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Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."
Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S
Through college and Harvard Business School, McLeod had the desire to be an entrepreneur, but "nothing really clicked" for him. The lack of direction led him to accept a consulting job at McKinsey during his second year of business school. "That was kind of the standard job that you got coming out of business school." But his plans quickly changed soon after when he had the idea for a dating website called Hinge. "They finally got word that I had started Hinge and called me up and asked for their money back," he said.
Persons: Justin McLeod, McLeod Organizations: Harvard Business School, McKinsey, CNBC, Match Locations: America
At some point during your teenage years, you probably developed an idea of what "success" as an adult would look like. Sticking to that definition as an adult is a surefire way to end up unhappy, according to serial hospitality entrepreneur and New York Times bestselling business author Chip Conley. "And we either tried to emulate that and live up to it, or we in some cases rebelled against it. Rather, you should "acknowledge the negative aspects ... [and] evaluate whether there's another way to think about the situation," she noted. I wonder if I can change anything about this situation or my expectations about it," wrote Maenpaa.
Persons: Chip Conley, Conley, David Blanchflower, you've, Jenny Maenpaa Organizations: New York Times, Harvard Business, Dartmouth, Procter & Gamble, Hospitality, Modern Elder Academy, CNBC
These findings are consistent with Ms. Edmondson’s research on the performance advantages of “psychological safety,” the cultural underpinning of inclusion. More diversity is not always better – from a performance standpoint, diversity without the inclusion can actually make things worse. Among other payoffs, organizations that get inclusion right at scale seem to be smarter, more innovative and more stable. It can be tempting to put in place superficial fixes to achieve the optics of inclusion — a primary concern of D.E.I. It is not to scale back investments in inclusion, which would restrict our ability to build healthy, dynamic organizations.
Persons: Erik Larson’s, Larson, you’ve, Amy Edmondson, Mike Roberto, Edmondson, Henrik Bresman Organizations: Harvard Business School, Everest
The move by Ackman takes a page out of the playbook that made him successful on Wall Street. Normally, candidates for the 30-member Harvard Board of Overseers are nominated by the university’s alumni association. However, Ackman is now backing four write-in candidates, all graduates of Harvard and Radcliffe College, Harvard Business School or Law School. “We truly feel called to do this now,” Leslie, who has spent 20 years in the US military, told CNN in a phone interview. Calls for change at HarvardNew members are elected to the Harvard Board of Overseers each spring.
Persons: Bill Ackman, Ackman, Claudine Gay, Logan Leslie, ” Leslie, Harvard, Leslie, he’s, , He’s, Julia Pollak, CNN she’s, , Pollak, ZipRecruiter . Pollak, ” Ackman, Zoe Bedell, Alec Williams, Penny Pritzker, Jeffrey Sonnenfeld, Sam Lessin, Pritzker, Lessin, ” Lessin Organizations: New, New York CNN, Harvard University, Ackman, Harvard, Ivy League, Radcliffe College, Harvard Business School, Law School, CNN, US Navy, ZipRecruiter, Reuters, of, Navy Seal, Navy Reserves, Harvard Corporation, Gay, Yale Locations: New York, Ackman, Northern, South Africa, Eastern, of Virginia
Chiara Ferragni is an Italian influencer with just under 30 million followers on Instagram. Here's how the digital entrepreneur shot to social media superstardom. The item was packaged with a pink box featuring Ferragni's name and logo, as well as an illustration of the social media star. AdvertisementBut how did Ferragni become such a social media superstar and build her empire — amid this controversy? Amid the recent scandal, Ferragni's massive online presence continues to span social media.
Persons: Chiara Ferragni, Here's, , Ferragni, Balocco, Louis Vuitton, Gucci, Federico Leonardo Lucia, Leone, Fedez, ferragnez, Lapresse, Eugenio Fusco, Alessandra Balocco Organizations: Service, Regina Margherita Hospital, Italian Competition Authority, Authority, Associated Press, Milan's Bocconi University, Financial Times, Teen Vogue, Forbes, Harvard Business School, Prada, AP Locations: Italian, Turin, Italy, Balocco, Milan, Venice, TikTok
Boyarsky Pratt said about 35% of Knownwell's patients come for primary care, while the rest see the company's providers for their metabolic health. They can prescribe GLP-1 drugs, but they're just one tool the company uses to treat obesity, Boyarsky Pratt said. It's also planning to partner with more health systems to help them expand access to weight care. It partners with one large system in Massachusetts now, but Boyarsky Pratt declined to disclose which one. "The data shows that the earlier patients get into a comprehensive treatment, the better for the long-term course of the disease," Boyarsky Pratt said.
