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☆ My boyfriend and I live together, and if we need space, we schedule 'rot time' to decompress. It's the key to our relationship.
▼ + stars: | 2024-05-18 | by ( Meredith Wilshere | ) www.businessinsider.com time to read: +4 min

For the first few months, we wanted to spend every minute together, excited about this new phase of our relationship. We decided to consciously depersonalize the need to decompress by doing something called "rot time." Meredith Wilshere says her relationship has improved with better communication about the need for alone time. This way, we don't have to feel guilty about taking what we need, when we need it, without feeling like we're neglecting each other. Conversations and communication remain crucial to the health of our relationship, and "rot time" helps us decompress.

Persons: Meredith Wilshere

☆ OpenAI founders Sam Altman and Greg Brockman go on the defensive after top safety researchers quit
▼ + stars: | 2024-05-18 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

OpenAI's Ilya Sutskever and Jan Leike, who led a team focused on AI safety, resigned. Founders Sam Altman and Greg Brockman are now scrambling to reassure everyone. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTwo of OpenAI's founders, CEO Sam Altman and President Greg Brockman, are on the defensive after a shake-up in the company's safety department this week. Sutskever and Leike led OpenAI's super alignment team, which was focused on developing AI systems compatible with human interests.

Persons: OpenAI's Ilya Sutskever, Jan Leike, Sam Altman, Greg Brockman, —, Ilya Sutskever, Leike Organizations: Service, Business

☆ Welcome to the club: You're middle class but still counting your pennies
▼ + stars: | 2024-05-18 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

The middle class is more of a club than an income bracketThe ranks of middle-income earners have been shrinking, according to the Pew Research Center. A solid chunk of millionaires consider themselves middle class, despite accounting for just over 12% of American families. And there's good reasons," Lawrence R. Samuel, the author of the book "The American Middle Class: A Cultural History," told Business Insider. "Being middle class is almost like classless. Clinging to at least the mirage of the middle class might be important to upholding more core American ideals.

Persons: —, they're, Claire Tassin, Tassin, they'd, ALICE, Amanda, She's, there's, Rakesh Kochhar, That's, Kochhar, Lawrence R, Samuel, we're Organizations: Service, Business, Pew Research, Pew Research Center Locations: America, Texas

With average credit card interest rates at 21.59% as of February 2024 per the Federal Reserve, carrying any amount of credit card debt can become costly in a hurry. Can a debt consolidation loan actually make debt worse? "Their credit score tanks, which means they can't get another debt consolidation loan or even a credit card," said Dvorkin. Debt consolidation doesn't solve spending issuesFinancial expert Andrea Woroch points out that debt consolidation may be nothing more than a Band-Aid if you don't identify and fix the poor money management habits that got you into debt in the first place. Some debt consolidation loans have additional risksFinally, remember that some types of loans you can use for debt consolidation have a unique set of risks.

Persons: Howard Dvorkin, they're, Andrea Woroch, Kendall Meade, SoFi, Meade, Anne Lester, Lester Organizations: Federal Reserve, Business, Solutions, Asset Management

☆ Why Warren Buffett's record $189 billion cash pile isn't the market-crash signal some say it is
▼ + stars: | 2024-05-18 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Berkshire Hathaway is sitting on a record pile of cash at $189 billion. Putting Berkshire's cash pile into perspectiveInstead of measuring Berkshire Hathaway's cash position on an absolute basis, investors are better off measuring the cash pile as a percentage of Berkshire's total assets, according to Bloomstran. Berkshire Hathaway's $189 billion cash is actually at a pretty normalized level, and well below its peak of nearly 40% in 2004. At the time, the S&P 500 was trading near record highs, Apple was the biggest company in the world, and Berkshire Hathaway's absolute cash pile was at a record. with regards to Berkshire's cash pile at this year's annual shareholder meeting, the legendary investor responded:Advertisement"We only swing at pitches we like."

