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CEO Picks - The best that international journalism has to offer!  S14Americans Are Mad About All the Wrong Costs  Four years ago, the coronavirus pandemic kinked the planet’s supply chains, causing shortages of everything from semiconductor chips to box fans. War and drought led to disruptions in commodity markets. Temporary lockdowns and a permanent shift away from offices altered consumers’ purchasing patterns. Families found themselves flush with government stimulus money. A tight labor market drove up wages. Those factors combined meant that families had more money to spend at a time when supply was constrained—and businesses took advantage. The price of everything went up, all at once. And for the first time since the 1980s, inflation became the central economic problem in American life.Now the annual rate of inflation has fallen from a peak of more than 9 percent to just above 3 percent. Retailers are starting to make well-publicized price cuts, seeking revenue by drawing customers in rather than just charging them more. Burger King and McDonald’s are promoting $5 value meals, and Target, Michaels, Giant, Amazon, and Walgreens are slashing the cost of tens of thousands of frequently purchased items such as diapers and cat food.
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S1'Bridgerton' Regencycore Collaborations ThriveâFrom Pajamas To Teacups To Fragrances As the highly anticipated Netflix series Bridgerton unveiled the second-half of its latest season on Thursday, lifestyle brands have ridden the Bridgerton wave with collaborations across fragrance, home decor, sleepwear and beauty products, exceeding sales expectations amid social media buzz and high demand for Regency era-themed experiences.Bath & Body Works launched a Bridgerton-themed collection in March, featuring custom fragrance items like candles and soapsâwhich received a "terrific" response from customers and represented 4% of total company sales during the launch period, exceeding expectations, according to President Julie Rosen during the company earnings call last week.
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S22024 Heat Waves: Record-High Temps From California To FloridaâAnd Heat Dome Forms Over Northeast June 7Las Vegas broke another daily record 15 110 degrees, while Albuquerque’s temperature soared to 113 degrees, a daily high tying the city’s all-time record, and in Florida, Fort Lauderdale and Jacksonville broke their daily records at 95 and 100 degrees, respectively, with Orlando tying a record at 96, and Mobile, Alabama, breaking its all-time daily high at 98.June 6Las Vegas broke its previous record daily high, hitting 111 degrees according to the National Weather Service, and it also tied the record for the earliest day above 110 degrees, while Death Valley, California—one of the hottest places on Earth—recorded a new daily high at 122 degrees, Phoenix broke its daily record high when it hit 113 degrees and Fresno, California, broke a daily record at 107 degrees.
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S3Elon Muskâs prediction that Chinese carmakers would âdemolishâ global rivals is coming true as they overtake U.S. competitors Chinese carmakers sold 13.43 million cars last year, outpacing the 11.93 million cars sold by American companies, according to a report by automotive data company JATO Dynamics. Warren Buffett-backed EV maker BYD produced the most popular Chinese car, a compact sedan called the Qin, and had two other vehicles in the top 25 most sold cars last year. Tesla, for its part, claimed the title of the best selling car in 2023 with the Model Y.“Negligence from legacy automakers, which has resulted in consistently high car prices, has inadvertently driven consumers towards more affordable Chinese alternatives,” Munoz said in a statement. “As car prices continue to rise elsewhere, Chinese car brands are capitalizing on this trend to gain market traction at a much faster pace.”
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S4Workplace incivility is one the rise: 'It's about basic respect' Angela had been in the media industry for over a decade when she began to notice dismissive behaviors from others at a new job. There was rudeness in meetings, gatekeeping of important information, ignoring her contributions in Slack room discussions, and gaslighting about it all, including from a series of managers. It eventually all took a toll. “It affected my self-esteem, big-time,” Angela, who is being identified by her middle name for privacy, tells Fortune. “‘Rude’ isn’t a performance metric. Basic human communication is not a part of what was discussed or expected, but that’s what we’re talking about. To me it’s about basic respect.”
