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AI could erase half of all entry-level white-collar jobs, CEO warns #shorts
60 Minutes· 2025-11-17 16:20
Job Market Impact - AI could potentially eliminate 50% of entry-level white collar jobs within 1 to 5 years [1] - This could lead to a significant unemployment spike, potentially reaching 10% to 20% [1] - Entry-level positions in consulting, law, and finance are particularly vulnerable to AI automation [2] - The impact of AI on jobs is expected to be broad and rapid, exceeding previous technological disruptions [2]
Protiviti Congratulates Brand Ambassador Matt Fitzpatrick on Victory at the DP World Tour Championship
Prnewswire· 2025-11-17 12:00
Core Insights - Matt Fitzpatrick won the 2025 DP World Tour Championship, marking his third title in this event and the 11th professional win of his career [1][2] - Protiviti, as Fitzpatrick's brand ambassador, donated 25,000 meals through its 'Birdies for Meals' campaign, which has provided over 700,000 meals since its inception in 2021 [1][4] Company Overview - Protiviti is a global consulting firm with expertise in various sectors, including finance, technology, and risk management, operating in over 25 countries [5] - The firm has been recognized on the Fortune 100 Best Companies to Work For list for 11 consecutive years and serves a significant portion of Fortune 100 and Fortune 500 companies [5]
X @The Wall Street Journal
Top consulting and finance firms are wooing elite-school students earlier than ever. “As soon as you move into your dorm room, you might get pinged by McKinsey.” https://t.co/GFHRrNdKIa ...
X @The Wall Street Journal
Top consulting and finance firms are wooing students at elite schools earlier and earlier, igniting a debate over “career funneling” https://t.co/ixFk742wqT ...
X @The Wall Street Journal
Top consulting and finance firms are wooing elite-school students earlier than ever. “As soon as you move into your dorm room, you might get pinged by McKinsey.” https://t.co/lI4eTjsaKB ...
'Who You Spend Your Time With Shapes Everything' — Investor Kevin O'Leary Warns Harvard Students Against Surrounding Themselves With Mediocrity
Yahoo Finance· 2025-11-14 14:45
"Shark Tank" investor Kevin O'Leary issued a scathing critique of the consulting industry, calling it a "waste of a soul and a life" for graduates of elite institutions like Harvard University. Speaking to Fox Business about the career choices of top students, the "Shark Tank" investor said that for decades, Harvard has functioned as a "farm production unit for consultants." He estimates that roughly one-third of every class chooses this path. His main objections center on the lack of consequential decisi ...
BTS Group AB appoints Nomination Committee
Globenewswire· 2025-11-14 09:00
Core Points - BTS Group AB has appointed a Nomination Committee ahead of the Annual General Meeting 2026 [1][2] - Anders Dahl has been appointed as the Chairman of the Nomination Committee [1][5] - The committee's responsibilities include proposing candidates for various positions and remuneration for board members and auditors [2] Company Overview - BTS Group AB is a global consultancy firm based in Stockholm, Sweden, with approximately 1,200 professionals across 37 offices on six continents [2] - The company specializes in strategy execution, change management, and people development, serving a wide range of client needs [2] - BTS has been in operation for over 35 years, focusing on the people-side of change and enhancing performance through proprietary methodologies [2] Shareholder Engagement - Shareholders are invited to submit proposals to the Chairman of the Nomination Committee via email [2]
AI Is Writing Performance Reviews. What Could Go Wrong?
Insurance Journal· 2025-11-14 07:20
Core Insights - JPMorgan Chase & Co. is allowing managers to use artificial intelligence (AI) for writing performance reviews, which may alleviate the burden of this annual task while raising concerns about the quality of feedback provided to employees [1][2] Group 1: AI Integration in Performance Reviews - The use of AI in annual assessments can save time for managers and potentially yield more useful feedback compared to traditional human-only evaluations [2] - JPMorgan's guidelines emphasize that AI should assist but not replace human judgment, explicitly prohibiting its use for assigning performance scores or making pay and promotion decisions [2] Group 2: Employee Perception and Credibility - Employees may perceive AI-assisted reviews as less credible, questioning whether their managers genuinely believe the feedback provided [5] - There is a risk that AI-generated reviews could be overly positive, failing to address performance issues adequately, which could lead to employee cynicism regarding the review process [5] Group 3: Broader Industry Trends - Companies are increasingly evaluating how employees utilize AI, with firms like KPMG and Shopify incorporating AI usage into their review criteria [6] - Other companies, such as Rippling, are developing systems that assess employee performance more comprehensively, categorizing new hires based on their output during the initial 90 days [8] Group 4: Limitations of AI in Performance Evaluation - HR experts caution that AI has limitations in performance evaluation, emphasizing the need for a clear definition of success at both the company and individual job levels [9][10] - Effective performance reviews still require thoughtful consideration of what constitutes good performance, indicating that AI cannot fully replace human insight [10]
Some updates: Wise Plc, Rightmove Plc, Eurokai KgAA, Bouvet ASA, Bombardier
Value And Opportunity· 2025-11-13 16:12
Wise Plc - Wise experienced strong growth in transfer volume, new customers, and deposits, with increases ranging from 18% to 37% [1] - Profit before tax and margins declined, while underlying profit increased by 13% with a low take rate of 0.52% [1] - The stock initially reacted strongly but later stabilized, indicating investor understanding of the strategy to gain market share through lower prices [2] Rightmove Plc - Rightmove is a highly profitable company but has seen little share price movement over the past five years [3] - Following a quarterly update, the stock dropped by 28% due to concerns over planned AI investments that may lower operating profit until 2028 [4] - Analysts express skepticism about the scale of AI spending, with expectations that any expenses should be offset by savings [5][6] Eurokai KgAA - Eurokai's 9M trading update indicates strong growth expected in 2025, particularly in the Eurogate segment [7] - The company announced a term sheet to sell 20% of the Eurogate Hamburg Terminal, potentially worth 100 million EUR, with 50% of that benefiting Eurokai [7][8] Bouvet ASA - Bouvet's third quarter was particularly weak, with EPS down approximately 10% year-over-year, attributed to personnel costs growing faster than sales [9] - The stock price reflects limited growth expectations, trading at 15-16x EPS, which is considered cheap [9] Bombardier - Bombardier's Q3 results showed operational improvements, with sales, EBITDA, and EBIT all increasing by over 10% [10] - Significant cash flow improvement in the quarter may enable share buybacks in the future, with the stock price surpassing 200 CAD per share [10]
Gartner Announces Proposed Offering of Senior Notes
Businesswire· 2025-11-13 14:26
Core Viewpoint - Gartner, Inc. has announced a proposed offering of senior unsecured notes to repay existing borrowings, cover related fees, and for general corporate purposes [1][2]. Offering Details - The offering is being conducted under a registered public offering and is subject to market conditions [1]. - The net proceeds from the offering will be used primarily to repay outstanding borrowings under the existing revolving credit facility [1]. Underwriters - J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., and TD Securities (USA) LLC are acting as joint book-running managers for the offering [2]. Regulatory Filings - Gartner has filed a registration statement with the SEC, which became effective upon filing on November 12, 2025 [3]. - Investors are encouraged to read the base prospectus and preliminary prospectus supplement for complete information about the offering [3]. Contact Information - For inquiries, investors can contact David Cohen, SVP of Investor Relations at Gartner [10].