Ruction

A disturbance or quarrel.

The Ruction is a weekly rundown of the top ten emerging issues from the past seven days shaping commerce + culture.

The Ruction is for communication strategists and global business executives.

#TheRuction #Caracal #Ethereum #JasonFried #Basecamp #WorkplaceCulture #Coinbase #HQs #RemoteWork #Broadway #Fertility #Pandora #Diamonds #ChiefMarketingOfficer #CMO #ElevenMadisonPark #Meatless #GeneralMotors #EVs #Mexico #GeneralElectric #LarryCulp #ExecutiveCompensation

The Ruction | Edition 17 | May 7, 2021

1. Two genuine reasons Ethereum is taking off: Ethereum is a storage of value like gold, plus it is programmable. This means developers can write code, create rules, and make applications on the platform.

2. "Last week was terrible. We started with policy changes that felt simple, reasonable, and principled, and it blew things up internally in ways we never anticipated." -- Jason Fried, the CEO of the software firm Basecamp, where a third of employees resigned after company executives banned political discussions in the workplace.

3. Coinbase, the biggest US cryptocurrency exchange, plans to close its San Francisco headquarters next year and let employees continue to work remotely.

4. Broadway to resume shows with 100% capacity in theaters starting September 14.

5. Births in the US drop to levels not seen since 1979: The number of babies born in America last year was the lowest in more than four decades, according to federal figures released Wednesday that show a continuing US fertility slump.

6. Pandora ditching mined diamonds for lab-grown ones: The move by the world's biggest jeweler reflects consumer demand for sustainability and ethical sourcing.

7. The tenure of Chief Marketing Officers shrank again last year, falling to an average of 40 months from 41 in 2019, according to the latest Spencer Stuart study.

8. The new menu at Eleven Madison Park will be meatless: The restaurant will no longer serve meat or seafood when it reopens, Daniel Humm, the chef, said. "The current food system is simply not sustainable, in so many ways," he said. The meatless menu will still cost $335, but Humm says cow's milk will be available for your coffee.

9. General Motors is extending its electric vehicle plans south of the border with an investment of more than $1 billion in Mexico, adding a fifth plant in North America with EV production capacity.

10. General Electric's shareholders rejected a pay package possibly worth up to $230m for CEO Larry Culp. The vote was not binding but highlights growing investor frustration at the high rewards some blue-chip companies dished out to executives during the pandemic.