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S5Walmart is Relaunching a Private-Label Fashion Brand to Target Gen-Z Consumers The Bentonville, Arkansas-based company will relaunch its "No Boundaries" clothing line in July, refreshing the 30-year-old, $2 billion brand with products and styles popular with Gen Z consumers. The line will feature 130 pieces, including women's and men's clothing, shoes, and accessories, and is staying low-cost, with 80 percent of the items selling for less than $15. She added that No Boundaries will be focusing on fit, quality, style, and fabrics that resonate with the young adult audience, such as modern shapes like baggy-fitting jeans and fabrics like seamless stretch. To be more inclusive, the fashion line will also expand its sizes, ranging from XXS to 5X in young women's and XS to 3X in young men's.
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S6Businesses Want Insurance for AI Risks, but Insurers Are Still Figuring Out How to Offer It To protect themselves from the unpredictability of life, mother nature, and injuries, responsible businesses turn to general liability insurance policies. As more businesses adopt artificial intelligence in their daily operations, they're looking to insurers to do the calculus on offering protections.McMurtrie explained that most carriers are researching how to bring AI-centered products to market, likely within the next two years. But before that can happen, carriers would have to determine what the risks are and how often they occur, and then generate an appropriate price to cover the cost of that exposure.
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S7Research: The Most Common DEI Practices Actually Undermine Diversity While companies say they champion diversity, there are glaring disparities in diverse representation within managerial ranks. The authors examine the impact of various management practices on diverse representation in managerial roles and how often each management practice is utilized in organizations, shedding light on why organizations are not making greater progress toward diverse representation. Despite not working well for attaining diverse representation, diversity training is widely used in organizations. In contrast, formal mentoring programs and targeted recruitment are effective for increasing diverse representation but are underused. Indeed, the relationship between how often management practices are implemented in organizations and their effectiveness in attaining diverse representation is negative and strong. This article breaks down the practices organizations should utilize to achieve diverse representation, underscoring the need to shift toward practices that increase diverse representation in management.
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S8How to Get Results Quickly After a Merger or Acquisition Delayed and ineffective commercial integration can turn a good deal into a loser, because sales growth ultimately determines whether a merger achieves its value-creation goals. To create value, mergers need top-line gains: More sales to more customers, expansion into new territories or market adjacencies, new products and services to sell to existing customers. But compared to other areas of post-merger activity, the commercial engine starts late, operates uncertainly, and often runs out of gas before reaching its goals. With M&A activity picking up and high interest rates making delay costlier, it’s more important than ever that private equity and corporate acquirers leave the deal table with underwriteable, ready-to-go plans to make deals pay off through growth — and carry those plans out quickly.
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S9S10S11I Spent a Week Eating Discarded Restaurant Food. But Was It Really Going to Waste? It’s 10 pm on a Wednesday night and I’m standing in Blessed, a south London takeaway joint, half-listening to a fellow customer talking earnestly about Jesus. I’m nodding along, trying to pay attention as reggae reverberates around the small yellow shop front. But really, all I can really think about is: What’s in the bag?All week, I’ve lived off mysterious packages like this one, handed over by cafés, takeaways, and restaurants across London. Inside is food once destined for the bin. Instead, I’ve rescued it using Too Good To Go, a Danish app that is surging in popularity, selling over 120 million meals last year and expanding fast in the US. For five days, I decided to divert my weekly food budget to eat exclusively through the app, paying between £3 and £6 (about $4 to $8) for meals that range from a handful of cakes to a giant box of groceries, in an attempt to understand what a tech company can teach me about food waste in my own city.
