Economics/Class Relations

Goldman in the hot seat

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March 5, 2023
Hi, I’m Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Today’s Sunday edition, a roundup of our top reads of the week.

 

On the agenda today:

But first: Insider’s Rebecca Knight is a Gen X working mom who tried TikTok’s “Bare Minimum Monday” trend. Read on to find out how it went.
 

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DISPATCH

Gen X tries ‘Bare Minimum Mondays’
Sarah Mackenzie
When I first heard about “Bare Minimum Monday,” the latest TikTok trend to emerge in the workplace, I thought it was nonsense, Insider’s Rebecca Knight writes.

Marisa Jo Mayes, the millennial startup founder who sparked the viral sensation, promotes it as a way to prioritize self-care. Her TikToks offer glimpses of how she occupies her time instead: curling her hair, making elaborate iced coffees, and playing a variation of mini Boggle.

It all seemed precious and entitled — not to mention wildly impractical. Mind you, I’m not exactly in Marisa Jo’s target audience.

As a Gen Xer and working mom, I’m conditioned to neurotically squeeze out productivity from every hour. Allotting just the right amount of time to each meeting and task, while leaving room for the afternoon carpool, dinner prep, and homework help is my own “self-care priority.”

But when my editor suggested I give Bare Minimum Monday a try and then write about it, I leapt at the opportunity. I soon found out that taking it easy at work is harder than it looks.
MORE ON THAT HERE

 
 

THIS WEEK’S STORIES

Tesla is just another boring car company
Getty; Marianne Ayala/Insider
Tesla spent the past two decades defying expectations and disrupting the automotive industry. But these days, the once revolutionary car company has started to look much more like the automakers it used to rattle — with aging tech, stale car designs, and an outdated business model.

Tesla has only ever existed without real competition and in a favorable economic environment. Now the electric-vehicle market is anyone’s game, and Tesla is about to find out how hard it can be to go to war with some of the world’s most recognizable brands.

Why Tesla’s “Cinderella ride” may be over.

Read more:

 
Blame Boomers
Tyler Le/Insider
The story of our inflation headache is one of scarcity: not enough people, homes, or ships. But while arguments about the post-COVID price chaos focused on pandemic-created triggers, inflation is also a story of larger tectonic shifts within the population.

Boomers, who were the largest generation in global history, are entering their twilight years. And as they ride off into the sunset, they’re leaving behind an economy that isn’t built to accommodate the demands of the 21st century — and future generations are going to pay the price.

More on the Great Boomer Bottleneck.

 
A ‘New Day’ at Salesforce
Business Insider; Kimberly White/Getty Images for Fortune; Stephan Savoia/AP Images
Tech CEOs have been secretly studying Elon Musk’s takeover of Twitter as he slashes costs, closes offices, and chops headcount. Salesforce’s Marc Benioff revealed he’s considering Musk’s approach, too, as he attempts to pivot Salesforce towards profitability as part of his “New Day” strategy.

“Every CEO in Silicon Valley has looked at what Elon Musk has done and has asked themselves, ‘Do they need to unleash their own Elon within them?'” Benioff told Insider in an interview.

Read our interview with Marc Benioff.

Read more:

 
David Solomon in the hot seat
Screenshots by Emmalyse Brownstein and Dakin Campbell
All eyes were on Goldman Sachs CEO David Solomon as the storied investment bank held its second-ever “Investor Day”. Solomon’s task was clear: convince investors that the bank is on the right track after losing billions during its push into consumer banking.

But investors and shareholders were left with more questions than answers, and Goldman’s stock tumbled. Solomon got visibly frustrated when asked to elaborate on plans for its consumer banking business.

Key takeaways from Goldman’s investor day.

Read more:

 
THIS WEEK’S QUOTE
“There’s your roommate, noise in the hallways, machinery moving about, emergency calls, and crew announcements that blast over the speakers into your room.” 
— Chris Libreros, who worked on a major US cruise line for eight months — and did not enjoy the experience.

 
MORE TOP READS

“Quiet firing,” Gen Zalpha, & more

 
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This edition was curated by Matt Turner, and edited by Dave Smith and Lisa Ryan. Get in touch: insidertoday@insider.com.

Categories: Economics/Class Relations

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