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CEO Picks - The best that international journalism has to offer!
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S24
The Milky Way's stars are gradually being ejected
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Whenever we look up at the great expanse of the night sky, it’s easy
to forget, from a cosmic perspective, just how confined our views are
to our own backyard. The brightest objects of all are the Sun, Moon,
and planets like Venus and Jupiter: objects right here in the Solar
System. The glittering canopy of a dark night sky contains thousands
of stars visible to the human eye: all of which are within our Milky
Way, and most of which are within a few thousand light-years. Even the
deep-sky objects, like nebulae and galaxies, are all contained within
our Local Group. Despite the tens of billions of light-years that the
expanse of the observable Universe stretches out for, nearly all of
what’s most easily visible to us is right here in our local cosmic
neighborhood.But the grandest sight of all is the expanse of the Milky
Way itself, stretching across the entire night sky. Within it, streams
of light-blocking neutral matter stand in the way of hundreds of
billions of stars, creating a diffuse glow that — with powerful
enough observatories — can be resolved into individual points of
light. It was once thought that these stars were all relatively stable
in orbit around the Milky Way: like the planets within our Solar
System. However, some revolutionary scientific discoveries have
happened since that outdated picture held sway, and we now know that
some of these stars have already received kicks that will soon eject
them from the galaxy entirely. By investigating further, we can learn
something about the Milky Way and, in turn, all galaxies: after a
finite amount of time, they’ll dissociate, rather than being
devoured by their central black holes. Here’s the story of stellar
ejection.
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S25
The #1 superpower every leader needs
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Everybody wants to rule the world — or at least lead their corner of
it — and the reasons are obvious enough. When you’re in charge,
you get power and status. People look to you for guidance, and you
make the decisions. Did we mention the money? Because the pay is
definitely better at the top.But as Adam Bryant, author and the senior
managing director of the ExCo Group, is quick to point out, that image
of leadership only represents the highlight reel. It’s far from the
whole picture.
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S26
AI model uses human irrationality to predict our next moves
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Human beings behave irrationally — or as an artificially intelligent
robot might say, “sub-optimally.” Data, the emotionless yet
affable android depicted in Star Trek: The Next Generation, regularly
struggled to comprehend humans’ flawed decision-making. If he had
been programmed with a new model devised by researchers at MIT and the
University of Washington, he might have had an easier go of it.In a
paper published last month, Athul Paul Jacob, a Ph.D. student in AI at
MIT, Dr. Jacob Andreas, his academic advisor, and Abhishek Gupta, an
assistant professor in computer science and engineering at the
University of Washington, described a new way to model an agent’s
behavior. They then used their method to predict humans’ goals or
actions.
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S27
Hybrid Work Cut Quit Rates by 1/3rd in New Study
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A new paper from Stanford economist Nick Bloom finds that, at one
firm, hybrid work had no impact on performance and actually boosted
retention.
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S28
Shareholder Sues Elon Musk, Alleging 'Unlawful' Tesla Stock Sale
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Tesla shareholder sues Musk to return billions in alleged unlawful
profitsWILMINGTON, Delaware (Reuters) -Elon Musk made billions of
dollars by selling Tesla stock using insider information, an
institutional shareholder accused in a lawsuit filed on Tuesday,
asking the court to direct the Tesla CEO to return "unlawful
profits."The lawsuit comes two days before a critical vote by Tesla
shareholders on whether to reinstate Musk's $56 billion pay package,
after a Delaware judge voided it in January because she found that
Musk had improperly controlled the process. Â Â
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S29
Defense Contractor RTX Accused of Discrimination With Ads Seeking
Recent College Grads
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The lawsuit filed in federal court in Boston accuses RTX Corporation
of posting ads that target younger workers at the expense of their
older peers in violation of the federal Age Discrimination in
Employment Act, the Massachusetts Fair Employment Practices Act, and
the Virginia Human Rights Act.RTX, formerly Raytheon Technologies
Corporation, is an American multinational aerospace and defense
conglomerate headquartered in Arlington, Virginia. The lawsuit alleges
it posted ads seeking job applicants who are recent graduates or have
less than two years' experience, which excluded older workers from
consideration or deterred them from applying in the first place.
