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There are now more women CEOs of Fortune 500 companies than ever before — but the numbers are still distressingly low

Lauren Hobart, CEO of Dick's Sporting Goods Ben Gabbe/Getty Images Dick's Sporting Goods recently announced Lauren Hobart would become the company's CEO, raising the number of women leading Fortune 500 companies to 41. Her appointment follows news of other women taking the helm at top companies, like Karen Lynch at CVS Health, Jane Fraser at Citigroup, and Linda Rendle at Clorox.  Yet, only three women on the list of Fortune 500 female CEOs are women of color, according to Fortune.  Vi...
Tags: Trends, Citigroup, Hobart, Cvs, Dick, Mckinsey, Sporting Goods, Clorox, Jane Fraser, Advanced Micro Devices, Sonia Syngal, Karen Lynch, Lauren Hobart, Ed Stack, Joey Wat, Marguerite Ward


Lloyds has named Charlie Nunn, a senior banker at rival HSBC, as its next chief executive

Charlie Nunn, head of wealth and personal banking at HSBC. Simon Dawson/Reuters Lloyds Bank named Charlie Nunn, head of wealth and personal banking at rival HSBC, as its next CEO on Monday. Current Lloyds boss Antonio Horta-Osorio is stepping down in 2021 after a decade at the bank. Nunn may not take up his new job for almost a year from now, because of his notice period and other restrictions. If Horta-Osorio leaves first, CFO William Chalmers could step in as interim CEO, Lloyds said. Nu...
Tags: Finance, Banks, Trends, Banking, Britain, Hsbc, Lloyds Banking Group, Accenture, Lloyds, Colin Jackson, Mckinsey, HSBC Holdings Plc, KBW, William Chalmers, Nunn, António Horta Osório


MIT breakthrough in deep learning could help reduce errors

MIT researchers claim that deep learning neural networks need better uncertainty analysis to reduce errors. "Deep evidential regression" reduces uncertainty after only one pass on a network, greatly reducing time and memory. This could help mitigate problems in medical diagnoses, autonomous driving, and much more. We've all seen the movies: a mad genius creates breakthrough artificial intelligence only to have it turn on them—and humanity. Midway through the film, the robots are taking over. B...
Tags: Facebook, Europe, Technology, Russia, Mit, Artificial Intelligence, Medical Research, Engineering, Innovation, Oxford, Machine Learning, Clarke, Ai, Derek, Mckinsey, Eddy


Conservative news upstarts are looking to cash in on Trump's viewers

Hi! Welcome to the Insider Advertising daily for November 24. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected]'s news: Conservative news upstarts look to cash in on Trump, Snap will pay creators, and consulting startups take on Deloitte and McKinsey. Tucker Carlson speaks onstage during Politicon 2018 at Los Angeles Convention Center on Oct...
Tags: Media, Instagram, Advertising, Marketing, Trends, Snapchat, Netflix, New York Times, Fox News, Deloitte, Influencer Marketing, Snap, Trump, Mckinsey, John Cardillo, WGN


Management consulting salaries revealed: How much top firms like McKinsey and PwC pay everyone from interns to C-suite execs

Boston Consulting Group office in Hudson Yards, New York. Sarah Jacobs/Business Insider Management consulting is a highly competitive industry — with highly competitive pay. The consulting industry has taken a hit since the start of the coronavirus pandemic. Over the last several months, firms had to halt business travel, adopt remote work tools, and adjust to the new normal while simultaneously serving corporate clients. But many are still hiring for 6-figure jobs. Nearly all of the consul...
Tags: Finance, Careers, Trends, Pwc, Consulting, Deloitte, Kpmg, Ey, Teaser, Bain, Mckinsey & Company, Mckinsey, Boston Consulting Group, Bain BCG, US Office of Foreign Labor Certification, Subscriber Collection


Success isn't just about climbing the corporate ladder. Here's why 24 entrepreneurs quit their corporate jobs to start their own companies.

