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☆ A generation of high-profile women tech leaders have stepped aside. What’s next?
▼ + stars: | 2023-02-24 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +7 min

The tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men. And in the wake of the pandemic, women leaders in corporate America more broadly are more likely than ever to quit, according to the most recent Women in the Workplace report from McKinsey & Company and LeanIn.Org. Now that she’s departing, Big Tech is facing a new reckoning over its failure to promote and support women leaders, and what this could mean for the next generation of women in the industry. “Without women in the C-suite who have come before them, it could make this transition period tougher for next generation women leaders,” Kray said. “I think that what she achieved and what she modeled will be something that will live on beyond the fact that now we don’t have a female Big Tech CEO.”

☆ 'It's a huge concern': Senior-level women are calling it quits after decades climbing the career ladder
▼ + stars: | 2023-02-21 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

Some of the world's most powerful women are calling it quits. To give some context, for every woman stepping into a director-level leadership role, two are choosing to leave, says Alexis Krivkovich, McKinsey senior partner and an author of the joint Lean In and McKinsey "Women in the Workplace" report. The pattern has the potential to unwind decades of progress toward gender equity and increased female leadership in the workplace, she tells CNBC Make It. "They're meeting their goals and being successful, and some are choosing to leave before they get burned out," Workman adds. The problem remains that there are too few women in high levels of leadership, Krivkovich says: "Lots of men leave their positions, but we analyze and scrutinize when women leaders do in a different way.

☆ As accomplished, high-profile female leaders step back from their careers, I wonder whether any woman can have it all
▼ + stars: | 2023-02-19 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +6 min

I don't fault them; they're women who achieved much and then, it appears, made the best decision for themselves. Women face bias when they're leaders. McKinsey & Company recently said it found that "compared with men, senior women leaders report higher rates of burnout, chronic stress, and exhaustion." A report last year from LeanIn.org and McKinsey said women leaders were leaving their companies at the highest rate ever; the organizations started tracking the data in 2015. "You're not promoting enough women into the leadership ranks, and now you have more women leaving leadership roles," Thomas told CNBC Make It in October.

☆ Kristen Bell: In business, 'I don't have an MBA,' so I make up for it with 'emotional intelligence'
▼ + stars: | 2023-02-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

For most of her career, Kristen Bell had more experience in front of cameras than in boardrooms. At those companies, Bell initially felt "out to sea" when her colleagues discussed "ROI and endcaps," Bell recently told Real Simple. So instead of trying to keep pace with business jargon, she leaned into her own strengths to facilitate better communication among employees. "I don't have an MBA," Bell, 42, said. So when Bell experiences imposter syndrome at either of her two businesses, she leans into her emotional intelligence and communication skills to overcome those doubts.

☆ YouTubers and creator-economy insiders react to the sudden CEO shake-up, and describe the challenges that will define the future of the platform
▼ + stars: | 2023-02-18 | by ( Amanda Perelli | Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +6 min

YouTube CEO Susan Wojcicki is stepping down, and being replaced by chief product officer Neal Mohan. YouTube chief Susan Wojcicki's sudden announcement on Thursday that she is stepping down has sent shockwaves through the creator community. Wojcicki has been YouTube's CEO since 2014, and joined parent company Google in 1999 as its first marketing manager. Chief product officer Neal Mohan will be taking over her role, having previously been in charge of key products like the short-video platform YouTube Shorts and launched subscription services YouTube Premium and YouTube TV. "Susan understood from the beginning the importance of content creators on YouTube," said Alessandro Bogliari, CEO and cofounder of The Influencer Marketing Factory.

☆ Meta's chief business officer is leaving after 13 years amid the company ramping up its focus on 'efficiency'
▼ + stars: | 2023-02-13 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Meta's chief business officer Marne Levine is leaving the company, according to a post on Meta's site. Levine has also been known as a longtime confidant of Sheryl Sandberg, who stepped down from her role as Meta's chief operating officer in 2022. Levine's role will be split between her successor, Nicola Mendelsohn and Justin Osofsky, according to Meta's post. Both Mendelsohn and Osofsky have also held executive roles at the company for years and will report to Meta's Chief Operating Officer Javier Olivan in their new titles, the post noted. In a call after the earnings were released, Zuckerberg noted that the company was "removing some layers of middle management."

