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Read previewWhat's the most sought-after job opportunity for graduating students of top business schools like Harvard Business School, Wharton at UPenn, and Stanford's Graduate School of Business? For the 2024 CIT program, which starts this summer, Alpine received 750 applications for just 12 slots, giving it an acceptance rate of 1.6%. Related stories"You're moving from Yale Law School and Harvard Business School to Jackson, Mississippi, to run a plumbing company," Anderman said as an example. Wurtzbacher also got invaluable leadership training from Weaver, a longtime professor at Stanford's Business School and winner of the MBA Distinguished Teaching Award in 2024. The CIT program is so attractive to them because it offers a clear path to doing this by leading a company.
Persons: , Wharton, David Wurtzbacher, Wurtzbacher, Tal Lee Anderman, Graham Weaver, Weaver, JP, Graham, Anderman, they're, they've Organizations: Service, Harvard Business School, Stanford's Graduate School of Business, McKinsey, Business, Investors, Harvard, Stanford Business School, Green, Partners, CIT, Alpine's CIT, Wharton, Alpine, BI, Yale Law School, Alpine's San, Stanford's Business School, Stanford Locations: UPenn, San Francisco, Stanford, Manhattan, America, Jackson , Mississippi, Alpine's, Alpine's San Francisco, York, Carolinas, Virginia
While Musk is increasingly flexing his political power, whoever wins the White House could drastically impact the billionaire and his businesses. Here's how things could shake out for Musk under a second Trump administration versus a Biden win. Tusk said Biden doesn't think of Elon as a rival — he probably doesn't think about him at all. Advertisement"On the Trump side, Musk needs to be careful and not go headlong into this. Musk and Biden campaign representatives did not respond to requests for comment from Business Insider.
Persons: , Elon Musk, it's, hasn't, Musk, Trump, Brian Hughes, Bradley Tusk, Tusk, he'd, You've, Stacey Lee, Johns, Elon, Biden, Joe Biden, Joe Biden's, Lee, it'd, Biden doesn't Organizations: Service, Trump, Business, Wall Street, Biden, Elon, SpaceX, Force, Johns Hopkins Carey Business School Locations: Washington, Paris, United States
But now “you can have it all happen instantly across the whole country.”Success strikes twiceThis isn’t even the first time little Trader Joe’s bags have gone viral. Because Trader Joe’s doesn’t boast much of an official online presence, “I’ve kind of taken on that role” with those pages, she said. A Trader Joe's mini tote bag is shown in Palmyra, N.J., on Wednesday, March 13, 2024. “It’s always a surprise.”The chain’s unusually loyal fanbase is eager for more Trader Joe’s branded merchandise, TikToker Heskett said, but Trader Joe’s doesn’t offer much of that. “You can’t buy a Trader Joe’s hat, you can’t buy a Trader Joe’s sweatshirt,” she said.
Persons: Thaddeus Yan, Joe’s, Yan, Stanley, , Colin Campbell, Joe doesn’t, Talia Heskett, Joe’s Talia ”, Heskett, She’s, Christy Vetere, , Tara Miller, “ I’m, Christina Paciolla, Matt Sloan, Miller, Joe’s hasn’t, Jonah Berger, ” Berger, Lindsey Nicholson, G Yan, “ It’s, TikToker Heskett Organizations: New, New York CNN, eBay, University of San, Facebook, , tote, CNN, University of Pennsylvania’s Wharton School, Nike, Variety, Trader Joes, Getty, G Locations: New York, London, University of San Diego’s, Vetere, Palmyra, N.J, Queens , New York
New York CNN —Americans are fed up with massive CEO pay packages. Just 13% say companies are doing a good or excellent job at avoiding a major pay gap between CEOs and average employees. For the third year in a row, the vast majority – 66% — say companies are doing a “poor” job here. Politically, the majority of Democrats (96%), independents (83%) and Republicans (67%) agree that it’s important to avoid major pay gaps. The findings show how the issue of CEO pay strikes a chord among many Americans, some of whom are struggling to make ends meet in an increasingly expensive world.
