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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.

☆ 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.

☆ 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.

☆ 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.

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.

☆ 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.

☆ 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.

☆ Why Paid Sabbaticals Are Good for Business: Better Employees, Less Burnout
▼ + stars: | 2023-01-09 | by ( Crissie Hoskins | ) www.businessinsider.com time to read: +10 min

And through it all, I didn't get fired, there was no formal reprimand, and I got paid the entire time. Sabbaticals provide a proactive hedge against employee burnout, an antidote for attrition, and a protection from career wanderlust. Some employers argue that offering paid time off won't help keep employees around, but my sabbatical made me more passionate about my work — and my workplace — than ever. I love my job and want to be sure my team and clients get the best of me. Sabbaticals are good for businessMy sabbatical wasn't an anomaly — research shows that sabbaticals help employees fight burnout and improve their well-being.

☆ Factbox: China to reopen borders, including with Hong Kong, after 3 years
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +4 min

Jan 6 (Reuters) - China will reopen its borders on Sunday, including with its special administrative region of Hong Kong, after nearly three years of COVID-19 closures and restrictions. Travellers from both Hong Kong and China must obtain a negative COVID test result and log it online within 48 hours of departure. Hong Kong and the neighbouring Chinese city of Shenzhen have launched an online booking system for travellers to reserve a slot. China will from Sunday resume issuing tourist and business visas for mainland residents to travel to Hong Kong and Macau. Reporting by Farah Master in Hong Kong, Bernard Orr and the Beijing newsroom; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Although international travel may not return immediately to pre-pandemic levels, companies, industries and countries that rely on Chinese tourists will get a boost in 2023, according to analysts. Elsewhere in the world, Cambodia, Mauritius, Malaysia, Taiwan, Myanmar, Sri Lanka, South Korea and Philippines are also likely to benefit from the return of Chinese tourists, according to research by Capital Economics. Saxon said he expected China’s outbound international travel to fully recover by the year end. “Generally, individuals are pragmatic and countries will welcome Chinese tourists due to their spending power,” he said, adding that countries may remove restrictions quickly when the Covid situation improves in China. “It will take time for international tourism to get going, but it will come rushing back, when it happens.”

☆ The labor shortage is bringing job seekers all kinds of new perks: Pick-your-pay, student-loan benefits, bonuses, and flexible work
▼ + stars: | 2023-01-05 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

A greater number are also offering remote work options, educational benefits, and fertility services. It's not just about remote work, though that remains one of the most important benefits for many workers. "What we're also seeing is that there are different approaches to hybrid work that people are exploring." This comes as more companies are outsourcing talent from lower cost-of-living countries after the pandemic made remote work more feasible. Some of these companies are also giving staffers the option of shorter workweeks and remote work.

☆ Mercedes to launch vehicle-charging network, starting in North America
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] A Mercedes-Benz sign is seen on Mercedes-Benz EQE, an all-electric sedan, during International Motor Show Auto 2022 in Riga, Latvia April 30, 2022. REUTERS/Ints KalninsBERLIN, Jan 5 (Reuters) - Mercedes-Benz (MBGn.DE) is poised to invest billions of euros to build 10,000 fast-charging points in North America, Europe and China by 2030, the luxury carmaker said on Thursday. The carmaker will commence construction in North America this year, targeting 2,500 charging points at 400 locations across most U.S. states and Canada by 2027, it said at the CES car show in Las Vegas which runs from Jan. 5-8. The United States has around 140,000 public EV chargers, according to July 2022 data from the National Renewable Energy Laboratory. Still, the region requires at least 3.4 million charging points by 2030 to meet an expected rise in demand, the study said.

☆ It's official: Remote work is going to make it easier to buy a home
▼ + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.

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