Success
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This CEO pays $1.7 million a year so employees can live in one of America’s most expensive neighborhoods
Tech companies are famed for padding their six-figure jobs with flashy perks: lavish retreats, unlimited PTO, and offices outfitted with slides and sleep pods. One AI start-up, Rilla, is even helping foot the bill of its workers’ biggest expense: housing. The company splashes out $1.7 million annually in housing stipends. And it’s part of a…
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Anduril founder Palmer Luckey warns the U.S. university system is falling behind China’s: ‘It generates a lot of worker bees’
As competition between the U.S. and China intensifies in artificial intelligence and advanced manufacturing, Anduril founder Palmer Luckey believes the real battle isn’t just over technology—it’s over who is training the world’s best students. The 33-year-old defense tech leader argued that American universities have drifted away from teaching practical skills, leaving China with a growing…
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Billionaire John Arnold has already donated nearly half his wealth. Now he’s funding a hunt for the health risks of sports betting.
Billionaire philanthropist John Arnold has spent years actually sticking to the Giving Pledge, which many others in his cohort have failed to follow through on. As of February, he and his wife, Laura, had donated more than $2.3 billion, mainly to criminal justice and education causes, according to Forbes. But now Arnold Ventures, the foundation…
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AI start-ups are snubbing entry-level talent in favor of Silicon Valley men with top degrees, research shows
Tech companies like Meta and Google have built a reputation for snatching up talent before they’re out of college, and sticking them into six-figure roles. But now, the incoming wave of new AI start-ups are turning away young, digital native workers in favor of their veteran colleagues. According to researchers at Harvard Business School and…
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He went from working in a factory to being rich enough to retire at 32—but 3 decades later, this millionaire still works and takes public transport
Bill Holland achieved what many people spend their entire careers chasing: by age 32, he had made enough money to retire for good. But over three decades later, the now-67-year-old still hasn’t hung up his hat. The former CEO of CI Financial, one of Canada’s largest investment management firms, didn’t take a conventional path to…
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Despite a $220 million net worth, Rafael Nadal says he won’t retire because he hates waking up to no plans—so he’s opened a chain of hotels instead
Rafael Nadal doesn’t want to be your average retiree. For most people, retiring with millions in the bank is the kind of dream that ends with a lifetime of lie-ins and leisure. But not Nadal. After over two decades of competing, the Spaniard wrapped up one of the greatest tennis careers in history—22 Grand Slams,…
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Ex-PepsiCo CEO Indra Nooyi worked from midnight until 5 a.m. as a receptionist to pay for her Yale degree—and she says ‘respect went up’ because of it
When former PepsiCo CEO Indra Nooyi arrived in the U.S. in the late 1970s to study graduate-level management at Yale University, she was a self-described “misfit” from India. Instead of adjusting to the rhythms of college nightlife, Nooyi was working the midnight-to-5 a.m. shift as a dormitory receptionist before heading to class each morning to…
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Billionaire Mark Cuban says it’s ‘embarrassing’ to not pay employees well—and a $20 minimum wage should be standard
In some U.S. states, workers bring home just $5.15 for each hour of hard work bussing tables, stocking store shelves, and flipping burgers. And as more companies boast record profits and trillion-dollar market caps, tens of millions of Americans living below the poverty line are questioning if they’ll ever get in on the success. Billionaire…
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Despite return-to-office-crackdowns, remote work is alive and well as the rate has barely changed over the last two years
For more than a year, Corporate America has projected confidence that remote work was nearing its end. Amazon ordered employees back to the office five days a week last year. Meanwhile CEOs like JPMorgan’s Jamie Dimon and Tesla’s Elon Musk have repeatedly criticized work-from-home. Yet despite the headlines, the American workplace has barely changed. Nearly…
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He used to work 90-hour weeks and lost ‘years’ of his life. Now the US Polo Assn. CEO clocks off at 5:30 p.m. and won’t text his team on weekends
The average CEO pulls 62-hour workweeks—around 10 hours a day plus a few more on the weekend. And they’re even at it on holiday. For workers, it can mean a steady stream of out-of-hours demands, whether they’re on duty or not. But after losing “years” of his life to overworking, you won’t catch U.S. Polo’s…