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☆ Ford names ex-Lucid Motors exec as next CFO, promotes current chief
▼ + stars: | 2024-05-10 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Ford Motor on Friday named the former chief financial officer of electric vehicle startup Lucid to replace its current CFO, who is being promoted to more closely oversee the company's ongoing turnaround plan. The ex-Lucid executive, Sherry House, will join Ford first as finance vice president in early June. She's set to transition into the CFO role in early 2025, the company said in a press release. In the meantime, current CFO John Lawler will continue in his position while expanding his role to become vice chair. "Make no mistake, EVs are coming, EVs are part of the future," Lawler had told CNBC back in February.

Persons: John Lawler, Linda Zhang, Sherry House, She's, Lawler, Ford, Sherry, Jim Farley Organizations: New York Stock Exchange, Ford, CNBC, Lucid Motors, General Motors Locations: New York City , New York, U.S, Saudi Arabia

☆ Gen Z could overtake Boomers in the workforce in 2024: This has 'sweeping implications,' economist says
▼ + stars: | 2023-12-05 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Gen Z will make up a larger portion of the U.S. workforce than Baby Boomers for the first time next year, according to a recent Glassdoor trend forecast report — and it's a big deal, says an economist. The looming change in demographics will have "pretty sweeping implications for what employers prioritize," Glassdoor chief economist Aaron Terrazas tells CNBC Make It. They are being replaced by very different people who prioritize different expectations around work." Gen Zers, aged 12 to 27 next year, are increasingly graduating school and joining the workforce. Eventually, Gen Z will overtake Gen X too — but it'll be "a long time before they overtake millennials," says Terrazas, because millennials outnumber all other generations in the United States so far.

Persons: Aaron Terrazas, Gen Zers, Gen, millennials Organizations: Baby Boomers, CNBC, Boomers Locations: United States

☆ Want a job or promotion? Know the correct way to brag, Wharton professor says
▼ + stars: | 2023-12-04 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Few people want to be seen as a braggart, even less so in a job interview or quarter evaluation. But when you are vying for a coveted position or a long-awaited promotion, you can't just rely on other people to unearth your strengths and accomplishments on their own. The biggest challenge we face when trying to promote ourselves to others is in coming across as both competent and likable, Schweitzer says. Likewise, selling your own accomplishments without any due diligence to others will make you seem competent yet not likable. Instead, Schweitzer says to do both, in a method he and his research team call "dual promotion."

Persons: Maurice Schweitzer, Schweitzer Organizations: Wharton, CNBC

☆ Charlie Munger lived in the same home for 70 years: Rich people who build 'really fancy houses' become 'less happy'
▼ + stars: | 2023-12-01 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

For Charlie Munger, living in a relatively modest house wasn't an accident — it was a conscious choice. Munger, the billionaire investor and longtime business partner to Warren Buffett, died on Tuesday at the age of 99. "[Buffett and I] are both smart enough to have watched our friends who got rich build these really fancy houses," Munger said. "[Buffett and I] both considered bigger and better houses," Munger said. Get CNBC's free Warren Buffett Guide to Investing, which distills the billionaire's No.

Persons: Charlie Munger, Munger, Warren Buffett, He'd, CNBC's Becky Quick, Buffett, Duke Organizations: Berkshire Locations: California, Westchester, Omaha , Nebraska

☆ 'Authentic' is Merriam-Webster's word of the year—see the other 13 words that defined 2023
▼ + stars: | 2023-11-29 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Did you try to be more authentic this year? Were you trying to figure out what "authentic" even means? Either way, you weren't alone: It's Merriam-Webster's word of the year for 2023, an annual recognition given to a word that dominates searches and lookup volume on the dictionary's website. It's an important distinction: Coming across as phony can be alienating, while conveying authenticity can help you amass popularity and inspire others, surveys show. Trying too hard to be natural or relatable often seems fake, Merriam-Webster's announcement noted: "Ironically, with 'authentic content creators' now recognized as the gold standard for building trust, 'authenticity' has become a performance."