Ronda Fraley, founder of The Wine Party Co. Ronda Fraley Dreamers & Doers is a networking community of female entrepreneurs, creatives, and change-makers. Many of its members quit their corporate jobs to start their own companies. For some women who were starting families, being their own boss gave them the flexibility and autonomy that traditional jobs could never give them. Others knew they could make a bigger impact in marginalized communities if they pursued their own passions and init...
Tags: San Francisco, Trends, Amelia Earhart, Bronx, Kate, Sarah, Mckinsey, Blume, Mount Sinai Hospital, Transylvania, Bain Company, Mellody Hobson, Fraley, Ariel Investments, Afro Latina, Bace


New Goldman partners — Vista Equity Partners loses $100 million investment — Top family-office recruiters

Happy Saturday!Goldman Sachs announced a new class of partners for 2020 this week, awarding partner status to 60 people worldwide.Seven out of the 19 new partners in the investment-banking division came from the TMT (technology, media, and telecommunications) group. You can see the full list here. And Reed Alexander and Dakin Campbell chatted with some of the brand-new partners to learn what it's like to get the call from CEO David Solomon inviting them to one of Wall Street's most exclusive gro...
Tags: New York, US, Trends, Vista, Canada, Ubs, Goldman Sachs, Salt Lake City, Smith, Blackstone, Paul Tudor Jones, Mckinsey, Robert Smith, Solomon, Avery Dennison, Vista Equity Partners


Venture firm M13 names former Techstars LA managing director, Anna Barber, as its newest partner

The Los Angeles and New York-based venture firm M13 has managed to nab former Techstars LA managing director, Anna Barber, as its newest partner and the head of its internal venture studio, Launchpad. Designed to be a collaborative startup company incubator alongside corporate partners, Launchpad focuses on developing new consumer tech businesses focused on M13’s main investment areas: health, food, transportation, and housing. For Barber, the new position is the latest step in a professional...
Tags: Food, TC, Business, New York, Entrepreneurship, La, Articles, Los Angeles, Tech, Economy, Procter & Gamble, Anna, TechStars, Mentorships, Barber, Head


Wall Street's WhatsApp problem — Tiger Global brings in a McKinsey recruiter — Vaccine distribution hurdles

Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell of the trading session in New York Reuters The markets have come back down to Earth after a wild Monday. Some additional details about a potential Pfizer vaccine have also come out, which illustrate how complex a process it will be to widely distribute.If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.We're also launching...
Tags: US, San Francisco, Trends, Earth, Biden, Tiger Global, Citi, Mckinsey, NEW YORK Reuters, Avery Dennison, Fannie Mae, New York Stock Exchange NYSE, Brian Armstrong, Spruce Point Capital, Sean Czarnecki, Rebecca Ungarino


We Know Diversity is Good for Business, So Why Do Corporate Leaders Remain Predominantly White and Male?

An examination of diversity in senior leadership roles at America’s top companies Diversity is more than just a buzzword, it’s a recipe for corporate success. Multiple studies have shown that a more diverse workforce in terms of age, gender, ethnicity, as well as veteran, disability, and LGBTQIA+ status can bolster innovation.i A more diverse corporate talent pool is a competitive advantage not only because it helps companies create better products but because it helps them attract and retain...
Tags: Featured, US, America, Diversity, United States, Bloomberg Businessweek, John, The New York Times, Workplace Diversity, The Washington Post, Harvard Business Review, James, Mckinsey, McKinsey Co, William H Frey, David Rock


4 steps diversity and inclusion consultants recommend for hiring more Black and brown employees — and keeping them long term

Getting people from marginalized backgrounds in the door at your company is just the start of an effective diversity, equity, and inclusion plan. Shannon Stapleton/Reuters American business leaders are promising changes to address racism in the US, including plans to diversify their workforces.  But these plans will fall short if companies don't make Black and brown employees feel valued, multiple diversity, equity, and inclusion (DEI) experts told Business Insider.  Successful DEI plans a...
Tags: Google, Buzzfeed, US, America, Trends, Equity, Black, Mastercard, Trump, Mckinsey, Jpmorgan, Tucker, Boston Scientific, Boston Consulting Group, Shannon Stapleton Reuters, Quintanilla


