Adam Silver says NBA won’t compromise its values, to discuss situation in China visit

OAKLAND, CA – MAY 31: Commissioner Adam Silver of the NBA addresses the media before Game 1 of the 2018 NBA Finals at ORACLE Arena on May 31, 2018 in Oakland, California. “Daryl Morey, as general manager of the Houston Rockets, enjoys that right as one of our employees,” Silver said. This rift between China and the NBA started late last week when Morey tweeted a now-deleted image that read “Fight for Freedom. Silver said NBA Cares would still honor its bigger mission surrounding that event, incl


OAKLAND, CA – MAY 31: Commissioner Adam Silver of the NBA addresses the media before Game 1 of the 2018 NBA Finals at ORACLE Arena on May 31, 2018 in Oakland, California. “Daryl Morey, as general manager of the Houston Rockets, enjoys that right as one of our employees,” Silver said. This rift between China and the NBA started late last week when Morey tweeted a now-deleted image that read “Fight for Freedom. Silver said NBA Cares would still honor its bigger mission surrounding that event, incl
Adam Silver says NBA won’t compromise its values, to discuss situation in China visit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: arjun kharpal
Keywords: news, cnbc, companies, discuss, chinese, silver, china, adam, games, freedom, visit, rockets, league, wont, situation, morey, values, nba, compromise, nets


Adam Silver says NBA won't compromise its values, to discuss situation in China visit

OAKLAND, CA – MAY 31: Commissioner Adam Silver of the NBA addresses the media before Game 1 of the 2018 NBA Finals at ORACLE Arena on May 31, 2018 in Oakland, California.

NBA Commissioner Adam Silver said the league is not apologizing for Houston Rockets general manager Daryl Morey’s since-deleted tweet showing support for anti-government protesters in Hong Kong, even after China’s state broadcaster canceled plans to show a pair of preseason games in that country later this week.

Silver, speaking Tuesday at a news conference in Tokyo before a preseason game between the Rockets and NBA champion Toronto Raptors, went as far as to say that he and the league are “apologetic” that so many Chinese officials and fans were upset by Morey’s tweet and comments that followed — but insisted that Morey has the right to freedom of expression.

“Daryl Morey, as general manager of the Houston Rockets, enjoys that right as one of our employees,” Silver said. “What I also tried to suggest is that I understand there are consequences from his freedom of speech and we will have to live with those consequences.”

Among those consequences: CCTV said it would not show the games between the Los Angeles Lakers and Brooklyn Nets, who will play Thursday in Shanghai and Saturday in Shenzhen. Basketball is wildly popular in China and those two teams — largely because of LeBron James starring for the Lakers and Chinese e-commerce giant Alibaba’s co-founder Joe Tsai now owning the Nets — would have almost certainly been a huge television draw.

“We’re strongly dissatisfied and oppose Adam Silver’s claim to support Morey’s right to freedom of expression,” CCTV said in a statement. “We believe that any remarks that challenge national sovereignty and social stability are not within the scope of freedom of speech.”

The broadcaster is also reviewing all its cooperation and exchanges involving the NBA, said the statement posted to CCTV Sports’ official social media account.

Silver is going to Shanghai on Wednesday and said he hopes to meet with officials and some of the league’s business partners there in an effort to find some sort of common ground. He said he hopes Chinese officials and fans look at the totality of the impact of the three-decade-plus relationship between the league and their country, and urged them to see his response while acknowledging there are political differences between the countries.

“I’m sympathetic to our interests here and our partners that are upset,” Silver said. “I don’t think it’s inconsistent on one hand to be sympathetic to them and at the same time stand by our principles.”

Silver said the NBA did not expect CCTV to cancel plans to show the Lakers-Nets games. “But if those are the consequences of us adhering to our values, I still feel it’s very, very important to adhere to those values,” Silver said.

This rift between China and the NBA started late last week when Morey tweeted a now-deleted image that read “Fight for Freedom. Stand with Hong Kong,” in reference to months of pro-democracy demonstrations in the semiautonomous Chinese territory that has been mired in escalating violence between protesters and law enforcement.

Efforts were quickly made to defuse the impact; Rockets owner Tilman Fertitta said Morey does not speak for the Rockets, and Morey returned to Twitter on Monday in an effort to clarify his meaning. But damage was clearly done: at least one Chinese sporting goods company said it was no longer cooperating with the Rockets, NBA streaming partner Tencent — which has a $1.5 billion contract with the league over the next five seasons — said it would not show Rockets games and a sports news website in China said it was no longer covering the team.

Further complicating the matter is this: China’s best-known basketball player is Hall of Famer Yao Ming, who spent his NBA career with the Rockets. Yao is now the president of the Chinese Basketball Association, which has said it is suspending its relationship with the Rockets as part of the response to Morey’s tweet. The CBA also canceled plans to have the G League affiliates from Houston and Dallas play preseason games in China later this month.

“I’m hoping that together Yao Ming and I can find an accommodation,” Silver said. “But he is extremely hot at the moment, and I understand it.”

