With more than 240,000 staff working for JPMorgan, America’s biggest bank wants to ensure it hires people from across the societal spectrum, including those who have formerly been incarcerated. Speaking to LinkedIn, CEO Jamie Dimon reiterated his long-held view that skills are equally as important as education when it comes to finding the right candidate. And while hardships suffered previously in life may not be mentioned on a CV—while a Harvard business degree would be displayed proudly—Dimon said that doesn’t mean these experiences should be discounted in the hiring process. Read more: https://lnkd.in/ePYkEMat
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Updates
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Apple CEO Tim Cook gifted former President Donald Trump a $6,000 Mac Pro computer after the two men reached a deal for the tech giant to receive an exemption to a series of tariffs in 2019, according to Bloomberg. At the time Apple and Cook were applying a charm offensive to persuade then-President Trump to remove tariffs on certain components that came from China. C ook asked Trump if he could meet him in person to make Apple’s case, a gesture the former president found “impressive,” he told Bloomberg. Trump was particularly pleased at the time that Cook reached out, especially considering his acrimonious relationship with other tech CEOs. “Tim Cook calls Donald Trump directly,” Trump said in August 2019. “That’s why he’s a great executive, because he calls me, and others don’t.” Read more: https://lnkd.in/evi_A2uP
Tim Cook gifted Donald Trump a $6,000 Mac Pro after he lowered tariffs on parts Apple needed from China
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Nearly 50 years ago, Sequoia Capital was one of the earliest investors to take a swing on the personal-computer startup Apple. Now, the venture capital firm’s managing partner has revealed how Sequoia goes about looking for the next Steve Jobs. Speaking at #BrainstormTech in Park City, Roelof Botha told Fortune editor-in-chief Alyson Shontell that Sequoia is constantly looking to evaluate the quality of an idea, rather than the credentials of the person who’s pitching it. “Steve Jobs originally was not funded by the people on Sandhill Road because he wasn’t wearing shoes and was unconventional,” said Botha, who was a top executive at PayPal before joining Sequoia. “Yet Don Valentine saw through that because he saw the quality of the idea.” Read more: https://lnkd.in/eC5ukwFN
Inside Sequoia's Steve Jobs strategy: How the fabled VC firm sniffs out unconventional diamonds in the rough
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How many minutes are too late to arrive at work? We asked the following tech leaders at our #BrainstormTech conference how many minutes they consider too late to arrive at work: ➡️ Grindr CEO George Arison ➡️ Zoox CEO Aicha Evans ➡️ Fearless Fund CEO Arian Simone ➡️ Colossal Biosciences Chief Science Officer Beth Shapiro ➡️ Salesforce AI CEO Clara Shih ➡️ Google DeepMind Chief Scientist Jeff Dean ➡️ Resiin CEO Helen Kontozopoulos ➡️ Breeze Airways™ CEO David Neeleman ➡️ Robinhood CEO Vlad Tenev Learn more about #BrainstormTech: bit.ly/465Qwd4
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"I think all the learnings, and the highs and lows have become these amazing learnings that I can now share." In an interview at Fortune's #BrainstormTech conference, Rent The Runway cofounder Jennifer Fleiss shared the #1 tip for starting your own business. See more from #BrainstormTech here: bit.ly/465Qwd4
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Elon Musk’s continued gripes with California, where more than one in five new cars sold are electric, is losing him customers to Rivian. Industry data on Thursday revealed demand for new Teslas in the Golden State plummeted 24% to 52,211 vehicles in Q2, based on registrations recorded post-sale when a vehicle’s title is processed. The latest figures mark Tesla’s third consecutive three-month period of declines compared to the previous year, suggesting that the volume of its existing range may have peaked in 2023 when it hit 230,500 vehicles. “Tesla’s allure seems to be wearing off,” said the California New Car Dealers Association (CNCDA), which published the figures it sources from Experian Automotive. Read more: https://lnkd.in/eWQJda6r
Elon Musk’s crusade against California is causing Tesla sales in the Golden State to plummet
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“Dinosaur de-extinction is not going to happen, I’m very sorry." Colossal Biosciences Chief Science Officer Beth Shapiro explained de-extinction process and why her company wants to bring back the woolly mammoth. Learn more about: #BrainstormTech: https://lnkd.in/dt5wDVZz
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While many of his former PayPal peers have spent the last week rallying around who they will support in the 2024 election cycle, Sequoia Capital’s top partner Roelof Botha criticized the level of division in the country on Tuesday and said that his firm would not wade in. “At Sequoia as a partnership, we don’t take a political point of view,” Botha said at #BrainstormTech in Park City, Utah. He added: “We’re proud of the fact that we’ve enabled many of our partners to express their respected individual views along the way, and given them that freedom.” Read more: https://lnkd.in/erdwcM5Z
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The European head of the world’s largest cruise trade body has warned that its members may need to avoid some of the world’s most famous destinations to protect passengers amid a backlash against overtourism. Several European cities have vented their frustrations over rising tourist numbers and its impact on the price of everything from food to accommodation and the local ecosystem. Tourism’s environmental footprint is a complaint usually levied at giant carbon-emitting cruise ships. In Barcelona, a popular setting-off point for cruise liners, locals have taken to squirting tourists with water pistols. Protestors in the Spanish Canary Islands started a hunger strike in April to protest overcrowding. Read more: https://lnkd.in/eHHXTwie
Anti-tourist backlash in Europe causes cruise ships to change course
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“That happens basically every evening at a minimum.” In an interview at Fortune’s #BrainstormTech conference in Park City, Utah, Zoox’s CEO Aicha Evans shared one of her tips for success: to have a 1:1 with yourself every day. See more coverage from #BrainstormTech here: bit.ly/4cLLwgf