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☆ Forcing workers back to the office is 'dinosaur management' — and companies risk losing out, expert says
▼ + stars: | 2024-02-11 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

After the first rounds of return-to-office mandates in 2023, many companies are now introducing more punitive measures to make their employees come to the office — actively tracking attendance, micromanaging employees' time, and blocking remote workers from bonuses and career progression. AdvertisementThis week, Dell informed staff that most of its workers will have to come into the office an average of three days a week. Mike Blake/ReutersIn November, Amazon also added a no-promotions policy for perennial remote workers. For example, women — who tend to take on more responsibility for the family and therefore benefit more from flexible remote work policies — will take a bigger hit from punitive policies, Cooper said. The Equal Employment Opportunity Commission recorded a 16% increase in mental health disability complaints between 2021 and 2022 from employees who want remote work allowances, The Hill reported.

Persons: —, weren't, Dell, Andy Jassy, Mike Blake, Young, Cary Cooper, Cooper, Justin Garrison Organizations: Service, Forbes, Business, Citibank, BI, Amazon, Reuters, Google, Ernst, University of Manchester, Dell, Amazon Web Services, Tata Consultancy Services, Gallup, Employment, Commission Locations: London, United States

☆ Dell tells 'hybrid' workers to come into the office 3 days a week
▼ + stars: | 2024-02-05 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewDell has told some workers they must start going into the office about three days a week. Under the new rules, employees in "hybrid" roles must go to a company office at least 39 days a quarter — the equivalent of about three days a week, a Dell representative told Business Insider. AdvertisementDuring the pandemic Dell encouraged remote working, saying that 60% of its workforce could continue working from home regularly after it ended and only needed to come into the office once or twice a week. In March 2023, the company issued a new mandate ordering all staff living within an hour of Dell offices to commute into the office at least three days a week, Tech Radar reported. About two-thirds of Dell staff are outside the US.

Persons: —, Dell, Carewell Organizations: Service, Dell, Business, Amazon, Google, Apple, Tech Radar, Bloomberg, Research

☆ India's moment has arrived — but many hurdles remain
▼ + stars: | 2024-02-04 | by ( Spriha Srivastava | Polly Thompson | ) www.businessinsider.com time to read: +8 min

India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.

Persons: —, Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine

In 1993, Polly Klaas was kidnapped and murdered at the age of 12. Following her death, Polly’s tragic story became a plotline in true crime podcasts, TV shows and books. In this audio essay, Polly’s sister Annie Nichol argues that the popularization of true crime not only re-traumatized victims’ families but also helped create demand for “tough on crime” legislation. “Our legal system actually became more reactionary and more fixated on punishment and fundamentally less just,” she says. (A full transcript of this audio essay will be available midday on the Times website.)

Persons: Polly Klaas, Polly’s, Annie Nichol, ” Organizations: Times

☆ Netflix cofounder Reed Hastings just gave stock worth $1.1 billion to a Silicon Valley charity
▼ + stars: | 2024-01-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

He donated the holding, worth about $1.1 billion, to the Silicon Valley Community Foundation. The charity is favored by the elite of Silicon Valley including Mark Zuckerberg. AdvertisementReed Hastings, the cofounder and executive chairman of Netflix, has given away 2 million shares in the streaming platform. A Netflix representative told The Wall Street Journal the shares had been donated to the Silicon Valley Community Foundation. AdvertisementIn 2012 the Meta CEO and his wife, Priscilla Chan, donated 18 million shares worth about $500 million to the foundation.

Persons: Reed Hastings, Mark Zuckerberg, —, It's, Jack Dorsey, Priscilla Chan, Hastings, Marc Randolph, Patty Quillin, They've, Bill Gates, Warren Buffett Organizations: Netflix, Community Foundation, Service, Wall Street, Bloomberg, United Negro College Fund, Business Locations: Silicon Valley, Bay

For instance, the U.S. has blocked shipments of cotton coming from China, a top manufacturer of popular clothing brands, because it was produced by forced or prison labor. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. Cargill acknowledged buying goods from prison farms in Tennessee, Arkansas and Ohio, saying they constituted only a small fraction of the company’s overall volume. For instance, about a dozen state prison farms, including operations in Texas, Virginia, Kentucky and Montana, have sold more than $60 million worth of cattle since 2018. “What for?”FOLLOWING THE MONEYThe business of prison labor is so vast and convoluted that tracing the money can be challenging.

