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The latest news, headlines, and business stories for October 19

Oct 19, 2023 - businessinsider.com
The article discusses the potential negative consequences of employees threatening to quit their jobs if certain changes aren't made, a practice referred to as "thruitting". According to Chris Williams, a former VP of HR at Microsoft, this approach rarely ends in the worker's favor and can limit future opportunities within the company or even result in immediate dismissal. Williams advises that employees should feel empowered to point out issues and negotiate better job terms, but issuing ultimatums can often do more harm than good.

The article also covers various topics in markets, tech, and business. In markets, it mentions Charlie Munger's view on the difficulty of getting rich today, the bond market's current state, and the investment strategy of a successful fund. In tech, it discusses the concept of "AI factories", Marc Andreessen's controversial manifesto, and the use of AI tools by content creators. In business, it highlights the incentives offered by office landlords to attract tenants, a donor revolt at the University of Pennsylvania, and the key points from Tesla's earnings call.

Key takeaways:

  • Threatening to quit your job, or 'thruitting', often does more harm than good, according to Chris Williams, a former VP of HR at Microsoft. It can limit future opportunities at the company or even result in being shown the door.
  • Feedback should always be a two-way street, and employees should feel empowered to point out issues in the workplace. However, issuing ultimatums can overshadow valid concerns and do more harm than good.
  • Office landlords are offering incentives such as flexible leases, termination rights, and better fitness amenities to get tenants to sign a lease.
  • Elon Musk is considering taking Twitter out of Europe due to new regulation in the region, and United Airlines is changing the way it boards economy passengers, starting October 26.
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