BioRevolution Could Reach $4 Trillion Per Year in the 2030s

McKinsey forecasts a biotech revolution will improve human health and transform agriculture and food, consumer products and services, and materials and energy production. Advances in biological... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Innovation, Mckinsey


UBS joins forces with private equity firm Partners Group to give wealthy clients access to private markets

The UBS logo sits at the entrance of the its headquarters Harold Cunningham/Getty Images Swiss bank UBS and private equity group Partners Group said they would team up to offer wealthy clients access to private markets. Private markets offer access to companies that do not yet trade publicly, as well as real-estate and infrastructure projects and vehicles such as buyouts. In the past, only the very rich have really had access to them. "This collaboration will broaden our clients' access to...
Tags: Asia, Europe, UK, Finance, Trends, Markets, Investment, Switzerland, Ubs, Private Equity, Goldman Sachs, Mckinsey, Wealth Management, Partners Group, Sergio Ermotti, Asset Management


Walmart's advertising business is rattling agencies

Hi! Welcome to the Insider Advertising daily for October 30. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected]'s news: Walmart rattles agencies, WPP hires McKinsey for five-year plan, and CEOs field investor questions about influencers. Walmart president and CEO Doug McMillon Rick T. Wilking/Getty Images Walmart is trying to build a big...
Tags: Media, Advertising, Marketing, Trends, Walmart, David, Biden, American Eagle, Influencer Marketing, WPP, Trump, Mckinsey, Reuters, Kohl, Amazon Read, Advertising Agencies


4 alternative ways to reward employees when your company is tight on cash

Raising salaries and compensation aren't the only ways to improve job satisfaction and retention. Thomas Barwick/Getty Images Non-monetary rewards can encourage intrinsic motivation in employees, a powerful trait that improves commitment, job satisfaction, and performance. If your company is short on cash, try to instead offer your workers more one-on-one mentoring, personal feedback, and new opportunities to grow.  When you give employees the flexibility and autonomy to do their job, ...
Tags: US, Trends, Mailchimp, Robert Half, Mckinsey, University of Birmingham, Maria Haggerty, Thomas Barwick Getty, Carl Greenberg


How to address inequality exposed by the COVID-19 pandemic

Darrell M. West Contributor Share on Twitter Darrell M. West is Vice President and Director of Governance Studies at The Brookings Institution. John R. Allen Contributor John R. Allen is President of The Brookings Institution. The novel coronavirus has accelerated the use of many digital technologies. Forced in the spring to close their doors, most K-12 schools and universitie...
Tags: Health, TC, Column, Fcc, Education, Opinion, Government, America, Tech, Diversity, Policy, United States, Federal Communications Commission, Inequality, Voice, Online Education


What employers can learn from Wells Fargo’s failure to recruit and retain Black talent

We’ve all seen the quotes from Wells Fargo’s CEO in a June memo in which he blamed the bank’s failure in reaching diversity goals on a lack of qualified minority talent. “While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from,” he stated. Keirsten Greggs He’s right. This is just an excuse. In addressing this topic internally, Scharf chose not to dig to uncover why his organization has failed to recruit and retain Bla...
Tags: Workplace Diversity, Wells Fargo, Mckinsey, EEO, Diversity Training, Scharf, George Floyd, Keirsten Greggs, Recruiter LLC, DEIB, PR So Black


Some working mothers have been more productive during the pandemic. It's because their partners started pitching in at home.