Persons: Berkshire Hathaway, Chris Bloomstran, —, Warren Buffett, Buffett, couldn't, Semper Augustus, Bloomstran, Berkshire Hathaway's, there's, Apple, He's, shouldn't Organizations: Service, Berkshire, Business, Berkshire Hathaway's, Apple Locations: Berkshire, That's

☆ Ukraine can still beat Russia. It just comes down to enough Western aid.
▼ + stars: | 2024-05-18 | by ( Michael Peck | ) www.businessinsider.com time to read: +9 min

With 14 to 21 well-equipped brigades, Ukraine could eject Russian forces from all Ukrainian territory, according to an American expert. One is Ukraine amassing a sufficiently powerful ground combat force that can defeat the estimated 500,000 Russian troops in Ukraine. With Russian forces solidly dug in behind minefields and fortifications across eastern and southern Ukraine, that Baltic scenario bears similarities to the situation that Ukraine faces today. Given sufficient quantities of munitions, Ukraine could inflict enough losses to decisively attrit Russian forces that have already sustained an estimated 500,000 casualties. He started with a 2023 Estonian Ministry of Defense plan that laid out a roadmap for Ukraine to defeat Russia.

Persons: one's, Michael Bohnert, Bohnert, isn't, Chasiv, — Bohnert, they've, Andrei Belousov, Putin, Michael Peck Organizations: Service, Business, RAND Corp, RAND, US Army, NATO, Russian, Anadolu, Getty, Estonian Ministry of Defense, Atlantic, Storm, Bohnert, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, American, Russia, Russian, Baltic States, United States, U.S, Chasiv Yar, Estonian, Iraq, Afghanistan, Europe, America, China, Israel, Forbes

☆ For working moms, it's some good news and some bad news
▼ + stars: | 2024-05-18 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Read previewFor working mothers, it can sometimes feel like even when there's good news, there's also bad news. Just this week, several stories drove home some of the things that parents and working women already have sensed. But it's a good signal for working moms. The chart shows that since 2015, the percentage of women working across all those groups has gone up in the last 10 years. It's that same mix for the state of working moms — not all good, but not all bad.

Persons: —, there's, Emily McCrary, Ruiz, Esparza, Hewlett Packard, That's, it's, Rachel M, Cohen Organizations: Service, Business, Hewlett, Bloomberg, Free, New York Times Reading

☆ A stock trader who's up nearly 200% this year shares the filter that finds high-conviction plays, and explains how he doubles down during earnings season using the same process
▼ + stars: | 2024-05-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

This time, he stuck to the spot market, both day trading and swing trading. AdvertisementHis next filter is stocks trading above $1 to avoid any really volatile penny stocks. All this is done before the stock market opens. He doubles down with this filter by using it during earnings season as well. He determined that $2.48 was a resistance point based on where selling pressure appeared during the previous month's chart.

Persons: James Hatzigiannis, William O'Neill, Hatzigiannis, Mark, Goverdhan Gajjala Organizations: Service, Nike, Business, BI, Photonics Corp, L3Harris Technologies, Rail, Systems Locations: Chicago

☆ I'm a US Army jumpmaster in the frozen Arctic, and the coldest jump I've ever made was -50 degrees Fahrenheit
▼ + stars: | 2024-05-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Micah Symmonds, a US Army jumpmaster in the 11th Airborne Division based in Alaska. There's a reason why so many people choose to be in an airborne division for their entire career. Especially being in the 11th Airborne Division, we have a very unique geographical position, so we're able to reach a lot of places in the Indo-Pacific region. And then becoming a jumpmaster, you're a leader in that organization, you really need to show the want and drive. On each jump, you're generally exiting from both parachute doors of an aircraft, and each door will have a jumpmaster.

Persons: Micah Symmonds, It's, I've, Keon Horton, Natalie Doan, They've, Molly Treece, there's, it's Organizations: Service, US Army, 11th Airborne Division, Business, 11th Airborne, U.S . Army, 3rd Battalion, 509th Parachute Infantry Regiment, 2nd Infantry Brigade Combat Team, Pacific Multinational Readiness, Donnelly Training, U.S, Army, U.S . Army 2nd Infantry Brigade Combat Team, 36th Airlift Squadron, Yokota Air Base, . Air Force, Boeing, Delta Junction Locations: Alaska, Guam, Australia, Thailand, Philippines, Kuwait, jumpmaster, balaclava, Japan, Delta, AK

