Leadership
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Remote-first fintech giant Revolut is making the office compulsory for new Gen Z grads—and they’ll earn flexibility like their peers after one year
After five years of offering staff work-from-anywhere perks, Revolut is pulling back on its “remote-first” policy—but just for some young hires. Now, the London-based company will require fresh-faced graduate workers to come into the office at least three days a week. For years, the business has endorsed envy-inducing flexibility benefits, like allowing staffers to log…
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Wall Street billionaire turned an hour meeting with Disney’s cofounder into an entire day together—all he did was read a report most analysts ignored
It doesn’t matter who you are or where you come from—first impressions can shape an entire career. Just ask Henry Kravis. Long before he had $16.5 billion to his name by cofounding KKR, one of the largest private equity firms in the world, Kravis was a college graduate trying to find his footing on Wall…
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Warren Buffett breaks from a ‘lifetime’ pledge to the Gates Foundation as the Epstein fallout deepens
The Bill Gates-Warren Buffett relationship is fraying. The Oracle of Omaha has reportedly paused his annual gift to the Gates Foundation due to the Microsoft cofounder’s ties to the late sex offender Jeffrey Epstein, according to The Wall Street Journal. People familiar with Buffett’s plans told WSJ Buffett is delaying his decision until later this…
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Target is starting to track employees’ unexcused lateness and absences with a points system—and if they rack up 12, they’re fired
The post-pandemic days of coffee badging and logging in from the couch may be coming to an end. More employers have been rolling out novel ways to keep tabs on workers’ whereabouts. And now, retail giant Target is doubling down on its attendance policy with a new points system. Starting this September, Target will begin…
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Dave Portnoy quit an $80K sales job to start Barstool—he hand-delivered papers in a secondhand van while living with his girlfriend’s mom for 6 years
Before Dave Portnoy was running Barstool Sports, stirring the pot on social media, or even reviewing pizza slices—he was just another recent college graduate with no clear career path. “I was essentially like every other white middle-class dude in the world with a liberal arts degree,” he described in a new book, Cancel Me If…
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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: ‘sadly,’ it makes the world a worse place
MacKenzie Scott has become one of the most affluent philanthropists of our time. After all, she’s given away more than $26 billion during the past few years to thousands of organizations through her organization Yield Giving. While many of her recipients had never received a gift of that size and many have called them life-changing…
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As JPMorgan’s CEO race heats up, the case for a two-person succession contest is put to the test
Companies say they want collaboration. Then comes CEO succession, when the rules seem to change. JPMorgan Chase last week elevated Doug Petno and Troy Rohrbaugh to co-presidents, setting up a direct contest to succeed CEO Jamie Dimon. In doing so, the bank embraced a strategy that many of the world’s biggest companies still rely on…
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Ray Dalio was a ‘terrible student’ who got into investing by golf caddying for Wall Street traders: Now he hires talent who have experienced hardship
Ray Dalio was a self-professed “below average” student, bringing home grades of C-minus on a good day. However, the billionaire investor is now a household name, and says when he is looking to hire talent, he looks for people who have had to overcome obstacles to get opportunities. In a conversation with Harvey Schwartz, CEO…
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AWS CEO says replacing young employees with AI is ‘one of the dumbest ideas’—and bad for business: ‘At some point the whole thing explodes on itself’
Anthropic CEO Dario Amodei has warned of AI displacing entry-level workers, and Ford CEO Jim Farley said the tech will wipe out half of white-collar jobs, but Amazon Web Services (AWS) CEO Matt Garman has a wildly different take on young workers’ fate in the age of AI. Last year, Garman said replacing junior software…
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Cristiano Ronaldo is soccer’s first-ever billionaire: He went from begging for burgers outside McDonald’s to landing a $400 million contract
Cristiano Ronaldo has long been one of soccer’s (or football’s) greatest goal-scorers, dazzling millions of fans at top European clubs including Manchester United, Real Madrid, and Juventus—as well as the all-time top scorer for the Portuguese national team. But he also recently reached another milestone: becoming the sport’s first-ever billionaire. Fueled by lucrative endorsements, savvy…