Michael O'Leary (@thisismichaelo) header
Michael O'Leary (@thisismichaelo) profile picture

Partner @L_Catterton and co-author of 'Accountable' — out now from @HarperCollins | Ex @EngineNo_1 @BainCapital

Brooklyn
Joined July 2019
Excited to introduce you all to Engine No. 1—a new investment firm purpose-built to drive positive impact through active ownership. Engine1.com Tons to do, but couldn't imagine a better team to do it with.
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Just off with @AmandaLang for @BNNBloomberg to talk about how shareholders are holding companies accountable for more than just short-term profits. A great opportunity to chat stakeholder capitalism. Check it out here: bnnbloomberg.ca/video/shareh…
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Spotted! First time seeing it in the wild... many thanks @BNBuzz accountablethebook.com
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Absolutely zero irony at the Carnegie library turned apple store in DC (built so “education can be available to all regardless of social status”) now selling iPhone 11 for $24.95 / mo. or $599 w/ a trade in.
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#10. Is there equality of opportunity in America? 70% of kids born into bottom quintile in '50-'68 ended up in the bottom two as adults. 63% born into the top ended up in the top two. Damning data from @pewresearch #chartaday #opportunity #inequality pewtrusts.org/~/media/legacy…
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Here are the default rates over time (thanks to @newyorkfed). Non-graduates / associate degrees have 2x the default rates. They aren't borrowing $100K. They're borrowing <$20K but not getting enough value to pay it back. (2/2) libertystreeteconomics.newyo…
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#9. The $100K+ student debt loads make the headlines, but 57% of borrowers owe less than $20K. The trouble is their default rates are also higher; at that amount, they often went to lower quality schools and didn't finish (1/2) #chartaday #studentdebt
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The shift from public -> private R&D funding is important b/c of the difference in what they fund. Gov't funds basic research while business funds development. As good an example of a public good as there is. H/t @CRS4Congress on the breakdown. (2/2) crs.gov/reports/pdf/R45150
#8. R&D has been stable-ish as a share of GDP since the '60s, but it's more privately funded than it used to be. Great data from @NSF summarized by Economic Innovation Group. #chartaday (1/2) eig.org/wp-content/uploads/2…
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