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☆ Salesforce CEO Marc Benioff and his fast-rising COO Brian Millham tell us where the software giant is headed after 'a difficult time'
▼ + stars: | 2023-06-07 | by ( Julie Bort | Nicholas Carlson | ) www.businessinsider.com time to read: +6 min

The changes shifted more responsibility to President and COO Brian Millham. The changes shift more responsibility to president and COO Brian Millham, and go some way toward addressing investor concerns about succession -- should Benioff decide to pass the CEO reins in the future. Brian Millham: Closer to 70%. We're seeing many of our ex-employees want to come back to Salesforce, incredible boomerangs back to the company. Benioff: Well, I think Brian and my marriage is quite proven.

Persons: Benioff, Brian Millham, Millham, Nich Carlson, Marc Benioff, Salesforce, Brian, he's, it's, I'm, Marc, Carlson, Ariel Kelman, Miguel Milano, Kendall Collins, you've, I've Organizations: Morning, Insider's Locations: Salesforce's, Salesforce

☆ AI startup cloud deals by Microsoft, Google and Amazon ring 'accounting alarm bells' across Silicon Valley over revenue 'round-tripping'
▼ + stars: | 2023-05-19 | by ( Eugene Kim | Stephanie Palazzolo | ) www.businessinsider.com time to read: +10 min

Some investors question whether these arrangements are artificially juicing cloud revenue growth. When Microsoft announced a multibillion-dollar investment in OpenAI earlier this year, the deal made Azure the ChatGPT-maker's "exclusive cloud provider." There's another deal in the works with similar attributes involving Runway AI and a major cloud company. But they are drawing more scrutiny lately because they could artificially inflate cloud revenue, a key driver of growth for Microsoft, Google, and Amazon, according to Ted Mortonson, managing director of financial-services firm Baird. Is OpenAI a regular cloud customer that is getting no investment money from Microsoft?

☆ Here are some of the craziest activities you can do on cruise ship, from full length karting tracks, to ziplines and 'boomerang' slides
▼ + stars: | 2023-05-08 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: 1 min

Robotron is a robotic arm with an attached gondola that seats three people and flies them out 53 meters above the sea, whilst rotating riders and giving them a 360-degree view of the ocean. It is available on the MSC cruise ship Seascape. Robotron, MSC Cruises MSC CruisesSource: MSC Cruises

☆ Oliver Stone says you should be more worried about the climate crisis than the risks of using nuclear power
▼ + stars: | 2023-05-05 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Oscar-wining director Oliver Stone released a documentary calling for more use of nuclear power. And nuclear power kills far fewer people than fossil fuels — the main cause of the climate crisis — in terms of air pollution and accidents. These events distorted the safety risks of nuclear energy, Stone argues, noting that beyond the 1986 Chernobyl disaster, few people have died from nuclear accidents. Stone told Insider he didn't know that Ralph Nader, who famously campaigned against nuclear power plants, described the documentary as a "propaganda boomerang." "I'd rather not," Stone told Insider.

☆ Uber's CEO became an undercover boss in a used Tesla and was surprised by how rude some riders can be
▼ + stars: | 2023-04-08 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Dara Khosrowshahi told The Wall Street Journal he encountered problems that discouraged drivers. He was surprised to find out just how many issues there were – and how unpleasant some riders could be. Khosrowshahi told the Journal he had a five-star rating for the 100-odd rides and deliveries he'd completed around San Francisco. The Uber CEO said he would try to keep customers happy by offering phone charging cables and serving up Spotify playlists featuring artists including Taylor Swift and The National. Khosrowshahi told the Journal that some drivers had returned in response to economic uncertainty, which was yet to have an impact on rider demand.

☆ UBS’s Sergio Ermotti Joins the Boomerang CEO Club
▼ + stars: | 2023-03-29 | by ( Alyssa Lukpat | Emily Glazer | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ubss-sergio-ermotti-joins-the-boomerang-ceo-club-f55bb096

☆ I drove the $40,000 Kia Niro EV and found it's a solid electric SUV for people who want something more traditional than a Tesla
▼ + stars: | 2023-03-29 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

I tested the 2023 Kia Niro EV, a $39,550 electric SUV. The 2023 Kia Niro EV is none of those things. The 2023 Kia Niro EV. The 2023 Kia Niro EV. The 2023 Kia Niro EV.

☆ Boomerang UBS boss ticks several important boxes
▼ + stars: | 2023-03-29 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

That’s the best explanation for why Chair Colm Kelleher on Wednesday said the Swiss bank was replacing CEO Ralph Hamers with erstwhile boss Sergio Ermotti. Though the move violates several corporate-governance red lines, it improves the group’s chances of successfully absorbing stricken rival Credit Suisse (CSGN.S). Nor was his hesitant delivery in a call with analysts after announcing the Credit Suisse deal. During his previous spell in charge, UBS held talks with Deutsche Bank (DBKGn.DE) and discussed a merger with Credit Suisse. Ermotti, a Swiss national, led the Swiss bank for nine years, departing in late 2020, and is currently chair of Swiss Re.

