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☆ Indian billionaire Gautam Adani indicted on bribery charges in alleged bribery scheme
▼ + stars: | 2024-11-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +2 min

AdvertisementIndian billionaire Gautam Adani has been charged in a massive bribery scheme. Adani and his executives convinced US investors to buy bonds on false promises, prosecutors allege. Prosecutors brought bribery charges against billionaire Gautam Adani, one of the richest people in India, alleging the business magnate and seven of his senior executives paid hundreds of millions of dollars in bribes to the Indian government and hid them from US investors. Gautam Adani, the founder and chairman of Indian conglomerate Adani Group, is estimated to be worth more than $85 billion, according to Bloomberg. Adani and his executives convinced US investors to buy bonds in one of the companies using false promises, prosecutors allege.

Persons: Gautam Adani, Adani, Sagar, Gautam, Sagar Adani, Sanjay Wadhwa Organizations: New, SEC, Adani, Bloomberg Locations: India, New York, SEC's

☆ Wise's billionaire CEO fined £350,000 by UK regulators over failure to report tax issue
▼ + stars: | 2024-10-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article WISE-GB Follow your favorite stocks CREATE FREE ACCOUNTKristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty ImagesLONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise , was slapped with a £350,000 ($454 million) fine by financial regulators in the U.K for failing to report an issue with his tax filings. "We continue to build a product and a company that will serve our customers and owners for the decades to come," Käärmann added. The chair of Wise, David Wells, said that the company's board of directors "continues to take Wise's regulatory obligations very seriously." In a note Monday, analysts at British investment bank Peel Hunt boosted their expectations for Wise's full-year profit before tax by 15%.

Persons: Kaarmann, Wise, Eoin Noonan, Sportsfile, Käärmann, Taavet Hinrikus, Forbes, Therese Chambers, David Wells, Peel Hunt, Gautam Pillai, Barun Singh Organizations: WISE, Getty, Financial, Authority, FCA, Customs, Peel Locations: Estonian

☆ Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
▼ + stars: | 2024-10-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its flagship phone overseas. The rise of generative AI — tech that can produce human-like responses when prompted — has companies from Apple to Honeywell rushing to tap its capabilities. AI smartphones set for growthOppo in June announced it plans to integrate generative AI in 50 million of its devices this year. Apple next week is due to publicly release its first software update with AI tools.

Persons: —, Billy Zhang, Zhang, Xiaomi, Oppo Organizations: Nurphoto, Getty, Google, Microsoft, Apple, Honeywell, CNBC, Samsung, Tech Locations: China, BEIJING, Shenzhen, Europe, Southeast Asia, U.S

☆ Pam Kaur: HSBC names first female chief financial officer, unveils a major overhaul
▼ + stars: | 2024-10-22 | by ( ) edition.cnn.com time to read: +2 min

A new leadership structure, which includes the appointment of Pam Kaur as the lender’s first female chief financial officer, would “unleash our full potential and drive success into the future,” CEO Georges Elhedery said in a memo to staff. The overhaul sees Elhedery tackle one of HSBC’s most intractable problems. HSBC (HSBC) did not say what the projected cost savings might be or indicate how many jobs would be affected, but more details could emerge when the bank reports third-quarter results on October 29. Kaur, 60, takes over as CFO having served as HSBC’s chief risk and compliance officer. She joined the bank in April 2013 as group head of internal audit.

Persons: London —, Pam Kaur, Georges Elhedery, Elhedery, ”, Ben Toms, Kaur, Colin Bell, Stephen Moss Organizations: London — HSBC, HSBC, RBC Capital Markets Locations: Hong Kong, London, United Kingdom, United States, France, Canada, Asia, Europe, East

10:47 a.m.Adkins took photos of Mendoza, who died in the flood, walking across the parking lot. Adkins also shots a video of the parking lot, saying: “We have no power at work. I mean, it’s flooded.”Zinnia Adkins took a picture of Bertha Mendoza walking across the parking lot before 11 a.m. Zinnia Adkins10:50a.m. He saw high water levels on the road and people still in the Impact Plastics parking lot, he said. Michael Dorsey11 a.m.-11:30 a.m.Rangek and another colleague decided to leave Impact Plastics since she had not heard any news or instructions from management, she said.

