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☆ You need a 'professional prenup' to protect yourself from layoffs, according to the Corporate Bro
  + stars: | 2023-03-07 | by ( Rebecca Knight | ) www.businessinsider.com   time to read: +5 min
Ross Pomerantz is a startup advisor and content creator who operates under the name Corporate Bro. He says that job seekers need to have "professional prenups" before they sign on with new employers. Essentially, these are contractual understandings of potential severance in case of layoffs. The idea of a "professional prenup" sounds rather … unusual. In a small, 20-person company, there's a good chance you're interviewing with senior leadership.
☆ AI-generated audio of Joe Biden and Donald Trump trashtalking while gaming is taking over TikTok
  + stars: | 2023-03-01 | by ( Allegra Rosenberg | ) www.businessinsider.com   time to read: +8 min
On TikTok, faked audio created by AI of Joe Biden and Donald Trump gaming has become a hit meme. But the ease with voice AI can be used for jokes also shows how easy it is to fake convincing quotes. The Biden Cinematic UniverseOn the @bidenandfriends TikTok account, "Sleepy Joe" plays Minecraft and other video games with his best (and worst) buddies. Other political and celebrity figures pop up in various installments, but the core trio of Trump, Biden, and Obama seems to persist across the lore. "I remember when people thought AI would kill us all, but this is how we use it," commented one TikTok user.
☆ A generation of high-profile women tech leaders have stepped aside. What’s next?
  + stars: | 2023-02-24 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +7 min
The tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men. And in the wake of the pandemic, women leaders in corporate America more broadly are more likely than ever to quit, according to the most recent Women in the Workplace report from McKinsey & Company and LeanIn.Org. Now that she’s departing, Big Tech is facing a new reckoning over its failure to promote and support women leaders, and what this could mean for the next generation of women in the industry. “Without women in the C-suite who have come before them, it could make this transition period tougher for next generation women leaders,” Kray said. “I think that what she achieved and what she modeled will be something that will live on beyond the fact that now we don’t have a female Big Tech CEO.”
☆ Vice CEO Nancy Dubuc calls it quits after 5 years. Read her full memo to staff.
  + stars: | 2023-02-24 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +3 min
Vice CEO Nancy Dubuc is stepping down after a rocky tenure. Vice has struggled in recent years given the long shadow of its financial situation. Vice CEO Nancy Dubuc told staff in an email Friday that she is leaving the company after five years at the troubled, Brooklyn-based youth media giant. Read the memo Dubuc sent to staff on Friday:Dear Vice Media Group Team,I am writing today with bittersweet news. Despite all this the Vice, Vice Studios, Pulse, as well as Virtue, R29, i-D and Unbothered brands are strong.
☆ TikTok's 'lucky girls' say they manifest success by simply believing things always work out for them — because, why not?
  + stars: | 2023-02-20 | by ( Juliana Kaplan | Rebecca Knight | ) www.businessinsider.com   time to read: +8 min
The "lucky girl" technique has been criticized as pseudoscience, wishful thinking, and little more than pop psychology. "If you want to be that lucky girl, you've got to step into her and embody her." She sees being a lucky girl as a "way to have control and hope," she said. "When you believe you're lucky, you follow the cues that come to you, and trust that the universe will do its part." Natasha BadgerFor Badger, "lucky-girl syndrome" is akin to a spiritual practice.
☆ 3 suspicious objects have been downed across North America this week. Officials have no idea where 2 of the UAP came from and the pilots who shot them down can't agree on what they even look like.
  + stars: | 2023-02-12 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +10 min
US fighter aircraft shot down an object threatening airspace over Alaska yesterday. On Saturday, another unknown object, described as "cylindrical," was shot down over Canada. Here is what we know about the object shot down on Friday. The object shot down on Saturday was spotted in the Northern Canadian territory of Yukon. It is unclear if the object shot down off the Alaskan coast was of similar size or shape.
☆ Martin Shkreli: I'm not in contempt over drug industry ban
  + stars: | 2023-02-10 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
The ban also included a $64.6 million civil fine, which Shkreli said he is "so far unable" to pay. He said he intended to comply fully with the ban and provide requested information. The FTC had accused Shkreli last month of failing to provide information about Druglike Inc, a company it said he formed last July. He also said Druglike and DL Software were "software companies creating professional software for chemists and physicists," and thus outside his pharmaceutical industry ban. U.S. District Judge Denise Cote, who imposed the ban and $64.6 million penalty, will decide the FTC contempt motion.
