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☆ Get to the office if you want a promotion, ex-Google CEO says
▼ + stars: | 2024-11-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Major tech companies have cracked down on fully remote work, including Amazon, Google, and Meta. Get into the office and soak up the knowledge within its walls, Google's former CEO says. Studies have also suggested that being fully remote decreases workers' productivity. Companies, including Amazon, JPMorgan, and Goldman Sachs, have ditched their remote work policies for full return-to-office mandates, with some even threatening to track performance or terminate those who don't comply. However, Google assured workers in October that it would not follow Amazon's expectations for staff to come into the office five days a week.

Persons: Eric Schmidt, Schmidt, —, unravels ChatGPT, Goldman Sachs, Mark Zuckerberg, Sam Altman, Eric misspoke Organizations: Amazon, Google, Service, Technologies, Street, Stanford's Institute for Economic Policy Research, Companies, JPMorgan, Meta, Fortune, Stanford University

☆ 'Disclaimer' has a shocking twist ending that centers on an intense sex scene. Star Leila George breaks down filming 2 very different versions of it.
▼ + stars: | 2024-11-08 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Star Leila George spoke to BI about filming two versions of the pivotal scene. Leila George in "Disclaimer." AdvertisementThe 'Disclaimer' ending's twist hinges on dual versions of one sex scene, both performed by Leila GeorgeLouis Partridge and Leila George in "Disclaimer." For George, it was important to know that any sex scenes she was doing were essential to the story and not gratuitous. Advertisement"Everyone is safe as long as you're following the moves that you've pre-planned," George said, likening coordinated sex scenes to fight scenes or dance scenes.

Persons: Alfonso Cuarón, Star Leila George, —, Oscar, Cate Blanchett, Catherine Ravenscroft, she's, Stephen Brigstocke, Kevin Kline, Jonathan, Stephen's, Nancy, Catherine, Nicholas, Stephen, Rather, she'd, Leila George, we'd, Leila George Louis Partridge, George, Cuarón, Louis Partridge, Samantha Murray, Partridge, he'd, I've Organizations: Apple, Service Locations: Renée, Italy

☆ Palantir CEO says the company 'eviscerated' sales so hard execs have stopped talking about how 'crazy' he is
▼ + stars: | 2024-11-05 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

CEO Alex Karp said revenue growth was driven by AI demand in the US. AdvertisementPalantir CEO Alex Karp took a victory lap on Monday as the company reported big third-quarter earnings. "We absolutely eviscerated this quarter, driven by unrelenting AI demand that won't slow down," Karp, who co-founded Palantir in 2003, said in an earnings release. In a letter to shareholders that accompanied the earnings report, Karp said the US market was still the core of Palantir's business. The CEO added that Europe was being "left behind" in AI innovation and needed to adapt or "risk ruin."

Persons: Alex Karp, Karp, —, " Karp, unravels ChatGPT, it's Organizations: Service Locations: US, Palantir, New Hampshire, Silicon Valley, Europe

☆ Why your nest egg is Apollo's 'single biggest opportunity' for growth
▼ + stars: | 2024-11-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Helping fund that growth has been growing demand for retirement products, said CEO Marc Rowan. Here's Rowan's case for why your nest egg is the next frontier for the alternative asset manager. Helping to fund those loans is Apollo's retirement business, which Apollo CEO and cofounder Marc Rowan sees as the investment firm's "single biggest opportunity" for future growth. A slide from Apollo's earnings presentation that highlights inflows into Apollo's lines of business. Advertisement"I do envision a day when we will be talking about 60-40 portfolios that are comprised of public and private," Rowan said.

Persons: Marc Rowan, Here's, —, There's, Rowan, Athene, Apollo Rowan, unravels ChatGPT, Trump, Rowan hasn't Organizations: Apollo Global Management, Service, Apollo Global, North Star

☆ Amazon's CEO is even more bullish on the AI opportunity
▼ + stars: | 2024-10-31 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon's AI services are rapidly growing, with significant demand for AWS's AI chips. AdvertisementJust when you thought Big Tech executives couldn't get more bullish on AI, Amazon CEO Andy Jassy upped the ante on Thursday. Amazon has launched a number of new AI services in recent years, including Bedrock, an AI development tool, the Rufus shopping agent, and homegrown AI chips called Inferentia and Trainium. Amazon's AI business is "growing three times faster at its stage of evolution than AWS did itself," he added. AdvertisementCustomers are realizing that AI model training and inference "could get costly" and AWS's AI chips can be "very compelling" in terms of its price, the CEO explained.

