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☆ These 15 people are shaping the office of the future, designing meeting pods, hologram calls, and buildings that actually make workers healthier
▼ + stars: | 2022-10-24 | by ( Robert Davis | ) www.businessinsider.com time to read: +27 min

These 15 power players are just a handful of the people designing workplaces to balance productivity, interaction, and employee well-being through indoor-air-quality monitoring systems, building amenities, holographic meeting spaces, and more. AftershipCities like Austin, Texas; Nashville, Tennessee; and Raleigh, North Carolina, began offering business-relocation incentives during the pandemic to boost their workforces and help increase occupancy in office buildings. Room's office suite includes a phone booth, a meeting room, an open meeting room, and a focus room. Room also makes a soundproof meeting room that fits two people, a more open meeting booth, and a focus room designed for quiet concentration. "The future of office work needs to be guided by a new, genuine form of flexibility in which the work, not the workers themselves, become even more malleable," Petersen writes.

☆ Most of Gen Z doesn't think they'll ever be able to buy a house — so they're living with their parents and working multiple jobs
▼ + stars: | 2022-10-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

A new McKinsey survey finds that Gen Zers don't feel secure in their jobs, and can't buy homes. The youngest generation in the workforce is more likely to hold multiple jobs or be gig workers. In the wake of the pandemic, Gen Z disproportionately bore the brunt of job losses. And Gen Zers, whose oldest members are around 25, may have seen key life milestones particularly disrupted by the pandemic. A June survey from Credit Karma found that 29% of Gen Z was living at home, either with parents or other relatives.

☆ Meet the under-the-radar Apple executive who heads Apple TV+, gaming, and sports, and drives more than 860 million paid subscriptions
▼ + stars: | 2022-10-21 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +10 min

The former Time Warner Cable exec is driving Apple's subscription businesses including TV+, Sports, and Apple One. As VP, Services, Stern is responsible for running strategy and operations for multiple growth businesses inside Apple. Here's how Stern ascended from cable TV to the top of the tech giant, and what his moves mean for the future of Apple Services. A third former high-placed Time Warner Cable alum also recalled this exchange. He appeared on stage in 2019 as the frontman for the Apple TV app, in a pair of dark-wash jeans and an untucked gray button-down.

☆ Female executives are leaving their companies at record rates. Here's what employers can do to limit the losses.
▼ + stars: | 2022-10-21 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

A McKinsey report found that women leaders were leaving their companies in unprecedented numbers. In particular, companies need to prioritize flexible work, invest in career development, and foster diversity, equity, and inclusion, they said. Lareina Yee, McKinsey’s senior partner"Employers need to level the playing field for all workers," Thomas said. Employers also need to invest in professional-development programs for younger women — especially women of color. He said too many employers relied on their women leaders to foster inclusion and support employee well-being without acknowledgement.

☆ Princeton University student who vanished days ago has been found dead, officials say
▼ + stars: | 2022-10-20 | by ( Marlene Lenthang | Minyvonne Burke | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

A Princeton University student who vanished days ago has been found dead, authorities said Thursday. Since Sunday, the Princeton University DPS had been leading the investigation into her disappearance along with the Mercer County Prosecutor’s Office. On Wednesday and Thursday, Princeton University students were told to expect an increased law enforcement presence on and around campus as the desperate search continued with the use of a helicopter, drones and watercraft. They said they worked with her at Minds Matter Cleveland, a nonprofit that offers academic and mentoring resources for high-performing, low-income high school students. Slife added the sociology major “interned for Bank of America and worked for McKinsey.”Ewunetie's high school, Villa Angela-St. Joseph High School in Cleveland, said she was a 2020 honors graduate.

☆ Analysis: Renewables shift lays bare Africa's energy dilemma
▼ + stars: | 2022-10-19 | by ( Bate Felix | ) www.reuters.com time to read: +7 min

Besides the 678-km West Africa gas pipeline completed in 2008, linking Nigeria, Benin, Togo and Ghana, few regional oil and gas projects exist to take products where they are needed. U.S. climate envoy John Kerry has cautioned against long-term oil and gas infrastructure investment in Africa, urging countries to turn to renewables instead. "Africa's track record for gas projects in this regard is not encouraging," the IEA said, citing delays in TotalEnergies' Mozambique project and in the Senegal-Mauritania gas project. "Funding requirements for the oil and gas industry in Africa far exceeds the capacity of any one individual country in Africa. Previous plans for major regional projects such as large-scale refineries have been thwarted by rivalries, ending in countries constructing small refineries that eventually failed, the expert added.

