Leaked Microsoft documents reveal a new employee rating system only visible to managers
Microsoft introduced a new rating system for employees in performance reviews, documents show. The new ratings determine pay, but Microsoft has instructed managers not to share it. The documents viewed by Insider list and define the ratings. According to documents obtained by Insider, Microsoft implemented a new rating system for employees in performance reviews that…
The cofounder of Fanhouse explains why she resigned from the startup and what she would have done differently if she started it today — including not raising VC funding
Creator Rosie Nguyen started Fanhouse in 2020 with two other cofounders. She said the strings attached to venture-capital funds and cofounder dynamics led her to quit. Nguyen explains what she would do differently as a founder if she were building the startup today. Rosie Nguyen is in the midst of a breakup, but it’s not with…
A top Brevan Howard exec responsible for luring investment talent is leaving the $33 billion macro fund
A top exec at Brevan Howard is departing the $33 billion macro fund. Peter Hornick, head of business development, is leaving, according to people familiar with the matter. Brevan has lost money this year amid a broader route in macro trading. Brevan Howard’s senior executive in charge of attracting top investment talent is leaving. According…
How the Disney-Charter feud over cable fees could burst the sports-rights bubble
Disney and Charter’s public contract battle could hasten the shift of sports rights to Big Tech. Distributors are making it harder for legacy media companies like Disney to bid for valuable sports content. Companies like Amazon and Apple have been able to pay high prices that legacy media can’t. The highly public contract battle between…
Meet the AI company that just raised $1.5 million from investors like Rex Salisbury by betting big on the startup ‘mass extinction event’
SimpleClosure just raised a $1.5 million pre-seed funding round from Rex Salisbury and Vera Equity. The startup uses AI to automate the legal and procedural tasks for when a startup shuts down. The startup industry is predicted to be on the brink of a ‘mass extinction event.’ Dori Yona, Earny co-founder and COO, was presenting financial information…
The rich are competing with private equity to buy sports teams. Here is how they are getting creative in a crowded field.
2023 has been a big year for sports M&A, including a $6 billion sale of the Washington Commanders. Valuations show no signs of cooling off with billionaires and private equity firms in bidding wars. Bankers to the rich told Insider which sports are drawing moneyed clients. Mergers and acquisitions have slowed in most industries around…
‘The pendulum swung too far this summer’: Morgan Stanley’s stock chief warns it’s time to take a risk-off approach to the market given the recent rally — and shares 3 trades to pile into instead
The S&P 500 has rallied 17% this year. But Mike Wilson says the advance is due to end as momentum subsides and spending slows. He likes “defensive growth stocks,” industrials, and energy stocks. According to Morgan Stanley’s Mike Wilson, the stock market’s rally is likely to fizzle out quickly. The bank’s CIO and chief US…
California condor shot near Hollister, $5,000 reward offered
Less than 400 of the majestic birds live and fly in the wild Federal authorities are looking for information about the shooting of an endangered California condor in San Benito County last year. The bird, which was part of a flock based at Pinnacles National Park, was discovered shot multiple times and abandoned on private…
Cal QB Jackson returns to practice, but Wilcox not ready to say if he’ll play against Auburn
Transfer from TCU injured his non-throwing shoulder or arm in season-opening win at North Texas BERKELEY, CA — Cal coach Justin Wilcox did not say whether starting quarterback Sam Jackson V would be available to face Auburn in the Bears’ home opener on Saturday night. However, backup Ben Finley, who performed admirably off the bench…
