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Expensify CEO slams corporate America's response to the Capitol riots: 'Defending the free market does not mean standing by as people destroy it'

David Barrett. David Barrett Expensify CEO David Barrett slammed corporate America's response to the attacks on the US Capitol. Barrett told Insider that defending free markets requires first defending democracy. He also told Protocol most CEOs are "cowards" for refusing to take those stands. Visit Business Insider's homepage for more stories. As more companies publicly condemn the violent attacks on the US Capitol and pause their financial support for the lawmakers who helped fuel an atte...
Tags: Politics, Enterprise, Finance, US, America, Trends, Markets, Corporate Social Responsibility, Joe Biden, Money In Politics, Republican, Biden, Donald Trump, Coinbase, Expensify, Trump


Top CEOs want Trump to be impeached after the deadly Capitol riot, according to a new survey by Yale

President Donald Trump on the South Lawn of the White House on January 12, 2021 Drew Angerer/Getty Images CEOs are overwhelming in favor of impeaching President Donald Trump, according to Chief Executive Leadership Institute data shared with Insider. In a survey, every CEO who responded said Trump helped incite last week's violent attack on Congress. Most think there'll be further violence on inauguration day, and even this weekend. Business leaders are "the most trusted pillar" right now,...
Tags: Politics, News, Congress, Washington, White House, US, Trends, Joe Biden, Gop, Yale, New Jersey, Pga, Biden, Donald Trump, Trump, Jpmorgan


From cutting all ties with Trump to pulling political donations, here's how corporate America has responded to the Capitol insurrection

The US Capitol during riots on January 6. REUTERS/Leah Millis During the US Capitol insurrection, businesses condemned the rioters. In the days after, they swapped words for concrete action. Some have cut off all political funding, others have severed ties with President Donald Trump. Here's how social-media giants, banks, retailers, and other firms have reacted. Visit Business Insider's homepage for more stories. Since rioters stormed the US Capitol on January 6 in a desperate bid to over...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Twitter, Business, Politics, White House, US, America, Trends, Social Media, Joe Biden, New Jersey, Pga, Reddit


Intel is replacing CEO Bob Swan with VMware CEO Pat Gelsinger

Intel boss Robert "Bob" Swan. Christoph Dernbach/Getty Images Intel CEO Bob Swan will be replaced by CEO of VMware Pat Gelsinger, the company said Monday. The change will go into effect on February 15 and comes after the chip giant saw a rough year in 2020. Last summer, it announced that production problems would delay its next-generation chips. When Swan became CEO in January 2019, some expressed concern over the executive's lack of technical background to helm a company historically led ...
Tags: News, Trends, Intel, Cnbc, Vmware, Cto, Pat, Tech Companies, Brian Krzanich, Pat Gelsinger, CEOs, Krzanich, Swan, Tech Insider, Bob Swan, Katie Canales


Amazon joins Airbnb, Marriott, and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Amazon has become the latest US corporate giant to cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. It joins Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, Boston, US, Trends, Tech, General Motors, Bloomberg, Joe Biden


Walmart, Amazon and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Walmart will halt political donations to lawmakers that opposed certifying president-elect Joe Biden's victory. It joins Amazon, Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Walmart, Bloomberg, Joe Biden


Marriott, Morgan Stanley, Dow, and other US firms are cutting off donations to Republican politicians that opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats comple...
Tags: Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc


Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan and Citibank said they will temporarily pause all political donations to both Republicans and Democrats completely. Last We...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


In the wake of the Capitol siege, Marriott, Morgan Stanley, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


In the wake of the Capitol siege, Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


Marriott is pulling donations to Republicans who voted to overturn the election, while JP Morgan and Citigroup are halting political donations altogether

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president.  JP Morgan, Goldman Sachs, Morgan Stanley, and Citigroup have all said they will temporarily pause all political donations to both the Republicans and Democrats completely. Last Wed...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


Top CEOs may cut off funding to Republicans who have supported Trump's election challenge: 'Money is the key way'

President Donald Trump (left) and President-elect Joe Biden. Tasos Katopodis/Getty Images, Drew Angerer/Getty Images CEOs of major companies have said they may stop funding Republicans who have backed President Donald Trump's challenge of the election results, according to Jeffrey Sonnenfeld, founder of Yale's Chief Executive Leadership Institute. Sonnenfeld hosted a call on Tuesday with more than 30 chief executives. Among those in attendance were execs from Disney, Accenture, Goldman Sac...
Tags: Politics, Obama, Congress, White House, Trends, Merck, Joe Biden, Gop, Deloitte, Biden, Jeh Johnson, Donald Trump, Morgan Stanley, Wall Street Journal, Thomson Reuters, Journal


