All posts tagged: Corporate

Palantir Issues Ominous Corporate Manifesto

Palantir Issues Ominous Corporate Manifesto

Sign up to see the future, today Can’t-miss innovations from the bleeding edge of science and tech Military and intelligence contractor Palantir has long struggled to beat the allegations of enabling an Orwellian surveillance state on behalf of the Pentagon. The Alex Karp-led company has received huge sums in federal funding to build out a surveillance platform for Immigration and Customs Enforcement, along with countless other contracts for military operations, policing, and border enforcement — not just with the US, but the Israeli military and UK government as well. Just in case its broader mission to supercharge national security using cutting-edge spying was too opaque, Karp penned a 320-page tome titled “The Technological Republic: Hard Power, Soft Belief, and the Future of the West.” While the book itself was released just over 14 months ago, a 22-point summary the company tweeted over the weekend put the firm and its controversial CEO’s ominous worldview in stark relief, drawing shocked reactions. Belgian philosopher of technology Mark Coeckelbergh described the manifesto as an “example of technofascism,” while Greek …

‘Corporate America is crushing the planet with its profits’

‘Corporate America is crushing the planet with its profits’

For Google-Alphabet, $125 billion; for Apple, $112 billion; for Microsoft, $105 billion; for Nvidia, $100 billion; for Amazon, $76 billion; for Meta, $58 billion; and for Tesla, a mere $5 billion. The total: $580 billion (€499 billion), not in revenue, not in operating margin, but in net profit after tax over the past 12 months. The Magnificent Seven, these American tech giants, deal in hundreds of billions and seem invincible. For comparison, LVMH, the French luxury conglomerate, posted annual profits of around $13 billion, and French tech darling Mistral AI celebrated raising €1.7 billion last fall. The tech sector is not alone. Corporate America is crushing the planet with its profits. Profits rose from $2.5 trillion in 2019, just before the Covid-19 pandemic, to $4 trillion in 2024 before taxes, according to a study by the Federal Reserve Bank of St. Louis, Missouri. As a percentage of national income, the profit rate increased from 13.6% to 16.2% between the end of 2019 and the end of 2024. That figure is all the more impressive given …

Corporate diversity statements can backfire when they become the norm

Corporate diversity statements can backfire when they become the norm

Organizations frequently publish public declarations of their support for diversity, equity, and inclusion. A new study suggests that because these statements have become so common, they may be losing their intended effect. When people perceive that every company has such a statement, they tend to view a specific organization’s commitment as a result of external pressure rather than genuine values. This perception can lead members of marginalized groups to anticipate feeling less welcome at the company. The research findings appear in the Personality and Social Psychology Bulletin. Corporate websites often feature sections dedicated to diversity, equity, and inclusion, commonly known as DEI. These statements serve as a signal to prospective employees. They aim to communicate that an organization is safe and welcoming for people from all backgrounds. Previous social science research indicated that these messages generally have positive effects. When a person from a marginalized group sees a diversity statement, they usually report higher levels of anticipated belonging. They expect fair treatment. However, those earlier studies looked at companies in isolation. They did not account …