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☆ MrBeast's breakup with his talent manager is a wakeup call that influencers won't always need middlemen
▼ + stars: | 2024-05-13 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +5 min

YouTube star MrBeast has parted ways with his talent manager after six years. AdvertisementMrBeast broke up with his talent manager of six years, and it's a wake-up call. YouTube's biggest star striking out alone could signal that creators may not always need middlemen. "He's just taking control of his brand," Varbanova said. An in-house team would likely have a narrower network than a talent agency and be able to offer less support with other tasks.

Persons: MrBeast, —, Jimmy Donaldson, Donaldson, Reed Duchscher, Semafor, Duchscher, Donaldson's, influencers, Nikita Walia, Walia, Katya Varbanova, Gleam, Alfie Deyes, Jim Chapman —, Raff McDonald, Varbanova, Burger, He's, It's, he's, Courtney Bagby Lupilin, Lupilin, doesn't Organizations: Service, Night Media, Bloomberg, Blank, Inc, YouTube, Little Red Management Locations: Dallas, —

☆ Jeff Bezos, Elon Musk, and other tech titans' most unconventional management practices
▼ + stars: | 2024-05-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Elon MuskElon Musk isn't a big fan of people being in meetings if they're not contributing value. Christian Marquardt - Pool/Getty ImagesMusk, the CEO of companies including Tesla and X, formerly Twitter, has described himself as a "nanomanager." Consistent with that style, Musk doesn't like delegating and last year told Tesla staff he wanted to personally approve all new hires . Musk also encourages people to leave meetings rather than stay in some cases. He's also said employees can feel free to buck the chain of command to get things done.

Persons: Elon, they're, Christian Marquardt, Tesla, Musk, He's Organizations: Getty

☆ 4 tips financial planners are always giving solopreneurs and small-business owners
▼ + stars: | 2024-03-06 | by ( Bella Sayegh | ) www.businessinsider.com time to read: +7 min

Solo business owners face unique challenges in managing business finances. Starting simple and delegating tasks are important skills to help owners stay organized. Build in necessary expensesSolopreneurs often operate all aspects of their business — building a product, dealing with customers, and keeping track of finances. Business owners should also be mindful of how they go about outsourcing these services , Camp added. Camp said these resources could help solo business owners build their teams and stay organized without losing money.

Persons: —, Rachael Camp, you’re, it's, ” Camp, Kathryn Knighton, Knighton, ”, Camp, “, ” Knighton, don’t Organizations: Service, Wealth, Camp, Business, Small Business Administration Locations: ” Knighton

Then, open separate business checking, business savings, and business credit card accounts to keep your personal and NIL business finances separate. To determine if you need to make quarterly estimated tax payments, consider having a CPA run a tax projection for you. Federal quarterly estimated tax payments typically include federal income taxes and self-employment taxes, which are 15.3% of your net income. State quarterly estimated tax payments vary by state, so check with your tax professional. Plan for multiple state income tax return filingsAs a student-athlete, it is likely that you will earn NIL income in multiple states.

Persons: — Organizations: Student, Service, NCAA, IRS, CPA, Block

☆ 35-year-old's design side hustle brought in $414,000 last year—and she only works on it 5 to 10 hours a week
▼ + stars: | 2024-02-22 | by ( Mike Winters | ) www.cnbc.com time to read: +5 min

Last year, Chisom Okwulehie's architectural design business, Juntero, brought in $414,000 in revenue. While Juntero's first sales were mostly one-off graphic design gigs, the company soon attracted bigger projects, like floor plans for small businesses. By the end of 2021, Juntero had garnered $55,000 in revenue. Getting started: 'I've always been a hustler'In early 2021, Okwulehie had just given birth to her daughter and was looking to secure more income for her family. With Juntero, however, she's able to do more design work for residential projects.

