No bosses, no managers: the truth behind the ‘flat hierarchy’ facade | André Spicer | Opinion

Imagine working for a company with no bosses. On your first day, you are given a handbook for new employees. This will be “the greatest professional experience of your life”, you read. “We don’t have any management, and nobody reports to anybody else.” You can decide which projects you work on. If you hate who you’re sitting next to you can simply move – there are wheels on the bottom of your desk to help. The company has some exciting

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Trump administration considering tax break on capital gains

The Trump administration is studying the idea of implementing a big tax break for wealthy Americans by reducing the taxes levied on capital gains, but no decision has been made yet on whether to proceed. Administration officials said Tuesday that Treasury Secretary Steven Mnuchin prefers deferring to Congress. But he does have his department studying the economic impact of such a change and the legality of proceeding without congressional approval. The change would involve taxing capital gains — profits on

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CBS board to select counsel for investigation

Erin Jensen USA TODAY Published 1:24 p.m. UTC Jul 31, 2018 The CBS Board of Directors announced Monday it is “in the process of selecting outside counsel to conduct an independent investigation” of CEO Les Moonves following a New Yorker report in which six women accused Moonves of sexual harassment.   “No other action was taken on this matter at today’s board meeting,” a press release stated. Additionally, the board announced it would postpone CBS’ annual meeting of stockholders previously scheduled

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British Gas owner hints bills could rise for second time this year | Business

Centrica, the owner of British Gas, has hinted that bills could go up for a second time this year, after reporting a 20% drop in profits at its consumer arm and more customer account losses. British Gas, the UK’s biggest energy supplier, lost 341,000 customer accounts in the UK in the first half of the year, although the rate of losses slowed. Operating profit at the business fell to £430m. Centrica said it was keeping its tariffs under review, noting

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CEO confirms Credit Suisse seeking Saudi banking license

ZURICH (Reuters) – Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam personally traveled to Saudi Arabia to apply for a banking license, he said on Tuesday, confirming Reuters information the Swiss bank is seeking a full banking license in the Middle East’s biggest economy. Tidjane Thiam, CEO, Credit Suisse Group AG, speaks at the Milken Institute 21st Global Conference in Beverly Hills, California, U.S., May 1, 2018. REUTERS/Mike Blake – RC1318620A00 “I have been to Riyadh, I met the head of

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Nintendo reports jump in earnings thanks to Switch

Nintendo Co. said Tuesday that its quarterly profit jumped 44 percent in the fiscal first quarter thanks to increased sales of Nintendo Switch game titles. The Japanese maker of Super Mario and Pokemon games said its net profit totaled 30.6 billion yen ($274.9 million) during the April-June period, compared with 21.3 billion yen a year earlier. Quarterly sales rose 9 percent to 168.2 billion yen ($1.5 billion) over a year earlier while operating profit surged 88 percent to 30.5 billion

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Dixons Carphone: 10m customers hit by data breach – investigation | Business

Dixons Carphone said an investigation into a massive data breach has found personal data belonging to 10 million customers may have been accessed last year, nearly 10 times as many as initially thought. The electronics retailer had estimated the attack involved unauthorised access to 1.2 personal records, when it first reported the breach in June. It said there was no evidence of any fraud. Alex Baldock, the chief executive, said: “Since our data security review uncovered last year’s breach, we’ve

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Alexa von Tobel’s calling? Teaching money life lessons

NEW YORK (Reuters) – When you are known for starting a personal finance company, people expect you to have your own financial house in order. But that was not always the case for Alexa von Tobel, founder of LearnVest.com. Alexa von Tobel, CFP, founder and CEO of LearnVest.com poses in New York, U.S., in this photo provided July 30, 2018. LearnVest/Handout via REUTERS After graduating from Harvard, von Tobel felt unprepared for the money aspect of adult life. In 2007,

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Harley-Davidson rebels with an electric motorcycle

Smaller bikes, electric engines and urban storefronts: Harley-Davidson, we hardly knew you. The Milwaukee-based company, facing dwindling sales in its home market, said Monday it hopes to broaden its appeal and invigorate sales with new products, which next year will include LiveWire, its first electronic motorcycle. Harley-Davidson, known for its car-alarm triggering engine rumble, said LiveWire will have no clutch and no gears with the goal of making motorcycle-riding accessible to more people. The new products and strategic initiatives come

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How to vacuum like a pro

Living a good life is about balancing dream chasing and unsung labors. These labors include cooking, looking after your kids, and of course, vacuuming. Floor care is a drag, there’s no doubt about it. However, if you’re not doing it right, then what should be a weekly chore becomes an insurmountable obstacle towards getting a clean house. These are the most common vacuuming mistakes and how to avoid them. 1. Try dusting beforehand If you don’t dust before your vacuum,

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