The Wall Street Journal - 19.03.2020

(やまだぃちぅ) #1

THE WALL STREET JOURNAL. **** Thursday, March 19, 2020 |B3


said he opposed social distanc-
ing—the practice of sharply
limiting interpersonal contact,
as recommended by health of-
ficials around the world to
slow infection rates—and
urged employees to come to
work. However, he added that
offices would close if required
by local officials and that em-
ployees could work from home
in certain situations including
a lack of child care.
“There is undoubtedly
stress on the medical system
and a tragedy for the senior
population, but no reason to
believe it is risky for other-
wise healthy people to go to
work, school, or live our lives,”
wrote Mr. Saylor, whose firm
provides analytics and mobil-
ity applications for businesses.
“It is soul-stealing and debili-
tating to embrace the notion
of social distancing & eco-
nomic hibernation.”
A MicroStrategy software
developer in his 20s said he
and many colleagues he heard
from were stunned by Mr. Say-

lor’s memo. “Just because old
people are dying from [the
coronavirus] doesn’t mean we
shouldn’t be worried about it,”
he said, adding that he has
worked from home during
snow storms without hiccups.
“We could give it to family
members.”
Asked for comment, a
spokeswoman for MicroStrat-
egy forwarded an email Mr.
Saylor sent to the company’s
roughly 2,300 employees
Wednesday in which the exec-
utive expressed a change of
heart.
“As I reflect as someone
who cares deeply about Mi-
croStrategy and its employees,
it’s time for me to listen to our
employees, leaders, and gov-
ernments,” Mr. Saylor wrote.
“Effective today, MicroStrat-
egy is moving to a voluntary
work-from-home policy and
we encourage you to work re-
motely.”
Shutting down even for a
brief period could be devastat-
ing for many small firms, said

apart—a mandate that some of
his restaurants aren’t large
enough to support—and to
prohibit patrons from sitting
at restaurant bars.
“I don’t know if we’re going
to make it through this,” said
Mr. Johnson, who has since
closed the company’s
restaurants after Washington,
D.C., officials ordered all eat-
eries to cease table service
Monday. “I’m not some huge
conglomerate.”
This week, a local California
sheriff’s office where Tesla
Inc.’s U.S. car factory is lo-
cated said activities there
should be limited to “mini-
mum basic operation only”
after the auto maker’s CEO
Elon Musk publicly played
down the significance of the
viral pandemic.
In an email to staffers Mon-
day, Mr. Musk said the harm
from the panic over the novel
coronavirus is more dangerous
than the actual disease, reiter-
ating past comments he has
made on social media.

Tom Johnson, managing part-
ner of Hill Restaurant Group,
in a post he wrote on a trade
group’s private Facebook page
Sunday saying he opposed
closing his eateries’ doors.
The post was later shared
publicly online, and Mr. John-
son said he has since received
several threatening phone
calls and emails. “We were vil-
lainized overnight,” he said,
adding that he regrets the

tone of his post. “We weren’t
trying to say we don’t care or
that the virus is something to
not take seriously.”
Mr. Johnson said local offi-
cials had ordered restaurants
to keep tables at least 6 feet

Companies say their
actions have been
aimed at avoiding
service disruptions.

Playboy magazine, the once
pace-setting journal that
chronicled the sexual revolu-
tion through a mix of high-
gloss nude photographs and
top-rate fiction and journal-
ism, will end its print run in
the U.S. after nearly seven de-
cades on the newsstand, the
company said Wednesday.
The magazine, which had
struggled with profitability for
years and had steadily reduced
its print frequency since the
death of its founder, Hugh
Hefner, in 2017, ultimately fell
victim to the coronavirus pan-
demic sweeping the globe.
“As the disruption of the
coronavirus pandemic to con-
tent production and the supply
chain became clearer and
clearer,wewereforcedtoac-
celerate a conversation we’ve
been having internally,” Ben
Kohn, chief executive ofPlay-
boy EnterprisesInc., wrote in
a post on Medium.
“With all of this in mind,
we have decided that our
Spring 2020 Issue, which ar-
rives on U.S. newsstands and
as a digital download this
week, will be our final printed
publication for the year in the
U.S.”
Mr. Kohn said the magazine
would continue publishing
regularly only online, with an
occasional special edition in
print. The magazine will con-
tinue to be published in some
markets overseas through li-
censing agreements.
“Over the past 66 years,
we’ve become far more than a
magazine and sometimes you
have to let go of the past to
make room for the future,” he
said.
After Mr. Hefner’s death at
age 91, the company began to
re-evaluate the future of the
money-losing U.S. magazine,
which was scaled back to six
issues a year from 10 in 2017.


BYLUKASI.ALPERT


Playboy


Magazine


Ends U.S.


Print Run


BUSINESS NEWS


Some businesses for days
played down the health threat
of the new coronavirus or di-
rected employees to continue
coming into offices as federal
and local health authorities
have called for flexible work
arrangements to slow the
spread of the disease.
Closely heldHill Restau-
rant Grouprecently said it
wouldn’t close its seven eater-
ies in the Washington, D.C.,
area before reversing course.
Ad agency holding company
Omnicom Group Inc. and
technology firmMicroStrat-
egyInc. maintained—until this
week—that most employees
should come into work.
The companies say their ac-
tions have been aimed at avoid-
ing service disruptions or other
outcomes that might cause se-
rious financial harm. In some
instances, company leaders
have argued that the new coro-
navirus isn’t as dire a threat as
other infectious diseases.
Experts say the coronavirus
poses a major health threat in
part because there is no
vaccine to protect people
against Covid-19, the poten-
tially deadly illness caused by
the virus.
State and county officials
have encouraged businesses to
send workers home in recent
days while many businesses—
including in retail, entertain-
ment and hospitality—have
opted to close temporarily.
Some jurisdictions that have
mandated closures have
carved out exemptions for
first-responders and “essen-
tial” personnel in health-care
fields or at grocery stores and
banks.
In a more-than-3,100-word
memo to employees Monday
that was reviewed by The Wall
Street Journal, MicroStrategy
Chief Executive Michael Saylor

BYSARAHE.NEEDLEMAN
ANDPATIENCEHAGGIN

Some Firms Ask Staff to Show Up


Managers argue risks
from pandemic are
overstated as staff
push for flexibility

A Tesla factory in Fremont, Calif., in 2018. On Monday, CEO Elon Musk said panic over the coronavirus is more dangerous than the disease.


BRIAN MOLYNEAUX FOR THE WALL STREET JOURNAL

FORTUNE.COM/SUBSCRIBE


IF


TIME


IS


MONEY,


SPEND


IT


HERE. IT PAYS TO KNOW


All images © 2020 Fortune Media IP Limited. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries.

Invest in your future by
joining the FORTUNE community.
You’ll get unrivaled access to
the world’s most influential
business leaders, along with
in-depth analysis and sharp
insights about today’s
business landscape.
Free download pdf