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You’ve heard the phrase “leading by example,” but what about “leading with values”?
I’ve always led by example by using my values as my guide. Still, it wasn’t until I founded my first company that I fully understood the importance of embedding those values into the company, too. READ MORE
Hiring has perhaps never been harder for employers.
As pandemic restrictions eased amid the accessibility of Covid vaccines and businesses started bouncing back, many employers faced workforce shortages. Workers who may have lost their jobs during the peak of the pandemic were now highly desired.
In June, there were more than 10 million job openings in the U.S., the most ever recorded by the Bureau of Labor Statistics. In comparison, only 8.7 million people were still unemployed in July, according to the BLS. READ MORE
Despite a global pandemic that caused massive unemployment and slashed earnings among working-class Americans, starting salaries for recent college graduates continue to rise.
According to a recent report from the National Association of Colleges and Employers, the average starting salary for the college Class of 2020 was $55,260 — 2.5% higher than that of the Class of 2019 ($53,889 ) and 8.5% higher than the Class of ’18 ($50,944). READ MORE
It has been nearly five years since Wells Fargo & Co (WFC.N) began addressing widespread customer abuses that led to regulatory penalties, lawsuits, reputational damage, business overhauls and management changes, but the fourth-largest U.S. bank apparently still has a lot of work to do, analysts say.
Regulators at two key agencies – the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) – are considering additional sanctions against Wells Fargo because it has been too slow to compensate victims and address underlying weaknesses in business practices, Bloomberg reported on Tuesday. READ MORE
Google has yet again postponed a full return to the office, announcing that its employees can continue to work remotely until next year. The decision follows similar ones already made by the company's tech industry peers like Facebook and Amazon.
Google (GOOGL) workers around the world will not be required to return to their offices until at least Jan. 10, 2022, CEO Sundar Pichai said in a note to employees on Tuesday. (The policy only applies to Google and not its parent company Alphabet, a company spokesperson said). READ MORE
John Chiminski, the CEO of Catalent Pharma Solutions, which manufactures COVID-19 vaccines for Moderna, Johnson & Johnson and AstraZeneca, described last year’s supply chain challenges and how his company overcame them. He also provided insight as to how his company is preparing for increased expected demand as booster shots gain traction. READ MORE
The White House COVID-19 response team on Tuesday urged businesses in the country to require employees to be vaccinated.
COVID-19 response coordinator Jeff Zients presented a White House briefing alongside the director of the Centers for Disease Control and Prevention Dr. Rochelle Walensky and the director of the National Institute of Allergy and Infectious Diseases and White House chief medical adviser Dr. Anthony Fauci. READ MORE
In July, the California Department of Fair Employment and Housing sued video-game giant Activision Blizzard, alleging, more or less, that the company has a workplace environment from hell. Regulators said a two-year investigation into the company revealed an alcohol-drenched “frat boy” culture that included inappropriate conduct by executives, men openly joking about rape, and a general “breeding ground for harassment and discrimination against women.” The company called the lawsuit “truly meritless and irresponsible” (though it seemed to have some trouble figuring out how to respond), and more than 2,000 current and former employees responded by putting their names on an open letter that said, “We no longer trust that our leaders will place employee safety above their own interests.” In early August, employees shared their salaries en masse, Bloomberg reported, to pressure the company into confronting pay inequities. One executive, Blizzard head J. Allen Brack, resigned. California has since expanded its suit against the gamemaker, alleging the company shredded documents “related to investigations and complaints.” Activision Blizzard denied these allegations, and the fate of the legal and organizing efforts is uncertain. READ MORE
It’s interesting whenever Elon Musk’s name comes up and people begin discussing his accomplishments, such as the reinvention of money, automobiles and space travel, there’s always someone who says: “Yeah, but I hear he can be a real dick.”
Take that, Elon. READ MORE
The 2018 sci-fi film “Ready Player One” offers a glimpse of what many tech companies prophesize is the Internet’s next big thing.
Inspired by a 2011 Ernest Cline novel, the film’s orphaned teenage hero flees his bleak real-world existence by immersing in a dazzling virtual reality fantasy. The boy straps on his headset, reminiscent of a pair of VR goggles, and escapes into a trippy virtual universe, dubbed “OASIS.” READ MORE
The Covid-19 pandemic has increasingly blurred the lines between our personal and professional lives as millions of Americans continue to work from home on a semi-permanent basis.