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S12No Matter How You Package It, Apple Intelligence Is AI While companies like Google, Microsoft, Amazon, and others had been upfront about their efforts in AI, for years Apple had been silent. Now, finally, its executives were talking. I got an advance look one day. Eager to shed the the impression that the most innovative of the tech giants was a laggard in this vital technology moment, its software leader Craig Federighi, services czar Eddie Cue, and top researchers argued that Apple had been a leader in AI for years but just didn’t make a big deal of it. Advanced machine learning was already deep in some of its products, and we could expect more, including advances in Siri. And since Apple valued data security more than competitors, its AI efforts would be distinguished by exacting privacy standards. How many people are working on AI at Apple, I asked. “A lot,” Federighi told me. Another executive emphasized that while AI could be transformative, Apple wanted nothing to do with the woo-woo aspects that excited some in the field, including the pursuit of superintelligence. “It’s a technique that will ultimately be a very Apple way of doing things,” said one executive.That conversation took place eight years ago, when the technology du jour was deep learning AI. But a year after that, a groundbreaking advance called Transformers led to a new wave of smart software called generative AI, which powered OpenAI’s groundbreaking ChatGPT. In an instant, people started judging tech companies by how aggressively they jumped on the trend. OpenAI’s rivals were quick to act. Apple, not so much. Many of its best AI scientists had been working on self-driving cars or its expensive mixed-reality Vision Pro headset. In the last year or so, Apple pulled its talent from such projects—no more autonomous cars—and instead came up with its own gen-AI strategy. And at this week’s Worldwide Developers Conference, Apple revealed what it was up to.
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S13One Satellite Crash Could Upend Modern Life Earlier this year, two satellites from two adversarial countries nearly collided while orbiting Earth at thousands of miles an hour. The first, an American spacecraft on a NASA mission to study the planet’s upper atmosphere, wasn’t built to maneuver in orbit. The second, a Russian surveillance spacecraft, was defunct, and thus uncontrollable. The only thing people on Earth could do was watch. Darren McKnight, a space-debris expert, stayed up all night on February 28, monitoring the trajectories of the satellites, which, combined, weighed several thousand pounds. “I felt very, very helpless,” McKnight told me.According to LeoLabs, the U.S. space-tracking firm where McKnight works, the probability of collision that night was somewhere between 3 and 8 percent. That may not seem so terrible, but risk works a bit differently in the realm above Earth. Satellite trackers like McKnight start sounding the alarm when the probability of a crash reaches 0.001 percent; no one wants to see whole-number or, God forbid, double-digit percentages. In the end, the research spacecraft and the spy satellite ended up passing within just 33 feet of each other. At a recent conference, Pam Melroy, NASA’s deputy administrator, said the near miss was “very shocking” and “really scared us.”
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S15Is Being a Politician the Worst Job in the World? On July 4th—while the U.S. celebrates its break from Britain—voters in the United Kingdom will go to the polls and, according to all predictions, oust the current government. The Conservative Party has been in power for fourteen years, presiding over serious economic decline and widespread discontent. Sixty per cent of Britons now think that the narrow, contentious referendum to break away from the European Union was a mistake. Yet the Labour Party shows no inclination to reverse or even mitigate Brexit. If the Conservatives have destroyed their reputation, why won’t Labour move boldly to change the direction of the U.K.? Is the U.K. hopeless? David Remnick is joined by Rory Stewart, who spent nine years as a Conservative Member of Parliament, and now co-hosts the podcast “The Rest Is Politics.” He left the government prior to Brexit and wrote his best-selling memoir, “How Not to Be a Politician,” which pulls no punches in describing the soul-crushing sham of serving in office. “It’s not impostor syndrome,” Stewart tells Remnick. “You are literally an impostor, and you’re literally on television all the time claiming to understand things you don’t understand and claiming to control things you don’t control.”© 2024 Condé Nast. All rights reserved. The New Yorker may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices
