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☆ CEOs who insist workers return to the office are living in an 'echo chamber,' a future of work expert says
▼ + stars: | 2024-09-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

But CEOs are increasingly demanding workers be in the office five days a week. AdvertisementMost workers understood that the days of fully remote work ended with the pandemic and that they should show face in the office some of the time. This month Amazon CEO Andy Jassy announced that all corporate staff must be back in the office five days a week from 2025. Thos Robinson/Getty ImagesWorsening that echo chamber structure is the fact that CEOs are "largely white men," Schulte said. Public policy is another route that will play a role in the future of how we work, Schulte added.

Persons: Brigid Schulte, —, Andy Jassy, Jassy, Dell execs, Schulte, Thos Robinson, it's, COVID, that's, It's Organizations: BI, Service, Dell, KPMG US, KPMG, Getty, aha

☆ Ex-CIA employee's conviction in big secrets leak is largely upheld
▼ + stars: | 2023-08-29 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

Following the conviction, U.S. Attorney Damian Williams in Manhattan called the theft "one of the most brazen and damaging acts of espionage in American history." In a 14-page decision, U.S. District Judge Jesse Furman in Manhattan found "more than sufficient" evidence to support Schulte's espionage and hacking convictions. Prosecutors have said Schulte was motivated to leak materials out of spite over how he thought the CIA treated him prior to his November 2016 resignation. Prosecutors said they found the material in Schulte's Manhattan apartment, in an encrypted container beneath three layers of password protection, during the CIA leaks probe. The case is U.S. v. Schulte, U.S. District Court, Southern District of New York, No.

Persons: George W, Bush, Joshua Schulte, Damian Williams, Jesse Furman, Schulte's, Aguilar, Furman, Schulte, Prosecutors, Williams, Jonathan Stempel, Cynthia Osterman Organizations: U.S . Central Intelligence Agency, CIA, Central Intelligence Agency, FBI, WikiLeaks, Prosecutors, Brooklyn's Metropolitan Detention, Court, Southern District of, Thomson Locations: Langley , Virginia, U.S, Manhattan, Brooklyn's, Southern District, Southern District of New York, New York

☆ SEC seeks rule change that could cause fund managers to take less risk
▼ + stars: | 2023-07-07 | by ( Leslie Picker | ) www.cnbc.com time to read: +3 min

A sweeping change sought by the Securities and Exchange Commission would take fund managers' culpability a step further than current standards if they don't effectuate a greater standard of care. The rule change involves lowering the bar for indemnification of fund managers to "ordinary negligence" from "gross negligence." "It would monumentally change the relationship between fund managers and investors," said Marc Elovitz, partner and chair of the regulatory practice at Schulte Roth & Zabel, in an interview for the Delivering Alpha Newsletter. And investment managers are going to have a hard time protecting themselves from being on the hook for those risks." However, ILPA said that, "an ordinary negligence standard as applied to breach of contract would assure meaningful progress."

Persons: Marc Elovitz, Schulte Roth, Zabel, Schulte's Elovitz, ILPA, Gary Gensler Organizations: New York Stock Exchange, Securities and Exchange, Alpha, Institutional Limited Partners Association, SEC, Fund Advisers Locations: New York City

☆ The man convicted of the biggest CIA leak in history says he doesn't have enough typewriter ribbon to craft his own defense for a separate child pornography trial
▼ + stars: | 2023-06-17 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

The man convicted of the biggest leak in CIA history faces a separate federal trial in September. Joshua Schulte is facing child pornography charges, a case where he is representing himself. According to court documents first shared by CourtWatch, ex-CIA staffer and convicted leaker Joshua Schulte is set to stand trial in a separate child pornography case in September. Federal prosecutors alleged that as Schulte represented himself in those cases, he stored up to 2,400 images of "likely" child pornography on the laptop he used while detained, Law and Crime reported. In the latest court filing, prosecutors said his requests for more materials threaten to delay his new September trial.

Persons: Joshua Schulte, —, CourtWatch, leaker Joshua Schulte, Schulte —, Schulte, Mr Organizations: Service, WikiLeaks, CIA, Metropolitan Detention, Wikileaks, The New York Times Locations: New York

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