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☆ TGI Friday’s operator files for Chapter 11 bankruptcy amid financial woes
▼ + stars: | 2024-11-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore. Privately owned by TriArtisan Capital Advisors, TGI Fridays has been a beloved dining destination since its inaugural bar opened in Manhattan, New York, over five decades ago, in 1965. TGI Fridays, owner and operator of 39 domestic “Thank God it’s Friday!” restaurants, said it maintains operations across its corporate-owned ‘happy hour’ dining places in the U.S., adding that it has secured a financing commitment to support operations. Rohit Manocha, executive chairman of TGI Fridays, said: “The primary driver of our financial challenges resulted from COVID-19 and our capital structure. Hostmore, which operated TGI Fridays in Britain through its unit Thursdays (UK), saw its shares crash 90% after the news, and later announced its intention to enter administration, overwhelmed by debt.

Persons: God, Rohit Manocha, ” Organizations: U.S, Northern, Northern District of, TriArtisan Capital Advisors Locations: American, Northern District, Northern District of Texas, Manhattan , New York, U.S, COVID, British, Britain

☆ Google tells employees it won't follow Amazon's strict RTO policy — as long as they stay productive
▼ + stars: | 2024-10-02 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

Google leaders tried to assuage fears that it will follow Amazon's new strict RTO mandate. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It also raised concern among employees at some of Amazon's more hybrid-friendly rivals, including Google, where staff are expected in the office just three days a week. 'Google chases the industry'Despite leadership's comments, some employees still fear they will eventually be called back to the office full time. During the most recent all-hands, Pichai noted that some employees, such as some of Google's hardware teams, are back four days a week.

Persons: Sundar Pichai, —, assuaging, John Casey, they're, Pichai, Casey, Dell, Kirk Van Houten Organizations: Service, Google, Amazon, Microsoft Locations: Nature

We'll show you where to watch the Packers vs. Eagles from around the world. Unlike last night's game and many others this season, the Packers vs. Eagles match-up will be available exclusively on Peacock in the US. Don't forget to bookmark our how to watch NFL games streaming guide for more information. Where to watch Packers vs. Eagles in the USAs mentioned above, the Packers vs. Eagles game will be available on Peacock in the US. Regions like the UK can watch the Packers vs. Eagles on DAZN's NFL Game Pass.

Persons: Peacock, We've, you'll, They're, ExpressVPN Organizations: Business, NFL, Green Bay Packers, Philadelphia Eagles, Packers, Eagles, NBC, Sunday, Peacock, Football, DAZN's Locations: DAZN, Regions, United States, China

☆ Google employees question execs over 'decline in morale' after blowout earnings
▼ + stars: | 2024-05-08 | by ( Jennifer Elias | ) www.cnbc.com time to read: +8 min

"How does leadership plan to address these concerns and regain the trust, morale and cohesion that have been foundational to our company's success?" "Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases" a top-rated employee question read. Google's use of cashThere were a lot of employee questions ahead of last week's meeting directed at the company's buyback, Porat said. With respect to the decline in morale brought up by employees, Pichai said "leadership has a lot of responsibility here, adding that "it's an iterative process." CNBC reported last week that Google is laying off at least 200 employees from its "Core" organization, which includes key teams and engineering talent.

Persons: Sundar Pichai, Loren Elliott, Ruth Porat, We've, Alphabet's, Hollie Adams, Porat, Prabhakar Raghavan, dory, Pichai, Ted, Larry Page, Jim Cramer Organizations: Inc, Government, Society, Bloomberg, Getty, Google, Economic, Finance, CNBC Locations: Stanford , California, Davos, Switzerland, U.S

☆ TGI Fridays to go public through merger with its U.K. franchisee
▼ + stars: | 2024-04-16 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

TGI Fridays logo is seen on one of their branches. TGI Fridays and Hostmore, the chain's U.K. franchisee, announced plans to merge on Tuesday. If it closes, TGI Fridays, best known for its potato skins, chicken wings and endless appetizers, will be publicly traded on the London Stock Exchange under the ticker "TGIF." In 2022, TGI Fridays' revenue rose 3.6% to $75.2 million, according to U.S. franchise disclosure documents. Earlier this year, TGI Fridays closed 36 underperforming restaurants in the U.S.

