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☆ How Group Black's $500 million promise to Black-owned media unraveled
▼ + stars: | 2024-07-24 | by ( Lucia Moses | Lara O'Reilly | ) www.businessinsider.com time to read: +16 min

Montaque cofounded Group Black in 2021 with the goal of directing $500 million in advertising money to Black-owned media in its first 18 months. With the pledge, Group Black laid out a plan to steer money to Black media owners and acquire media companies. Bough, Group Black's chief strategy officer, was a former Mondelēz and PepsiCo marketer who presented the CNBC reality show "Cleveland Hustles." Various outlets reported that Group Black mounted bids for media companies including the Sports Illustrated publisher Arena Group, the Paramount-owned BET, Vice Media, and Vox Media. Seven former employees described Montaque as an energetic leader but said he was ultimately ineffective in executing Group Black's mission.

Persons: Travis Montaque, Weeks, Montaque, Bonin, Black, George Floyd, Breonna Taylor, Richelieu Dennis, Dennis, Ursula M, Burns, Randy Brooke, Ursula Burns, Seth Kaufman, Moët Hennessy, Gamble, Ziff Davis, offsites, Gamble —, Spokespeople, Derrick Johnson, Lionel Hahn, Todd Brown, It's, Christopher Kenna, I'm, Samantha Skey, Black's Travis Montaque, Arturo Holmes, Vivek Shah, Bough, Sheila Marmon, Media's Refinery29, Erika Goldring, Richelieu Dennis who's, Kirk McDonald, GroupM Organizations: Black, Cannes Lions, Business, Black's, SHE, Cola, Walmart, PepsiCo, CNBC, Xerox, Getty, Moët Hennessy North America, Procter, Gamble, NAACP, Urban Edge Network, Corporate America, Association of National Advertisers's Alliance, Inclusive, Multicultural, Diversity Media, Penske Media Corp, Zeta, Fox, Everyday Health, Sports, Arena Group, Paramount, BET, Vice Media, Vox Media, Galore Media, Mirror, Marmon, Media Locations: GroupM, America, Soho, Manhattan, Santa Monica, Cannes

☆ He turned around his private-equity firm after he started using executive coaches. Here's what he told us.
▼ + stars: | 2024-07-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

At the time, I hadn't even heard of the term "executive coach." Here's how an executive coach changed my company and myself forever and why executive coaching is still an important part of our continued success. Another lesson was that I had to set very clear goals. AdvertisementIf you can be super clear on where you're going and what your goals are, you're going to be 20 times more effective. You're going to get that hour back 20 fold, maybe even a hundredfold.

Persons: —, Graham Weaver, Alex Nicoll, JP Flaum, Graham, Flaum, I'd, We're, It's, I've Organizations: Service, Alpine Investors, Business, Stanford Graduate School of Business ., Alpine, Graduate School of Business Locations: Denver , Colorado, Dallas, Chicago, Washington ,

☆ UAE's ADNOC awards $17 bln of contracts for gas project
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +3 min

Logos of ADNOC are seen at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. Italian engineering group MAIRE (MTCM.MI) and energy services group Saipem (SPMI.MI) said in separate statements they had been awarded $8.7 billion and $4.1 billion contracts by ADNOC respectively for the project. MAIRE's onshore EPC contract is worth about $8.74 billion and includes CO2 and sulphur recovery and handling, ADNOC said. The Hail and Ghasha project will capture 1.5 million tonnes per year (mtpa) of CO2, which would raise ADNOC's committed investments for carbon capture capacity to almost 4 mtpa, the statement said. ADNOC - which in July brought forward its net zero carbon emissions target to 2045 - last week said it aimed to increase its carbon capture capacity to 10 mtpa by 2030.

Persons: Toru Hanai, MAIRE, MTCM.MI, ADNOC, Saipem, Saipem's, Al Kindy, Sultan al, Jaber, Yousef Saba, Clauda, Alberto Chiumento, Jan Harvey, Mark Potter Organizations: REUTERS, Rights, Abu Dhabi National Oil Company, ADNOC, National Petroleum Construction Company, Fertiglobe, United Arab Emirates, United, Thomson Locations: Gastech, Chiba, Japan, Rights DUBAI, Abu Dhabi, Saipem, UAE, United Nations, Dubai, Gdansk

☆ YouTuber Preston has seen his brand-deal revenue soar in the last 6 months after hiring an in-house manager
▼ + stars: | 2023-07-12 | by ( Marta Biino | ) www.businessinsider.com time to read: +5 min

Preston Arsement is a YouTuber and founder of media company TBNR, which runs 18 YouTube channels. In December 2022, he hired a brand partnerships manager to negotiate brand deals in-house. In late 2022, Arsement made a move to scale his organization further, and began negotiating partnerships in-house. And other social-media personalities have brought brand deals in-house like Israeli YouTuber Nas Daily and travel creators Yes Theory. "The competition, if there there is any, goes to the other talent that are part of the TBNR brand," Arsement said.