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S16âShoeshineâ Marked a New Era of Political Cinema Though the Second World War continued in Europe through May, 1945, Rome was liberated from Nazi occupation in June, 1944, and most of Italy was liberated by the end of that year. Soon came a revolutionary filmâRoberto Rossellini's "Rome, Open City"âwhich began shooting in January, 1945, using many nonprofessional actors and filmed partly on location. The film told a story of Italian resistance to, and collaboration with, German forces, and of the joint personal and civic tragedies of the occupation. It displayed Rossellini's art of dramatic analysisâof images as embodiments of ideasâand ushered in the movement that came to be called Italian neorealism. The film remains powerful, although it's hard to see, now, what was revolutionary about it. Rossellini's main accomplishment was to hold a mirrorâor, rather, two mirrorsâto Italian society: one that looked back to the country's recent past and another that forced the country to confront the resulting political and moral crises of the present.Vittorio De Sica, an actor and director, followed in the same vein with "Shoeshine," from 1946, which is playing at Film Forum in a new restoration. The Italian title, "Sciuscià ," is a phonetic borrowing from the English word, a fact that spotlights the essence of the story, which is about the many boys who, soon after Rome's liberation, were scrounging for cash by shining shoesâmainly the shoes of occupying American soldiers. The central crisis faced by the two boys at the heart of the filmâand by pretty much everyoneâis poverty, the sheer economic and material deprivations of the immediate postwar period. But the title of the film suggests another crisis: the effects of American occupation, which, however welcome it was in freeing the city and the country from Nazi tyranny, proved in other regards demoralizing and corrupting.
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S17S18S19S20S21Telling new stories can help people see the value of vaccines Nearly nine in 10 Americans strongly believe in the overall value of childhood vaccines. Reflecting the value communities place on them, every state and the District of Columbia require children to get vaccinated against certain diseases before they start school, including measles, mumps, polio, tetanus, whooping cough, and chickenpox.Troubling stories about outbreaks of previously eradicated diseases like measles notwithstanding, most schools are free of vaccine-preventable diseases. This is precisely because vaccination requirements ensure that virtually every child’s immune system has been prepared to recognize and resist these diseases.
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S22NIH needs reform and restructuring, key Republican committee chairs say As investigators continue to gain insight into the early days of Covid-19, the origins of the pandemic may be still up for debate. In addition, congressional investigations into the National Institutes of Health have revealed that scientists have conducted, or have been granted approval to conduct, dangerous experiments with little oversight. And in some instances, they have been intentionally deceptive about research being conducted with taxpayer dollars. NIH officials have consistently resisted transparency at every stage of various congressional inquiries.While most NIH researchers and employees are hardworking people devoted to scientific and medical advancements, this agency’s involvement with the now-debarred EcoHealth Alliance and subsequent cover-up have broken the public’s trust in the agency. It’s time to mend those wounds and rebuild the American people’s trust in the NIH.
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S23How to Solve the Worldâs Refugee Crisis On June 10, a boat carrying 260 Somali and Ethiopian refugees capsized off the coast of Yemen, killing dozens. The number of dead will almost certainly rise. It’s a tragic and underreported event that is part of a larger trend: According to a new report from the U.N.’s refugee agency, UNHCR, more than 7,600 people died or are missing after attempting to cross the Mediterranean Sea over the last three years. On June 10, a boat carrying 260 Somali and Ethiopian refugees capsized off the coast of Yemen, killing dozens. The number of dead will almost certainly rise. It’s a tragic and underreported event that is part of a larger trend: According to a new report from the U.N.’s refugee agency, UNHCR, more than 7,600 people died or are missing after attempting to cross the Mediterranean Sea over the last three years.
