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“I have argued for years that the biggest banks in the world are still too big to fail. In practice, however, the economic damage would be considerable.”Keller-Sutter was at the center of a government-orchestrated rescue of Credit Suisse by its larger rival UBS (UBS) earlier this month. Global standards for dealing with teetering “too big to fail” banks were key a part of the package of rules introduced after the global financial crisis. They were designed to make it possible to wind down a big bank without destabilizing the financial system or exposing taxpayers to the risk of losses. The rest is lent out at higher interest rates or invested, because that’s how big banks make most of their profit.

“I have argued for years that the biggest banks in the world are still too big to fail. In practice, however, the economic damage would be considerable.”Keller-Sutter was at the center of a government-orchestrated rescue of Credit Suisse by its larger rival UBS (UBS) earlier this month. They were designed to make it possible to wind down a big bank without destabilizing the financial system or exposing taxpayers to the risk of losses. Although some investors in Credit Suisse bonds lost everything, Swiss taxpayers are still on the hook for up to 9 billion Swiss francs ($9.8 billion) of potential losses arising from certain Credit Suisse assets. The rest is lent out at higher interest rates or invested, because that’s how big banks make most of their profit.

☆ Amazon and Meta's 48,000 job cuts usher in Big Tech's new mantra: Revenue per employee
▼ + stars: | 2023-03-21 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Amazon and Meta say their combined 48,000 job losses are about getting leaner. All told, the two firms have cut 48,000 jobs across two waves of layoffs in less than six months. Discussing Twitter's remaking under new owner Elon Musk, Rabois noted that Musk is "steering hard" in terms of revenue per employee. A 2009 analysis of Big Tech's performance found Google's revenue per employee was over $1 million, the highest of all tech firms. Management experts say that cuts make workers jittery, weakening their productivity and firms' ability to bring in new talent.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ The job cuts by companies like Uber and GM targeting low performers show CEOs are taking a hard-line approach to management
▼ + stars: | 2023-03-04 | by ( Rebecca Knight | Marguerite Ward | ) www.businessinsider.com time to read: +6 min

To wit, GM this week said it was axing roughly 500 salaried positions in performance-related job cuts. Business advisors who work with executives told Insider that companies conduct what are sometimes called "quiet layoffs" for two main reasons. Job cuts send a potent messageGM this week said it was axing roughly 500 salaried positions in performance-related job cuts. He recently told Insider that the widespread layoffs in tech are more likely due to companies parroting each other rather than necessary cost-cutting. In other words, a rival's announcement of job cuts gives other companies reason to follow suit.

☆ I'm a Stanford professor who's studied organizational behavior for decades. The widespread layoffs in tech are more because of copycat behavior than necessary cost-cutting.
▼ + stars: | 2023-02-25 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Stanford professor Jeffrey Pfeffer says there's another simpler reason: Companies are blindly copying each other. A lot of companies were hiring during the pandemic, so everybody decided to hire. A lot of companies doing layoffs cite the economic downturn, but many of them aren't going to run out of money if they avoid layoffs. In many instances, layoffs don't increase stock prices or cut costs. These layoffs are a decision that reflects the company's values, and these companies have basically given their employees the middle finger.

☆ Salesforce is now facing the very real threat of activist shareholders overthrowing its board and forcing the sale of mega-acquisitions like Slack and Tableau
▼ + stars: | 2023-01-24 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

Salesforce is now being targeted by a second activist investor: Elliott Management. Activist investors could overhaul Salesforce's board and force it to divest acquisitions like Slack. The cloud software giant is now being targeted by activist firm Elliott Management, which has taken a big stake in the company. Walravens says that the activist firms could encourage Salesforce to rethink its office strategy. The company has invested a lot in a global real estate footprint including its Salesforce Tower headquarters in San Francisco.

☆ A Harvard Business School grad who now works at Google shares how she got into the top MBA program
▼ + stars: | 2022-12-07 | by ( Brina Patel | ) www.businessinsider.com time to read: +10 min

Olivia Melendez graduated from Harvard Business School in May and is a product manager at Google. Plus, I had always heard that MBA programs prefer that candidates have three to four years of work experience before starting a full-time program," Melendez said. In addition to HBS, she applied to several other top-tier programs, including the Stanford Graduate School of Business, Wharton Business School, and Kellogg School of Management, all of which she was admitted to. Melendez said she used the admissions essay as a chance to tie together pieces of her background that needed additional context. For anyone struggling with the admission essay, Melendez recommended an exercise she learned at MLT.

☆ These 5 MBA programs have the highest average starting salaries for graduates
▼ + stars: | 2022-10-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

According to the Graduate Management Admissions Council (GMAC), many MBA graduates land starting base salaries nearly triple that of those who only have a bachelor's degree. The average salary for the class of 2021 bachelor's degree graduates was $55,911, according to the National Association of Colleges and Employers. On the other hand, Payscale data shows that for MBA graduates in the U.S., the average base salary is $92,000. Fortune ranked the top five full-time, in-person MBA programs in the U.S. out of the 69 programs that participated in their survey. California's Stanford Graduate School of Business landed the top spot on the list.

☆ We asked psychologists to break down the toxic leadership styles of the Roy family on 'Succession' to help you deal with the narcissistic bosses you might encounter in real life
▼ + stars: | 2022-09-07 | by ( Rebecca Knight | Catherine Henderson | ) www.businessinsider.com time to read: +2 min

"Succession," is a top contender at this year's Emmy Awards on Sunday night with 25 nominations. Ahead of Sunday's broadcast, we break down the personalities to help you with toxic bosses IRL. There's little question that the characters on "Succession" are evil, entitled people willing to lie, cheat, backstab, kill, and steal to have their way. "Succession," which is considered a frontrunner in this year's Emmy Awards on Monday night with 25 nominations — the heftiest haul of any show, revolves around the dysfunctional Roy family. In anticipation of Monday's broadcast of the Emmy Awards, we break down the show's deeply flawed personalities and leadership styles to help you deal with the megalomaniacal, narcissistic bosses you might encounter IRL with the help of five psychotherapists and experts.

