Economics/Class Relations

Google founder’s flying-car crash

April 16, 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 some of our top stories.


On the agenda today:

But first: JPMorgan is asking senior managers to be in the office five days a week. I break down the latest on RTO mandates below.
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The big RTO battle

Mario Tama/Getty
Construction is currently underway on JPMorgan’s new corporate headquarters in midtown Manhattan, so it should come as no surprise that the bank is planning on having bums on seats to fill it. The company told senior managers this week that they “have to be visible on the floor” in a memo asking managing directors to be in the office five days a week.

The memo also echoed other recent edicts that focus on the importance of IRL interactions in career development.

Last month, Disney told employees they were expected to be back to the office four days a week. And Amazon said it wants all employees back in the office at least three days a week by next month, setting off both internal opposition and support, and a scramble to get office space ready.

Salesforce boss Marc Benioff caused an uproar when he suggested new employees were less productive, with the company later stepping up RTO requirements. And Meta boss Mark Zuckerberg said that an internal analysis showed people who were hired to work remotely were less productive. Meta later stopped offering remote work in new job postings.

What do you think? Does WFH hurt career development? Let me know at


A ‘Willy Wonka fun house’ gone wrong

Kittyhawk; Insider
Killing off projects had become something of a tradition at Kittyhawk, the secretive flying-car startup launched by Larry Page. But when the Google cofounder decided to get more hands-on, what followed was a series of bizarre experiments, ostensibly intended to save the company.

A dozen former Kittyhawk employees told Insider that Kittyhawk found itself torn between the conflicting visions and shifting priorities of its billionaire founder and his handpicked CEO. In the end, the internal chaos proved unsustainable.

The spectacular rise and fall of Kittyhawk.

Generation Precarious
Getty Images; Alyssa Powell/Insider
For millions of Americans, the past few years have redefined their relationship to money. Gen Z and millennials, in particular, have seen the critical years of their financial lives defined by the shifting sands of the pandemic economy.

Experts say the financial scars of the pandemic era run deep. And as overlapping crises only intensify in the next few decades, the behaviors young people develop around money will stick around.

How the cycle of scarcity and splurging will reshape the economy.

Also read:
A rare pool
Tyler Le/Insider
Each decade brings some turning point in technology that lures college students to a new field — and right now, artificial intelligence is all the rage. Students and recent grads are embracing AI, with many hoping to be an early employee at the next big tech giant.

We spoke with a dozen professors, students, and industry professionals about how companies are raiding college campuses to mine for talent, offering six-figure salaries and unimaginable resources. “The student population is getting cleaned out,” one dean from Cornell said.

Inside the AI talent wars.

Also read:
The battle over Ozempic
Robyn Phelps/Insider
A wave of revolutionary weight-loss drugs, which includes the buzzy Ozempic, represents a watershed moment for obesity treatment. But high costs, insurance hurdles, and a surge in demand are keeping the drugs from getting to many of the people who need them.

Doctor offices are overwhelmed by patients asking for the drugs for cosmetic reasons. Celebrities and influencers are raising the drugs’ profile even further. But people who need the treatment the most are stuck in the middle.

More on the $100 billion tug-of-war.

Also read:
“You just go online, make up a fake name, and that’s it — you’re up and running. No one’s regulating.”
— Susan Chana Lask, a New York-based consumer-rights attorney, who described how easy it is for moving companies to scam people.

Solving traffic, a landlord reckoning, & more


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

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