Persons: it’s, Willie Ingram, “ They’d, billy clubs, they’d, ”, Ingram, didn’t, they’re, don’t, Andrea Armstrong, Frank Dwayne Ellington, Ellington, Koch, “ It’s, it’s somebody’s, Alishia Powell, Clark, “, Bunge, Louis Dreyfus, Archer Daniels, Cargill, ” McDonald’s, Mills, ” Bunge, Burger, Jermaine Hudson, ” Hudson, Calvin Thomas, Thomas, Ken Pastorick, Pastorick, Jennifer Turner, Faye Jacobs, Jacobs, ’ ” David Farabough, they’ve, Joshua Sbicca, Cliff Johnson, Jimmy Dean, Sara Lee, Tyson, Brevard County Sheriff Wayne Ivey, that’s, ” Ivey, “ They’re, ’ ”, William “ Buck ” Saunders, Hickman’s, Brooke Counts, Counts, John’s, Jack Strain, Tammany Parish, Russell Stover, Curtis Davis, Robert Bumsted, Cody Jackson, Columbia University’s Ira A, Lipman Organizations: Louisiana State Penitentiary, The Associated Press, Walmart, Cargill, U.S, Kroger, Target, Aldi, Corrections, Loyola University New Orleans, Koch Foods, Occupational Safety, Health Administration, Washington, Archer Daniels Midland, Consolidated, AP, Foods, Dairy Farmers of, Big, Sam’s, Tyson Foods, U.S ., Civilian, OSHA, Fair Labor, American Civil Liberties, Colorado State University, MacArthur Justice Center, University of Mississippi, PepsiCo, Brevard County Sheriff, Arizona . Companies, Costco, Correctional, Prisons, Nut, Maine Foods, Taylor Farms, Transitional, Associated Press, Public Welfare Foundation, Columbia, Lipman Center for Journalism, Arnold Ventures Locations: ANGOLA, La, Southern, Louisiana, Texas, In Louisiana, Angola, United States, “, Ashland, U.S, China, Tennessee , Arkansas, Ohio, Dairy Farmers of America, Texas , Virginia, Kentucky, Montana, Baton Rouge, Mississippi, Manhattan, America, Alabama, American, Arkansas , Texas, Florida , Alabama, South Carolina, Georgia, Arkansas, In Alabama, Florida, Brevard County, Arizona, Wisconsin, California, Colorado, state’s St, Tammany, Idaho, In Kansas, Cal, St, Francisville , Louisiana, Feliciana, Investigative@ap.org

☆ Satya Nadella's life and career, from computer-science student to CEO of Microsoft and turning it into a $3 trillion titan
▼ + stars: | 2024-01-28 | by ( Polly Thompson | Matt Weinberger | ) www.businessinsider.com time to read: +1 min

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWhen Satya Nadella took over as Microsoft CEO on February 4, 2014, the company was struggling. This story is available exclusively to Business Insider subscribers. In January, as 56-year-old Nadella neared a decade in charge, Microsoft overtook Apple to become the world's most valuable public company and is now worth about $3 trillion. Here's how Nadella worked his way up the ranks of Microsoft and executed this startling turnaround.

Persons: —, Satya Nadella, Bill Gates, Nadella Organizations: Service, Microsoft, Business, Apple

☆ Elon Musk wants to sell more Teslas in Japan. Here's why that could be tricky.
▼ + stars: | 2024-01-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Read previewBack in 2010, Elon Musk predicted that Japan would become Tesla's largest market outside of the US. "There are some geographies where our market share is remarkably low, like Japan," Musk said in a fourth-quarter earnings call earlier this week. Akio Toyoda has been skeptical of the benefits of EV cars. Tomohiro Ohsumi/Getty ImagesThat hesitancy has also held back the development of charging infrastructure — there are only about 30,000 EV charging connectors in the whole country — and kept price tags higher. But Japanese carmakers do have some plans to boost their EV efforts.

