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☆ Activist Elliott settles for a new director at Sensata. These next steps may help boost shares
▼ + stars: | 2024-05-11 | by ( Kenneth Squire | ) www.cnbc.com time to read: +7 min

Business: Sensata Technologies is an industrial technology company that develops, manufactures and sells sensors, electrical protection components and other products. Activist Commentary: Elliott is a very successful and astute activist investor. Elliott often watches companies for many years before investing and has an extensive stable of impressive board candidates. At the same time, Sensata also noted that Elliott settled for a board seat for Phillip Eyler (president and CEO of Gentherm), effective on July 1. As Sensata sensors are used in both combustion and electric vehicles, the current trend to hybrid gives the company a sort of 2-for-1 demand for its products.

Persons: Elliott, Jeff Cote, Martha Sullivan, Sensata, Phillip Eyler, Russell, Sullivan, Eyler, Ken Squire Organizations: Sensata Technologies, Xirgo Technologies, SmartWitness Holdings, 13D Locations: COOs, Cote, Sensata

☆ Universities Anticipate Disruptions to Graduation Ceremonies
▼ + stars: | 2024-05-11 | by ( Victoria Kim | ) www.nytimes.com time to read: +6 min

The virtual meeting was attended by several hundred members of the Senate, which includes all faculty members who meet certain criteria. A vote of no confidence in Mr. Block would have been the harsher of the two measures. Mr. Block, 75, did not comment on the resolutions on Friday. Medical school faculty members described hearing from medical students and residents who had been attacked as they tried to treat injured protesters. will join a list of universities whose faculty and staff have united with protesters to rebuke their administrators’ handling of pro-Palestinian demonstrations.

Persons: Counterprotesters, Gene Block, ”, Carlos Santos, U.C.L.A, Block, Tom Jackson Jr, counterprotesters, Mark Abramson, “, Matt Barreto, Mr, Barreto Organizations: Senate, University of California, Legislative Assembly, Luskin School of Public Affairs, Medical, University of Southern, The University Senate, California State Polytechnic University, Humboldt, Police, California, Patrol, The New York Times, Jewish Federation Los Angeles Locations: U.C.L.A, Los Angeles, University of Southern California

New York CNN —Prosecutors in Donald Trump’s hush money trial dove into the paper trail at the heart of their case on Monday, revealing to jurors exactly how Michael Cohen was repaid by Trump’s trust and personal accounts in 2017 after he paid hush money to Stormy Daniels. Here are the takeaways from day 12 of the Trump hush money trial:Judge threatens to jail TrumpMerchan began Monday’s session by announcing he found Trump in contempt for violating his gag order a 10th time, after fining him last week for nine violations cited by prosecutors. Both of the witnesses worked for Trump for decades – Tarasoff still works for the Trump Org. Trump fully turned in his chair to watch Tarasoff’s testimony when his attorney, Blanche, began his cross-examination of the Trump Org. was like a “family-run business.”Eric Trump, who is still in charge of the Trump Org., and attorney Alina Habba, who represented Trump Org.

Persons: Donald Trump’s, Michael Cohen, Stormy Daniels, Cohen, Juan Merchan, Trump Merchan, Trump, fining, fining Trump, Mr, ” Merchan, ”, ” Trump, Merchan, Daniels, Jeffrey McConney, McConney, Deborah Tarasoff, ” McConney, CNN Tarasoff, Donald J, “, David Pecker, Keith Davidson –, Allen Weisselberg, Daniels ’, Davidson, Cohen –, who’ve, Emil Bove, Weisselberg, ” Tarasoff, Todd Blanche, – Tarasoff, “ You’re, ‘, Blanche, ” Eric Trump, Alina Habba, Tarasoff, Eric Trump Organizations: New, New York CNN — Prosecutors, Trump Organization, Trump, Trump Org, Trust, CNN, White, Trump Revocable Trust, Consultants Locations: New York, Washington, McConney, Sharpie

☆ Workday Has Become the Most-Hated Workplace, Business Software
▼ + stars: | 2024-05-06 | by ( Matt Alston | ) www.businessinsider.com time to read: +13 min

Every HR professional and hiring manager I spoke with — whose lives are supposedly made easier by Workday — described Workday with a sense of cosmic exasperation. "Workday does not have oversight or control of our customers' job application processes.") If candidates hate Workday, if employees hate Workday, if HR people and managers processing and assessing those candidates and employees through Workday hate Workday — if Workday is the most annoying part of so many workers' workdays — how is Workday everywhere? (Workday's "customers choose the frequency at which they conduct reviews, not Workday," said the spokesperson.) "HR software sucking" is a big tent.