Persons: Jassy, —, couldn't, Andy Jassy, We've, unravels ChatGPT, Rufus Organizations: Service, Big Tech, Amazon, Services Locations: capex

☆ 'The Diplomat' season 2 finale completely shakes up Kate's bid for the vice presidency
▼ + stars: | 2024-10-31 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +8 min

A major character death at the end of "The Diplomat" season two throws a wrench into the series. Keri Russell's titular diplomat, Kate Wyler, now faces a more challenging path to the vice presidency. AdvertisementNetflix's "The Diplomat" is a blisteringly fun political drama that leans into the melodrama of international politics — and like in its first season, season two concludes with yet another cliffhanger season finale. As she unravels the conspiracy behind the aircraft attack, she also has to contend with Vice President Grace Penn (an excellent Allison Janney) showing up in London. "The Diplomat" season two is streaming in full on Netflix.

Persons: Keri Russell's, Kate Wyler, —, Debora Cahn, It's, Grace Penn, Allison Janney, Kate, Grace, Keri Russell, Margaret Roylin, Nicolas Trowbridge, Trowbridge —, Trowbridge, Hal, Roylin, Rufus Sewell, she's, William Rayburn, Janney, that's, Russell, Rolling, Grace aren't, Hal ., Joe Biden's, Rayburn, Biden, Kamala Harris, Cahn Organizations: Service, British, Golden Globe, Netflix, United, State Department, United States Locations: United States, United Kingdom, Persian, States, London, Russian, Scotland, Europe, Russia, New York

☆ Elizabeth Holmes, Silicon Valley’s most famous convict, makes her long-shot appeal
▼ + stars: | 2024-06-11 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Holmes was sentenced to 11 years in prison for defrauding investors in her failed blood-testing company, Theranos. She is seeking a new trial, arguing that the judge in her case erred in several decisions during the 2022 proceedings. Since her conviction, her projected release date from prison has been moved up, shaving about two years off her sentence. Theranos’ unraveling, and Holmes herself, became the subject of a bestselling book, a Hulu scripted series and an award-winning documentary. Holmes knowingly concealed the technology’s problems, and still pushed to get the company’s Edison devices into pharmacies, prosecutors argued.

Persons: Elizabeth Holmes, Holmes, Stanford, Steve Jobs, Larry Ellison, Rupert Murdoch, Ramesh “ Sunny ”, “ Holmes, Balwani, Holmes ’, Theranos, “, Edward Davila, Balwani “, laywers, ”, Agustin Orozco, Crowell, Orozco Organizations: New, New York CNN, California’s, Circuit, Wall Street, Prosecutors, Moring Locations: New York, California, Texas

☆ A new Netflix docuseries unravels what it calls a ‘cult’ for TikTok dancers
▼ + stars: | 2024-05-28 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +11 min

CNN —Over two years ago, a 40-minute-long public plea made on Instagram Live rippled across social media. Melanie and Miranda had performed together as the Wilking Sisters, but the family said Derrick had disappeared from their lives. Until then, it’s unlikely that Derrick’s millions of followers would have noticed anything amiss, based on her social media accounts. Melanie Wilking and Miranda Derrick (formerly Wilking) built up a following together on social media platforms including YouTube and TikTok as the Wilking Sisters. They have maintained through social media posts that Miranda's issues with her family are a personal dispute.

Persons: Melanie Wilking, Miranda —, Miranda Derrick —, Melanie, Miranda, Derrick, James Derrick, Ellen DeGeneres, Miranda Derrick, James " BDash, Robert Shinn —, Kevin “ Konkrete ” Davis, BDash, Aubrey Fisher, Kylie Douglas, Davis, Fisher, Douglas, Instagram, Shinn, —, Isaiah Shinn, ”, Hannah, “, Derek Doneen, we’d, Priscylla Lee, Priscylla, Leigh, Melanie Lee, Jessica Acevedo, — Priscylla, Lee, ” BDash, it’s, Robert, Hannah Shinn, James, Matt Winkelmeyer, ” Shinn “, ” Doneen, you’re, God ”, Amy Carlson, Max, God, LHW, Jane Schoenbrun, Caleb Organizations: CNN, YouTube, Netflix, 7M Films, 7M, Internet, Shekinah Church, The Recording, Warner Bros ., Blair, The New York Times Locations: Los Angeles, TikTok, Shekinah, Korean

☆ Bob Marley Film Has a Strong Start, but ‘Madame Web’ Unravels
▼ + stars: | 2024-02-18 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

The sleepy United States box office finally lifted its eyelids over the holiday weekend. “Bob Marley: One Love,” a feel-good musical biopic, was on track to take in $33.2 million from Friday through Monday, for a strong total of roughly $51 million since opening on Valentine’s Day, according to Paramount Pictures. “Excuse me while I light my spliff,” read a celebratory post on the official X account for Marley, who died in 1981. “One Love,” which cost about $70 million to make, landed in what has emerged over the last year as a box office sweet spot — stories that feel both nostalgic and new — allowing it to overcome weak reviews, box office analysts said. “Madame Web” was on track to sell $17.6 million in tickets from Friday through Monday, for a total of $25.8 million since arriving on Valentine’s Day, according to Sony Pictures.