Persons: —, Elon Musk, Musk, Tesla, Suzuki, Nissan Sakura, Tatsuo Yoshida, Akio Toyoda, Ohsumi Organizations: Service, Business, BMW, Toyota, Honda, Nissan, Bloomberg, Bloomberg Intelligence, New York Times Locations: Japan, Europe

☆ 'The Traitors' creator says the show got rejected '40 or 50 times' — but he kept pitching until someone said yes
▼ + stars: | 2024-01-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

The second season of "The Traitors" UK comes to its deceitful and dramatic conclusion on Friday. AdvertisementMillions of viewers are set to tune into the gripping season two finale of "The Traitors" UK on Friday. I probably pitched it 40 or 50 times to broadcasters – some of them said to me, "Oh no, not 'The Traitors' again," Pos told GQ. "When we aired it at the beginning of 2021, it was immediately a success," Pos said. Claudia Winkleman hosts the UK version of "The Traitors."

Persons: Marc Pos, —, Alan Cumming, Peacock, Claudia Winkleman, Ian West, it's, It's Organizations: Service, BBC, RTL Locations: Netherlands, Australia, Belgium, Norway, New Zealand, Scottish

☆ From ‘Barbie’ to ‘Bob the Builder’: Mattel’s next big movie, and how Jennifer Lopez is involved
▼ + stars: | 2024-01-25 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +2 min

Now, CNN has learned that Mattel hopes to maintain that momentum with a cinematic adaptation of another kids’ character: Bob the Builder. An animated movie based on the long-running animated children’s series is in development, with Jennifer Lopez attached to executive produce and “In the Heights” star Anthony Ramos set to voice the beloved titular cartoon contractor. This new take on “Bob the Builder” will “celebrate the vibrant and colorful textures of the Caribbean Latin nations and their people.”Aside from voicing Bob the Builder, Ramos will also serve as a producer. In a statement, Ramos said that the movie will focus on friends working together and how love can help conquer any obstacle. The “Bob the Builder” television series ran in worldwide syndication for over a decade in the early aughts, and is known for its popular catchphrase, “Can we fix it?

Persons: “ Barbie, Mattel, Bob, Jennifer Lopez, Anthony Ramos, Roberto “ Bob ”, Ramos, Lopez, Elaine Goldsmith, Thomas, Benny Medina, . Abrams, Vin Diesel, “ Barney ”, Daniel Kaluuya, Polly, ”, Lena Dunham, Lily Collins, “, Matt Mason ”, Tom Hanks Organizations: CNN, Mattel, Getty, Nuyorican Productions, “, UNO Locations: Puerto Rico, Caribbean, American

☆ Unruly passengers were a problem before the pandemic. Now they’re even worse
▼ + stars: | 2024-01-24 | by ( Francesca Street | ) edition.cnn.com time to read: +18 min

Levels of unrulinessIATA classifies unruly behavior incidents into four levels. The latest available IATA data, from 2022, indicates most disruptive passenger incidents involved non-compliance, verbal abuse and intoxication. Passengers refusing to wear masks was a contributing factor to the rise in unruly incidents during that period. Ronaldo Schemidt/AFP/Getty ImagesOf the 5,981 unruly passenger incidents reported to the FAA in 2021, 4,290 were face mask-related. “If you are a potentially unruly passenger, do you really not become unruly because you saw some zero tolerance unruly behavior video?” he questions.

Persons: Philip Baum, Baum, “, ” Baum, stank, ‘ Philip, can’t, ’ ”, –, Susannah Carr, ”, There’s, Liz Simmons, Simmons, Ronaldo Schemidt, It’s, Kris Major, Mizuki Urano, ” John Franklin, Franklin, EASA’s, there’s, Aleksandra Kapela, Kapela, ” Kapela, Sta Rosa, restaffing, “ We’re, ” There’s, Philip Baum’s, Polly Hilmarsdóttir, Daniela Modnesi, Modnesi, it’s, Jim Vondruska, they’re, we’ve, EASA’s Franklin, EASA, “ We’ve Organizations: CNN, CNN Travel, Transport Security International Magazine, Management, International Air Transport Association, European Aviation Safety Agency, Federal Aviation Authority, FAA, American, European Union Aviation Safety Agency, International Civil Aviation Organization, Japan Airlines, Staffing, Aviation, European Transport Workers ’ Federation, FBI, TSA, Airlines, Dutch, KLM, Nippon Airways, ANA, American Airlines Locations: Oceania, AFP, Icelandair, Tokyo, Montreal, Europe, Texas

