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AIG CEO Tells Struggling College Grads, 'Don't Cry About It'

Business Insider — 2013-05-21T07:20:00+00:00

By Max Nisen

Most business leaders, when asked to advise new graduates, are encouraging, telling them that though things might be rough now, they'll pick up in time. Not AIG's outspoken CEO, Robert Benmosche.

He doesn't have much in the way of sympathy for graduates entering a difficult job market, telling Bloomberg's Betty Liu today that "you have to accept the hand that's been dealt you in life. Don't cry about it. Deal with it."

Working At Victoria's Secret: A Straight Man's Account

Business Insider — 2013-05-14T07:51:00+00:00

By Ashley Lutz

In 2010, college student Chris Pilny ditched his plan to go to dental school and got a job at Victoria's Secret.

His life had hit rock bottom after his girlfriend dumped him.

"Desperate to regain my swagger, I decided I needed to study women, to go somewhere I could immerse myself in them," Pilny said.

So Pilny filled out an application and became one of the very few men to work retail at the lingerie powerhouse (more than 90 percent of Victoria's Secret employees are women). He worked there for more than a year, learning the ins-and-outs of women's underwear.

What An Instagram Co-Founder Did After Becoming Superrich

Business Insider — 2013-05-13T09:37:00+00:00

By Alyson Shontell

On April 9, 2012, Kevin Systrom and Mike Krieger sold their 13-person startup, Instagram, to Facebook. Facebook purchased the photo filter app 18 months after its launch for $1 billion: $300 million in cash, the rest in Facebook stock.

What has the year been like for Systrom since selling his company? Here's what he's been up to through (what else?) Instagram photos.

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Ad Exec, Given 'Two Weeks To Live,' Blogs About Work Regrets, Lessons

Business Insider — 2013-05-08T07:09:00+00:00

By Laura Stampler

For almost two decades, Mike Hughes has had to come to terms with his own mortality.

The Martin Agency president was diagnosed with lung cancer in the 1990s.

Back in January, Hughes was given "two weeks to live" by his doctors, but he's fighting on.

Why Women Are Leaving ESPN

Business Insider — 2013-05-03T03:05:00+00:00

By Leah Goldman

Jason McIntyre of Big Lead Sports is reporting that ESPN host Charissa Thompson is leaving the network and going to Fox Sports. When contacted, neither Fox Sports nor ESPN had a comment on the report. Thompson previously worked at Fox as a co-host on "The Best Damn Sports Show Period."

In 29 U.S. States, You Can Be Fired For Being Gay

Business Insider — 2013-04-26T09:14:00+00:00

By Rebecca Baird-Remba

There are 29 states in America where it's totally legal to fire workers just for being gay, but one lawmaker is trying to do something to change that.

Democratic Sen. Jeff Merkley of Oregon is introducing the Employment Non-Discrimination Act, which would ban workplace discrimination against lesbian, gay, bisexual, and transgender people, Bloomberg reports.

Burger King Worker Quits With Bridge-Burning Resignation Letter

Business Insider — 2013-04-19T07:00:00+00:00

By Rebecca Baird-Remba

The website Passive Aggressive Notes has posted what it calls a "whopper of a resignation" letter.The unnamed guy who wrote the letter was "resigning" from his job at Burger King because he was going to law school.

Despite High Unemployment, Number Of People Quitting Is Soaring

Business Insider — 2013-04-12T08:05:00+00:00

By Vivian Giang

People are voluntarily quitting their jobs at the highest rate since the pre-recession era, according to the Job Openings and Labor Turnover Survey - known as JOLTS -- published by The Bureau of Labor Statistics.

The report says that 2.16 million people quit their jobs in the latest data, which represents 53 percent of all job separations -- this includes quits, layoffs and discharges -- when accounting for retirees.

Law School Grads With The Worst Chances Of Getting A Job

Business Insider — 2013-04-10T08:44:00+00:00

By Erin Fuchs

A San Diego law school with a lot of indebted students has topped a National Law Journal ranking of law schools with the highest percentage of jobless graduates. More than 31 percent of Thomas Jefferson School of Law's graduates had not gotten any job at all nine months out of school, according to NLJ, which cited American Bar Association data.

Unemployment could be particularly painful for Thomas Jefferson Law grads. Its graduates have an average debt load of $168,800 -- more than any other law school, according to U.S. News & World Report.

Retailers Compile Blacklist Of Workers Accused Of Theft

Business Insider — 2013-04-04T08:20:00+00:00

By Ashley Lutz

Retailers are keeping track of employees suspected of stealing in databases that could keep them from ever working in the industry again.