Persons: Bob Marley, ”, Marley, Madame Organizations: Paramount Pictures, Sony Pictures Locations: United States

☆ Hawaii's Supreme Court cites 'The Wire' in ruling bashing firearm access: 'The thing about the old days, they the old days'
▼ + stars: | 2024-02-08 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Hawaii's Supreme Court ruled there's no "state constitutional right to carry a firearm in public." The court's opinion said the US Supreme Court's 2022 concealed carry ruling "unravels durable law." AdvertisementThe Hawaii Supreme Court quoted the influential television series, "The Wire," in a ruling on Wednesday bashing gun ownership. Hawaii's Second Circuit Court agreed with Wilson's legal team, but Hawaii appealed the decision to its supreme court. AdvertisementThe creator of the highly acclaimed show, David Simon, highlighted the Hawaii Supreme Court's homage to his work in a post on X Thursday morning.

Persons: —, Christopher Wilson, Justice Todd Eddins, Slim Charles, David Simon Organizations: HBO, Service, York, Hawaii Supreme Locations: Hawaii's, there's, Hawaii, Hawaiʻi

☆ If you loved 'Inception, watch these 12 mystifying films next
▼ + stars: | 2024-01-19 | by ( Meghan Cook | ) www.businessinsider.com time to read: 1 min

Director Nolan first earned critical acclaim for his psychological thriller "Memento" (2001). Carrie-Anne Moss and Guy Pearce in "Memento." YouTube via Newmarket FilmsSummary: Leonard Shelby (Guy Pearce) uses photographs and tattoos to piece together evidence to track down his wife's killer, but he suffers from a unique form of amnesia that prevents him from creating new memories. Why you'll like it: Like "Inception," this psychological thriller centers on a man's obsessive love for his wife and how his emotions cloud his greater judgment. The two films also share Nolan's love for nonlinear storytelling; largely told in reverse, "Memento" unravels in a unique way, withholding vital information from viewers until the final sequence.

Persons: Nolan, Carrie, Anne Moss, Guy Pearce, Leonard Shelby Organizations: YouTube, Newmarket

[1/3] Hsiao Bi-khim, vice presidential candidate for Taiwan's Democratic Progressive Party (DPP) and former envoy to the United States, speaks to the media during a press conference in Taipei, Taiwan November 23, 2023. The opposition Kuomintang (KMT) and Taiwan People's Party (TPP) had previously agreed to work together against the ruling DPP but have made no progress on plans for a united presidential ticket. Lai and Hsiao, on the other hand, with a united party behind them, are moving ahead smoothly with their campaign. Their disagreement has gripped Taiwan for the past week, and both parties have insisted they still want to work together. At the Taipei hotel, Gou's campaign set up a digital clock counting down to Friday's election registration deadline of 0930 GMT.

Persons: Hsiao, Ben Blanchard, Lai Ching, Terry Gou, Lai, It's, Gou, Ko Wen, Hou Yu, Huang Shih, Huang, Yimou Lee, Sarah Wu, Jacqueline Wong, Robert Birsel Organizations: Taiwan's Democratic Progressive Party, REUTERS, Rights, Democratic Progressive Party, DPP, Kuomintang, KMT, Taiwan People's Party, TPP, ih, Thomson Locations: United States, Taipei, Taiwan, Rights TAIPEI, China, United, Beijing, Taiwan Strait

[1/2] Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down 17.5% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices, sending its shares tumbling. The industry invested heavily in new container ships during and after the pandemic to meet strong demand and benefit from record freight rates. A large number of new ships entered the market since the summer with no signs of idling or scrapping, said Clerc.

