I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...

What do Amalgamated Financial, a bank holding company, and United Therapeutics, a pharmaceutical company, have in common? They are both part of a movement in the business world known as public benefit ...

Pharmacy benefit managers, which negotiate the terms for prescription drug access for hundreds of millions of Americans, are racking up profits while squeezing patients and independent pharmacies, ...

OpenAI has successfully converted to a more traditional corporate structure, a move that cleared an obstacle for a potential initial public offering and pushed the valuation of longtime partner ...

With the Great Resignation and "quiet quitting" continuing to make headlines worldwide, employers are desperately trying to find initiatives that will excite, engage and ultimately retain employees.

ArcBest on Friday reported a net income of $100.3 million for the third quarter of 2024, bolstered by a $69.1 million after-tax benefit compared to the previous year. Judy R. McReynolds, ArcBest ...

OpenAI says its corporate structure must evolve to advance its mission of ensuring artificial general intelligence (AGI) — AI that can complete most tasks humans can — benefits all humanity. The ...

Nearly half of hospitals in the U.S. are nonprofits, which means they don’t pay local, state or federal taxes. In return, the hospitals provide medical care, a social benefit, to their communities.

SAN FRANCISCO (MarketWatch) - Seagate Technology late Thursday reported fourth-quarter net earnings of $541 million, or 96 cents a share, up from $7 million, or a penny a share, during the year-ago ...