Persons: you'd, Workday's, —, David Duffield, Teladoc, UKG, Cory Doctorow, It's, He'd, Matt Alston's, Stone Organizations: Fortune, Netflix, Goodwill, Spotify, Washington Post, Ohio State University, FedEx, Nintendo, Honda, LinkedIn, IBM, Oracle, Bank of America, Automation, Rippling, Systems, Facebook, Wired Locations: San Francisco, Amazon's, It's, Bonusly, Maine

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
▼ + stars: | 2024-05-01 | by ( Gretchen Morgenson | ) www.cnbc.com time to read: +13 min

Cash App, introduced in 2013, allows users to send and receive money instantaneously among themselves and to buy stocks and Bitcoin. As of December, Cash App had 56 million active transacting accounts and $248 billion in inflows during the previous four quarters, the company said. (Merchants are considered customers at Square, while users are considered customers at Cash App.) Cash App is not a bank, but it uses external banking partners to conduct various services. On March 29, Sutton Bank settled a consent order with the Federal Deposit Insurance Corp. that echoed the whistleblowers' allegations.

Persons: Jack Dorsey, Block, Venezuela —, Edward Siedle, Prosecutors, Cash, OFAC, Lawrence Summers, Sharon Rothstein, Summers, Rothstein, Lord Paul Deighton, Goldman Sachs, Deighton, Dorsey, Banks, Sutton, James Booker Organizations: Twitter, Southern, of, NBC, NBC News, Securities and Exchange Commission, Block, Foreign Assets Control, U.S . Treasury, Cash, OFAC, Goldman, Financial Market, Bank of Lithuania, Payments Lithuania UAB, PayPal, Consumer Finance Protection Bureau, Sutton Bank, Federal Deposit Insurance Corp, FDIC Locations: of New York, Cuba, Iran, Russia, Venezuela, Ohio, Sutton

CNN —The third week of the Donald Trump criminal hush money business fraud trial will resume Tuesday with the Manhattan district attorney’s office continuing to be secretive about it its plan of attack. In court, they said they would not give Trump’s legal team much in an effort to avoid subjecting witnesses to Trump’s social media wrath before they take the stand. He described a tabloid media landscape where America Media Inc. did Trump’s bidding ahead of the 2016 election with Cohen as Trump’s liaison. Trump’s longtime assistant Rhona Graff also testified Friday, telling the jury she remembers seeing Daniels at Trump’s office once years before the 2016 election. Graff – whose lawyers are paid for by Trump – testified that she input the contact information for Trump.

Persons: Donald Trump, Michael Cohen’s, Trump, Juan Merchan, he’s, Michael Cohen, Stormy Daniels, Merchan, Cohen, Gary Farro’s, Farro, Daniels, Karen McDougal’s, David Pecker, Trump’s, Rhona Graff, McDougal, Graff –, Trump – Organizations: CNN, Prosecutors, Trump, AMI, America Media Inc, Trump Organization Locations: Manhattan, Delaware

☆ Surprise Tactics and Legal Threats: Inside R.F.K. Jr.’s Ballot Access Fight
▼ + stars: | 2024-04-29 | by ( Rebecca Davis O Brien | ) www.nytimes.com time to read: +1 min

As Robert F. Kennedy Jr.’s independent presidential campaign mounts a bruising state-by-state battle for ballot access, he has often credited enthusiastic volunteers and grass-roots backers with driving the effort. In fact, the operation has become increasingly reliant on consultants and paid petitioners whose signature-gathering work has yielded mixed results and raised questions of impropriety, even among Mr. Kennedy’s fans. In order to get Mr. Kennedy on the ballot in all 50 states, as is his goal, his campaign has deployed a multipart strategy: aggressive legal action, shrewd political alliances and surprise filing tactics meant to slow or prevent challenges. The effort has already cost his campaign hundreds of thousands of dollars, and a supporting super PAC at least $2.4 million more, federal campaign finance records show. Their success is what will make or break Mr. Kennedy’s campaign.