Persons: Gallup, , Nell Minow, Elon Musk, Tesla, , Cynthia Clark, Bernie Sanders, Elizabeth Warren, “ It’s, Bill George, Medtronic, Hock Tan, William Lansing, George, Dave Calhoun, Dodd, Frank, Clark, ” Minow, Minow Organizations: New, New York CNN, Bentley University, Gallup, CNN, ValueEdge Advisors, Associated Press, , Democrats, Sens, Broadcom, Harvard Business School, Boeing, Congress Locations: New York,
CNN —Shipwreck hunters have found the vessel Quest — once captained by renowned Antarctic explorer Ernest Shackleton — largely intact on the ocean floor, 15 nautical miles off the coast of Canada, the Royal Canadian Geographical Society has announced. Quest carries not only the history of his voyages, but potentially artifacts from expeditions that continued until 1962, when the vessel sank, experts say. Quest sank on May 5, 1962, after being crushed by ice in the Labrador Sea off of Canada, according to the news release. The Quest sank on May 5, 1962, after being crushed by ice in the Labrador Sea off of Canada. “He’s just an excellent example of a leader who made himself and his team capable of making the impossible possible.”It is noteworthy that a handful of men on Shackleton’s Quest expedition were also on Endurance’s expedition turned survival mission, Koehn said.
Persons: , Ernest Shackleton —, Shackleton, Sir Ernest Shackleton, , John Geiger, “ Shackleton, David Mearns, Quest, Ernest Shackleton, ” Geiger, Mearns, , Ernest Shackleton’s, Nancy Koehn, “ He’s, Koehn, we’re Organizations: CNN, Royal Canadian Geographical Society, Quest, South Atlantic, Central Press, Hulton, Harvard Business School Locations: Canada, Antarctica, Georgia, South, Rowett, Cape Town, South Africa, London, Norwegian, Labrador, Weddell, South Georgia
Countdown to Fed rate decision:Here's what you need to know
  + stars: | 2024-06-11 | 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 EmailCountdown to Fed rate decision:Here's what you need to knowJames Bullard, Purdue University's Business School Dean and former St. Louis Fed President, joins 'Squawk on the Street' to discuss why it could be wise to cut sooner but slower, whether the Fed will stick with higher for longer, and if the Federal Reserve is keying in on rival central banks.
Persons: James Bullard, Purdue University's Business School Dean, Louis Organizations: Purdue University's Business School, Louis Fed, Federal
Related VideoStill, those 50-64 were most likely to work fully remotely, while those 20-29 were least likely. That means they can afford to be fully remote and might feel really comfortable doing things on their own," Barrero said. So that muscle memory might push them to come in more often than younger workers who embrace hybrid." Indeed, many older workers BI has spoken to are divided on whether they want to be in-office or at home — but they're willing to leave roles that don't cater to their preferences. Do you strongly prefer in-office or remote work?
Persons: , Gen Zers, millennials, Nick Bloom, Alex Finan, Jose Maria Barrero, Instituto Tecnológico Autónomo, Barrero, Dennis C, I'm, Charles Bond, they're, Bond Organizations: Service, Business, Employees, Stanford University, Instituto Tecnológico, Business School
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese EV manufacturers are now 'scouting' the EU, professor saysCedomir Nestorovic, professor of geopolitics at ESSEC Business School, discusses EU-China trade tensions and Turkey's decision to impose an additional 40% tariff on vehicle imports from China.
Persons: Cedomir Nestorovic Organizations: ESSEC Business School, EU Locations: China
That's normal, Joseph Fuller, a Harvard Business School professor and co-chair of the school's "Managing the Future of Work" initiative, tells CNBC Make It. A common career mistake people make that can leave you "burned out and unhappy," he adds, is not being honest about your priorities and the trade-offs you're willing to make at work. Finding a job where you have a sense of control and are excited about the work you're doing can help you stay motivated and ward off burnout, Fuller adds. The other trick to finding career satisfaction is to work your core values into your day-to-day responsibilities. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.
Persons: Joseph Fuller, Fuller Organizations: Harvard Business School, CNBC
The US is poised to see an epic stock market crash next year, according to Harry Dent. AdvertisementThe stock market could be in for a steep correction, resulting in a crash even worse than what investors saw during the Great Financial Crisis, according to economist Harry Dent. "Hero" stocks, like chipmaker Nvidia, could drop as much as 98%, he said, implying a multi-trillion market crash. "We've got to see a crash of about 40% to say, okay, the bubble's finally let off the steam. "This is really the second tech bubble version," he added, referring to the dot-com bubble in the 2000s."