Samantha Lee/Business Insider Some men have started contributing more at home during the pandemic. Morsa Images/Getty Images Women's careers have suffered during the pandemic.The earliest research on how women — especially mothers — have fared these past few months paints a dismal picture. In September alone, 865,000 women dropped out of the workforce, compared to 216,000 men, according to data from the Bureau of Labor Statistics. A September report from McKinsey and Lean In found...
Tags: Family, Gender, Women, Trends, Strategy, Work Life Balance, Bureau of Labor Statistics, Caregiving, Nordic, Mckinsey, Boston University, Rutgers, Rutgers University, McMaster University, New Jersey City University, Shana Lebowitz


3 myths about being sensitive and showing emotion in the workplace

Showing emotions at work can actually make you a more powerful leader. Getty Images Melody Wilding is an executive career coach who helps people navigate their careers confidently and find lasting work-life balance. She says common myths about not expressing emotion at work may cause you to minimize your thoughts and feelings and stifle creativity. Ignoring your emotions can backfire. Instead, learning how to express your feelings with intelligence and depth will make your colleagues feel ...
Tags: Google, Facebook, Trends, Morgan Stanley, Mckinsey, Insider Inc, Getty Images Melody Wilding, Intel Unilever


I'm a chief human resources officer at an over 70,000-person company where 72% of staff are women. Here's how we're making sure they're supported in their careers.

Getty Images Maxine Carrington is deputy chief human resources officer at Northwell Health, New York's largest healthcare system and private employer. She says that while the pandemic is hopefully short-lived, the impact that it's had on working mothers in the workplace will not be. Employers need to step up and support women where they are, from focusing on their well-being to offering backup care options. Visit Business Insider's homepage for more stories. It's not easy for women to jug...
Tags: Work From Home, Careers, Trends, Strategy, Nordic, Mckinsey, Northwell Health, Working Parents, Women At Work, Northwell, COVID, Northwell Health New York, Contributor 2019, Original Contributor, Maxine Carrington, Maxine Carrington Courtesy of Maxine Carrington


Trump's campaign nearly went broke for the 2020 homestretch, insiders say

Hello everyone! Welcome to this weekly roundup of Business Insider stories from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.Read on for the inside story on the Trump campaign's finances, Anand Giridharadas lambasting corporate board members, and a new threat to the management consulting industry. US President Donald Trump looks on as he departs a rally at Toledo Express Airport in Swanton, Ohio on September 21, 2020. MANDEL NGAN/AFP via Ge...
Tags: Amazon, Politics, New York, Instagram, New York City, US, Trends, Gop, Bill Gates, Citigroup, Republican, Giuliani, Donald Trump, Goldman, Coinbase, Expedia


Trump’s latest immigration restrictions are bad news for American workers

Jay Srinivasan Contributor Share on Twitter Jay Srinivasan is co-founder and CEO of atSpoke. I’m an immigrant, and since arriving from India two decades ago I’ve earned a Ph.D., launched two companies, created almost 100 jobs, sold a business to Google and generated a 10x-plus return for my investors. I’m grateful to have had the chance to live the American dream, becoming a proud American citizen and creating prosperity for o...
Tags: Google, Startups, TC, Column, Europe, Opinion, Government, India, US, America, Tech, Diversity, Bank Of America, Dhs, Policy, United States


Merging Airbnb and the traditional hotel model, Mexico City’s Casai raises $23 million to grow in Latin America

With travel and tourism rising across Latin America, Casai, a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America. The company, which initially was as hit hard by regional responses to the COVID-19 pandemic as other businesses in the hospitality industry has recovered to reach nearly 90 percent of total capacity on the 200 units it manages around Mexico City. The company was co-founded by chief executive Nico...
Tags: Travel, Google, TC, Real Estate, Mexico, Tech, Engineer, Andreessen, Tourism, Mexico City, Sharing Economy, Airbnb, WeWork, Andreessen Horowitz, Financial Services, Laser


Business Travel Decline Due To COVID And Environmental Concerns

by Simone Semprini, CEO & Co-Founder, TourScanner A few months after the world discovered the first Coronavirus case in China, a general lockdown has completely changed the lives of billions of people. It was a surreal situation with over one billion people confined at home. Effect of the lockdown in the travel industry. The measures to prevent the spreading of the virus induced a global reduction of the travel demand. International traveling was forbidden in most countries in the world, and ...
Tags: Startups, China, Environment, United States, Business Travel, Mckinsey, World Travel Tourism Council, Simone, Thinking Aloud, Coronavirus, Simone Semprini, China Environmental