Persons: , Brooke Boyarsky Pratt, Andreessen Horowitz, Boyarsky Pratt, Knownwell, Angela Fitch, Berkadia, Fitch, Needham, Boyarsky Platt, they'd, Michael Siluk, It's Organizations: Service, Business, GLP, BMI, Medicare, Obesity Medicine Association . Obesity Medicine, University of Pennsylvania, Harvard Business School, Berkshire Hathaway, Obesity Medicine Association, Weight, Flare Capital Partners, Staff, Getty, American Academy of Pediatrics Locations: Boston, GLP, Massachusetts, Knownwell, Needham , Massachusetts, telehealth
Brad Gerstner rose to prominence in the tech investment scene for his early lucrative bets in Snowflake and Meta Platforms , and he's showing no signs of slowing down. The tech investor launched his investment firm Altimeter Capital in the depths of the 2008 financial crisis with less than $3 million raised from his family and friends. Altimeter has also been an on-and-off investor in Meta Platforms since the early 2010s. As a top 15 institutional investor, Gerstner wrote a critical open letter in October 2022, saying the company needed to slash headcount and stop spending so much money on metaverse. The widely followed tech investor called the rise of AI a "super-cycle" just like the dot-com boom in the late 1990s.
Persons: Brad Gerstner, Gerstner, Snowflake, Meta, Mark Zuckerberg, he's Organizations: Harvard Business School, Microsoft, Nvidia, Federal Reserve Locations: Snowflake
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIn a world filled with news about seemingly endless types of emerging technology, virtual-reality, or VR, tech has become a tool that many businesses are leveraging. Research from Goldman Sachs estimated that 130,000 real-estate agents used VR to show homes in 2020, per Encora. Indeed, virtual tours were key to keeping the real-estate market alive while COVID-19 restrictions were in place. For properties that have a Matterport virtual tour available, people can "enter VR" and move within the virtual space online, Bowerman told BI.
Persons: , it's, Goldman Sachs, Isamar Troncoso, homebuying James Bowerman, Bowerman, you'll, hadn't, Patricio Navarro, Navarro, there's Organizations: Realtors, realtors, Service, Grand View Research, VR, Research, Goldman, Harvard Business School, Real Creative Group, Compass, Property Locations: Matterport, Maryland, Miami, New York City
It looked at culture, hiring, pay and promotions to see how companies invest in their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCoca-Cola was just ranked as the best place to work for career growth in the American Opportunity Index 2023 report . AdvertisementCoca-Cola was ranked top overall, largely because of its hiring, pay, and culture scores. In the past, it has made Glassdoor's ranking of the top 10 companies with the happiest employees and was included in its best places to work list from 2012 through to 2022.
Persons: , Lisa Chang, Chang, Meta, Salesforce Organizations: American Opportunity, Meta, Costco, Service, American, Harvard Business School, Foundation, Glass Institute, Cola, PepsiCo, PNC Financial Services Group, Amazon, Microsoft, AOI Locations: Glassdoor, W.W, Grainger
Think appearances don’t matter if you’re applying for a job online? New research shows that looking the part is very much part of the equation. Your credentials and referrals may get you on the shortlist. Even if the whole process takes place online, though, it’s rare that a hiring manager won’t check out your LinkedIn profile. Making the final cut can come down to nailing a specific professional look, according to a new study published by the Harvard Business School.
Persons: won’t Organizations: Harvard Business School
The best employees aren't always the smartest or most confident people in the room. There's a different quality that helps high performers stand out, says Harvard Business School professor Ranjay Gulati: They're trustworthy. "Trustworthiness is the most desirable trait CEOs tell me they look for in their employees," he explains. "Trust is a huge currency in organization, it's the quality on which all professional relationships are built and how they thrive." You might instinctively understand what trust is, but two types are crucial in the workplace, according to Gulati: character-based trust, and competency-based trust.
