• From a state senator to a machine worker, Americans reveal—in their own words—how an abortion changed their life Link
    Businessweek Tue 09 Aug 2022 21:13
    transformational impact the ruling had on the ability of women to join the workforce, build a career, and boost their earning power over the past 50 years. “I believe that eliminating the right of women to make decisions about when and whether to have children would have very damaging effects on the economy and would set women back decades,” Treasury Secretary Janet Yellen told a
  • Lululemon employees will vote this month on unionizing a store in Washington, D.C., testing the strength of an organizing wave that’s been sweeping through previously union-free US retail firms Link
    Businessweek Tue 09 Aug 2022 21:08
    Lululemon Athletica Inc. employees will vote this month on unionizing a store in Washington, D.C., testing the strength of an organizing wave that’s been sweeping through previously union-free US retail firms.

    The US National Labor Relations Board has approved an agreement between the company and the new labor group organizing the location, the Association of Concerted Educators, to hold an election on Aug. 26 and 27. The planned vote follows a series of landmark labor wins in elections at companies including Starbucks Corp., Amazon.com Inc., Apple Inc., and Trader Joe’s.

  • Chipotle agreed to pay $20 million to roughly 13,000 current and former employees of its New York City restaurants to settle a claim that it repeatedly violated laws governing sick leave and scheduling Businessweek Tue 09 Aug 2022 20:48
    Chipotle Mexican Grill Inc. agreed to pay $20 million to an estimated 13,000 current and former employees of its restaurants in New York City to settle a claim that the chain repeatedly violated laws governing sick leave and scheduling.

    The fast-casual restaurant chain also will pay a $1 million fine, Mayor Eric Adams said Tuesday at a briefing announcing the settlement, which he said was the largest of its kind in city history.

  • In 2021, the tech industry spent more on political ads than the pharmaceutical industry—the traditional leader in the field Link
    Businessweek Tue 09 Aug 2022 20:33

    In a short video ad posted online in May, a middle-aged man gives a scary speech while adjusting a large object hidden under a tarp in the bed of a pickup truck. Parked on the street outside a suburban home, he ticks off a few of his favorite tech services—smartphone apps that give driving directions and overnight e-commerce delivery—then says, “Politicians have a plan to get rid of all that.” The video ends with him jumping into the driver’s seat and buckling up as the sentence fragment “

  • German Chancellor Olaf Scholz, during a visit to the country’s football federation, reiterated a call for female members of the national team to be paid the same as their male counterparts Link
    Businessweek Tue 09 Aug 2022 20:18

    German Chancellor Olaf Scholz intensified his campaign for pay equality for women in sports, using a visit to the country’s football federation to reiterate a call for female members of the national team to be paid the same as their male counterparts.

    After meeting with officials from the DFB federation in Frankfurt, Scholz said that equal pay would help attract more girls and women to football, and announced that more talks on the issue will be held next month at the chancellery in Berlin.

  • Swatch's MoonSwatch collaboration with sister brand Omega has breathed new life into the Swatch brand Link
    Businessweek Tue 09 Aug 2022 20:13

    When the Swatch was born four decades ago, the plastic timepiece breathed new life into the staid Swiss watch industry, which was struggling to compete with cheap quartz models from Asia. By the early 1990s, Swatch sales soared to about 20 million a year as consumers snapped up the colorful designs that married Swiss-made precision with an affordable fun factor. That boost provided financial cover for the slow-motion comeback of struggling high-end manufacturers (Blancpain,

  • A Justice Department challenge to UnitedHealth's planned acquisition of a health data processor is a big moment for Biden’s antitrust agenda Link
    Businessweek Tue 09 Aug 2022 20:03
    UnitedHealth Group Inc., the giant US health-care conglomerate that insures nearly 46 million Americans, reaches into almost every corner of the health system. Beyond the insurer it’s best known for, the company, through its Optum services unit, runs a pharmacy benefit manager that fills 1.4 billion prescriptions annually. It also operates the country’s largest physician workforce—more than 60,000 doctors. Early last year,
  • Domino's couldn't survive in the home of pizza Link
    Businessweek Tue 09 Aug 2022 19:53
    Domino’s Pizza Inc.’s footprint in the home of Pizza proved to be short lived with Italians favoring local restaurants over the American version.

    The last of Domino’s 29 branches have closed after the company started operations in the country seven years ago. It borrowed heavily for plans to open 880 stores, but faced tough competition from local restaurants expanding delivery services during the pandemic and sought protection from creditors after running out of cash and falling behind on its debt obligations.

  • The English country estate used in the BBC's 'Pride and Prejudice' mini-series starring Colin Firth is for sale - after taking a big price cut Link
    Businessweek Tue 09 Aug 2022 19:48
    Luckington Court in Wiltshire, a Grade II* listed property that was famously used as the location for the Bennet family home Longbourne in the BBC’s 1995 Pride and Prejudice mini-series, have slashed a third off the asking price to attract and seal the deal with their own figurative Mr. Darcy.

  • Corporate America has clearly learned to play the inflation game Link
    Businessweek Tue 09 Aug 2022 19:23
    Kraft Heinz. The details were different in each case—some reported sharp volume declines, and others came in unchanged—but the broad trend was crystal clear: Output growth is dead, prices have been jacked up, and revenue is, as a result, rising moderately.

