Announcing the resignation of a key employee

Share to Twitter Share to Linkedin Mentorship programs have become an increasingly popular resource as organizations recognize the value of employee development. What should companies consider when establishing mentorship relationships to help employees grow and succeed? Mentorship relationships happen naturally within any professional setting when someone with more experience (the mentor) offers valuable insights to someone with less experience (the mentee). But establishing formal mentorship programs adds the structure and consistency necessary for long-lasting and positive outcomes. Examples of Mentorship Programs With the right mentorship program, organizations can foster collaborative environments that benefit mentors and mentees. Which mentorship relationship is suitable for your organization’s needs? Traditional Mentorship is a one-on-one relationship where more experienced employees partner with those who need support. Reverse … [Read more...] about The Power Of Mentorship: How Mentors Can Help Employees Grow And Succeed

Editor’s note: This post has been updated to reflect comments from John Cramer, Vice President for Marketing and Communications at Connecticut College. The president of Connecticut College (CC) announced on March 24 that she would be stepping down amid backlash for plans to host an event at a golf club accused of antisemitism and racism, according to the president’s statement. Katherine Bergeron has been the college’s president for nearly a decade but informed the school that she would be stepping down from her position at the end of the semester, according to her official statement. Her announcement comes after weeks of protests against the president’s plan to host a fundraising event at the Everglades Club, which has allegedly refused service previously to Jewish and black Americans in the past, according to Inside Higher Ed. (RELATED: Women’s College Removes Former President’s Name From Library Due To History Of Antisemitism, ‘White Supremacy’) Bergeron’s statement … [Read more...] about College President Resigns Over Event Hosted At Golf Club Accused Of Antisemitism, Racism

Share to Twitter Share to Linkedin Christine Tao is CEO & Co-Founder of Sounding Board , helping companies grow their leaders through scalable, personalized leadership coaching It’s rough out there right now. Boards and investors are pressuring companies to tighten their belts, leading to massive layoffs across the tech industry and beyond—nearly 125,000 employees were laid off last year, according to Forbes’ layoff tracker , and the totals for 2023 keep growing each week. In 2009, I was laid off from Google during the "Great Recession.” I went from landing my dream job to the very real possibility of moving back into my parent’s house, along with a mountain of student debt. At the time, I was crushed, but ultimately, this unexpected turn of events is what led me to co-found my company, Sounding Board. I know stories like mine can feel flippant to those who are experiencing the very real challenges and hardships associated with the … [Read more...] about How To Alleviate The Middle Manager Squeeze During A Restructuring

Share to Twitter Share to Linkedin A biased bid selection process represents one of the biggest threats for procurement officials. Such bias leads to a bad selection decision for a government contract, wasting taxpayer money. Moreover, it may lead to a procurement bid protest. The Government Accountability Office (GAO) put out a report in 2017, which found that a “flawed selection decision” was one of the top four reasons for successful bid protests - and over 22% of bid protests succeeded that year. So how should procurement officials protect their procurement selection process from bias? Doing so requires a basic grasp of behavioral science research on cognitive biases and how to defeat them . What Do Lawyers Working on Bid Protests Say About Bias? In 2021, the US Congress commissioned a bid protest study at the Defense Department referencing the work of Dr. Christopher Yukins , a professor of procurement law at the George Washington … [Read more...] about Prevent Costly Procurement Disasters: 6 Science-Backed Techniques For Bias-Free Decision Making

Share to Twitter Share to Linkedin Michael Saylor’s new job looks a lot like his old job: adding bitcoin to the balance sheet of his business-software company with religious fervor. “I'm a bitcoin maximalist, I happen to believe that bitcoin is an instrument of economic empowerment, it'll be beneficial to eight billion people,” Saylor told Forbes in an interview. “I also happen to believe that bitcoin is unique,” he continues, because of “the Immaculate Conception, decentralization, and its commodity status. All of these things make it the superior asset in the space.” The Immaculate Conception he means is the founding of bitcoin, as explained in a 2008 white paper by one or more people using the name Satoshi Nakamoto. Saylor stated that bitcoin is the only crypto asset which is truly decentralized and without an issuer. He backs bitcoin as a corporate investment in part because he believes there is regulatory agreement among U.S. regulators that bitcoin … [Read more...] about Bitcoin ‘Maximalist’ Saylor Makes Crypto His Only Job