Persons: Jon Nazca, Moller, Vincent Clerc, Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Johannes Birkebaek, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Revenues, Thomson Locations: Algeciras, Spain, COPENHAGEN, North America, Copenhagen

REUTERS/Jon Nazca/File photo Acquire Licensing RightsSummaryCompanies Signals sharp downturn in demandTo review share buyback program for 2024Says industry facing overcapacity and lower prices, demandShares down more than 10% to lowest in three yearsCOPENHAGEN, Nov 3 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO), reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices. Shares in the Copenhagen-based group slid 11.1% by 0904 GMT, to their lowest level in three years. The group already warned in August of a steeper decline in global demand for shipping containers by sea this year. Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Terje Solsvik, Miral Fahmy, Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

Persons: Jon Nazca, Moller, Vincent Clerc, Morten Holm Enggaard, Maersk, Jacob Gronholt, Pedersen, Louise Rasmussen, Terje Solsvik, Miral Fahmy, Elaine Hardcastle Organizations: Triple, Majestic, APM, REUTERS, Shipping, Maersk, Walmart, Nike, Jyske Bank, Thomson Locations: Algeciras, Spain, COPENHAGEN, Copenhagen

☆ Waystar IPO Delayed Until December or 2024
▼ + stars: | 2023-10-31 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

Waystar provides large healthcare providers with payments software. Photo: AlamyOne of the last big IPOs of the year just got delayed as the short-lived rebound in the new-issue market unravels. Waystar was set to launch its roadshow to pitch investors this week, but now is not expected to do so until December at the earliest, people familiar with the matter said. The healthcare-payments company, which at one point was expected to fetch a valuation in the high-single-digit billions, will likely wait until 2024, some of the people said.

Persons: Waystar

☆ Microsoft CEO unravels ChatGPT, ethical AI, and going bust
▼ + stars: | 2023-10-20 | by ( Ben Bauer | Robert Leslie | ) www.businessinsider.com time to read: 1 min

Link icon An image of a chain link. It symobilizes a website link url. Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link.

A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Sources have told Reuters the Biden administration is likely to adopt new outbound investment restrictions on China in the coming weeks. Japan, the U.S. and Europe have already restricted the sale of high-tech chipmaking tools to Chinese companies while China has hit back by throttling exports of raw materials. To be sure, investment flows often fluctuate and many firms aren't leaving China completely or aren't leaving at all. "A lot of our clients are worried about their exposure to China as a sole country of supply."

Persons: Carlos Barria, Deng Xiaoping, Logan Wright, Biden, John Ramig, Buchalter, Daniel Seeff, Cardigan, Chi Lo, Lee Smith, Baker Donelson, Samuel Shen, Tom Westbrook, Winni Zhou, Jacqueline Wong Organizations: REUTERS, Corporate, China Markets, China's, Administration of Foreign Exchange, Investors, Reuters, Oxford Economics, Ministry of Commerce, Management, Thomson Locations: Pudong, Shanghai, SHANGHAI, SYDNEY, China, Japan, U.S, Europe, Haining, Peru, Hong Kong, Baker, Singapore

Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. BEIJING'S DILEMMALocal government debt reached 92 trillion yuan ($12.8 trillion), or 76% of economic output in 2022, up from 62.2% in 2019. To avoid that risk, the adviser suggested all stakeholders bear some of the burden: financial institutions, local governments, Beijing and society at large. From 2015 to 2018, local governments issued some 12 trillion yuan of bonds to swap for off-balance sheet debt. For the local debt problem to stop re-occuring policymakers need to implement profound changes to how the economy works.

Persons: Florence Lo, China's, Guo Tianyong, Logan Wright, ”, Tao Wang, Guo, Rhodium's Wright, Marius Zaharia Organizations: REUTERS, Beijing, Communist Party, Central University of Finance, Economics, Monetary Fund, Reuters, Local, UBS, BBVA, Thomson Locations: Beijing, BEIJING, “, China, Lincoln

But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley product to carry it out, the firm has fought efforts to hold it responsible. "So, effectively, Morgan Stanley is lending money to the victims of this scheme and that money then gets diverted into Shawn Good's pocket," Easley said. Morgan Stanley, which topped earnings expectations Tuesday thanks in large part to its wealth management business, declined an interview request. But more important than all of that, she said, was that he worked for Morgan Stanley. Morgan Stanley was among 16 firms charged, all admitting they violated federal securities laws.

Persons: Morgan Stanley, Caitlin Andrews, It's, Shawn Edward Good, Good, Shawn Good, Michael F, Easley Jr, Shawn Good's, Easley, pilfered, Marc Fitapelli, Andrews, Fitapelli, Charles Hayward of, whatever's, Hayward, CNBC Andrews, I've, Caitlin, Louis Straney, Romeo Stelvio, Straney, Morgan Stanley's Organizations: Prosecutors, CNBC, Destiny, Easley, Eastern, Raleigh, Financial Industry Regulatory Authority, IRS, North Carolina State Bureau of Investigators, Lexus, Porsche, Tesla, Securities and Exchange, SEC Locations: Carolina Beach , North Carolina, Morgan Stanley's Wilmington, North Carolina, of North Carolina, New York, Charles Hayward of Wilmington, Santa Fe , New Mexico, France, Italy, Spain, Netherlands, Wilmington, N.C

