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☆ Salesforce is losing the key execs behind some of its biggest and most expensive bets at a critical moment
▼ + stars: | 2022-12-06 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Slack CEO Stewart Butterfield is also departing, along with some other product-focused execs. The departing execs championed Salesforce's product strategyThe departures of Taylor, Butterfield, and Nelson come as Salesforce's strategy comes under the microscope on Wall Street. With Slack and Tableau, Salesforce already had a lot to prove. Salesforce has already said that Lidiane Jones, an executive VP, will take over for Butterfield as Slack CEO. What it does mean, however, is that Salesforce, Slack, and Tableau are all losing the biggest champions of the integrated product strategy right as the company faces hard questions.

☆ The Fed could raise rates to 5% and leave them there, and the central bank will only cut in the face of severe economic weakness, Bridgewater strategist says
▼ + stars: | 2022-12-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The Fed could surprise markets by keeping the Federal Funds Rate elevated for an extended time, Bridgewater's chief investment strategist said. The Fed may initiate multiple rounds of tightening to tame inflation, which poses risks to markets. Only severe economic weakness would justify the Fed cutting rates. "What's not priced in is the Fed going high, and holding," Patterson told Bloomberg on Monday. Sustained elevated rates will catalyze dramatic changes to the investing landscape, in Patterson's view.

On Monday, the company announced the departure of Slack CEO Stewart Butterfield, who joined Salesforce last year as part of its biggest acquisition ever. Taylor, who joined Salesforce in 2016 through the acquisition of his startup Quip, said he'd "decided to return to my entrepreneurial roots." While Taylor and Butterfield are the highest-profile exits, they're far from alone among Salesforce's executive ranks. Noah Weiss, senior vice president of product at Slack, will succeed Yehoshua, Butterfield said in a Slack message. Butterfield is being succeeded by Lidiane Jones, an executive vice president at Salesforce who joined in 2019.

☆ Meet incoming Slack CEO Lidiane Jones, who will take over when co-founder Stewart Butterfield departs in January
▼ + stars: | 2022-12-05 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Lidiane Jones is taking over Stewart Butterfield's role as CEO of Slack. Slack CEO Stewart Butterfield is exiting the company in January, and Salesforce has confirmed that Lidiane Jones will be his successor. "Slack will have a new CEO: Lidiane Jones. This is good: Lidiane is amazing," Butterfield wrote in the post, which was viewed and published in full by Insider. A spokesperson for Salesforce wrote in a statement to Insider that Butterfield was "instrumental" in choosing Jones as his successor.

☆ Katherine Heigl: Hollywood has changed, and so have I — it's easier to speak up now
▼ + stars: | 2022-12-02 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +7 min

Katherine Heigl, 44, says there's a delicateness in Hollywood that didn't use to exist. She said "Firefly Lane" gave freedom to actors and showrunners and helped her focus her career. Hollywood is really different from how it used to beThe industry has really changed since I first started out. An example: For "Firefly Lane," we had an intimacy coordinator on set — a person whose job it is to ensure that actors feel comfortable during intimate scenes. The emergence of original streamer content is pushing some of the changeFilming for a streamer is a totally different kind of experience than filming for linear television.

☆ Salesforce loses another top executive a day after Bret Taylor's departure as Tableau CEO quietly exits. Here are the top execs who left the company recently.
▼ + stars: | 2022-12-01 | by ( Ashley Stewart | Matt Lynley | ) www.businessinsider.com time to read: +2 min

Tableau CEO Mark Nelson is leaving the Salesforce-owned software company. The news came the day after Salesforce announced co-CEO Bret Taylor's resignation. Here's a list of top Salesforce execs who left the company recently. "Today marks my last day Tableau after an amazing 4 ½ years," Nelson wrote on Twitter. Here are some of the top executives who left Salesforce in the past year:Are you a Salesforce employee or do you have insight to share?