Mental health as a spectrumChew said he was inspired to try to popularize mental healthcare after battling a panic attack when he was 16 years old. Justin Kim, CEO and co-founder of Ami, another digital mental healthcare start-up based in Singapore and Jakarta, agreed that there’s a need to scale mental health offerings. Alistair Carmichael, an associate partner at McKinsey & Company, said employers will benefit from better mental health in their workforce. “Mental health has long had a stigma across Asia, whereby traditionally we’ve seen it as a clinical issue, a crisis,” he said. “We see mental health just as important as physical health.

☆ Bank of Ireland offers menopause leave
▼ + stars: | 2022-10-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN Business —Bank of Ireland Group is offering paid leave for women employees going through menopause, joining a growing list of companies trying to prevent women from exiting the workforce. Employees will be able to take up to 10 days off a year if they experience physical or psychological symptoms related to menopause, the bank announced Wednesday. The bank, which employs around 9,800 people worldwide, will also train managers on how to support colleagues going through menopause. The announcement was made during Ireland’s first ever Menopause Awareness Week and comes as a growing number of companies in Britain and Europe, including Danske Bank and Deloitte, introduce policies targeting menopause. A separate survey by Standard Chartered Bank and Britain’s Financial Services Skills Commission found that a quarter of women are more likely to retire early because of menopause.

Last year, industry insiders predicted that 2022 would be the year of social shopping in the US. As the year closes, here's the state of play when it comes to social shopping. From TikTok to YouTube, companies introduced features to encourage users to shop in their apps — including native checkout — and shoppable livestreams, photos, and videos. "Everybody is trying to beef up their infrastructure for social commerce," Jason Goldberg, the chief commerce-strategy officer at Publicis Groupe, told Insider. Here's the current state of play in social shopping:

☆ 'It's a disastrous situation': Women leaders are leaving companies at the highest rate ever
▼ + stars: | 2022-10-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Women leaders are leaving their companies at the highest rate ever, and the gap between women and men in senior roles quitting their jobs is the largest it's ever been, according to new data from LeanIn.org and McKinsey & Company, which started tracking these numbers in 2015. Women are still struggling to climb the corporate ladderMore than half (58%) of women under 30 say career advancement has become more important to them over the past two years, compared to 31% of women leaders. What's more, women leaders are twice as likely as men leaders to be mistaken for someone more junior — and 37% of women leaders have had a co-worker receive credit for their idea, compared to 27% of men leaders. "It's a disastrous situation … you're not promoting enough women into the leadership ranks, and now you have more women leaving leadership roles," Thomas says. "In a world where women remain dramatically underrepresented in senior leadership, those two problems together create a pretty awful one-two punch for companies trying to hold on to women leaders."

☆ 'There are a lot of miserable women in corporate America': Women leaders have been leaving their jobs and companies in unprecedented numbers, a new report suggests
▼ + stars: | 2022-10-18 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +7 min

A new report suggests female executives ditched their jobs in unprecedented numbers in 2021. The report suggests women leaders experience a range of microaggressions that undercut their authority and stymie their career progression. For instance, the report indicated that 37% of female leaders had had a coworker get credit for their idea, compared with 27% of male leaders. It also suggested that women leaders were twice as likely as men to be mistaken for someone more junior. Wade Hinton, an inclusion consultant, told Insider he's not surprised by the large numbers of women leaders leaving their employers.

☆ Female leaders do more for diversity, equity, and inclusion at work than their male counterparts, but they aren't being recognized for it, a new report says
▼ + stars: | 2022-10-18 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

They're twice as likely as male leaders to spend substantial time on DEI work, but 40% say their DEI work isn't acknowledged in their performance reviews. as male leaders to spend substantial time on DEI work, but say their DEI work isn't acknowledged in their performance reviews. Fixing this issue could aid retention of female leaders at work at a time when companies are losing them at an unprecedented rate. The report notes that 43% of female leaders are burned out, compared to 31% of men at the same level. This could in turn lead to faster promotions and better pay, which can aid retention of female leaders at a time when companies are losing them in droves.