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Persons: Dow Jones

☆ Student Loans Decision Unravels One of Biden’s Signature Efforts
▼ + stars: | 2023-06-30 | by ( Michael D. Shear | ) www.nytimes.com time to read: +1 min

The Supreme Court’s rejection on Friday of President Biden’s student debt relief plan instantly unravels one of the president’s signature efforts and ratchets up the pressure on him to find a new way to make good on a promise to a key constituency as the 2024 presidential campaign gets underway. When Mr. Biden announced last summer that his government would forgive up to $20,000 in federal student loan debt, student advocacy groups and many progressives cheered the move, which was projected to help 40 million people and cost $400 billion. “People can start finally to climb out from under that mountain of debt,” Mr. Biden said. His plan, which came after months of agonizing about who it would benefit and whether it was too costly, would have been a centerpiece of his argument to voters that his economic agenda is designed to help low- and middle-income Americans blaze a path to greater prosperity. Instead, a majority of the justices agreed with critics who said the president’s debt relief plan went beyond the president’s authority under congressional legislation allowing changes to student loans during a public emergency.

Persons: Biden’s, Biden, Mr

☆ Juliet Stevenson Returns to ‘The Doctor,’ and the New York Stage
▼ + stars: | 2023-06-13 | by ( Roslyn Sulcas | ) www.nytimes.com time to read: +1 min

At the start of Robert Icke’s “The Doctor,” the actress Juliet Stevenson stands alone in a spotlight onstage. I’m a doctor.”As the play’s title character, a grammatically exacting neurosurgeon named Ruth Wolff, Stevenson will repeat those last two phrases many times as events unfold and Ruth’s clarity and intellectual certainties erode. Eventually they will transmute into something far more inchoate as her life unravels, and self-doubt begins to permeate her conviction that being a doctor is all that matters. In Icke’s version, the issues go beyond questions of medical ethics and religious affiliations to include identity politics and cancel culture. The play, and Stevenson, received rave reviews when “The Doctor” was first presented in 2019 at London’s Almeida Theater, where Icke was then the artistic director, and later after it transferred to the West End.

Persons: Robert Icke’s “, Juliet Stevenson, “, Ruth Wolff, Stevenson, unravels, Arthur Schnitzler’s, Bernhardi, ”, Icke, ” Michael Billington Organizations: Roman Catholic, London’s, Guardian Locations: New York, obduracy

☆ The Big Meat Conspiracy Theory Unravels
▼ + stars: | 2023-05-15 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The state may force everyone to pay for centuries-old wrongs. Images: AFP/Getty Images/The Sacramento Bee/APRemember when President Biden and progressives last year accused meat packers of colluding to fatten their profits. Tyson Foods last week reported its first quarterly loss since 2009 as meat prices tumbled. Tyson’s stock plunged after it reported anemic sales and downgraded its forecast. The quarterly loss at the largest U.S. meat supplier marks a stunning reversal from 2021 and early last year when it earned record profits amid a run-up in meat prices.

☆ To my son, born in the climate crisis: I see signs of hope
▼ + stars: | 2023-04-23 | by ( Bill Weir | ) edition.cnn.com time to read: +11 min

The first looked at the twin crises of Covid and climate change as River was born; the second introduced him to Earth Day and what he could do. Watch Weir investigate “How to Unscrew a Planet,” on CNN’s “The Whole Story with Anderson Cooper,” Sunday at 8 p.m. Energy from clean sources, like this windmill in Texas, is heating and cooling more homes in America than ever before. “We call it climate intervention,” Kelly Wanser told me as we sat under bluebird skies and the Washington Monument. So far, it feels like your future will be marked in new stories to frame our wants and needs, and new tools to build Life As We Know It Could Be.

☆ Another cultish cost-saving formula gets off-track
▼ + stars: | 2023-03-29 | by ( Jeffrey Goldfarb | ) www.reuters.com time to read: +9 min

Despite its multiple interpretations and approaches, success is widely gauged by a railway’s operating ratio, a simple measure of how much it spends to make a buck. Union Pacific’s peers improved similarly, indicative of the antiquated ways the industry had been deploying resources. Union Pacific also found itself unable to bring back enough furloughed workers in areas where they were most needed. “In a significant departure from the railroad industry's recent past, we deliberately moved away from a singular focus on operating ratio,” he told lawmakers. “If we wanted to drive [operating ratio] lower over time, we could,” the board wrote in a letter to shareholders in late 2021.

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