☆ Marc Benioff's 2023 to-do list after his co-CEO's shocking departure
▼ + stars: | 2022-12-01 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Salesforce is seeing it's co-CEO Bret Taylor depart and facing slowing revenue growth. While earnings beat analyst expectations, it also revealed the slowest revenue growth in the past two years, at 14%. Figure out the future of SlackTaylor's departure also raises questions about Slack, since Taylor spearheaded the $27.7 billion acquisition in 2020. Figure out how to jump-start revenue and land big customersWhile it wasn't a huge shock given the overall economic environment, Salesforce's slowed revenue growth is worrying. Secondly, as part of its larger platform strategy, Salesforce has been going after larger customers and looking to land deals for multiple Salesforce products versus just one or two.

☆ Roku's 'lack of profitability' justifies a discount to its peers, KeyBanc says in downgrade
▼ + stars: | 2022-11-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Roku faces a challenging road to profitability, according to KeyBanc Capital Markets. The firm downgraded shares of the beaten-up streaming stock to sector weight from overweight in a note to clients Monday. Patterson noted that Roku's 2023 and 2024 enterprise value-to-sales multiples of 1.9 times and 1.6 times are well below peer expectations and historic averages of 3.7 times and 3.2 times, respectively. "However, we believe share losses and lack of profitability warrant a discount vs. peers," he said. The firm adjusted fourth-quarter estimates and 2022 to 2024 revenue, gross profit and EBIDTA estimates to reflect its sentiment shift.

☆ Jennifer Lopez on what she learned from Warren Buffet — and other tips from celebrities on how to become a successful entrepreneur
▼ + stars: | 2022-11-28 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +4 min

The Hollywood Reporter released its second annual list of the top 40 celebrity entrepreneurs. Jennifer LopezThe best business advice Jennifer Lopez ever received came from Warren Buffet. Lopez said that the best business advice she's ever received came from Warren Buffet: "A brand is a promise." After founding the business with his co-founder, Evan Goldberg, Rogen said he's learned how to scale without compromising on product quality. but also added that the best business advice he's ever received was to "Be focused."

☆ Analysis: ‘Welcome to Chippendales’ strips down a true crime origin story
▼ + stars: | 2022-11-26 | by ( Lisa Respers France | ) edition.cnn.com time to read: +6 min

So in the coming weeks, we shall be switching things up and putting a little meat on the bone. Three things to watch‘Welcome to Chippendales’Kumail Nanjiani in a scene from Hulu's "Welcome to Chippendales." This new limited series, starring Kumail Nanjiani and Murray Bartlett, among others, also doubles as a true crime tale. Let me grab my dollar bills now, because the first two episodes of “Welcome to Chippendales” are streaming now. Grime is a British genre of hip-hop/electronic music, and Stormzy is one of its best-known stars.

☆ Cooling job market doesn't take the heat off the holiday hiring spree
▼ + stars: | 2022-11-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +7 min

Retailers are entering the holiday season amid a swirl of mixed economic signals. That leaves companies expecting another busy shopping season as they continue to grapple with a competitive job market. Before the holiday hiring rush, retailers were already looking to fill 800,000 open positions, according to the retail federation. There are some signs though that the labor market is starting to shift in employers' favor. "This speed is imperative during holiday hiring," John Patterson, Macy’s vice president of talent, said in an email.

☆ Jan. 6 Committee Prepares Final Report, Possible Criminal Referrals
▼ + stars: | 2022-11-24 | by ( Scott Patterson | ) www.wsj.com time to read: 1 min

In nine public hearings, the House committee pressed the case that Donald Trump was at the center of an effort to reverse the 2020 election results. WASHINGTON—The House select committee investigating the Jan. 6, 2021, attack on the Capitol is racing to finalize its long-awaited report, which it expects to release to the public in December, and make decisions about possible recommendations of criminal charges to the Justice Department. The report, based on more than 1,000 interviews, extensive videos of the attack and millions of documents, will be the final summation of the committee’s year-and-a-half investigation, and could include a criminal referral to the Justice Department for former President Donald Trump and allies of his who aided his attempt to overturn the 2020 presidential election result, committee members have said.

☆ NFL Thanksgiving Day previews: Bills, Cowboys, Vikings in action
▼ + stars: | 2022-11-23 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +26 min

Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J. To see if history repeats itself with a Cowboys win, or if the Giants can pull off the upset, tune in on Thursday at 4:30 p.m. Bill Belichick’s team could be on the cusp of a hot streak and are hitting the Vikings game at just the right time.