Persons: Weldon Spangler, Spangler, Carlson, TriArtisan Organizations: London Stock Exchange, TriArtisan Capital Advisors, U.S Locations: Dallas , Texas, U.S, P.F

☆ I worked at Google for 7 years and watched the open culture die. The company is doomed to repeat unnecessary embarrassment if they don't fix it.
▼ + stars: | 2024-03-08 | by ( David Kiferbaum | Big Technology | ) www.businessinsider.com time to read: +6 min

He observed the fall of Google's open culture and its impact on Google's product. His controversial memo questioning Google's diversity practices noted that "Google's political bias has equated the freedom from offense with psychological safety, but shaming into silence is the antithesis of psychological safety." Rather than reaffirm Google's culture of open questioning and psychological safety by actively challenging Damore's assertions, leadership fired Damore and ended the discussion. Google leadership did further damage to the company's open culture following employee protests of military contracts and executives' alleged sexual harassment. AdvertisementThe closing of Google's open culture harmed the product.

Persons: David Kiferbaum, —, Eric Schmidt, Jonathan Rosenberg, Larry Page, Sergei Brin, James Damore, Damore, Sundar, TGIF, what's Organizations: Google, Big Technology, Service, CNN

Suzanne Somers, the effervescent blonde actor known for playing Chrissy Snow on the television show “Three’s Company” and who became an entrepreneur and New York Times best-selling author, has died. Somers faced some backlash for her reliance on what she’s described as a chemical-free and organic lifestyle to combat the cancers. On “Three’s Company,” she was the ditzy blonde opposite John Ritter and Joyce DeWitt in the roommate comedy. “The show’s response was, ‘Who do you think you are?’” Somers told People in 2020. Somers did reconcile with Ritter before his death, and then with DeWitt on her online talk show.

Persons: Suzanne Somers, Chrissy Snow, ”, Somers, Couri Hay, Alan Hamel, Bruce, “, ‘, Oprah Winfrey, she’d, Bruce Somers, Hamel, Steve McQueen, “ Bullitt, George Lucas’s, Richard Dreyfuss’s, Lucas, ” Somers, John Ritter, Joyce DeWitt, would’ve, Ritter, ‘ John Ritter, DeWitt, ” Hamel Organizations: New York Times, American Cancer Society, Thunderbird, Rockford, “ Three’s, ABC, CBS News, People Magazine Locations: Palm Springs , California, San Bruno , California, ”, Vegas

☆ Leaked audio: Google cofounder Sergey Brin made a rare appearance at an all-hands to hype up the company's AI work and the incoming 'technology revolution'
▼ + stars: | 2023-10-02 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Google's cofounder Sergey Brin is back at the search giant — and that includes hyping up its AI work at "TGIF" meetings. Brin appeared onstage during a special 25th-anniversary edition of Google's monthly all-hands meeting (known as "TGIF," or Thank God It's Friday) on September 26. A recording seen by Insider shows Brin receiving rapturous applause from employees. "I didn't want to say anything because I trust Jeff," Brin added. "When we started, it was actually on Fridays and then it made its way to Tuesday," Brin said.

Persons: Sergey Brin, Brin, Larry Page, Sundar Pichai, Google's, Douglas Adams, Jeff Dean, Andrew Ng, Dean, Jeff, " Brin, anyone's Organizations: Google, Street Journal Locations: View , California

☆ Google just ended a controversial system that warned employees they were at risk of being labeled low performers
▼ + stars: | 2023-08-03 | by ( Hugh Langley | ) www.businessinsider.com time to read: +3 min

Google has removed a controversial tool known as "support check-ins." They were a way to warn employees who were at risk of being labeled as low performers. The decision to kill support check-ins has split opinion among staff. Google has ended a practice that alerted employees when they were at risk of being labeled a low performer, Insider has learned. Prior to the GRAD system, and to the layoffs Google has conducted this year, Google was known as a company that rarely put employees on PIPs.

Persons: Fiona Cicconi, SCIs didn't, SCIs, we've Organizations: Google, GRAD, SCI, Employees

☆ Even Google employees want their company to make smaller smartphones
▼ + stars: | 2023-05-19 | by ( Hugh Langley | Rosalie Chan | ) www.businessinsider.com time to read: +2 min

Google just launched two new Pixel phones. In a town hall held last week, employees asked whether the company would make smaller phones. A Google exec said the company would — if enough users ask for it. Google just announced two new Pixel smartphones — the Pixel 7a and the Pixel Fold — to pretty good early reviews. Apparently, some Google employees feel the same way.