☆ I changed my first and last name after having kids. The paperwork was complicated.
▼ + stars: | 2024-05-18 | by ( Elliott Harrell | ) www.businessinsider.com time to read: +4 min

Most people know me as Elliott Harrell, but that wasn't my actual name until recently. Initially, I thought I'd use Elliott Harrell socially and my given legal name when mandated and that everything would be fine. Elliott Harrell changed her name after having her second child. My name was legally changed over three months ago and since then I've been working on getting things like my license, passport, and even my Costco card changed over. AdvertisementEven though I'm still in the depths of paperwork hell, I'm so glad I decided to move forward with the process.

Persons: Elliott Harrell, Jane Walker, it's, Elliott, I'd, Jane, Harrell, Elliott Walker, Walker, I've, I'm Organizations: Service, Business Locations: North Carolina

☆ Low-income Americans wait years to get housing vouchers that are often impossible to use. Fixing the system could mean more funding and less red tape.
▼ + stars: | 2024-05-18 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

The federal Housing Choice Voucher Program, also known as Section 8, is also the biggest, aiding about 5 million people in 2.3 million households. While it's illegal in some places to discriminate against voucher holders, the practice isn't outlawed everywhere. Fully funding housing vouchers would mean many more housing-insecure and unhoused people would get help. Related storiesIn its budget for fiscal year 2025, the Biden administration requested a $2.5 billion increase for voucher funding over 2023 levels. Researchers at the Department of Housing and Urban Development have proposed piloting a direct cash transfer program for rent as an alternative to housing vouchers.

Persons: Will Fischer, Biden, Jenny Schuetz, isn't, Lindsey Nicholson, Michael Stegman, Stegman, Tara Radosevich, Fischer, Schuetz Organizations: Service, Business, of Housing, Urban Development, Budget, Harvard, The New York Times, Republicans, Brookings Institute, Getty, Urban Institute, HUD, Washington State, Department of Housing Locations: —, Los Angeles, Fort Worth, Philadelphia, Iowa, Long Island City, Queens, Oregon

☆ Member of Israel's War Cabinet says he'll quit the government June 8 unless there's a new war plan
▼ + stars: | 2024-05-18 | by ( ) www.cnbc.com time to read: +3 min

Israeli war cabinet member Benny Gantz arrives at the US State Department ahead of a meeting with US Secretary of State Antony Blinken on March 5, 2024 in Washington DC. Gantz, a popular politician and longtime political rival of Netanyahu, joined his coalition and the War Cabinet in the early days of the war. There was fresh frustration Friday when the military said its troops in Gaza found the bodies of three hostages killed by Hamas in the Oct. 7 attack. The war began after Hamas' Oct. 7 attack on southern Israel that killed 1,200 people and took 250 others hostage. Israel says around 100 hostages are still captive in Gaza, along with the bodies of around 30 more.

Persons: Benny Gantz, Antony Blinken, Israel, Benjamin Netanyahu, Gantz, Netanyahu, Yoav Gallant, Jake Sullivan Organizations: US State Department, Washington DC, Israeli, U.S, West Bank Locations: Washington, Gaza, Saudi Arabia, Israel, Rafah, U.S, —, Qatar, United States, Egypt

☆ 'Bridgerton' fans are praising the disability representation in season 3, including an 'autistic-coded' character
▼ + stars: | 2024-05-18 | by ( Olivia Singh | ) www.businessinsider.com time to read: +10 min

Read previewWarning: Spoilers ahead for "Bridgerton" season three, part one. Fans are lauding season 3 for its representation of people with disabilitiesZak Ford-Williams as Lord Remington on season three of "Bridgerton." — Michelle Birkby (@michelleeb) May 16, 2024Today is Global Accessibility Awareness day and @bridgerton season 3 premier day. Francesca Bridgerton is autistic. Francesca isn't explicitly stated as being on the autism spectrum in Julia Quinn's 'Bridgerton' novels or on the TV seriesHannah Dodd as Francesca Bridgerton on season three, episode two of "Bridgerton."

