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Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain's gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched on Wednesday. Britain's gender investment gap currently stands at £567 billion — an increase of £54 billion between January 2023 and January 2024 — according to data from British financial research company Boring Money which surveyed over 6,000 adults in the U.K. It found that men have £1.01 trillion invested compared with £450 billion for women. The gender pensions gap refers to the differences in retirement income or retirement wealth between men and women.
Persons: Ayesha Ofori, Goldman Sachs, Propelle, Ofori, Stefan Bollinger, Julius Baer, Lucy Demery, Goldman, wasn't, I'd, isn't Organizations: Goldman, Vanguard, Blackrock, HSBC, Google, CNBC, Barclays, Ofori Locations: Prospect, British
Read previewEllen DeGeneres took the stage for what she says is her final comedy special in "Ellen DeGeneres: For Your Approval," an hour-long Netflix special that dives into the comedian's fall from grace. First, beauty YouTuber Nikkie de Jager spoke about her negative appearance as a guest on "The Ellen DeGeneres Show." In July of that year, a BuzzFeed News report was published containing allegations from former employees of a toxic work culture on DeGeneres' talk show. Ultimately, DeGeneres said, her "be kind" mantra on "The Ellen DeGeneres Show" put her in a box. "Ellen DeGeneres: For Your Approval" is now streaming on Netflix.
Persons: , Ellen DeGeneres, DeGeneres, Nikkie de Jager, Dory, Wilson Webb, Netflix DeGeneres, Ellen, I've Organizations: Service, Netflix, Business Locations: America
Boeing and unionized workers remain at an impasse after 10 days of striking. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAfter 10 days on strike, Boeing and unionized workers remain at loggerheads with few signs of a prompt resolution. Some 32,000 Boeing employees are members of the International Association of Machinists and Aerospace Workers (IAM) and have been on strike since September 13.
Persons: Organizations: Boeing, IAM, Service, International Association of Machinists, Aerospace Workers, Business
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. There was a brief period during the pandemic and the years after it when hybrid work, four-day workweeks, and flexible hours gave employees more power than ever before. And now, employee surveillance is on the rise. "That might create high staff turnover rates," he said, "and there are all sorts of costs associated with recruiting staff." Overall, Kayas held that whether staff surveillance is good or bad, or right or wrong, comes down to whether you're asking the employee or the employer.
Persons: , JPMorgan Chase, Leo Lukenas III, BofA, Oliver Kayas, Kayas Organizations: Service, Business, Street Journal, Bank of America, JPMorgan, of America, Army, Liverpool John Moores University, Citigroup
I'm a senator," Helmy told me. "Whether you're here for a day, or three months, four months, or 40 years, you're a United States Senator." "I see myself as sort of continuing my prior roles as a staffer," Helmy told me. Sitting in Menendez's former office, Helmy also lamented the way the long-serving New Jersey senator's career came to an end. "Bob's office was the office you always competed with," Helmy noted, referencing his own time with Booker and former Sen. Frank Lautenberg.
Persons: George Helmy's, Helmy, you've, Sen, Bob Menendez, Phil Murphy, Menendez, I'm, Cory Booker, Bill Clark, who've, Joe Biden's, Patty Murray, Kamala Harris —, he's, Frank Lautenberg —, Helmy —, Chris Christie, Jeff Chiesa, Democratic Sen, Mo Cowan, John Kerry, Cowan —, , George, — Mo Cowan, Chiesa, Booker, Booker aren't, Michael Bennet, Colorado Sen, John Hickenlooper, Murphy, Andy Kim, Tammy Murphy, Kim, Menendez's, Semafor, Bonnie Cash, Curtis Bashaw, Frank Lautenberg, there's Organizations: Service, Capitol, Garden State, Democratic Gov, Coptic, Getty, Pro Tempore, Society of, Republican, Democratic, State, Society, Colorado, Port Authority of New, GOP, New Jersey senator's Locations: Sen, New Jersey, States, Coptic American, Washington, Pennsylvania, Jersey, Massachusetts, Denver, Port Authority of New York, Garden
Read previewMario Vasquez Zuniga, 29, got a taste of entrepreneurship three years before he launched his own business. In 2023, Vasquez Zuniga quit his job and cofounded Collective, a consulting firm, with former colleague Thea Appling. Vasquez Zuniga is a first-generation college graduate who earned his degree from San Francisco State University in 2016. Vasquez Zuniga has another advantage: He's a native Spanish speaker, and he said nearly all of the people he works with are bilingual. Vasquez Zuniga added that setting milestones is also key for new entrepreneurs.
