Five Things You Should Read

December 7, 2017

Walmart to drop “Stores” from its name, 3 ways to lessen the impact of a cyber breach.

VW Exec Gets Maximum Sentence

NYT-Paywall

Oliver Schmidt, a top Volkswagen official in the U.S. was sentenced on Wednesday to seven years in prison for his role in the German automaker’s decade-long scheme to cheat on diesel emissions tests. His case underscores the Justice Department’s commitment to indicting and prosecuting participants in the company’s efforts to rig pollution tests on hundreds of thousands of diesel vehicles imported for sale in the American market.

3 Ways to Lessen the Impact of a Cyber Breach

Harvard Business Review

In order to make a meaningful and lasting impact on employee behavior, organizations should consider frequent and interactive training sessions. Recent research indicates that employee training is tied as the third-most-effective method of decreasing the per capita cost of a breach, right after extensive use of encryption and assignment of an incident response team.

The Key to Balancing a Board Seat With an Executive Role

Quartz

Active senior executives accounted for just 53% of directors at S&P 500 companies in 2016, down from 66% a decade earlier. Beth Ford, who was promoted to COO at Land O'Lakes on the same day that she was named board chair at Clearwater Paper, shares that the key to balancing both roles is having a reliable team that allows her to prioritize her own work.

The Story Behind Walmart's Name Change

Fortune

The world’s largest company said on Wednesday that it is dropping “Stores” from its name in a nod to how much important e-commerce is to the business as it continues to compete with Amazon.com. CEO Doug McMillon said in a statement that he felt the name change was needed to be “consistent with the idea that you can shop us however you like as a customer.”

Glassdoor Named This Company the Best Place to Work

Glassdoor

Facebook's leadership, culture and meaninful, exciting work has landed them at the top of Glassdoor's 10 best places to work list for the third time. Facebook employees are especially appreciative of working with smart and innovative colleagues, the ability to work in different offices and locations and being able to join CEO Mark Zuckerberg and other senior leaders for a weekly Q&A.