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☆ Macron campaign accounts cleared by French audit body
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +2 min

PARIS, Jan 27 (Reuters) - French President Emmanuel Macron's 2022 election campaign finances, which came under scrutiny amid a wider controversy linked to U.S. consultancy McKinsey's ties to his government, were cleared by an audit commission, the body saidon Friday. The independent state body said it had received two tips about alleged irregularities in Macron's re-election campaign accounts which cited "irregular" assistance from unspecified consultancies, but said they appeared to be unfounded. Macron has said his campaign accounts had been flawless and that, as president, he does not directly deal with public tenders, adding: "The core of the investigation is not about me." With his campaign accounts now cleared and confirmation he did not break the legal ceiling applied to presidential election spending, Macron will get back about 10.4 million euros ($11.30 million) from the state towards his campaign spending. All the other contenders in the 2022 presidential election had their campaign accounts cleared by the state body.

☆ Goldman predicts clean hydrogen will be a $1 trillion market. Here's how to play it.
▼ + stars: | 2023-01-27 | by ( Pia Singh | ) www.cnbc.com time to read: +7 min

In the race to reduce global carbon emissions to zero, clean hydrogen is increasingly expected to be a winner. As the costs of renewable power falls, green hydrogen is becoming a better solution to decarbonization, Goldman said. How to play it Goldman said buy-rated First Solar is among the key players in the generation of green hydrogen. Experts say the tax credit makes nuclear hydrogen highly competitive with fossil fuel produced hydrogen, as companies can look to make clean hydrogen without losing any money. Goldman identified both Air Products & Chemicals and Linde as integrated clean hydrogen supply chain players.

☆ An ex-McKinsey consultant shares 5 myths about management-consulting interviews — and what to prepare for instead
▼ + stars: | 2023-01-27 | by ( Hendrikje Rudnick | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +4 min

An ex-McKinsey consultant listed five common myths about management-consulting interviews. Top management-consulting firms such as McKinsey & Company, Boston Consulting Group, and Bain & Company, known collectively as MBB, are notorious for their challenging interviews. Interviewers are trained to refrain from asking such things," Koné said. Instead, you'll face a series of case-study interviews where the interviewer will give you a problem from a previous project, he continued. "If you depend on specific knowledge to solve problems, you'll struggle when you have to tackle problems that take you out of your comfort zone.

☆ Hiring slowdowns, manager burnout and other trends that will shape U.S. workplaces in 2023, experts say
▼ + stars: | 2023-01-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Now, with a potential recession on the horizon, economists and researchers are convinced that 2023 will usher in even more significant changes to the workplace. CNBC Make It spoke with three experts about the biggest trends that will shape work this year. Hiring will slow in 2023 — but jobseekers will still hold the powerEven though several U.S. companies have slashed staff in recent months, workers will continue to have the upper hand in the labor market this year. Education, government, health care and retail are among the industries where hiring has maintained its momentum, and are poised for continued growth in 2023. "All of this is creating a manager shortage, which just exacerbates the challenges companies are facing attracting and retaining talent," she adds.

☆ We spoke with more than 50 CEOs, billionaires, execs, and government officials in Davos. Here are our 4 biggest takeaways.
▼ + stars: | 2023-01-25 | by ( Matt Turner | Cadie Thompson | ) www.businessinsider.com time to read: +10 min

Insider's Matt Turner and Cadie Thompson share their biggest takeaways from the World Economic Forum. More than 1,500 business leaders descended on Davos in the Swiss Alps last week for the World Economic Forum's annual meeting. The week of Davos, Alphabet published an explainer on its approach to AI signed by execs including CEO Sundar Pichai. "With every technology, there is good and then there's bad," Rima Qureshi, Verizon's chief strategy officer, told Insider. Several of those who spoke with Insider highlighted the need for much-greater collaboration among companies — and a willingness to experiment.

