In her 10th year on the job, Mary Barra returns to the top of the Fortune Most Powerful Women list as #1. bit.ly/3zQni6j The CEO of General Motors has led the company to its strongest financial position in decades, transforming its culture and reorganizing its product lines to prepare for an electric-vehicle revolution. Having reached her 10-year mark, she joins an exclusive group of leaders: The average tenure of a Fortune 500 CEO is 7.2 years for men and just 4.5 years for women. Read more and see the full 2024 #FortuneMPW list here: bit.ly/3zQni6j
Fortune
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FORTUNE is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling. We drive the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, FORTUNE lights the path for global leaders—and gives them the tools to make business better.
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Employees at Fortune
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Victoria Slivkoff
Extreme Tech Challenge | Walden Catalyst Ventures | Deep Tech
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Mallun Yen
Founder of Operator Collective, a venture firm and community of founders and operator LPs
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Chris Morris
Contributing Writer at Fortune Magazine (and Fortune.com), Nasdaq.com, Fast Company, AARP and more.
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Don Ross
Updates
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As the U.S. workforce grows older, the problems around ageism in the office are coming to a head. Elder millennials, Gen X, and boomer employees all say they’re experiencing serious discrimination issues, and it’s hurting their morale. About 90% of U.S. workers aged 40 or older say they have experienced ageism in the workplace, according to a new report from Resume Now. The most glaring example is compensation—nearly half of these older workers report earning less than their younger colleagues, according to the study. And the same proportion of respondents, about 49%, say they make less money than Gen Z and younger millennial workers for doing the same job. Read more: https://lnkd.in/eGhwCNqe
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Fortune reposted this
The Fortune Most Powerful Women list is the definitive ranking of female business leaders—and in its 27th year, it’s more competitive than ever. bit.ly/3zQni6j The 2024 MPW list ranks the 100 Most Powerful Women globally, reflecting corporations’ global scope and the nature of executives’ work, which spans the planet. The list features women from six continents, 19 countries and territories, and 14 different industries, proving there is no one-size-fits-all approach to reaching the pinnacle of business. Meet the 2024 Fortune Most Powerful Women in business. See the full #FortuneMPW list here: bit.ly/3zQni6j
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Back-to-school Gen Alpha is already having to watch its back from hallway menaces—literally. bit.ly/4gOiD5z Teenagers are unlooping the zipper pulls on peers’ Nike Elite backpacks, which retail for $87, stealing them for their own collections or reselling them back to theft victims at lofty prices. The logic behind the prank is perhaps predictable for a generation whose frontal lobes are not yet developed: “It’s fun to steal,” one TikTok commenter said. Read the full story here: bit.ly/4gOiD5z
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Everyone wants to feel valued for the work that they do, but some employees are feeling more neglected than others—and it’s hurting how they show up to their jobs. About 56% of employees currently feel appreciated or very appreciated at work, according to a new report from Canva. But 44% feel unacknowledged or neutral in how their employer addresses their contributions, and 75% of workers overall wish they felt more valued. But not all workers are feeling appreciated to the same degree. Read more: https://lnkd.in/eSgQwD3p
Most employees want to be more appreciated at work but some groups are feeling the sting more than others
fortune.com
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“The rules have relaxed, but now they’re just ambiguous enough to get people into trouble.” bit.ly/3XMSvzp Tyreshia Morgan went viral on TikTok this summer because of her fashion choices for a job interview. In the August heat, she wore a pair of shorts—which turned out to be a big mistake. The video of Morgan describing the incident and showing the outfit she wore—black shorts, a white top, and cardigan—has racked up more than 6.2 million views and 144,000 likes so far. It also kicked off a debate about how to dress for work these days, bringing in more than 30,000 comments that held a wide range of fashion beliefs. Read more here: bit.ly/3XMSvzp
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While working remotely during the pandemic, many Gen Zers grabbed the opportunity to hold down multiple jobs—or polywork—often behind their employers’ backs. But now baby boomers have taken a leaf out of Gen Z’s book. New research shows that they’re now the generation most likely to be pulling a second or third after-work shift. The remote-working services platform Startfleet analyzed U.S. labor statistics and found that some 1,303,000 people aged between 55 and 64 worked multiple jobs at once in 2023. Read more: https://lnkd.in/dfCMXrTQ
Baby boomers—not Gen Z—are now the main generation holding down multiple jobs to make ends meet
fortune.com
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Red Lobster has had a fishy few months. bit.ly/3YajTso In May, the seafood chain filed for bankruptcy after more than 50 locations closed amid massive losses from its mayhem-making Endless Shrimp promotion. But in August, Red Lobster reeled in a new CEO: Damola Adamolekun, the 35-year-old former P.F. Chang’s chief executive. Adamolekun is on a mission to revive the embroiled 56-year-old restaurant chain after it was rocked by crustacean chaos in the past couple of years. Read more here: bit.ly/3YajTso
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The market for large language models has lost another contender, while at the same time, its leader—OpenAI—closed a massive $6.6 billion funding round. AI startup Character.AI said it’s abandoning its efforts to build LLMs because it’s gotten “insanely expensive” to compete with the big guys, mainly Google and Microsoft-backed OpenAI. Dominic Perella, the company’s new interim chief executive, told the Financial Times that training frontier models have become “difficult to finance on even a very large start-up budget.” The market for generative AI models is barely two years old, and yet big tech has already eliminated much of the competition. Read more:
Big AI thins out the competition as startups quit the race to build large language models
fortune.com
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Hindsight is 20/20, and even less when your rearview mirror is broken. bit.ly/4eLrPpy But by the fifth recall this year, Elon Musk might be regretting pushing his EV that looks like an 8-year-old’s vision of a sci-fi future. Tesla announced Thursday it would be recalling more than 27,000 Cybertrucks, according to a filing from the National Highway Traffic Safety Administration. Tesla did not immediately respond to requests for comment. The meme-mobile is suffering from a delay that impacts the camera, as the system does not always complete its shutdown before being turned back on. Read more here: bit.ly/4eLrPpy