Persons: , Mario Vasquez Zuniga, Vasquez Zuniga, Thea Appling, " Vasquez Zuniga, who's, undervalue, they've, hasn't Organizations: Service, Lucas Public Affairs, Business, Treasury Department, Bureau of Labor Statistics, San Francisco State University, Small Business Administration, CPA, Sacramento Valley Small Business Development Center, Immigrants Locations: Palmdale , California, Sacramento, El Salvador, Spanish
More retail bosses have walked the plank post-pandemic, with boards demanding better performance. Being CEO of a retail company is not an easy job right now. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJohn Donahoe is the latest retail CEO to hit the chopping block.
Persons: , John Donahoe, Elliott Hill, Neil Saunders Organizations: Nike, Service, GlobalData Retail, Business
Instead of Check Ins only being set up manually, people are getting suggestions popping up on their iPhone screens to remind them to set up a Check In — with random contacts, like exes and bosses. Some people are getting "Check In" suggestions on their iPhones. But the suggestion isn't mutual — Max told me he sometimes gets a suggestion to Check In with his upstairs neighbor. AdvertisementIt's possible to turn off "Siri Suggestions" in both Messages and Maps — which might stop this feature. But this would also mean any other helpful Siri suggestions you like would get turned off.
Persons: you've, We've, Max, Siri, we're, They're, Apple, Kylie Robison, Robison, John Organizations: Service, Business, Apple
In his experience, his best employees have different qualities and skills than he does, says the billionaire founder of Kind Snacks. "You want to be careful not to hire the same person you are," Lubetzky, 56, tells CNBC Make It. Humans are more inclined to collaborate with, befriend and even form romantic relationships with people who have similar interests, education, skills and values. Lubetzky learned the value of working with people who have opposing viewpoints at his first company, PeaceWorks, he says. There is one quality that bosses and employees should always share, Lubetzky says: values.
Persons: Daniel Lubetzky isn't, that's, Lubetzky —, Mark Cuban's, , Lubetzky, everyone's Organizations: CNBC Locations: Qualtrics
Corporate leaders can't "bulls---" their employees about the impact of artificial intelligence on the workforce and the ways in which the technology will affect jobs more broadly, according to one tech billionaire. "If I could give any advice, it's that everybody should be a student of AI and tech and not be afraid of it." Even though it's a given AI will impact the workforce, "none of us have it all completely figured out," he said. "If anybody comes in and tells you, 'I can tell you exactly how this is going to impact jobs and how it's going to impact everything we're doing,' they're lying. Kavanaugh co-founded WWT in 1990 with fellow St. Louis, Missouri-based entrepreneur David Steward as a reseller of technology equipment.
Persons: Jim Kavanaugh, Kavanaugh, David Steward Organizations: CNBC, Forbes, U.S, team Locations: Louis , Missouri, Los Angeles
Read previewThe bosses of big US companies are over hybrid work. Adding to the anti-remote vibes: a new snapshot of CEO sentiment that shows Jassy isn't alone in saying "so long, hybrid." About one in three CEOs said retirements and a lack of skilled replacements would have a big effect on their company. Only 54% of CEOs reported that their companies were "well-prepared" for a cyber attack. "The people that have generative AI and AI skills are going to have a big advantage in the marketplace over those that don't," he said.
Persons: , Andy Jassy, Jassy isn't, Paul Knopp, Amazon's, Knopp, there's, I'm, Nicholas Bloom, Bloom, Z, GenAI, what's Organizations: Service, Amazon, KPMG US, Business, IRL, Stanford, BI, GenAI Locations: upskilling
Read previewSaudi Arabia's new city of the future, Neom, isn't looking quite so glamorous just yet. A wave of vloggers and micro-influencers have been posting on social media about their lives in the still-developing desert city — and their posts are kind of falling flat. AdvertisementThis publicity image shows a design for "The Line," a part of the planned Saudi Arabian desert megacity in Neom. NeomAnd then there's the reality of what living in Neom currently looks like. The city of Neom did not immediately respond to a request for comment from Business Insider, nor did Herman.