But to reach its ultimate destination - supermarket shelves - cultivated meat faces big obstacles, five executives told Reuters. California-based cultivated meat company GOOD Meat already has an application pending with the FDA, which has not been previously reported. Regulatory approval is just the first hurdle for making cultivated meat accessible to a broad swath of consumers, executives at UPSIDE, Mosa Meat, Believer Meats, and GOOD Meat told Reuters. But it will take hundreds of millions of dollars for GOOD Meat, for example, to build bioreactors of the size needed to make its meat at scale, Tetrick said. But cultivated meat companies have the advantage that they can claim their product is real meat, Tetrick said.

The digital ad industry is scrambling as consumer anti-tracking policies from big tech companies like Google and Apple and privacy regulations across the world have already started to wipe out ad revenue. By one estimate, Apple's 2021 app tracking privacy change alone was expected to erase $16 billion in revenue from the world's biggest digital ad companies last year. "As every year progresses, it's much more of an existential issue for the ad industry than the year prior," said Anthony Katsur, CEO of IAB Tech Lab, an ad industry trade group. These companies were selected based on Insider's own reporting, input from ad industry experts, and data from Sincera, an analytics company that tracks which adtech companies are most used in the industry. This list does not include the big tech companies like Google and Amazon.

☆ A Nike exec says a phisher stole his NFTs. Here are 3 things everyone should do to protect a digital wallet
▼ + stars: | 2023-01-23 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

In a tweet, Gopalani said the phishers stole his Clonex NFTs and some other digital collectibles, including some "Cryptokicks." Decrypt, a publication that covers web3, estimated the stolen NFTs were worth $173,000. Don't keep your digital assets in one place. Hardware wallets store keys to digital assets offline, making them inaccessible to cyber thieves. There's a growing suite of tools for digital assets, too.

☆ How 'Cryptoqueen' Ruja Ignatova ended up as the only woman on the FBI's most-wanted list
▼ + stars: | 2023-01-22 | by ( Faith Karimi | ) edition.cnn.com time to read: +12 min

Ruja Ignatova is one of the FBI's 10 most-wanted fugitives -- the only woman currently on that list. FBIShe is now one of the FBI’s 10 most-wanted fugitives, alongside accused gang leaders and murderers, and is the only woman currently on that list. The bureau declined to provide additional details to CNN beyond court documents from the US Department of Justice, which did not list an attorney for Ignatova. “The cryptocurrency OneCoin was established for the sole purpose of defrauding investors,” IRS Special Agent John R. Tafur said in a statement. Less than two weeks later, on October 25, 2017, she boarded a commercial flight from Sofia, Bulgaria, to Athens, Greece, court documents said.

☆ $340 billion pledged by companies to support racial equity following George Floyd's murder: McKinsey
▼ + stars: | 2023-01-21 | by ( Sharon Epperson | Lindsey Jacobson | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email$340 billion pledged by companies to support racial equity following George Floyd's murder: McKinseyNearly three years after George Floyd's murder, McKinsey & Co. has found that $340 billion has been publicly announced by companies to support racial equity. Shelley Stewart who leads the McKinsey Institute for Black Economic Mobility tells CNBC's Sharon Epperson how and where that money is being spent.

It's been nearly three years since the protests and racial unrest following the murder of George Floyd. As of Oct. 2022, the amount companies have pledged to support racial justice has grown to nearly $340 billion, according to McKinsey & Company senior partner Shelley Stewart. Second, they pledged the use of both capital and assets to help address "broader systemic inequality" outside their organizations. Still, it has been a challenge to meet such ambitious goals when it comes to deploying capital, Stewart acknowledged. Watch the video (will link when the video is live) to learn more about how companies have begun to invest in anti-bias structures both internally and in their communities.

☆ Home Depot's cofounder — who retired in 2002 — says he doesn't want the 'woke generation' leading business because of their 'laziness'
▼ + stars: | 2023-01-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Home Depot cofounder Bernie Marcus is adamant he doesn't want the "woke generation" leading business. He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits. Home Depot has distanced itself from Marcus, noting he hasn't worked at the company in 20 years. "How do you have a recession when you have people that don't want jobs?," Marcus said during Thursday's interview. "Bernie Marcus retired from The Home Depot more than 20 years ago and does not speak on behalf of the company," Home Depot told Insider in a statement.