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S30
Addition of Affirm's BNPL on Apple Pay Could Offer Lilt to Retailer
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Amid the raft of developments coming from Apple's annual
Worldwide Developer Conference was one that should catch the attention
of retailers and other consumer-facing businesses. Later this year,
in addition to the other fast, non-contact payment methods
it already offers, Apple Pay will include fintech company
Affirm's buy now, pay later (BNPL) option, a choice that's
become increasingly popular with budget-pinched shoppers.The
Cupertino, California-based tech giant announced that
Affirm's BNPL will be among several new service additions to
Apple Pay and Apple Wallet. The updated menu of choices, Apple said,
will permit customers to "view and redeem rewards, and access
installment loan offerings from eligible credit or debit cards, when
making a purchase online or in-app with iPhone and iPad." In offering
those extra convenience and financing choices to customers, the update
will also facilitate transactions with stores, restaurants, and
other businesses.
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S31
Strikes Push Waffle House to Raise Tipped Workers' Pay
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In a video message to employees late last month, Waffle House CEO Joe
Rogers III said base pay would rise to at least $3 per hour in June
and then gradually rise to at least $5.25 per hour by June 2026. Base
pay doesn't include workers' tips, and will be higher in some states
depending on minimum wage laws, Rogers said.Rogers said wage increases
will be paid for by higher menu prices, and that wages will rise more
slowly in some rural markets than in urban ones. The company is also
adding tenure bonuses and premiums for working later shifts.
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S32
Amazon Adds $1.4 Billion to Housing Fund for Areas Where it Has
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Amazon is adding $1.4 billion to a fund it established three years ago
for preserving or building more affordable housing in regions where
the company has major corporate offices, CEO Andy Jassy announced
Tuesday.The Seattle-based company said the new sum would go on top of
the $2.2 billion it had already invested to help create or preserve
21,000 affordable housing units in three areas: the Puget Sound in
Washington state; Arlington, Virginia; and Nashville, Tennessee. When
it launched its Housing Equity Fund in January 2021, Amazon said it
aimed to fund 20,000 units over five years.
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S33
Thousands of Amazon Flex Drivers File Arbitration Claims for
Misclassification as Contractors
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Thousands of Amazon.com Flex drivers filed arbitration claims on
Tuesday, alleging they were misclassified as independent contractors
rather than employees, the lawyer representing the drivers told
Reuters. About 15,800 drivers have submitted arbitration claims
with the American Arbitration Association, seeking compensation from
Amazon for unpaid wages, overtime and work-related expenses such as
mileage and cellphone use, the lawyer said. Other 453 similar cases
are already being litigated. Â
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S34
After the Key Bridge Collapse, Supply Chains Rose to the Occasion but
Local Businesses Suffered
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When the Francis Scott Key bridge plunged into the Patapsco River in
March, killing six construction workers and shutting down the Port of
Baltimore, questions swirled about the disaster's broader economic
impact. Would other ports be swarmed with re-routed shipping
vessels? How would local businesses dependent upon the Port fair with
the artery clogged by the wreckage of the Dali, the 948-foot cargo
ship that slammed into the bridge?Â
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S35
How a 3-Time Inc. 5000 Honoree Is Helping Sales Reps Work More
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That's why, today, Seattle-based sales execution platform
Outreach rolled out a handful of AI-powered tools to help its
more than 6,000 users--like Salesforce and Verizon--to work more
efficiently throughout the sales process.The first is a pipeline
generation report, which evaluates sales activities like outbound
calls and prospecting. The goal of this tool is to help managers see
which of those activities have the greatest impact on sales teams'
pipeline generation, which can help shape sales strategy. It
also launched a tool to help track managers' coaching efforts with
the help of an AI virtual assistant and an AI-powered search
engine that will identify gaps in deal progression for
managers. The majority of these features will be available to users
with its most common pricing package, Engage. Additional features are
available at elevated pricing tiers.Â
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S36
Governor Hochul Said $15 Congestion Pricing Would Hurt New York City
Businesses. This Expert Disagrees
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At the end of this month, New York was set to become the first city in
the country to charge drivers a fee to use the city's busiest
streets during peak rush hour times, all in an effort to cut down on
traffic and emissions. To enter lower Manhattan, passenger cars would
have to pay a $15 toll. The pricing program, which New York
Governor Kathy Hochul halted just weeks before launching, was
expected to reduce traffic and raise an additional $1 billion in
revenue that would be set aside for the Metropolitan Transportation
Authority (MTA) to fund public transportation. Gov. Hochul
instructed the MTAÂ to pause the program indefinitely. Why? To
protect small businesses, whose customers drive into Manhattan, she
said.Congestion pricing is not a new concept. The policy has been
batted around for more than 60 years. Singapore became the first place
to put the pricing scheme to the test back in the 1970s when it
began charging vehicles a toll to drive into the central business
district during morning rush hour. Other cities like London,
Stockholm, and Milan followed with their own versions, but
advocates of congestion pricing have struggled to make headway in the
car-centric United States. Los Angeles, San Francisco, Seattle, and
Portland, Oregon have considered pricing programs, but no
American city has implemented one yet.