Persons: Preston Arsement, he's, Arsement, Brianna, Keeley, TBNR, Forbes, Tyler Wentz, Nas, onboarding Wentz, Wentz, Tyler, they're, It's Organizations: Preston, Night, TBNR, GameStop Locations: Dallas, TBNR

☆ Shopify insiders and analysts are bracing for a strategy shift in the company's logistics business
▼ + stars: | 2023-05-03 | by ( Madeline Stone | Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

Insiders and analysts expect a major shakeup to Shopify's logistics strategy. "The fulfillment investment is sort of the biggest anchor that's keeping the business from being more profitable." That may be a welcome change for investors, who have been voicing increasing concern with the level of investment Shopify had planned. And Shopify Logistics CEO Aaron Brown told Insider in February that 6 River Systems' warehouse automation would be "the machine in the background making everything work." Weiss then asked if Shopify Logistics is intended to turn a profit.

☆ Benioff vs. Benioff
▼ + stars: | 2023-04-28 | by ( Ashley Stewart | Ellen Thomas | ) www.businessinsider.com time to read: +29 min

Within Salesforce, Benioff riffs are at times met with backlash from an angry workforce. "You're not going to fire your family during times of need," a former Salesforce executive told Insider. "I don't think they understand Ohana," Benioff told Insider. "Look, we have to be the example of stakeholder capitalism," Benioff told Insider. A 'New Day' at Salesforce"I use the Japanese principle of shoshin, beginner's mind," Benioff told Insider in a phone interview in March.

☆ Disney plans targeted hiring freeze and job cuts, according to memo
▼ + stars: | 2022-11-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +6 min

Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. "We are limiting headcount additions through a targeted hiring freeze," CEO Bob Chapek said in a memo to division leads sent Friday and obtained by CNBC. Your segment leaders and HR teams have more specific details on how this will apply to your teams." Your segment leaders and HR teams have more specific details on how this will apply to your teams. The taskforce will drive this work in partnership with segment teams to achieve both savings and organizational enhancements.

☆ Young Silicon Valley workers are in for a rude awakening as industry giants make major job cuts and ditch ambitious projects for the first time in their careers
▼ + stars: | 2022-10-27 | by ( Samantha Delouya | Kali Hays | ) www.businessinsider.com time to read: +4 min

Workers now fear layoffs after tech companies that hired thousands of workers with high pay face a slowing economy. For years, Big Tech companies have competed on pay and perks to lure workers in a tight labor market. It's a first for many tech workers, an entire generation of whom have known nothing but non-stop growth and a bull market. Earlier, the company told managers not to approve employee travel and team offsites unless they are "business critical." Younger tech workers don't just have to fear losing perks.

☆ After adding 37,000 employees in the last 12 months, Alphabet's CEO said the company will assess future projects 'pretty granularly' as it tries to curb costs
▼ + stars: | 2022-10-26 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

CEO Sundar Pichai said the company would review all projects "pretty granularly" and make "course corrections." Alphabet is facing slowing growth as advertisers pull back spending, and the company has reportedly cut some employee perks. Alphabet has attempted to cut employee expenses amid a slowdown - the company reported disappointing financial results for the third quarter on Tuesday. Alphabet has said it will reduce the pace of hiring, and it has reportedly cut back on perks like employee travel and team offsites. Earlier this year, Pichai reportedly told employees at an all-hands meeting that there are "real concerns that our productivity as a whole is not where it needs to be for the headcount we have."

☆ Amazon, Meta, and other big tech firms have entered the 'Great Hesitation' — cutting hiring and other costs in fear of an economic downturn
▼ + stars: | 2022-10-16 | by ( Rob Price | Eugene Kim | ) www.businessinsider.com time to read: +10 min

Leaders at large-cap tech companies are in an anxious waiting game, battening down the hatches as they prepare for the storm to hit. Some tech firms will be hurt moreAmong the biggest players in the tech industry, the impacts of a crash will not be felt evenly. "I look at these large tech companies, and over the last couple of years, obviously money's been free, everything got bloated, and all these tech companies — excluding Apple — have effectively doubled their head count over a three-year period, right? Beyond head count, tech companies are cutting back on extras, imperiling their famously lavish meal options. The largest tech companies are also signaling their anxiety by trimming budgets for their more experimental businesses and research projects.

☆ Ad agencies are calling their employees back to the office, setting up a potential clash with workers who want to stay remote
▼ + stars: | 2022-09-27 | by ( Lindsay Rittenhouse | ) www.businessinsider.com time to read: +5 min

Some ad agencies are making a renewed push to get employees back to the office after Labor Day. It's setting up a potential clash with employees, most of whom want the ability to stay remote. Some ad agencies are making a renewed push to get people back into the office after Labor Day, setting up a potential clash with employees who want to remain remote. Omnicom-owned GSD&M told employees they had to return at least three days a week after Labor Day, one current executive said. Christine Capone, president of experiential marketing agency MKG, said she planned to start holding monthly happy hours after Labor Day to get people back.

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