☆ We're finally learning more about how Dollar General could take on the healthcare industry
▼ + stars: | 2023-01-19 | by ( ) www.businessinsider.com time to read: +3 min

Dollar General unveiled plans in 2021 to become a health destination for people in rural areas. Dollar General said it will evaluate whether to bring the clinics to additional stores. Dollar General just started delivering urgent and preventative care to customers in mobile clinics at three of its stores outside of Nashville. Dollar General is among several large retailers hoping to carve out a bigger piece of the $4.3 trillion healthcare industry. Dollar General's healthcare push so far has been limitedDollar General first said it wanted to expand access to healthcare services in rural communities in July 2021.

☆ Here's what top executives at Davos are saying about a recession. Many can see silver linings.
▼ + stars: | 2023-01-18 | by ( Ryan Hogg | Cadie Thompson | ) www.businessinsider.com time to read: +5 min

Executives at Davos weighed in on the likelihood and severity of a recession in 2023. Most expect the US to have a shallow recession, but Europe and elsewhere could be hit harder. I think there's going to be a lot of uncertainty. "And that means it's time to really think about hunkering down and focusing on what's important, and really focusing on the fundamentals, which is what we are doing within the company." We will do better if there's a recession – at least if there's a recession with unemployment."

☆ How VC Moritz Baier-Lentz went from being one of the world's best professional gamers to the new head of Lightspeed's gaming practice
▼ + stars: | 2023-01-18 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Moritz Baier-Lentz is joining Lightspeed Venture Partners as a partner to lead its gaming practice. Before becoming a top gaming investor, he was the top global professional "Diablo II" player. But he ditched his competitive gaming career for a more traditional career path in business. Lightspeed Venture Partners' newest partner Moritz Baier-Lentz has been a prominent gaming investor for years, orchestrating deals for big banks like Goldman Sachs and backing startups in the gaming space as an early-stage venture investor at BITKRAFT Ventures. Baier-Lentz put his gaming career on pause to go to college and then went on to work as a data manager for IBM.

Some Chinese youth who spoke to Reuters reflected the sense of frustration. But China's Gen Z has its own characteristics that present a dilemma for Xi, some analysts said. A survey of 4,000 Chinese by consultancy Oliver Wyman found Gen Z to be the most negative about China's economic outlook of all the age groups. FIXING THE YOUTHIn a New Year speech, Xi acknowledged the need to improve the prospects of China's youth, without mentioning the protests against his zero-COVID approach. Making housing more affordable could mean allowing a sector responsible for a quarter of China's economic activity in recent years to collapse.

☆ I left Manhattan for LA. It's easier to make friends, my cost of living is lower, and I'm so much happier here.
▼ + stars: | 2023-01-18 | by ( Daniel Zahler | ) www.businessinsider.com time to read: +14 min

I got the full New York City experienceI lived in Manhattan for 12 years. In 2015, I decided to sublet my West Village pad and spend the winter in Santa Monica. Santa Monica is one of the priciest areas of California, but it's still cheaper than Manhattan. Today I'm paying $3,000 a month for a spacious apartment in the heart of Santa Monica with amazing views of mountains and palm trees. New York City is unrivaled in its energy and diversity and is the major league of cities — truly world-class.

☆ Air fares will have to rise to clean up aviation
▼ + stars: | 2023-01-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

He said that financiers and energy suppliers should invest in SAF production, including in emerging markets. The wealthy people in this room and wealthy nations should be funding the energy transition in aviation to help support developing countries,” he added. Holland-Kaye said that companies can play a major role accelerating the adoption of SAF because business travel accounts for about 30% of fuel used in aviation. In 2021, the industry pledged to replaced 10% of global jet fuel supply with SAF by 2030. Clean energy investments need a major boost if the world is to meet its climate goals, according to Fatih Birol, executive director of the International Energy Agency.