☆ Why women in leadership roles are more likely than ever to quit
▼ + stars: | 2022-10-18 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

And women who do ascend to leadership roles are more likely than their male counterparts to have their authority undermined and have some of their efforts go unrecognized. For Black women leaders, the undermining is worse. Of women leaders surveyed, 40% said their diversity, equity and inclusion efforts are not acknowledged in performance reviews. Roughly half (49%) of the women leaders surveyed said flexibility is among their top three considerations when deciding to join or leave a company versus 34% of men leaders. “Women leaders are leaving their companies at the highest rate ever, and the gap between women and men leaders leaving is the largest it’s ever been,” the study’s authors noted.

BlackRock, which manages around $8 trillion in assets, said Transition Capital would work with portfolio managers and BlackRock's capital markets team to find and back "proprietary transition-focused opportunities" across asset classes and geographies. The group would also work with BlackRock colleagues to develop new investment strategies and funds, and help deepen the company's research in the area, the memo said. The new unit will be part of BlackRock Alternatives and run by Dickon Pinner, who previously led on sustainability at consultant McKinsey, where he advised on the transition, the memo said. Pinner will report jointly to Edwin Conway, Global Head of BlackRock Alternative Investors, and the company's vice-chair, Philipp Hildebrand. As well as joining the BlackRock Alternatives Executive Committee, Pinner will also sit on senior sustainability committees, the memo said.

☆ 34 of the most promising women's health startups of 2022, according to VCs
▼ + stars: | 2022-10-17 | by ( Stephanie Palazzolo | Samantha Stokes | ) www.businessinsider.com time to read: +2 min

We asked top venture capitalists to name the most promising women's health startups so far in 2022. The result is a list of 34 companies covering everything from menopause to cardiovascular health. Last year, funding for women's health startups exploded to an impressive $2.5 billion, about a threefold increase from the previous year, according to data from McKinsey and Rock Health. Some think the colloquial label "femtech" for women's health startups prevents investors from seeing the potential of the space. Insider asked top investors to nominate the most promising women's health startups they'd come across, both within and outside their portfolios.

My family budget has a line item for my income: my paid work as a writer, and my unpaid work as a mom. This budgeting strategy gives my unpaid labor value — it recognizes that I work 12-14 hours a day. This unpaid labor balances out in the expense column, so there's no positive cash flow from it, but it appears on the budget anyway. If stay-at-home parents spoke up more about our monetary value, we might be more accurately seen as aggressively employed. Maybe the judgments would subside if we spoke up more about the monetary value of unpaid childcare, starting at home with our personal budgets.

At 27, Pierson has defied the odds that many entrepreneurs, especially Latinas, face. Latina founders run nearly 2 million businesses across the country, but receive less than 2% of venture capital funds. Pierson was one of several Latina entrepreneurs speaking in New York City on Friday at a breakfast for investors and members of the media (disclosure: This reporter was one of the moderators). Focused on funding opportunities for women of color, Pierson and others discussed their trajectories on raising capital, scaling up their businesses and achieving significant revenues. One of the other Latina entrepreneurs who discussed her experience starting a business was Karla Gallardo, the founder of Cuyana, a highly successful lifestyle brand known for its sustainably sourced and premium leather accessories and apparel.

☆ This exec helped raise $100 million to fund Latino-owned startups: It's 'a smart economic strategy'
▼ + stars: | 2022-10-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

As the U.S. slides closer to a potential recession, economists and business leaders are racking their brains for ways to improve the country's financial health. For Solomon "Sol" Trujillo, the answer is simple: Invest in Latino-owned businesses. In 2019, Trujillo, 70, founded L'Attitude Ventures, a venture capital (VC) firm that exclusively invests in Latino-owned businesses. Trujillo is a general partner at L'Attitude Ventures alongside former United Airlines CEO and chairman Oscar Munoz, Kennie Blanco, Laura Moreno Lucas and Gary Acosta, who is also a co-founder of the firm. "We want people to see that there are a lot of companies that can create growth and stimulate our country's GDP with the right support."

The AI software told banks to deny millions of legitimate purchases, at a time when consumers had been scrambling for toilet paper and other essentials. Seasonal variations, data-quality changes or momentous events - such as the pandemic - all can lead to a string of bad AI predictions. Also to blame was its AI system learning from corrupted data, the company said. Arize AI, which raised $38 million from investors last month, enables monitoring for customers including Uber, Chick-fil-A and Procter & Gamble. Zoldi said consumer habits were changing too fast to rewrite the AI system.