Top CEOs are considering cutting off funding to Republicans who have supported Trump's election challenge, according to Yale's Jeffrey Sonnenfeld

President Donald Trump (left) and President-elect Joe Biden Tasos Katopodis/Getty Images, Drew Angerer/Getty Images CEOs of major companies have said they may stop giving money to Republicans who have backed President Donald Trump's challenge to the presidential election results, according to Yale's Jeffrey Sonnenfeld. Sonnenfeld, founder of Yale's Chief Executive Leadership Institute, hosted a call on Tuesday with 33 chief executives across sectors including finance, pharmacy, transportat...
Tags: Politics, Congress, Trends, Joe Biden, Gop, Yale, Biden, Donald Trump, Chamber of Commerce, Cnbc, Trump, Mike Pence, Electoral College, CEOs, Sonnenfeld, Jeffrey Sonnenfeld


Major companies might mandate COVID-19 vaccines for some employees, a poll of 150 current and recent CEOs suggests

Mario Tama/Getty Images In a poll of 150 current and recent CEOs of major companies — including Walmart, Goldman Sachs, and UPS — 72% of respondents said they were open to COVID-19 vaccine mandates. "There was a surprising amount of openness to the idea of mandates for vaccines," Jeffrey Sonnenfeld, founder of the Yale Chief Executive Leadership Institute, told CNN.  The leaders were polled at a summit organized by the institute. But some attendees said they would wait to make a decision,...
Tags: Amazon, Uber, Whole Foods, Cdc, Trends, Cnn, UPS, Yale, Healthcare, Employment law, Business Insider, American Airlines, Parker, Johnson Johnson, MetLife, Mark Weinberger


The 25 small and midsize companies with the best CEOs in 2020, according to employees

Ellen Kullman, CEO of Carbon, is among the 25 best CEOs of small and midsize companies according to Comparably. Joe Scarnici/Getty Images Career site Comparably just released its annual list of the best CEOs at small and midsize companies. The list is based on anonymous employee ratings over a 12-month period. Jason Purcell, the CEO of e-commerce software company Salsify, ranked at the top of the small and midsize companies list. View the full lists from Comparably here. Visit Business Ins...
Tags: Career, New York, Boston, US, Careers, Los Angeles, San Francisco, Trends, Atlanta, Features, Companies, Alex Austin, Chicago, San Diego, San Jose, DuPont


Taking my startup completely remote has saved us over $250,000 this year. Here's how we were able to grow more quickly while keeping our culture strong.

Tom Sagi is CEO and cofounder of Hourly, an insurtech platform. Tom Sagi Tom Sagi is the CEO of Hourly, an insurtech startup that connects the dots between payroll and workers' compensation insurance. When the pandemic caused the company's move to a new office to be put on hold, Sagi was skeptical about how his company would run with a fully remote team. Seven months in, he says he now appreciates the increased flexibility and productivity that comes with remote work, as well as the decrea...
Tags: Startups, Office, Entrepreneurs, Trends, Strategy, Remote Work, Palo Alto, Bay Area, Nordic, Pepsi, Tech Startup, CEOs, Sagi, Hourly, WFH, COVID


Victoria's Secret Lingerie replaces its CEO after bruising year of store closures and lawsuits

Victoria's Secret. Scott Olson/Getty Images John Mehas, CEO of Victoria's Secret Lingerie since February 2019, was replaced on Wednesday with no reason given by the company.  Martin Waters, who has been with the company since 2008 will become CEO, effective immediately. 2020 has been a difficult year for Victoria's Secret, with lawsuits and store closures plaguing the business. Visit Business Insider's homepage for more stories. On Wednesday, L Brands announced the CEO of Victoria's Se...
Tags: News, US, America, Trends, Retail, Victoria, Victoria's Secret, Tory Burch, COLUMBUS Ohio, Scott Olson Getty, L Brands, CEOs, Barbara Smith, Sycamore, Sycamore Partners, Store Closings


Biden and Harris met with the CEOs of Microsoft, Gap, General Motors, and Target to discuss the COVID-19 economic recovery. 'I'm a union guy,' Biden said.