Michael Anderson, a bartender at Club Q, recalled that he heard "a few popping sounds" and initially assumed someone inside the club might have been clapping. In the dark of the club, Anderson saw "a silhouette of a person" clutching a long gun and heard one loud pop after another. "I don't know who stopped him," Anderson told NBC News, "but I'm grateful, because they most certainly saved my life last night." He has processed this much, Loveall said: "You don't need to take lives or cause pain and suffering to people that you don't know, you don't understand. "It's that adrenaline of, 'I can’t think, and I don’t know what to do.'

☆ NFL roundup: Joe Burrow helps Bengals get revenge vs. Steelers
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +10 min

Both of Herbert's touchdown passes were caught by Joshua Palmer, who finished with eight catches for 106 yards. Quarterback Marcus Mariota paced Atlanta's offense with 131 passing yards, a passing touchdown and a rushing touchdown. Hurts finished with 190 passing yards and 86 passing yards. Saints 27, Rams 20Andy Dalton threw three touchdown passes as host New Orleans defeated Los Angeles, which lost Matthew Stafford to a possible concussion. Kirk Cousins was ineffective in the passing game, totaling 105 yards through the air while completing 12 of 23 passes.

☆ I couldn't let my mom sell our family's drive-in theater, so I took over. Now I work with Universal, Warner Brothers, and Paramount to bring hit movies to the cornfields of Idaho.
▼ + stars: | 2022-11-20 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +10 min

She says she never thought she'd come home to run her family's drive-in theater. Of course when you're young, you don't realize how special something like our drive-in really is. When I was younger I never imagined I'd run my family's drive-in theater one day — but I couldn't let my mom sell itMy parents had sold their indoor theaters over the years, so the drive-in was the last one my mom was still operating. With any drive-in theater, weather is the biggest determinant of turnout. The drive-in really brings the community together.

☆ Man who threatened to crash plane into Walmart dies in prison while awaiting trial
▼ + stars: | 2022-11-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

— An airport worker who flew a stolen twin-engine plane erratically over north Mississippi for hours and threatened to crash into a Walmart store has died in federal prison while awaiting trial, federal authorities said Wednesday. The U.S. Bureau of Prisons said in a statement that Cory Wayne Patterson, 29, was found unresponsive Monday at a federal prison in Miami. Federal court records include a handwritten note from Patterson that an FBI agent testified he had found in the plane. During Patterson’s flight, he called 911 and said he intended to crash the plane into a Walmart in Tupelo. He urged the emergency operator to get the store evacuated, according to court records.

☆ Chinese stocks roar in a comeback, but here’s why big investors remain cautious
▼ + stars: | 2022-11-17 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

A stunning reversal in Chinese stocks in November has investors once again reassessing whether now is the time to double down on this once-hot market. "Biden's comments that he did not see an imminent threat to Taiwan from China were also noteworthy...," said Chang to CNBC. Investors CNBC spoke to remain encouraged by the country's much-needed reopening but want more evidence to suggest Beijing is easing its zero-Covid policy. The latest third-quarter 13F filings ending Sept. 30 also show several reputable hedge funds reducing their exposure to Chinese tech stocks. These positions may have changed since the end of September, but the data does suggest buy-side investors remain cautious on owning Chinese tech.

☆ Texas town approves plans for new building to replace school shooting site
▼ + stars: | 2022-11-17 | by ( Tyler Clifford | Steve Gorman | ) www.reuters.com time to read: +3 min

Nov 17 (Reuters) - The Uvalde school board in Texas has approved plans to replace Robb Elementary School months after the town decided to demolish the building where a teenaged gunman killed 19 children and two teachers in May. The school district did not immediately respond to a request for further details. Board members also agreed to install an interim leader of the school district's police department. In the past, he worked with Patterson at another Texas school district. Texas Department of Public Safety Director Steven McCraw said the response was "an abject failure," adding that officers at the scene lacked sufficient training.