☆ Rise of AI sparks big changes at SAP affecting about 8,000 jobs
▼ + stars: | 2024-01-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSAP will offer buyouts or different roles to about 8,000 workers in a restructuring plan related to the rapid rise of artificial intelligence. The new plan comes as SAP reported better-than-expected earnings, with revenue for its key cloud business expected to rise by about a quarter. SAP has been trying to incorporate AI solutions into its products, and has also invested about $1 billion in AI enterprise startups. It joins the slew of big tech companies, including Google and Microsoft, in making changes to their workforce following the rapid rise of AI.

Persons: —, Christian Klein Organizations: Service, Business, SAP, Staff, Google, Microsoft

☆ Nasa astronomers says signal coming from outside our galaxy is 'unexpected and as yet unexplained'
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

NASA scientists have found a powerful new gamma-ray signal coming from outside our galaxy. AdvertisementNASA astronomers have discovered an unexpected "signal" coming from outside our galaxy, which they can't explain. The scientists were analyzing 13 years of data from the Fermi Gamma-ray Space Telescope when they noticed the mysterious signal. NASA's Fermi Gamma-ray Space Telescope, illustrated here, scans the entire sky every three hours as it orbits Earth. NASA's unexpected discovery could help astronomers confirm or challenge ideas about how the dipole structure is created.

Persons: —, Francis Reddy, NASA's, Alexander Kashlinsky, Fermi, Chris Smith, Chris Shrader, Pierre Auger, Fernando Atrio Organizations: NASA, Service, Fermi, NASA's Goddard Space Flight, University of Maryland, American Astronomical Society, Goddard Locations: Argentina

☆ PHOTOS: Denmark welcomes new King to the throne as Queen abdicates, with pageantry and smiles
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

On Saturday, HM King Frederik X began his reign as Denmark's monarch and head of state. AdvertisementOn Saturday, Denmark proclaimed Crown Prince Frederik, their new king. His mother, Queen Margrethe II, had announced in a surprise New Year's message that after reigning for 52 years as monarch, she would abdicate the throne. I will hand over the throne to my son, Crown Prince Frederik," Margrethe said. The 55-year-old Crown Prince becomes His Majesty King Frederik X and Head of State of Denmark.

Persons: HM King Frederik X, Margrethe II, —, Crown Prince Frederik, Queen Margrethe II, Queen of, Margrethe, King Charles, Frederik, Mette Frederiksen, Prince, King Frederik X Organizations: HM, Service, Crown, Denmark's, State Locations: Denmark, Queen of Denmark, Europe, Danish, Christiansborg, Copenhagen, State of Denmark

☆ Hundreds of earthquakes cause volcano to erupt on the outskirts of an Icelandic fishing town
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Hundreds of earthquakes opened a fissure sending lava flowing toward the town of Grindavík. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Icelandic volcano erupted in the early hours of Sunday morning, billowing smoke and sending flowing lava toward a small fishing town. A new volcanic eruption began in the early morning just north of Grindavík. People watch the billowing smoke during the volcanic eruption north of the Icelandic town of Grindavik.

Persons: —, Guðni Jóhannesson, @RuvEnglish, 9mlOiMohC4, SERGEI GAPON, Leosson Organizations: Service, Icelandic Met, Coast Locations: Grindavík, Iceland, Reykjavik, Grindavik

☆ My supermarket removed all the self-service checkouts. It's annoyed some customers — but the staff prefer it.
▼ + stars: | 2024-01-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

Booths, a UK supermarket chain, recently removed almost all its self-service checkouts. No more self-checkoutsAligning with those values is part of the reason that Booths has just removed all self-service checkouts. AdvertisementObviously, you have to have more staff on than if you had a lot of self-service machines, but you always had to have someone manning the self-service tills anyway. A lot of our customers are older and find self-service machines really confusing. I don't find the work busier than when we had self-service machines, but there is a drawback.

