Why good governance is the key to keeping transformation alive

Imagine you want to build a house.

You’ve identified exactly what the house should look like: how many rooms, the color of the paint, the layout and all the finishings. You worked with an architect to draft the plans. You hired a builder with a general contractor to break ground and build the structure. You identified an interior designer to put the finishing touches on the home. And finally, after several months and many dollars later, you move into your new home. It’s exactly what you wanted, and the new home meets your family’s needs. READ MORE

FTX fraud will make 'Enron look like peanuts'

A former U.S. prosecutor compared the FTX scandal to one of the worst frauds in history after at least $1 billion in client money vanished. 

"This FTX fraud is going to make Enron look like peanuts," Guy Lewis said on FOX Business' "Mornings with Maria" Thursday.  

Lewis also predicted that when all is said and done, FTX is going to be exposed as a criminal enterprise. READ MORE

How workers fought back in 2022

Marissa Peterson quit her job as a bartender in Durham, North Carolina, in June, after she was sexually assaulted by a customer and felt management didn’t do enough to keep her assailant from returning to the establishment.

Her decision, Peterson said, was informed by time she spent at home during the pandemic, after being laid off from another job. Extended pandemic unemployment insurance gave her, for the first time in her adult life, space from work and time to consider her relationship with it. READ MORE

Why Performance Management Systems Don’t Work And How To Fix Them

I’ve worked in the fields of resilience, performance psychology and leadership science for over 20 years. In that time, my team and I have heard leaders ask one question over and over again. It’s one you’ve probably asked yourself, in fact: “Why can’t we get our people to adapt, innovate and/or perform better?”

In other words, “Why isn’t my performance management system working, and what can I do about it?” READ MORE

11 Elements Of Good Performance Management That Can Simplify The Evaluation Process

For companies, practicing good performance management leaves an open-door policy that can strengthen the relationship and communication between both employees and managers. Using tactics like having open dialogues with each other to giving and receiving constructive criticism are just a couple of important ingredients that help not only make the process simple but build trust between both parties. READ MORE

As pressure mounts on managers, 3 ways to improve their effectiveness

Over the last three years, managers have taken on incredible loads: from the emotional strains of the pandemic to the challenges of social unrest to the fear and difficulties of returning to the office. And now, here they are, watching their colleagues and employees get laid off, knowing they will have to pick up the pieces of what is left behind.

Is it any wonder that managers are less engaged and effective READ MORE

A $40 billion Merger Monday shows M&A appetite increasing after brutal 2022

As investors wrap up one of the most challenging years on record, signs of life in the M&A market suggest risk appetite might be increasing as we approach the new year.

U.S. investors were met with at least $40 billion worth of deals ahead of the open Monday, led by Amgen’s acquisition of Horizon Therapeutics, Microsoft’s new stake in the London Stock Exchange Group, Coupa Software’s sale to Thoma Bravo, and a move by Weber to go private. READ MORE

US worker productivity has tanked this year. What gives?

American workers aren't getting nearly as much done this year as they used to.

U.S. labor productivity plunged first quarter in the largest decline since 1947, then dropped by the highest annual amount on record in the second according to the Bureau of Labor Statics. The third quarter data indicates year-over-year output saw three consecutive declines for the first time since 1982. READ MORE

Global 4-day week pilot was a huge success, organizers say

The verdict is in: A four-day work week is good for business.

After six months, most of the 33 companies and 903 workers trialing the schedule, with no reduction in pay, are unlikely ever to go back to a standard working week, according to the organizers of the global pilot program.

None of the 27 participating companies who responded to a survey by 4 Day Week Global said they were leaning towards or planning on returning to their former five-day routine. About 97% of the 495 employees who responded said they wanted to continue with a four-day week. READ MORE

How To Do Well by Doing Good

"Protecting people and the planet is at the heart of who we are." "Being a responsible corporate citizen is part of our DNA."

Sound familiar? Probably if you've read a corporate environmental, social and governance (ESG) or sustainability report in the past decade.

But what does it really mean for a business to integrate ESG into its operations? READ MORE

CEO predicts two years of pain ahead in the housing market

The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.”

Bank of America CEO Brian Moynihan said in an exclusive interview with Poppy Harlow on “CNN This Morning” Tuesday that there is a lot of uncertainty in the global economy due to the potential US freight railroad strike, Russia’s war with Ukraine and Covid shutdowns in China. READ MORE

What Founders Need to Know Before Selling Their Startup

The vast majority of startup exits occur via acquisition. And while the internet is full of advice for pre-exit founders, remarkably little content exists to help guide them through post-acquisition life — even though they and the employees they recruited will often spend two-to-three years toiling away with the acquirer. An acquisition is an exciting occasion, to be sure, but it is hardly the happily-ever-after ending that the “founder’s journey” story might suggest. READ MORE