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Business Insider
a day ago
- Business
- Business Insider
How business leaders like Jeff Bezos and Mark Cuban feel about work-life balance
Many CEOs and business leaders have shared their thoughts on work-life balance. Some support it while others call it a hindrance to success. Here's what some of the biggest names in business make of work-life balance. How do you juggle your personal life with your work? Just about everyone has an opinion on work-life balance, including CEOs. Some business leaders see it as an important equilibrium to maintain, while some outright hate the idea. Here are some top business execs' takes on work-life balance. Mark Cuban says, "There is no balance" for incredibly ambitious people On a recent episode of "The Playbook," a video series from Sports Illustrated and Entrepreneur, billionaire entrepreneur and former "Shark Tank" star Mark Cuban said, "There is no balance" for the most ambitious people. "People are like, 'I need a work-life balance,'" he said. "If you want to work 9-to-5, you can have work-life balance. If you want to crush the game, whatever game you're in, there's somebody working 24 hours a day to kick your ass." Leon Cooperman encourages young workers to "love what you do," but remember there's more to life than work Billionaire investor and hedge fund manager Leon Cooperman said in a recent interview with Business Insider that there's more to life than hustling. "I've been married 61 years to the same woman," he said, adding that his greatest success in life is that "my kids still come home." "Love what you do — it's too demanding and difficult not to," the Wall Street veteran said. "Pursue it with a passion," he continued. Cooperman said that while he spent 25 years at Goldman Sachs, it never felt like work because he enjoyed it so much. Jeff Bezos says work and life should form a circle, not a "balance" In 2018, Amazon founder Jeff Bezos said that workers should aim for work-life harmony, not "balance," at an event hosted by Business Insider's parent company, Axel Springer. Bezos also called the concept of work-life balance "debilitating" because it hints that there's a trade-off. Bezos said that it's not a work-life balance, but "it's actually a circle." Bezos said that if he feels happy at home, then it energizes him and makes him more productive at work, and vice versa. Satya Nadella thinks you should focus on "work-life harmony" Microsoft 's CEO also thinks that "work-life balance" isn't the goal. Instead, he says to focus on work-life "harmony." In 2019, he shared his thoughts with the Australian Financial Review, saying he used to think that he needed to balance relaxing and working. But he's since shifted his approach, aligning his "deep interests" with his work. TIAA's CEO thinks the entire concept is a "lie" "Work-life balance is a lie," TIAA CEO Thasunda Brown Duckett said in a 2023 fireside chat. Brown Duckett has previously said she used to struggle with guilt and balancing her demanding job with being a mother. Brown Duckett says that she views her life as a "portfolio," and that she takes time to perform different roles like mother, wife, and business executive. Though she may not always physically be with her children, she says she strives to be fully present during the time she is able to spend with them. Ex-Google CEO Eric Schmidt said work-life balance was why Google was behind in AI — then walked back the comments Former Google CEO Eric Schmidt criticized Google's remote work policy and work-life balance during a lecture at Stanford University in 2024, saying these were contributing factors to the company trailing behind startups like OpenAI on artificial intelligence. "Google decided that work-life balance and going home early and working from home was more important than winning," the former Google exec said in a recording of the lecture that was posted online in August. "And the reason the startups work is because the people work like hell." He added that those looking to start successful companies today are "not going to let people work from home and only come in one day a week if you want to compete against the other startups." After his comments gained attention, Schmidt walked back the comments. Arianna Huffington says you shouldn't have to choose between work and life Arianna Huffington, founder of Thrive Global and HuffPost, told Great Place to Work that we shouldn't view productivity and relaxation as two opposing forces. Huffington said that when one area of your life improves, the other does as well. Huffington said employees should focus more on "work-life integration" since "we bring our entire selves to work." Still, Huffington believes that your personal life should always come first. "While work is obviously important and can give us purpose and meaning in our lives, it shouldn't take the place of life," she said. "Work is a part of a thriving life, but life should come first." Don't expect a work-life balance if you work for Elon Musk Elon Musk is a known workaholic, and he expects those who work beneath him to be as well. In 2022, just after Musk took ownership of X, formerly Twitter, he sent out an email to employees telling them to either dedicate their lives to working or leave the company. Musk reportedly made X employees work 84 hours a week. While some people think remote work improved their work-life balance, Musk has often criticized it and called it "morally wrong." According to Walter Isaacson's biography of him, Musk would stay at the office overnight and shower at the YMCA when he joined the workforce in 1995. Musk has continued the habit while working at Tesla and buying Twitter, often spending the night at work. In 2018, Musk said that he works 120 hours a week, amounting to 17 hours a day. Jack Ma has also actively endorsed long work hours One of China's richest men, Alibaba cofounder Jack Ma in 2019 expressed his support for the controversial "996" work system in many Chinese workplaces, which refers to working from 9 a.m. to 9 p.m., six days a week. He's called "996" culture a "huge blessing" for younger workers. "Many companies and many people don't have the opportunity to work 996," he said in 2019. "If you don't work 996 when you are young, when can you ever work 996?" "If you find a job you like, the 996 problem does not exist," he added. "If you're not passionate about it, every minute of going to work is a torment."