Persons: Harry Dent, , Dent, We've, " Dent Organizations: Service, Harvard Business School, Nasdaq, Nvidia, Fox Business Network
DON'T MISS: The ultimate guide to becoming a master communicator and public speaker"[The class] certainly had the biggest impact in terms of my subsequent success," Buffett told Segal. Professionals can still benefit from the lessons Buffett used in that public speaking course, Dale Carnegie CEO Joe Hart told CNBC in 2019. Don't spend ten minutes or ten hours preparing a talk: Spend ten weeks or ten months. Refer to brief notes, Carnegie suggested, because reading from a script can keep you from being present. Take CNBC's new online course Become an Effective Communicator: Master Public Speaking.
Persons: Warren Buffett, Buffett wasn't, Gillian Zoe Segal, Buffett, Segal, Dale Carnegie, Joe Hart, Carnegie, Hart, that's, Jot Organizations: Berkshire Hathaway, CHI, Center, CNBC, Columbia Business School, Dale Carnegie Training, Win, Carnegie Locations: Omaha , Nebraska
AdvertisementWill Merchan sentence Donald Trump to jail? Merchan will not sentence Trump to prison, the four agreed. Merchan could theoretically sentence Trump to as little as a single day in Rikers, said Kamins, now in private practice at Aidala, Bertuna & Kamins. But even in the unlikely event of a low-jail sentence, Trump's appeals would keep him at liberty for years, all four judges said. "I certainly don't know what the right decision is, or what Judge Merchan will do," Obus told BI.
Persons: , Donald Trump, Will, Juan Merchan, Trump, blunts, Attorney Alvin Bragg, Bragg, Jane Rosenberg, Michael Obus, Barry Kamins, Charles Solomon, Solomon, Shannon Stapleton, Kamins, Richard Drew Appeals, — Obus, Trump's, Ted Cruz, Joshua Steinglass, Obus, I've, Ron Kuby, Kuby, Merchan, STEVEN HIRSCH, Judge Merchan, Susan Necheles, Stormy Daniels, Jane Rosenberg Merchan, Rehashing, he's Organizations: Service, Will New, Business, Attorney, REUTERS, New York, New, New York City, BI, Trump, Manhattan, Republicans, AP, National Enquirer, Getty Images, Harvard Business School, Reuters, Manhattan Criminal Locations: Rikers, Manhattan, New, New York, Brooklyn, , New York, New York's, Aidala, United States, Florida, Washington
A national cricket team that most Americans didn’t even know they had beat one of the sport’s global powers Pakistan, for whom the game is a national obsession. “There is this pivot from global north to global south,” said Chadwick. The first ever international fixture was between the United States and Canada in 1844 in New York. The World Cup is being carried in the US on Willow TV, a streaming service that is also available on cable systems for an extra fee. The global game, soccer, has several times hubristically tried to conquer the US and it’s taken years to reach its current level with strong pro leagues the MLS and the NWSL.
Persons: didn’t, , Monank Patel, Corey Anderson, “ It’s, , Peter Della Penna, Donald Trump, Narendra Modi, Simon Chadwick, “ You’ve, You’ve, It’s, Virat Kohli, Germain, LIV, Modi, Chadwick, Donald Bradman, Michael Jordan, Pakistan –, Saurabh, Milind Kumar, hubristically, it’s, Della Penna, you’re, ” Della Penna Organizations: CNN, team, Cricket, Pakistan, USA Cricket, New Zealand, Indian, , Indian Premier League, Major League Cricket, IPL, US, America, United Arab Emirates, Manchester City, Paris Saint, Formula One, Hindu, FIFA, Beijing, Bowlers, Down, England, Elite US, Willow, MLS, England’s Premier League, Manchester United, Arsenal, tailgates, Women’s National, TV, South Locations: Pakistan, United States, Caribbean, Texas, American, America, Long, , New York, India, Australia, Nassau County, Ahmedabad, Gulf, United Kingdom, Europe, East, South Asia, British, Sri Lanka, South Africa, Zealand, England, North Carolina, Manchester, Qatar, Paris, Germain . Middle, Saudi Arabia, Los Angeles, There’s, Canada, New York, Sri Lankan, California, New Delhi, China, Belgium, Commonwealth
Elon Musk's X has embraced porn. Now what?
