It’s no secret that knowing the right people can open doors. Now, Gen Zers are attempting to get a fast-track ticket to success by dating people in high places—or “throning,” as the viral trend is being called. The new slang term essentially means dating someone who boosts your social status, and nearly 30% of singletons have been using it as a leg up the hierarchy, according to the dating app Plenty of Fish. Read more: https://lnkd.in/eBZQgY5d
Fortune
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Fortune lights the path for global leaders — and gives them the tools to make business better
About us
FORTUNE is a global media organization dedicated to helping its readers, viewers, and attendees succeed big in business through unrivaled access and best-in-class storytelling. We drive the conversation about business. With a global perspective, the guiding wisdom of history, and an unflinching eye to the future, we report and reveal the stories that matter today—and that will matter even more tomorrow. With the trusted power to convene and challenge those who are shaping industry, commerce and society around the world, FORTUNE lights the path for global leaders—and gives them the tools to make business better.
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http://www.fortune.com
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Employees at Fortune
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Victoria Slivkoff
Extreme Tech Challenge | Walden Catalyst Ventures | Deep Tech
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Mallun Yen
Founder of Operator Collective, a venture firm and community of founders and operator LPs
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Chris Morris
Contributing Writer at Fortune Magazine (and Fortune.com), Nasdaq.com, Fast Company, AARP and more.
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Don Ross
Updates
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Gen Zers, keenly aware of how quickly tech’s latest innovations can grow out of control, feel some anxiety when it comes to AI. A staggering 62% of them believe that AI could replace their jobs within the next decade, according to recent surveys of 1,180 employed adults in the U.S. and 393 executives in the U.K. conducted by General Assembly, a technology education provider. It turns out that while the younger and more vulnerable generations are shaking in their boots, most CEOs are not batting an eye. Just 6% of directors and VP-level executives believe that AI poses a threat to their job, according to the survey results. Read more: https://lnkd.in/eV-dC2F6
Most Gen Zers are terrified of AI taking their jobs. Their bosses consider themselves immune
fortune.com
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Staffers who flout their employer’s company card rules or expenses policy are in for a rude awakening. Not only are their movements being tracked more carefully, but their job could also be on the line if they’re found to be in breach. According to a director at Payhawk, a company that monitors and blocks spending on company cards, bosses are asking for increasing scrutiny of their employees’ actions. Read more: https://lnkd.in/eNnBbXkM
Employers are cracking down on company credit cards by blocking late-night spending and banning expensive lunch spots
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“Way more than most people want to sign up for.” https://lnkd.in/eAjshZSB In an interview with Fortune, Airbnb founder and CEO Brian Chesky said that he worked 80-100 hours a week for years. “So here’s the paradox. I’m in many more details, and yet have way more free time on my hands than the old way where I wasn’t involved,” Chesky said. “Because in the old way, you still have meetings, but you have meetings for things going wrong,” he added. Read more here: https://lnkd.in/eAjshZSB
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Content creators are having a tougher time making money online as a bigger slice of the revenue pie goes to those at the top of the creator economy. The percentage of Bank of America customers earning income as content creators has continued to decline and is now 0.20%, the bank said in a note. In fact, the share has now fallen three years in a row after peaking in 2021, when it was 0.25%. Read more: https://lnkd.in/emvDbQxK
More people are dropping out of the creator economy as those at the top get a bigger share of brand deals
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As more and more members of Gen Z enter the workforce, they’re starting to develop ideas of what it means to be financially successful. According to a recent survey from financial firm Empower, Gen Zers on average believe an annual salary of $587,797 and net worth of $9.47 million are needed when they envision “financial success.” Gen Z may not realize this, but that kind of success would put them in the upper, upper echelons of American wealth. Read more: https://lnkd.in/eqJDHQ_Q
Gen Zers' definition of financial success includes joining the top 1% — and they're really confident about making it
fortune.com
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JPMorganChase CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity—instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees. Even Dimon—a fierce advocate of long-established career norms such as working hard, being prepared for anything and working in the office—says future generations of employees could work a day and a half less every week, thanks to AI. As well as the working week shrinking from five to three and a half days a week, Dimon also predicts that staff in the future could live to 100 years of age. Read more: https://lnkd.in/e5d-GG3A
Jamie Dimon says the next generation of employees will work 3.5 days a week and live to 100 years old
fortune.com
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After a difficult few years exploring blue-sky opportunities, Goldman’s founder liquidity pipeline is part of a broader strategy that sees the blue-chip bank returning to it roots of serving the ultra-rich. “We’re sticking to our knitting,” says Goldman Sachs’ investment banking advisor Susie Scher, who is also a senior advisor at Goldman and has been at the firm for 27 years. “But we have growth businesses within those businesses.” Scher and the firm’s global head of private banking, Nishi Somaiya, offered a behind-the-scenes look into how Goldman Sachs helps America’s wealthiest founders live lavish lifestyles, buy out stakes from their co-founders, or help keep the companies in growth-mode while waiting for an IPO—without having to water down their stake. Read more: https://lnkd.in/gFQ97V6U
EXCLUSIVE: How Goldman Sachs turns founder equity into private jets, yachts, and more private equity
fortune.com
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Americans are losing sight of what their national dream is actually about, according to Grammy award-winning artist and philanthropist Pharrell Williams. Speaking on stage at Web Summit in Lisbon, the “Happy“ singer said society should focus less on monetary success and more on career fulfillment. Williams’ words come as American society is becoming increasingly disenfranchised with the notion of the "American Dream." Read more: https://lnkd.in/eJ-E5bvt
Pharrell Williams says the American dream isn’t about money—it’s about doing something you love instead of ‘settling for the next best thing’
fortune.com
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We're officially less than one week away from Fortune Brainstorm Design in Macau. Now in its fifth year, #BrainstormDesign explores the ways in which design and design thinking can contribute to challenges related to climate change and sustainability; diversity and inclusion; ethics; and more. Learn more and see our full list of speakers here: https://lnkd.in/dpgHXh5P