Persons: , Saudi Arabia's Crown Prince Mohammed bin Salman, Jessica Herman, Herman, It's, Herman who's, vloggers, Sara Sarasid, Aida McPherson, Joshua Hind, Matt Bevan, Herman's, we've, Neom Organizations: Service, Saudi Arabia's Crown, Business, ABC News, BBC, Saudi, Wall, Variety Locations: Saudi, Neom, KSA
Some people think asking questions — to friends, peers or bosses — can make you look weak or insecure. But the simple act can actually help you garner influence and even get the people around to you change their minds, says communication expert Matt Abrahams — if you know the right questions to ask. "Asking a question puts you in a position of power," Abrahams, a Stanford University lecturer, tells CNBC Make It. Asking good questions "demonstrates you care, it demonstrates empathy, it demonstrates you're willing to learn and, in some cases, admit you don't know everything," he adds. Here's how to ask the right questions, at work, home and in your social life, to get ahead and strengthen relationships, he says.
Persons: , Matt Abrahams —, Abrahams, Here's Organizations: Stanford University, CNBC
Read previewThis as-told-to essay is based on a conversation with a 42-year-old vice president at a Wall Street bank in New York City. I work in tech for a Wall Street bank, and I quiet vacation. I do the bare minimum work for my Wall Street job because the pay and bonuses aren't as good as they used to beI wanted to work on Wall Street because of the money. Even on Wall Street, it seems like once people fall into a way of thinking, they stick with it their entire lives. On Wall Street, it's more important not to make any mistakes than to see how many hours someone can sit in an office.
Persons: , I've, he'd, I'm, Lauryn Haas Organizations: Service, Business, Microsoft, lhaas Locations: New York City, Virginia, Atlantic City, Ocean City
A Business Insider reporter found out by enlisting in the city's 'elite squad of anti-rat activists.' What's on deck:This story is available exclusively to Business Insider subscribers. In February 2023, it announced plans to require most office workers to show up in-person three days a week. And in the hyper competitive world of Big Tech, other tech giants might follow suit rather than risk getting bad-mouthed by rivals to their clients. How can insert Big Tech company really serve you best when its people are home half the time?
Persons: , RTO Nickilford, Maria Ivanova, Getty, Tyler Le, Andy Jassy, Slack, It's, Miranda Jones, Donald Trump, Trump, Fundstrat's Tom Lee, Elon Musk, Joe Biden, Kamala Harris, Apple's, TikTok, Chris Williams, We're, Stephen Nedoroscik, Anna Delvey, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, New York, Business, Amazon, Big Tech, Employees, McKinsey, Trump Media, Vanguard, Anadolu, Getty, Elon, Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, DOJ, Microsoft, Open, It's Locations: New, North America, New York, London
Read previewSorry, Amazon employees. CEO Andy Jassy announced on Monday that starting next year, Amazon employees must be in the office five days a week. Amazon's announcement comes after 15 months of hybrid work — employees had to be in three times a week. Some employers like Amazon are looking to take back powerIn the pandemic era, the labor market favored office workers. Oftentimes, introverted employees work better outside the office, and some people find that the pressure of in-person work can stifle productivity and deep thinking, Duffy said.
Persons: , Andy Jassy, Goldman Sachs, Caitlin Duffy, Duffy, Julia Hobsbawm, Hobsbawm, Amazon's Jassy, Jassy, Nicholas Bloom, who's, Bloom, what's, Deborah McGee, McGee, Gen Z, they're Organizations: Service, Business, Slack, Employees, JPMorgan, Gartner, Stanford, Research, Data Technologies, PZI Locations: America
Here's why Americans are going back to Chili's
  + stars: | 2024-09-14 | by ( Ryan Baker | ) www.cnbc.com   time to read: +1 min
"Our marketing team has done a great job of getting back into what we call the zeitgeist or being relevant again," Kevin Hochman, CEO of Chili's parent Brinker International , told CNBC. A viral social media presence and a push toward value-oriented advertising have propelled sales growth every quarter of fiscal 2024. The brand grew rapidly in the early 2000s, but in the decade that followed the Great Recession, Chili's U.S. locations declined and sales growth flattened. It made Chili's fun again," said Joe Wilson, managing partner of a Chili's in East Rutherford, New Jersey. Watch the video to learn more about how Chili's made a comeback.