☆ Officers Manhandled and Beat Tyre Nichols. We Tracked Each One’s Role.
  + stars: | 2023-02-07 | by ( Alexander Cardia | Ishaan Jhaveri | Eleanor Lutz | ) www.nytimes.com   time to read: +12 min
Bean Smith Mills Nichols Detective Mills wields pepper spray. Bean Smith Mills Nichols Detective Mills wields pepper spray. Bean Smith Mills Nichols Detective Mills wields pepper spray. Haley Nichols Bean Mills MARTIN Detective Haley points his phone at Nichols. Haley Nichols Bean Mills Martin Detective Haley points his phone at Nichols.
☆ Meet the DINKWADs: The TikTok legion making everyone jealous with their double incomes, no kids, and a dog
  + stars: | 2023-02-04 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +8 min
There's a new American Dream: Becoming a DINKWAD — double income, no kids, with a dog. It stands for double income, no kids, with a dog. You can also be a DINK — double income, no kids — or a SINK, meaning single income, no kids. And then I heard the phrase DINKWAD, which is double income, no kids, with a dog. There's an increasing acceptability of not having children; there's a decreasing stigma around not having children," Pamela Aronson, a professor of sociology and an affiliate of women's and gender studies at the University of Michigan-Dearborn, told Insider.
☆ Factbox: Sequence of events in Memphis police beating of Tyre Nichols
  + stars: | 2023-01-28 | by ( ) www.reuters.com   time to read: +3 min
Jan 27 (Reuters) - Memphis police beat, tased, kicked and batoned Tyre Nichols during a Jan. 7 traffic stop, video released on Friday shows. The officers push Nichols to the ground while yelling at him to comply. Nichols says, "All right, I'm on the ground ... Stop, stop ... You guys are really doing a lot right now. There is no video of Nichols during this time, when apparently two officers catch up to Nichols and attempt to detain him. One officer punches Nichols at least five times in the head while two others hold him up.
☆ PE firms' eagerness to recruit junior bankers is blowing up in their faces. Here's why they need to change.
  + stars: | 2023-01-26 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +6 min
As Insider's Emmalyse Brownstein reports, some PE firms are scrambling to fill positions that, in years past, would have been locked up for months. Some context on PE recruiting: Firms recruit, interview, and make offers to junior bankers well ahead of their actual start dates. Some junior bankers didn't feel comfortable interviewing for a new role when they had barely settled into their current ones. The fact PE firms need to go back to the well to fill open seats should be a wake-up call. Click here to read more about how PE firms' early recruitment of junior bankers backfired.
☆ Grammy-winning artist Ne-Yo on a Kennedy Center event honoring his career in music
  + stars: | 2023-01-26 | by ( John Lynch | ) www.businessinsider.com   time to read: +14 min
Insider spoke to Ne-Yo in an interview tied to a Kennedy Center event for his music with the National Symphony Orchestra. The Grammy-winning artist reflected on his career in music, film, and TV, and his hit songwriting for other artists. So I'm developing a love for it that I don't know if it'll ever equal my love for music. That's love, bro. And that's kind of what my music has always been, you know, letting it be known to the people listening, "Yeah.
☆ Former Detroit Lions linebacker Lemonier dies at 25
  + stars: | 2023-01-26 | by ( ) www.reuters.com   time to read: +1 min
Jan 26 (Reuters) - Former Detroit Lions linebacker Jessie Lemonier has died at the age of 25, the National Football League (NFL) team said on Thursday. Lemonier began his professional career with the Los Angeles Chargers in 2020. "We are shocked and saddened to learn of the passing of former Detroit Lion Jessie Lemonier," the Lions wrote on Twitter. "Jessie was a model team mate and wonderful young man who is gone far too soon. Lemonier was recently traded to the Birmingham Stallions in the United States Football League after signing for the Houston Gamblers.
☆ FTC Wants ‘Pharma Bro’ Martin Shkreli to Be Held in Contempt
  + stars: | 2023-01-21 | by ( Talal Ansari | ) www.wsj.com   time to read: 1 min
Martin Shkreli was banned from working in the pharmaceutical industry last year. The Federal Trade Commission on Friday asked that “pharma bro” Martin Shkreli be held in contempt for failing to comply with an investigation into whether he violated a court order banning him from the pharmaceutical industry. Mr. Shkreli, who was convicted in 2017 on federal securities fraud charges involving two hedge funds he managed and a company he founded, was prohibited last year from working in the pharmaceutical industry by a federal court.
