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Liz Reyer: When the top bosses don't agree, you need to get involved

Business / Business News /

Q: I'm feeling powerless and frustrated at work. I'm responsible to help execute strategy, but the team of executives responsible for defining it can't seem to agree. It's hard to get things done. How can I handle this?

-- Olin, 48, senior director, operations

A: Don't underestimate your ability to influence the situation.

Building up your ...Read more

Treat workers as employees? Uber, Lyft and others are scrambling for a compromise

Business / Business News /

Faced with a looming threat to their way of doing business, Uber, Lyft and other major on-demand companies are trying something they've historically been reluctant to do: seeking compromise.

Anxious to preserve the freelance work arrangements upon which they've built their vast workforces, these companies have been pushing for a grand bargain ...Read more

The bank branch of the future is coming, with coffee bars, cozy nooks … and no teller windows

Business / Business News /

CHICAGO -- The branch bank of the future is coming, and your friendly neighborhood teller may be history.

With transactions migrating online, customer traffic down and once-bustling branches closing their doors, major banks including Fifth Third, Chase and Capital One are racing to create cozier, millennial-friendly spaces offering financial ...Read more

Trump's transition team vetted Endeavor's Ari Emanuel

Business / Business News /

Endeavor CEO and Hollywood uber agent Ari Emanuel was the role model for fictional super-agent Ari Gold on HBO's "Entourage." As it turns out, he was also vetted for an unspecified role in the Trump administration during the transition in November 2016.

The disclosure came as Emanuel's vetting dossier was revealed as part of a trove of nearly ...Read more

Warner Bros. is getting its first female CEO, BBC's Ann Sarnoff

Business / Business News /

Three months after Warner Bros. was rocked by a sex scandal, the nearly century-old movie and television studio is getting its first female chief executive.

BBC executive Ann Sarnoff has been named chairwoman and CEO of Burbank-based Warner Bros., parent company WarnerMedia said Monday. Sarnoff replaces Kevin Tsujihara, who stepped down in ...Read more

How millennials are changing corporate giving

Business / Business News /

Corporate generosity took center stage in May when Robert F. Smith, the founder, chairman and CEO of Vista Equity, announced his plan to pay off student loans for Morehouse College's entire 2019 graduating class.

At the same time, MacKenzie Bezos, the ex-wife of Amazon founder and CEO Jeff Bezos, signed the Giving Pledge, agreeing to earmark ...Read more

As new market booms, which meat alternative will win out?

Business / Business News /

Mighty Spark Foods, a Minneapolis maker of lean natural meats, links and blended patties, filled its corporate website for months with recipes and news about its executives and charitable work.

Then came the Beyond Meat IPO. The Los Angeles-area maker of faux meat based on pea protein and other ingredients went public last month, and its stock ...Read more

On Philanthropy: Philanthropy is the ultimate 'risk capital'

Business / Business News /

The definition of "risk capital" varies greatly depending on context.

In the world of private equity, risk capital refers to the funds used for speculative, high-risk, high-reward investments. Depending on the success of the investment, it can either earn spectacular returns or dwindle to a fraction of the initial amount.

In the charitable ...Read more

Billionaires from Soros to Pritzker heirs urge wealth tax

Business / Business News /

Some of the richest people in the U.S. are calling for a federal wealth tax.

Financier George Soros, heiresses Liesel and Regan Pritzker, Abigail Disney and Facebook Inc. co-founder Chris Hughes are among those calling for the levy to help address income inequality and provide funding to address climate change and public health issues.

"We are...Read more

Vanguard Considering Private Equity for the very wealthy: report

Business / Business News /

Vanguard is again considering jumping into the private equity realm, an alternative investment generally considered only for the very wealthy.

Vanguard has been in talks with HarbourVest Partners in Boston and Pantheon Ventures in London, plus at least one other firm, to give private market strategies to clients of its advisory services, ...Read more

Susan Tompor: Don't do your boss any favors buying gift cards — it's likely a scam

Business / Business News /

We've had the "one ring" phone scam, the fake IRS phone calls, the scam that tricks you into thinking that your Social Security number has been connected to some car in Texas that was involved with running drugs across the border.

