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Category: Workplace Issues

Why More Women Aren't CEOs

On July 1, KPMG's Lynne Doughtie will become the first woman to hold both the CEO and chairwoman positions at a Big 4 firm. Doughtie will join Cathy Engelbert, Deloitte's CEO, in the Big 4 C-Suite. And so, come July, half of the Big 4 will be run by women. To be sure, this is a sign of great progress with respect to gender equality in the workplace. Unfortunately, it is also a reminder of just how few women still hold senior roles in U.S. firms. Read More >

Move Over Jazzercise, It's Time to Deskercise!

A recent study published in the Annals of Internal Medicine warned of the dangers of sitting of prolonged periods of time. The researchers found that people who sit for eight or nine hours a day increased their risk for cardiovascular disease by 14 percent, cancer by 13 percent and diabetes by 91 percent. As terrifying as those statistics are, many office workers find it difficult to leave their desks during the day. Read More >

Tricked-Out Cadillacs Are the New Corner Office

You've probably heard about (if not ridden in one of) those vans equipped with Wi-Fi and other amenities that cart the average tech worker at Facebook and other companies to their respective jobs in Silicon Valley. But what about the big swinging managers at the top of those firms? What do they take to get to their corner offices in traffic-congested places like the Bay Area? As it turns out, more and more of them are getting in tricked-out Cadillacs created by L.A. Read More >

Why ‘Cultural Fit’ Hiring Is Detrimental to Law Firm Diversity

Last week my colleague Derek Loosvelt aptly discussed the dangers of "cultural fit" hiring, drawing on some examples from Vault's surveys of banking and consulting professionals as they relate to Lauren Rivera's opinion piece in last week's NY Times. Read More >

Young Banker Loses Two Jobs Over One Email

Poor Justin Kwan. The second-year Barclays banker thought he was merely making a harmless joke or two when he sent an email to the new class of summer interns with the subject line "Welcome to the Jungle" and including in its body the "10 Commandments" of the power and utilities banking group, of which he was a part. Instead, Kwan's email, which was anything but harmless (in fact, it was quite humorless), was quickly posted on scores of websites, including Gawker, Dealbreaker, and WSJ. Read More >

Disney’s Disgraceful Tech Layoffs

I get that companies are in the business of making money and one of the ways to make money is to cut costs, but this move by Disney to layoff 250 tech employees in order to replace them with cheaper labor in the form of H-1B visa holders is downright disgraceful. And here's to hoping it will backfire against Walt & Co. … about 250 Disney employees were told in late October that they would be laid off. Read More >

Republican or Democrat: Which Way Does Your Industry Lean?

Does your occupation determine your political leaning, or your political leaning dictate which occupations you'd consider? Either way, a recent study from Verdant Labs provides some fascinating insights into the political divisions across the workforce. Read More >

WARNING: Working on Wall Street Kills

In the wake of two recent deaths of young Wall Street bankers, it seems a good time to revisit the subject of punishing hours in investment banking. In case you hadn't heard, earlier this week news spread about a 22-year-old Goldman Sachs analyst who'd fallen to his death in what appears to have been suicide. Read More >

When Should You Quit a Job on Principle?

Let me start this post with an admission: as someone who's fanatical about the beautiful game, I've been doing very little except following the FIFA scandal since it started unfolding last week. So there's really nothing else for me to do at this juncture but find some kind of careers angle to give me an excuse to write about it! Looking at the situation from a careers rather than a sporting integrity lens, there are all kinds of angles that I could take. Read More >

Does Hiring Based on 'Cultural Fit' Encourage Discrimination?

My first job after graduating college was working as a financial analyst for an investment bank in New York. A couple weeks into that first job, one of the associates I worked with told me how the behind-the-scenes decision making process went in my hiring: The managing director of the group in which I worked wanted to hire another candidate with a higher GPA and better (more directly-related) internships. Read More >

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