Persons: It's Merriam, Rebecca Zucker, Herminia Ibarra, Ibarra Organizations: CNBC, Merriam, London School of

☆ Ivy League professor and former astronaut shares 3 pieces of NASA wisdom for handling mistakes and conflict
▼ + stars: | 2023-11-27 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

In the face of struggle, Massimino's colleagues shared with him key pieces of NASA wisdom, rules and sayings. Whether up in orbit or down on Earth, Massimino uses these three key pieces of NASA wisdom to make sure that his problem-solving process runs smoothly. Give yourself 30 seconds to feel badIt is normal to feel guilty when you make a mistake at work. When he makes a particularly frustrating mistake, Massimino tells CNBC Make It he employs the 30-second rule, a piece of NASA wisdom that he attributes to pilot Rick "CJ" Sturckow. But when the 30 seconds are up, he stops wallowing and concentrates on what's ahead.

Persons: Mike Massimino, Nat Geo, Gary Gershoff, George Clooney, Massimino's, Massimino, Rick, CJ, Sturckow, Robert, Hoot, Gibson, You've, you've Organizations: NEW, Nat, NASA, CNBC Locations: New York City, Columbia

☆ 26-year-old brings in $33,000 a year from 2-minute side hustle that cost next to nothing to start
▼ + stars: | 2023-11-24 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

A year and a half ago, he started spending some of his weekends producing music in what he calls the passive listening space — and quickly found "lo-fi" music production to be a "very easy" side hustle. When he and Bono collaborate on lo-fi tracks, they set a timer — just two minutes for writing, producing and naming each song. The alleviation of expectations that comes with lo-fi music production is "kind of therapeutic," Turner says, and the extra cash doesn't hurt. Here's how he built and manages his lo-fi music side hustle. Turner says he uses TuneCore, an online service that places your tracks on platforms like Spotify, Apple Music, YouTube and TikTok.

Persons: you've, Michael Turner's, Turner, Mike Bono — he's, Bono, they've, Taylor Swift Organizations: CNBC, Spotify, Apple, Apple Music, YouTube

☆ 'We have to take care of ourselves': How to function at work during times of 'turmoil and upheaval,' from a trauma expert
▼ + stars: | 2023-11-22 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Staying well-informed on politics, news, and world events, especially these days, can take a toll on your mental health. "Trauma is the air that we have been breathing in the 2020s," says Katharine Manning, an expert with more than 25 years of experience of handling distress in the workplace. "We aren't going to be good at supporting others if we are not taking care of ourselves," Manning says. It feels dumb to wash my face, and dumb not to. "In the midst of all of the horror that is going on, we have to find a way to take care of ourselves."

Persons: Katharine Manning, Manning Locations: Gaza, Israel, Australian, Ukraine

☆ Wharton psychologist on the 3 biggest challenges facing workers right now: ‘We have a responsibility' to make them better
▼ + stars: | 2023-11-15 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

(Photo by Lawrence Sumulong/Getty Images)Workplace culture is changing, and Wharton organizational psychologist Adam Grant wants Americans to keep up. Now they are announcing a research grant award of up to $100K to researchers looking into areas of human potential and workplace trends in which Grant thinks there will be important cultural shifts. Grant explains the top three areas he's focused on — employee motivation, workplace well-being and AI — and what he suspects will be changing. Going from languishing to flourishingWorkers are struggling with motivation and it's leading to an overall feeling of stagnation and emptiness, Grant says. To do so, company leadership should value employee well-being, Grant says.

Persons: Adam Grant of, Lawrence Sumulong, Adam Grant, Grant, BetterUp, haven't, Martin Kilduff, Ginka Toegel, we've Organizations: CANADA, Wharton School, University of Pennsylvania, CNBC, Economic, Future Forum Locations: VANCOUVER, TED2018, Vancouver, Canada

☆ 84% of employees expect this job perk—but most executives think it's a 'waste of time'
▼ + stars: | 2023-11-13 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Learning and development programs (L&D) are rising in popularity. But employees and employers aren't seeing eye-to-eye about their value, and many workers don't seem happy about it. In contrast, 51% of the executives surveyed said their companies' existing L&D programs feel like a "waste of time." More than half of C-suite executives (65%) said that their employees are "very satisfied" with their company's L&D programs. Executives should give employees ample time in their working schedule to take L&D courses, instead of asking them to sacrifice their evenings or weekends, Morgan says.