☆ Here are 15 of the wildest cruise ship activities for thrill seekers, including a 400-foot zipline, a 'boomerang' slide, and a robotic arm that flies guests over the ocean
▼ + stars: | 2023-03-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: 1 min

☆ Kroger is texting and emailing former staff to try to make them 'boomerang' back after leaving, report says
▼ + stars: | 2023-02-19 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Kroger is texting and emailing ex-workers to encourage their return amid a wider labor shortage. Associated Wholesale Grocers is messaging former workers on Facebook and LinkedIn to get them back. Manufacturer General Mills has a pilot program to bring retirees back to fill staffing gaps. Associated Wholesale Grocers is messaging ex-workers on Facebook and LinkedIn and the average number of rehires has increased four-fold. Kroger, General Mills and Associated Wholesale Grocers didn't immediately respond to requests for comment from Insider made outside normal working hours.

☆ Why Pizza Hut’s red roofs and McDonald’s play places have disappeared
▼ + stars: | 2023-02-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

As fast-food chains spread across the US after World War II, new roadside restaurant brands needed to stand out. So restaurant chains turned to architecture as a key tool to promote their brand and help create their corporate identity. Luke Sharrett/Bloomberg/Getty ImagesBut the fast-food architecture of today has lost its quirky charm and distinctive features. Googie style fell out of fashion in the 1970s as fast-food style favored dark colors, brick and mansard roofs. But in the effort to modernize, some say fast-food design has became homogenized and lost its creative purpose.

☆ 80% of workers who quit in the ‘great resignation’ have regrets, according to a new survey
▼ + stars: | 2023-02-02 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The "Great Regret" is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey. Now, 8 out of 10 professionals who left their jobs regret their decision, a new Paychex study finds. Paychex surveyed 825 employees who quit during the "great resignation" and 354 employers to analyze the impact of the quitting spree and gauge employees' job satisfaction. They found that mental health, work-life balance, workplace relationships and the chance to get rehired all suffered as a result. "Despite satisfaction with mental health and work-life balance influencing many resignations, only about half of respondents from our survey said they are satisfied with their mental health (54%) and work-life balance (43%) in their new workplace.

At Salt Lake City International Airport (SLC), a set of tire chains and a taxidermy rat landed in lost-and-found. The aptly named Lost and Found Software serves many U.S. and international airports as well as public transportation systems. Despite their differences, each provider promises to help customer service workers not only connect more lost items with their owners but to speed up returns as well. Hartsfield-Jackson Atlanta International Airport (ATL), Southwest Airlines, JetBlue, Delta Air Lines and others use NetTracer, which has been operating since 2004. Boomerang recently landed two airport customers: Savannah/Hilton Head (SAV) and New York’s Syracuse Hancock International Airport (SYR).

☆ How to use ‘quiet hiring’ to your advantage for a raise or promotion in 2023
▼ + stars: | 2023-01-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Now, a new catchphrase has entered the chat: "Quiet hiring." Quiet hiring isn't an entirely new concept, but more companies are learning into this trend to fill jobs given the ongoing talent shortage and fears of a potential recession, McRae explains. What's more, 63% of workers view quiet hiring as an opportunity to learn new professional skills. Even though it might seem like companies stand to gain the most from quiet hiring, employees can leverage this trend for their own benefit — you might even secure a raise or promotion for yourself. Understand where the opportunities areSome companies might make an announcement about needing employees to pivot roles, but oftentimes, quiet hiring happens at a lower level.

☆ Now is the best time to plan out your PTO for the rest of the year
▼ + stars: | 2023-01-13 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

U.S. workplaces are among the worst for offering the least amount of paid vacation days, and even employees who do have access to PTO are pretty terrible at taking all the time they're given. Plan ahead for big eventsFirst, you'll want to take stock of how many days you actually have. Do you have different buckets to pull from, like vacation days versus personal days, or do you have one PTO bank to account for? Once you have that baseline, think about the big events throughout the year you know you'll want time off for. Then do the same for any big family events, school breaks, graduations, celebrations and other gatherings on your radar.

☆ 6 reasons why moving to Florida can be a major disappointment, from surprisingly high tax bills to severe storms that 'should be an eye opener'
▼ + stars: | 2023-01-09 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

"The appreciation rates that we've seen in South Florida have been much higher than the national average," Bordenaro said. Newcomers moving to Florida have also been shocked at property tax bills that are higher than they expected, Insider's Kelsey Neubauer reported. Because of rising sea levels, many homes in South Florida are at a higher risk for disaster, which makes it more expensive to insure them. According to Bordenaro, Miami is attempting to alleviate the traffic issue by constructing more lanes and new exits, but the going road work only leads to more traffic. "Depending on where you come from, it can be tough to make friends with the locals," Bordenaro said.

☆ Almost half of top foreign-policy experts think Russia will become a failed state or break up by 2033, according to a new survey
▼ + stars: | 2023-01-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

A new survey of foreign-policy experts found that 46% think Russia will fail or break up by 2033. The Ukraine war highlights the possibility of "internal problems" in Russia, said one author. A majority of the experts surveyed also believe that China will invade Taiwan within 10 years. The survey found that 46% of the 167 experts surveyed, who come from academic, non-profit, governmental, and consultancy backgrounds, anticipate Russia's collapse within the next decade. The experts surveyed by the Atlantic Council also anticipate major developments elsewhere in the world.

