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News on Medial
‘He screamed in my face’: Howard Schultz reveals Steve Jobs's intense advice
Livemint
·
1y ago
Medial
Starbucks' former CEO, Howard Schultz, shared an incident where Steve Jobs yelled at him to fire his entire leadership team. Schultz recounted the encounter during a phone call with Jobs in 2008 and a subsequent meeting at Apple's campus. Although Schultz initially thought Jobs was joking, Jobs insisted he was serious and said that Schultz should fire everyone. Eventually, Schultz fired most of his leadership team, except for the general counsel, within the predicted time frame of six to nine months. Schultz later regretted not taking Jobs' advice sooner.
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Related News
It is the end of an era at Starbucks
Money Control
·
1y ago
Medial
Howard Schultz, former CEO of Starbucks, stepped down in March 2023. His tenure was marked by his opposition to unionization at the company. However, it appears that the Schultz era is officially over as Starbucks and the union representing its employees have started discussions on collective bargaining agreements. This marks a shift in the company's stance on unions and may be a response to the Gen-Z generation's pro-union stance and consumer boycotts. Schultz's personal opposition to unions may have hindered the company's growth and relationship with customers.
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Chegg fires 441 employees
ABPLive
·
1y ago
Medial
American education technology company Chegg, which also has operations in India, fired 441 employees which represent 23% of the company's global workforce. "We executed a restructuring effort, a major step in my plans to refocus Chegg and return to subscriber and revenue growth," Chegg President and CEO Nathan Schultz said. Chegg expects to save up to $50 million with restructuring.
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Woman says she was abused by Ola Auto driver over fare in Bengaluru; police responds
Money Control
·
1y ago
Medial
A woman claimed she was abused by an Ola Auto driver over fare in Bengaluru. "This a deeply shocking situation...I was lucky that...my father could come to step in & yet when I mentioned that he was cursing at me, he...started screaming in my face," she said. "Please provide your specific area details," the police responded to her post.
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A tech entrepreneur shared the advice Steve Jobs once gave him that's helped him find success and happiness in his career
Business Insider
·
1y ago
Medial
Ron Gutman, a tech entrepreneur and cofounder of Intrivo, shared advice he received from Steve Jobs. According to Gutman, Jobs emphasized the importance of doing what you love in order to find success and happiness. He encouraged individuals to find their passion and pursue it wholeheartedly. Gutman also suggested reframing challenges as adventures and maintaining a positive mindset. Surrounding oneself with like-minded and supportive people further contributes to turning challenges into exciting opportunities for growth.
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Chai Sutta Bar co-founder shares 5 lessons for startups
Inshorts
·
2m ago
Medial
Anubhav Dubey, Chai Sutta Bar co-founder, receives message “My startup is failing”, often. In response, he shares five honest lessons for struggling founders: solve real problems, understand your own market, spend wisely, add value instead of cutting prices, and don’t quit too early. His advice is a wake-up call for anyone stuck in the startup grind.
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How to Raise Money by Paul Graham
Internet
·
5m ago
Medial
Graham explains the challenges founders face, comparing fundraising to both lifting a heavy weight and solving a puzzle. He warns about the unpredictable behavior of investors and the difficulties of navigating their motivations. His advice includes following strict guidelines to stay on course, recognizing the necessity of these rules. The essay provides practical insights to help founders succeed in raising money.
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An iPhone thief stole up to $2 million by watching people type their passcodes.
Business Insider
·
1y ago
Medial
An iPhone thief, Aaron Johnson, reveals how he targeted drunk individuals in bars, gaining their trust and copying their passcodes to access their phones. With the stolen passcodes, Johnson and his crew drained victims' bank accounts, accumulating up to $2 million. He would change the victims' Face ID and Apple ID passwords and proceed to exploit banking apps, crypto wallets, Venmo, and even make purchases using Apple Pay. This vulnerability highlights the importance of a strong passcode, and Apple plans to introduce stolen device protection in iOS 17 to enhance security.
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Donald Trump will try to deal with TikTok in current time frame, US Commerce chief says
Economic Times
·
5m ago
Medial
US President Donald Trump is working to address the TikTok situation within a given timeframe, according to U.S. Commerce Secretary Howard Lutnick. The administration is engaging with four groups regarding the sale of the Chinese-owned platform. In January, Trump signed an executive order postponing enforcement of a U.S. law by 75 days, requiring ByteDance, TikTok's owner, to sell the platform due to national security concerns or face a ban.
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Trump ex-Treasury chief seeks TikTok buyout bid as China seethes
Economic Times
·
1y ago
Medial
Former US Treasury Secretary, Steve Mnuchin, has announced plans to lead a buyout bid for TikTok once a bill forcing the sale of the Chinese-owned social media app passes. The US House of Representatives has already approved the bill, which would require TikTok to divest from its parent company or face a nationwide ban. Mnuchin stated that TikTok should be owned by US businesses, as he believes the Chinese government would not allow a similar scenario in China. Beijing, however, criticized the bill and vowed to protect its rights and interests.
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Blinkit, Zepto hike commissions to boost per-order earnings
Economic Times
·
5m ago
Medial
Blinkit and Zepto, leading quick commerce platforms, are raising commissions to boost revenue as they aim for profitability. Zepto is gradually increasing commissions on users and brands, while Blinkit is adopting a variable commission model. Despite these efforts, the platforms face intense competition, resulting in heightened cash burn and affecting investor sentiment. Zepto's increased take rate aligns with its IPO plans, while Blinkit's new structure aims to enhance its take rate despite intense market competition.
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