The latest trick companies could be using to pay workers less

Tech Insider : Economy, Economy
workers on strike
Dropping education and experience requirements for jobs could help some Americans find work — but also help companies pay their employees less.

AP Photo/Sophie Austin

Ex-Moelis banker arrested on assault charges after viral punching video

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NYC skyline
Jonathan Kaye resigned from Moelis in New York last week.

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Moelis banker resigns from company after video appearing to show him punching a woman at Pride event

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New York City
The incident may have resulted from a clash about the Israel-Gaza war.

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More than half of banking jobs could be automated by AI — but banks will be slow to adopt, Citi report says

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wall street 2030 wealth management 4x3

Simon Dawson/REUTERS; Samantha Lee/Business Insider

Wells Fargo fired employees accused of faking work. It shows some bosses are cracking down on disengagement.

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People walk by a Wells Fargo location

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I left JP Morgan and escaped the 'golden handcuffs.' I have no regrets.

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Golden handcuffs around a JP Morgan office building

Brais G Rouco/SOPA Images/LightRocket via Getty Images; Stock; Rebecca Zisser/BI

I worked at SpaceX where Elon Musk was a cubicle away. At Elon's companies, it's add value or leave.

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Employees at SpaceX

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2 bankers leave firm after investigation into their conduct with a cleaning contractor

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The City of London
The City of London.

Karl Hendon

Caviar, champagne, and IPOs: At the Jefferies Private Internet Conference, tech dealmaking was back

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Nobu Malibu
The closing party for theJefferies Private Internet Conference 2024 was held at Nobu

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A Wall Street firm wants to collect a $4 million breakup fee from a banker who never started his job. Judges will soon rule if that's legal.

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money
Jefferies inserted a $4 million break-up fee in an offer contract and wants it to be paid.

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