Persons: —, Penelope Featherington, Nicola Coughlan, Colin Bridgerton's, Luke Newton, Francesa Bridgerton, Hannah Dodd, Francesca, Dodd, Jess Brownell, Zak Ford, Williams, Lord Remington, Dolores Stowell, Kitty Devlin, Queen Charlotte, Golda Rosheuvel, Dolores, Lady Stowell, Sophie Woolley, Penelope, Colin ., Whistledown —, Michelle Birkby, — Chanel 🏒, emington,, ady, ord, J, ady V, eason, ord J ohn, ong, ohn, tirling, ove, ike Organizations: Service, Business, Netflix, ust Locations: isible

☆ Some consumers are punting big purchases like pools and mattresses
▼ + stars: | 2024-05-18 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

Rachel Wisniewski | ReutersAmericans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. "As a result, consumers continue to scrutinize their spending and make near-term decisions based primarily on need, price and perceived value. But those options have fallen out of favor as interest rates rose. He also cited increased interest rates as another weight on their shoulders. Lofty interest rates have also hampered housing improvement efforts for those staying put, according to Home Depot .

Persons: Rachel Wisniewski, Joe, Shelly Ibach, Ibach, FactSet, Mark Mathews, Platt, J, Mitchell Dolloff, Dow Jones, it's, Mathews, Enphase, Badri Kothandaraman, Marc Bitzer, Patrick T, bode, Robert Ohmes, Richard McPhail, It's, McPhail Organizations: Reuters, Reserve, Prosper, National Retail Federation, San Francisco Fed, New York Fed, Management, Commerce Department, Consumers, Whirlpool, Fallon, Bloomberg, Getty, Bank of America, CNBC Locations: Gilbertsville , Pennsylvania, Minneapolis, U.S, California, Torrance , Calif, Minnesota

☆ Millennials have a fresh take on the FIRE movement, and it's less about taking it easy in retirement
▼ + stars: | 2024-05-18 | by ( Noah Sheidlower | Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

BI spoke to a dozen millennials who have achieved or are on track to achieve financial independence. Brad Barrett, the host of the "ChooseFI" podcast, said "vanishingly few" people with the wherewithal to reach financial independence are retiring early. AdvertisementHe argued that achieving financial independence and hitting a specific number is "the simplest part." Advertisement"I defined myself by the pursuit of financial independence," Sabatier, the author of "Financial Freedom," said. Don't delay figuring out what you really want, why you're pursuing financial independence, and what you want to do after."

Persons: Jace Mattinson, Mattinson, Jace Mattison, Jace Mattison Mattinson, Motley, they're, Millennials, millennials, Scott Rieckens, Brad Barrett, you've, Bill Schaninger, Naina Dhingra, Schaninger, Mitch, —, Brian Luebben, Grant Sabatier, Sabina Horrocks, She's, she'd, Michelle Schroeder, Gardner, Wes, I'm, Lauren, Steven Keys, Steven, you'll, We're Organizations: he'd, Business, FIRE, Facebook, McKinsey, FI, Academy, Marketing Locations: Austin, Minnesota

☆ A millennial CEO launched a fully remote tech company. He says hybrid work is the worst of both worlds.
▼ + stars: | 2024-05-18 | by ( Tim Paradis | ) 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. "The point of it was to be silly and to put people in different environments and situations where they could create new networks and pathways to people in the company," Pitt said. 'It's easy to look busy'Another way the company tackles remote work for an employee base spread around the world is to cluster some functions. Rather than dwelling on where workers work, a big focus is on developing trust, Pitt said. AdvertisementAnd, Pitt said, if workers care about the mission, it doesn't matter whether they work in an office or from afar.

Persons: —, Keith Pitt, Pitt, zaniness, hybrid's, Buildkite Pitt, Slack, Buildkite, I'm Organizations: Service, Business, Buildkite, Pitt, IRL, Workers Locations: Buildkite, Perth, Australia

☆ LinkedIn says it intercepts the 'majority' of scams on its site — but job hunters say it's not enough
▼ + stars: | 2024-05-18 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +7 min

Yet they're still getting through often enough that the Federal Trade Commission has recently warned the public about the prevalence of fake job scams. AdvertisementThe 'fake check' scamChris Conwell had initially applied to a job ad on LinkedIn in early March. Fake check scams generally involve a supposed employer mailing a fraudulent check to the would-be employee they're attempting to scam. But, Conwell told Business Insider, something felt wrong. A representative for the company also pointed to internal statistics that indicate LinkedIn intercepts the majority of detected fake accounts and scams before fake recruiters can post.

