The largest experiment in implementing a four-day workweek has begun in the United Kingdom. According to The Guardian, the 4 Day Week UK program will involve 3,300 employees from 70 organizations. The 4 Day Week program is being held in the United Kingdom thanks to the efforts of New Zealand entrepreneurs Andrew Barnes and Charlotte Lockhart, as well as scientists from Oxford, Cambridge, and...

Musk wrote to Tesla's top managers about unacceptability of working remotely. The richest businessman in the world demanded that managers spend at least 40 hours a week at their workplace or quit their jobs. Tesla CEO Elon Musk demanded from top managers of the company to come back from remote work to the office or to quit the company. This follows from a copy of a letter on behalf of Musk that...

After reporting unprecedented losses at two investment firms, Japan's SoftBank has reduced the wages of its senior executives. The downsizing had little effect on Masaesi Son, the billionaire CEO. After reporting historic losses at its two investment funds, Vision Fund 1 and 2, Japanese company SoftBank has slashed the compensation of its senior executives. It was reported in the Financial Times,...

Jack Dorsey, the creator and CEO of Twitter, has resigned. Axios reported on this. In November 2021, Jack Dorsey declared his intention to depart the firm. CTO Parag Agrawal will take his place. Jack Dorsey was one of Twitter’s co-founders. The service was created as an internal service for Odeo employees and was envisioned as an analog of SMS, message networks, and a website. However,...

According to estimations by Forbes, aggregate fortunes of the 11 richest billionaires who made their capitals from cryptocurrencies decreased by $49.06 billion in the two months following the crypto market crash. Bitcoin has lost 35% of its value since early April, and has now dipped below $27,000 for the first time since December 2020. Binance exchange founder Changpeng Zhao, the world's...

Change is scary. How do you make plans? How do you manage a company? How do you act quickly and efficiently? Expecting things to settle down in a year or two means ignoring the obvious: change is the new normal. We need to adapt not from time to time, but constantly. Change activates people's survival channel, a signaling system that looks for and reacts to threats. It's useful if it's...

CalPERS, the largest US public pension fund, will vote to replace Warren Buffett as chairman of Berkshire Hathaway, Reuters writes citing the fund's documents. The agency specifies that in doing so, the organisation intends to vote to keep Buffett as CEO. Another Berkshire shareholder, the National Legal and Policy Center, suggested in March that the positions of chairman and chief executive...

According to documents at the US Securities and Exchange Commission's website, Elon Musk, the American entrepreneur and founder of SpaceX and Tesla, will join the Board of Directors of Twitter for two years, after announcing his ownership of the company the day before (SEC). Musk will be appointed to the board as a Class II director, with a term ending at the company's annual meeting of...

The British HSBC Plc, one of the world's largest banks, is revising its experts' research reports to remove the word "war" from the context of Russia's operation in Ukraine, reports the Financial Times (FT) citing two sources familiar with the matter. According to the Financial Times, the bank's committees in charge of previewing all of the bank's public research materials changed the word "war"...