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Other people's business, Thursday 31 May

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Exxon, Fracking and Tim Cook.

1. Are IPOs good at creating jobs? (Washington Post)

During the dot-com boom, firms that went public often used the new influx of cash to go on hiring sprees. The bust, however, erased many of those gains, writes Suzy Khimm.

2. Steve Jobs’s successor takes center stage (Washington Post)

This week, Apple chief executive Tim Cook made his first significant public appearance since taking the position, writes Joshua Topolsky.

3. Bankia fiasco carries the same old lessons (Financial Times)

Lord knows how Spain will get Bankia, its troubled savings bank conglomerate, out of its €19bn mess, writes John Gapper.

4. Exxon’s fracking gag makes Chesapeake look good (Reuters)

Exxon Mobil’s reticence to come clean about fracking makes Chesapeake Energy look good, writes Christopher Swann.

5. Never bet against a water company (Guardian)

The moral of Severn Trent's tale is that a 'tough' regulatory outcome in year one often looks very gentle by year three, writes Nils Prately.

 


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