☆ Google employees bombard leaders with questions about the company's strategy, asking if it's become too AI-focused
▼ + stars: | 2023-05-19 | by ( Hugh Langley | Rosalie Chan | ) www.businessinsider.com time to read: +5 min

Top of mind for employees was AI, including the company's recent showcase of generative AI products at its I/O developer conference on May 10. But staffers have concerns about the impacts of Google's aggressive push to build generative AI into all of its products. These OKRs were written to "rally" teams to incorporate AI into Google's products, Pichai said. 'People don't want to just hear AI-generated content'Another submitted question read: "LLMs are inundating the internet with AI-generated content, such as websites, books, images, music, and videos. This AI-generated content may eventually lead to a decline in internet quality, which may directly affect the quality of Google's search results.

☆ As generative AI dominates Google's product lineup, employees ask leaders: What's going on with Assistant and Nest?
▼ + stars: | 2023-05-19 | by ( Hugh Langley | Rosalie Chan | ) www.businessinsider.com time to read: +3 min

Generative AI was undoubtedly the star of Google's I/O developer conference. Google also recently reshuffled its Assistant team to focus more on Bard, CNBC previously reported. CEO Sundar Pichai said there was "a reason" the Assistant team was also working on Bard, before handing it to Sissie Hsiao, Google's head of Assistant and Bard. Google's voice concierge wasn't the only product MIA from I/O – Nest, the company's brand of smart home speakers. Google's Nest manager Sameer Bansal said in response that Nest is a "core part" of the device strategy.

☆ The good news is markets look resilient — but the bad news is just about everything else
▼ + stars: | 2023-02-17 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Wizardry aside, let's see why the stock market has proved so resilient this year, even though the economy's providing nothing to cheer for. DataTrek cofounder Nicholas Colas is chalking up stable markets to strong earnings. "The only explanation that makes sense to us for this conundrum of 'bad' news and stable markets is that US corporate earnings power remains resilient," Colas wrote in a Thursday note to clients. Even as markets act like everything's fine, there's still not quite enough optimism among investors to say that markets are nearing a peak, according to Ned Davis Research. A top-ranked stock-picker said January's hot CPI report suggests the stock market is far from the bottom.

☆ ExodusPoint's 2022 struggles is a lesson for all of Wall Street: Play the hits
▼ + stars: | 2023-02-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

I shudder to compare some of the greatest artists of our generation to a hedge fund, but I can't help but notice some similarities between their disdain for their biggest hits and ExodusPoint's difficult 2022. The hedge fund, which still holds the industry's largest launch in history, ended the year with fewer assets, employees, and PMs than it started with. The world's biggest hedge fund has a new co-CIO. Ken Griffin, the billionaire owner of hedge fund Citadel, is causing quite the stir over his suggestion that a historic home on a property he owns in Miami be relocated. The firm continues to cut back on the size of a venture-capital fund its raising, The Wall Street Journal reports, with a new goal of $5 billion.

☆ A document circulated by Googlers explains the 'hidden force' that has caused the company to become slow and bureaucratic: slime mold
▼ + stars: | 2023-01-13 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

An internal Google document laid out a theory for why the company has become so slow. Komoroske compared Google's bottom-up organizational structure to a slime mold: single-cell organisms that can work independently but also form together to create a larger network. "Google is basically a slime mold," wrote Komoroske, placing Google on a sliding scale from top-down to bottom-up structures. The last update on the internal document was made in 2019. "I believe they are not specific to any one context, but rather emerge inherently any time there are individuals with autonomy who care deeply," wrote Komoroske.

☆ Our best stories on financial tech in 2022
▼ + stars: | 2022-12-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Today, we're going to recap all the great stories we've done this year on financial tech, whether it's up-and-coming startups or the projects at the biggest banks and investment firms. Wall Street and sports have a long history together. How top Wall Street firms are testing out cutting-edge tech. Shaw, here are 10 of the most innovative tech projects at top Wall Street firms. And we also identified the top Big Tech executives who could get poached by Wall Street firms looking to do more in the cloud.

☆ Netflix has lost its golden touch. Here's why the streamer is so boring now.
▼ + stars: | 2022-12-16 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Finance has long ranked employees, but it's been out of fashion in tech for nearly a decade. Netflix once made an explicit choice to invest in underrepresented communities, Paris Marx writes. Shows like "Orange is the New Black" and "GLOW" gave spotlights to women, queer people, people of color, and non-Americans. But, according to Marx, the company stopped prioritizing stories from underrepresented communities, and new players were throwing their hats into the streaming wars. Now, Marx writes that Netflix is filled with bland shows, half-assed reality TV, and hopelessly derivative movies.

