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Insider Today: Wall Street recruiting hell
  + stars: | 2024-06-30 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Become an Insider and start reading now. One senior partner at McKinsey told Business Insider that helping clients use generative AI might become most of the firm's work in the future. Alexsl, Tovovan/Getty Images, Abanti Chowdhury/BIGoogle's Gen Z studyResearchers at Jigsaw, a subsidiary of Google, unearthed alarming findings about Gen Z's internet habits. W6/Getty Images; Jenny Chang-Rodriguez/BIPE "Hunger Games"Private equity's annual recruiting process kicked off earlier than ever this year, sending young bankers into a frenzy.
Persons: , Jenny Chang, Rodriguez, They're, Goldman Sachs, Ashley Kostial, Taylor Glascock, She's, Alberto Miranda, Pong, It's, Abanti Chowdhury, Gen Z, influencers Organizations: Service, Business, Software, Venture, Consulting, McKinsey, SAP, BI, Aetna, Cognition, NFL, Google, Getty Locations: New York City, America, Silicon Valley
"It was harder than the initial assault," Kostial said of being stalked. The Aetna NDA only silenced her about the terms of her settlement, not the sexual assault. Kostial has discussed her situation with Vincent White, a New York city-based lawyer who specializes in workplace NDAs and advises signatories on the risks associated with breaking them. Kostial is fearful that if they wed, her wife's finances could be affected if either SAP or Aetna pursues her for breaking her NDA. AdvertisementWhenever she's seized by anxiety, Kostial reminds herself of how hard she's fought to move past the sexual assault and why she's coming forward.
Persons: , Ashley Kostial, she'd, She'd, Kostial, abrasions, Aetna, Brad Schleier, Schleier, hadn't, NDAs, Taylor Glascock, Kira, She's, Nina Wasow, Jodi Short, Evan Starr, Morton , Illinois Taylor Glascock, galling, Vincent White, White, Zelda Perkins, Harvey Weinstein's, Julie Macfarlane, she's, Hey Ashley —, he'd Organizations: Service, SAP, Marriott, Business, Ariba, Aetna, Aetna NDA, BI, University of California College of the, San, National Labor Relations Board, University of, Plano Police Department Locations: Plano , Texas, Plano, Phoenix, spokespeople, Aetna, Berkeley , California, California, New York, New, Maryland , New Jersey, New Mexico, But Arizona, San Francisco, NDAs, Morton ,, Oakland, Texas, Arizona, Illinois
Wisconsin’s top prison official wrote to the governor in 2015 with a dire warning: The state prisons were dangerously understaffed, imperiling both guards and inmates. Five years later, two men escaped from a maximum-security Wisconsin prison that once held Jeffrey Dahmer, fleeing early one morning when four of the facility’s five watchtowers were unmanned. Today, two of the state’s prisons have been in lockdown for months. Prison officials who initially blamed the restrictions on violent outbursts have since conceded that a shortage of guards has kept the lockdowns in place. By the time the crisis began, the state had known for years that it was losing guards faster than it could replace them, an examination by The New York Times and Wisconsin Watch has found.
Persons: Jeffrey Dahmer Organizations: Wisconsin, New York Times, Wisconsin Watch
How the UAW and Ford struck a historic deal
  + stars: | 2023-10-27 | by ( Vanessa Yurkevich | ) edition.cnn.com   time to read: +6 min
On Wednesday, after 41 days on strike, the UAW and Ford reached a tentative agreement. The Rouge plant in Dearborn, Michigan is where Ford Chairman and fourth generation controlling family member Bill Ford spoke about negotiations for the first-time last week. That speech perturbed UAW President Shawn Fain, who responded with a threat. What comes nextGetting the deal done with Ford was a big hurdle, according to a third source with knowledge. The Ford CEO said the deal the UAW was looking for would bankrupt the company.
Persons: Ford, Bill Ford, Shawn Fain, Jim Farley, , Fain, Benjamin Dictor, Dictor, Chuck Browning, “ Ford, “ We’re, Browning, Taylor Glascock, Farley, John Lawler, CNN’s Chris Isidore Organizations: CNN, United Auto Workers, Kentucky, Plant, UAW, Ford, General Motors, Arlington Assembly, UAW Ford Department, Ford UAW, GM, Ford Motor Co, Chicago Assembly Plant, General Motors Co, Stellantis, Bloomberg, Getty Locations: Louisville, GM’s, Arlington, Texas, Michigan, Rouge, Dearborn , Michigan, Dearborn, Chicago , Illinois
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Persons: Dow Jones
The New Bar Exam Puts DEI Over Competence
  + stars: | 2023-05-21 | by ( Jay Mitchell | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: Evanston, Ill., tries to dilute advance-placement qualifications. Images: Taylor Glascock for The Wall Street JournalThe bar exam is about to get a nationwide overhaul. The National Conference of Bar Examiners, or NCBE, which creates and administers the uniform bar exam, plans to roll out a revamped version of the bar exam, which it calls the “NextGen” exam, in 2026. After attending the NCBE’s annual meeting this month, I have serious concerns about how this test will affect law students, law schools and the legal profession.