Persons: they're, Andy Morgan, they'd, Morgan Organizations: CNBC, Business, Workers

☆ Employees want to talk about politics at work, study finds—but it's a 'double-edged sword'
▼ + stars: | 2023-11-09 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Men (67%) are more likely than women (54%) to talk politics with co-workers, and younger generations are more likely to engage in political conversations than their older counterparts. Overall, men ages 35 and up and women ages 18-34 appear to be the most likely to talk about politics with their colleagues. When looking just at Gen Z and Millennial women, the percentage rose even higher to 81%, compared to around 60% of Gen Z and Millennial men. For Gen Z employees, these numbers rose to 49% and 44%, respectively. However, this doesn't necessarily mean that company leaders should avoid political talk all together.

Persons: Joe Biden, Donald Trump, Aaron Terrazas, Gen Z, Z, Terrazza, Terrazas Organizations: CNBC Locations: Glassdoor, Gaza, Israel

☆ Over 75% of U.S. workers say they could complete the same amount of work in 4 days rather than 5
▼ + stars: | 2023-11-03 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

As younger generations, particularly Gen Z and Millenials, are aging to make up more of the workforce, workplace expectations from employees are shifting. Among US workers, over 75% say they could complete their current workload in a four-day workweek rather than five, according to a recent report from Fiverr. Millennials, who make up around 35% of today's workforce, were the most passionate about the four-day workweek with 87% agreeing. The survey also showed that while overall younger generations of workers are demanding more flexibility in their work schedules, they prefer in-person interactions over remote work. The consulting firm EY's annual Workplace Index found that although the four-day workweek has gained popularity abroad, it has seen little adoption by U.S. companies until recently.

Persons: Millennials, workweek, Michal Miller Levi Organizations: U.S, CNBC Locations: Fiverr

☆ Panera Bread founder credits his $7.5 billion success to a simple tactic: Writing his own obituary
▼ + stars: | 2023-11-03 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Ron Shaich spent roughly two decades building Panera Bread into nationwide behemoth, ultimately selling it for $7.5 billion in 2017. The Panera co-founder, 69, credits that success to a simple practice, which he did — and still does — once per year, he tells CNBC Make It: writing a "pre-mortem." Between Christmas and his December 30 birthday, Shaich dedicates a day or two to visualize himself at the end of his life, he says. He writes a news story, obituary or journal entry from that hypothetical future, looking back on his own endeavors, listing only the most important accomplishments. Then, he maps out how to get from his current state to that future version of himself.

Persons: Ron Shaich, Shaich, Reddit, Alexis Ohanian, it's, I'd Organizations: behemoth, CNBC

☆ Kind Snacks founder Daniel Lubetzky: The No. 1 green flag I look for before hiring anyone—especially a Gen Z candidate
▼ + stars: | 2023-11-02 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

At job interviews, he screens for self-reflection by asking about past failures and what you, the candidate, would do differently next time. A good answer walks the hiring manager through your thought process so they can see how you evaluate opportunities and solve problems. But if you don't have that skill set, it is much harder to," Lubetzky tells CNBC Make It. Particularly those in [Gen-Z] that develop self-reflection skills will outperform those who don't." Daniel Lubetzky , the billionaire founder of Kind Snacks and frequent guest judge on ABC's "Shark Tank," looks for a green flag when he's hiring: the ability to self-reflect.

Persons: Daniel Lubetzky, Lubetzky, Jerry Colonna, Claire Hughes Johnson, Juliette Han, Han, Warren Buffett Organizations: CNBC, Google, Columbia Business School

☆ Wharton psychologist Adam Grant's tip for an 'amazing' cover letter: Admit if you are 'not quite the fit'
▼ + stars: | 2023-10-31 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Wharton organizational psychologist Adam Grant recently told CNBC's "Squawk Box" about an 'amazing' cover letter he read a few years ago, where the applicant did not have all the qualifications listed. Instead of ignoring her weaknesses, she addressed the elephant in the room by admitting that she was "not quite the fit." I don't have the years of experience and I don't have these skills," Grant said the cover letter read. "She got the job [after that cover letter] and she crushed it." Some of the most in-demand soft skills like time management and critical thinking can be developed in non-position-specific experiences that you can instead demonstrate in your cover letter.