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S37
Face Your Fear of Becoming Obsolete
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Professionals across the career spectrum have moments where they fear
they’re already obsolete, or becoming so. Different than the
occasional bout of self-doubt, fearing obsolescence means we
fundamentally question our professional significance. When we
over-indulge the fear, it creates cognitive distortions of ourselves,
others, and our environment that can bring us to the worst versions of
ourselves. Whether you’re early in your career and facing a lifetime
of technological and economic disruption, or later in your career and
questioning your future relevance to the world, feelings of
obsolescence don’t have to mire you in fear or futility. The
question isn’t how to avoid these feelings, but rather how to spot
evidence you’re having them and address them in healthy, honest
ways.
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S38
How GitLab Leads Its Fully Remote Workforce
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In this episode, the company’s CEO Sid Sijbrandij shares the lessons
he’s learned about how to manage a distributed workforce. He
explains how to recruit talent who are well-suited for remote work and
how to onboard them effectively. He also shares how GitLab leaders
reinforce company culture remotely and how they create virtual space
for informal relationship building.
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S39
How Booking.com Sustains a Culture of Innovation
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Booking.com was founded by a Dutch university student in 1996. It grew
slowly for almost a decade. By 2011, the company was generating more
than a billion dollars in profits annually — making it the most
financially successful digital travel market at the time. The secret
to that accelerating growth was the company’s use of large-scale
testing and experimentation.
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S40
How Gen AI Can Make Work More Fulfilling
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Research by BCG shows that workers who spend too many hours on tasks
they dislike (“toil”) are at risk for quitting, and employees who
spend sufficient time on work that creates joy are less of a flight
risk. A study of the consulting firm’s administrative employees
demonstrates how they can use AI to reduce time spent on toil and
increase time on joy-creating tasks. The research also explores the
key factors that drive successful gen AI adoption; the main finding is
that having a manager who is immersed in using AI will drive employee
engagement with the technology.
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S41
3 Ways to Compassionately Hold Your Team Accountable
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Why are some teams more successful than others when it comes to
meeting deadlines, hitting targets, and growing revenues? Researchers
at the NeuroLeadership Institute looked at the cognitive processes
associated with leaders who cultivate accountability on their teams.
They identified three distinct habits practiced by these leaders: They
think ahead, obsess about commitments, and anchor on solutions.
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S42
Video Quick Take: Balancing AI-Driven Innovation With Data
Responsibility - SPONSOR CONTENT FROM NVIDIA
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Welcome to the HBR Video Quick Take. I’m Julie Devoll, editor for
Special Projects and Webinars at Harvard Business Review. Artificial
intelligence shows tremendous promise for organizations looking to
innovate and disrupt. But many leaders are finding it’s not easy to
balance their AI ambitions with handling their most precious resource,
which is data.
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S43
Vietnam's made-to-measure fashion brands are thriving in the TikTok
era
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When Jennie from South Korean girl band Blackpink posted pictures of a
new eyewear collection, her fans zeroed in on her gray miniskirt. They
tracked down the lace-edged skirt to Vietnamese brand L Seoul, and
nearly crashed its website with their orders, cementing its reputation
as a favorite of K-pop stars and fashionistas alike.The “Jennie
effect” brought hundreds of new fans to the Ho Chi Minh City-based
brand, which is riding a wave of popularity on social media. Hashtags
such as #Vietnamfashion and #Vietnamesefashion on Instagram and TikTok
have amassed tens of thousands of gushing posts and millions of likes,
in contrast to the growing disenchantment with Chinese fast fashion
brands Shein and Temu.
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S44
Swatch Drops 3 New Earth-Based MoonSwatches (We Want 2 of Them)
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Less than three months after the launch of the Snoopy MoonSwatch,
Swatch has this morning dropped not one but three new models, this
time all based on our home planet.The new watches, according to
Swatch, have been inspired by the fact that "all throughout history,
people have wondered what the world looks like from above."
