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Discovery is shaking up its ad sales organization. It's also expected to make further staff reductions in ad sales as part of the restructure. Discovery is shaking up its ad sales organization and structure. EVP Jim Keller, who was key to bringing a digital approach to the merged company's newly combined sales team, left, along with Scott Kohn, EVP of national ad sales, and John Dailey, SVP of ad sales. Based on the learnings and successes we've experienced in the past year, this morning we are announcing a new sales structure and strategy.
Persons: It's, Marybeth Strobel, Greg Regis, Regis, Strobel, Ryan Gould, Jon Diament, Sheereen Russell, WBD, Jon Steinlauf, Jim Keller, Scott Kohn, John Dailey, David Zaslav, we've, AE's, Lucia Moses, lmoses Organizations: Warner Bros, WBD, Max, CNN, NBA, NCAA, MLB, NHL
An employee adjusts bottles of Bud Light beer at an Anheuser-Busch InBev facility in Virginia, Aug. 8, 2018. Beverage giant Anheuser-Busch InBev announced it will lay off hundreds of corporate employees as sales of its flagship lager Bud Light falter. Bud Light sales have sagged following a conservative boycott over its March Madness partnership with transgender social media influencer Dylan Mulvaney. Bud Light had 7% market share during that same period, the data found. The firm also found Bud Light sales dropped 28% for the week ending June 24 when compared with the same period last year.
Persons: Bud Light, Busch, Brendan Whitworth, Bud, influencer Dylan Mulvaney, Mulvaney, Bump Williams, Ron DeSantis, DeSantis, Bud Light's, , Kevin Breuninger Organizations: Anheuser, Busch InBev, Beverage, CNBC, Busch, Constellation Brands, Modelo, Bud Light, Florida Gov, State Board of Administration, Mulvaney Locations: Virginia, U.S, Florida
Insiders are speculating more layoffs and organizational changes are on the way. The media giant is wrapping its ad sales upfront period, where sales have been soft across the industry. Discovery has parted ways with another top ad sales exec, and insiders are speculating that more layoffs and changes are on the way. He's also a vet of Hulu ad sales and active in digital advertising, serving on the board of trade group the Interactive Advertising Bureau. Keller's exit is the second big WBD ad sales departure this year; John Dailey stepped down from his position as SVP of ad sales in March.
Persons: Discovery's, salespeople, Jim Keller, Jon Steinlauf —, Keller, He's, WBD, Keller didn't, Chris Licht, Steinlauf, David Zaslav, John Dailey Organizations: Warner Bros, Insiders, HBO Max, Hulu, Interactive, CNN, Discovery Locations: Discovery
Nigel Zeid is a former Nissan EV specialist who now educates dealers about electric car sales. This as-told-to essay is based on a transcribed conversation with Nigel Zeid, a 65-year-old former Nissan EV specialist and now an independent EV educator based in Boulder, Colorado. He says car salespeople are not prepared to sell electric vehicles, and that serves as a point of frustration and barrier to adoption for car shoppers. Zeid spends his time speaking with industry stakeholders at major events and talking to dealership salespeople about EVs. If you go into an uneducated dealership, know there's more than one dealership to go to.
Persons: Nigel Zeid, Zeid, Alexa St, I've, Nigel Zeid It's, We've, that's, It's, we'll, weren't Organizations: Nissan, Morning, expos, Costco, Chevrolet Locations: John, Boulder , Colorado, EVs, California, Colorado, Texas, they're
They said 54% of Aritzia employees and 60% of retail employees identified as BIPOC but declined to provide a breakdown of those statistics. Insider spoke with 53 current and former Aritzia employees, several of whom said that while the world of fashion is notoriously cutthroat, working at Aritzia was particularly grueling. Aritzia's spokesperson said the company's success was a "direct result of its high-performance culture." (In a statement of defense filed with the court on July 5, the store manager and Aritzia denied all allegations. A former Ontario store manager said that shortly after she was hired, the manager of store operations asked if she had a boyfriend.