Persons: Wharton, Adam Grant, CNBC's, Grant, Ian Siegel, Markman, Nic Fink, Fink, Warren Buffett Organizations: CNBC, Harvard Business

☆ UChicago psychologist shares his No.1 brain hack for critical thinking and memory skills: Think in a foreign language
▼ + stars: | 2023-10-28 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Your second language presents a brain shortcutSpeaking in your native language is easy — and it can lull your brain into being less able to process information objectively, says Gallo. When that happens, you're stuck in a mindset Gallo refers to as "hot cognition," also known as "System 1 thinking." "When you are thinking in your second language, you are being very analytical and careful about the surface-level features of information," he explains. Using your second language acts as a quick shortcut into "Spock mode," Gallo says. It can help you avoid false memories and misinformationThe benefits of a second language extend beyond analytical thinking, says Gallo.

Persons: David Gallo, monolinguals, Gallo, Monolinguals, Boaz Keysar, —, Spock, It's, Rosetta Stone Organizations: University of Chicago, Research, CNBC

☆ Why you should 'embrace transparency' at work, says Glassdoor CEO: 'People are scared to be direct'
▼ + stars: | 2023-10-27 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Glassdoor CEO Christian Sutherland-Wong views raw workplace feedback as "an important gift," even though receiving negative feedback can feel "uncomfortable" at times. Executives at Glassdoor have also found this unfiltered exchange of feedback useful in keeping a pulse on how their employees are actually feeling. "Our philosophy at Glassdoor is to embrace this transparency." A culture of transparency in the workplace promotes raw feedbackMany successful business executives value raw feedback in the workplace. A way that he practices transparency is by responding to all the reviews he receives on Glassdoor.

Persons: Christian Sutherland, Wong, Sutherland, Glassdoor, Sutherland Wong, Daniel Lubetzky, Google Larry Page Organizations: Glassdoor, Google

☆ Stop following this common piece of career and life advice, says behavior expert: It's not 'the solution to everything'
▼ + stars: | 2023-10-26 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +1 min

Plenty of experts — from Harvard University neuroscientists and Yale University psychologists to self-made millionaires and ex-Google executives — preach self-awareness as a crucial trait separating highly successful people from everyone else. At least one researcher is over it. It certainly can't hurt to understand what you're good at and where you need to improve, whether that's at work or anywhere else in your life. "When you are focused introspectively, you are going to favor what you have past experience doing," Ibarra says. "But a lot of the stuff that we are being challenged to do [in our careers], we have no past experience doing.

Persons: Harvard University neuroscientists, Herminia Ibarra, that's, Ibarra Organizations: Harvard University, Yale University, London Business School, CNBC

☆ Billionaire Daniel Lubetzky shares his No. 1 tip for success: Most people 'are just too afraid to' do it
▼ + stars: | 2023-10-26 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

Daniel Lubetzky, billionaire founder of Kind Snacks, attributes his success to a simple decision: surrounding himself with people who feel comfortable giving him honest, raw feedback. Lubetzky founded Kind Snacks in 2004, initially running it on a shoestring budget before accepting roughly $16 million of outside funding in 2008. Just over a decade later, Kind was acquired by food giant Mars for a reported $5 billion in 2020. "Environments that discourage hearty debate are shockingly common," Lubetzky says. You should also prioritize people who are "kind" over people who are "nice," Lubetzky says.

Persons: Daniel Lubetzky, Lubetzky, —, Forbes, Rick Nucci, Nucci Organizations: CNBC

☆ CEO shares his No. 1 tip for finding a mentor—and the big mistake to avoid on your search
▼ + stars: | 2023-10-20 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

Matt Higgins' "number one" piece of advice for finding a highly successful mentor: Don't ask anyone to mentor you. The "Shark Tank" investor and RSE Ventures CEO doesn't like it when people cold-message him with mentorship requests, he said during Tuesday's CNBC Make It: Your Money virtual event. You could ask Higgins, for example: "I heard on 'Shark Tank' that you struggle with impostor syndrome. Putting ego aside and asking for help isn't embarrassing, Higgins said. Higgins isn't the only "Shark Tank" star to weigh in on the value of mentorship.