☆ The purple Wiggle responds to his TikTok heartthrob status: 'It's opened up a new world of followers'
  + stars: | 2023-01-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Kahlan-Rosenblatt.Jpg | Kalhan Rosenblatt | ) www.nbcnews.com   time to read: +6 min
On TikTok, parents and nonparents alike have been thirsting after a member of one of the biggest children's acts in the world — the new purple Wiggle from The Wiggles. — likely stems from a video Pearce posted this week in which he participated in a trend that stems from the movie "Zoolander." Originally, Pearce wanted to film the clip with the original purple Wiggle, Jeff Fatt, while the two were on a recent tour together. In the clip, Pearce's purple Wiggle persona bumps into his everyday self dressed in a cutoff T-shirt, revealing his toned and tattooed arms. He added that he's looking forward to meeting his newest slew of fans when The Wiggles tour later this year.
☆ Get ready for a deluge of data next week that will shape the Fed's next moves
  + stars: | 2023-01-21 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
Within the portfolio, we'll get the latest earnings from Danaher (DHR), Halliburton (HAL), and Johnson & Johnson (JNJ) on Tuesday before the opening bell. While the results will be important as always, we are most interested in the earnings call with analysts and investors. Housing Starts fell 1.4% in December to a seasonally adjusted annual rate of 1.38 million, slightly above the 1.36 million expected. Building permits dropped 1.6% in December to a seasonally adjusted annual rate of 1.33 million, below expectations of 1.37 million. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ FTC calls for Martin Shkreli to be held in contempt of court for forming new drug company
  + stars: | 2023-01-20 | by ( Dan Mangan | Dan Mangan Is A Reporter Covering Health Care For Cnbc.Com. | Mangan Has Been A Journalist For More Than Years | ) www.nbcnews.com   time to read: +2 min
The Federal Trade Commission on Friday asked that notorious “pharma bro” Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge’s ban on the convicted fraudster from working in the pharmaceuticals industry. Shkreli, who was released from prison last year, in February was banned “for life from directly or indirectly participating in any manner in the pharmaceutical industry” as a result of the FTC’s antitrust lawsuit against him and a prior drug company that he founded. That order stemmed from Manhattan federal court Judge Denise Cote’s ruling that Shkreli oversaw an illegal scheme to maintain a monopoly on the life-saving drug Daraprim, which continued even as he saw in prison for his conviction in an unrelated securities fraud case. “Martin Shkreli’s failure to comply with the court’s order demonstrates a clear disregard for the law,” said Holly Vedova, director of the FTC’s Bureau of Competition, in a statement. “The FTC will not hesitate to deploy the full scope of its authorities to enable a comprehensive investigation into any potential misconduct,” Vedova said.
☆ FTC asks judge to hold 'pharma bro' Martin Shkreli in contempt of court for forming new drug firm
  + stars: | 2023-01-20 | by ( Dan Mangan | ) www.cnbc.com   time to read: +4 min
The Federal Trade Commission on Friday asked that notorious "pharma bro" Martin Shkreli be held in contempt of court for forming a new drug company in violation of a judge's ban on the convicted fraudster from working in the pharmaceuticals industry. In its court filing Friday, the FTC noted that Shkreli in July announced the formation of a new company, Druglike, "that appears to be involved in the drug industry." The FTC said Shkreli is required by Cote's order to provide the agency with that information. Benjamin Brafman, a lawyer for Shkreli, declined to comment on the FTC filing. Shkreli was driven back to New York from his prison in Pennsylvania by a friend, Edmund Sullivan, who had previously served on the board of Retrophin.
☆ U.S. asks judge to hold Shkreli in contempt for allegedly flouting pharma industry ban -filing
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Former drug company executive Martin Shkreli exits U.S. District Court after being convicted of securities fraud, in the Brooklyn borough of New York City, U.S., August 4, 2017. REUTERS/Carlo AllegriWASHINGTON, Jan 20 (Reuters) - The U.S. Federal Trade Commission (FTC) asked a federal judge on Friday to hold Martin Shkreli in contempt for allegedly impeding its efforts to determine whether he flouted a ban on working in the pharmaceutical industry. Shkreli was released early from prison last May. U.S. District Judge Denise Cote imposed the lifetime drug industry ban and $64.6 million penalty last February, related to Shkreli's efforts to keep generic Daraprim rivals off the market. Reporting by Diane Bartz and Jon Stempel; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.
