Gifted fortunes, gut bombs and the rest of the best business stuff this week

SHARE Gifted fortunes, gut bombs and the rest of the best business stuff this week

How to transform a town

With a $150 million fortune and no heirs to leave it to, reclusive entrepreneur David Gundlach willed everything to his hometown, Elkhart, Ind. Now the town of 51,000 people must figure out how to spend a minimum of $7.5 million dollars a year. Sarah Collins

What (not) to wear at work

Not only has Facebook put a wrench in office productivity, it’s also apparently led to employees thinking that yoga pants are acceptable workplace attire. Madeline Skaggs

The second sex

Out of the kitchen and into the dining room — not exactly Betty Friedan’s dream. But 60 percent of the increase in women’s employment from 2009 to 2012 was in jobs that paid $10 or less, and a lot of those jobs are waiting tables. Businessweek on why wage equity remains a distant dream. Matt Present

Hustling the gut bomb

In the age of “satisfries,” Businessweek looks behind the business of the 880-calorie Cinnabon and the 35-year-old woman who runs the whole enterprise. Madeline Skaggs

10 innovative policies that every city should consider

Most of the ideas on this hint-hint list for New York come from Chicago. That’s right, a post-Bloomberg NYC should take a good look at Chicago’s Innovation Loan Fund, 311 system and budgeting blueprint, which Business Insider calls “the best in the business.” Ahem. Sara White

The Latest
An appellate court in Maryland reinstated Adnan Syed’s murder conviction and ordered a new hearing after finding that a lower court failed to give the victim’s family sufficient notice that his conviction was going to be overturned.
The Hawks mustered extremely little offense, taking nearly 14 minutes to record their first shot on goal, in a 4-1 defeat against the Stars on Tuesday.
Chicago native played one season with Bulls; Pau Gasol also gets in
Vice President Mike Pence will not be asked about his actions on Jan. 6, but he will have to testify about potential illegal acts committed by former President Donald Trump.
Asked how they would bring together a divided city, Vallas said his “comprehensive, very strong, very cohesive and united coalition” would allow him to do so. Johnson said he wouldn’t have gotten this far without a “multi-cultural, multi-generational movement” that is “Black, Brown, white, Asian, young old, middle-class and working class.”