Persons: Okwulehie, Juntero, I've, Chisom Okwulehie, Zach Green, John F Organizations: Port Authority of New, CNBC, Port Authority, Kennedy International Locations: Port Authority of New York, New Jersey, Cliffside Park , New Jersey, Upper Nyack , New York, New York, Harrison , New Jersey, China, Texas, Juntero

☆ Major companies in China are setting up their own volunteer armies
▼ + stars: | 2024-02-21 | by ( Laura He | ) edition.cnn.com time to read: +12 min

Hong Kong CNN —Chinese companies are doing something rarely seen since the 1970s: setting up their own volunteer armies. According to China’s Military Service Law, male militia members should be 18 to 35 years old. It was latest in a slew of militias established by major Chinese companies in the past year. After 1949, when the party took control of mainland China, the units were eventually embedded into governments, schools and companies. This can, in the long run, save the PLA resources by delegating some duties to militia forces to care for,” Heath said.

Persons: Xi, ”, Neil Thomas, Nuo Nuo, Huang Zhiqiang, Qilai Shen, Liu Jie, Mao Zedong, Mao, Timothy Heath, homebuyers, Heath, ” Heath, Willy Lam, Sam Yeh, ” Lam, China’s Organizations: Hong Kong CNN, CNN, People’s Armed Forces Departments, America’s National Guard, Communist, Asia Society, Center for, Communist Party, China Labour Bulletin, Foxconn, Yili, Armed Forces Department, China’s Military Service Law, People’s Liberation Army, PLA, government’s Communist Party, Inner Mongolia Autonomous, Bloomberg, Getty, Shanghai Municipal Investment Group, Construction Investment, Development, Defense Ministry, People’s Armed Police, Armed, Rand Corporation, Jamestown Foundation, Party, Taiwan Locations: China, Hong Kong, Center for China, Beijing, Zhengzhou, Henan, Hohhot, Inner Mongolia, Yili, Shanghai, Mengniu, Nantong city, Jiangsu, Huizhou city, Guangdong, Wuhan, Hubei province, People’s Republic, United States, Taiwan, Fangchenggang City, Guangxi, ”, PLA, Taiwan's, AFP

☆ Mark Zuckerberg shares one of his most controversial leadership principles
▼ + stars: | 2024-02-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

The Meta CEO called it one of his "most controversial" management principles on a new podcast episode. He thinks a founder should "make as many decisions and get involved in as many things as you can." Mark Zuckerberg says one of his "most controversial" principles as a business leader is that he doesn't like delegating responsibility. "I think probably one of my most controversial leadership or management things is like I don't actually believe in delegating that much. Zuckerberg had said during an employee Q&A around that time that he didn't want a "management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."

Persons: Mark Zuckerberg, there's, Zuckerberg

☆ Gen Z may be on track to kill middle management
▼ + stars: | 2023-12-05 | by ( Lindsay Dodgson | Sawdah Bhaimiya | ) www.businessinsider.com time to read: +12 min

The result may be that Gen Z largely kills off middle management roles for good. AdvertisementIt may even be that Gen Z kills off middle management for good. Success looks different to Gen ZBen Voyer, an ESCP Business School professor and founder of the Gen Z Observatory, told BI that his research showed that "success takes many more different forms" for Gen Z workers. Advertisement"It seems like the employees like to blame the middle managers, and the leadership likes to blame middle managers," she said. AdvertisementKing also agreed that Gen Z rejecting middle management is not because they're work-averse or lazy.

Persons: —, Wendy, — millennials, Zers — Wendy, wasn't, Millennials, Gen Zers, Vivian Lynn, dwindles, Z Ben Voyer, Michelle P, Netflix's, it's, King, Morgan Sanner, they're, Sanner, Voyer, there's, Gen, Zers, they'll, haven't, millennials, Lynn, she's Organizations: Service, Business School, Resource Solutions, American Staffing, Harris, Pew Research Center Locations: America

☆ Nearly half of CEOs believe AI could replace their own jobs, says new poll—and 47% say that's a good thing
▼ + stars: | 2023-09-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Nearly half of CEOs — 49% — say AI could effectively replace "most," or even "all," of their own roles, and 47% say it might even be a good thing, according to a survey from online education platform edX. The poll, published on Tuesday, surveyed 1,600 full-time U.S. workers, including 800 C-suite executives and CEOs, as well as 800 non-executive workers. "It is clear that a majority [of executives] think that AI is going to be transformative," he tells CNBC Make It. It could also tackle other CEO responsibilities, like analyzing market data and brainstorming ways to improve a business' operations, some experts say. Delegating those mundane tasks could help CEOs focus on "the things that make them CEOs ... vision and dreaming about new products and selling," Agarwal says.

