Goldman Sachs job cuts - How to pitch VCs - Walmart's trucking ambitions
My name's Matt Turner, and I'm the Executive Editor at Business Insider. Starting today, I'm going to be sending out a weekly email highlighting some of the best reporting from our BI Prime coverage.First off, here are some of the interviews we published this past week which I found especially interesting.
- Joe Ciolli talked to Rob Arnott, the chairman and chief executive of the Pimco subadviser Research Affiliates LLC, about his big 10-year investing recommendation.
- Rich Feloni talked to Aetna's former CEO Mark Bertolini about how staring death in the face taught him to be a more human leader.
- Dan DeFrancesco spoke to Jeff Sprecher, CEO of the Intercontinental Exchange, who said recent consolidation in financial markets has made it prime for disruption.
- And Greg Smith, the executive vice president of supply chain at Walmart US, told Rachel Premack how Walmart boosted productivity at its nearly-200 distribution centers by 13% over the past 18 months.
I'd love to hear from you, our readers. What would you like this email to include? What have we missed? You can reach me at email@example.com. You can also take part in our subscriber survey right here.
Finance and Investing
Goldman Sachs is cutting roughly 5% of its sales and trading staff as its new CEO, David Solomon, conducts a review of the business and looks for ways to improve collaboration between the divisions.Related: A top Goldman Sachs sales trader is leaving to take a big role at JPMorgan
Some of Wall Street's biggest corporate bond dealers are replacing humans with algorithms for a portion of their trades, another sign the robot revolution is in full swing.
Investors need to be more careful than ever about how they click, talk, and type. Investment banks are watching.
Tech, Media, Telecoms
Spotify's complaint against Apple over unfair competition could end up costing the iPhone-maker billions of dollars.
Just because you've binge-watched "Shark Tank" doesn't mean you know what it takes to deliver a successful pitch to investors.Google has moved dozens of employees out of its laptop and tablet division and is scaling back the size of its in-house hardware group as it reassesses product plans in the fiercely competitive computer market.
AT&T has a choice problem.
Healthcare, Retail, Transportation
Federal regulators announced bold plans to curb the sale of sweet and fruity varieties of e-cigarettes, such as those offered by Juul, on Wednesday.
Last year, when a truck driver shortage hit industries across the board, retailers ranging from Amazon to General Mills to Tyson Foods had to reevaluate their bottom lines.
All hires made by Tesla must receive CEO Elon Musk's approval, according to an email sent to Tesla recruiting employees in February.