Persons: Brian Hill, Hill, Kendall Jenner, Meghan Markle, Jennifer Lopez, Aritzia, Lindsey Adelman, Melina, Isabel Slone, Max Mumby, Aritzia's, Carly Bishop, Brian, Jennifer Wong, who's, Wong, Robson, We're, George Pimentel, Heather McLean, Hill's, Tim Hortons, Kendalls, , Todd Korol, Jessica Porter, weren't, Candace Jerry, Anyango Juma Miguna, Miguna, Hannah, Kaycelyn Pascual, Pascual, couldn't, Nadia Mahammed, Mahammed, she'd, George Floyd, they'd, Todd Ingledew Organizations: Aritzia, Euromonitor International, Aritzia's, Queen's University, Fashion, Globe, Toronto Star, Getty, SPH, Employees, British Columbia Human, Product, Estate Development, Business Locations: Toronto, Vancouver, Ontario, Aritzia, ascot, Canada, Aritzia's Vancouver, Canadian, New York City, Aritzia's Paramus , New Jersey, Newmarket , Ontario, British, New York
Netflix said in its 2Q earnings that subscribers to its ads plan have doubled over the previous quarter. Peter Naylor, VP of global advertising salesPeter Naylor, VP, global advertising sales. Netflix has also brought on several directors and other roles in ad sales who've worked at Hulu, Snap, and elsewhere. Chad Rumminger, who focuses on automotive accounts, from automotive ad sales at Twitter. Julie Taylor Green is head of US vertical ad sales; she was TikTok's director of global business solutions before that.
Persons: execs, they're, Jeremi Gorman, Peter Naylor —, Netflix salespeople, Nielsen, DoubleVerify, Kelly Metz, They've, Gorman, Peter Naylor, who've, Naylor, Julie DeTraglia, Kinsey Tamberrino, He's, Hulu playbook, Adam Gerber, Gerber, he's, it's, She's, Asaf Davidov, DeTraglia, Jon Whitticom, Whitticom, that's, Kinsey Osberg Tamberrino, Michaela Giovengo, Valerie Bischak, Doug Brodman, Victoria Morris, Amy Newton, Joanna Read, Eric Berman, Chad Rumminger, Morgan Tully, Nicole Sabatini, Julie Taylor Green, Chris Smutny Organizations: Netflix, Hulu, ABC, Microsoft, Omnicom Media, Yahoo, Gorman's, ABC Television Group, Disney, Comcast, Viacom Media Network, Amobee, Twitter, Google, Amazon, Tech, Gaming, Entertainment Locations: Hulu, TikTok
This spreadsheet, viewed by Insider, shows base salaries, equity, and bonuses employees reported. The table shows the minimum and maximum base salaries, equity, and bonuses for each role. In addition, Insider created bar graphs that show the highest base salaries each role can make, as well as the roles at Google that have the highest base salaries, equity, and bonuses. These graphs are based on the maximum base salary, equity, and bonus values that were submitted for each role. Not all employees submitted equity and bonus data, but we've included it where they have.
Persons: Googlers, Tamani Jayasinghe Organizations: Google Locations: Alphabet's
But while 44% of India's smartphones sales are now online, the brick-and-mortar segment remains the bigger play and Xiaomi expects it to grow further. "Our market position in offline is substantially lower than what it is online," Xiaomi's India head, Muralikrishnan B., said in an interview on Friday. The South Korean giant has a 20% market share in India, while Xiaomi, which historically focussed on budget phones, has 16%. Xiaomi plans to hire more store promoters - salespeople who lure, pitch and sell phones to prospective buyers inside outlets. Another significant India challenge for Xiaomi is a federal agency's $673 million freeze on its bank assets since last year.
Persons: Xiaomi, Flipkart, Muralikrishnan, Tarun Pathak, We'll, Aditya Kalra, Munsif Vengattil, William Mallard Organizations: DELHI, HK, South, Samsung, Research, Thomson Locations: India, Hong Kong
While time spent in a specific role may correlate with commitment, experience, or knowledge, it doesn't necessarily correlate with value to a company. To get a raise or promotion, you're going to need more than tenure — you're going to need to create additional value or increase your scope of work. In this case, the company is getting more value by paying more, but paying more doesn't always equate to more value. For many positions, it can be hard to determine if an experienced person is providing more value than a non-experienced person. The question that the company will ask is, does the hire salary cost outweigh the cost of hiring a new employee?