Share to Twitter Share to Linkedin TL;DR The Fed elected to raise base interest rates by 0.25 percentage points, sticking to the script despite financial uncertainty from the collapse of Silicon Valley Bank and Signature Bank AI continues to make headlines as both big and small tech companies release new products and features almost daily Crypto has been quietly picking up big gains, and some believe the current financial wobbles could mean it has further to run Top weekly and monthly trades Subscribe to the Forbes AI newsletter to stay in the loop and get our AI-backed investing insights, latest news and more delivered directly to your inbox every weekend. And download Q.ai today for access to AI-powered investment strategies. Major events that could affect your portfolio A month ago, it was all but guaranteed that the Fed would be raising rates by 0.25 percentage points in their March meeting. Some analysts were even … [Read more...] about Tech Companies Big And Small Look To Include AI Technology And Crypto Picks Up Big Gains – Forbes AI Newsletter March 25th

Share to Twitter Share to Linkedin Key takeaways Bank stocks sold off heavily last week, as nervous investors ran for the exits over - well, basically nothing With no fundamental reasons for the sell off, they’ve rebounded swiftly on Monday First Citizens Bank is up over 45%, on news that it has acquired over $72 billion of assets from collapsed Silicon Valley Bank, at a discount of $16.5 billion After the collapse of Silicon Valley Bank and Signature Bank, as well as the weekend fire sale of Credit Suisse to rival UBS, Deutsche Bank was in the headlines last week as the latest in the financial sector to come under pressure. There have been numerous analysts and public commentators expressing concerns over the banking sector, worried about whether the initial collapses were a sign of a financial crisis brewing underneath the surface. As well as large banks like Deutsche Bank, regional banks have been hit particularly hard. First … [Read more...] about How Investors Can Navigate Banking Uncertainty As Deutsche Bank, First Citizens Bank And First Republic Bank Stock Seesaws

Share to Twitter Share to Linkedin Global technology and business solutions provider NTT and its subsidiary NTT DATA have strengthened its partnership with IndyCar. NTT and IndyCar announced on March 27 its entitlement extension will begin in 2024 after completion of the current agreement. NTT and NTT DATA will continue as the official technology partner of the NTT IndyCar Series, the Indianapolis Motor Speedway, the Indianapolis 500, and the IndyCar/NASCAR Brickyard weekend. It will increase its involvement through its Smart Venue application at the Indianapolis Motor Speedway as well as enhancements to its mobile app and continued data integration and transformation of the sport. The multi-year agreement also includes official technology partner status. “NTT is an excellent partner across our enterprise with strongexpertise and a deep commitment to our sport,” said Roger Penske, Chairman, Penske Corporation. “From Smart Venue technology at the … [Read more...] about IndyCar, NTT And NTT DATA Sign Multi-Year Agreement

Share to Twitter Share to Linkedin Key News Asian equity markets were mixed overnight on light volumes as investors worried about financial contagion. Hong Kong had a volatile day as Jack Ma’s visit to China lifted Alibaba and the market, a rally that ran out of out of steam in the afternoon. Baidu fell -3.17% due to rumors of a delay in its ERNIE chat bot launch. Meituan fell -6.28% and was today’s most heavily traded in Hong Kong by value after the company’s Q4 financial results, which were announced after the close on Friday, beat estimates. The stock’s drop is likely driven by Tencent’s decision to deliver a cash spinoff of Meituan, rather than shares, which obviously requires selling Meituan shares in the open market. Healthcare was the only positive sector in both Hong Kong and Mainland China after CSPC Pharma’s mRNA Covid-19 vaccine was approved. Mainland markets were off though “outperformed,” i.e. they fell less than Hong Kong as CNY and the … [Read more...] about Tencent’s Cash Dividend Weighs On Meituan

Share to Twitter Share to Linkedin CVS Health Monday said it will close its $8 billion acquisition of Signify Health later this week, bringing the drugstore giant in-home medical services from a national network of clinicians. CVS “expects to complete its acquisition of Signify Health on or around March 29, 2023, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement,” the company said. In buying Signify Health, CVS Health will add to its growing menu of healthcare services that includes more than 9,000 retail drugstores, 1,100 MinuteClinics staffed by nurse practitioners and the nation’s third largest health insurer, Aetna. Meanwhile, CVS has an array of outpatient expansions in the works including its proposed acquisition of Oak Street Health , an operator of senior health centers, and creating in-store HealthHubs with hundreds of new over-the-counter items and new healthcare services. … [Read more...] about CVS To Close Signify Health Deal, Launching A National In-Home Care Business