Persons: Robert F, Kennedy Jr, Kennedy

☆ I'm a federal prison consultant. Here's how I went from being in prison to helping clients get ready to go behind bars.
▼ + stars: | 2024-04-28 | by ( Katie Balevic | ) www.businessinsider.com time to read: +6 min

AdvertisementThis as-told-to essay is based on a conversation with Sam Mangel, a federal prison consultant with his own firm. Mangel went into the field after pleading guilty to wire fraud in an insurance fraud scheme and being sentenced to time in prison. That's when I realized that to a criminal defense attorney, you're just a number. I ask myself how can I help clients in a non-legal manner get the best outcome at sentencing? Because I got to tell you, you're in prison, you're going to get three meals a day, you're going to get your clothes cleaned, you're going to have a place to sleep.

Persons: Sam Mangel, Mangel, —, hadn't, COVID, it's, They've, they're Organizations: Service, FBI Locations: Florida, Philadelphia

☆ With YouTube Booming, Podcast Creators Get Camera-Ready
▼ + stars: | 2024-04-26 | by ( Reggie Ugwu | ) www.nytimes.com time to read: 1 min

For its new podcast studio in Burbank, Calif., Exactly Right Media — the company behind hit shows like “My Favorite Murder” and “This Podcast Will Kill You” — made several investments in high-end audio equipment: soundproofing, microphones, a dedicated control room. But that was only half the job. Next, it purchased half-a-dozen video cameras with the help of consultants, hired a set designer and a lighting designer, and found someone to build the scaffolding from which the new equipment would hang. “We got the best truss guy in the city,” said Danielle Kramer, the company’s chief operating officer.

Persons: —, ”, Danielle Kramer Locations: Burbank , Calif

CNN —Jurors will now have a three-day weekend to think about what they heard during the first full week of testimony in the historic Donald Trump hush money trial. In one instance, Bove pointed to FBI notes from a 2018 interview, where agents had written that Pecker testified Trump did not thank him or AMI during a January 6, 2017, meeting at Trump Tower. In that interview, Pecker testified that Trump had in fact thanked him during that 2017 Trump Tower meeting. Trump cracks a smile for his longtime assistantTrump’s longtime assistant Rhona Graff testified for less than an hour. He replied, “Of course I do.”Graff no longer works for Trump, but she spoke positively about her experience at the Trump Organization and having Trump as a boss.

Persons: Donald Trump, David Pecker, pummel, Stormy Daniels, Michael Cohen, Trump’s, Rhona Graff, Cohen, Trump, Karen McDougal’s, Banker Gary Farro, Daniels, Farro, He’s, Emil Bove, Pecker, Bove, McDougal, Prosecutors, Joshua Steinglass, Steinglass, Karen McDougal, ”, Graff, Susan Necheles, ” Graff, “, humanize Trump, ” Trump, Hope Hicks Organizations: CNN, American Media Inc, National Enquirer, Trump Organization, Trump, First Republic Bank, AMI, Trump Tower, Trump Org, ” Defense Locations: Delaware

☆ IBM to acquire HashiCorp in $6.4 billion deal, reports another revenue miss
▼ + stars: | 2024-04-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

On Tuesday, The Wall Street Journal reported that IBM was getting close to acquiring HashiCorp, sending shares upward. In 2021 HashiCorp shares started trading on the Nasdaq. HashiCorp shares moved 4% higher in extended trading following the acquisition announcement. Revenue from software, at $5.90 billion, increased about 6% and was below the $5.96 billion consensus among analysts surveyed by StreetAccount. Notwithstanding the after-hours move, IBM shares are up about 13% so far this year, outperforming the S&P 500 index, which is up 6% over the same period.