☆ India is set to become the world’s most populous country. Can it create enough jobs?
▼ + stars: | 2023-01-17 | by ( Diksha Madhok | ) edition.cnn.com time to read: +5 min

New Delhi CNN —India will overtake China this year to become the world’s most populous country. That’s because India is simply not creating employment opportunities for the millions of young job seekers already entering the workforce every year. A huge crowd thronged India Gate on New Year's Eve on December 31, 2022 in New Delhi, India. The country needs to create at least 90 million new non-farm jobs by 2030 to absorb new workers, according to a 2020 report by McKinsey Global Institute. But, according to a former central banker, even this growth is “insufficient.”“A lot of this growth is jobless growth.

☆ I manage a Davos hotel where Bill Gates and other leaders stay for the World Economic Forum. We barely sleep and live off Red Bull, but we love it.
▼ + stars: | 2023-01-16 | by ( Natalie Rahhal | ) www.businessinsider.com time to read: +9 min

Hans-Rudolf Ruetti manages the Grandhotel Belvédère, where the most important WEF participants stay. For more than 50 years, what's now known as the World Economic Forum (WEF) has taken place in Davos, and every year, the Grandhotel Belvédère has hosted WEF guests. There are several events being put on by important guests, and this is always a challenging task when it comes to safety and security. We also built an additional three kitchens from where we can deliver food exclusively for hotel guests and events hosted here by the forum participants. There really isn't anything we at the hotel don't like about the WEF.

☆ 2 top executives at consulting giant McKinsey broke down 3 ways Gen Z is transforming the workplace
▼ + stars: | 2023-01-16 | by ( Cadie Thompson | Pete Syme | ) www.businessinsider.com time to read: +4 min

Gen Z is starting to transform the workplace, according to two McKinsey executives at Davos. They told Insider how Gen Zers are more open to collaborate than millenials, but still have strong values. "The millennial generation was like 'Let's blow up all the institutions and start from scratch'," she said, noting that Gen Z takes a more "pragmatic" approach. George told Insider how the company has changed its talent model to accommodate this. McKinsey is working hard to be "more open about who we are, and what we do, because that's how Gen Z sees the world," she added.

Many major companies are requiring employees to return to the office full or part time. Here's a list, in alphabetical order, of major companies requiring employees to return to offices. AppleIn August, senior leaders told workers they had to return to the office at least three days a week. Read more: Elon Musk tells Twitter employees to return to the office or their resignations will be accepted10. Read more: Uber CEO's internal memo mandates employees return to the office in April.

☆ 25 books management consultants from firms like McKinsey and Bain recommend for anyone who wants to make smarter business decisions
▼ + stars: | 2023-01-12 | by ( Weng Cheong | Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Most of their skills are mastered through business school and rigorous training at elite firms. But there are some skills management consultants can learn and develop from books. Leading consulting firms like McKinsey & Company, Boston Consulting Group, and the Big Four account firms (which consists of Deloitte, KPMG, EY, and PwC) are known to be rather tight-lipped about their client work. Insider has compiled a list of books recommended by MBA graduates, business school professors, and consultants. Here are 25 books related to management consulting you should read.

☆ This startup that makes green hydrogen more efficient and safer just raised $26 million. Check out the 20-slide pitch deck Hystar used to win over investors.
▼ + stars: | 2023-01-11 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

The company has developed technology to help create green hydrogen more efficiently and safely. A startup helping others make hydrogen more efficiently and safely just raised $26 million in a Series B funding round. The process is a chemical reaction that splits water into oxygen and hydrogen; hydrogen created this way is known as green hydrogen, in order to differentiate from other production methods. There is strong momentum for green hydrogen from both politicians and the public, Hystar CEO Fredrik Mowill told Insider. "Almost all of the losses in electrolyzers are a result of that resistance across that membrane," Mowill said.

☆ Pitch Decks That Advertising Tech Startups Used to Raise Millions
▼ + stars: | 2023-01-10 | by ( Business Insider | ) www.businessinsider.com time to read: +19 min

Check out these pitch decks that they've used to sell their vision and raise millions from private equity and VC investors. Blocking ad fraudAdtech startup Lunio, announced a $15 million Series A funding round in September 2022. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. Marketing in the metaverseAnima, an augmented-reality startup, raised a $3 million funding round from investors in Janury. He raised $50 million in Series D after closing a $34 million Series C last year, bringing its total raised to $100 million.

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