☆ Texas GOP looks to restrict transgender health care and drag shows
▼ + stars: | 2022-11-16 | by ( Zachary Schermele | ) www.nbcnews.com time to read: +4 min

Texas Republicans introduced several bills this week that target the transgender community, including at least two measures seeking to criminalize gender-affirming care for minors and one bill looking to prevent children from attending drag performances. For minors, this type of care typically includes puberty blockers, which are recommended to trans youths before the onset of puberty, or hormone therapy for teenagers. The Texas bills come on the heels of a previous attempt this year by the state’s attorney general, Ken Paxton, to deem transition-related care for minors as child abuse under state law. Greg Abbott, the state’s Republican governor, subsequently called on citizens to report parents of transgender minors to the state if they suspect these minors are receiving gender-affirming care. The state’s current definition of “sexually oriented businesses” includes any venue where two or more people perform nude and alcohol is served.

☆ Oil reverses gains, falls on China COVID surge, firmer dollar
▼ + stars: | 2022-11-14 | by ( Emily Chow | ) www.reuters.com time to read: +2 min

Summary Brent, WTI prices ease after Friday's gainsMajor China cities report record number of COVID-19 casesU.S. Fed not "softening" fight against inflation - Gov. "USD strength appears to be weighing on oil and the broader commodities complex this afternoon," said Warren Patterson, head of commodities strategy at ING. But COVID cases climbed in China over the weekend, with Beijing and other big cities reporting record infections on Monday. China's demand for oil from world's top exporter, Saudi Arabia, also remained weak as several refiners have asked to lift less crude in December. A firm dollar after comments from U.S. Federal Reserve Governor Christopher Waller also weighed on oil.

☆ I worked on Netflix's 'The Jeffrey Dahmer Story' and the experience was so bad it broke me. The aftermath proved there are no safe spaces for Black women to talk about Hollywood.
▼ + stars: | 2022-11-14 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +11 min

It's not always easy being a Black crew member on a major production, because you'll often be one of the few. But the worst experience I ever had as a Black woman on a production was "Dahmer." The experience I had was tied in with the lack of diversity within the crew: Black crew members did not last long on this show. Black people — Black women specifically — have it hard enough already. Editor's note: Netflix declined to comment on human resource matters between employees and the number of Black crew members on this production.

☆ I'm Conan O'Brien's assistant of 13 years. I nap on the job, expense things I shouldn't, and talk back — and I'll probably work for him forever.
▼ + stars: | 2022-11-12 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +13 min

Sona Movsesian was an NBC page and landed her assistant job through an internal recommendation. But at times, I really don't act like it. I'm working with, in my opinion, the funniest person on television, and I'm working on a show that I'm proud of. I think I will be Conan's assistant until he dies — I'm going to ride this wave for as long as I can. Most people don't think of an assistant job in entertainment as a forever-job.

☆ Salesforce insiders say the performance review system set some of its top salespeople up for failure ahead of layoffs
▼ + stars: | 2022-11-11 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +7 min

Recent Salesforce layoffs impacted salespeople, insiders say. Salesforce insiders say the company set up its own salesforce for failure ahead of layoffs by using a quota system that penalized top performers with unrealistic goals and difficult accounts. "Our sales performance process drives accountability," a Salesforce spokesperson said in a statement provided to Insider. Marc Benioff SalesforceSalespeople describe a stretch-goal quota systemInsiders say the system Salesforce used to evaluate individual sales performance often gave even top salespeople unrealistic goals. When sales momentum slowed this year, Salesforce reacted first with a hiring slowdown, as Insider reported, and now with layoffs.

☆ I train horses for Hollywood and celebrities like Beyoncé and the Kardashians. The horses prepare just like actors and get scripts to memorize their parts.
▼ + stars: | 2022-11-11 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +10 min

Carlotta Montanari started her horse training company, Four Legs on Set, three years ago. So I formed my horse training company for Hollywood productions, Four Legs on Set, almost three years ago. I had no idea my horse training company would become such a great success. If we're having a photo shoot, the production has to be mindful that horses need to shift their balance, and walk and move. Horse training in Hollywood requires a strong love of horses, because it's not an instant cash-inOwning production horses is a big decision and responsibility.

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