Persons: Anant Agarwal, Agarwal Organizations: —, MIT, CNBC Technology, CNBC

☆ TikTok is paying a small army of creator coaches to help influencers make money from livestreams
▼ + stars: | 2023-09-13 | by ( Marta Biino | Dan Whateley | ) www.businessinsider.com time to read: +5 min

TikTok creators make money from livestreams by receiving virtual items from fans that can be converted into real money. Dozens of agencies have joined the TikTok Live partner program, two sources told Insider. How agents are helping creators boost livestream performanceUnsurprisingly, there is no single growth strategy that applies to all TikTok Live creators. "What's great about TikTok Live is that we get to see the data in real-time," Herndon said. On top of the agency program, TikTok also offers an "accelerator program" for individual creators who have already found success with livestreams to help them scale further.

Persons: TikTok, Salome Khazaradze, Khazaradze, Jack Healy, Bill Herndon, Herndon, Joseph Sottile, livestreams Organizations: Google, TikTok Spartans, ATRX Agency Locations: Europe

☆ Kentucky Gov. Andy Beshear won't say if he'd follow the state's new Senate vacancy law and appoint another Republican if McConnell steps down
▼ + stars: | 2023-09-02 | by ( Katie Balevic | John L. Dorman | ) www.businessinsider.com time to read: +5 min

A 2021 law would require Beshear to appoint a Republican to the Senate should McConnell step down. Beshear attempted to veto that law at the time and could defy it if McConnell ever vacated his seat. AdvertisementAdvertisement"If Mitch does leave office, I think (Beshear) will appoint who he wants to appoint and let them challenge it in court. Some Kentucky Republicans, however, have said McConnell should have stepped down last year. Scott Jennings, a McConnell advisor, told The Post that the senator seemed fine during a Wednesday evening GOP fundraiser.

Persons: Andy Beshear, Mitch McConnell's, Beshear, McConnell, Mitch McConnell, Beshear —, — wouldn't, I'm, Brian P, Monahan, McConnell vacates, Michael Abate, Abate, he's, Jared Smith, Beshear's, Mitch, That's, Smith, Bob Barney, didn't, Scott Jennings, Jennings Organizations: Republican, Service, GOP, Democrat, Washington Post, Capitol, Kentucky Republicans, Louisville Courier, Republican Party, Courier, Post Locations: Wall, Silicon, Kentucky, Louisville, Frankfort, Jessamine County

☆ Managers say Gen Zers aren't getting work done and lack basic social skills – and it's driving them crazy
▼ + stars: | 2023-08-31 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Some Gen Z managers told Insider they're fed up with their young workers. While Gen Z employees struggle to fit in at work, some bosses aren't sure how to lead them. In a public callout, Insider asked managers to share their experiences overseeing Gen Z workers. More than 20 people, ranging from millennials to baby boomers, sent emails describing their experiences managing Gen Z. India-based career coach Abhijit Bhattacharya told Insider that many Gen Z employees are looking for more meaningful work over higher pay.

Persons: aren't, Gen, they're, Gen Zers, Zers, Jeff Elkins, Elkins, Amber Forrest, Forrest —, Sean Cusack, he's, Cusack, Abhijit Bhattacharya, Bhattacharya, Gianna Driver, Michael Yan, Z Organizations: Service, Wall Street Journal Locations: Wall, Silicon, Florida, India

☆ The No. 1 sign of a toxic workplace—'it can get messy, fast' warns career expert
▼ + stars: | 2023-08-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

The biggest red flag of a toxic workplace is actually a common leadership style: 73% of workers consider micromanagement as the No. 1 sign to watch out for, and 46% identify it as a reason they would quit, according to a new Monster poll of more than 6,000 workers. Micromanagement often stems from a boss's lack of confidence and trust in their employees, Monster career expert Vicki Salemi tells CNBC Make It. And trust issues between employees and managers "have only worsened" as remote and hybrid work have become more popular, she adds. Research suggests that managers don't always trust employees to be productive when working remotely.

