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Summary List PlacementDespite a turbulent 2020, Salesforce reported strong earnings on Thursday for its fourth quarter and full year, with annual revenue growing 24%.  The biggest driver of its growth wasn't its flagship Sales Cloud business, but, instead, newer product lines like Service Cloud, Marketing Cloud, and Commerce Cloud.  CEO Marc Benioff has focused on diversifying Salesforce's business beyond sales software to other customer...

Summary List PlacementA former McDonald's employee accused of having a sexual relationship with the company's ousted CEO  has agreed to be deposed in a lawsuit against the former executive. On Friday, McDonald's attorneys announced in a filing that "Employee 2" had agreed to appear for a deposition in a court battle between the fast-food giant and its former CEO, Steve Easterbrook. According to a...

Summary List PlacementMicrosoft just rolled out a new employee-wellness benefit program that lets employees expense as much as $1,200 per year on practically anything to support "physical, mental and emotional, and financial wellbeing" — from student-loan payments to seeds and plants for gardening and cooking classes, Insider has learned.  The new benefit program, called Perks Plus, expands and replaces Microsoft's previous Stay Fit wellness...

Summary List PlacementThe number of diverse founders backed by venture capital continues to rise, which has in turn helped push the number of minority-founded unicorns to 14. Venture capital firm Harlem Capital recently released its third Diverse Founder Report and identified 14 unicorns (those with valuations of at least $1 billion) with diverse founders that have raised $5.7 billion combined. Those unicorns have a...

Summary List PlacementLong-serving Maverick Capital executive Andrew Warford is leaving the $9 billion hedge fund.  Warford, chairman of the firm's stock committee and de facto head of the fund, is departing after 18 years, according to sources familiar with the matter.  Warford holds a sizable economic interest in the fund — he has a stake of at least 25% of the firm, according to...

Summary List PlacementEverybody wants to make a good first impression, and for a mutual-fund manager, nearly doubling investors' money in the first three years will do the trick. That's what Hervé van Caloen has pulled off with the Mercator International Opportunity Fund since its inception in April 2018. Investing in long-term trends like digitizing business and e-commerce, he's assembled a diverse portfolio that held...

Summary List PlacementEditor's note: This article was originally published in 2019 and has since been updated. In early 2017, Tim Gilligan chanced upon a new oat-based drink at his local cafe and decided to give it a try. He had a growing sensitivity to lactose, and his partner had a nut allergy, which had him looking for alternatives to almond milk. Gilligan, who is...

Summary List PlacementWhen Netflix is faced with a big, agenda-setting decision, it convenes a special team of 23 business heads to debate the issue at hand. This team helped shaped recent company moves, like the decisions to open an office in Canada and to invest $100 million in Black-led banks and financial institutions, a Netflix spokesperson confirmed to Insider. The group known internally as...

Summary List PlacementWell before the coronavirus pandemic swept the nation in March, restaurant operators began sounding the alarm about the economic hardships they face when working with third-party delivery companies. The outrage over these obstacles — high commission rates for placement on their vast marketplaces and the refusal to share consumer data — was amplified during the pandemic.  And, no one has screamed louder...

Summary List PlacementWorries about a bubble in the stock market have been growing since valuations spring-boarded off their March 2020 lows amid unprecedented monetary support from the Federal Reserve. These concerns have only grown stronger since November, when investors became excited about the prospect of robust fiscal stimulus from a Democrat-controlled government. Around the same time, pharma companies rolled out multiple COVID-19 vaccine discoveries....

Summary List PlacementWith companies like Twitter and Spotify announcing that employees can work from home (or anywhere) permanently, many business owners may be considering the possibility of transitioning their workforces remote on an ongoing basis.  At first glance, the benefits in this age of COVID-19 are clear: The need to monitor social distancing is eliminated, and there's no concern about community spread or jeopardizing...

Summary List PlacementLaura Vanderkam, podcaster, time management and productivity expert, and author of "Off the Clock: Feel Less Busy While Getting More Done," said that the essence of goal-setting boils down to "figuring out what we can do with the resources available to us."  This year, in light of COVID-19, this includes being honest about your mental and emotional reserves, sources told Business Insider.  ...

Summary List PlacementIf you recently shopped for health insurance but found it unaffordable, you might want to give it another shot soon.  The $1.9 trillion coronavirus relief bill that congressional Democrats are writing includes some of the most consequential changes to the Affordable Care Act seen in more than a decade. People who lost their jobs during the pandemic would get help. So would...

Summary List PlacementBack in 2017, "no-code" software startup Unqork was in the thick of pitches to venture capitalists when the company's founding team began to hear a certain refrain.  "You're too old, you're not entrepreneurial enough, you don't know how enterprise sales works," Founder and CEO Gary Hoberman, then 45, told Insider, repeating some of the comments. "Meanwhile, I have eight patents." "You're too...

Summary List PlacementOn a torrid summer day, basements are the place to be. They typically run several degrees colder than the rest of the house, largely because the temperature below the Earth's surface is cooler.  In fact, no matter how hot or cold it is outside, the temperature 10 feet down remains roughly constant, at about 55 degrees Fahrenheit, according to the geothermal startup...

Summary List PlacementPublicis is one of the oldest and biggest marketing businesses in the world. Founded as an ad agency in 1926 by 20-year-old Parisian Marcel Bleustein-Blanchet, it grew to become a top global firm after World War II, thanks to its close ties to the French government. Publicis agencies created classic campaigns like "You're in good hands with Allstate," "Labour isn't working," and...

Summary List Placement2020 marked ups and downs for Google's hardware division. Some big names departed, while the company tried to launch brand new smartphones in a challenging market. But this year could be even more significant: CEO Sundar Pichai promised we will see some of the Google's "deeper investments" in hardware play out next year.  Hardware is hard, but Google knows it needs to...

Summary List PlacementTo say that the COVID-19 pandemic was business as usual for someone who runs a VC fund is actually inappropriate: it was actually the busiest period since my cofounder and I started our firm three and a half years ago. At the height of the pandemic, not only did we lead 11 investments in four months but we were able to stretch...