And now we have the "Can you do me a favor?" scam.

Sure, you're thinking "Hey, I know quite a few folks who ask ...Read more

Student loans were canceled? Great, but you are still on the hook for taxes.

Business / Business News /

Good news: If you have private student loans from the now-defunct ITT Technical schools, your loans have been canceled.

Bad news: You may owe taxes, as the IRS views the loans as income.

Pennsylvania's attorney general last week announced a national settlement for more than $168 million in debt relief for 18,000 former students of ITT Tech. In...Read more

'Toy Story 4's' softer-than-expected opening delivers limited box office relief

Business / Business News /

LOS ANGELES -- Dolls ruled the weekend as "Toy Story 4" and "Child's Play" revived the box office after a three-week-long slump, but overall numbers continue to lag behind last year.

Disney and Pixar's latest entry in the two-decade-spanning "Toy Story" franchise raked in $118 million, well below studio predictions of $140 million to $150 ...Read more

Report ties 50 infant deaths to inclined sleepers, but US watchdog has not issued recall

Business / Business News /

SACRAMENTO, Calif. -- The deaths of at least 50 infants have been linked to those comfy-looking inclined sleepers that have been marketed as great for babies' naptime and nighttime, according to Consumer Reports magazine.

Parents whose infants have died have taken to the internet to share how their losses occurred in an effort to keep it from ...Read more

Alexa, how many dogs come to work at Amazon Seattle? 7,000

Business / Business News /

SEATTLE -- Casually dressed techies, blue badges flapping, dart past construction workers during morning rush hour at the global headquarters of Amazon, the juggernaut accelerating the growth of our on-demand culture.

A company food stand dispenses free bananas to commuters streaming between the sleek Amazon office towers that have invaded a ...Read more

FDA releases millions of records of incidents involving medical devices

Business / Business News /

The U.S. Food and Drug Administration on Friday published millions of previously undisclosed reports of problems and post-surgical complications involving medical devices, including reports on implantable cardiac defibrillators, pacemaker electrodes and dental implants.

The roughly 6 million reports released Friday cover a wide array of devices...Read more

Feds sue to block sale of Chicago printing firm, allege merger would raise prices on books, catalogs, magazines

Business / Business News /

The Department of Justice filed an antitrust lawsuit Thursday to block the proposed merger of Quad/Graphics and Chicago-based LSC Communications -- the two largest printers in the U.S. -- alleging it would raise the prices of books, catalogs and magazines.

Wisconsin-based Quad announced in October it would buy LSC in an all-stock deal valued at...Read more

Confirmed: Medicaid work rules are a health disaster for the poor and don't affect work

Business / Business News /

Ever since Arkansas implemented its first-in-the-nation work requirements for Medicaid in June 2018, the state has functioned as a laboratory for the concept of placing unnecessary obstacles in the way of low-income people seeking health coverage.

The experiment consistently has shown that the policy is catastrophic for the target population's ...Read more

California poised to have the highest gas tax in the country

Business / Business News /

On July 1, the excise tax on gasoline in California will go up 5.6 cents a gallon, enough to push the state's total taxes and fees past Pennsylvania to become the highest in the nation.

The 5.6-cent increase represents the second iteration of Senate Bill 1, commonly called the gas tax, that was passed by the Legislature in Sacramento in the ...Read more

California adds 19,400 jobs, a quarter of all U.S. employment growth in May

Business / Business News /

Year-over-year, the Golden State added jobs at a 1.6% rate, the same as the nation as a whole. California's unemployment rate was 4.2%, the same as a year earlier, but slightly above April's 4.3% rate. The U.S. unemployment rate held at 3.6% in May.

"California is still one of the top performing economies in the United States," said Christopher...Read more

 

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