But your ability to strike the perfect work-life balance — aside from the strains of the pandemic — may partially depend on your zip code. READ MORE
Former Zillow engineer Jason Tan now calls striking out in his interviews for Microsoft, Amazon and Google the best thing to ever happen to him. It’s what led him to become employee No. 63 or so at Zillow, where he would develop a love for startups and eventually go on to become the founder of fraud detection company Sift.
“Because I was able to witness at Zillow firsthand how much impact I could have and how quickly you could move and how decisions could be made collaboratively … I just really admired that type of environment and I realized that was one of the big benefits that you get by working at a startup,” Tan said. “More impact, more opportunities for growth, and more connectivity to the organization.” READ MORE
The sustainability boom has transferred trillions of dollars to environmental, social and governance funds, bringing new stakeholder-led agendas to corporate executive offices.
Today, the Big Four accounting firms are on the cusp of offering two fascinating opportunities. It’s an opportunity to expand what companies have to explain and rebrand their scandal-stricken professions as experts on climate change, diversity and consumer confidence. READ MORE
When Cowbell, a comfort food restaurant in New Orleans, started requiring proof of vaccination for indoor dining, some customers were less than thrilled.
Cowbell put the rule in place starting July 29, advertising the requirement with a sign on its door and a post to its website. A few weeks later, on August 16, New Orleans began requiring indoor diners to show proof of vaccination or a recent negative Covid-19 test. READ MORE
A delay in the delivery of Intel Corporation's exascale supercomputer to the U.S. Department of Energy's Argonne National Laboratory has created a new opportunity for chipmaker rivals NVIDIA Corporation and Advanced Micro Devices (AMD).
On Wednesday, Argonne unveiled Polaris, a testbed supercomputer made up of 280 of Hewlett Packard Enterprise's Apollo Gen10 Plus systems and powered by 2,240 of NVIDIA's A100 Tensor Core graphics processing units and 560 of AMD's second- and third-generation EPYC processors. READ MORE
The US Department of Justice and the SEC on Wednesday charged the former CEO and co-founder of mobile development testing biz HeadSpin with defrauding investors.
The government's complaint [PDF], filed in a federal district court in San Jose, California, contends that Manish Lachwani, who helped found HeadSpin in nearby Palo Alto in 2015 and served as its CEO until May 2020, raised money by overstating the company's financial performance. READ MORE
Nearly 20 years after she founded Silicon Valley blood-testing company Theranos — which soared to a $9 billion valuation on claims that its machines could conduct a full array of tests on just a few drops of blood — Elizabeth Holmes’ meteoric rise and dramatic fall will be laid bare in federal court, exposing Silicon Valley’s most infamous startup failure.
Nationwide interest in the proceedings, one of the highest-profile criminal cases in Bay Area history, has been primed by two documentaries, a best-selling book and news that Jennifer Lawrence will star as Holmes in an upcoming movie. READ MORE
The debate over remote work, office culture, how to manage teams of distributed staff and the like continues. With the delta variant of COVID-19 pushing back office return dates for many companies, there’s still a healthy argument over what the future of work will look like.
But while large companies hem and haw their way through the present, it’s my view that the debate is largely over and that startups have won it. READ MORE
Facebook critics have cheered as the Biden administration trained its sights on the company for practices that federal regulators say invade people's privacy, unfairly squash rivals and more generally maintain its stranglehold on the social media world. The recently expanded lawsuit filed by the Federal Trade Commission openly characterizes co-founder Mark Zuckerberg as an old-school monopolist, raising the hopes of detractors and rivals alike that the government may even push to smash his brainchild into pieces. READ MORE
It's time to stop forcing the vaccinated majority of Americans to accommodate those who refuse to take this simple step -- especially now that at least one Covid-19 vaccine has been fully approved.
The surge in infections caused by the coronavirus' highly contagious Delta variant has made it clear that the unvaccinated pose a deadly risk to others and themselves. Vaccinated workers, students, airline passengers and others who go out in public should not have to bear the risks and huge financial costs that the unvaccinated are imposing on society. READ MORE