part on the definition of “creditor” and “debt collector” and whether a company that buys debt should be treated as a creditor, not subject to the collections law. The law applies only to companies
BusinessReuters•yesterdayU.S. top court rules for Microsoft in Xbox class action fight
The U.S. Supreme Court on Monday ruled in favor of Microsoft Corp in its bid to fend off class action claims by Xbox 360 owners who said the popular videogame console gouges discs because of a design defect. The court, in a 8-0 ruling, overturned a 2015 decision by the San Francisco-based 9th U.S. Circuit Court of Appeals that allowed console owners to appeal the dismissal of their class action lawsuit by a federal judge in Seattle in 2012. Typically parties cannot appeal a class certification ruling until the entire case has reached a conclusion.
