Uber Infighting and Billionaire Philanthropy

(Bloomberg View) -- The weekend is here! Pour yourself a mug of Peet’s coffee, grab a seat on the aisle, and get ready for our longer-form weekend reads:

• The takedown of Travis Kalanick: The untold story of Uber’s infighting, backstabbing and multi-million-dollar exit packages (Business Insider)
• How conservative activists catfished Twitter (Gizmodo) see also: New Project Veritas dossier compiles photos of James O’Keefe’s known associates (The Intercept)
• China is turning Ethiopia into a giant fast-fashion factory (Bloomberg Businessweek)
• The billionaire philanthropist: It’s an American tradition for CEOs to stockpile their wealth, avoid taxes, then in their later years, participate in the theater of giving. Will Jeff Bezos make it scale? (Longreads)
• Can teams can be more productive by killing the eight-hour workday? (Teambit)
• The last temptation: How evangelicals, once culturally confident, became an anxious minority seeking political protection from the least traditionally religious president in living memory (The Atlantic)
• Bussed out: How America moves thousands of homeless people around the country (The Guardian)
• Heredity beyond the gene (Nautilus)
• The music of The Beatles (New York Review of Books)
• Ichiro’s return to Seattle won’t resolve the battle raging within him (ESPN)

Be sure to check out our Masters in Business interview this weekend with Lazard Asset Management’s James Donald, managing director and head of the emerging markets team. In 2017, Lazard’s team won the SMA Managers of the Year award in the global and international category. 

Private Equity’s Trick to Make Returns Look Bigger

Source: Wall Street Journal

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”

To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.net.

For more columns from Bloomberg View, visit http://www.bloomberg.com/view.

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