Persons: Adkins, Mendoza, ” Zinnia Adkins, Bertha Mendoza, Zinnia Adkins, Alexa, “, Peterson’s, “ Power, ”, Fred Hudgins, Hudgins, Gerald O’Connor, Hernandez, ” Hernandez, Corona, Monica Hernandez, Corona's, Dorsey, Michael Dorsey's, Michael Dorsey, a.m, Water, Peterson, “ I’m, ” Adkins, can’t, it’s, Clarissa, Bertha, ” Mendoza, Emanuel, ” Dorsey, …, ahold, Brianna Paciorka, Jarvis, I’m, Tenn, Saul Young, Elías, Guillermo Organizations: Impact Plastics, Plastics, Corona, NBC News, NBC, Impact, Nuclear Fuel Services, Erwin Police, NWS, Erwin, Hernandez, WSMV, National Guard, Sentinel, USA, News Sentinel, Network, Reuters, U.S Locations: Hudgins, Nashville, Mendoza, Erwin, Mexico, U.S

☆ How Blackstone made 18,000 workers owners of their HVAC company
▼ + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +11 min

Earlier this year, Blackstone rolled out an ownership plan for employees of HVAC company Copeland. The newest rage in private equity seeks to flip that model on its head by offering employees equity on top of their regular salaries. Success in private equity is often evaluated by how much money a deal generates compared to the initial investment. Joe Baratta, global head of private equity at Blackstone BlackstoneAcross the industry, high interest rates have squeezed returns and exit opportunities. KKR's global cohead of private equity, Pete Stavros, also helped found the nonprofit Organizing Works to encourage the adoption of this model across the private equity industry and beyond.

Persons: Blackstone, Copeland, Here's, —, Ross Shuster, Shuster, Stuart Dalgleish, Joe Baratta, Dalgleish, we've, Copeland's Shuster, outsized, Pete Stavros, KKR's Stavros, NPR's, Ted, Stavros, Josh Ryan, Leonard Green, Axel Springer Organizations: Service, Business, Blackstone, Emerson Climate Technology, Blackstone ., BI, Human, Emerson Electric, Employees, Merlin Entertainment, Blackstone Blackstone, KKR, CHI, NPR, GeoStabilization, Leonard Green & Partners Locations: New York City, Manhattan

☆ Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America
▼ + stars: | 2024-10-10 | by ( ) edition.cnn.com time to read: +3 min

Detroit Reuters —Chrysler parent Stellantis confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations. The world’s fourth-largest automaker by sales said it now planned to name his successor by the fourth quarter of 2025. The automaker also appointed Antonio Filosa as its North America chief operating officer in addition to his role as Jeep brand CEO, succeeding Carlos Zarlenga, whose future role has not been announced. Stellantis last week lowered its forecast from positive cash flow to negative cash flow of between 5 billion and 10 billion euros ($5.5 billion and $10.9 billion) this year. The broad management shakeup was meant to address these concerns, Tavares said in a statement Thursday.

Persons: Carlos Tavares, Tavares ’, Stellantis, Doug Ostermann, Natalie Knight, Antonio Filosa, Carlos Zarlenga, Tavares, “, ” Bernstein, ” Organizations: Detroit Reuters, Chrysler, Analysts, North America, Fiat, Peugeot, PSA, Maserati, Jeep, United Auto Workers Locations: North America, China, Detroit

☆ Home Depot is requiring its corporate employees to do shifts at the company's stores
▼ + stars: | 2024-10-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Home Depot now requires corporate employees to spend one day each quarter working in a retail store. Beginning in the fourth quarter of this year, Home Depot will require corporate employees to spend a day each quarter working in a retail store to better understand what customer-facing roles entail. The policy applies to corporate employees, including senior management and remote workers. According to a memo from CEO Ted Decker, employees must complete an eight-hour shift four times a year, Bloomberg reported. If you are a Home Depot worker who wants to share your perspective, please contact Dominick via email or text/call/Signal at 646.768.4750.

