New Study Challenges the Effectiveness of DEI Initiatives on Corporate Profits

tftc.io A recent study published in Econ Journal Watch has cast doubt on the long-held belief that diversity, equity, and inclusion (DEI) initiatives in the workplace lead to…

This Leadership Technique is the Secret to Team Performance

entrepreneur.com Through my experience in business, I've found one particular leadership technique that works better than others. Opinions expressed by Entrepreneur contributors are their…

New Study Calls Into Question Whether DEI Programs Really Boost Corporate Earnings

zerohedge.com New Study Calls Into Question Whether DEI Programs Really Boost Corporate Earnings Authored by Jonathan Miltmore via The Epoch Times (emphasis ours), It’s safe to say that…

Some Gen Z interns at Big Tech and consulting giants are already earning six-figure salaries, Glassdoor data shows

aol.com New data from Glassdoor has shattered the notion that lucrative careers require years of toil. Instead, a select group of fortunate graduates are securing the equivalent of…

Citigroup, Wall Street’s biggest loser, is at last on the up

economist.com Unmanageable and uninvestible. That is how investors have long considered Citigroup. For over a decade the bank, which was once the largest and most valuable in America, has…

Luxury tycoon Bernard Arnault just put 2 more of his nepo baby kids on the LVMH board

aol.com None LVMH boss Bernard Arnault is currently the world's richest person. • None Arnault has five children — and they all work across LVMH and its brands. • None On Thursday,…

Some interns at Big Tech and consulting giants are already earning six-figure salaries

fortune.com New data from employer review site Glassdoor has shattered the notion that lucrative careers require years of toil. Instead, a select group of fortunate graduates are…

Wall Street’s biggest loser at last looks to be on the up

economist.com Unmanageable and uninvestible. That is how investors have long considered Citigroup. For over a decade the bank, which was once the largest and most valuable in America, has…

Why the stockmarket is disappearing

economist.com The law of supply and demand is one of the first things that students of economics learn. When the price of something goes up, producers bring more to market. What, then, is…

I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered

businessinsider.com A former McKinsey & Company associate (not pictured) shares their experience working at the consulting giant and why they left. Abrice Cofrini/AFP via Getty Images; iStock;…

Can lorries go green faster?

economist.com YOU MAY think that if you splashed out $100,000 for a vehicle you would take delivery of something flash—a Porsche, say. In fact, many such buyers care less about the badge…

Japan’s semiconductor toolmakers are booming

economist.com Corporate Japan, long snubbed by investors, has been the source of much attention lately. That is especially so for the country’s manufacturers of chipmaking tools. On…

Stanford Report: Human Oversight Boosts AI Gains

pymnts.com What a difference 10 years makes. Just a decade ago, artificial intelligence couldn’t understand language or images; now it can. AI is also revolutionizing workforce…

Digital Ruble Rollout Will Cost Russian Banks $536m a Year

cryptonews.com Digital ruble rollout plans could cost the Russian banking sector a total of $536 million per year, financial analysts have claimed. Per Forbes Russia, the nation’s retail…

I was a consultant at McKinsey. Here's the frustrating way they pushed me out

aol.com None He said he was forced out as the firm grappled with declining client demand and too many hires. This is an as-told-to conversation with Ezra Gershanok, a former…

Music Companies Want Superfans to Spend More, But Consumer Debt Is Up

billboard.com As growth slows in large, developed markets, music companies are looking elsewhere for opportunities. Increasingly, companies are targeting superfans, the most fervent and…

Sephora manager explains how easy it is to get banned from popular perk

thestreet.com If you paused to consider some of the fastest growing sectors of the modern economy right now, you might venture a guess that it's artificial intelligence, the health care…

What China’s EV buyers’ remorse means for the world

semafor.com The News China is the most important country in the world when it comes to the future of electric vehicles: It accounts for about 60% of all global EV sales, its market for…

$10 Billion Productivity Startup Notion Wants To Build Your AI Everything App

forbes.com Notion cofounder Ivan Zhao captivated Silicon Valley investors and everyday consumers alike with a sleek productivity app that went so viral its servers crashed. Now, the…

Sweden's Renewcell set out to enhance the sustainability of the fashion industry, but it filed for bankruptcy just a year later

fortune.com When Renewcell AB opened its inaugural commercial factory in 2022, it was hailed as a beacon of hope for a more sustainable future in fashion. Launched in a repurposed paper…

McKinsey to cut hundreds of jobs as consultancy demand weakens

euronews.com The consultancy giant is planning for another series of lay-offs following a pandemic hiring boom. American multinational McKinsey is preparing to cut around 360 jobs across…

Gen Z is full of financial angst despite inheriting a golden labor market

cnn.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Gen Z is coming into the workforce and…

The Managerial Crisis Is A Systemic Crisis

tftc.io Videos of Boeing planes disintegrating in real time have taken the internet by storm over the first few months of the year. It feels like we can't go two days without…

‘I cannot afford to live’: Gen Z is full of financial angst despite inheriting a golden job market

aol.com Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Gen Z is coming into the workforce and…

U.S. electric utilities brace for surge in power demand from data centers

theglobeandmail.com U.S. electric utilities predict a tidal wave of new demand from data centres powering technology like generative AI, with some power companies projecting electricity sales…

US electric utilities brace for surge in power demand from data centers

aol.com U.S. electric utilities predict a tidal wave of new demand from data centers powering technology like generative AI, with some power companies projecting electricity sales…

Have McKinsey and its consulting rivals got too big?

economist.com AN ANONYMOUS MEMO briefly circled the web in March. The authors, who claimed to be former partners at McKinsey, rebuked the illustrious strategy consultancy for its pursuit…

More women are getting onto corporate boards. Good

economist.com WOMEN MAKE up half of humankind, and it is reasonable for representative institutions such as corporate boards to reflect this. In 2022 the European Parliament ruled that at…

The false promise of friendshoring

economist.com Each year the 193 member states of the United Nations General Assembly vote on dozens of resolutions, earnestly setting the world to rights. Last month, for example, they…

VMS Software prunes OpenVMS hobbyist program

theregister.com Bad news for those who want to play with OpenVMS in non-production use. Older versions are disappearing, and the terms are getting much more restrictive. The corporation…

The McKinsey Diversity Fog: Getting Effects Backward

city-journal.org Last year, McKinsey & Company released a study purporting to demonstrate that corporations with more diverse leadership—more women and racial minorities in executive…

What happened to agility and new business models? Cloud benefits have all gone to IT

theregister.com The migration of IT workloads to the cloud is benefiting tech departments rather than the wider business, according to a McKinsey survey. The interviews with around 50…

New U.S. ‘green bank’ aims to steer over $160B in capital into climate tech

techcrunch.com New U.S. ‘green bank’ aims to steer over $160B in capital into climate tech For years, banks have been financing large renewable power projects, from utility-scale solar…