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S45
Medical-Targeted Ransomware Is Breaking Records After Change
Healthcare's $22M Payout
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When Change Healthcare paid $22 million in March to a ransomware gang
that had crippled the company along with hundreds of hospitals,
medical practices, and pharmacies across the US, the cybersecurity
industry warned that Change's extortion payment would only fuel a
vicious cycle: Rewarding hackers who had carried out a ruthless act of
sabotage against the US health care system nationwide with one of the
largest ransomware payments in history, it seemed, was bound to
incentivize a new wave of attacks on similarly sensitive victims. Now
that wave has arrived.In April, cybersecurity firm Recorded Future
tracked 44 cases of cybercriminal groups targeting health care
organizations with ransomware attacks, stealing their data, encrypting
their systems, and demanding payments from the companies while holding
their networks hostage. That's more health care victims of ransomware
than in any month Recorded Future has seen in its four years of
collecting that data, says Allan Liska, a threat intelligence analyst
at the company. Comparing that number to the 30 incidents in March,
it's also the second biggest month-to-month jump in incidents the
company has ever tracked.
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S46
An AI Bot Is (Sort of) Running for Mayor in Wyoming
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Victor Miller is running for mayor of Cheyenne, Wyoming, with an
unusual campaign promise: If elected, he will not be calling the
shotsâan AI bot will. VIC, the Virtual Integrated Citizen, is a
ChatGPT-based chatbot that Miller created. And Miller says the bot has
better ideasâand a better grasp of the lawâthan many people
currently serving in government."I realized that this entity is way
smarter than me, and more importantly, way better than some of the
outward-facing public servants I see," he says. According to Miller,
VIC will make the decisions and Miller will be its "meat puppet,"
attending meetings, signing documents, and otherwise doing the
corporeal job of running the city.
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S47
Meet the Photographer Behind the Social Media App for Everyone Sick of
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âÂÂI was about to go to bed and then realized we had this
interview,â Jingna Zhang tells me. Itâ™s 9 am in
Seattle, where sheâ™s currently living. The photographer and
art director has been pulling all-nighters trying to keep up with
demand for her social platform for artists, Cara, which recently
exploded in popularity in response to widespread opposition to
Metaâ™s policies around art and artificial intelligence.
(Meta includes art from users in its training data.) More users has
led to an onslaught of complications, including a hefty $96,000 bill
from the social networkâ™s cloud storage provider, as well as
service outages. Cara began as a side project, but its newfound
prominence means that Zhang is now an accidental startup founder,
keeping the hours to match.Zhang started Cara to give artists who
oppose unethical use of AI a place to share images and network with
like-minded peers. The platform takes an explicit stance against
generative AI tools developed with training data acquired without
permission from artists, and it currently filters out all AI images.
It also offers beta integration with Glaze, a tool developed by
University of Chicago researchers to give artists a way to stop
generative AI companies from training on their work without consent.
Launched in early 2023, Cara had just a few thousand users for the
first year of its life; last week, it jumped from having around 40,000
accounts to 650,000, and is now closing in on a million users.
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S48
A January 6 Rioter Is Leading an Armed National Militia From Prison
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As the US election approaches, Edward "Jake" Lang says that the
militia will focus on potential "civil unrest" around the vote and
will be ready to activate at a moment's notice.
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S49
How to Choose a Camera (2024): Sensors, Megapixels, Terms
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The first thing to know about buying a digital camera in 2024 is that
it's virtually impossible to buy a bad one. You probably have a great
camera in your hand right now. For many people, a smartphone will be
camera enough, but if you want a camera separate from your phone, read
on.The current crop of digital cameras is almost universally
fantastic. Everything on the market is capable of capturing great
images, provided you learn how to use your camera and understand the
basics of photography: composition, light, and timing. That said, you
don't want a technically good cameraâyou want the right camera for
you.
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S50
Best Microsoft Surface: Which Models to Buy or Avoid (2024)
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Microsoft operates Windows, so you'd think its Surface laptops would
be the best representation of the desktop operating system, right?
Well, these machines were innovative and feature-rich at the start,
and the lineup has expanded from a standard laptop to a giant desktop.
But Microsoft has stuck with minor spec bumps over the years, and
Surface laptops don't feel as well regarded as they once were.That
might be changing as the company recently announced two new AI-powered
Surface laptops, injecting some life into these computers. But it begs
the question, what's the best Surface laptop to buy? We're currently
testing the latest machines and will have our thoughts soon, but read
on for more advice on the current Surface lineup.
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