Persons: Vicki Salemi Organizations: CNBC, Research

Mr. Smith is not the first special counsel to investigate Mr. Trump. Mr. Smith, by contrast, faces no such limits given that Mr. Trump is no longer in office. Mr. Mueller said little when faced with a barrage of falsehoods pushed publicly by Mr. Trump and his allies about him and his investigative team. During Mr. Trump’s arraignment in Miami in June, Mr. Smith sat in the gallery, closely watching the proceedings. Some in the courtroom suggested he stared at Mr. Trump for much of the hearing, sizing him up.

Persons: General Merrick B, Garland, Jack Smith’s, Donald J, Trump, Smith, Maddie McGarvey, The New York Times “, ”, Ryan Goodman, Trump’s, Robert S, Mueller, Smith —, —, Goodman, Smith “, Edgar Hoover, Mueller III, Anna Moneymaker, Ted Stevens, “, Robert McDonnell, Rick Renzi, James, Smith’s, Jay I, Bratt, Cooney, Robert Menendez, Greg Craig, Obama, Andrew G, McCabe, Roger J, Stone Jr, William P, Barr, Aaron Zelinsky, Thomas P, Windom, Peter Dejong Mr, John H ., Carlos F, legwork, sotto, intently, Alan Feuer Organizations: White, The New York Times, New York University School of Law, Capitol, Washington, Department, Just Security, Trump, U.S, New York Times, Justice Department, Justice, Republican, Supreme, Mr, Department of Justice, Democrats, Robert Menendez of New, Hague, Credit, House Republicans, U.S . Postal Inspection Service Locations: Washington, The Hague, Russia, Alaska, Virginia, Arizona, Robert Menendez of, Robert Menendez of New Jersey, U.S, Netherlands, John H . Durham, ’, Miami

☆ Coinbase is a crypto conundrum, squared
▼ + stars: | 2023-07-20 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +7 min

Shares in Coinbase got a major boost after money management behemoth BlackRock (BLK.N) applied to launch a bitcoin-backed exchange-traded fund this month with Coinbase as its custodian. Coinbase shares are up nearly 54% in July, handily beating the tech-heavy Nasdaq Composite Index (.IXIC), which rose 4%. Price targets range widely: analysts polled by Refinitiv think Coinbase is worth anywhere from $8 billion to nearly $50 billion. Coinbase investors would therefore be unwise to count on a judge delivering Coinbase a win. Given bitcoin’s current $584 billion market capitalization, that suggests $74 billion of ETFs would not be much of a stretch.

Persons: Brian Armstrong, Coinbase, behemoth BlackRock, –, Gary Gensler, there’s, Goldman Sachs, Cowen, Refinitiv, Armstrong, Sam Bankman, Larry Fink, Charles Schwab, doubters, Ripple, John Foley, Streisand Neto Organizations: YORK, Reuters, Securities and Exchange, Nasdaq, SEC, Citigroup, Commodity Futures, BlackRock, Bank, New York Mellon, Interactive, Securities and Exchange Commission, Thomson Locations: Washington, United States, U.S

☆ Lukashenko's mediation in Kremlin crisis stretches credibility
▼ + stars: | 2023-06-25 | by ( Nathan Hodge | ) edition.cnn.com time to read: +3 min

CNN —Nearly three years ago, Russian President Vladimir Putin stood by Belarusian President Alexander Lukashenko in his hour of need, backing Europe’s longest-running dictator as he faced a wave of street protests. Now Lukashenko appears to have come through for Putin, if we are to believe what the Kremlin and the Belarusian presidential press service tell us. A quick recap: A major crisis shook the foundations of the Russian state Saturday, as forces loyal to Wagner mercenary boss Yevgeny Prigozhin marched toward Moscow. And the Kremlin and Belarusian account of Lukashenko’s mediation appear to stretch credibility. And it was his personal proposal, which was agreed with President Putin.