☆ Nick Clegg led Meta's decision to reinstate Trump to Facebook and Instagram. Here's how the former UK deputy prime minister charmed his way into Mark Zuckerberg's inner circle.
▼ + stars: | 2023-01-26 | by ( Philip Webster | ) www.businessinsider.com time to read: +18 min

Nick Clegg has risen quickly to become one of Mark Zuckerberg's closest confidants at Meta. Clegg, a former UK deputy prime minister, led the decision to reinstate Donald Trump to Facebook. It was updated on February 16, 2022 following the news that Nick Clegg had been promoted to the role of President for Global Affairs. In a challenging economic climate, the Lib Dems and their Conservative coalition partners voted to raise tuition fees. Nick Clegg (left) and Chris Huhne appearing on the BBC's "The Andrew Marr Show" in October 2007.

☆ The tech startup playbook to follow when money is tight
▼ + stars: | 2023-01-04 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Raising capital via venture debt will be key for many startups in 2023 PM Images/Getty Images1. This is the startup playbook to follow when money is tight. Instead of getting money from investors, they're taking out multiyear loans. But investors got scared in 2022 when the tech industry started to wobble. Odds and ends:The Volkswagen ID.7 electric sedan.

☆ Facebook lost several notable leaders in 2022, from Sheryl Sandberg to John Carmack, with more changes likely to come
▼ + stars: | 2023-01-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

As Facebook began 2022 with a quiet reorganization, several executives and well-known leaders left the company. Along with executives leaving the company, Meta also laid off 11,000 employees, with even more cuts possible in the coming weeks. Sheryl SandbergSheryl Sandberg Facebook COO. Maria Angelidou-SmithAngelidou-Smith joined Meta in 2014 and spent five years as head of monetization for the Facebook app. When the company began to quietly reorganize and plan for layoffs in late summer, the Facebook app was not immune.

☆ Here’s who Elon Musk could pick to be Twitter’s next CEO
▼ + stars: | 2022-12-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

New York CNN —Elon Musk may soon be on the lookout for a new chief executive to run Twitter. There is no successor.”If Musk were to look for a new Twitter CEO, he’d likely have many willing takers. Jack Dorsey, Twitter founder, CEO of Block and friend to Musk, has previously said he would not return to run the social network. The most obvious potential candidates for a new Twitter CEO are the Musk lieutenants who have been helping to run the company since his takeover. Who is insane enough to run twitter?!?

☆ December 8 is this year's Latina Equal Pay Day, or the day Latina workers finally earn what white men made in just 2021
▼ + stars: | 2022-12-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

That means it takes Latinas almost all of 2022 to make what non-Hispanic white men made in just 2021. Latinas earn 54% of what white men earn per Census Bureau data. NWLC's analysis of Census Bureau data show full-time, year-round working Latinas earned 57% of non-Hispanic white men's median earnings. That means an overall lifetime earnings loss for Latinas working full-time, year-round of almost $1.2 million, which can have serious consequences. "Latinas ask for promotions and raises at similar rates to white men, they're just not getting them," Sandberg said in a statement.

☆ The 5 best leadership books I read this year — and what they taught me about running a company
▼ + stars: | 2022-12-06 | by ( David Siegel | ) www.businessinsider.com time to read: +5 min

For a roadmap for effective, kind leadership and smart decision-making, he shares 5 book recommendations. Publishing a leadership book gave me a newfound perspective on the genre. Here are the top five leadership books I read in 2022 and why I found each one particularly enriching. After reading The Promise of a Pencil, I learned how seemingly small acts can make a world of difference in communities. For anyone considering executive coaching or looking to find a coach, this book is a must-read.