Persons: aren't, Ranjay, Gulati Organizations: Harvard Business School
There is growing evidence that artificial intelligence tools such as ChatGPT can make you more efficient and capable at work. And the effect will be particularly noticeable if no one else in the company is using AI in this way. All said that outsourcing time-consuming, small jobs to AI tools freed up their time. AI at work still needs careful handlingThere are obvious caveats to using AI to do your work for you. Some companies also have specific rules for AI tools due to fears around copyright or data security.
Persons: ChatGPT, , OpenAI's, techies, Google's, Matt Calkins, Appian, It's, Shakespeare, Shona Ghosh Organizations: Service, Harvard Business School, Boston Consulting, Developers, Microsoft, Workers
Ulyana Kyrychuk is the CEO of Milla Nova, a bridal company in Lviv, Ukraine. AdvertisementThis as-told-to essay is based on a conversation with Ulyana Kyrychuk, the CEO of Milla Nova, a bridal brand in Lviv, Ukraine. I'm the CEO of Milla Nova, a female-led bridal company in Lviv with 500 employees that makes dresses for brides around the world. Milla Nova employees sewing dresses in the factory in Lviv, Ukraine. AdvertisementMilla Nova employees sewing dresses at the factory in Lviv, Ukraine.
Persons: Milla Nova, Kyrychuk, , Ulyana Kyrychuk, It's, I've, I'd, weren't, Milla Organizations: Harvard, Service, Harvard Business School, DHL, LinkedIn Locations: Lviv, Ukraine, Ukrainian, Australia, DHL Ukraine
Norwest partner Sean Jacobsohn started collecting objects from failed businesses a year ago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . To make it into the museum, the failure has to be a physical item — no NFTs allowed, Jacobsohn said. Some even offer to donate failed business swag as a way of getting in his rolodex. He's currently scheduled to lead a guest lecture on the subject for the class "Avoiding Startup Failure,' he mentioned.
Persons: Sean Jacobsohn, he's, it's, , Jordan Poole, Jacobsohn, Sean Jacobsohn's, freebie, Jacobsohn's, Mattel, Allan, Ken's, Michael Cera's, Harley Davidson's, Elizabeth Holmes, He's, you've Organizations: Service, Bay Area, Norwest Venture Partners, Golden State Warriors, Business, Mattel, eBay, mater, Harvard Business School Locations: Bay, cologne
OpenAI’s Cast of Characters
  + stars: | 2023-11-22 | by ( Jennifer Korn | Paul Glader | ) edition.cnn.com   time to read: +12 min
Before OpenAI, Altman was president of Y Combinator, mentoring a host of founders and expanding his network in Silicon Valley. “We are encouraged by the changes to the OpenAI board,” he wrote on X on Wednesday. Mira MuratiNamed by the OpenAI board as Altman’s interim successor on Friday, Murati was replaced by Shear before the weekend was done. In September, she joined the board of directors of Shield AI, a defense technology company building AI pilot technology for aircraft. Will HurdAfter joining the OpenAI board in 2021, Hurd was the third director to exit in 2023.