Persons: Vladimir Putin, Alexander Lukashenko, Europe’s, Lukashenko, Wagner, Yevgeny Prigozhin, Prigozhin, —, –, Dmitry Peskov, Alexander Grigoryevich, Putin, Peskov, “, what’s, Putin —, Russia —, Delegating Lukashenko, Prigozhin’s Organizations: CNN, Putin, Kremlin Locations: Russian, Moscow, Belarus, Russia, Ukraine, Belarusian, Africa

☆ A former CEO shares 5 tips on how to grow as a leader without burning out
▼ + stars: | 2023-06-08 | by ( Susan Margolin | Kellogg Insight | ) www.businessinsider.com time to read: +8 min

One step is to build a "circle of influence" filled with people who can help you make an impact. But the path forward is not always obvious, says Sanjay Khosla, senior fellow and adjunct professor of marketing at the Kellogg School and trained executive coach. "When you're stressed out, there's a mismatch between what you want to be doing and what you're actually doing," Khosla says. As part of her circle of influence, Maya identified her manager, a few peers, a senior sales leader in her company, and a handful of people outside the company. "Look at everything from another person's point of view, rather than just telling them what you're doing," he says.

Persons: Sanjay Khosla, Khosla, —, Maya's, delegating, Maya, Susan Margolin Organizations: Kellogg School, Service, Kraft Foods International, Maya Locations: Boston

☆ Jamie Dimon denies knowledge of JPMorgan concerns over Epstein in lawsuit deposition
▼ + stars: | 2023-06-01 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +6 min

Dimon made the remarks in a deposition for lawsuits against the bank related to its alleged role in Epstein’s sex trafficking crimes. Dimon testified that he had never personally met or spoken over the phone with Epstein. Dimon testified that the bank’s general counsel would have had the final say to cut ties with a client like Epstein. According to Dimon, Staley and Erdoes could not have overridden the general counsel. “What has become clear is that Epstein could not have run his sex trafficking operation without the valuable assistance of JPMorgan, Chase.

Persons: Jamie Dimon, Jeffrey Epstein’s, Dimon, Epstein, James “ Jes ” Staley, wasn’t, JPMorgan Chase, Staley, who’s, ”, Jeffrey Epstein, JPMorgan’s, Steve Cutler, ” Dimon, Cutler, Jes Staley, Mary Erdoes, Erdoes, “ Mr, Brad Edwards, ” Edwards, I’m, “, CNN’s Poppy Harlow Organizations: New, New York CNN, JPMorgan, CNN, Virgin Islands, Chase, Firm Locations: New York, Virgin, Florida

JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris. JPMorgan Chase CEO Jamie Dimon testified last week that top bank executive Mary Erdoes and the firm's then-head lawyer had the authority to boot sex predator Jeffrey Epstein as a customer well before Erdoes finally took that step in 2013. During his deposition, Dimon was shown an email that JPMorgan's then-general counsel Cutler Cutler sent Erdoes about Epstein on July 21, 2011. In that email, Cutler wrote: "I would like to put it and him behind us. Cutler, in his own deposition last week, "testified under oath that Jes Staley and Mary Erdoes made the decision to retain Epstein as a customer of the bank," a lawyer told Dimon.

