Author: Editor

Tim Cook took on a daunting job when he became Apple CEO in 2011 — and turned it into a 15-year run. Loading audio narration… He’ll be leaving his CEO role behind and becoming Apple’s executive chairman September 1. Cook will be succeeded as CEO by hardware boss John Ternus.Though Cook will stay in Apple’s chief role for several months to help with the transition, observers are already reflecting on his legacy.Cook has been widely regarded as a steady leader who brought stability and scale to Apple in the post-Steve Jobs era. He’s spent over a decade building a reputation…

This as-told-to essay is based on a conversation with Bernard Hampton, managing director and head of Bank of America’s learning and skill development organization, The Academy. He’s based in Fort Lauderdale. The following has been edited for length and clarity. Loading audio narration… We learn from disappointment in life.There was once a time, around 2010, when I didn’t get a role. A key quality for the role was leaders who were helping peers elevate their performance, beyond leading high-performing teams. Ultimately, I didn’t get it because I made assumptions.I assumed my leader knew that I stood up a weekly routine,…

Gen Z founders have launched into the business world with a bang, and legacy brands have been trying to keep up ever since. Just ask Eve Halimi.Halimi and Anam Lakhani created Alinea, an investment platform designed for the next generation of wealth-builders, in 2021. The pair began building Alinea after interning on Wall Street, where one thing became crystal clear: the rich were getting richer.”The richer were getting richer through the stock market, and people who didn’t have the means weren’t learning about it elsewhere,” Halimi, 29, told Business Insider. “We saw this really big gap.”For the uninitiated, learning to…

A few years ago, Song Ma, a professor of finance and entrepreneurship at Yale, found himself torn between two competing ideas about the state of the workplace.The first was that the #MeToo movement had generated a powerful wave of reforms to protect victims of abuse. Starting in 2018, states including California, New York, and Washington had passed laws to weaken non-disclosure agreements, which had long been used to silence victims of harassment at work. In 2022, Congress passed the Speak Out Act, which prevents employers from being able to demand workers to sign NDAs preemptively, before an incident or dispute…

A California prosecutor is accusing Amazon of illegally raising prices for Americans. Loading audio narration… In a press release on Monday, California Attorney General Rob Bonta said that Amazon is price fixing and colluding with vendors and retailers to raise costs for Americans beyond what the market requires.”Amid a crisis of affordability, Amazon is illegally working to rake in profits by making sure consumers have nowhere else to turn to for lower prices,” Bonta said. “We’ll see them in court.”In the press release, he said he had publicly released evidence of Amazon’s price-fixing, linking to a 19-page memo. Among many…

Jona Dunning spent years climbing the corporate ladder and saving aggressively to retire early. Loading audio narration… He worked in finance in Seattle, living with his wife and two kids. The job was demanding but well-paid, and he saw it as a path to financial independence.”I realized that the paychecks aren’t making me happier, but they are a vehicle that can help me to really accelerate things for my family and for me,” Dunning, now 40, told Business Insider. This story is part of our Retirement: Chiang Mai series, which follows people choosing to retire in northern Thailand for reasons…

The Onion has a new plan to take over Infowars — and the CEO of the satirical news site it goes well beyond owning Alex Jones. Loading audio narration… “We have grand designs,” Ben Collins, CEO of the Onion, told Business Insider. He said they want to turn the conspiracy theory-fueled site created by Jones into a satire engine that goes after “the grievance culture that has completely subsumed our American way of life and our politics.”The Onion said Monday that it struck a deal to license the Infowars name and website from Greg Mulligan, the court-appointed receiver who was…

Tim Cook wants you to know he’ll remember your emails. Loading audio narration… The CEO, who announced on Monday he’ll be transitioning out of the top job on September 1, reflected on his time at Apple in a letter posted to the company’s website.”For the past 15 years I’ve started just about every morning the same way,” Cook wrote. “I open my email and I read notes I received the day before from Apple’s users all over the world.”Cook, who will remain at Apple as executive chairman, wrote that hearing from customers all around the world gave him a feeling…

John Ternus, Apple’s new CEO, is no Steve Jobs. Loading audio narration… Which could be just fine. Tim Cook, Apple’s current CEO, is also no Steve Jobs. And while some people still pine for the Jobs era, the Tim Cook era worked out very nicely for Apple and its shareholders: Some 3 billion iPhones sold, and a market value that leaped from $300 billion to $4 trillion over 15 years.Perhaps the Ternus era will work out similarly. Like Cook, the 50-year-old isn’t known for inventing a signature Apple product, but doing the behind-the-scenes stuff that makes it possible for you…

Red Lobster’s CEO said two years ago that he didn’t plan to revive the chain’s mega-popular $20 “endless shrimp” promotion because, as he put it, “I know how to do math.” Loading audio narration… Well, the all-you-can-eat crustacean pig-out — which was removed from the menu after it cost the seafood chain $11 million in three months — is back.Damola Adamolekun, who became chief executive in 2024, doesn’t really have to eat his words, though, because this time there are some caveats.The meal costs $24.99, and it’s returning for a limited time. It also applies just to dine-in orders, and…