Persons: —, We've, Ted Decker, Eric S, Raymond, Dara Khosrowshahi, Dominick Organizations: Software, Service, swatch, Home, Bloomberg, General Electric, Depot, Business

☆ Impact Plastics: Tennessee factory says workers had time to flee Helene’s floodwaters. Their families disagree
▼ + stars: | 2024-10-04 | by ( Alisha Ebrahimji | Caroll Alvarado | ) edition.cnn.com time to read: +12 min

The 56-year-old grandmother was one of 11 Tennessee plastics plant workers swept away by Hurricane Helene’s deadly floodwaters after they tried to leave the facility. Impact Plastics has forcefully denied those claims, saying late Thursday the allegations are false, and no employee was stopped from leaving. Supervisors “did not prohibit its employees from leaving” and “did not threaten anyone with discharge from employment,” Impact Plastics said. The agency, who is working with TBI to investigate, hadn’t yet received a fatality report from Impact Plastics as of Wednesday evening. Now Jarvis just has one question for Impact Plastics: “Why’d you make us work that day?

Persons: Elías Ibarra Mendoza, “, ” Ibarra Mendoza, Bertha Mendoza’s, Mendoza, Francesco Guerrero, Guadalupe Hernandez, Saul Young, Hurricane Helene –, Helene, Supervisors “, Greg Coleman, CNN’s, Kaitlin Collins ”, ” Coleman, “ We’ve, let’s, ” Gerald O’Connor, WCYB, Jacob Ingram, Hurricane Helene, Ingram, WVLT, ”, Water, O’Connor, TOSHA, Bertha, Guillermo Mendoza, “ That’s, “ We’re, ” Guillermo Mendoza, we’re, Monica Hernandez, Elizabeth Ramirez, Robert Jarvis, Jarvis, , texted, Erwin, ” Jarvis Organizations: CNN, Univision, Hurricane, Plastics, Associated Press, Impact Plastics, News Sentinel, USA, Tennessee Bureau of Investigation, Tennessee Occupational Safety, Health Administration, Supervisors, WVLT, Impact Plastics Inc, National Weather Service, “ Employees, Senior, O’Connor, Employers, Emergency Management Agency, National Guard Locations: Tennessee, Erwin, Erwin , Tennessee, Florida, Southern, Hurricane, ”, Mendoza

The Tennessee Bureau of Investigation, the state's criminal investigation agency, said Wednesday it is looking into allegations against an Erwin plastics factory where several workers died and some went missing after they were swept away by floodwaters from Hurricane Helene. Relatives of the missing and deceased workers and factory employees who survived have alleged they were made to show up to work despite the hurricane moving through the area. Fernando Ruiz, the son of Lidia Verdugo, one of the plant workers, also confirmed to NBC News that his mother had died. Impact Plastics has expressed sympathy for the missing and deceased workers but said in a statement that workers were given time to leave the factory. The company said five workers and a contractor were on a truck that was tipped over in the floodwaters.

Persons: Hurricane Helene, Steve Finney, Leslie Earhart, Finney, Robbie Jarvis, Jarvis, Brianna Paciorka, Network Bertha Mendoza, Guillermo Mendoza, Fernando Ruiz, Lidia Verdugo Organizations: Tennessee Bureau of Investigation, Erwin, Judicial, Impact Plastics, NBC News, Attorney General's, NBC, Plastics, Impact Plastics Inc, Sentinel, USA, Network Locations: Hurricane, Erwin, Tenn

Meanwhile, Pivotal Research initiated coverage of Google-parent Alphabet with a buy rating and a price target that implied upside of nearly 30%. The investment firm upgraded the cleaning products maker to a buy rating from hold. Analyst Kaumil Gajrawala accompanied the move by raising his price target to $187 from $174. Simultaneously, the analyst set a new target price of $200, which is approximately 26% above Monday's close. Analyst Asiya Merchant maintained her price target of $37, which implies that shares of HP could rise 3%.