President-elect Joe Biden and Vice President-elect Kamala Harris. Drew Angerer/Getty President-elect Joe Biden and Vice President-elect Kamala Harris spoke with labor leaders and top CEOs on Monday to discuss economic recovery from the COVID-19 pandemic, a transition aide told Reuters. The group included the CEOs of General Motors, Microsoft, Target, and Gap, as well as the president of the American Federation of Labor and Congress of Industrial Organizations. Biden told attendees that "un...
Tags: Politics, Microsoft, Unions, Satya Nadella, US, Trends, General Motors, Joe Biden, US politics, Trade unions, Economic recovery, Gap, Biden, Donald Trump, Target, Kamala Harris


The CEO of Newsmax says the channel will never become 'Trump TV' — but he's open to giving the president a weekly show

Newsmax Media CEO Christopher Ruddy. BRENDAN SMIALOWSKI/AFP via Getty Images Christopher Ruddy, the CEO of Newsmax, said Sunday that the conservative channel would never become an outlet for President Donald Trump. But Newsmax would be open to giving Trump his own weekly show once he left the White House, Ruddy said. His comments followed a Wall Street Journal report that Trump allies were interested in acquiring and investing in Newsmax, trying to make it a competitor to Fox News. "Newsma...
Tags: Business, Politics, Television, Media, Republicans, White House, Trends, Conservative, Joe Biden, Cnn, Getty Images, Fox, President, Fox News, Nielsen, Biden


What 22 successful people were doing in their teens and early 20s

One of Joe Biden's first jobs was as a pool lifeguard in a predominantly Black community in Wilmington, Delaware. Mark Makela/Getty Images When thinking about extremely successful people, it can be hard to imagine what they were doing when they were younger. By their 20s, many of the most successful people in the world were on the road to their future careers. As teenagers, Jeff Bezos was flipping burgers at McDonald's and Mark Zuckerberg was building computer programs. Visit Business ...
Tags: Google, Amazon, Work, Career, Facebook, Mark Zuckerberg, Spacex, Elon Musk, UK, Kim Kardashian, Microsoft, Arianna Huffington, Washington Post, Jay Z, Senate, America


Move over, CEOs: Small teams are the leadership of the future — here's how to harness the power of bottom-up culture

The pandemic has revealed that many employees work better in small independent teams. FreshSplash/Getty Barry Lowenthal is the CEO of global media buying agency Media Kitchen.  As businesses shift because of the pandemic, it's time to reconsider traditional top-down organizational structures, he writes in this op-ed. We're witnessing a slow and natural shift toward Holacracy, which gives decision-making authority to individual teams and in turn raises the bar on service, benefiting both th...
Tags: Business, Leadership, Opinion, Advertising, Trends, Strategy, Netflix, Employees, Reed Hastings, Nordic, CEOs, Holacracy, Barry Lowenthal, WFH, COVID, Media Kitchen


What a dream retirement plan looks like for 10 of the richest CEOs in America

Bill Gates has already retired as CEO, but Warren Buffett is still going strong. Rick Wilking/Reuters Retirement is inevitable, even for the world's richest CEOs. Amazon CEO Jeff Bezos, Berkshire Hathaway CEO Warren Buffett, and Tesla Motors CEO Elon Musk will retire eventually.  While some of the world's richest CEOs say they can't imagine retiring, others fantasize about alternate lives as a bartender or living in space. Visit Business Insider's homepage for more stories. It's hard to im...
Tags: Spacex, Elon Musk, Life, Retirement, US, Careers, America, Trends, Strategy, Tesla, Bloomberg, Features, Epic, Bill Gates, Michael Dell, Berkshire Hathaway


Jeff Bezos has gotten $70 billion richer in the past 12 months. Here are 11 mind-blowing facts that show just how wealthy the Amazon CEO really is.

Jeff Bezos is so rich that an average American spending $1 is comparable to Bezos spending $1.9 million. MANDEL NGAN/AFP via Getty Images Jeff Bezos is the the world's richest person, with a net worth of $183 billion, according to the Bloomberg's Billionaires Index. In August 2020, the Amazon CEO became the first person in history to be worth $200 billion, although his net worth his since dipped from that peak. Since the beginning of March, as most of the world's richest people have been l...
Tags: Amazon, London, Microsoft, Life, Elizabeth Warren, US, America, Trends, Wealth, Walmart, Bloomberg, Features, Getty Images, Britain, Bureau of Labor Statistics, Harvard University


Lucid's CEO says he has 'more advanced technology than Tesla,' and wants to use it to lower the price of EVs