Persons: Kevin Hochman, David Palmer, Brinker, We've, Joe Wilson, Chili's Organizations: Brinker International, CNBC, Evercore ISI Locations: U.S, East Rutherford , New Jersey
Top bosses at Berkshire Hathaway are usually tight-lipped about their market outlook, but recent investment actions from the executives are saying a lot. News broke earlier this week that Ajit Jain, the conglomerate's insurance chief for nearly 40 years, sold more than half of his Berkshire stake worth $139 million. That marked the biggest sale of Berkshire stock by the 73-year-old vice chairman of insurance operations since he was hired by Warren Buffett in 1986. He believes it would be "value-destroying" if he overpaid for Berkshire shares. But the magnitude of the sales could also suggest a bearish attitude toward the market and stock valuations.
Persons: Berkshire Hathaway, Ajit Jain, Warren Buffett, Jain, Ajit, Steve Check, Buffett, Brian Meredith, Meredith Organizations: Berkshire, Berkshire Class, Check Capital Management, Berkshire Hathaway, UBS, BNSF Railway, of America, Apple, Buffett, Bank of America Locations: Berkshire, Omaha, U.S
His attorney told CNN Patterson is expected to retire as a major, one rank below lieutenant colonel, by November 1. His case is perhaps the most high-profile example of a problem women say has plagued the New Hampshire National Guard for years: A toxic, sexist work environment. The New Hampshire National Guard told CNN in a statement that 2023 was an anomalous year for sexual assault reports. “There’s way too much of ‘foxes guarding the henhouse’ in every angle of the [National Guard Bureau],” the IRC member said. “The National Guard belongs to the governors, and so they can do what they want.”The office of New Hampshire Gov.
Persons: Mark Patterson, Patterson, , he’d, CNN Patterson, , Kennith Kruger, Patterson “, , Katrina Dupuis, Dupuis, weren’t, ’ ” Dupuis, ” Dupuis, she’d, “ aren’t, David Mikolaities, didn’t, Emily Paige Kamal, ” Kamal, Kate Kuzminski, ” Kuzminski, Maj, Charles Johnston, Chris Sununu, Sununu, Jaleesa Ackerman, Ackerman, ’ ”, Keri Wareing, Wareing, ” Wareing, Jeanne Shaheen, they’ve, Shaheen, OCI, Shaheen “, They’re Organizations: CNN, New Hampshire National Guard, Army, National Guard, Guard, New Hampshire National, New Hampshire National Guard’s Army, Department of, New, New Hampshire Department of Military Affairs, Veterans Services, The New Hampshire National Guard, , Pentagon, Military, Veterans, Center, New American Security, Pembroke , New Hampshire . Tech, Defense, Independent Review Commission, National Guard Bureau, New Hampshire Gov, Services, Manchester Police Department, Mikolaities, Criminal, Organization, Independent, Capitol, Senate Armed Services Committee, Senate National Guard Caucus Locations: New Hampshire, Wyoming, NH, The, New American, Pembroke , New Hampshire, New
Bosses forcing RTO may regret it
  + stars: | 2024-09-12 | by ( Tim Paradis | ) www.businessinsider.com   time to read: +1 min
Hybrid work can boost revenue growth, McKinsey research shows. Companies with hybrid work setups reported higher sales growth than those with fixed work locations. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
Persons: Organizations: McKinsey, Companies, Service, McKinsey & Co, Business
Read previewWhen Vice President Kamala Harris announced that she was running for president on July 21, she changed more than the dynamics of the race — she upended the entire timeline of presidential elections. AdvertisementMichael Sistak, who served as Sen. Mitt Romney's political director in Michigan in 2012, described a presidential campaign as a "long slog through the mud." AdvertisementIn the 1960s, primaries became a fixture of presidential elections and added months to the campaign. The primary system emerged as a decisive force after World War II and solidified its place in the American presidential election process in 1968. "It's a slog from January all the way to the convention," she said about presidential election years.