  + stars: | 2024-06-05 | by ( Mia Jankowicz | ) www.businessinsider.com   time to read: +5 min
Read previewElon Musk's X overhauled its sensitive media policy this week, signaling an increasing coziness with the world of adult content. Porn is already a part of twitters audiences appetite so they will have to meet (OSA) priority content duties anyway. Related storiesBut taking pornography on board so squarely ramps up concerns for X users. It's also unclear how X vets material that is posted nonconsensually, Thornhill, who has advised UK lawmakers on porn regulation, said. Earlier this year, TechCrunch also reported that Musk was toying with the idea of revitalizing X's "communities" feature, with NSFW adult content.
Persons: , Elon Musk's, TechCrunch —, Brooke Erin Duffy, Harper Thornhill Organizations: Service, Business, TechCrunch, Cornell University, Associated Press, Workers ' Union
He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.
Persons: , Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest
A Harvard study found that AI phishing scams are as effective as human ones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOnline scams might soon just be a battle between AIs, one launching the attacks and another defending against them. Online scams are only becoming more prevalent, and with new AI technology, Harvard researchers say they could become much more difficult to avoid. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Harvard, Service, AIs, Harvard Business School, Harvard Business, Business
Harvard professor Arthur Brooks emphasized curbing bad spending habits for financial happiness. Brooks noted that rising credit card debt is affecting the financial well-being of many Americans. AdvertisementBestselling author and Harvard professor Arthur Brooks believes that achieving financial happiness isn't solved by chasing extra income but by curbing bad spending habits. AdvertisementBorrowing for consumption is the most damaging financial habitBrooks pointed to the recent rise in credit card debt as a factor that affects many people's financial happiness. Credit card debt has become a crisis in the US following the pandemic when many Americans used up their savings.
Persons: Arthur Brooks, Brooks, Organizations: Service, Harvard Kennedy School, Harvard Business School, JPMorgan Chase, JPMorgan Chase Co
It is faster, and more valuable, to ask what information the other person needs, instead of trying to guess. When debating our reporting at the CIA, we always solicited disagreements because they made the our overall argument more robust. 'I don't know, but I will find out and come back to you'This is one of the most powerful and underutilized sentences you can use in stressful environments. Instead, we said, "I don't know, but I will find out and come back to you." It's the ultimate sign of humility and thoughtfulness when you can confidently say what you don't know.
Persons: Rupal Patel, I've, John McCain, , isn't, it's, Rupal, Patel Organizations: CIA, Star, Columbia University, University of Chicago, London Business School, Residence Locations: United States
There is a reason the value meals are only returning on a limited basis, says Shubhranshu Singh, associate professor of marketing at the Johns Hopkins Carey Business School, who has studied the economics of fast-food value meals. "They want customers to get the value meal and then buy more, the idea isn't that the consumer will buy a value meal and walk away," Singh said. "If consumers do that, selling that value meal will be such a bad idea." "How can they serve $5 value meals with that minimum wage and still make a profit? But he added, "We are not upset about the value menu, but I don't speak for those that have higher cost pressures than I do."
Persons: Shubhranshu Singh, Johns, it's, Singh, Burger, Scott Rodrick, CNBC it's, Nick Snowberger, Snowberger, McDonald's franchisee's Organizations: Johns Hopkins Carey Business School, CNBC Locations: Burger, McDonald's, California, Northern California, Montana and Wyoming
Why job skills could make or break your next interview
  + stars: | 2024-05-31 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
Nearly half, or 45%, of employers scrapped degree requirements for some roles in the past year, and 72% now prioritize skills over certificates in job candidates, according to the ZipRecruiter survey. The trend, which prioritizes a candidate's practical skills and real-world experience over formal education, appears to be "gaining momentum," according to ZipRecruiter. Meanwhile, hiring managers are being more explicit in job ads about the specific skills they seek in applicants, said Cory Stahle, an economist at the job site Indeed. What this means for job seekers"If the [job ad's] focus is on skills, the focus of your resume should be on skills as well," Stahle said. While skills should be "prominent" in such cases, that doesn't mean applicants should forgo traditional information, Stahle added.
