This week, a squadron of irreverent, digitally savvy traders took aim at Wall Steet's elite institutions — inflicting major losses on the establishment. To be sure, boosting GameStop isn't going to bring down global capitalism. But the offensive by Reddit's trading army is drawing parallels with another anti-establishment campaign that rattled the financial industry nearly 10 years ago: Occupy Wall Street. With amorphous leadership and populist politics, a community alienated from the existing system has morphed into a movement. What comes next? Read in full at the link in bio. 📷:: Occupy protestors in New York in 2011. Stan Honda/AFP via Getty Images
● People act irrationally, and regulators can’t always stop them. Link in bio for more.⠀ ⠀ ● From the bloombergopinion Editorial Board: No question, U.S. authorities should do more to protect investors and generally ensure the fairness, transparency and competitiveness of the country’s capital markets. Unfortunately, the recent mania surrounding the stock of video game retailer GameStop won’t help them do that. It threatens to sideline issues that really matter and focus attention on things that don’t.⠀ ⠀ ● Read the editorial board's full opinion piece by clicking the link in our profile.
Between March and June of 2020, 454 men and 366 women were assessed on their leadership effectiveness using a 360-degree survey. The survey found that women were rated more positively than men — a finding that was consistent with a pre-pandemic version of the same survey. To better understand what was driving the difference, the researchers looked at the competencies that direct reports ranked as most important during the crisis. Notably, respondents put greater importance on interpersonal skills, such as “inspires and motivates,” “communicates powerfully,” “collaboration/teamwork,” and “relationship building" — all of which are categories where women outperformed men. As the crisis continues — and intensifies in many places — all leaders, regardless of their gender, should strive to excel in these areas. Tap the link in our bio to read the full article, "Research: Women Are Better Leaders During a Crisis," by Jack Zenger and Joseph Folkman.
President Joe Biden can learn a lot from the successes, and stumbles, of former boss Barack Obama, as the new administration launches an ambitious policy agenda. Biden will have to draw on his long experience in Washington but adjust to new realities. The biggest lessons, according to Democrat strategists: Move fast, keep it simple and don’t chase bipartisanship too hard. Click the link in bio to read the rest of the list.
● Stashed in empty lots and installed on rooftops, microgrids in otherwise overlooked locations are the future of Big Apple power. Link in bio for more.⠀ ⠀ ● As a coastal city that’s seen several devastating weather events cripple its power grid, New York needs more reliable energy sources. MicroGrid Networks LLC, a clean-energy system developer, is building the infrastructure for a more resilient grid. To start, the company will bring eight projects in three boroughs online by the end of 2021, representing a $96 million investment. That covers all costs, from identifying and securing land in Brooklyn, Queens, and Staten Island, permits, and equipment for construction to operating the system and providing services. Chief Executive Officer Montgomery Bannerman says the project will deliver environmental and energy cost benefits and lots of jobs.⠀ ⠀ ● For more photos from the story, click the link in our profile.
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