Yahoo
2 days ago
- Business
- Yahoo
The Best $210 To Spend To Maximize Your Investment Returns
The old adage is that you have to spend money to make money. But investors don't actually spend money — they risk losing it in the hopes of compounding it. Learn More: Consider This: But for common retail investors, a relatively modest $210 expenditure might be the only risk-free investment they ever make — and certainly one with the potential to pay the greatest long-term dividends of all. Considering the complexities and volatility of the stock, bond, crypto, housing and other investment markets, ordinary players might not know that they're under-diversified, over-leveraged or facing a tax-related catastrophe until they find out the hard way — by suffering losses that they couldn't afford and might have avoided. Then, there's the easy way: A meeting with a qualified, certified professional advisor who studies the markets, has earned prestigious certifications, participates in ongoing education and serves as a fiduciary with only your best interests in mind. Find Out: According to the Teachers Insurance and Annuity Association of America (TIAA), a Fortune 500 financial services organization, there are five primary signs that it might be time to invest in professional financial guidance: You're worried about paying for college, changing jobs, starting a business, retiring comfortably, being overinsured or underinsured, affording children, caring for an aging parent, or any other nagging financial concern. You're unclear on your financial goals or how to achieve them. Your tax burden is growing or becoming more complex. You're losing money to emotional or impulsive investments. You want to enlist the help of a financial professional, but you think you can't afford it. The red-flag anxieties that call for professional guidance are not unfounded. For example, according to the TIAA: A professional can optimize your asset allocation, which alone can boost after-tax returns by 0.3% annually — that's $1,500 on a $500,000 portfolio. Over two decades of compounding, that seemingly modest sum could pad your nest egg by more than $30,000. You would have missed more than 40% of the S&P 500's gains over the past two decades by missing only the 10 best trading days during that time. A professional advisor can help you remove emotion and bias from your strategy, eliminating panic-selling and attempts to time the market, which contribute to missed opportunities. It's the final anxiety, however, that keeps most people from calling an advisor and scheduling an appointment: Not being able to afford professional guidance, and that's the worst reason of all. According to Harness Wealth, the average financial advisor — there are many specialties and certifications to choose from — charges between $120 and $300 an hour in 2025. The average of that range is $210. While you might not want to part with that sum now, it's a pittance compared to what you stand to gain from enlisting a pro and what you stand to lose by not making what might be the wisest investment of your financial life. More From GOBankingRates Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on The Best $210 To Spend To Maximize Your Investment Returns Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
15-05-2025
- Business
- Associated Press
Bret Hester Promoted to Chief Legal Officer of TIAA
John Douglas to Retire; Serve as Special Adviser to CEO through June 2026 NEW YORK, May 15, 2025 /PRNewswire/ -- TIAA, a leading provider of lifetime income, today promoted Bret Hester to Senior Executive Vice President, Chief Legal Officer. Hester succeeds John Douglas, who will remain at TIAA as Special Adviser to the CEO through June 2026. Effective June 2, 2025, Hester will be responsible for legal, government relations and corporate secretary functions for both TIAA and Nuveen. He will report to CEO Thasunda Brown Duckett, join TIAA's executive committee, and be based in New York. 'John's legal prowess, unwavering dedication to clients, and deep passion for our mission make him an invaluable and trusted partner and I'm delighted that he will continue to serve in an advisory role,' said Duckett. 'We are also fortunate to be able to draw from our strong internal talent pool to promote Bret, whose deep experience will help us build on this foundation as we continue to fulfill and expand TIAA's mission.' Hester currently serves as Executive Vice President, General Counsel and leads the legal team for TIAA Wealth Management and Advice Solutions, as well as the company's government relations and public policy team. 'I am grateful for Thasunda's and John's support and excited to contribute to both TIAA and Nuveen's enduring legacies and vital missions,' said Hester. 'I look forward to working alongside the enterprise leadership team and our talented and dedicated law and public policy professionals to help our clients achieve lasting financial security and investment success.' Hester joined TIAA in 2017 from Barclays, where he led the Washington, D.C. office and previously served in the U.S. Treasury Department. He was awarded the Treasury Secretary's Distinguished Service Award for his contributions. Hester has also worked as a federal prosecutor, chief counsel to a U.S. senator, and as a private attorney. He serves on the boards of the Investment Adviser Association and the Life Insurance Council of New York and is a graduate of Harvard University and Stanford Law School. About TIAA TIAA is a leading provider1 of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. It shared $5 billion with participants in 2023, on top of the stated guarantees, and has $1.4 trillion in assets under management (as of 3/31/2025)2. Learn more about TIAA Read the latest TIAA news X | LinkedIn | Facebook ©2025 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 4503708 View original content to download multimedia: SOURCE TIAA
Yahoo
13-05-2025
- Business
- Yahoo
EverBank review (2025): A top-rated online bank with competitive yields and no monthly fees