☆ The US economy added 223,000 jobs in December
▼ + stars: | 2023-01-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +1 min

Minneapolis CNN —The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. Economists were expecting 200,000 job gains for the last month of the year, according to Refinitiv. December’s job total is lower than the downwardly revised 256,000 jobs added in November. Including last month’s gains, which are subject to revision, the economy added close to 4.5 million jobs in 2022. That’s the second-highest-ever total, after the 6.7 million jobs added in 2021 — a boomerang from 2020’s 9.3 million job losses.

☆ Stitch Fix founder Katrina Lake returns as CEO. Here are 5 others who went back to run their former companies.
▼ + stars: | 2023-01-06 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

Katrina Lake, the founder of Stitch Fix, is returning as the company's interim CEO. Here are six boomerang CEOs who've returned to the companies they once ran. "I will be stepping in as interim CEO and leading the search process for our next CEO," said Lake, who is immediately replacing Elizabeth Spaulding. "Despite the challenging moment we are in right now, the board and I still deeply believe in the Stitch Fix business, mission, and vision." Lake joins a handful of boomerang CEOs who've returned to the companies they once ran.

☆ CIOs in 2023 Want to Know: Who’s Got Talent?
▼ + stars: | 2022-12-27 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +5 min

As the information technology talent gap continues into 2023, chief information officers are augmenting recruiting efforts with new models like upskilling, job sharing and rotations as well as raising salaries and offering perks to retain workers. Some also believe the shifting economy could make it easier to fill vacancies, although the short term talent market remains challenging. “It’s been a source of should we, not deprioritize, but re-sequence the work that we’re doing,” Kroger CIO Yael Cosset said of the talent shortage. Duke Energy is developing certification curricula and joining with software companies on education programs to help internal talent learn new skills, said CIO Bonnie Titone. SHARE YOUR THOUGHTS What do you think CIOs can do to find and retain talent in 2023?

Employers may go through 'culture shift'Prioritizing quality of life for employees is one of the biggest career trends of 2022, said management consultant Christine Spadafor. Workers continue to demand flexibilityChandra Sahu's job gives her the flexibility to work remotely. Sahu's job changes may reflect another trend some workplace management experts call a "career correction." "The right skills, and getting those, top getting that talent into the right positions within organizations." Remote work is here to stayRecognizing employees' need for flexibility will be essential to filling roles.

☆ As the cost of living skyrockets, nearly 1 in 3 adults rely on their parents for financial support
▼ + stars: | 2022-12-21 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

In this article GEN Follow your favorite stocks CREATE FREE ACCOUNTwatch nowAs the cost of living skyrockets, many adults are turning to a familiar safety net: mom and dad. Nearly a third of millennials and Gen Zers, over the age of 18, get financial support from their parents, according to a new survey by personal finance site Credit Karma. More than half of parents with adult children said their kids are living with them. In most cases, 25- to 34-year-olds are living in the home of one or both of their parents. The typical 25- to 34-year-old in a multigenerational household contributes 22% of the total household income, Pew found.

☆ Putin says Russia will fight sanctions with shift in trade and energy flows
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +3 min

Dec 15 (Reuters) - President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by sharply increasing gas exports to China, to combat Western sanctions. Putin said Russia would increase gas sales to "the east" and reiterated his plan to build a new "gas hub" in Turkey. He said it would define prices for gas sales to Europe using an "electronic platform". Putin said the projects would allow Russia to boost its gas sales to China to 48 bcm annually by 2025 and to 88 bcm by 2030. With no end in sight to the Ukraine war, Russia has outlined plans to spend nearly a third of next year's budget on defence and domestic security while cutting funding for schools, hospitals and roads.

☆ Premarket stocks: The corporate world has a succession problem
▼ + stars: | 2022-12-07 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

It’s been a nasty year for Fortune 500 companies and top executives are paying for it: CEOs are exiting in droves. CEO exits eased in the third-quarter, but the C-suite door seems to be revolving again as a slew of Fortune 500 CEOs have said their goodbyes this month. Looking back: One way to avoid the succession problem is to recycle an old CEO. On average, the annual stock performance of companies led by boomerang CEOs was 10.1% lower those with a first-stint leader, he found. Shares of movie theater chain AMC (AMC) have also plummeted 55% this year.

☆ Disney warns restructuring could result in impairment charges
▼ + stars: | 2022-11-29 | by ( ) www.reuters.com time to read: +1 min

Nov 29 (Reuters) - Walt Disney Co (DIS.N) on Tuesday said it anticipates organizational and operational changes in the company that could result in impairment charges, according to a regulatory filing. The changes follow Bob Iger's return as Disney's chief executive officer. Disney said Iger's mandate is to put the company on the path for renewed growth. As he sets a strategic direction for the company, Disney said it anticipates changes in the coming months. The restructuring and change in business strategy, once determined, could result in impairment charges, the company said in its filing.

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