Companies/Industries the currency union the worst-case scenario. Importing leather from fellow euro zone member Italy would be proBy Jennifer Chaussee hibitively more expensive if Greece left the euro zone. In the July 5 referendum, Papailiopoulou voted to accept the terms of another European bailout. Greeks overwhelmingly voted “no”—61 percent of them. With Prime Minister Alexis Tsipras then agreeing ○ ○ Gay-and-lesbian-rights activists filed a to even more stringent conditions for a class action against Wal-Mart Stores for allegedly bailout, Papailiopoulou expects times to remain tough for Greeks. The taxes she denying health insurance coverage to same-sex will have to pay on her profit will likely spouses of Massachusetts employees. Wal- T-Mobile US is rolling rise to 29 percent from 26 percent. “I don’t think I’ll raise my prices. To be cheaper calling Mart extended benefits to same-sex couples in out plans with higher data honest, that wouldn’t be fair,” she says. for families. 2014, but the complaint contends the company allotments “I’m ready to spend a bit more. There The new prices are are things we have to face, and that’s latest move to violated the Civil Rights Act of 1964 and the the compete directly with life. Instead of swearing the whole day, like Verizon Massachusetts fair-employment law by denying giants that’s what I choose to do.” Communications. By setting up shop in Athens, coverage to same-sex employee spouses before Papailiopoulou returned to her birththe policy change. Wal-Mart denies the allegations. ○ ○ place. She’d been away since 2000, first at the University of Reading in Stock in Macy’s rose 9 percent, the U.K., then in Italy, where The monthly cost of to $72.01, after activist hedge she studied fashion and apparel Comcast’s online TV streaming service. The design. She got her first job fund Starboard Value invested Stream will provide there, as a junior clothing existing Comcast in the retailer. Starboard Chief designer with luxury brand Internet customers 23 with access to about a Bottega Veneta under creative Executive Officer Jeff Smith dozen TV channels. director Tomas Maier. “I missed said the stock could be worth home,” she says. “I just wanted to come back to family, friends, the as much as $125 if the company spins off its real estate. sun, and live a normal life.” ○ ○ The finance arm of Honda Motor’s U.S. subsidiary Her choice was at odds with the massive emigration of Greeks, particagreed to pay as much as $25 million to settle federal ularly those with education and marallegations that dealers overcharged minority borrowers by ketable skills, seeking work in stronger economies. More than 200,000, almost as much as $250 each since 2011, according to a settlement 2 percent of the population, have left with the Department of Justice and the Consumer Financial since the start of the crisis in 2009. She came back home after turning down a Protection Bureau. Honda didn’t admit wrongdoing and job offer at a fashion company in New denies the allegations. ○ ○ The Department of Education York. “I had such an urge to start something that’s mine,” she says. “I said, ‘I’m agreed to suspend debt collection from former going to risk it.’ ” In Memoriam Corinthian Colleges students for 120 days. Entrepreneurs like her can and will adapt, Papailiopoulou says. The imporThe agreement comes amid negotiations tant thing is to have choices. “People like between the department and a group of me that are young and creative—youth goes away, creativity doesn’t go away. lawyers representing former students over I’ll always create,” she says. “I grew up “We do not run from debt relief for those who attended the for- risk. We run to it. We believing I can do whatever I want to are taking the risk to do, with all its difficulties. I will be really profit college before it filed for bankruptcy move beyond the upset if there is no space for that here.” boundaries of the in May. ○ ○ Harper Lee’s controversial game industry to reach —Dimitra Kessenides
Briefs Belated Benefits?
ILLUSTRATION BY SIMON ABRANOWICZ
$15
The bottom line More than 200,000 Greeks have left the country since the beginning of the crisis in 2009. Edited by Dimitra Kessenides Bloomberg.com
book, Go Set a Watchman, reached No. 1 on Amazon.com’s Best Sellers of 2015 list after its release on July 14.
new players and current players.” Satoru Iwata, former president of Nintendo, who died on July 11
