FT News Briefing Apple under scrutiny for mishandling misconduct claims
Aug 8, 2022
Investors are rapidly offloading stakes in private equity, a trend highlighted amidst soaring earnings for gig economy firms like Uber and Lyft. Apple faces serious scrutiny as former employees allege serious mishandling of harassment claims by its HR team, raising questions about the company's corporate culture. The discussion sheds light on the troubling lack of support for those reporting misconduct. Additionally, the podcast explores how food delivery services thrive, signaling a shift away from the low-cost gig model.
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Pension Funds Sell-Off
- Pension funds are selling private equity stakes at a discount due to the stock sell-off.
- One pension fund manager expressed dejection, stating they'd never had to do this before.
Impact on Private Equity
- The sell-off indicates reduced future investment in private equity.
- This makes it harder for private equity firms to raise large funds, impacting dealmaking and fees.
Food Delivery Profits
- Food delivery remains strong post-pandemic, contributing to Uber's first profitable quarter.
- However, prices are rising as companies prioritize profits over growth.