☆ U.S. kicks off first California coast offshore wind auction
▼ + stars: | 2022-12-06 | by ( Nichola Groom | ) www.reuters.com time to read: +2 min

Dec 6 (Reuters) - The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean. "It puts California on a path to be a global hub for offshore wind technology," JC Sandberg, interim chief executive of the American Clean Power Association, said on a call with reporters. Previous federal offshore wind auctions have all been for leases in shallower waters of the Atlantic Ocean. The California sale is viewed as a test of industry appetite for investing in floating offshore wind technology, which to date has been limited to small pilot projects in places including Norway and Portugal. Companies approved to bid at the auction include established offshore wind players like Avangrid Inc (AGR.N), Orsted (ORSTED.CO) and Equinor (EQNR.OL), which are all developing projects on the U.S. East Coast.

☆ ‘Agatha Christie’s Hjerson’ Review: A Character’s Character Comes to Life
▼ + stars: | 2022-11-30 | by ( John Anderson | ) www.wsj.com time to read: +1 min

‘Agatha Christie’s Hjerson” is one more indication that the venerated Christie was the gift to crime fiction that will never stop giving. The novelist never wrote a Hjerson book, but Ariadne Oliver did and Oliver—novelist, confidante of Hercule Poirot , apple-munching avatar of the author—was a Christie creation herself. It’s an audacious thing to conjure up a mystery series about a character created by a character created by a writer who has been gone for 46 years. But in terms of plots, twists and mortality rates, Christie and “Hjerson” couldn’t be closer, never mind their three or four degrees of separation. When Klara bravely takes a stand and says, “We’re better than this,” she’s told no, we’re not and she’s welcome to clean out her desk.

Republicans are favored to win a majority in the House of Representatives in Tuesday's elections, with the Senate rated a toss-up by nonpartisan election forecasters. A crackdown on users impersonating Musk prompted Twitter to suspend comedian Kathy Griffin. Musk also moved his personal residence from California to Texas, where there is no state income tax. In April, Musk said on Twitter he believes that for the platform "to deserve public trust, it must be politically neutral." Federal authorities are investigating Musk over his conduct in acquiring Twitter, the company said in a court filing last month.

The world's richest person, Musk has faced criticism from some groups who believe his absolutist stance on free speech will increase misinformation on Twitter. His tweet to more than 110 million followers on Monday represented the first time the head of a major social media platform explicitly endorsed a U.S. political party. Musk, who frequently comments on U.S. politics, previously said he would vote for Republicans but that he backs moderates of both major political parties. NEW LINE FOR SOCIAL MEDIA EXECSMusk is not alone among social media executives in taking open political stances. Federal authorities are investigating Musk over his conduct in acquiring Twitter, the company said in a court filing last month.

☆ Elon Musk fired CEO Parag Agrawal after taking over Twitter. He joins a growing list of executive departures in 2022, including Meta's Sheryl Sandberg and a slew of retail CEOs.
▼ + stars: | 2022-11-02 | by ( Samantha Delouya | ) www.businessinsider.com time to read: 1 min

In February, John Foley, Peloton's co-founder, announced that he would step down as CEO. He was at the helm during the company's pandemic-fueled rise and its subsequent sharp drop in demand. Barry McCarthy, who was once CFO of both Spotify and Netflix, took over the top spot. Peloton co-founder John Foley Mark Lennihan/AP

☆ Middle-aged women are seen as less 'nice' than men and it's probably costing them high-paying jobs, a new paper found
▼ + stars: | 2022-11-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +6 min

Middle-aged women are seen as less "nice" than men at work, a new research paper found. Although middle-aged women are considered more competent, they rank lower on traits like "warmth." Middle-aged women are seen as less "nice" at work than middle-aged men, a new research paper has found. Middle-aged women were seen as less warm. These perceptions hold middle-aged women back at workAnother study in the paper showed that middle-aged women being seen as less "nice" or "warm" resulted in more negative performance evaluations.

☆ Mark Zuckerberg in 2012: 'We don’t build services to make money; we make money to build better services.'
▼ + stars: | 2022-10-26 | by ( Matt Rosoff | ) www.cnbc.com time to read: +6 min

Revenue generally tracked to operating income growth. For instance, in that troubling mid-2018 earnings report, annualized quarterly revenue growth of 42% translated into operating income growth of 33%. For the full year of 2021, revenue growth of 37% translated into operating income growth of 43%. That translated to a shocking 46% decline in operating income. Simply put: we don't build services to make money; we make money to build better services.