  • And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in Link
    Businessweek Tue 09 Aug 2022 19:18

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • But those benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency Link
    Businessweek Tue 09 Aug 2022 19:18

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • 4) Executive freedom: Unlimited PTO is common in the upper tiers of organizational charts—typically filled by executives whose jobs require them to respond to calls and emails even on days off Link
    Businessweek Tue 09 Aug 2022 19:18

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • 3) Less administrative hassle: Tracking accrued vacation time requires multiple layers of record keeping in HR and the accounting department Link
    Businessweek Tue 09 Aug 2022 19:18

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • 2) Cost savings: If an employee accrues 20 days of PTO per year and leaves the company after taking only five of them, the company could have to pay the employee for the remaining 15. Multiply that by millions of employees and it can add up quick Link
    Businessweek Tue 09 Aug 2022 19:18

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • 1) Recruitment and retention: An unlimited PTO policy makes an employer more appealing to prospective and existing employees. Recruiters also like it because it helps them avoid wrangling over vacation time in negotiations Link
    Businessweek Tue 09 Aug 2022 19:13

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • Unlimited PTO can seem like a dream benefit for workers. And there are plenty of reasons for companies to adopt such plans—none of which directly relate to employee leave Link
    Businessweek Tue 09 Aug 2022 19:13

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • Unlimited PTO might look good to potential hires, but it's really employers that benefit Link
    Businessweek Tue 09 Aug 2022 19:03

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • Drew Afualo has become one of TikTok's biggest stars by using trolls’ tactics against them Link
    Businessweek Tue 09 Aug 2022 18:43

    Drew Afualo’s laugh is a weapon, a cri de coeur, and a cleansing fire. It’s a staccato, full-chested explosion of high-pitched emotion and outrage. It’s also brimming with the shock of recognition: Of course this jerk would say that. Afualo says it’s just how Polynesian people laugh (she’s Samoan), but she deploys it as a kind of punchline and for a very specific purpose. She makes some of the

  • While right-wing politicians have fought to keep all kinds of messages out of children’s education, some conservatives have latched on to the Ayn Rand-espousing Tuttle Twins Link
    Businessweek Tue 09 Aug 2022 18:12

    While right-wing politicians and activists fight to keep all kinds of supposed messages out of children’s education, the Tuttle Twins are trying to build an online audience of budding Milton Friedmans and Friedrich Hayeks.

  • Coinbase pledged to bring "more economic freedom to the world." But an insider trading allegation highlights some problems with the company's embrace of more volatile currencies Link
    Businessweek Tue 09 Aug 2022 18:06
    banned from engaging in activism at work, he announced, and should refrain from advocating for political and social issues in the office. Anyone who disagreed would be asked to resign, and the only workplace politics allowed in the future would be related to Coinbase’s “mission,” which was “building the most trusted and easiest to use financial products that help people access the cryptoeconomy.” This, he said, would “bring more economic freedom to the world.”

    Armstrong’s message led to some resignations, and tons of media coverage ahead of Coinbase’s public stock listing. Detractors, including former Twitter CEO

  • RT @wealth: Phil Mickelson and 10 other professional golfers sued the PGA claiming a suspension for joining the Saudi Arabia-financed LIV T…
    Businessweek Tue 09 Aug 2022 17:41
  • Unlimited PTO can be a dream worker benefit—and a cost-saving measure for companies, too. Link
    Businessweek Tue 09 Aug 2022 17:31

    It’s trendy for employers to offer unlimited paid time off, and for good reason: To workers, it seems like a dream. Roughly 1 in 10 companies has adopted such plans, and they’re motivated by four primary benefits, none of which directly relate to employee leave.

    All these benefits can blind an organization to the problems of unlimited PTO. The policy doesn’t work with hourly employees (unlimited unpaid time off can), and it can breed inequity and inconsistency, because it depends on manager approval. And, critically, a simple unlimited PTO policy doesn’t fix the problem of burnout among employees who don’t take enough time away from the office. With unlimited PTO, the always-on mentality can slip in, manifesting in people answering emails even while attempting to take time away from work, because they’re worried that a colleague who’s in the office—not lounging on the beach—might get an edge on a promotion.

  • RT @luxury: The English country estate used in the BBC's 'Pride and Prejudice' mini-series is for sale Link
    Businessweek Tue 09 Aug 2022 17:21
    Luckington Court in Wiltshire, a Grade II* listed property that was famously used as the location for the Bennet family home Longbourne in the BBC’s 1995 Pride and Prejudice mini-series, have slashed a third off the asking price to attract and seal the deal with their own figurative Mr. Darcy.

  • Big Tech is spending lots of money to make antitrust reform seem scary Link
    Businessweek Tue 09 Aug 2022 17:16

    In a short video ad posted online in May, a middle-aged man gives a scary speech while adjusting a large object hidden under a tarp in the bed of a pickup truck. Parked on the street outside a suburban home, he ticks off a few of his favorite tech services—smartphone apps that give driving directions and overnight e-commerce delivery—then says, “Politicians have a plan to get rid of all that.” The video ends with him jumping into the driver’s seat and buckling up as the sentence fragment “

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