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S24Why China Is Sabotaging Ukraine For a moment last August, it seemed that Beijing was finally ready to distance itself from its “no limits partnership” with Moscow. That month, Chinese leader Xi Jinping sent his special envoy for the war in Ukraine, Li Hui, to discuss Ukrainian President Volodymyr Zelensky’s peace formula with diplomats from several countries, including Ukraine and the United States. The formula calls for Russia to withdraw to Ukraine’s 1991 borders, send its war criminals to international tribunals, and pay reparations to Kyiv. The plan clearly represents Kyiv’s favored conclusion to the conflict, and merely by engaging with it, Beijing suggested that it might be ready to play hardball with Moscow.But China’s first public participation in discussions about that formula was also its last. On May 31, Beijing announced that it would not be joining some 90 other countries at a June 15–16 peace summit in Switzerland to debate, based on Zelensky’s proposal, how to end the war. The Chinese Foreign Ministry spokesperson, Mao Ning, explained that Beijing would attend the summit only if Russia were a participant and if any plan presented would receive a hearing. For Ukraine, both requirements are nonstarters.
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S25What causes multiple sclerosisâand why are women more at risk? But Applegate’s symptoms didn’t stop there. Lesions in her brain caused pain all over her body. She began to experience depression, too. “I don’t enjoy living…I don’t enjoy things anymore,” Applegate said on the June 4 episode of her podcast, MeSsy. “It feels really fatalistic,” she said. MS affects the central nervous system, the brain and spinal cord. The immune system attacks sheaths of a material called myelin that surround nerve fibers. Like insulation on wires, myelin protects nerves and helps transmit signals. But when myelin deteriorates, the nerve fibers underneath are exposed. This disrupts the brain’s communication and leaves behind lesions, which can cause a myriad of symptoms as the disease progresses.
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S26These destinations offer kayakers a unique adventure: underground paddling Descending into a chasm on the side of an eastern Kentucky mountain might not sound like an epic start to a kayaking expedition. Yet, here in the heart of the Red River Gorge Geological Area, a 29,000-acre canyon system home to sandstone arches, cliffs, and abandoned mines, it is the best way to experience water without the crowds. Our guide, JP Stamper, leads down into a chilly cavern with a life jacket, helmet, and paddle in hand. Flashlights flicker on as we navigate around icy water cascading from the mine’s ceiling, 40 feet above. Venturing deep underground on water might seem daunting to some, but there’s an overwhelming sense of calm that accompanies floating over still water, in surreal silence.
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S27Microrobots Made Of Algae Carry Chemo Directly To Lung Tumors Our biohybrid microrobot – called algae-NP(DOX)-robot– combines microscopic, live green microalgae commonly used in pharmaceuticals, Chlamydomonas reinhardtii, with nanoparticles coated with red blood cell membranes. The cell membranes act as a natural “camouflage” to enhance the microrobot’s biocompatibility and prevent it from being attacked by the patient’s immune system. Within the nanoparticles is a common type of chemotherapy drug called doxorubicin.We tested our algae-based microrobots in mice with lung metastases. By administering these algae-based microrobots through the trachea, we could transport the drug directly into the lungs and minimize side effects to other organs. Once in the lungs, our algae-based microrobot could swim and distribute the drug across lung tissue. It could also evade destruction by immune cells in the lungs, allowing the drug to be gradually released from the nanoparticles.
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S28The $20 Billion Treasures of the San José Wreck Will Soon Be Saved Of all shipwrecks throughout history, one stands out for its sought-after treasures — sitting at the bottom of the Caribbean Sea, the San José galleon contains an estimated $20 billion worth of gold, silver, and emeralds and is aptly dubbed the "holy grail" of shipwrecks. For years, multiple parties have coveted its treasures, becoming embroiled in disputes over ownership of the sunken ship. As new developments unfold — such as a recent pledge by the Colombian government to retrieve parts of the ship and its goods — historians have taken this opportunity to revisit the galleon’s war-torn past. In doing so, they hope to learn about the stories of the San José's passengers who perished back in 1708.