☆ For widows on Facebook, updating relationship status is complicated
▼ + stars: | 2022-10-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +7 min

But on Facebook (FB), these changes come with additional complications due to the limited number of relationship status options available and the impact that changes to this status can have on whether a marriage is represented on the deceased’s Facebook (FB) memorial pages. “The relationship status is such a source of deep pain when a widow chooses to proceed with a new relationship,” she wrote in the letter. A separate Change.org petition started in September 2021 received nearly 20,000 signatures asking Facebook to retain the “widowed from” status permanently and allow users to create a new relationship status if they want. Facebook also allows users to change their relationship status to “widowed” and specify a partner’s name if a partner’s account has been memorialized. Sandberg lists Bernthal as her spouse on Facebook; Goldberg’s account is a memorial page, where it lists six former places of employment.

☆ Inside Facebook, WhatsApp is now an 'urgent' growth valve with 'superapp' ambitions taking shape
▼ + stars: | 2022-10-20 | by ( Kali Hays | ) www.businessinsider.com time to read: +12 min

This has become something "we have to do," said Matt Idema, vice president of business messaging. Messaging throughout Facebook, led by WhatsApp, generated a relatively paltry $218 million in the most recent quarter. "It's a really big challenge," Matt Idema, promoted last year to vice president of business messaging for Meta, told Insider. Now it's time to bring together WhatsApp, Facebook Messenger, and Instagram Messaging and "treat it like one messaging strategy," Idema said. It held in May its first-ever conference dedicated to its messaging business.

☆ Mark Zuckerberg is making a classic big Silicon Valley mistake — one we last saw made by Marissa Mayer at Yahoo
▼ + stars: | 2022-10-11 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Mark Zuckerberg is making the same mistakes that plagued former Yahoo CEO Marissa Mayer. Zuckerberg, too, is making a big bet on the metaverse, one better suited for the venture capital world. As Meta shifts to become "a metaverse company" amid stalling user growth and slowing ad sales, stories are emerging about the growing pains that have arrived alongside the changes. Zuckerberg's metaverse play isn't unusual in the tech world, it's just not one we've often seen pay off outside the world of venture capital. Marissa Mayer also had an ambitious vision — and it didn't pay offFormer Yahoo CEO Marissa Mayer.

☆ Elon Musk fired Parag Agrawal as CEO after taking over Twitter. Agrawal joins a growing list of executive departures in 2022, including Meta's Sheryl Sandberg and a slew of retail CEOs.
▼ + stars: | 2022-10-01 | by ( Samantha Delouya | ) www.businessinsider.com time to read: 1 min

☆ Disney reaches deal with activist investor Third Point, will add former Meta executive to its board
▼ + stars: | 2022-09-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. On Friday, Disney said in a public filing that, with Third Point's support, it would add Everson to its board ahead of its board meeting in November. The deal comes weeks after Third Point took a new stake in Disney representing about 0.4% of the company and urged the media company to spin out its sports property, ESPN. Disney has reached a deal with activist investor Dan Loeb's Third Point, which includes adding former Meta executive Carolyn Everson to its board of directors, the companies said on Friday. With Everson, who will officially take her seat on November 21, Disney will have 12 board members.

☆ Goldman Sachs insiders say they are concerned about CEO David Solomon's push to build his personal brand, pointing to staff help for his DJing and use of the firm's planes
▼ + stars: | 2022-09-21 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +15 min

As David Solomon, Goldman Sachs' CEO, was wrapping up a work trip in late July, he boarded the company's Gulfstream G650 for Chicago. His personal account cites his role as Goldman Sachs' CEO, while his official Goldman Sachs account links to his personal account. As CEO, Solomon has overseen the firm's first investor day, launched a strategic update, and reaped record revenue of $59.3 billion in 2021. The Goldman representative disputed that characterization, saying the number of executive TV appearances has more than doubled over the past year. A Goldman representative said that Payback is run by music-industry consultants and that no Goldman Sachs resources are used for the platform.

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