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☆ Twitter could be a new wild card for the midterms
▼ + stars: | 2022-11-07 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

CNN Business —For years, Twitter has been a leader in countering misinformation and protecting elections. But concerns are growing that tumult inside Twitter in the first week after it was acquired by Elon Musk could weaken its safeguards for elections, just before the midterms are set to take place. Musk promised not to alter any of Twitter’s content policies until after the midterms. He tweeted: “Going forward, any Twitter handles engaging in impersonation without clearly specifying ‘parody’ will be permanently suspended,” and without warning. The shakeup at Twitter has turned the company itself into an election wildcard.

☆ DuPont takes welcome M&A break
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 2 (Reuters Breakingviews) - The seemingly eternal makeover at DuPont de Nemours (DD.N) has been forced into a welcome pause. The chemicals giant just scrapped its $5.2 billion acquisition of engineered materials manufacturer Rogers (ROG.N) after failing to secure clearance from Chinese authorities. Under boss Ed Breen, DuPont has undertaken a series of mergers and spinoffs. To pay for the deal, DuPont sold most of its so-called Mobility & Materials division to Celanese (CE.N) for $11 billion. The problem is that DuPont ditched old businesses at lower valuation multiples to fund purchases at much higher ones.

☆ Twitter locks out 'hundreds' of content-moderation workers. Now only about 15 people have keys to the system ahead of potential midterm disinformation, report says
▼ + stars: | 2022-11-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Only around 15 Twitter employees have access to content moderation tools, Bloomberg reported. But workers told Bloomberg it could cause misinformation to surge ahead of the midterm elections. Meanwhile, on Friday, Musk said that Twitter would form a new content moderation council. But, several workers responsible for moderating content on the site expressed concern as to how Twitter would address misinformation related to the upcoming midterm elections with substantially fewer workers, Bloomberg reported. Musk has repeatedly criticized Twitter's moderation efforts and indicated he would remove bans on several users.

In 10 years of ruling China, Xi Jinping has expunged political rivals, replacing them with allies. With Comrade Xi Jinping as the core” Unite more closely around the Party Central Committee with Comrade Xi Jinping as the core. Take practical actions to welcome the victory of the Party's 20th National Congress” With Comrade Xi Jinping as the core” With Comrade Xi Jinping as the core” Unite more closely around the Party Central Committee with Comrade Xi Jinping as the core. Take practical actions to welcome the victory of the Party's 20th National Congress” With Comrade Xi Jinping as the core” With Comrade Xi Jinping as the core” Unite more closely around the Party Central Committee with Comrade Xi Jinping as the core. Earlier this year, local officials in the southern region of Guangxi printed and distributed small red booklets about Xi Jinping Thought.

☆ Top investors say it's foolish to ignore the value in tech stocks right now. What to buy and when
▼ + stars: | 2022-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +25 min

Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.

☆ Goldman to merge investment banking, trading as Marcus takes backseat
▼ + stars: | 2022-10-18 | by ( Saeed Azhar | Lananh Nguyen | ) www.reuters.com time to read: +4 min

The group’s reorganization sees its investment banking and trading businesses merged into a single unit, two people familiar with the matter told Reuters. It is the biggest shakeup since the company’s investor day in early 2020 when it outlined plans for four core units: investment banking, global markets, consumer and wealth management and asset management. “They’re excellent at trading, excellent (at) investment banking,” said Marinac. But the consumer banking unit that launched in 2016 has struggled to gain traction and suffered from delays. The combined investment banking and trading group will be overseen by Dan Dees and Jim Esposito, who are currently global co-heads of Goldman’s investment banking division, and Ashok Varadhan, now co-head of its global markets division, according to Bloomberg.

☆ CEO David Solomon Is Restructuring Goldman Sachs Again
▼ + stars: | 2022-10-18 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

David Solomon is changing up Goldman Sachs divisions like he switches tracks. Goldman Sachs's third restructuring in four years comes as insiders have been questioning the direction that Solomon is taking the storied investment bank in. But first, read Dakin's rundown of who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon. The Swiss bank's investment bank chief Christian Meissner is also set to leave the company in the coming weeks. Keep updated with the latest business news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief.

Marcus, Goldman's consumer banking business, will be absorbed into the wealth unit, the sources said, confirming an earlier Wall Street Journal report. Register now for FREE unlimited access to Reuters.com RegisterThis is the biggest shakeup since the company's investor day in early 2020 when it outlined plans for four core units: investment banking, global markets, consumer and wealth management and asset management. The reorganization comes as the Wall Street titan seeks to boost its income from fee-based businesses and cut its reliance on volatile trading and investment banking revenues. The changes also signal Marcus, the consumer unit, is being relegated after Chief Executive Officer David Solomon expressed big ambitions to build a mainstream digital bank. But the consumer banking unit that launched in 2016 has struggled to gain traction and suffered from delays.