Persons: Goldman Sachs, Kaumil Gajrawala, Gajrawala, Clorox, Lisa Kailai Han, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Raymond James, Adam Tindle, Tindle, Atlassian, Asiya Merchant, Merchant, Mark Delaney, Ford, Delaney, they've, GOOG, Kamala Harris, — Fred Imbert Organizations: CNBC, Ford Motor, Google, Jefferies, Meta, Citi, HP, HP Inc, Ford, EV, Ford Pro Locations: Monday's, China, Japan, EBIT

☆ 900 workers will share a $75 million pot after KKR sale — with some getting $325,000 windfalls
▼ + stars: | 2024-09-27 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

GeoStabilization International will share a $75 million pot with workers following its sale by KKR. About 900 staff will get payments of up to $325,000 following the sale. A KKR executive promotes Ownership Works, which calls for workers to get stakes in their companies. It will share $75 million of the proceeds with about 900 staff, mainly construction workers, at the geohazard mitigation and road safety services provider, KKR said. In April 2022, he launched Ownership Works , a nonprofit that promotes giving workers a stake in the businesses they work for.

Persons: —, Leonard Green, GeoStabilization, Pete Stavros, Stavros Organizations: KKR, Service, Leonard Green & Partners

☆ 40-year-old CEO shares the No. 1 red flag she sees in employees—avoiding it is ‘more important than ever’
▼ + stars: | 2024-09-23 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

That's the exact kind of anti-collaborative person who Sarah Paiji Yoo tries to steer clear from when hiring new employees. And I think that is a must-have for every team member that we bring on," Paiji Yoo, the CEO and co-founder of eco-friendly cleaning product startup Blueland, tells CNBC Make It. "Folks who understand that a different set of inputs, a lot of times, lead to a better outcome." But the primary goal is simple: bringing people together to solve problems and learn something new," Gardner added. They know something different that I don't, and I can learn a lot from them.'"

Persons: You've, who's, Sarah Paiji Yoo, Paiji Yoo, —, Heidi K, Gardner Organizations: CNBC, Harvard Law School

☆ Norfolk Southern board probe focusing on CEO's relationship with chief legal officer
▼ + stars: | 2024-09-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. The board's focus on that other executive, chief legal officer Nabanita Nag, has not previously been detailed. Norfolk Southern said it won't comment until the conclusion of the probe. The Wall Street Journal earlier reported that Shaw was expected to resign, citing people familiar with the matter. The railroad's board is presented with a significant challenge: the alleged relationship involves the chief executive and Nag, who is also the company's corporate secretary — the two executives which have the most contact with the board.

Persons: Alan Shaw, Ancora, Nabanita Nag, Nag, Shaw, We're, Scott Bunten, We've, haven't, Bunten Organizations: Norfolk Southern, Environment, Public, Washington , D.C, of Locomotive Engineers, Trainmen, CNBC, Norfolk, Street Locations: Norfolk, East Palestine , Ohio, Washington ,, United States

☆ Don't use these 2 toxic words at work, says executive coach: They 'will just hold you back'
▼ + stars: | 2024-09-05 | by ( Melody Wilding | ) www.cnbc.com time to read: +5 min

Yet despite his ambition and potential, Eric finds himself constantly repeating two toxic words: I'll wait. "I'll wait until after my quarterly review to bring this up," he decides when considering whether to pitch an idea to his boss. "I'll wait until the new year to be firmer about my work hours," is how he rationalizes answering emails at 11 p.m. yet again. "I'll wait until things are calmer before I ask for a raise," is what he tells himself, but things never slow down. Saying "I'll wait" may seem reasonable on the surface, but these two little words will just hold you back.

