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You may find yourself continually obeying a toxic boss despite how they treat you. Ronald Riggio, a professor of leadership psychology, told CNBC four key reasons why this happens. "A bad leader attracts henchpersons who surround them because they like being connected to a powerful person," Riggio told CNBC. 'Cognitive laziness'If you have a toxic boss, it can be very tempting to try and ignore the problem and tell yourself everything is fine because it's too much effort to do anything about it. Thinking good results mean good managementWhile you may see a manager's toxic behavior, others may just see that they're producing good results, which often hides their conduct, Riggio said.

☆ Here's what the Wells Fargo cross-selling scandal means for the bank's growth
▼ + stars: | 2022-10-19 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

Wells Fargo is one of the oldest and most powerful banks in the United States. Regulators for banking, consumer protection, trading, and workplace safety continue to keep a close watch on Wells Fargo. In addition to fines, Wells Fargo has faced a cap on its assets, issued by the Federal Reserve in 2018. The issues at Wells Fargo are still unfolding. Watch the video to see how the Wells Fargo scandal positions the bank in 2022.

☆ Former MoviePass CEO Mitch Lowe looks back on the mistakes that led to the startup's collapse
▼ + stars: | 2022-09-06 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +19 min

Mitch Lowe, who has been a leader at Netflix, Redbox, and MoviePass, is releasing his book "Watch and Learn" on September 6. (L-R) MoviePass CEO Mitch Lowe and Helios and Matheson Chief Executive Ted Farnsworth. I never tried to quiet people internally, if they said something wasn't going well I always embraced it. Like you wrote that you "didn't know jack shit" when you first started at Netflix. When I was offered to be CEO of MoviePass, I felt my whole career had led up to this moment.

☆ 6 takeaways from the massive debate about the SEC's proposed new climate rule
▼ + stars: | 2022-07-12 | by ( Drake Baer | ) www.businessinsider.com time to read: +7 min

Gary Gensler, the chair of the SEC, told Insider the proposed plan is to make environmental, social, and governance, or ESG, reporting more formalized. The most popular is TCFD, a set of letters you should get used to if you're interested in climate policy. The task force developed its own set of international recommendations for climate reporting, with "core recommendations" centered around governance, strategy, risk management, and metrics and targets. How synced should ESG reporting be with preexisting quarterly and annual reports? "We believe ESG reporting will mature far more quickly but needs to follow a similar path."

☆ A CEO's guide to crafting a message that reassures and inspires staff during a crisis
▼ + stars: | 2021-02-09 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

This article is part of a series called "IQ to EQ," which explores the management styles of inspiring business leaders. The CEO's role here is to be as transparent as possible, and to remind employees that their contributions are valued — in general, but especially right now. Insider asked a communications consultancy and a Harvard Business School professor how CEOs should craft a message to employees that both inspires and assuages fear. Remind employees why they come to work every dayPurpose is a powerful way to motivate employees — especially during periods of uncertainty. "People don't come to work just because they earn a wage," said Sunil Gupta, a professor of business administration at Harvard Business School.

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