☆ Brazil's Natura mulls U.S. IPO, spin-off of luxury Aesop brand
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Oct 17 (Reuters) - Brazilian cosmetics company Natura & Co (NTCO3.SA) on Monday said it has begun studying a possible initial public offering (IPO) in the United States or spin-off of its Aesop brand, as it looks to fund its expansion. Natura said that in the event of an IPO or spin-off the luxury cosmetics brand would continue to be led by its current chief executive, Michael O'Keeffe. Natura reported a wider-than-expected quarterly net loss in August, as inflation and tough market conditions put pressure on in its margins. It said at the time it planned to increase the accountability of its business units after years of expansion fueled by high-profile acquisitions. Register now for FREE unlimited access to Reuters.com RegisterReporting by Peter Frontini; Editing by Mark Porter and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon
▼ + stars: | 2022-10-17 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +9 min

And he will also oversee a wealth management business that is now going to include portions of the consumer business, but wrapped in a wealth management offering. Both, according to Bloomberg's reporting, are being demoted to senior positions within Nachmann's asset and wealth management division. Stephanie CohenAnother executive thought by insiders to have lost some of her territory is Stephanie Cohen, the co-head of the consumer and wealth management division. Had Cohen been able to successfully helm the consumer and wealth management division alongside Tucker York, the currently discussed changes wouldn't have been needed, the people said. Cohen's co-head, York, will now return to his prior role of running the bank's successful private wealth management business.

☆ 'The devices would have gotten us killed.' Microsoft's military smart goggles failed four of six elements during a recent test, internal Army report says
▼ + stars: | 2022-10-11 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Microsoft won a contract worth as much as $22 billion to build smart goggles for the US military. The device received a poor reception from soldiers in a recent test, according to an Army report. Microsoft's smart goggles for the US military failed most elements of a recent Army test and one tester remarked the device would be dangerous for soldiers to wear, according to excerpts from an Army report dictated to Insider. The device failed in four out of six evaluation events in a recent "operational demo," according to a Microsoft employee briefed about the event. The Army contract was considered a major milestone for Microsoft in particular and the augmented reality field in general.

☆ Microsoft insiders describe a leadership vacuum in its metaverse unit as its gigantic US Military contract fell short in its latest test: 'The devices would have gotten us killed'
▼ + stars: | 2022-10-10 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +8 min

While "Alex needed to go," insiders say, the mixed reality unit split up after his exit and left a leadership vacuum. In June, Microsoft's Mixed Reality unit — responsible for the HoloLens goggles and other nascent metaverse projects — saw a huge shakeup. Now, months later, Microsoft insiders say the company's metaverse and mixed reality ambitions remain uncertain amid canceled projects, budget cuts, a struggling contract with the United States military, and lack of leadership. One insider said that there's "no roadmap to speak of" for HoloLens as Microsoft instead focuses on the Army contract. Mixed reality teams have already seen significant cuts to their expenses.

☆ Disney and Hulu salaries revealed: Pay data show how much the Hollywood giant recently offered for jobs across divisions
▼ + stars: | 2022-09-27 | by ( Elaine Low | Colin Salao | ) www.businessinsider.com time to read: +10 min

Disney+ accounts for 152 million subs, while Hulu has 46.2 million and ESPN+ has 22.8 million. Public work-visa data show Disney offers $93,150 to $242,000 for some jobs at Hulu and other units. Its flagship streaming service Disney+ alone accounts for more than more than 152 million subscribers, gaining on Netflix's 221 million. To see what Disney and Hulu pay for certain jobs, Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles.

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☆ Mark Zuckerberg is ‘derailing’ Facebook, says Harvard expert—here's how he can get ‘back on track'
▼ + stars: | 2022-09-22 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +6 min

Mark Zuckerberg's leadership is putting Meta on track to fail, a Harvard management expert says — but it's not a lost cause. That's the suggestion for Zuckerberg from Bill George, a senior fellow at Harvard Business School and former CEO of medical technology company Medtronic. Instead, Zuckerberg has become a leader who prioritizes profits, doesn't accept advice and blames others, according to George. In February, CNBC's Jim Cramer said he has "total faith in Mark Zuckerberg" when it comes to Meta's bet on the metaverse. Why a sabbatical may be unlikely for ZuckerbergBut the odds of Zuckerberg actually following George's advice may be unlikely.

☆ New Flexport CEO Dave Clark is shaking up the top of Ryan Petersen's $8 billion supply-chain startup
▼ + stars: | 2022-09-21 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Former Amazon boss Dave Clark took his seat as the co-CEO of Flexport on September 1. Petersen told The Verge that Clark will have more direct reports than he did when he was sole CEO. On September 1, former Amazon Global Consumer CEO Dave Clark officially took his spot as co-CEO of the supply chain unicorn. He took the role of senior vice president of operations at Flexport on September 12, and reports directly to Clark. On the podcast, Petersen touted Clark's decisiveness as a key asset.