Persons: Brandon Southern, I've, you've Organizations: eBay, GameStop, Morning, Brandon
An AI engineer says most people don't understand what AI can really do and what it can't, yet. Those working in AI understand when startup claims are realistic and when they're mostly hype. Generative AI is just way, way overhyped right now and that means that many of the AI startups getting VC funding today are going to fail. Today's AI can't really do what so many startups say their apps can do because AI can't reliably predict things. So, how can you tell if an AI startup's technology will work or if it and the company will likely fail?
Persons: OpenAI, I've Organizations: salespeople, Amazon, Costco, Walmart Locations: San Francisco, Seattle , New York
Microsoft confirmed Monday that it's eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the downsizing announced in January that resulted in 10,000 layoffs. The software maker also disclosed a small number of cuts this time last year. GeekWire reported on the latest cuts earlier Monday. A Microsoft spokesperson declined to specify the number of cuts in the latest round.
Persons: GeekWire, Satya Nadella, Morgan Stanley's Keith Weiss Organizations: Microsoft, Google Locations: Washington
But leaders face a common conundrum: Should they compare members of their team relative to one another or evaluate everyone independently? It can push out otherwise excellent employees who are averse to the dog-eat-dog culture that can grow out of stack ranking systems. It is possible to take this tendency into account when designing a relative ranking system based on objective criteria. Even in isolation, stack ranking systems don't "necessarily kill collaboration, provided you incorporate collaboration into the criteria," he says. "There's this notion that you can have a healthy level of competition and still foster collaboration," Georgiadis says.
Persons: George Georgiadis, Georgiadis, gravitate, there's Organizations: Kellogg School of Management, Service, Kellogg School, GE, Microsoft Locations: Wall, Silicon
The US jobs market is still on 🔥. Still, recent data from the Bureau of Labor Statistics shows a job market that's running hot. Average hourly earnings increased 0.4% month on month and are up 4.4% on last year. The dream scenario for the economy is to get inflation under control without a sharp spike in unemployment or a recession. So far, the job market has remained robust.
Persons: ake, anker, rina, ord, T witter Organizations: Service, uts Locations: Wall, Silicon, usk
Sometimes shopping used can require even more research and preparation than shopping for a new car. Used car prices have been notoriously volatile since the pandemic and squeezes on inventory have allowed sellers of used cars to jack up prices based on urgent needs. While this option can be great for new car shopping if you're on a budget, used car leases can be dangerous. Even when buying a used car, warranties are an important part of used car shopping. If repair costs are a concern for you, consider purchasing an extended warranty on your used car.
Persons: you've, that's, Kelley Organizations: Morning, Companies, Hertz, Avis, Enterprise, CPO
In late May last year, some 250 salespeople at American Express learned they weren't going to get paid. In addition to earning commissions, the Premium Wire volumes helped them reach higher compensation tiers, known as kickers. For the first time, the Premium Wire product made economic sense. The presentation discussed shifting the sales focus toward Premium Wire and another product to "accelerate revenue growth and meet client's needs." Isserlis said Williams was fired because of misconduct unrelated to Premium Wire.
Persons: Amex, salespeople, Salespeople, Adam Isserlis, Isserlis, Stephen Squeri, John Moore, Amex salespeople, Pablo Ribas, Ribas, Anna Marrs, Marrs, Charles Schwab, Schwab, Mike Peterson, Charlene Luke, they'd, Nick Williams, Williams, Nick, Mr, , Thomas Zoerner, Zoerner, Amex's, she's, weren't, Carter Johnson Organizations: American Express, Commercial Services, Securities and Exchange Commission, Justice Department, Internal Revenue Service, Street, IRS, Getty, Credit, Employees, Business, SME, Global Commercial Services, Marriott, Express, University of Florida's Levin College of Law, Amex, California Labor, Court, whistleblowing Locations: Brooklyn, California, Manhattan, Canadian, , Orange County , California, New York, Webex
The group extends guidance on geopolitical matters to clients as well as colleagues, like the asset management arm's sprawling salesforce. The firm is making a series of changes to ramp up its asset management business. Lazard has had an asset management business for decades, but it's a business that's finding new relevance on Wall Street. Incoming Lazard CEO Peter Orszag, pictured here in May, has made improving the asset management business a priority. "When it comes to the asset management business, the picture is probably more blurry," said Richard Bruyère, managing partner of the Paris-based asset management advisory firm Indefi.
