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Top business news: Tech wages, Conde Nast video, tidy energy

Hello everyone! Welcome to this weekly roundup of Company Insider stories from managing editor Matt Turner. Please register for Business Expert here to get this newsletter in your inbox every Sunday.

Skye Gould/Business Expert.

Hey There!

Tech business splash out huge amounts of cash to bring in top skill, as Rob Cost reported this week.

Just how much precisely? From his story:

Payment overall remains a carefully guarded trick, with firms refusing to reveal their rates as staff members require to forums and anonymous socials media to compare pay packets.

However there’s one company that knows exactly just how much tech employees are getting paid: the US government.

When American business submit documentation for visas on behalf of existing or potential foreign workers, they’re required to state just how much compensation the workers are being provided. And every year, the Workplace of Foreign Labor Certification discloses this wage information in a massive, enlightening dataset.

Rob worked with Skye Gould and William Edwards to analyze this data to see how 13 essential business, consisting of Amazon, Apple, Facebook, Google, Microsoft, and Netflix, pay their staff.

To be sure, there are cautions. For example, the information connects to the2019 A lot has actually altered since then. The data only reveals what business pay foreign workers in functions for which they have employed immigrant workers. And the database likewise does not appear to include equity grants. Still, as Rob reports, the information is a powerful tool. From his story:

If you’re getting a certain task, just how much should you request for? If you transfer internally, how might that impact your pay? Are you being underpaid compared with your colleagues?

You can check out the full story here:

Big Tech wages revealed: How much Apple, Tesla, Amazon, and 10 other tech giants pay their workers, from engineers to salesmen

Condé Nast’s video vetting

YouTube; Samantha Lee/Business Insider.

I want to highlight 3 stories from the previous week that develop on previous reporting on Condé Nast, GMMB, and CrossFit.

Rachel Premack spoke with 13 present and previous employees of Condé Nast Entertainment, the well known publisher’s video-production entity, about the procedure through which videos are pitched and produced. From her story:

You can read the story in complete here:

Condé Nast staff members say Black celebs like Lizzo and Megan Thee Stallion were turned down from videos based on a ‘racist’ vetting procedure

Sean Czarnecki talked to 26 existing and previous staff members of GMMB, 15 of whom recognize as individuals of color.

You can check out the story in full here:

Insiders at Omnicom company GMMB state the workplace is rife with ‘systemic’ racism, where individuals of color are tokenized and treated like ‘the help’

Finally, Katie Warren and Gabby Landsverk reported:

CrossFit creator Greg Glassman stepped down from his function as CEO on June 9 after one of his tweets was fulfilled with extensive reaction. The lady has determined herself to Organisation Expert as Lisa Lugo, a former CrossFit employee.

You can check out the story in complete here:

A CrossFit employee who had a relationship with former CEO Greg Glassman says she has audio of him threatening her in a hotel room and saying: ‘It’s enough for me to slit your f —– g throat’

The future of tidy energy

Justin Knight/Swift Solar; Etosha Cave/Opus 12; Imprint Energy; Carbon Lighthouse; Yuqing Liu/Business Insider.

From Benji Jones:

A huge shift is underway across the electrical grid.

Power plants that run on nonrenewable fuel sources are being replaced by solar panels and wind farms, while more batteries and electric lorries are plugging in.

Once specific niche, the tidy energy industry is going mainstream. Goldman Sachs says it’s an investment opportunity worth as much as $16 trillion through 2030

Within the industry, scientists, entrepreneurs, and workers are bringing a large range of solutions to bear, from batteries that save energy in molten salt to water turbines that are fish-friendly.

Company Insider has actually determined the 21 emerging leaders in tidy energy that we think everybody ought to know.

You can check out the story completely here:

Fulfill the 21 rising stars who are transforming the future of clean energy and handling a $16 trillion chance

Before I go, I want to highlight a number of online occasions we have showing up. From finance editor Michelle Abrego:

One-click checkout startup Fast raised its $20 million Series A from investors consisting of Index Ventures and buzzy fintech Stripe in May as it looks to handle Apple Pay to solve pain-points around password management and online checkout.

Join Business Expert press reporter Shannen Balogh on Tuesday, July 14 at 1: 30 p.m when she will speak with Domm Holland, Fast’s cofounder and CEO, and Jan Hammer, general partner at Index Endeavor. They’ll talk about how Holland created the concept for Fast, how to construct a pitch deck, and what it requires to win over investors.

If you’re a Business Insider subscriber, you can sign up here.

Click here to sign up for the Master your Money occasion.

Below are headlines on some of the stories you might have missed from the past week.

— Matt

Tucker Carlson for president? GOP donors and conservative media are taking the idea seriously

The most accurate tech expert on Wall Street says these 6 stocks have potential for huge gains as they transform the sector

After fancy hires and a huge buildout, Perella Weinberg’s media and telecom team has been gutted. We tracked the exodus– and what it says about the landscape for hit M&A deals.

LEAKED MEMO: Alphabet’s healthcare system Verily suspended bonus offers mid-pandemic to money variety programs rather, discouraging workers

Fredrik Eklund, the creator of a bicoastal team that signed $100 million in brand-new agreements in one week, swears by this everyday regimen from 6 a.m. to 10 p.m.

Dripped memo reveals American Airlines needs to cut up to 8,000 flight-attendant tasks as the airline provides its first coronavirus layoff notifications

Some Amazon merchants are offering their organisations for more than $30 million as COVID-19 enhances the value of online retail: ‘It’s a seller’s market’

How to get a $100,000- plus profession in cloud computing without a college degree, from a person who did it and now coaches others

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