Persons: Arvind Krishna, Dave McJannet, Rob Thomas, IBM's, HashiCorp Organizations: Economic, IBM, HashiCorp, Street Journal, Bloomberg, Linux, Nasdaq, LSEG, StreetAccount, Weather Company, Francisco Partners Locations: Davos, Switzerland

☆ ByteDance, TikTok shelled out $7 million on lobbying and ads to combat potential U.S. ban
▼ + stars: | 2024-04-23 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

TikTok spent over $4.5 million this year on a television and digital ad campaign pushing back on legislation that could ban the app, according to data from AdImpact. The Senate first passed a procedural vote on a foreign aid package that contains the new TikTok legislation. It marks the most Urban's firm, LGL Advisors, has been paid by ByteDance in a given quarter, according to federal lobbying data. The most ByteDance previously spent on lobbying in the first quarter was in 2023 for over $1.8 million, according to data from OpenSecrets. ByteDance and TikTok spent over $8 million on lobbying in 2023.

Persons: ByteDance, TikTok, Joe, doesn't, David Urban Organizations: National Security Council, Management, Budget, U.S . Trade, U.S, Senate, LGL Advisors, ByteDance Locations: China, United States, Washington, OpenSecrets

☆ By 2054, there will be 422,000 Americans over age 100. That poses a financial challenge
▼ + stars: | 2024-04-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

By 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 in 2024, according to a Pew Research Center analysis of U.S. Census Bureau data. What's more, the centenarian population has nearly tripled in the last three decades alone, according to Pew. Among the best ways to hedge against outliving one's savings is by working longer, according to retirement experts. That may be more necessary as employers have offloaded responsibility for retirement savings onto workers' shoulders, by shifting from pensions to 401(k)-type retirement plans. "People need to be prepared to work longer," he said.

Persons: Artur Debat, Pew . Irving Piken, Piken, Mark Rightmire, John Scott, Barry Glassman, Glassman, Pew's Scott, Scott Organizations: Pew Research, Census, Pew ., Woods Community, MediaNews, Orange, Getty, Finance, Wealth Services, Reference, Workers, Social Security, Security Locations: U.S, California

☆ How Trump’s Failures in New York Are Prelude to His Presidency and Trial - The New York Times
▼ + stars: | 2024-04-17 | by ( Elizabeth Spiers | ) www.nytimes.com time to read: +2 min

With jury selection underway in Donald Trump’s criminal trial in Lower Manhattan, the former president’s chickens have finally come home to roost. It feels uniquely appropriate that Mr. Trump will have to endure the scrutiny on his old home turf. He rose to fame here, but was never truly accepted by the old money elites he admired. Gossip columnists at his favored tabloids often received tips from Mr. Trump about himself, even about his own sexual escapades, under the pseudonym John Barron. Mr. Trump expressed interest in the presidency starting in the late 1980s, took steps in that direction in 2000 and considered it again in 2012 before being elected in 2016.

Persons: Donald Trump’s, Trump, ”, —, John Barron Organizations: Mr, Spy Locations: Lower Manhattan, New York City, New York, Queens

☆ I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
▼ + stars: | 2024-04-17 | by ( Jane Zhang | ) www.businessinsider.com time to read: +10 min

This as-told-to essay is based on a conversation with a former McKinsey & Company associate who worked at the company for one and a half years. AdvertisementSome associate partners and partners were meanThe people at McKinsey were both the best and worst parts of my experience. The analysts and associates were all cool, but a few associate partners and partners were mean. I took a mental health break because I couldn't do it anymoreAfter about a year of working at McKinsey, I took a three-month mental health leave. But I also think it was going on mental health leave was inevitable, given the kind of people I ran into.

Persons: I'd, It's, they'd, I've, hysterically, I'm, hasn't, would've, Jane Zhang Organizations: McKinsey & Company, McKinsey, Business, Excel, McKinsey couldn't Locations: janezhang@businessinsider.com

☆ Miami shows how a new kind of gentrification is coming to US cities
▼ + stars: | 2024-04-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

Miami has one of the hottest real estate markets in the country. Real estate developers are promoting new housing in drier parts of the city as an escape from regular flooding, researchers have found. And Miami is far from alone — coastal flooding, extreme heat, and other climate impacts are affecting cities across the country. And Miami residents are spending a larger share of their income on housing these days. The rent-to-income ratio in Miami has risen from 35.9% in 2019 to 37.0% at the end of last year, according to Moody's.