Persons: Lazard, Evan Russo, Yevgeny Prigozhin, Peter Orszag, Barack Obama, Bill Clinton, it's, Russo, Orszag, Ray McGuire, Jennifer Ryan, Goldman Sachs, Brennan Hawken, Richard Bruyère, Bruyère, Ryan, Hartley, Morgan Stanley, Janus Henderson, Ashmore, Devin Ryan, AllianceBernstein, Larry Cohen, " Russo, Peter Organizations: Lazard, BlackRock, Citi, New York, North, Incoming Lazard, REUTERS, UBS, Investors, Firms, Virtus, Liontrust, Bank's JMP Securities Locations: Russia, New York, Washington, North America, Paris, Taft, Asia
Stech told the wholesaler that the woman deserved some of that profit. "He looked me square in the eyes and said, 'That's all she said she needed,'" Stech told Dr. Phil. But Sundae, Stech said, marketed homes directly to investors, who would bid up the price in an effort to win the property. Two of the former Sundae employees told Insider that they often had to make determinations about the mental fitness of their elderly customers. When Insider asked Canavari about the layoffs in June, she told Insider that she was leaving the company herself.
Persons: Sundae, it's, Josh Stech, Phil, Phil —, , Phil's, Stech, who'd, Andrew Swain Sundae, Peter Thiel's, Will Smith, Isaiah Thomas, HomeVestors, Susan Canavari, Canavari, Phil McGraw, Chris Terry, Terry, Opendoor, I'd, Dawn Tarner, Beth Sallomi Organizations: Fund, Investors, Getty, Facebook Locations: Sundae, Vegas, mailers, Atlanta, Florida
Luxury brands are increasingly having trouble finding and retaining talent for high-touch sales roles. Entry-level associates earn about $35,000 base pay per year, plus about $10,000 commission. On average, luxury retail sales associates earn about $35,000 base pay per year, plus about $10,000 commission, per Glassdoor data. A job at Gucci required three years of luxury fashion experience and the ability to "maintain an active, accurate, neat and organized client book," per BoF. Do you work in luxury retail?
Persons: , salespeople, Sandy Sholl, there's, Teddy Bear, Jessica Cloutier, Nordstrom's, Cloutier, Neiman Marcus, Sukeena Rao, Dominick Organizations: Service, Target, Walmart, MadaLuxe, Business, Gucci, SMCP, Saks Fifth Locations: Costco, Patagonia
Banks typically provide research to clients as part of a broader offering of services, but that changed when the European Union introduced the Markets in Financial Instruments Directive (MiFID) II laws in 2018 to improve transparency. "It took about a year for us to become compliant to MiFID II laws -- it was a long, intense process," said Candace Browning, head of BofA Global Research. U.S. financial firms were initially given an exemption by the U.S. Securities and Exchange Commission, which expires on July 3. "Companies continue to face challenges complying with the MiFID II unbundling requirement and U.S. law," said Joe Corcoran, SIFMA's managing director and associate general counsel for capital markets. 'EXPENSIVE AND COMPLICATED' In Europe, asset managers under MiFID II are not allowed to pay for research through broker commissions on trading -- instead, investors are billed separately by banks for research.
Persons: Banks, Candace Browning, Joe Corcoran, SIFMA's, SIFMA, MiFID, Michael Eastwood, Jefferies, Jesse Forster, BofA, salespeople, Browning, Forster, Russell Sacks, Nupur Anand, Lananh Nguyen, Deepa Babington Organizations: YORK, Bank of America Corp, Jefferies Financial, European Union, Financial, BofA Global, U.S . Securities, Exchange Commission, Securities Industry, Financial Markets Association, SEC, Jefferies, Coalition, King, Spalding, Thomson Locations: Europe, U.S, Greenwich, Coalition Greenwich, New York
Stretching loan payment periods can be a dangerous game, especially since vehicles depreciate in value so consistently. When you lease a car, you're only taking out an auto loan to cover the duration of your lease period, which can cut the size of your loan considerably. Bumper-to-bumper coverageLeasing a car, much like renting an apartment, means that you're not financially responsible for many of the repairs necessary to keep the car running while you're leasing. If you're shopping for a used car, consider checking on leasing deals to see if you can manage a similar monthly payment for a leased new car as you would for a loan on a used car. A few warningsThere are a few things to keep in mind before you decide to lease a car.