Persons: Eric, he'll, I've, you've

☆ Chip companies like Nvidia and Intel are facing a major gender gap amid the AI boom
▼ + stars: | 2024-09-02 | by ( Helen Li | ) www.businessinsider.com time to read: +9 min

She went to work as a process engineer at an Intel chip fab in Arizona. Over half of companies reported less than 10% representation of women in technical director roles and less than 5% in technical executive leadership roles. While the chip industry makes efforts to expand the recruiting pool in general so that hiring can be more inclusive, the changes can feel incremental. Related storiesIntel set goals to increase its female senior leadership representation to 25% and technical roles to 40% by 2030. Closing the gender gap in the chip industry will require more efforts from companies and top leadership to make these career paths more inclusive and stable.

Persons: —, she's, Jared Tatham, Luke Tomaszko, it's, Tomaszko, It's Organizations: Service, Colorado School of Mines, Intel, Accenture, Latina, Micron, AMD, Nvidia, Global Semiconductor Alliance, University of Texas, Austin, MIT . Pipeline, Business, Insight Global, Acceler8 Locations: Arizona, Idaho, New York

That’s why, he said, he invested in AppHarvest, a startup that promised a high-tech future for farming and for the workers of Eastern Kentucky. Despite promising local jobs, the company eventually began contracting migrant workers from Mexico, Guatemala and other countries, numerous former employees told CNN. After about a week on the job, Vance took a meeting with AppHarvest founder Jonathan Webb, as Webb later recounted in a Fox News podcast interview. The company’s health care benefits attracted Morgan, a single father, who told CNN he took a pay cut to join the startup. Such comments ring hollow to some former AppHarvest workers, who argue Vance’s rhetoric as a candidate for vice president doesn’t align with the reality they experienced.

Persons: JD Vance, Vance, “ It’s, it’s, ” Vance, AppHarvest, Donald Trump’s, Kentuckians Vance, weren’t, ”, Anthony Morgan, “, Luke Schroeder, AppHarvest’s, JD, Jonathan Webb, Webb, Peter Thiel’s, Thiel, Steve Case, Vance “, Morgan, ” Morgan, ’ ” Anthony Morgan, Shelby Hester, Hester, ” Hester, Grist, Andrew Miller, David Attenborough, Bethany, Gary Broadbent, “ AppHarvest, Mitch McConnell, Hester’s, Mitch Smith, bigwigs, CNN AppHarvest, Martha Stewart, Broadbent, doesn’t Organizations: CNN, Fox, Republican, US Department of Labor, PayPal, AOL, Fox News, AppHarvest, Morehead State University, Workers, Kentucky’s Education, Labor Cabinet, Kentucky Center, Investigative, Kentucky Republican, Securities and Exchange Commission, Retirement Association, Senate, Republican National Convention Locations: AppHarvest, Eastern Kentucky, Kentucky, Mexico, Guatemala, Ohio, Silicon Valley, Morehead, Appalachia, gurneys, Plymouth, Massachusetts, Canada, ”

☆ Under Armour shares surge 20% after posting 'better than feared' quarterly sales
▼ + stars: | 2024-08-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

Under Armour apparel is displayed at a Dick's Sporting Goods store on May 16, 2024 in Petaluma, California. Under Armour on Thursday said sales are falling across its business, but the athletic apparel retailer posted better fiscal first-quarter results than feared, sending its stock surging in early trading. Under Armour previously expected full-year earnings of 2 cents to 5 cents per share, and adjusted earnings between 18 cents and 21 cents per share. The athletic apparel company is in the midst of a broad restructuring plan as it fights to regain relevance, reverse a sales slump and boost profits. Apparel revenue fell 8%, footwear sales dropped 15% and accessories revenue slid 5%.