☆ FTC calls on federal court to hold ‘pharma bro’ Martin Shkreli in contempt
  + stars: | 2023-01-20 | by ( Brian Fung | ) edition.cnn.com   time to read: +2 min
Washington CNN —The Federal Trade Commission on Friday called for a federal court to hold “Pharma Bro” Martin Shkreli in contempt after Shkreli allegedly flouted a recent FTC investigation into his business dealings and failed to make a $64.6 million payment he owed for his prior wrongdoings. The FTC’s contempt motion follows what the agency described as its an unsuccessful attempt to verify whether Shkreli has violated a court order barring him from ever working in the pharmaceutical industry again. Shkreli also infamously raised prices for the life-saving medication Daraprim by 4,000% while he was head of Turing Pharmaceuticals. When the FTC emailed Shkreli to get documents from him and to schedule an interview about the matter, Shkreli repeatedly missed deadlines and allegedly slow-walked his responses, according to an FTC court filing Friday. The FTC also said Shkreli had been ordered to make his multimillion-dollar payment — representing a refund of his ill-gotten Daraprim gains — by March 6, 2022.
☆ The bloodletting at Goldman Sachs might not be done yet as the bank looks for more ways to cut costs
  + stars: | 2023-01-18 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +5 min
If you're a Goldman Sachs' employee who made it through the company's recent layoffs, be warned: There could be more to come. Anyone hoping Goldman's fourth-quarter earnings report would represent a fresh start for the bank was sorely disappointed. Today should provide some hints at to how the bank will navigate things, as Goldman is set to inform employees on their year-end bonuses. Steve Pagliuca, the PE firm's co-chairman, is retiring, The Wall Street Journal reports. Read more on how Wall Street analysts got it so wrong.
☆ How to get ahead in 2023
  + stars: | 2023-01-16 | by ( Hallam Bullock | ) www.businessinsider.com   time to read: +4 min
We've got top tips for stocks (and serving prison time), a path to financial freedom, and what to expect for the rest of 2023. If you want to start investing in real estate this year, Harr says don't be deterred by uncertainty or high-interest rates. US stocks got off to a choppy start in the first week of 2023, however, Goldman Sachs still sees attractive investing opportunities. According to Grant Sabatier, 2023 will be the year of the "the creator millionaire" — here's how he plans to take advantage of it. As one expert said: "2023 is going to be the survival of the fittest."
☆ Accusations of a bro culture cloud Tiger Global's fundraising efforts after a $10 million settlement
  + stars: | 2023-01-14 | by ( Rebecca Ungarino | Dakin Campbell | ) www.businessinsider.com   time to read: +6 min
Investors have learned of a $10 million settlement Tiger Global made to a former female employee. Investors don't really need another reason to shy away from Tiger Global Management after a year of terrible performance. The employee who settled with Tiger alleged that Tiger fostered a type of bro culture, led by men who prevented women executives from getting equal opportunities inside the firm. "Prioritizing these values in our day-to-day interactions inside and outside of Tiger Global has been the glue that has underpinned our success for the past 21 years. We remain committed to driving continuous improvement across Tiger Global as we look towards the future."
☆ Crypto had a catastrophic 2022. Here are 3 reasons it will bounce back again, according to analysts.
  + stars: | 2023-01-04 | by ( Emilia David | ) www.businessinsider.com   time to read: +5 min
Analysts from Bernstein laid out why they're still bullish on the crypto space. But Bernstein analysts Gautam Chhugani and Manas Agarwal offer crypto true believers a few reasons to keep the faith. In a note published on January 3, they wrote that despite a catastrophic 2022, the larger crypto ecosystem still has potential. Much of the crypto space remains decentralized. Chhugani and Agarwal said FTX's collapse had hastened DeFi adoption, which makes DeFi a bright spot in crypto investing, according to crypto VCs.
☆ Earth, Wind & Fire drummer Fred White dies at age 67
  + stars: | 2023-01-03 | by ( The Associated Press | ) www.nbcnews.com   time to read: +2 min
Drummer Fred White, who backed up his brothers Maurice and Verdine White in the Grammy-winning ensemble Earth, Wind & Fire, has died. He didn’t say how or where his brother died. Fred White was already an accomplished drummer, playing for Donny Hathaway, before he joined Earth, Wind & Fire in the mid-1970s. Verdine White said his brother Fred was a gifted child musician, “with gold records at the young age of 16 years old!” Fred White remained with the band until 1983. Maurice White died at the age of 74 in 2016.
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