Persons: OpenAI, Sam Altman, Altman, Elon, Satya Nadella, OpenAI’s ChatGPT, Kiko, Emmett Shear, Y, Nadella, , Mira Murati, Murati, Shear, “ Mira, ” Nadella, Ilya Sutskever, Brockman, Sutskever, , we’ve, Adam D’Angelo D’Angelo, Mark Zuckerberg, D’Angelo, Forbes, ” Bret Taylor, Bret Taylor, Elon Musk, Taylor, Justin Kan, Tasha McCauley McCauley, Joseph Gordon, Levitt, McCauley, Greg Brockman Greg Brockman, Peter Thiel, Musk, Helen Toner Toner, AI’s, Toner, Joshua Kushner Kushner, Kushner, Jared Kushner, Karlie Kloss, Charles Kushner, Donald Trump, Larry Summers Summers, Obama, Clinton, Summers, Shivon Zilis, Zilis, Walter Isaacson, Will Hurd, Hurd, Nikki Haley, Reid Hoffman, Hoffman, OpenAI . Hoffman, He’s Organizations: CNN, Stanford University, Microsoft, OpenAI, Colby College, Dartmouth University, Tesla, Time, Phillips Exeter Academy, California Institute of Technology, Facebook, Twitter, Google, Yale University, Justin.tv, GeoSim Systems, Rand Corporation, Centre, Bard College, University of Southern, Harvard University, MIT, Elon, Georgetown’s Center for Security, Emerging Technology, Open, Oscar Health, Memphis Grizzlies, Harvard College, Harvard Business School, Republican, CIA, Allen & Company, Texas, M University, Reid Hoffman LinkedIn, PayPal, LinkedIn, Greylock Partners, SpaceX, Boring Company Locations: Silicon Valley, St, Louis , Missouri, OpenAI, Seattle , Washington, Israel, University of Southern California, North Dakota, Beijing, Georgetown, Canada, United States, Texas, Oxford
"Work-life balance" is often regarded as an important indicator of a thriving, successful career. Millennials and Gen Z workers, in particular, place a high value on work-life balance and seek out benefits that enable flexibility. But "work-life balance" is a "horrible, misleading" goal to strive for, says Harvard Business School professor Ranjay Gulati. "Find work-life balance" is a common piece of career advice Gulati encourages his students — and the CEOs he interviews on his podcast, "Deep Purpose"— to ignore. Here, Gulati explains why focusing on work-life balance can be counterproductive and offers a better alternative:
Persons: Millennials, Gen, Ranjay Gulati, Gulati, I'm Organizations: Harvard Business School
US chipmaker Nvidia opened its "Voyager" office last year. Jason O'Rear / Gensler San FranciscoNamed "Voyager," the building was designed by the architectural firm Gensler – and yes, it was named after a "Star Trek" starship. Jason O'Rear / Gensler San FranciscoKo said his firm's research showed collaboration was most effective when teams operated in the same spaces. Jason O'Rear / Gensler San FranciscoEngineers at Nvidia had previously been siloed in traditional workstations, while other teams were stationed on different floors and even in different buildings. Jason O'Rear / Gensler San FranciscoThe "four-acre workspace" features parks and '"treehouses" for gatherings, while shading trellis lined with solar panels blends into the building's structure.
Persons: , Jensen Huang, Huang, Jason O'Rear, Gensler –, Hao Ko, Ko, Francisco Ko, San, Santa Clara Organizations: Nvidia, Service, Harvard Business, Santa, San Francisco Engineers Locations: Santa Clara, Francisco, San Francisco
A great business idea will never strike you like a lightning bolt out of the blue. One of their top takeaways: There's no such thing as a "lightbulb moment," where a fully-formed idea for a successful business suddenly pops into your head. "There is this myth that as an entrepreneur, you should have a lightbulb moment: You wake up one day [and] see the light: 'This is an idea worth pursuing.' You go after it, you raise funds, you become successful, blah blah blah. The "lightbulb moment" concept ignores the time and work it often takes to flesh out a successful business idea, they say.
Persons: Catalina Daniels, James Sherman, Daniels, Sherman, who've Organizations: Smart, Harvard Business School, CNBC, Harvard University
Ruzwana Bashir Is Quietly Connecting the Tech World
  + stars: | 2023-11-16 | by ( ) www.businessinsider.com   time to read: +18 min
Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."
Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, , doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap
Nvidia's chips have been hot property in Silicon Valley this year thanks to the AI boom. But a shortage in the chips could ease as soon as next year, Sam Altman said. The OpenAI boss told the Financial Times that rivals to Nvidia would soon enter the market. AdvertisementAdvertisementSam Altman has reportedly predicted that a "brutal crunch" triggered by a shortage in expensive chips needed to power tools like ChatGPT will ease next year. The OpenAI boss told The Financial Times that he expected the chip shortage to ease as companies enter the market with rival offerings to the hottest property in AI: Nvidia's popular $40,000 H100 processors.