☆ Supply chain snarls loosen for U.S. companies, but plenty of problems remain
▼ + stars: | 2022-10-13 | by ( Timothy Aeppel | ) www.reuters.com time to read: +5 min

Some parts of his supply chain have clearly improved, said the vice president of global supply for Graco Inc (GGG.N), the Minneapolis-based maker of fluid handling equipment such as paint sprayers. But the complex nature of global supply chains means that companies like Graco are still struggling, since the shortage of just one part can hobble them. The COVID-19 pandemic set off a crisis in global supply chains, which is showing signs of healing. This suggests falling prices for some goods and services are still far from working their way fully through the economy. The regional bank’s Global Supply Pressure Index tracks data on shipping costs, delivery times, backlogs and other statistics into a single measure compared to historic norms.

“They broke their promise to Black farmers and other farmers of color,” John Boyd, a plaintiff and the president of the National Black Farmers Association, told NBC News on Wednesday just before he held a press conference on the matter. John Boyd, president of the Black Farmers Association, plants winter wheat in one of his fields in Baskerville, Va., on Jan. 8, 2019. The $4 billion was never delivered to Black farmers and other people of color, however. The new legislation aims to circumvent white farmers’ grievances and create two new funds while nixing the initial relief program. In 1920, there were more than 925,000 Black farmers in the U.S., making up about 14% of the farmer population, according to data analysis by the consulting firm McKinsey.

Oct 11 (Reuters) - The U.S. Supreme Court on Tuesday declined to hear McKinsey & Co's bid to escape a lawsuit by retired turnaround specialist Jay Alix accusing the management consulting firm of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings. Circuit Court of Appeals in January revived the case, saying Furman gave "insufficient consideration" to whether McKinsey undermined the integrity of federal judicial proceedings. McKinsey in its petition to the Supreme Court argued that the 2nd Circuit's decision ran contrary to past rulings by the high court holding that RICO lawsuits may be brought only by plaintiffs injured "directly" by wrongdoing. The firm urged the Supreme Court to consider whether lower courts must follow that standard "even if, in the court's judgment, the plaintiff's allegations implicate the court's 'supervisory responsibilities'" over judicial proceedings. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nate Raymond in Boston; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

☆ Here's how the $360 billion electric car battery market will impact the future of EVs — and how affordable they are for car-buyers.
▼ + stars: | 2022-10-11 | by ( Alexa St. John | ) www.businessinsider.com time to read: +14 min

There's also money to be made: The EV battery market could hit $360 billion by 2030, according to McKinsey. At Insider, we've looked at white-hot EV battery technologies that give automakers the EV performance they need at the price their customers want. It just led a $400 million investment into the little-known EV battery startup that could make it work. Giants like Tesla, GM, and Ford are going to be desperate for EV materials in the next decade. The soon-to-be $339 billion battery industry is on a hiring tear to power the shift to electric cars.

☆ The Biden administration wants to make it easier for gig workers to be full-time so Uber drivers and home health workers could qualify for benefits and better pay
▼ + stars: | 2022-10-11 | by ( Jason Lalljee | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The Labor Department announced a proposal making it easier for gig workers to be classified as employees. That proposal comes after years of pushback from gig work companies like Uber and Lyft. It's no secret that gig work has been spreading, as the rise of on-demand apps necessitated the rise of on-demand workers. Part of the expansion of unemployment benefits, which also included an additional $600 and then $300 a week, made gig workers eligible for benefits for the first time. The Labor Department announcement comes after years of organizing from labor activists pushing for gig workers to be classified as full employees.

☆ In Puerto Rico’s Troubled Energy System, McKinsey Gets Paid by Both Government and Vendors
▼ + stars: | 2022-10-10 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

McKinsey & Co., the consulting powerhouse that advises not just Puerto Rico’s government but also the primary contractors and vendors for the island territory’s energy system, is facing scrutiny in the wake of the power grid’s continued dysfunction. Since McKinsey was hired as the top consultant to Puerto Rico’s financial-oversight board, which oversees public spending, the firm has helped officials shape efforts to overhaul the territory’s electricity system through a privatization process that resulted in a venture backed by one of McKinsey’s clients winning the lucrative contract to operate the grid.

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