Persons: that's, Organizations: Morning, Leasing
11 high-paying jobs that don't require a college degree
  + stars: | 2023-06-24 | by ( ) www.businessinsider.com   time to read: +10 min
Executive assistants and real estate agents have huge potentials for career growth and earning way above average. Real estate agentReal estate agents have a huge potential for profit, depending on the market and their personal expertise in marketing and communication. Real estate agents work for real estate agencies or realtors in most cases, earning their licenses to showcase and sell properties to homebuyers. Real estate agents need to have a mind for bartering and negotiation, and they are responsible for hustling to get great deals. The most successful real estate agents make a truly astounding amount of money, oftentimes well over six figures.
Persons: , you'll, you'd, plumbers, Brickmason Organizations: Police, Service, U.S . Bureau of Labor Statistics, Firefighter Firefighters, Firefighters, realtors Locations: Real
When you think of the phrase "soft skills," you probably think of a few specific traits: emotional intelligence, interpersonal ability, an adeptness at communication. That's fine, says millionaire bestselling author Seth Godin — just stop calling them "soft." AI has already automated some traditional vocational skills, from coding and data analysis to copywriting and even architectural design. That's why many companies pay "less attention to soft skills when hiring," Godin wrote. Eighty-nine percent of employers say poor soft skills are a sign of a "bad hire," according to a LinkedIn survey conducted in 2018.
Persons: Seth Godin —, Godin, , you've, Heidi Brooks, coders, salespeople Organizations: TED, Wall Street, Yale University's School of Management
REUTERS/Dado Ruvic/IllustrationNEW YORK, June 20 (Reuters) - Foreign-exchange investors are moving more of their over-the-counter (OTC) derivatives trades to lookalike products on exchanges to avoid higher costs due to recent global regulations, helping inject transparency into a multitrillion-dollar market that is largely hidden from the public eye. The gradual behavioral change in FX derivatives trading is being caused by increasing margin and collateral costs, said Joe Midmore, chief commercial officer at OpenGamma, a derivatives analytics firm. OTC derivatives are privately negotiated contracts while cleared derivatives, though bilaterally negotiated, are booked with a clearinghouse such as a listed exchange. "They will also incur the operational, legal and custody costs of setting up margin facilities as well as the capital costs of posting margin," Houston said. "There is inherently risk involved in lots of people transacting derivatives with each other," said Riddle.
Persons: Dado Ruvic, Ben Feuer, Joe Midmore, , Michael Riddle, Paul Houston, Houston, ForexClear, James Pearson, Tom Arnold, Joe Spiro, Peter Vassallo, Riddle, Laura Matthews, Shankar Ramakrishnan, Megan Davies, Matthew Lewis Organizations: REUTERS, Societe Generale, Banking Supervision, International Organization of Securities Commissions, CME, CME Group, FX, Reuters Graphics British, Financial, ForexClear, BNP, Management, Thomson Locations: Saudi, New York, Hazeltree
Kelly Stumpe, also known as the Car Mom, has test-driven and toured 65 family cars. The problem with buying a family car is, it's not just a matter of: "I don't like the drive." It is not as simple as if it has a seatbelt, it can fit a car seat. In the Sequoia, I can only put it in the middle seat, so I could not have another child in this car who would still be in a car seat. It actually allows you to access the third row when a car seat is still installed.
Persons: Kelly Stumpe, Alexa St, Stumpe reevaluated, St . Louis, there's, I've, shouldn't, Joe Raedle, it's, Stumpe, It's, they're, I'm, Sienna Organizations: Morning, Toyota, Hyundai, Nissan, Ford Expedition, Toyota Sequoia, Leasing, Ford The Ford Expedition, General Motors, Honda, VW Locations: John, St, Louis , Missouri, St ., Florida, Hyundai Santa Fe, Autotrader, Edmunds, Yukon
Barbara Corcoran praised Donald Trump's selling skills and championed real-estate investing. The "Shark Tank" star advised young people to try employment before starting a company. (Corcoran said that besides her Shark Tank investments, she puts all of her money into real estate, and that's why she's become rich.) "Investing in real estate is a wonderful magic trick. "On 'Shark Tank,' I never invest in kids that have money.
Persons: Barbara Corcoran, Donald Trump's, , Corcoran, Kevin, he's, Donald Trump, she's, It's, I've, They've Organizations: Service, The Corcoran, YouTube
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