corporate culture News

How the Pandemic May Change ‘Work-Life Balance’ Forever

When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the pandemic struck, Salzmann would regularly fire up the amusement-park …

Meeting Between Regulators, Employees Helped Set Stage for Wells Fargo CEO Exit

The day after former Wells Fargo & Co. Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s high-pressure culture, Federal Reserve officials met privately with bank employees. At the meeting on March 13, which has not been …

QBE Group CEO Regan: Role-Modeling QBE DNA to #RampItUp #Together

This article is part of Carrier Management’s Cultural Q&A series featured in the Nov/Dec 2018 print edition. Q: Do you spend more time on culture or strategy? Pat Regan, Group CEO, QBE Insurance: Definitely culture. We spent a bit of …

Lawsuit Alleges ‘Boys’ Club’ at Citigroup Unfair to Women

A former Citigroup Inc. financial adviser on Monday filed a lawsuit accusing the bank of running a “boys’ club” that favored men over women, treating her as a “glorified secretary,” and firing her in retaliation for whistleblowing activity. Erin Daly …

Wells Fargo Account Scandal Included Small Businesses, Says Senator

The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank’s issues with unauthorized accounts. In a Sept. 29 letter viewed by …

Justice Department to Target Executives in White Collar Crime Push

The U.S. Justice Department has issued new guidelines that emphasize prosecuting individual executives in white-collar crime cases, and not just their corporations. Deputy Attorney General Sally Yates, author of a memo outlining the rules for federal prosecutors, was to announce …

No D&O Insurance at Berkshire, Other Notes from Buffett’s Letter

Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire Hathaway and billionaire investor, issued his annual letter to …