Persons: Armour, It's, Stephanie Linnartz, Kevin Plank, Plank, Eric Liedtke, Eric, …, William Blair, Armour's Organizations: Sporting Goods, LSEG, Marriott, Armour's, Apparel, Adidas, UA Locations: Petaluma , California, North America

☆ Boeing's new CEO already seems to have given a major indication of where his priorities lie
▼ + stars: | 2024-08-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewBoeing's incoming CEO, Kelly Ortberg, is already signaling his intent to get the planemaker back on track. Later that month, The Seattle Times reported that Boeing's board shut down a shareholder's bid to move its headquarters back to Seattle. Outgoing CEO Dave Calhoun last year faced criticism from employees after commuting to Boeing's HQ by private jet, The Wall Street Journal reported. Airline bosses like Emirates' Tim Clark had called on Boeing to appoint a new CEO with an engineering background. Boeing's incoming CEO, Kelly Ortberg, is an aerospace veteran.

Persons: —, Kelly Ortberg, Ortberg, It's, Rockwell Collins, Max, Lindsey Wasson, Maria Cantwell, Dave Calhoun, Calhoun, Tim Clark, we've, Nicolas Owens, Owens, Bob Clifford, preventively Organizations: Service, Seattle Times, Boeing, Reuters, Business, Alaska Airlines, Federal Aviation Administration, REUTERS, Commerce, Science, Transportation, Street Journal, Morningstar Locations: Seattle, Chicago, Virginia, Washington, South Carolina, Renton , Washington, Emirates, Blackstone

☆ Why the interview process is more annoying than ever
▼ + stars: | 2024-07-18 | by ( Tim Paradis | ) www.businessinsider.com time to read: +8 min

Yet, it's often hard to tell how an interview process might unfold. But now, even the interview process for getting something like a six-month assignment has proven difficult, Kilgore said. "Now, there's an assessment or multiple assessments, a self-conducted video interview where you speak to a robot via webcam, then a phone-screening interview, then some kind of in-person interview, and then an interview where you meet the senior management," the person wrote. Schielke recounted one interview she participated in where there was the candidate and then 15 people on the other side. She added that some job seekers need to reset their expectations after several years in which they were calling the shots.

Persons: —, Octavius Newman, Newman, — Newman isn't, Allen Johnson, Josh Bersin, aren't, Zers, J, Raymond Kilgore, who's, Kilgore, it's, Jennifer Schielke, Schielke, she's Organizations: Service, Business, Employers, Nvidia, Group Solutions Locations: Philadelphia, Chandler , Arizona, Philly

☆ Buying into Charlie Scharf's 5-year turnaround plan for Wells Fargo just got a bit cheaper
▼ + stars: | 2024-07-14 | by ( Morgan Chittum | ) www.cnbc.com time to read: +11 min

In Friday's earnings commentary , the Club upgraded Wells Fargo back to our buy-equivalent 1 rating — viewing Friday's drop as an opportunity to add shares. Taken together, it shows just how far the CEO has gone to rehabilitate Wells Fargo. That same year, Wells Fargo admitted to improperly charging home lending customers for mortgage-rate-lock extensions as well. WFC YTD mountain Wells Fargo (WFC) year-to-date performance The Federal Reserve ordered Wells Fargo to freeze its balance sheet in 2018, keeping its assets below $1.95 trillion until senior management cleaned up its act. Wells Fargo parted with most of its senior management from its pre-2019 era and remade its board of directors.

Persons: Charlie Scharf, Wells, Scharf, That's, Jeff Marks, Wells Fargo, Ebrahim Poonawala, Charlie, " Scharf, we're, JPMorgan Chase, Morgan Stanley, There's, Wells Fargo's, Poonawala, he's, Doug Braunstein, Raymond James, David Long, Marks, He's, Jim Cramer's, Jim Cramer, Jim, Patrick T, Fallon Organizations: Wells Fargo, Club, Investors, KBW Nasdaq, Wells, CNBC, Federal Reserve, Currency, Bank of America, Consumer Financial Protection, JPMorgan, Wall, JPMorgan Chase, Fed, Milken Institute Global Conference, Afp, Getty Locations: Wells, Wells Fargo, U.S, delinquencies, Beverly Hills , California

☆ Why older workers are critical to AI adoption in the office
▼ + stars: | 2024-07-13 | by ( Rachel Curry | ) www.cnbc.com time to read: +6 min