Persons: Morgan, Jamie Dimon, JP Morgan, JPMorgan Chase, Mary Erdoes, Jeffrey Epstein, Erdoes, Dimon, Stephen Cutler, Epstein, JPMorgan's, Cutler Cutler, Cutler, Jes Staley, Mr, Staley, JPMorgan Organizations: US, JP, JPMorgan, CNBC, U.S, U.S Virgin Islands, U.S . Locations: Paris, U.S Virgin, Manhattan, U.S, U.S . Virgin Islands, New York

☆ Russia's irregular commanders, like the Wagner boss, are trying to force a top general's hand and risking throwing operations into chaos, war experts say
▼ + stars: | 2023-05-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Irregular commanders, like Prigozhin, appear to be calling more of the shots in Ukraine, war experts say. Yevgeny Prigozhin, the group's founder, and his fighters have routinely criticized Russia's top military officials over their handling of Russia's faltering war in Ukraine. In threatening to do so, the two "likely effectively blackmailed" Russia's military command into giving resources to Wagner, the ISW said in a Monday assessment. Graves of Russian Wagner mercenary group fighters are seen in a cemetery near the village of Bakinskaya in Krasnodar region, Russia, on January 22, 2023. Meanwhile, Prigozhin marked the occasion by feuding with Russia's military leadership, attacking their ability to defend the country.

☆ German artist nearing 100,000 cobblestones to mark victims of Nazis
▼ + stars: | 2023-05-05 | by ( Tilman Blasshofer | ) www.reuters.com time to read: +3 min

By placing Stolpersteine ("stumble stones") outside the victims' last known address, 75-year-old Gunter Demnig aims to draw attention to the fate of individuals in the Holocaust. Nearly 100,000 cobblestones later, they can be found in 30 countries across Europe, from Finland to Italy, Hungary, Russia and Ukraine. "I never dreamed of this," Demnig said, saying he had expected a few hundred or maybe 1,000 stones. They commemorate all groups of the Nazis' victims, including Jews, Sinti and Roma, political opponents, gay people and "antisocial elements", or criminals. Both were murdered," said Demnig as prepares to lay two stones outside the house in Cologne where they lived.

☆ 9 bits of wisdom that my mentors from PayPal, Facebook, and LinkedIn gave me that I still use today as a CEO
▼ + stars: | 2023-05-02 | by ( Deb Liu | ) www.businessinsider.com time to read: +15 min

Mentors can give us advice and guidance, helping us in ways that others, who are too close to the problem, never can. When I sought her advice, she didn't tell me where I should choose to go; instead, she gave me this kernel of wisdom. He advised me to defer my acceptance and try to get into business school instead. I was about to learn that the skills that make you a great individual contributor PM do not always make you a great manager. If you don't have a mentor, I highly recommend finding one (check out my last post on mentors for tips!).

Washington CNN —The Supreme Court agreed Monday to reconsider long held precedent and decide whether to significantly scale back on the power of federal agencies in a case that can impact everything from how the government addresses everything from climate change to public health to immigration. Conservative justices have long sought to rein in regulatory authority, arguing that Washington has too much control over American businesses and individual lives. The justices have been incrementally diminishing federal power but the new case would allow them to take a much broader stride. Clement argued that the agency exceeded its authority and needed direct and clear congressional authorization to make the demand. The regulation was put in place to combat overfishing of the fisheries off the coasts of the US.

☆ Future-Proofing the Board of Directors
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +29 min

Governance structures and practices should position the board to provide objective judgment and active oversight supported by board leadership, which is separate from and independent of company management. The board should design governance structures and practices that support it in determining board priorities, agendas, and information needs. The board should create governance structures and practices that ensure that directors are competent, committed, and diverse and that board and committee composition align with the company’s changing needs. Developing and supporting a positive and ethical corporate culture (see Corporate and Board Culture below). Corporate and Board CultureA strong board and corporate culture is imperative for a company’s success.

☆ 33-year-old mom makes $40,000 a month in passive income—and lives on a sailboat: How I work 'just 2 hours a day'
▼ + stars: | 2023-04-04 | by ( Michelle Schroeder-Gardner | ) www.cnbc.com time to read: +2 min

Michelle Schroeder-Gardner quit her job in 2013 to work on her blog Making Sense of Cents full-time. In 2011, I started a personal finance blog, Making Sense of Cents, to track my journey to becoming debt-free — and it took off fast. I work just two hours a day and get to spend the rest of my time traveling the world. When I first started, I poured hours of work into the blog. But over the years, I've worked towards making my business as passive as possible.

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