Persons: , Kamala Harris, Harris, Donald Trump, Rachael Cobb, Cobb, Joseph Campbell, Tim Hogan, Hillary Clinton, Amy Klobuchar, they're, Michael Sistak, Sen, Mitt Romney's, Hogan, Sistak didn't, — Campbell, Eugene McCarthy, Hubert Humphrey, Humphrey, Charles Stewart, Stewart, Sistak, Clinton, Daron Shaw, Shaw, isn't, we've Organizations: Service, Business, White House, Suffolk University, American University, White, Romney's, MIT, Politics, UT Austin, Democratic, Republican Locations: Michigan
A new report details chaos and feuds among bosses working on the Saudi Arabian Neom project. The Wall Street Journal said two people working on the project got into a physical fight. Saudi Arabia is plowing trillions of dollars into building the Neom megacity. Go to newsletter preferences Thanks for signing up! AdvertisementA dispute between a Neom executive and construction manager degenerated into a physical brawl, according to a report by The Wall Street Journal.
Persons: , Antoni Vives Organizations: Street Journal, Service, Wall Street, Business Locations: Saudi Arabian, Saudi Arabia, Spain
He's coached soccer greats Lionel Messi and Kylian Mbappé — and now Mauricio Pochettino will be taking the helm of the U.S. Men’s National Team, ending the high-profile search for the person to lead the team into the 2026 World Cup on home soil. “I am so excited to become the new head coach of [the] U.S. men’s national team. The men’s national team is coming off a stinging and humbling experience at this summer’s Copa America, which was also played in the U.S. Pochettino and the U.S. Men’s National Team now find each other at perhaps a perfect — or imperfect — time. The Copa America laid bare some glaring deficiencies, including at center-back, full-back and even goalkeeper, long a position of strength for the national team.
Persons: He's, Lionel Messi, Kylian, Mauricio Pochettino, , Pochettino, Germain, Emma Hayes, Mauricio, Cindy Parlow Cone, should’ve, Gregg Berhalter, Christian Pulisic, Robin Alam, Matt Crocker, Crocker, he’s, Harry Kane, Paris Saint, who’d, Todd Boehly, Christian, Weston McKennie, Tim Weah, Folarin Balogun, it’s Organizations: Men’s, men’s, Argentine, Chelsea, Tottenham Hotspur, Paris Saint, . Soccer, Copa America, CONCACAF Nations League, AC Milan, USMNT Sporting, TNT, Southampton, Tottenham, Premier League, Spurs, Champions League, Liverpool, League, PSG, French Super, Clearlake Capital, U.S, Men’s National Team, CONCACAF Locations: U.S, England, Paris, France, Netherlands, Italy, Mexico, Canada, Southampton, London, Pochettino’s, Chelsea
As a new school year begins, I reminisce about unwrapping fresh school supplies and reuniting with friends after a summer apart. It's my biggest regret from college: I don't wish I worked harder or studied more — I wish I cared less about my GPA. The sacrifices I made to get near-perfect grades seemed worth it when I graduated from Northwestern with honors in 2019. And if you're planning on getting a postgraduate degree, like going to law or medical school, your GPA will be an integral part of your admission decision. Those, I believe, will do more for your career prospects than a 4.0 ever could.
Persons: I'm, , Chelsea Jay, Jay Organizations: Northwestern University, Medill, Northwestern, CNBC Locations: Evanston , Illinois, Lake Michigan, Northwestern, New Jersey
Calling in sick is now a lot more complicated
  + stars: | 2024-09-08 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +6 min
But despite their industrious reputation, predominantly white-collar Americans who do receive paid time off are taking more sick leave than ever before. AdvertisementBut HR professionals told Business Insider there's another major shift affecting attitudes toward sick leave: the arrival of Gen Z in the office. He said he believed that Gen Z workers' expectations may seem unorthodox because the differences between Gen Z and millennials are starker than generational differences in the past. Pressure to keep workingIn the UK, where legislation has entitled all workers to sick pay since 1983, the issue of sick leave isn't as pertinent. How to treat a sick employeeThough some data suggests US workers are taking more sick days, they're hardly becoming slackers.
Persons: , Gen Z, Rue Dooley, Xer, Dooley, Z, Xavier Lorenzo, Getty, Gen, Cary Cooper, Cooper, that's, they're Organizations: Service, US Bureau of Labor Statistics, Business, Society for Human Resource Management, Chartered Institute, Personnel, University of Manchester, Pew Locations: Europe, California
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