Persons: —, they're, Chris Conwell, Conwell, Michael Hecht, he'd, Hecht, Oscar Rodriguez, Jordan Bittel, Bittel, you've Organizations: Service, LinkedIn, Business, Federal Trade Commission, Microsoft, verifications

☆ A former Google recruiter shares 4 emails to send hiring managers to avoid getting mistakenly ghosted — and when to move on
▼ + stars: | 2024-05-18 | by ( Alyshia Hull | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Nolan Church, a 35-year-old former recruiter for Google and Doordash from Salt Lake City. As a former recruiter at Google and the ex-head of talent at DoorDash, I've seen my fair share of candidates get ghosted by jobs they've interviewed for, and I've definitely ghosted candidates, too, but never intentionally. Recruiters forgetWhen candidates interview for a role and think, "I really want this job, but I'm not hearing back," I advise them to email the recruiter. One way to follow up with a recruiter is to send them a thank-you email within 24 hours after the interview. Recruiters are talking to other candidatesIf a candidate gets ghosted early in the hiring process, the recruiter is most likely talking to other candidates.

Persons: —, Nolan, I've, they've, aren't, it's, hasn't, you've, haven't, that's Organizations: Service, Nolan Church, Google, Business, Hey Locations: Salt Lake City

☆ I was skeptical about introducing video games to my 3 young kids. I found an option that keeps them moving while playing.
▼ + stars: | 2024-05-18 | by ( Conz Preti | ) www.businessinsider.com time to read: +4 min

When I became a parent, I realized that too much screen time was not good for my kids' developing brains. But my oldest, aged 6, kept asking to play video games because all his friends were already doing it. A video game system that gets kids movingI felt a little hypocritical for not allowing my son to play video games after my husband and I spent so much time doing so growing up. The video game console has a camera that records your movement, and instead of using a remote to play games, you use your body. We've reserved playing video games when it's raining or snowing outside, and they can't ride their scooters around our neighborhood.

Persons: —, doesn't, It's Organizations: Service, Nintendo, Business

Keep reading to learn how to watch the PGA Championship live streams, including cable and recap options. 2023 PGA Championship winner Brooks Koepka is also participating in the competition this year, along with Tiger Woods, Rory McIlroy, and others. Keep reading to learn your watch options for the PGA Championship as it heads into the weekend for Rounds 3 and 4. How to watch the PGA Championship in the USOver the weekend, coverage will be split among three channels/streamers. Shop at Peacock TVHow to watch the PGA Championship in the UKSky Sports is the British home to PGA Championship live streams.

Persons: Scottie Scheffler, Scheffler, Brooks Koepka, Tiger Woods, Rory McIlroy, There's, Peacock, VPNs, ExpressVPN Organizations: Business, America, PGA, ESPN, CBS, Paramount, Showtime, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, Paramount ESPN, Hulu, Disney Plus, ESPN Sling, Sling, Sky Sports Locations: Valhalla, British

We'll show you everything you need to know about where to watch the women's Italian Open final, including a free live streaming option. Where to watch Swiatek vs. Sabalenka in the USLike the rest of the Italian Open, you can watch the women's finals on the Tennis Channel. Shop at SlingWhere to watch Swiatek vs. Sabalenka in New ZealandThe Italian Open women's final will air on TVNZ in New Zealand. How to watch Swiatek vs. Sabalenka from anywhereIf you won't be in New Zealand at the time of the match, you can try accessing the above stream using a VPN (virtual private network). How to watch Swiatek vs. Sabalenka with a VPNSign up for a VPN if you don't already have one.

