In the search for workers in this tight labor market, companies have courted new hires with the promise of higher wages, sign-on bonuses, ample vacation time, and childcare.
The latest: "No vaccine required." READ MORE
Why giant companies are suddenly splitting into pieces
Breaking up is the newest craze for ginormous global companies. Johnson & Johnson, Toshiba and GE announced plans to split into multiple entities this week. The trend may have only just begun.
Conglomerates are big and unwieldy. Wall Street hates them, because it doesn't know how to value them properly. CEOs and corporate boards are finally getting the message: Nimble is the new big. READ MORE
Elon Musk reveals 'worst person' he's ever worked with
Tesla co-founder and CEO Elon Musk slammed the company’s co-founder Martin Eberhard on Twitter on Friday, calling him the "worst person" he’s ever worked with and accusing him of nearly "killing Tesla."
"Founding story of Tesla as portrayed by Eberhard is patently false," Musk tweeted Friday. "I wish I had never met him. Eberhard is by far the worst person I’ve ever worked with in my entire career. Given how many people I’ve worked with over the years, that’s really saying something." READ MORE
Feeding Frenzy
Three weeks ago, “someone” floated the idea of PayPal buying Pinterest. PYPL plunged 5% the next day (shedding the value of Under Armour) and the company then denied the rumors. Our thesis: PayPal’s management leaked the story as a trial balloon, and let it float away when the market threw up on the notion of PinPal (couldn’t resist). READ MORE
Rivian is America's biggest IPO since Facebook
Rivian, the electric vehicle maker backed by Amazon (AMZN) and Ford (F), made its Wall Street debut on Wednesday, surrounded by mania that befits a market that appears to be defying gravity.
What's happening: The company priced its stock above the expected range at $78 apiece, allowing it to raise an estimated $11.9 billion. That's the biggest haul for a US firm since Facebook brought in $16 billion in 2012. READ MORE
America's prices are surging more than they have in 30 years
There's no end in sight for higher prices. US consumer price inflation surged higher again in October, the Bureau of Labor Statistics reported Wednesday.
Over the past 12 months, prices climbed 6.2% -- the biggest increase since November 1990. READ MORE
Onsite COVID testing tech has arrived—but there’s a catch
Following last week’s announcement of the new OSHA guidelines mandating that firms with more than 100 employees that do not require vaccinations provide proof that unvaccinated employees are tested weekly, HR technology providers are offering tools and services for both remote and onsite COVID-19 testing. READ MORE
From obscurity to superhero: Chief supply chain officer is now the toughest job in the C-suite
At most companies, the glory in the C-suite has typically gone to the executives who dream up new products, plot bold market expansions, or out-innovate the competition with money-gushing patents. Think Target’s chief merchant or Tesla’s CFO.
But this is 2021. READ MORE
How Moderna’s people strategy helped bring the COVID vaccine to market
Two years ago, few people outside of biopharmaceutical circles had likely heard of the company Moderna. Now, it’s a household name—thanks to its COVID-19 vaccine, which received emergency use authorization by the U.S. Food & Drug Administration at the end of 2020. As of last week, more than 156 million Moderna COVID vaccines have been administered in the U.S. READ MORE
Silicon Valley is not on trial in the Elizabeth Holmes case. Classic fraud is
As the Elizabeth Holmes trial unfolds, the audacity of the alleged scheme becomes clearer by the day. The purported lies are big, the sums of money staggering, the boldface names riveting. But perhaps what is most remarkable about the case is how unremarkable it is as a legal matter. Many have suggested that the culture of Silicon Valley is on trial — the infamous "fake it 'till you make it" ethos of founders. But the trial is really about classic fraud, just in a glossy form and a high-tech context. READ MORE
There could be a seismic shift in the labor market. Here's why
America's job market is showing signs of strength — welcome news after a choppy summer.
What's happening: The US economy added 531,000 jobs in October, according to government data released Friday. That's stronger than in August and September, though gains for both months have been revised higher. READ MORE
Facebook … What To Do?
Don Draper suggested that when you don’t like what’s being said, you should change the conversation. Facebook is trying to change the conversation to the Metaverse. But we should keep our eyes on the prize, and not look stage left so the illusionist can continue to depress teens and pervert democracy stage right. In sum, nothing has changed. And something (likely many things) needs to be done to stop the most dangerous person on the planet. I first wrote the preceding sentence three years ago; it seems less novel or incendiary today. READ MORE
Democrats' spending bill could give four weeks of paid leave to people without jobs
The latest version of the House Democrats’ massive $1.7 trillion reconciliation bill contains a provision guaranteeing four weeks of federal paid medical and family leave, even if you’re unemployed.
The provision in question is buried deep in the Build Back Better Act as Democrats desperately try to get legislation across the finish line after a GOP trouncing at the polls on Tuesday. READ MORE
Nearly half of board members want to fire a colleague
A survey from PwC of around 800 corporate directors found that 47% believe a fellow director on their board should be replaced, and of those almost one-fifth (18%) believe multiple directors should leave. READ MORE
How Tyson Foods Got 60,500 Workers to Get the Coronavirus Vaccine Quickly
When Tyson, one of the world’s largest meatpacking companies, announced in early August that all of its 120,000 workers would need to be vaccinated against the coronavirus or lose their jobs, Diana Eike was angry. Eike, an administrative coordinator at the company, had resisted the vaccine, and not for religious or political reasons like many others here in her home state.
“It was just something personal,” she said. READ MORE
These are the people still most likely to quit during the next wave of the Great Resignation
The hottest trend in 2021 isn’t some fad on social media or a creative new baking recipe, it’s quitting your job, and it’s taken the U.S. workforce by storm. READ MORE
4 Must-Know Tips For Building A High-Growth Startup
All startups have the same goals; develop an innovative product, find your market fit, and exit through an acquisition or IPO. Yet, very few achieve these goals. Even if they’ve built a product that blows the market away, the majority of startups fail. While some companies may suffer from a lack of product-market fit or a lackluster sales strategy, many don’t make it far because of mundane reasons. READ MORE
Inside Q4’s Action-Packed IPO Pipeline, Including The Year’s Biggest Expected Offering
This year has already been a record one for IPO volume, and by all accounts the final quarter of 2021 is set to continue that momentum with anticipated Wall Street debuts from big venture-backed companies including Weave, Expensify and—the largest expected offering of the year—electric-truck maker Rivian.
Fourteen companies went public last week in the U.S., according to IPOScoop, with Rent the Runway and Udemy among the notable public debuts for tech companies. READ MORE
Americans take essential work ‘for granted’
As American workers are leaving their posts due to coronavirus vaccine mandates, the country’s gap in filling essential jobs worsens and FOX Business’ "How America Works" host Mike Rowe says it’s no secret why.
Rowe told "Fox News Primetime" that the issue has always lied in what Americans value, which includes turning a blind eye to blue-collar careers. READ MORE
Can Supersonic Air Travel Fly Again?
Despite the promise of two-hour flights from New York to Los Angeles, the supersonic airline industry never really got off the ground. That is largely because of physics: specifically, the sonic boom, the thunderclap noise made when an aircraft breaks the sound barrier, which essentially doomed supersonic aviation as a viable business. READ MORE