Lucid Air. Lucid Lucid CEO and CTO Peter Rawlinson doesn’t think big batteries are the key to efficiency. He has plans to mass-produce the tech behind the Lucid Air and wants to see it in other cars. He also said that Lucid’s tech is “more advanced” than Tesla’s. Visit Business Insider's homepage for more stories. Believe what you want about trickle-down as it applies to economics, but it's a tried-and-true method in cars. Lucid Motors, the new EV startup on the scene, isn't just bringing ...
Tags: Transportation, US, Trends, General Motors, Tesla, Ford, Autos, Air, Volkswagen, Honda, Lotus, EVs, Cto, Tesla Model S, Lucid, CEOs


CEOs with uncommon names implement unconventional strategies, says study

"Using 19 years of data on 1,172 public firms, we show that firms' distinctive strategies are systematically linked to their CEOs' uncommon names," write the authors of a new study published in Strategic Management Journal. The reason? People with "uncommon names tend to have a self‐conception of being different from their peers." From the report's managerial summary Using 19 years of data on 1,172 public firms, we show that firms' distinctive strategies are systematically linked to their ...
Tags: Post, News, Studies, Journals, Names, CEOs


Meet Netflix billionaire Reed Hastings, who has spent millions on education reform, takes 6 weeks of vacation every year, and says he has no hobbies outside of work

Netflix co-CEO Reed Hastings says he has no hobbies outside of his work. Ore Huiying/Getty Images for Netflix After racking up $40 in late fees at a traditional video rental store, Reed Hastings co-founded Netflix and made $5 billion in the process.Before founding Netflix, Hastings spent one year teaching in Swaziland with the Peace Corps and another as a door-to-door vacuum salesman.Hastings' philanthropic efforts are focused on education, including a $120 million donation to fund scholars...
Tags: Google, Facebook, Media, Colorado, California, France, Life, Stanford, Senate, Boston, Careers, America, Barack Obama, Trends, Joe Biden, Features


Uber CEO: We Can All Agree This Is the Government’s Fault

Earlier today, Uber CEO Dara Khosrowshahi took a break from overseeing the company’s current legal struggles to roll out his latest argument as for why his company’s thousands of drivers across the country shouldn’t, in fact, be considered employees. Read more...
Tags: Uber, Science, Labor, Gig Economy, CEOs, Dara Khosrowshahi


No U-Turns in Ford’s Future, Farley Says

After being named as Ford’s next CEO, the automaker’s current chief operating officer, Jim Farley, says the company is on the proper course, with no need to reverse the tech-driven direction taken under the outgoing Jim Hackett. Speaking to Reuters, Farley said the hunt for new revenue streams in a rapidly evolving technological landscape will […] The post No U-Turns in Ford’s Future, Farley Says appeared first on The Truth About Cars.
Tags: Ford, Autos, Farley, Jim Hackett, CEOs, Jim Farley, News Blog, Product Planning, Executive Shuffle, Reuters Farley


BREAKING: Ford CEO Jim Hackett to Retire; Farley Tapped As New Boss

A bombshell just landed from Ford, as the automaker announced the impending retirement of CEO Jim Hackett and his replacement by Chief Operating Officer Jim Farley, effective October 1st. Ford said Tuesday that Hackett, 65, whose tenure has been the subject of much speculation and criticism as the company navigates wildly turbulent waters, “elected” to […] The post BREAKING: Ford CEO Jim Hackett to Retire; Farley Tapped As New Boss appeared first on The Truth About Cars.
Tags: Leadership, Ford, Autos, Farley, Executives, Jim Hackett, Hackett, CEOs, Jim Farley, News Blog, Executive Shuffle


Cross-Channel Job Hunt: Fired by Renault, Former Boss Lands at Jaguar Land Rover

An Indian-owned British automaker is about to land a French boss. On Tuesday, Jaguar Land Rover parent Tata Motors announced the hiring of Thierry Bolloré, former CEO of Groupe Renault, as the automaker’s new CEO, replacing the retiring Sir Ralf Speth. The new boss arrives on September 10th. Bolloré was ousted from his perch at […] The post Cross-Channel Job Hunt: Fired by Renault, Former Boss Lands at Jaguar Land Rover appeared first on The Truth About Cars.
Tags: UK, Autos, Jaguar, Jaguar Land Rover, Renault, Tata Motors, Thierry Bollore, Executives, CEOs, Bollore, JLR, Groupe Renault, Ralf Speth, News Blog, Cross Channel Job Hunt