Persons: Marti Stelling, —, it's, There's, we're, It's, Marti, Manning, checkouts Organizations: Service Locations: Rippon , North Yorkshire

☆ Late Samsung chairman's family sell $2 billion worth of shares to help pay huge South Korean inheritance tax
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

The former Samsung Electronics chairman, who was South Korea's richest person, died in 2020. Lee Kun-hee's family is now selling billions worth of shares to pay inheritance taxes. South Korea has a top inheritance tax rate of 50%, the world's second highest after Japan. AdvertisementThe widow of the former Samsung Electronics chairman and her two daughters sold billions worth of shares to help pay off their inheritance tax, The Korea Times reported, citing industry sources. But due to South Korea's top inheritance tax rate of 50% — the second highest in the world — the family was hit with more than 12 trillion won, which is now around $9 billion, in tax bills.

Persons: Lee Kun, — Organizations: Samsung Electronics, Japan, Service, Korea Times, Business Locations: Korea

☆ Adidas' CEO says he gave his cell number to 60,000 employees and was slammed with 200 messages a week, report says
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

The CEO of Adidas, Bjørn Gulden, gave his cell number to 60,000 of his employees. "Some people think I'm crazy," Gulden told The Wall Street Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdidas' CEO Bjørn Gulden shared his cellphone number with 60,000 employees at a town hall meeting in an effort to boost transparency at the firm, The Wall Street Journal reported. This story is available exclusively to Business Insider subscribers.

Persons: Bjørn Gulden, Gulden, —, Kanye West Organizations: Adidas, Wall Street, Service, Street Journal, Business

☆ Microsoft's market cap hit $2.89 trillion as it overtook Apple as the world's most valuable public company
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Microsoft's market cap hit $2.89 trillion on Friday as it knocked Apple off the top spot. Meanwhile, slower iPhone sales in China have made life trickier for Apple. AdvertisementMicrosoft closed out Friday as the world's most valuable publicly traded company, pushing its long-time rival Apple off the top spot. The tech giant hit a market cap of $2.89 trillion while Apple's fell slightly to $2.87 trillion. The first downgrade by UK bank Barclays wiped out more than $100 billion in market cap in a single day.

Persons: Apple, —, Sam Altman's OpenAI, Minerva, Kathleen Brooks, hasn't Organizations: Apple, Service, Microsoft, CNBC, NASDAQ, Apple Watch, Barclays, Huawei, Jefferies Locations: China, San Francisco, California

☆ French post offices are trialling changing rooms to let people try on their online purchases
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

France's post office is trialing in-store changing rooms to make online shopping easier. The bright yellow booths are designed to look like French post boxes. AdvertisementFrance likes to do some things differently – and its post office is no different. Related stories"The idea is to simplify the lives of our clients," La Poste said, per The Guardian. La Poste also hopes the experiment will bring more people into its branches, which has dropped as sending letters becomes less common.

Persons: —, ALAIN JOCARD, Shopify, There's, Poste, Chloe Thomas, Thomas Organizations: Service, Shoppers, Capital, French Retailers Association, LinkedIn, US National Retail Federation, Poste, Business Locations: France, Paris, Lannion, La Rochelle, La

☆ Severe winter weather causes travel chaos as planes grounded and over 1,000 flights canceled at Chicago's airports
▼ + stars: | 2024-01-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Winter storms are battering the US, causing floods, power outages, and travel chaos. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Bad weather warnings have been issued across states stretching from Oregon to Maine and affecting more than 70 million people, the BBC reported. Republican presidential candidates postponed or cancelled many election campaign events in Iowa as high winds and snow hit. AdvertisementAlaska Airlines has canceled around 20% of its flights each day since it grounded its fleet of 737 Max-9s, per Reuters.

Persons: —, Chip Somodevilla, Max Organizations: Service, Chicago O'Hare, NBC Chicago, Weather Service, BBC, Republican, Associated Press, Alaska Airlines Locations: Chicago, Dakotas, Oregon, Maine, Iowa, East Coast

☆ Suicides, jail, and wrongful convictions — but it took the TV drama 'Mr Bates vs the Post Office' to bring them justice
▼ + stars: | 2024-01-13 | by ( Chris Johnston | ) www.businessinsider.com time to read: +8 min

Martin Griffiths, 59, jumped in front of a bus in 2013 after being falsely accused of theft at his post office branch in Ellesmere Port, near Liverpool. Jo Hamilton, who ran the Village Shop and Post Office in South Warnborough, Hampshire, was wrongly convicted of theft in the Post Office Horizon scandal. ITVThe program focused on Alan Bates, who along with his partner invested in a post office store in Wales in 1998. Why did the Post Office — which has been owned by the government since 2012 – continue to prosecute people when there were doubts about the software? "Mr Bates vs the Post Office" is available in the UK on ITVX.