Summary: EverBank (formerly TIAA) is a bank that operates primarily online. It offers personal, business, and commercial banking products, including high-yield savings accounts and certificates of deposit (CDs), checking accounts, money market accounts, and more. EverBank's performance savings account is a high-yield savings account with no monthly maintenance fees and no minimum balance requirement. Currently, account holders can earn 4.30% APY on all balances with daily compounding interest. The EverBank Performance Money Market Account offers tiered interest rates based on the account balance: $10,000 and up: 4.00% APY $9,999 and under: 2.02% APY There is no minimum opening deposit requirement and no monthly maintenance fees. This account also comes with a debit card and checks. EverBank's money market account ranks among our 10 best high-yield money market accounts available today. EverBank's Performance Checking account currently earns 0.25% APY on all balances with no monthly maintenance fees. There's a minimum opening deposit requirement of $100. CD terms range from three months to five years, with rates as high as 4.10% APY. A minimum opening deposit of $1,000 is required. Note that these CDs come with steep early withdrawal penalties that range from 28 to 900 days' worth of simple interest, depending on the term length. Even so, some of EverBank's CDs made our list of the best CD accounts and rates available today. Savers who need extra FDIC coverage can take advantage of EverBank's CDARS CD, which offers up to $50 million in federal insurance. Terms range from three months to three years and accounts require a minimum deposit of $10,000. EverBank offers investors the opportunity to diversify their portfolios through exposure to precious metals, coins, foreign currencies, and index-based CDs. EverBank offers business checking accounts, money market accounts, CDs, and more. It also offers Treasury services, merchant services, and foreign exchange services. In addition to its personal and business products, EverBank offers commercial financing and lending solutions. Here's a breakdown of the fees you might encounter as an EverBank customer: Read more: What are bank fees, and how do I avoid them? Here are some of the pros and cons to consider before becoming an EverBank customer: Pros: No monthly service fees: EverBank does not charge monthly fees for account maintenance. Competitive interest rates for CDs and savings products: EverBank offers rates as high as 4.30% APY for its savings accounts and CDs. ATM fee reimbursement: EverBank does not charge a fee for using its in-network ATMs and reimburses customers up to $15 per statement cycle for any out-of-network ATM fees incurred. Customers with account balances of $5,000 or higher get unlimited ATM fee reimbursements. Cons: Only a handful of physical branches: EverBank operates a few physical branches across the state of Florida, but otherwise, it operates primarily online. High opening deposit for CDs: EverBank requires a minimum opening deposit of $1,000 for CDs, which is higher than many similar accounts from other financial institutions. High early withdrawal penalty for CDs: EverBank's early withdrawal penalty can be as high as 900 days' (approximately 2.5 years) worth of interest for longer CD terms. EverBank customer service representatives are available at (888) 882-3837, Monday through Friday, between 8:00 a.m. and 8:00 p.m. ET, as well as Saturday, from 9:00 a.m. to 7:00 p.m. ET. For general correspondence, you can reach EverBank at the following address: EverBank PO Box 44060 Jacksonville, FL 32231 EverBank's mobile app is still listed as the TIAA App and is available for download on the App Store and Google Play. The app has a rating of 4.6 and 3.8 stars, respectively. Customers can use the app to check their account balances, transfer funds between accounts, pay bills, and more. EverBank is committed to giving back to the communities it serves through its EverBank Builds program. Through this initiative, EverBank has contributed more than $10 million to over 100 organizations in its CRA assessment areas to promote affordable housing, financial education, and community and economic development. EverBank also encourages its associates to volunteer by providing regular opportunities for involvement and 24 hours of paid time off for its associates. Yes. EverBank is an FDIC-insured financial institution. EverBank's routing number is 063092110. Early withdrawal penalties range from 28-900 days of simple interest, depending on your CD term.
Yahoo
07-05-2025
- Business
- Yahoo
Chevron plans to lay off 125 people in Denver beginning July 1
DENVER (KDVR) — Oil and gas giant Chevron is reducing its workforce in Denver, according to a notice filed with the state on May 2. The jobs are based out of the company's regional headquarters in Denver, which are in Granite Tower, a skyscraper on 18th Street. Finance giant TIAA cutting dozens of Denver jobs, closing skyscraper office location Last August, Chevron announced that it was relocating the company's headquarters to Houston from California, and several leadership changes were instituted at about the same time. The WARN notice filed with the state of Colorado and city of Denver says that 125 employees with various job duties will be impacted, but did not share further details of the positions impacted. The layoffs have not yet begun but are planned to begin on July 1. 'Employees leaving Chevron as a part of the layoff will be offered severance as well as supplemental assistance for medical continuation coverage. All employees will receive at least 60 days' advance notice of the final day of employment,' the company's WARN notice reads. The WARN notice was filed on the same day as the company's first quarter earnings call, where company leaders reported $3.5 billion in earnings during the first quarter of 2025, compared with $5.5 billion in the first quarter of 2024. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to FOX31 Denver.