South Korea pushes for AI semiconductors as global demand grows

The South Korean government has made no secret of its ambition to be a key player in the global artificial intelligence industry, including making the semiconductors powering AI functionalities. This week, the country’s information and communications technology regulator announced plans to develop up to 50 types of AI -focused system semiconductors by 2030, Yonhap News Agency reported. The government will be on the hunt for thousands of local experts to lead the new wave of innovation. South K...
Tags: Asia, South Korea, China, Samsung, Tech, Artificial Intelligence, Korea, Nvidia, Ai, Baidu, Mckinsey, Yonhap News Agency, Moon Jae, AI chips, Horizon Robotics, Yonhap Samsung


Why companies need to make sustainability a priority and treat it like the next stage of digital transformation

Junta Nakai is the global industry leader for financial services at DatabricksJunta Nakai is the global industry leader for financial services at Databricks, a big data and AI company valued at $6.2 billion. Junta Nakai Junta Nakai is the global industry leader for financial services at Databricks, a big data and AI company valued at $6.2 billion. In this op-ed, Nakai details the benefits of companies undergoing a sustainable transformation that will allow for a more future-proof business ...
Tags: Americas, US, Trends, Goldman Sachs, Kpmg, Fortune, Equities, Databricks, Marc Benioff, Mckinsey, Lululemon, Carlyle, Alan Murray, Nakai, Junta Nakai, Asia Pacific Sales


Stakeholder capitalism requires companies to undergo a sustainable transformation

Junta Nakai is the global industry leader for financial services at DatabricksJunta Nakai is the global industry leader for financial services at Databricks, a big data and AI company valued at $6.2 billion. Junta Nakai Junta Nakai is the global industry leader for financial services at Databricks, a big data and AI company valued at $6.2 billion. In this op-ed, Nakai details the benefits of companies undergoing a sustainable transformation that will allow for a more future-proof business ...
Tags: Americas, US, Trends, Goldman Sachs, Kpmg, Fortune, Equities, Databricks, Marc Benioff, Mckinsey, Lululemon, Carlyle, Alan Murray, Nakai, Junta Nakai, Asia Pacific Sales


Effective approaches to cut costs and boost productivity at your hotel | By Bogdan Romashko

Оver the past years, the tourism sector has become vital for the success of many economies across the world. According to McKinsey, it made up 10% of global GDP in 2019 and was worth nearly $9 trillion. It is almost three times larger than agriculture.
Tags: Travel, Mckinsey, Bogdan Romashko


Wall Street invests in studio space — Tech disrupting consulting — Winners and losers amongst hedge funds

Maks Ershov/Shutterstock Welcome back!US bank earnings are this week, so worth keeping an eye out for those.If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.We are also looking for nominations for our first-ever Rising Stars of Real Estate. Get all the details on how to apply here.Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected] or on Twitter @DanDe...
Tags: US, Trends, Paris, Bill Ackman, Coinbase, Mckinsey, Daniel, Casey, Paul Weiss, BCG, Lee Ainslie, Winton, Eaton Vance, Casey Sullivan, Getty Images Here, Vivatech


Hedge fund winners and losers — Morgan Stanley's shopping spree

Happy Saturday!Just six days after Morgan Stanley closed on its all-stock E-Trade acquisition, the Wall Street bank said this week that it will buy Eaton Vance in a deal valued at $7 billion. Rebecca Ungarino took a look at why Morgan Stanley's bid for the storied asset manager gives it a leg up on rivals and signals more deals to come across the industry. She and Bradley Saacks also mapped out 4 asset-management firms that could be the next target as consolidation pressures mount and other bank...
Tags: Instagram, Congress, Softbank, New York City, US, Trends, Joe Biden, SEC, Ibm, Silicon Valley, Goldman Sachs, Bill Ackman, Lebron James, Donald Trump, Morgan Stanley, Fis