Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters. Continue reading Wells Fargo CEO ruffles feathers with comments about diverse talent
The Amazon CEO and entrepreneur, Jeff Bezos, has grown his vast fortune by a further $24bn so far during the coronavirus pandemic, a roughly 20% increase over the last four months to $138b. Continue reading Amazon CEO Jeff Bezos grows fortune by $24bn amid coronavirus pandemic
Chris Myers, the co-founder and CEO at franchise software firm BodeTree, generates revenue in the millions. By all outward appearances, Myers is building a successful, 22-person business out of Denver, which he launched nearly a decade ago in 2010. Continue reading Entrepreneurs on How to Deal with Anxiety and Depression on the Job
With politicians, users, and even its own employees furious with Facebook in the wake of the Cambridge Analytica scandal, it’s hard to imagine that a company could be more screwed than the social network. But we live in Trump world now, and his “obsession” with punishing Amazon is causing investors to flee at a cost of $53 billion. Continue reading Amazon Lost $53 Billion in One Day Because Trump Has Opinions
The FBI has arrested the owner of Phantom Secure, one of a number of phone companies that it claims sells customized BlackBerry and Android devices for use in international criminal organizations. Continue reading The FBI Busts Phantom Secure CEO for Allegedly Selling Encrypted Phones to Gangs, Drug Cartels
The deadly Valentine’s Day school shooting at Marjory Stoneman Douglas High School in Florida has inspired a movement among teens to protest for changes in gun laws. Retail outlets that sell assault weapons are taking notice. Dick’s Sporting Goods indicated Wednesday that it is making a huge move inspired by the mass murder, which killed 17. Continue reading DICK’S SPORTING GOODS CEO ANNOUNCES THEY WILL NO LONGER SELL ASSAULT RIFLES
When your job involves trying to bring to market what could be the biggest breakthrough in birth control since the pill, you keep your mornings predictable. Every weekday, Saundra Pelletier gets up at 4:30 a.m., trying not to wake her 10-year-old son while she slips into her workout gear, which includes a sweatshirt with the word bullshit printed on the left shoulder. By 5, the 48-year-old single mom–who lives about a half hour from the San Diego offices of her company, Evofem Biosciences–is on the phone, often with her investors in London. At 5:30, still on the phone, Pelletier exits her garage with a quick nod to the nanny, who is on her way in. Half an hour later, she’s at either CrossFit or Fitwall, where she can work all the major muscle groups in 40 minutes. As the cool-down session begins, Pelletier bolts, already en route to her next stop and a triple soy latte from Starbucks. Since there are no locker rooms at either gym, she swings back home–the phone automatically clicking over to a waterproof speaker in her bathroom–to clean up. Back in her car, she dictates emails to her assistant, until arriving at the office by 8:30. “We get quite a lot done, actually,” she says.