Persons: Sam Altman, , OpenAI, Altman, Jensen Huang, Fortune, Huang Organizations: Financial Times, Nvidia, Service, Microsoft, Companies, Google, The Harvard Business Locations: Silicon, Silicon Valley
When Ruthless Cultural Elitism Is Exactly the Job
  + stars: | 2023-11-12 | by ( David Marchese | ) www.nytimes.com   time to read: +13 min
Talk When Ruthless Cultural Elitism Is Exactly the JobI wonder if any of the many literary greats represented by Andrew Wylie ever considered using his story. I don’t think that’s ever happened. I think that’s the wrong way to look at it. Do you think that’s a phony attitude? Is there some defense of cultural elitism that you want to make?
Persons: Andrew Wylie, Wylie, scalawag, Andy Warhol’s, Philip Roth, Saul Bellow, Martin Amis, John Updike, Borges, Calvino, Sally Rooney, Salman Rushdie, Karl Ove Knausgaard, Wylie’s, ’ backlists, , understatedly, It’s, I’ve, Jesus, Andrew, Gerard Malanga, I’m, doesn’t, it’s, I’ll, , You’ve, Robert Frank, Allen Ginsberg, “ Don Quixote ”, that’s, what’s, you’re, Orhan Pamuk, Italo Calvino, Naipaul, Nabokov, accrues, We’re, David Marchese, Alok Vaid, Menon, ordinariness, Joyce Carol Oates, Robert Downey Jr Organizations: Houghton, Paul’s, Harvard, New York Times, Harvard Business School, Getty, Disney, Marvel Locations: Houghton Mifflin, St, New York
The only founders who do it successfully share one trait in common: the resilience to navigate a rocky path filled with unforeseen twists and turns. That's a key lesson that Catalina Daniels and James Sherman took from researching for their new book, "Smart Startups: What Every Entrepreneur Needs to Know — Advice from 18 Harvard Business School Founders." "Having resilience is absolutely essential [for] the emotional makeup of a person in terms of becoming an entrepreneur," Sherman tells CNBC Make It. "If they don't have that type of resilience, they need to learn how to build it up." In fact, every founder the authors spoke to agreed that resilience was the biggest key to their success, even more than prior experience or a winning business idea.
Persons: That's, Catalina Daniels, James Sherman, Daniels, Sherman, Harvard alums, Josh Hix, Nick Taranto, Kevin O'Leary, — Anna Auerbach, Auerbach, , they're, Hix, Warren Buffett Organizations: Smart, Harvard Business School, Harvard, Groupe, CNBC, Werk, American Psychological Association
WeWork founder Adam Neumann has spoken out about the company's bankruptcy. He said he was "disappointed" and that it was hard to watch WeWork's collapse from the sidelines. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementAdam Neumann says it is "challenging" for him to watch WeWork go bankrupt. The tech entrepreneur had faced significant scrutiny over WeWork's business model and his perceived conflicts of interest, which would later become the subject of a Harvard Business School case study.
Persons: Adam Neumann, Neumann, , WeWork, WeWork's, Andreessen Horowitz Organizations: Service, Harvard Business School, Company, New York Times Locations: Wavegarden, WeWork
Ackman, who met with a group of more than 200 Harvard students and faculty last week, said the university’s administration is not doing enough to protect them. “Harvard student disciplinary actions should not be outsourced to the police department,” he wrote. When contacted, Harvard directed CNN to earlier statements from Gay and Harvard’s Executive Vice President Meredith Weenick about community conduct. Ackman and others suggested there should be employment consequences for students who had signed the letter. In his letter, Ackman acknowledged the success of that message and suggested that Harvard administrators warn students of the potential consequences.
Persons: Bill Ackman, , Ackman, Claudine Gay, Harvard Business School Dean Srikant Datar, ” Datar, , Harvard’s Slack, Meredith Weenick, Gay, ” Gay, Leslie Wexner, Abigail, Lawrence Summers, Clinton, ” Summers Organizations: New, New York CNN, Billionaire, Harvard University, Harvard, Israel, Harvard Business School, Harvard University Police Department, FBI, “ Harvard, CNN, Gay, Harvard Hillel, Palestinian, Elite, Wexner Foundation, Pershing Square Capital Management, Civil, Defamation Locations: New York, Israel, Gaza, Palestine, Harvard’s
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