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S29S30S31S32S33Ask Ethan: Is the Universe finite or infinite? Whenever we look out at the Universe, no matter how powerful our tools or how clever our techniques, there’s always a limit to what we’re capable of observing. No photons, or quanta of light, can be seen beyond the cosmic microwave background: a curtain of light that marks the first formation of stable, neutral atoms, occurring 380,000 years after the hot Big Bang. Prior to that, there is a neutrino signature — the cosmic neutrino background — that was emitted just 1 second after the hot Big Bang, and a theorized gravitational wave background, generated by the inflationary phase that set up and preceded the hot Big Bang, that is potentially detectable as well.But all of these signals are fundamentally limited: by the amount of time they’ve been propagating and the fundamental limit at which an information-carrying signal can travel: the speed of light in a vacuum. That sets the ultimate limit of what’s in our observable Universe, and whatever part is unobservable, beyond that, can only be inferred, not directly measured. So what does that mean for the big question of whether the Universe, as a whole, is finite or infinite? That’s what our anonymous question-asker sent in this week, inquiring:
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S34How the 3 stages of the "redemption arc" can enrich our daily work lives Picture your best friend — the one who’s in the pictures in your house. This is the friend who was there at your wedding, your 18th birthday, or when your dad died. Most people have a good friend like this. Imagine that this friend cheats on their spouse. Or, perhaps worse, let’s say they’re found guilty of murder. They’ve done something horrible or criminal. Are they your friend still? Do you disown and discard them? Have you ever, in your mind, decided how far your friendship with that person will stretch?Everyone makes mistakes. Making mistakes is an important part of learning and growing. Some mistakes are, of course, more serious than others. When someone does something wrong, we each have to decide if that misdeed qualifies for redemption. If so, we must determine the necessary criteria for granting redemption.
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S35Everyday Philosophy: The religious belief underlying our disgust with cannibalism “Why, in some countries, is eating someone’s corpse a way to honor the dead while in others it is unthinkable?”One of my favorite pieces of peculiar trivia is about eating bacon. I prefer to use it with people I’ve only just met, but anytime will do. Just as I’m about to bite into a greasy mouthful, I’ll look my company in the eyes and say, “Did you know that pork is the closest meat to human flesh we all commonly eat?” Often, I’m met with an awkward laugh, at which point I’ll carry on. “Yeah, it used to be that certain Fijians cannibals called humans ‘long pigs.’”
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S36Period myths that "just need to die" Humans don’t have pheromones, women’s periods do not sync up with one another, and there’s no scientific evidence that a menstrual cycle lasts 28 days. OB-GYN and health communicator Dr. Jen Gunter explains.There have been many misconceptions about women’s health in recent decades, resulting in a widespread lack of proper education on menstrual science. According to Gunter, this can be incredibly harmful, as it perpetuates myths, leads to misunderstandings about normal menstrual health, and prevents people from advocating for themselves effectively.
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S37Music as medicine: The therapeutic potential of sound Imagine that you just had a terrible day at work. On the commute home, you turn on some music. It’s an old song, one you haven’t heard in years but once bookmarked a meaningful chapter in your life. You turn up the volume and the hassles of the day fade away. The song crescendos. On your arms, you feel goosebumps (also called “frisson” or “aesthetic chills”), a phenomenon that, despite being a common reaction to music and other stimuli, has no immediately obvious evolutionary explanation. And as the next song starts, you’re already in a better mood.Music can move us deeply. But besides nudging us to move to the beat or sparking emotional reactions, how exactly does music affect us? What does science have to say about the prospect of using music as a therapy, and what insights can musicians themselves offer when it comes to designing good studies?
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S38Tempus AI IPO: Shares Begin Trading, and More IPOs Are on the Way When shares of Tempus AI began trading Friday, it was familiar territory for founder Eric Lefkofsky. The IPO of the genetics testing and medical data firm marked the fourth time the serial entrepreneur has taken a company public. Tempus shares intially shot up quickly by more than 12 percent to more than $41 a share once trading began around midday, as investors looked for alternate ways to invest in the artificial intelligence boom jumped on board the company. Tempus priced at the top of its expected $35 to $37 range, raising over $410 million and resulting in a valuation of $6.1 billion.