☆ These 20 execs are powering the $1.2 trillion private-credit market
▼ + stars: | 2022-12-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

So who's behind this mysterious market that has now swelled to $1.2 trillion and accounts for more than 20% of the aggregate capital leverage companies borrowed? Insider's Rebecca Ungarino mapped out 20 of the most powerful people in the space from firms like Sixth Street, Golub Capital, Ares, and Blackstone. When PE firms start hunting for deals, these are the tech companies they'll target. Some tech companies are instructing managers to label low performers on their teams, potentially signally more cuts at some point in 2023. Turns out, having one room dedicated to booze isn't enough for the ultra-wealthy, The Wall Street Journal reports.

☆ Blackstone's grand ambitions for attracting retail money faces a hiccup
▼ + stars: | 2022-12-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's also a key part of the firm's push to attract retail investors, Insider's Rebecca Ungarino reports. Bloomberg previously reported that both firm CEO Steve Schwarzman and President Jon Gray have each put $100 million of their own money into BREIT since July. But as nice as it is to have the bosses' money backing your fund, that's not the target audience. And while there is a lot of upside to attracting retail investors — its private wealth arm has quadrupled in size to $233 billion in assets in four years — there are risks, too. Click here to read more about the recent headwinds facing Blackstone's big bet to attract retail money.

☆ One of Wall Street's toughest shops isn't for the faint of heart. But the rewards are plenty for those who make it to the top.
▼ + stars: | 2022-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Apollo Global Management; Yahoo; Brightspeed; Legendary; Alyssa Powell/Insider1. That, in a nutshell, is life at Apollo Global Management. The firm works on a points system that could most easily be described as a profit-share system, Casey told me. In other news:France's Kylian Mbappe celebrates with the trophy after winning the World Cup REUTERS / Kai Pfaffenbach2. You're not just watching the World Cup.

☆ FTX's blowup is a turning point for Wall Street's crypto adoption journey
▼ + stars: | 2022-11-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

But first, where does Wall Street go from here? A warning sign for Wall Street to get out now before it's in too deep. Insider's Rebecca Ungarino and Danielle Walker examined what the knock-on effects of FTX's blowup mean for Wall Street's crypto plans. A key part of Wall Street's adoption of crypto was working with intermediaries bridging the gap between the two worlds. Read more on how FTX's blow up might impact Wall Street' long-term crypto plans.

☆ After months of a slumping economy, layoffs are finally starting to hit finance firms
▼ + stars: | 2022-11-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

The economy has been trending downward for months, but it seems the shoe we've all been waiting to drop — layoffs — is starting to come down. Over on the tech side, Insider is covering the mass layoffs at Twitter, which started last night. Bloomberg reports that Twitter has been hit with a class action lawsuit, alleging staffers were not given enough notice before the cuts. Click here to see all the companies across industries that have already conducted layoffs. Keep updated with the latest business news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief.

☆ Inside ex-Goldman Sachs banker Gregg Lemkau's big bet on himself
▼ + stars: | 2022-10-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Gregg Lemkau (center) led MSD Partners, the investment firm financed by Michael Dell (right) to a merger with merchant bank BDT & Company, founded by Byron Trott (left). Gregg Lemkau seemingly had it all, which is why many were surprised at his decision to end his 28-year tenure at Goldman Sachs to run MSD Partners, Michael Dell's investment firm, in late 2020. Nearly two years later, Lemkau has silenced any doubters by orchestrating a merger between MSD and merchant bank BDT & Company. Lemkau will serve as co-CEO with BDT founder and CEO Byron Trott of the new firm, which will target rich families and founders. Click here to read more about Gregg Lemkau's ascension at Goldman Sachs and his decision to leave.

☆ TGIF! Stocks closing out week with a pop thanks to Apple and oil
▼ + stars: | 2022-10-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: 1 min

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☆ Blackstone is betting big on lending out money in the private markets, and the PE giant has $182 billion to do it
▼ + stars: | 2022-10-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Blackstone has some money to lendBlackstone, the world's largest private-equity firm and a big fan of warehouses, reported earnings on Thursday. By comparison, back in the good ole days (see: Q3 2021), Blackstone reported a profit of $1.4 billion. Blackstone reported its private credit unit was up 3% in the third quarter and 9.3% over the past 12 months. To read more about Blackstone's push into private credit, click here. A Fed president spoke somewhere that a Fed president shouldn't really be speaking, The New York Times reported.

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