☆ Here's the salary breakdown for Stanford's most recent MBA class across industries, including signing bonuses
▼ + stars: | 2022-09-02 | by ( Emeka Ochiagha | Ebony Flake | ) www.businessinsider.com time to read: +2 min

Stanford Graduate School of Business is No. The estimated cost of attendance for a Stanford MBA student is $124,389 for the 2022-23 school year. Stanford reports the median salary for 2021 graduates was $158,400, with an expected bonus of $37,750. Graduate business school enrollment has slowed this year as a still-strong job market created more opportunities and better wages for the Class of 2022 compared with 2021 undergrads. For anyone considering business school, here are the industries Stanford students entered after graduation, with a salary breakdown and signing bonuses.

☆ The first-time founder's ultimate guide to hiring top talent, from a Greylock partner, a former Googler, a Stanford lecturer, and a consultant to Spotify and JPMorgan
▼ + stars: | 2022-08-19 | by ( Shana Lebowitz | Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +16 min

We asked a series of entrepreneurship experts — including founders, investors, and business professors — to outline some best hiring practices. Read more: The first-time founder's ultimate guide to pitching a VCNow, your goal in hiring the company's first few employees is to get the product or service to market. Patty McCord, former chief talent officer at Netflix, previously told Business Insider that managers should regularly evaluate whether their current team is equipped to tackle the next big challenge. Break down your organization into different levels: the senior management team, director-level managers, key employees, and employees in non-critical functions. As Sophie Kahn, cofounder of the sustainable jewelry company AUrate, told Business Insider, you can also consider your employees' personal preferences.

☆ Fall in love with a job you don't even like, in 3 steps
▼ + stars: | 2021-09-06 | by ( David G. Allan | ) edition.cnn.com time to read: +10 min

There are also factors connected to job happiness that we have little control over, such as your boss. But we don’t usually decide who our boss is, and they can suddenly change (for good or bad). And — in my own, less scientific, more DIY way — here are exercises I’ve been practicing to get into better work happiness shape. And the third lists things you’d like to be able to do in your job that you currently don’t — even if they have nothing to do with what you’re paid to do. Beyond whatever the job itself accomplishes, there is also meaning and purpose with what you do with your wages.

Persons: CNN —, Henry David Thoreau, ”, Amy Wrzesniewski, Jane E . Dutton, It’s, I’ve, you’re, Michael, Jamie, Collin, Fiona, Saeed, ” Wrzesniewski, “, ’ ”, “ That’s, Onboarding, You’re Organizations: CNN, Conference Board, Yale University, University of Michigan, Stanford Graduate School of Business, Harvard Business School

☆ How to get into Stanford Graduate School of Business, according to the assistant dean of admissions
▼ + stars: | 2020-12-07 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

A 2019 ranking of business-school admission rates showed Stanford Graduate School of Business (GSB) at the top of the list of most selective schools. Education specialists Quacquarelli Symonds recently released its 2021 Global MBA Ranking, and Stanford ranked as the best business school in the world. To that end, Insider asked six Stanford business school grads, as well as the assistant dean of MBA admissions and financial aid, for their insights on how to get noticed and tapped by Stanford GBS's extremely selective admissions committee. His top advice for Stanford business school applicants is to not be an imitation of a type. Other Stanford business school alumni validated this advice.

☆ One of the most popular courses among Stanford MBA students is informally named 'Touchy Feely' — here's why
▼ + stars: | 2020-09-23 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

The popular course "Interpersonal Dynamics" was nicknamed "Touchy Feely" by professors and students. Stanford GSB shared with Business Insider that 95% of Stanford GSB students take this beloved course, even though it's not required. Courtesy of Ian CinnamonCinnamon added that now, whenever he's in any difficult situation, it's become "instinct" to think back to what he learned from the "Touchy Feely" course. "'Touchy Feely' has been influential in much of our work at Impact Experience," she said. "'Touchy Feely' and the courses in leadership that build from its approach … helped me develop the tools I now employ on a daily basis."

☆ How these MBA grads used their education — from opening a clothing store to working at a nonprofit
▼ + stars: | 2020-08-04 | by ( Alana Pockros | ) www.businessinsider.com time to read: +14 min

Financial services and consulting are some of the most popular fields for business school grads. According to statistics from Harvard Business School, financial services and consulting are the most popular paths for its graduates. When Colloredo-Mansfeld's husband got a professorship at the University of Iowa, she started working at Iowa's business school. Additionally, he had gotten a taste of business school years prior when he attended Stanford's Summer Institute for General Management Program. It was on these site visits that Richman started to work directly with customers and realized she had a passion for selling.

☆ The pros and cons of going to graduate school right now, according to academic and business experts
▼ + stars: | 2020-07-09 | by ( Robin Madell | ) www.businessinsider.com time to read: +13 min

Due to the current job market, many recent college graduates are considering going back to school. Could now be a smart time to put your job search on ice and shift gears to graduate school? The prosYou avoid entering a limited job market and possibly stunting your compensationPatrick Mullane, executive director of Harvard Business School Online, explained one benefit of going to graduate school while the economy isn't robust. J. Celeste Walley-Jean, dean at Clayton State University's School of Graduate Studies & Inclusive Engagement, noted that another indicator that the timing may be right to attend graduate school is cost. "If you just graduated and can't find a job, grad school might seem like a great way to ride out the recession.

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