These databases are used my major retailers including Family Dollar, Target, and CVS, report Stephanie Clifford and Jessica Silver-Greenberg at The New York Times.

The Smartest Man In Golf?

Business Insider — 2013-03-26T08:48:00+00:00

By Tony Manfred

Joe LaCava might be the smartest man in golf. In May 2011 LaCava was hired by 25-year-old Dustin Johnson. Johnson was widely regarded as America's Next Great Golfer, and it seemed like an ideal gig for the veteran caddie.

That summer Johnson won the Barclays and finished in the top 10 three times (including a second-place finish at the British Open), and was seemingly on his way to the upper-echelon of world golf.

Confessions Of A Prison Doctor

Business Insider — 2013-03-22T08:34:00+00:00

By Vivian Giang

It takes a special kind of person to provide health care for accused murderers, rapists, and drug addicts.

But these doctors do, in some cases, receive "better pay, better hours, retirement benefits, and free malpractice insurance," Parija B. Kavilanz has reported on CNN. "Typically a salaried job with steady work hours, correctional physicians can earn starting salaries of around $140,000."

Employees Tracked With 'Productivity' Sensors

Business Insider — 2013-03-18T08:30:00+00:00

By Vivian Giang

The idea of having employees walk around with electronic sensors to track their every move is unsettling. There are privacy and legal issues, and who wants to feel like they are just a cog in a system? But data companies say that the resulting reams of information will improve life for companies and employees.

TheLadders' Premium Job Board Is A 'Scam,' New Lawsuit Alleges

Business Insider — 2013-03-14T07:41:00+00:00

By Vivian Giang

Premium job site TheLadders is being sued in a New York federal court on allegations that the company promises users access to exclusive high-paying jobs that don't actually exist.

Law firm Bursor & Fisher filed the proposed consumer protection class action suit on Monday on behalf of plaintiff Barbara Ward. A complete copy of the lawsuit was posted by recruiting consultant Nick Corcodilos, who often writes about TheLadders on his blog, Ask The Headhunter.

Does Working From Home Ruin Your Career?

Business Insider — 2013-03-12T08:16:00+00:00

By Vivian Giang

It's true: Showing up is half the battle. In a recently-published study conducted by Stanford University, results showed that employees who work from home are more productive and happier, yet they're 50 percent less likely to get promoted compared to those who regularly come into an office.

Stealth Layoffs At J.C. Penney, Reports Say

Business Insider — 2013-03-07T12:00:00+00:00

By Kim Bhasin

J.C. Penney Co. is quietly eliminating more positions in its stores company-wide, sources familiar with the matter told us. Store managers watched a "secret broadcast" on Tuesday afternoon, where they were informed that stores must prepare to "work harder with less" in 2013.

Fort Bragg Soldier Tonya Long Smuggled $1 Million From Afghanistan, Got Plastic Surgery And 18-Wheeler

Business Insider — 2013-03-06T12:43:00+00:00

By Paul Szoldra

A former Army Staff Sgt. at Fort Bragg was sentenced Monday to five years in prison for smuggling over $1 million out of Afghanistan, according to a report from the Fayetteville Observer.

Along with an unnamed co-conspirator serving in Afghanistan from January 2008 to April 2009, Sgt. Tonya Long, a customs inspector, took the money in a double-billing kickback scheme. In the course of inspecting personal property being loaded for shipment back to the United States, her co-conspirator would collect the money, and Long would place it in VCRs stripped of their components.

Health Care Jobs In Highest Demand In 2013

Business Insider — 2013-03-06T07:17:00+00:00

By Vivian Giang

The health care industry has boomed over the last few years, growing twice as fast as the national economy. As the industry continues to grow, there will be a high demand for quality health care professionals.

7 In-Demand Skills That Will Get You Hired In 2013

Business Insider — 2013-03-03T08:53:00+00:00

By Vivian Giang

People with specific sought-after skills are having an easier time finding jobs. In fact, they're getting snatched up pretty quickly, according to Brian McCullough, founder of ResumeWriting.com.

The Mayo Clinic: Longest Hiring Process In The World?

Business Insider — 2013-02-28T08:58:00+00:00

By Max Nisen

The Mayo Clinic is one of the best-known and regarded health care systems in the world, and has been for over a century.

According to CEO Dr. John Noseworthy, one of the things that's made that happen is an incredibly committed and highly-skilled workforce. Part of that is the fact that Mayo rigorously trains many of its own people, "from technologists all the way up through heart and brain surgeons," Dr. Noseworthy told Business Insider. Another is the huge desire for people from the outside to join them.