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13min chapter
Bloomberg Businessweek Weekend - February 7th, 2025
Bloomberg Businessweek
The Rise and Risks of the Magnificent Seven
This chapter analyzes the current dominance of major tech firms known as the 'Magnificent Seven' and warns of their potential transience compared to historical corporate giants. The discussion highlights the shift from building solid business foundations to prioritizing short-term profits, and examines the implications for both shareholders and stakeholders. By addressing the evolving nature of corporate America, it calls for a reevaluation of business practices to restore trust and legitimacy in the management profession.
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