☆ Some jobs won't recover from the pandemic recession. It could be a good thing for workers.
▼ + stars: | 2022-09-17 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The US is back to record-high employment, but the labor market looks nothing like it did in early 2020. For starters, many in-person service sectors are still struggling to get back to the employment levels seen before the pandemic. Transit and ground passenger transportation, which includes school buses and public transit, is also still not back to pre-pandemic employment either. "I think overall, accommodation and the broader leisure and hospitality industry will return to pre-pandemic employment levels," Zhao said. The changing labor market could be good for workersThe labor market shakeup isn't necessarily a bad thing.

☆ After an unexpected job loss, personal finance expert Jean Chatzky explains the steps she took when she started her business and what that success means to her
▼ + stars: | 2022-09-17 | by ( Jennifer Streaks | ) www.businessinsider.com time to read: +10 min

Jean Chatzky built her thriving business after an unexpected job loss. When starting your business make sure your idea has business legs, Chatzky says. Before Jean Chatzky wrote over half a dozen books on personal finance and money management, she was a financial columnist at Money magazine. I decided right then that instead of working for someone else again, I would start my business," Chatzky explained. Chatzky always tells business owners that it's important to continue to manage your own money while growing your business.

☆ Amazon CEO tells staff it is still committed to diversity after a management shakeup left it with no top Black executives
▼ + stars: | 2022-06-23 | by ( Isobel Asher Hamilton | ) www.businessinsider.com time to read: +2 min

Amazon lost two top Black executives amid a management shakeup Tuesday. Amazon's top-level executive team now has no Black executives on it. Alicia Boler-Davis is one of two senior Black executives to depart Amazon this week. Marcus Ingram/Getty Images"It's not lost on any of us that we're losing two of our most senior Black leaders," Jassy wrote in the memo, as published by CNBC. "I am (as I know the rest of s team is) committed to continuing to hire and develop Black senior leaders, as well as leaders in other under-represented segments," he added.

☆ Hulu salaries revealed: How much the streamer and other Disney divisions pay for jobs in tech, marketing, and more
▼ + stars: | 2022-03-31 | by ( Ashley Rodriguez | Travis Clark | ) www.businessinsider.com time to read: +7 min

Kelly Campbell exited as president of Hulu last year, and former Disney+ executive Joe Earley was named her successor in January. Insider analyzed work-visa disclosures to see what Hulu and other Disney divisions pay for certain positions. Most of the roles were tech jobs, including data scientist and software engineer roles. Disney Streaming did not comment by press time. For example, Hulu included a pay rate of $153,000 to $183,600 per year for a data engineer position.

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☆ UPS is facing down a fight with its drivers' union over the weekend delivery it needs to compete with Amazon and FedEx
▼ + stars: | 2021-12-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +8 min

Several regular drivers told Insider they'd be happy to work for the extra pay— but it's not worth the aggravation. Why Saturdays stinkWhile weekday drivers generally have an assigned route and learn it intimately, weekend drivers are often handed a new itinerary every shift, drivers said. He'll have at least some support there: Several drivers told Insider that getting rid of the 22.4 position should be the Teamsters' top priority. Any carrier that devotes capacity to weekend service will "lose a ton of money," Shanker said, if retailers don't take advantage. UPS' weekend strategy may soon get a shakeup from a newly emboldened union — and some seriously frustrated drivers.

☆ CBS News is mulling a shakeup to its anchor lineup
▼ + stars: | 2021-09-25 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +3 min

The talks are leading to speculation about potential changes for CBS star anchors Gayle King and Norah O'Donnell. CBS News is mulling changes to its talent lineup. One plugged-in TV executive hears that CBS is looking to create a broader or cross-company deal for King, though. CBS News is also circling NBC talent including MSNBC host Brian Williams and "Today" co-anchor Craig Melvin. A CBS executive shot down speculation, saying: "No one on that list is moving forward into an anchor job here, and Bill Whitaker already has one of the best anchor jobs in the business."

☆ After less than a year in retirement, Bob Iger is back at the helm of Disney. Here's how the media titan makes and spends his $690 million fortune.
▼ + stars: | 2020-03-31 | by ( Dominic-Madori Davis | Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Bob Iger is back in charge at Disney after less than a year of retirement. Iger was at the helm of the company during Disney's acquisitions of Pixar, Marvel, Lucasfilm, and most recently, 21st Century Fox. On Sunday, Disney announced that Iger would be returning as CEO to replace Bob Chapek. Iger, meanwhile, was compensated $65.6 million in 2018 — which Forbes notes is 1,424 times what the average Disney employee makes. Here's what we know about Iger's life and rise, including how he makes and spends his multimillion-dollar fortune:

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