Persons: Cory Stahle, Stahle, Indeed's Stahle Organizations: Getty, Harvard Business School, Glass, USA, Finance, Harvard Locations: U.S
Jane Bernhard Columbia Business SchoolI have always been a very driven and creative person. I graduated with a BFA in Musical Theater and continued my work in theater and television acting through my 20s. It took an immense toll on my personal life, which was completely pushed to the side as new opportunities came up. Conventional consulting doesn’t work for me, but I realized having my own consulting business does — so I started one. And if I find a job elsewhere down the line that aligns with my priorities, I may open that door.
Persons: Jane Bernhard, Organizations: Columbia Business School, LinkedIn, CNN, Jane Bernhard Columbia Business, Theater, Columbia, Twitter, Facebook
AdvertisementGetting accepted is just the startThe Manhattan mental health court is one path available to those who plead guilty to felonies. Related storiesMerchan is the sole judge of the mental health court in all of Manhattan, and has presided over it since its founding in 2011. If the office allows it, a mental health court treatment plan can become part of their plea agreement, which includes different consequences for failures. "It's really hard, a huge burden to even get so far as to be accepted into mental health court," said Orlins. If you fail the mental health court program in such a dramatic fashion, the next step can be a sentencing hearing.
Persons: , Donald Trump's, Stormy Daniels, Juan Merchan, Merchan, Donald Trump, Curtis Means, Trump, I'm, Eliza Orlins, Justice Juan M, Seth Wenig, Juan Merchan's, ANGELA WEISS, Orlins, Jane Rosenberg, Iris Organizations: Service, Republican, Business, New, Trump, Justice, AP, Manhattan, Attorney's, Getty, Associated Press Locations: United States, Washington, Manhattan, New York City
That's helping establish a new millennial milestone for some: Ditching roommates, moving out from the family home, and landing on living alone. Business Insider's analysis of American Community Survey microdata from IPUMS found that 10.5% of millennials lived alone in 2022. Per BI's analysis of American Community Survey data via IPUMS, 16% of millennials lived with at least one parent as of 2022. (The data doesn't specify if that means they're living with their parents or if their parents are living with them.) Subsidized solo livingSome lower-earning millennials are able to get assistance reaching the solo-living milestone — but it's not always easy.
Persons: Jess Munday's, Jess Munday's San Francisco, Munday, " Munday, I'm, it's, IPUMS, millennials, Bella DePaulo, they've, DePaulo, she'd, Jess Munday, Dara Feller, Aria Velasquez, they're, " Velasquez, Velasquez, Erica Charles, she's, Charles, Rick Fry, Fry, She'd, She's, Clibborn, Sydney Krantz, He's, , homeownership Chaz Zimmer, Chaz Zimmer, Adrianna Newell, Tomasz Piskorski, Piskorski, Zimmer hasn't, Zimmer, he's, James Paniagua, Paniagua, snagging, Julia Mazur, Kathy Pierre, Pierre Organizations: Business, American, Survey, Pew, BI Garak, BI, Subaru, Columbia Business School Locations: Jess Munday's San, Francisco's, San Francisco, Chicago, Washington ,, IPUMS, Florida, California, Waverly , New York, homeownership, Oakland , California, Los Angeles, Oakland, London, Austin, Charlotte , North Carolina, Charlotte
Cambridge University professor Thomas Roulet has hit back at the idea that Gen Z is lazy. He said younger people just have a different idea about what work means to them. JPMorgan CEO Jamie Dimon said people shouldn't "feel so bad" for Gen Z and millennials this week. AdvertisementGen Z is often called lazy — but a Cambridge University professor thinks younger people just have a different idea about what work means. Thomas Roulet, who teaches organizational sociology and leadership at the Judge Business School, defended the generation's work ethic in a video posted on the university's YouTube channel.
Persons: Thomas Roulet, Jamie Dimon, , Socrates Organizations: Cambridge University, JPMorgan, Service, Judge Business School, YouTube, Business
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