Persons: It's, Mr Bates, Rishi Sunak, Seema Misra, Peter Huxham, Martin Griffiths, Julian Wilson, Jo Hamilton, Adrian Dennis, Toby Jones, who's, Harry Potter, Alan Bates, Bates, wasn't, John Beer of, —, –, Kevin Hollinrake, Gwyneth Hughes, Innocent, Paula Vennells, Vennells, it's, James Strong, we'd, Polly Hill Organizations: Service, Business, ITV, Post, of, Japan's Fujitsu, Office, Getty, Journalists, Computer, BBC, Post Office, Guardian, Fujitsu, Financial Times, subpostmasters Locations: Britain, Ellesmere Port, Liverpool, South Warnborough, Hampshire, AFP, Wales, John Beer of Farnham, Surrey

☆ Lululemon hits back at founder's anti-DEI comments: They 'do not reflect our company views'
▼ + stars: | 2024-01-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe athleisure brand Lululemon has distanced itself from its founder and former CEO Chip Wilson's comments about diversity. "Chip Wilson does not speak for Lululemon, and his comments do not reflect our company views or beliefs," a spokesperson said in a statement, per The Business of Fashion. AdvertisementWilson founded Lululemon, which is now headed by Calvin McDonald, in Vancouver in 1998 as a "yoga-inspired" company for women.

Persons: Lululemon, Chip Wilson's, Wilson, Elon Musk, Bill Ackman, —, You've, Chip Wilson, Chip, Jim Bennett, Getty Wilson, Calvin McDonald Organizations: Forbes, Service, Luluemon, Lululemon, Harvard University Locations: Vancouver, American

☆ An American fugitive who faked his own death and fled to Scotland to escape rape charges has been extradited to the US
▼ + stars: | 2024-01-06 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

Read previewAn American fugitive who faked his own death and fled to Scotland to avoid rape charges has been extradited to the US. But in December 2021, Rossi was discovered while receiving treatment for COVID-19 at a hospital in Glasgow, Scotland. Responding to the news, David Leavitt, a former Utah county attorney, said: "Today marks a pivotal moment in the pursuit of justice, as the responsibility shifts to Utah County," per the BBC. Rossi has also been accused multiple times of alleged domestic violence in Rhode Island, The Associated Press reported. AdvertisementBritish police are also investigating Rossi in relation to a rape allegation in Essex, England.

Persons: —, Nicholas Rossi, Rossi, Nicholas Alahverdian, Arthur Knight, Sheriff Norman McFadyen, David Leavitt Organizations: Service, Business, Edinburgh Sheriff Court, Guardian, Sheriff, BBC, Associated Press Locations: Scotland, Utah, Glasgow, Edinburgh, Utah County, Rhode Island, Essex, England

☆ 3 US cities made the list of the world's top 10 most expensive places to live, report says
▼ + stars: | 2023-12-03 | by ( Polly Thompson | ) www.businessinsider.com time to read: +2 min

New York, Los Angeles, and San Francisco all made it into the world's top 10 most expensive cities. AdvertisementThree US cities have made it into the top 10 most expensive cities in the world in the latest Worldwide Cost of Living report from the Economist Intelligence Unit (EIU). Although three US cities made the top 10, on average North American cities fell in the rankings compared to the previous year. The Russian capital finished up 105 places lower in 142nd, while St Petersburg dropped 74 places to 147th. The world's cheapest cities included Damascus, Syria; Tehran, Iran; Buenos Aires, Argentina; and Chennai, India.

Persons: — Organizations: Economist Intelligence, Service, Economist Intelligence Unit, St Locations: New York, Los Angeles, Francisco, Western, . New York, Singapore, Zurich, Switzerland, San Francisco, Beijing, Moscow, St Petersburg, Damascus, Syria, Tehran, Iran, Buenos Aires, Argentina, Chennai, India

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