Persons: Aryna Sabalenka, Sabalenka, Swiatek, Coco Gauff, Danielle Collins Organizations: Business, Madrid, Tennis Channel, Tennis, TVNZ, WTA Locations: New Zealand

☆ Robots and AI are being used to help women get pregnant. Is this the future of IVF?
▼ + stars: | 2024-05-18 | by ( Blake Dodge | ) www.businessinsider.com time to read: +21 min

There, a startup called Conceivable Life Sciences is automating the IVF lab from start to finish. Conceivable Life SciencesEleven women so far have become pregnant with help from one or more of these Conceivable robots. Conceivable Life Sciences"No baby, no fee"Today, IVF demand is surging, despite the treatment being slow, uncertain, and expensive. Conceivable's future IVF lab. Conceivable Life SciencesFrom prayer to AIHalf a continent away, a physician was growing frustrated by the constraints of his job.

Persons: —, robotically, embryologist Jacques Cohen, Cohen, Joshua Abram, Conceivable's, Abram, Lora Shahine, Emma wasn't, Emma, Alan Murray, Murray, — embryologists, that's, Alejandro Chávez, Badiola, REI, didn't, Conceivable's cofounders, Dr, REIs, What's, Langham, Conceivable's cofounders tinker, Tesla, Brian Bixon, Gerardo Mendizabal, Ruiz, Bixon, Carla Patricia Barragan Álvarez, OBGYNs, aren't, Eduardo Hariton, Hariton Organizations: Service, Business, Sciences, BI, New York City, pipettes, Life Sciences, San, Langham Hotel, Quest Diagnostics Locations: Guadalajara, Mexico, New York, Seattle, pipettes, Petri, San Francisco, London, Abram, Mexico City

☆ Fed doesn't seem open to rate hikes, says Hightower's Michael Farr
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed doesn't seem open to rate hikes, says Hightower's Michael FarrMichael Farr, Hightower Investments, joins 'Power Lunch' to discuss the markets, the Fed and the Dow reaching 40,000.

Persons: Hightower's Michael Farr Michael Farr, Hightower Organizations: Hightower Investments, Fed, Dow

☆ Marisa Abela took singing lessons every day for four months to sound like Amy Winehouse in 'Back to Black'
▼ + stars: | 2024-05-17 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

Read previewMarisa Abela embodies late music icon Amy Winehouse in the new biopic "Back to Black," and yes, the actor really sings in the film. Here's how Abela transformed her voice for "Back to Black" — and why the film controversially uses her vocals instead of Winehouse's. Abela wasn't a trained musician prior to 'Back to Black'Actor Marisa Abela and director Sam Taylor-Johnson on the set of "Back to Black." According to the "Back to Black" production notes, Abela took two-and-a-half-hour singing lessons every day for four months. AdvertisementThe decision to use Abela's vocals instead of dubbing in Winehouse's wasn't made lightlyMarisa Abela as Amy Winehouse in "Back to Black."

Persons: —, Marisa Abela, Amy Winehouse, Sam Taylor, Winehouse, Abela, Abela wasn't, Johnson, Dean Rogers, Frank, Taylor, Jamie Matthewman, Anne, Marie Speed, Sarah Green, Giles Martin, Ben Parker, Stephen Colbert, Martin, Winehouse's wasn't, Abela's, that's, Speed Organizations: Service, Business, Hollywood

☆ Activist Boaz Weinstein says BlackRock funds are 'crushing shareholder rights'
▼ + stars: | 2024-05-17 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Boaz Weinstein, the hedge fund investor on the winning side of JPMorgan Chase's $6.2 billion, "London Whale" trading loss in 2011, is now taking on index fund giant BlackRock . The hedge fund wants board control at three BlackRock funds and a minority slate at seven others. BlackRock, Saba says in the deck, "considers itself a leader in governance, but is crushing shareholder rights." At certain BlackRock funds, for example, if an investor doesn't submit their vote in a shareholder meeting, their shares will automatically go to support BlackRock. The index fund manager's rebuttal, "Defend Your Fund," describes Saba as an activist hedge fund seeking to "enrich itself."

Persons: Boaz Weinstein, Saba, Weinstein, doesn't Organizations: Saba Capital Management, Bloomberg, JPMorgan Chase's, Weinstein's, CNBC, BlackRock, affirmatively Locations: New York, BlackRock, Weinstein's Saba, Saba

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