Posts

The Effects of Marriott’s Ethical Changes

According to an article published by AP News correspondent Dee-Ann Durbin in August of this year, Marriott International, a multinational hospitality company with over 7000 hotels across the world, plans to ban the supply of small shampoo and shower bottles in their hotels by December 2020.  Marriott, like other rival hotels such as InterContinental Hotels Group and Walt Disney Resorts, are seeking to eliminate about 1.7 million tonnes of plastic every year by replacing the tiny toiletries with bigger bottles that will reduce the excessive use of shampoo and other toiletries, and produce less plastic than the smaller bottles. Marriott is not the only hotel company planning to reduce the consumption of small toiletries — other companies are going to be affected by a combination of legal and environmental factors. Lawmakers in the US and the European Union are planning to ban small shampoo bottles by 2023, and plastic cutlery by 2021.  This news relates to the business conc

Why Tesla Should Go Private

Image
Tesla, Elon Musk's automotive and energy company founded in 2003, is one of the biggest companies in the current day and age, with a revenue of over $21 billion in 2018. This public company specializes in electric car and solar panel manufacturing and is one of the most controversial stocks in the market right now. Back in August 2018, Tesla's CEO and founder Musk tweeted about Tesla going private at $420 per stock. From then on, shareholders could sell the stock(s) and generate a profit. Since then, Musk has been accused of fraud and misleading the public and his shareholders, as he remained public. In an article by the CCN by Ben Brown, called Elon Musk is 100% Right. 3 Reasons Tesla Must Go Private ... Or it's Doomed, Brown listed reasons why Tesla should have followed up with the going-private plans, and how Musk has made a mistake in doing so. More so, the article discussed the vast reasons how Tesla is losing millions of dollars in revenue, such as one Wednesda