Home > NewsRelease > Quotes with Your Coffee #11: Business Is the Most Trusted Instituion, Pinduoduo Opens in US to Compete with Amazon, Target Drops Mandatory Retirement Age, and Some Thoughts on Luck
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Quotes with Your Coffee #11: Business Is the Most Trusted Instituion, Pinduoduo Opens in US to Compete with Amazon, Target Drops Mandatory Retirement Age, and Some Thoughts on Luck
From:
Richard Gottlieb -- Toy Industry Expert Richard Gottlieb -- Toy Industry Expert
For Immediate Release:
Dateline: New York, NY
Thursday, September 8, 2022

 

At 61%, business is the most trusted institution, ahead of NGOs at 59%,
government at 52% and media at only 50%. Seventy-seven percent of
respondents, however, trust “My Employer,” making the relationship
between employer and employee incredibly important.

The Trust 10, edelman

“Good luck is what is left over after intelligence and effort have combined at their best,” said baseball legend Branch Rickey. “Luck is the residue of design.”

Branch Rickey, Baseball player and executive

Pinduoduo launched its U.S. online shopping site as the Chinese e-commerce giant makes its first major push overseas.

The website called Temu, which went online Thursday, lists items across a number of categories including clothing, jewelry, pet supplies and home and garden, and could mark a new challenge to U.S. e-commerce leader Amazon.

China’s e-commerce giant Pinduoduo quietly launches U.S. shopping site in Amazon challenge, CNBC, Arjun kharpal, September 2, 2022

Target Corp. has dropped its mandatory retirement age.  

The discounter said that its CEO, Brian Cornell, has agreed to remain in his role for about three more years. With Cornell’s commitment, Target’s board eliminated the company retirement policy, which it said was designed to initiate a discussion “regarding the possible retirement of its CEO at the age of 65.”

Target C-suite moves: Cornell staying three more years, logistics exec leaving, Marianne Wilson, CSA, September 7, 2022

Richard Gottlieb

Global Toy Experts / Global Toy News

646 675 3019

richard@globaltoyexperts.com

 

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