By now, everyone has weighed in on the Goldman Sachs crisis. Pundits have pilloried the firm for enabling a toxic and destructive culture. Supporters such as New York Mayor Michael Bloomberg have defended the darling of Wall Street, saying it remains a great institution. And the Goldman Sachs PR machine has simultaneously done everything possible to undermine whistle-blower Greg Smith's credibility while insisting his remarks don't reflect the values of the firm's 30,000 employees. Regardless of where the truth lies, companies must learn from the image and reputation damage that's been wreaked on Goldman. I've worked for countless organizations in, well, every conceivable industry and can assure you of two things: There are many Goldman-like cultures in fields that have nothing whatsoever to do with the world of high-powered finance. There are just as many cultures that espouse the best-in-breed ethos of such rock-star companies as Southwest Airlines, Starbucks, and … [Read more...] about Don’t Be Like Goldman Sachs: 5 Ways
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I'm a 45-year old man and I've done burpees every day since December 21, 2011, inspired by a New York Times article by Gretchen Reynolds in which a fitness expert, Dr. Martin Gibala , suggested them as a candidate for the single best exercise. Neither of them expected anyone to do just them, but I did. I've written about them here and on my blog . I consider myself in the best shape of my life, physically, emotionally, and intellectually. Today I hit my 90,000th burpee . To be more specific, when I say burpee now, I mean a ten-minute routine that starts with burpees, then stretches, then set of abdominal exercises, then back and bicep exercises. 90,000 is a nice, round number, tantalizingly close to a sixth digit. If you want to know the full story or all the benefits, read my series on my blog . Over six-plus years, I've compiled videos, anecdotes, tips, and so on. I used to write with pride and passion about my … [Read more...] about 90,000 Burpees Today
Sixty percent of Americans are worried that automation is putting jobs at risk, and 39% think their own job will be obsolete within five years, according to PwC’s Hopes and Fears survey . New positions that may not exist today, however, will replace some of the jobs that will be lost to AI. But, if your job is at risk, it’s a good idea to have plan B in place now so you can seamlessly transition and stay relevant. advertisement advertisement “The only thing we can predict is the unpredictable,” says Scott Steinberg, author of Think Like a Futurist 2022: The Next Normal . “Things tend to move fast and change from week to week at this point, and there will be many next ‘normals.’ Even when many events are outside your ability to control, you can always steer things toward a more positive outcome.” The first thing is to gain situational awareness. It should raise major red flags if your job is easily reduced to a description on paper that anyone … [Read more...] about How to future-proof your job by thinking like a futurist
Share to Twitter Share to Linkedin Is your traditional IRA or 401(k) down in value this year? Many financial experts are touting this as a good time to convert it to a Roth since you can pay taxes on the lower account value, and when the market recovers, your money can grow to be tax-free. However, here are some reasons why it might actually not be a good time for a Roth conversion: 1) You have to withdraw money from the retirement account to pay the taxes. If you have to pay the taxes from money you withdraw from the account, it usually doesn't make financial sense since that money will no longer be growing for your retirement. This is even more of a concern if the withdrawal is subject to a 10% early withdrawal penalty. Ideally, you would pay the taxes from money outside the retirement account. 2) You'll pay a lower tax rate in retirement. This can be a tricky one because the tendency is to compare your current tax bracket with what you expect it … [Read more...] about Is It A Good Time To Convert To Roth?
The listing transaction includes Lotus Technology. - A + A (May 26): ECARX Holdings Inc, the automotive tech firm backed by billionaire Li Shufu, agreed to go public through a merger with blank-check company COVA Acquisition Corp. in the largest Chinese listing in the US since Didi Global Inc. The deal values the combined company at about US$3.8 billion, according to a statement Thursday, which confirmed an earlier Bloomberg News report. The transaction includes a US$45 million investment from Li’s automobile giant Zhejiang Geely Holding Group Co, Luminar Technologies Inc and Lotus Technology. Geely is an existing investor in ECARX. ECARX would be the largest Chinese company to list in the US following Didi’s spectacular failure. The ride-hailing giant is set to delist from the New York Stock Exchange after proceeding with its IPO last June over Chinese regulators’ objections and becoming a victim of the country’s cybersecurity crackdown. Didi has lost about … [Read more...] about Tycoon SPAC deal to create China’s biggest US listing since Didi