Some of this stems from the belief that AI benefits workers with greater task-based responsibilities versus the broader job responsibilities of higher-level workers (with many experts saying AI is nearly at the level of a good intern). Still, 30% of senior-level employees fear they'll be fired for lacking AI skills, according to a recent report from online tutoring company Preply. Experienced employees can master AI insightsDespite the general stereotype that older workers (who often make up the senior-level echelon) have a harder time adapting to new technology, Preston recognizes that these are the workers for whom AI has unique advantages. "It would be easy to write off older workers and say this is just going to be too hard for them, they're not going to adapt," Preston said. "Let's lean into the value of AI to help leverage the jobs of the future for older workers, rather than assuming that for some reason, it's going to leave them behind."

Persons: they'll, Steve Preston, Preston, Jeetu Patel, Patel, Nikhil Arora, Arora, He's, they're Organizations: Goodwill Industries International, Cisco, IBM Locations: Upskilling, Google's, U.S

☆ Rashida Jones followed her dad's advice not to 'wait in line' for a job. Career coaches say using family connections in the workplace is fine sometimes.
▼ + stars: | 2024-07-12 | by ( Amanda Goh | ) www.businessinsider.com time to read: +5 min

And then there's the resentment there too," Jones told InStyle. "But I think about it as, historically, people go into the family business more than they don't." Pulling your weight at workShould people be open about their family connections at work, then? "However, if you are involved in an objective recruitment process and keep talking about your family connections, it could be preserved that you are hoping for special treatment," she said. After all, family connections can only go so far.

Persons: —, Rashida Jones, she's, InStyle, Jones, Quincy Jones, Peggy Lipton, Hannah Salton, Salton, Allison Ching, Ching, Bernard Arnault's, Mukesh Ambani Organizations: Service, Business, Harvard, Hollywood, Reliance Industries Locations: Singapore

☆ Boeing's big mea culpa just dropped and it doesn't look pretty
▼ + stars: | 2024-07-08 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Last week, Bloomberg reported that federal prosecutors had offered Boeing the choice of either accepting the plea deal or risk facing trial. Under the plea deal, Boeing will have to pay a fine of $243.6 million. This is on top of the $243.6 million Boeing had already paid as part of the 2021 settlement it breached. Related storiesPaul Cassell, an attorney for 15 of the victims' families, told BI on Monday that he has filed an objection to the plea deal. "A judge can reject a plea deal that is not in the public interest, and this deceptive and generous deal is clearly not in the public interest."

Persons: —, Paul Cassell, " Cassell Organizations: Service, Boeing, Justice Department, Business, Bloomberg, BI, Max, DOJ, Federal Aviation Administration, Company Locations: Indonesia, Ethiopia

Meanwhile, Jefferies increased its price target on Ingersoll Rand. Nagel also lifted his price target by $10 to $120, which now suggests shares have upside of 25.6%. Analyst Jason Bednar kept his overweight rating on the dental health stock while slashing his price target by $45 to $330. — Alex Harring 5:56 a.m.: Jefferies raises Ingersoll Rand price target The outlook for Ingersoll Rand is looking brighter after a recent acquisition, according to Jefferies. Analyst Stephen Volkmann reiterated his buy rating on the industrial stock and raised his price target to $110 from $105.

Persons: D.A, Davidson, Jefferies, Ingersoll Rand, Oppenheimer, bullish, Brian Nagel, Nagel, — Alex Harring, Piper Sandler, Jason Bednar, Bednar, Howard Ma, Ma, Evercore ISI's Amit Daryanani, Stephen Volkmann, Fred Imbert, Rudy Kessinger, Kessinger, Palo, PANW, Alex Harring Organizations: CNBC, Palo Alto Networks, Nike, Technology, 2Q, Guggenheim, workloads, Jefferies, ILC, Palo, Network Security, Cloud Security, Security Locations: ILC Dover, Palo Alto, Palo

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