Persons: Moody's, Pedro, — Organizations: Service, Business, Liberty, Dade, McKinsey & Company, Miami Locations: Miami, South Florida, Little Haiti, Liberty City, — Miami, Florida, Dade County

The "Big Four" accounting firms employ about 1.3 million people worldwide. Business Insider analyzed data to determine how much accountants and consultants are paid at these firms. AdvertisementThe so called "Big Four" accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. Business Insider analyzed the US Office of Foreign Labor Certification's 2023 disclosure data for permanent and temporary foreign workers to find out what PwC, KPMG, EY, and Deloitte paid US-based employees for jobs ranging from entry-level to executive roles. AdvertisementHere's how much Deloitte, PwC, KPMG, and EY paid their hires.

Persons: —, Ernst, Young, EY Organizations: Service, Deloitte, PricewaterhouseCoopers, KPMG, Business, of Foreign Labor, EY, PwC

CNN —A mayoral candidate has been assassinated and three others injured in a shooting in the Mexican city of Celaya, in the latest violence to mar the run-up to the country’s looming general election. Gaytán’s death is the latest in a spate of killings that have taken place in the run-up to Mexico’s general election, which is expected to be held on June 2. Bertha Gisela Gaytán From Bertha Gisela GaytánGaytán had been campaigning for Morena, the party of Mexican President Andrés Manuel López Obrador. Criminal gangs are known to finance campaigns during election season, intimidating candidates and violently intervening to compel politicians to cooperate with them, according to a report from Integralia Consultants. Shortly before Monday’s attack, Gaytán had told a political rally that she had requested security.

Persons: CNN —, Bertha Gisela Gaytán, San Miguel Octopan, Adrián Guerrero, Guerrero, Bertha Gisela Gaytán Gaytán, Morena, Andrés Manuel López Obrador, Lopez Obrador, ” Morena, ”, Gaytán, ” Gaytán, Diego Sinhue Rodríguez Vallejo Organizations: CNN, Celaya, Federal Public Security, Authorities, Integralia Consultants Locations: Mexican, Celaya, San Miguel, Guanajuato, Celaya’s, Mexico’s, Mexico

☆ Disney and its rivals are breaking spending records for this week's shareholder fight
▼ + stars: | 2024-04-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Disney's proxy battle is expected to cost the company and rival hedge funds at least $70 million. Retail investors make up a big chunk of Disney shareholders, and it's expensive to reach them. The outcome of the shareholder vote could change Disney's direction, but its impact is still unclear. AdvertisementThis week's big Disney shareholder vote is supposed to be a seismic event — a referendum on the future of one of the world's most important entertainment companies. But we can definitively say that the Disney proxy battle, which concludes on Wednesday, has been a nice boost for a collection of consultants and media companies.

Persons: —, — Nelson Peltz's, Bob Iger Organizations: Disney, Service, New York Times, Vanguard, Partners, Okapi Partners, Business

☆ Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven't in decades
▼ + stars: | 2024-03-31 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

For Chipotle, it's the first stock split in the company's 30-year history, and its announcement echoed Walmart's. Both are hoping, through the availability of an employee stock purchase plan and financial education, they'll get more workers to invest. Chipotle, even further out on the market chart, has shares nearing $3,000 — its stock split is to be effective June 26. ESPP versus fractional sharesEven without a stock split, employees could have already purchased shares of their company, or at least fractional shares, through a brokerage account. Company stock and financial educationSplitting a stock and having a generous ESPP can only go so far when it comes to encouraging employees to buy the company stock.

Persons: they'll, Michael Kestenbaum, Chipotle, Dan Kapinos, Clemens Kownatzki, Aalap Shah, Pearl Meyer, SoFi, Kownatzki, Larry Fink, Kestenbaum Organizations: Walmart, Companies, West Coast, Google, Pepperdine Graziadio Business, Khan Academy, Lyra Health Partners, Bank of America, Employees Locations: Aon

☆ Sam Bankman-Fried could go to a low-security prison and get out early if he plays his cards right, prison consultants say
▼ + stars: | 2024-03-29 | by ( Katie Balevic | ) www.businessinsider.com time to read: +5 min

A court sentenced Sam Bankman-Fried, the fallen king of crypto, to 25 years in prison on Thursday. Advertisement"In my opinion, he's going to a low-security facility, not to a medium. It would be a PR disaster if he went to a medium and got hurt," prison consultant Sam Mangel told BI. I don't think he's going to have a problem with physical harm or rape or anything like that. "He's going to want to do things to pass the time."