Persons: Matt Higgins, Mentorships, Higgins, wasn't, he's, Mark Cuban, I've, John, Barbara Corcoran Organizations: RSE, CNBC, Global Locations: They're

☆ Nearly 20% of workers have changed their name on a resume because of discrimination concerns, says new report
▼ + stars: | 2023-10-19 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

A recent survey on hiring practices led by hiring software company Greenhouse found "pretty sobering stats" about discrimination in hiring processes, says Ariana Moon, head of talent planning and acquisition at the company. Almost one-fifth of job seekers tried to protect themselves against these discriminatory hiring practices by changing their names on applications. Of those that change their names, 45% did so to sound 'less ethnic', 42% to sound younger and 22% to sound like the opposite gender. Under federal employment law, applicants are protected from employment discrimination that may be based on race, color, religion, sex, national origin, age, disability or genetic information. ET to learn how to level up your interview and negotiating skills, build your ideal career, boost your income and grow your wealth.

Persons: Greenhouse, Ariana Moon Organizations: CNBC

☆ Millionaires, athletes and experts swear by this mindset—how to make the most of it, and avoid its pitfalls
▼ + stars: | 2023-10-18 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +2 min

You've probably heard about the growth mindset — the idea that constant, incremental improvement can lead to achievement and success. It's also the key to understanding why the growth mindset works and when to lean into it, researchers say. Several studies on school-age children, for example, found that a growth mindset resulted in better grades for kids from financially well-off families than those from poorer backgrounds. A growth mindset is "a necessary but insufficient condition for learning," says Tipton. When a growth mindset is most effective, and how to use it wisely

Persons: You've, Carol Dweck, It's, Jennifer Burnette, Elizabeth Tipton, Tipton, it's Organizations: Ivy League, North Carolina State University, CNBC, Northwestern University, Psychological Locations: Tipton

☆ How 'micro' breaks throughout the day can help decrease work burnout—'flow + rest = success'
▼ + stars: | 2023-10-16 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

They found that having short periodic breaks dedicated to exercise, meditation and goal setting can help increase flow while working, which in turn can prevent burnout. On top of this, the employees in the flow group were also encouraged to have 10-15 minute breaks sprinkled two to three times throughout the day. This increase in flow led to a decrease in reported stress and stability in the physiological symptoms. Participants in the flow group left work feeling less drained and actually had the time after work to rest and recuperate, preparing themselves to enter the next working day with even more focus and energy. "There is this common expression that 'stress + rest = success', well we are changing that a bit into "flow + rest = success."

Persons: Exos, Chris Bertram, Bertram Organizations: Hofstra University

☆ 4 red flags to watch out for before signing any job contract, say employment lawyers
▼ + stars: | 2023-10-11 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +4 min

Signing a job contract is often an automated process. When facing pages of fine print, you may just trust your prior conversations with your employer and sign off without a second look. Down the road, however, you may find yourself in legal and financial trouble as a result. New York, Pearson says, is more in the middle. Federal crackdown is also expected, as The FTC has proposed a ban on most non-compete clauses among other restrictive employment practices back in January, and they are expected to vote on it by April 2024.

Persons: Lawrence Pearson, Ashley Tremain, Pearson, …, Tremain, Severance Organizations: Department of Labor, FTC Locations: New York, Dallas , Texas, California, Massachusetts

☆ San Francisco quarterback Brock Purdy makes nearly $1 million a year—but splits rent with a roommate and drives a Toyota SUV
▼ + stars: | 2023-10-09 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

San Francisco 49ers starting quarterback Brock Purdy, a captain on one of the league's two remaining undefeated teams, isn't one of them. He splits rent with one of his teammates, an offensive lineman, and drives a Toyota Sequoia SUV, he told NBC's "TODAY" last week. It has the the third-highest cost of living in the U.S., possibly contributing to Purdy's desire for a roommate. A one-bedroom apartment or condo's median monthly rent in San Francisco is $2,993 — 137% higher than the national median — according to Zillow data. And in baseball, New York Yankees star pitcher Gerrit Cole kept driving his 2006 Toyota Tacoma truck after signing a $324 million contract for a simple, logical reason: It still worked, he told NJ.com in 2021.

Persons: Brock Purdy, NBC's, Purdy, Rob Gronkowski, Gronkowski, Kawhi Leonard, Gerrit Cole, NJ.com, hasn't Organizations: National Football League, San Francisco 49ers, Toyota Sequoia, NFL, of Famer, CNBC, National Basketball Association, Sports Illustrated, San Antonio Spurs, New York Yankees, Toyota Tacoma, 49ers Locations: San Francisco, U.S

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