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S39Founder of ADHD Startup Done Global Arrested for Fraud Ruthia He, the founder of ADHD-focused telehealth company Done Global, has been arrested and charged with fraud along with the San Francisco-based company's head doctor. In the indictment, the U.S. Department of Justice alleges that He and David Brody provided easy access to Adderall and other stimulants to people who may not have medically needed them, a scheme that "generated over $100 million in revenue by arranging for the prescription of over 40 million pills." (Done Global did not reply to Inc.'s request for comment.)The indictment, which the DOJ says is its first criminal drug distribution prosecution against a telehealth company dealing in controlled substances, alleges that He and Brody spent millions on "deceptive" social media ads, targeted at those seeking ADHD drugs. Once customers had signed up for a monthly subscription, Done's prescribers were instructed to "prescribe Adderall and other stimulants even if the Done member did not qualify," the department claims.
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S403 Ways to Get Venture Capital's Attention If you're like most founders with a big idea, you will need significant funding to bring it to life. That means you're probably contemplating raising venture capital. Raising VC funds might be one of the most challenging hurdles in your company's early life. This is especially true given the state of VC funding in 2024.There is no silver bullet to ensure you'll receive VC funds. You'll need assets to attract VC attention. From there, simplicity and clarity are critical to helping you catch VC interest, make it through their process, and receive funding. Importantly, you'll need a large market where your company can grow to a sizable value.
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S41Global Trust in U.S. Companies Is... Mixed A recently published report by public relations consultancy Edelman, which included responses from 32,000 people across 28 countries, evaluated the factors that affect the public's trust in businesses, particularly when it comes to introducing new innovations. On average, just over half of respondents from other countries said they trusted companies headquartered in the U.S.That varied significantly by region, though: 60 percent of respondents from Asia said they trusted companies headquartered in the U.S., while just 44 percent of European respondents indicated trust in U.S.-based companies.
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S42I Was Exhausted, Overwhelmed, and on the Verge of Burnout. Then I Hit the Figurative 'Do Not Disrupt Button' on My Life Behind the glossy mask of social media, the true stories of entrepreneurs are often far more complex -- and far more inspiring. As a female business owner who has weathered both dizzying highs and profound lows, I've learned that the path to lasting success requires more than just external achievements.My journey over the past few years has been a rollercoaster ride -- one minute, I was celebrating one milestone after another as my company continued to grow, and the next I was faced with the loss of a major customer, rebuilding my team, property loss from a major storm, and constant travel. I was often on the verge of burnout, exhausted, and overwhelmed. Despite my outward prosperity, I struggled to find the space to truly rest and recharge.
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S43Abercrombie & Fitch Finds New Life, and Success, with Total Brand Makeover Abercrombie & Fitch has gone through many business revamps and reinventions in its 132-year history. But it's only now enjoying what's arguably its most successful incarnation ever, with spiking sales and resurgent share prices.The company was founded in 1892 as a retailer specializing in camping, hunting, and other outdoor gear, before morphing into a department store and finally setting its current course as a clothes retailer. Today, Abercrombie & Fitch is reaping the fruits of a total rebranding of the company, its fashions, and reputation, and celebrating that with record sales driven by younger shoppers flocking to it.
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S44How Monogram Is Using AI to Help Empower Incarcerated Youth Attorneys, judges, and even individuals who are incarcerated can now access the latest neuroscience and social science research at their own reading comprehension level, with the help of design engineering agency Monogram (No. 589 on 2023's Inc. 5000 list). The Alpharetta, Georgia-based startup teamed up with the Center for Law, Brain & Behavior (CLBB) NeuroLaw Library at Massachusetts General Hospital, which is a Harvard Medical School teaching hospital, to create an AI-powered digital library. The resource is intended to democratize information on adolescent brains and behavior in hopes that it will be a valuable resource for people caught up in, or working in, the juvenile justice system."We're using AI to help Harvard get this information out to as many people as possible," Monogram co-founder and managing director DJ Patel says. "And if we can get even one person out of jail that doesn't need to be in jail, we've won."