Vanderbilt’s Bold Stand for ‘Neutrality’
  + stars: | 2023-05-16 | by ( Lamar Alexander | ) www.wsj.com   time to read: 1 min
Journal Editorial Report: Evanston, Ill., tries to dilute advance-placement qualifications. Images: Taylor Glascock for The Wall Street JournalMaryville, Tenn. When the Supreme Court overruled Roe v. Wade, the University of California’s president denounced the decision as “antithetical” to UC’s values. Vanderbilt University’s new chancellor took a different approach. Daniel Diermeier , who was appointed in 2020, reaffirmed Vanderbilt’s commitment to “principled neutrality,” in which the college and its leadership refrain from taking positions on controversial issues that don’t directly relate to the function of the university.
Oakland Teachers Strike for Climate Justice
  + stars: | 2023-05-09 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Images: Taylor Glascock for The Wall Street JournalTeachers unions once focused on the details of compensation and tenure, but these days they’re a vanguard of broader progressive politics. This week’s illustration is the teachers union strike that is holding children hostage in the name of climate and housing for the homeless. The strike by the 3,000-member Oakland Education Association in California is heading into its fifth day, and the impasse isn’t over pay. The district has offered a record raise that would immediately increase salaries by 22% plus a $5,000 bonus. Most workers would love that increase, especially if performance doesn’t matter.
HINES, Ill.—Every Thursday, Bob McMahon —often in his trademark Marine Corps sweatshirt and ball cap—volunteers in a food pantry at the Hines VA Hospital in suburban Chicago that helps veterans, active-duty troops and hospital employees. Mr. McMahon, 63 years old, who served in the Marines just after the Vietnam War and left the service as a Private First Class, was homeless when he first came to the Edward Hines Jr. VA Hospital program in 2013, which he credits with saving his life. The pantry serves more than 100 veterans a week, said Kerry Thomas, a licensed clinical social worker at Hines.
Investors say that through rental conversions they are making more homes available to people who cannot afford to buy or who would prefer to rent. Housing groups say the growth of this business has come at the expense of lower-income residents because rental conversions reduce opportunities for residents to build wealth through homeownership.
Walgreens Won’t Sell Abortion Pill in Some States
  + stars: | 2023-03-04 | by ( Ginger Adams Otis | ) www.wsj.com   time to read: 1 min
Photo: Taylor Glascock for The Wall Street JournalMedication abortions accounted for 54% of abortions in the U.S. in 2020, according to the Guttmacher Institute. Walgreens Boots Alliance Inc. said it won’t dispense the abortion pill in several states, including four where abortion is legal, as the company navigates the complicated landscape created after the Supreme Court overturned Roe v. Wade. The pharmacy chain said it intends to move forward with a federal certification process that will allow it to dispense mifepristone to customers from its bricks-and-mortar locations with a doctor’s prescription.
Deerfield, Ill.—A year into her job as Walgreens Boots Alliance Inc.’s chief executive, Rosalind Brewer realized the company’s board wasn’t entirely sold on her plan to save its ailing drugstore business. So she took directors on the road.
CHICAGO—A long-planned expansion of a freight yard where oceangoing containers are moved from railcars to trucks cleared a final hurdle Wednesday, a sign of the third-largest U.S. city’s importance as a rail hub and the challenges of running a railroad in a dense urban area. The city council approved a measure to turn over the streets and alleys that pass through block after block of empty lots now owned by Norfolk Southern Corp. The railroad began acquiring and eventually demolishing a total of 500 homes in Englewood, one of the city’s poorest neighborhoods, for the multimillion-dollar project in 2008.
Acts Housing, a Milwaukee nonprofit, has helped local low-income families buy their first home for more than two decades. More recently, these families have been losing out to investors whose all-cash bids are more attractive to sellers. “If a family is willing to pay the same amount for a property as an investor, how do we make sure that family actually gets that opportunity?” asked the group’s president and chief executive, Michael Gosman .
Andy Jenks, a sixth-generation Illinois farmer, owns shares in a small real-estate investment trust called Farmland Partners but rarely thought about them. That morning, a writer going by the name Rota Fortunae published an article on an investing website, Seeking Alpha, alleging Farmland was at risk of insolvency. Some investors had shorted the company, betting Farmland’s stock was poised to decline. It did, and by the end of the day, Farmland was down 39%. It took more than two years for the share price to recover.
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