Persons: Sam Bankman, he'll, SBF's, Lewis Kaplan, he's, Sam Mangel, Mangel, Fried, Maureen Baird, Baird Perdue, Baird, Judge Kaplan, Jane Street, Kaplan Organizations: Service, Business, Federal Bureau of Prisons, San Francisco Bay Area, Prisons, Baird Perdue & Associates, Jane, Capital Locations: Manhattan, San Francisco Bay, New York, California

☆ Voting rule changes: Republicans push ballot measures in key battleground states
▼ + stars: | 2024-03-29 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +10 min

CNN —Republican lawmakers and activists in several presidential battlegrounds are pushing ballot measures to change how elections are run in their states. And in Arizona, a so-called ballot referral moving through the Republican-controlled Legislature would upend the state’s widely used, no-excuse vote-by-mail system. Constitutional amendments in Wisconsin and ballot referenda in Arizona are not subject to the approval of governors in those states. “Wisconsin’s status as a swing state makes election integrity measures important locally, nationally and internationally.”If approved, the Wisconsin measures would be in effect for this year’s elections. Katie Hobbs has vetoed a raft of legislation – ranging from efforts to get rid of red-light cameras to prohibiting ranked-choice voting in the state’s elections.

Persons: ”, Jay Heck, Donald Trump, Joe Biden, Sen, Eric Wimberger, Mark Zuckerberg, Priscilla Chan, Zuckerberg, Tony Evers, Will Flanders, –, who’s, Debra Cronmiller, Katie Hobbs, Hobbs ’, Alex Gulotta, “, Wendy Rogers, Rogers, Wisconsin’s, noncitizens Organizations: CNN, Republican, GOP, Silver State, Tuesday ., White House, Center for Tech, Republicans, Democratic, National Conference of State Legislatures, Wisconsin Institute of Law and Liberty, Badger State, League of Women Voters of, Phoenix New Times, Phoenix, Clark County Republican Party, Wisconsin, New, New York City Locations: Wisconsin, Nevada, Silver, Arizona, Tuesday . Arizona, League of Women Voters of Wisconsin, Maricopa County, ” Arizona, Clark, New York City, York, New York

☆ McKinsey amps up pressure on staff to perform as the consulting business slows
▼ + stars: | 2024-03-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

McKinsey sent memos to some staff that the clock is ticking for a promotion, Bloomberg reported. The consulting business is rough right now as business dries up. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Consulting firm Deloitte embarked on a massive overhaul of its global operations to cut costs. "We have always maintained a high bar for performance and for attracting and developing exceptional people," a spokesperson for McKinsey told Business Insider by email.

Persons: — Organizations: McKinsey, Bloomberg, Service, Management, McKinsey & Co, Accenture, Deloitte Locations: North America

☆ Inside the AI talent-hiring frenzy
▼ + stars: | 2024-03-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe fight to hire the best AI talent is heating up as companies large and small compete in the race to create the best products in the booming sector. Last week, Mustafa Suleyman, the cofounder of Google's DeepMind, left his startup Inflection AI to lead tech giant Microsoft's consumer AI division as CEO. "AI talents are some of the most highly compensated in today's job market," Alex Libre, the cofounder and principal recruiter of Einstellen Talent, a service that matches job candidates with generative AI startups, told BI. Related stories"There is undoubtedly a shortage in AI talent," Libre says.

Persons: —, Mustafa Suleyman, Google's DeepMind, Aravind Srinivas, pricey, Sam Altman's, OpenAI, Salesforce, J.T, O'Donnell, Alex Libre, He's, They're, Ray, Flavien, Coronini Organizations: Service, Meta, Business, Big Tech, Companies, Tech, Libre, Big, . Workers, Microsoft

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