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S45'It's a Scam.' Accusations of Mass Non-Payment Grow Against Scale AI's Subsidiary, Outlier AI In February, Emilie Friedlander, a journalist in New York, received a LinkedIn message advertising a new job with the potential to "earn up to $40 an hour ($1,600 per week) while teaching AI models how to write."Â Over the ensuing weeks, Friedlander received three more recruiting messages on LinkedIn from Outlier. The pitches seemed automated, Friedlander explains, and they appeared with a "sponsored" tag wedged between the sender's name and the body of the text. The pay rates were different in every message: First $21 per hour, then $40 per hour. Then, finally, back down to $25 per hour.Â
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S46Why Are the Boston Celtics So Good? They Keep Quoting This Stanford Psychologist's 2006 Book Someone with a fixed mindset might conclude that Einstein was simply one of the most brilliant people to walk the planet. But someone with a growth mindset might conclude that yes, he had innate intelligence, but what mattered much more was how he learned to solve extraordinarily complicated problems.Importantly, Dweck suggests that many individual people might not know on their own whether they've adopted a fixed mindset or a growth mindset. But, she says that their reaction to failure is a good barometer.Â
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S47Jensen Huang, Nvidia CEO, Just Gave Caltech Grads Great Advice--and a Good Taylor Swift Pun From behind a white and orange podium emblazoned with the California Institute of Technology's seal, the founder and CEO of the computer chip giant -- which recently surpassed Apple as America's second most valuable public company -- gave a keynote that touched on his long journey to success, the importance of patience, and the lessons that can be learned from failure."The world is uncertain ... and the world can be unfair and deal you with tough cards," Huang said at one point, wearing a black and yellow robe as he addressed Caltech's 2024 graduating class. But, he added: "Swiftly, shake it off."
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S48Learning to Delegate as a First-Time Manager Learning how to delegate well is a skill every first-time manager needs to learn from the very start. Many people are promoted into management for doing their previous job well. But once you’re promoted into a leadership role, you must accept that you can’t do everything on your own — nor should you. Though it may seem counterintuitive, the more senior you become in an organization, the less you’ll be involved in doing the day-to-day work. You’ll need to have a sense of what’s happening without directly contributing to every project. To do that, you first have to change your mindset from “doing” to “managing,” even though it might feel uncomfortable. If you resist this change, you’ll likely end up overwhelmed and (unintentionally) holding onto opportunities that could be given to your team.
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S49Research: The Most Common DEI Practices Actually Undermine Diversity While companies say they champion diversity, there are glaring disparities in diverse representation within managerial ranks. The authors examine the impact of various management practices on diverse representation in managerial roles and how often each management practice is utilized in organizations, shedding light on why organizations are not making greater progress toward diverse representation. Despite not working well for attaining diverse representation, diversity training is widely used in organizations. In contrast, formal mentoring programs and targeted recruitment are effective for increasing diverse representation but are underused. Indeed, the relationship between how often management practices are implemented in organizations and their effectiveness in attaining diverse representation is negative and strong. This article breaks down the practices organizations should utilize to achieve diverse representation, underscoring the need to shift toward practices that increase diverse representation in management.
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S50How to Get Results Quickly After a Merger or Acquisition Delayed and ineffective commercial integration can turn a good deal into a loser, because sales growth ultimately determines whether a merger achieves its value-creation goals. To create value, mergers need top-line gains: More sales to more customers, expansion into new territories or market adjacencies, new products and services to sell to existing customers. But compared to other areas of post-merger activity, the commercial engine starts late, operates uncertainly, and often runs out of gas before reaching its goals. With M&A activity picking up and high interest rates making delay costlier, it’s more important than ever that private equity and corporate acquirers leave the deal table with underwriteable, ready-to-go plans to make deals pay off through growth — and carry those plans out quickly.
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