Boeing is looking for a $19 billion boost
A Boeing sign on a facility in Seattle. Boeing needs cash, and it’s trying to raise almost $19 billion as the company looks to boost its liquidity. The planemaker announced Monday that it is offering 90 million common shares and about $5 billion of depositary shares for sale. Based on Friday’s closing share price of…
California’s attorney general is investigating a school district over its handling of Rosemead High sex abuse claims
Three former students return to Rosemead High, in Southern California. All have filed suit claiming they faced sexual harassment and abuse as students. The California attorney general is investigating a Southern California school district over whether it properly handled claims of educator sexual abuse and misconduct, records reviewed by B-17 show. B-17 was the first…
Partner pay at Big 4 firms is dropping, the latest sign of the consulting slowdown
Three of the Big Four consulting giants are headquartered in London. Partner payouts at the Big Four consultancies are falling as demand for professional services declines and firms increase the number of partners. At EY, partner payouts in the UK, where the global consulting and accountancy firm is headquartered, were down 5% this year. UK…
VMware customers are seeing massive late fees since Broadcom acquired the company
Broadcom CEO Hock Tan VMware customers have been experiencing sticker shock since Broadcom acquired the software company nearly a year ago. Besides massive price increases, some customers are being hit with a late fee of around 20%, according to two partners. They said customers have been caught off guard because these are net new subscriptions.…
How a Trump or Harris presidency could impact your investments
With the presidential election just over a week away, and the candidates in a dead heat in the polls, Americans are in suspense about how their lives will change under a new leader. B-17 has prepared a five-part refresher for the final stretch that will unpack the potential impact that both Donald Trump and Kamala…
Elon Musk took the stage at a Trump rally to talk about taxes and the ‘Department of Government Efficiency’
Elon Musk on Sunday gave a brief speech at a campaign rally for Donald Trump in New York. At a campaign rally for former President Donald Trump in New York on Sunday, Elon Musk said he’d save the United States $2 trillion through a department of government efficiency. Howard Lutnick, the CEO of the financial-services…
Should you be at that meeting? An ex-VP of HR at Microsoft shares how to rank the room — and decide if you should even be in it.
Chris Williams, an ex-VP of HR at Microsoft said if you’re going to be ranked a two or lower, just decline the meeting. In over 40 years of executive experience, I’ve been in far too many meetings. Even as the VP of HR at Microsoft, there were overcrowded meetings I should’ve avoided. Meeting bloat feels…
Russia can’t sustain its attack on Ukraine without North Korean troops, NATO chief says
NATO Secretary General Mark Rutte confirmed North Korean troops were deployed to Ukraine during a press conference on October 28, 2024. NATO’s chief said Russia can’t sustain its invasion of Ukraine without North Korean troops. Mark Rutte said at a press conference on Monday that North Korean troops were deployed to Russia’s Kursk region, where…
The end of corporate climbingGetting ahead was once a cornerstone of the American Dream. Now, many professionals are actually turning down promotions.
Late last year, two of Zack’s managers at the construction and engineering firm where he works pulled him aside. Congratulations, they said. You’re getting promoted to be the head of the department. They told him the role would come with a 10% raise — or maybe even more. They thought they were rewarding him for…
