company culture News

Pimco Accused of ‘Fraternity Culture’ in Suit by Female Workers

Allianz SE’s Pacific Investment Management Co. was sued by a pair of female workers who allege the money manager operates as a fraternity that favors white males. Sue Collazo and Lisa Anthony, employees at the firm’s Newport Beach office, say …

How People Rationalize Bad Choices

When a reward is tempting enough, people will break their own moral codes to gain the desired prize. Afterward, they’ll tell you exactly how they were justified: “It wasn’t as if anyone was harmed,” “I was only borrowing …,” “My …

2015 Fatal Alaska Crash Blamed on Pilot, Company Culture

Pilot error, an air company’s culture and its lack of a formal safety program were behind a fatal crash that killed nine people two years ago on sightseeing flight in Alaska, the National Transportation Safety Board determined Tuesday. A pilot …