A ceremonial NBA Cares event for an educational center in Shanghai with the Nets was canceled Tuesday, though the Nets participated in other events as scheduled. The Lakers were arriving there Tuesday. Silver said NBA Cares would still honor its bigger mission surrounding that event, including providing a gift of new computers.

“How can it be possible to carry out exchanges and cooperation with China without knowing China’s public opinion?” Chinese Foreign Ministry Spokesman Geng Shuang said Tuesday. “NBA’s cooperation with China has been going on for quite a long time, so for what should be said and what should be done, they know best.”

Silver also released a statement prior to his news conference, saying “those who question our motivation” should know that the NBA’s stance is about more than business. Many U.S. lawmakers have called for the league to take action — some even suggesting the games in China should be canceled by the NBA.

“We are not apologizing for Daryl exercising his freedom of expression,” Silver said. “I regret — again, having communicated directly with many friends in China — that so many people are upset, including millions and millions of our fans. At the end of the day, we come with basketball as an opportunity to sell dreams, sell hopes … that we are causing disruption in people’s lives and that we are causing disharmony, that’s something I regret.”


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: arjun kharpal
Keywords: news, cnbc, companies, discuss, chinese, silver, china, adam, games, freedom, visit, rockets, league, wont, situation, morey, values, nba, compromise, nets


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NBA Commissioner Adam Silver wants to meet with China officials to discuss ‘context’ of Hong Kong protest tweet

Silver called CCTV’s decision “unfortunate” and apologized for offending the league’s Chinese fans. Tencent has been the digital media partner of the NBA in China since 2009. China’s largest online shopping sites owned by giants Alibaba and JD.com appear to have removed items related to the Houston Rockets. The association is chaired by Yao Ming, a Chinese NBA star who was formerly with the Rockets, and is credited with helping the expand in China. I accept that we have a difference of opinion,”


Silver called CCTV’s decision “unfortunate” and apologized for offending the league’s Chinese fans. Tencent has been the digital media partner of the NBA in China since 2009. China’s largest online shopping sites owned by giants Alibaba and JD.com appear to have removed items related to the Houston Rockets. The association is chaired by Yao Ming, a Chinese NBA star who was formerly with the Rockets, and is credited with helping the expand in China. I accept that we have a difference of opinion,”
NBA Commissioner Adam Silver wants to meet with China officials to discuss ‘context’ of Hong Kong protest tweet Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: elijah shama
Keywords: news, cnbc, companies, kong, right, rockets, hong, context, houston, leagues, discuss, protest, silver, meet, chinese, china, wants, values, morey, nba, tolerance, officials


NBA Commissioner Adam Silver wants to meet with China officials to discuss 'context' of Hong Kong protest tweet

NBA Commissioner Adam Silver said he hopes to meet with Chinese officials this week when he travels to Shanghai for Thursday night’s game between the Los Angeles Lakers and Brooklyn Nets — after a tweet from one of the league’s executives ignited an international firestorm.

Chinese state-run television network CCTV said it was suspending the current broadcast arrangements for the NBA’s preseason games in China, including this week’s game, after Houston Rocket’s General Manager Daryl Morey tweeted support Sunday for the anti-government protests in Hong Kong. The fallout has escalated from there as other Chinese companies began severing ties to the National Basketball League.

Silver called CCTV’s decision “unfortunate” and apologized for offending the league’s Chinese fans. He stood by Morey’s right to express his opinions, saying the league would “protect its employees’ freedom of speech.”

“If that’s the consequences of us adhering to our values, we still feel it’s critically important we adhere to those values,” he said, speaking at press conference Tuesday in Tokyo before a preseason game between the Rockets and NBA champion Toronto Raptors.

He said he hopes to meet with Chinese officials later this week to “discuss where we stand and again, put those remarks from Daryl Morey and my remarks in an appropriate context of a many decades-long relationship and see if we can find mutual respect for each other’s political systems and beliefs.”

The Chinese-run television network said it was “strongly dissatisfied” with Silver’s remarks.

“We oppose Silver’s claim to support Morey’s right of free expression. We believe that any speech that challenges national sovereignty and social stability is not within the scope of freedom of speech,” CCTV said in its statement in Chinese, which was translated by CNBC.

Tencent has been the digital media partner of the NBA in China since 2009. The two sides just announced an extension of their deal to the 2024-2025 season, that’s reportedly worth $1.5 billion. China’s largest online shopping sites owned by giants Alibaba and JD.com appear to have removed items related to the Houston Rockets.

The international incident was ignited when Morey tweeted the slogan “Fight for freedom, stand with Hong Kong,” which is being used by pro-democracy protestors in the Chinese territory.

The tweet was quickly deleted and Morey sent a follow-up tweet attempting to walk back the statement.

It still quickly drew backlash from both the Chinese Consulate-General in Houston and the Chinese Basketball Association.

The CBA said it is was suspending cooperation with the team. The association is chaired by Yao Ming, a Chinese NBA star who was formerly with the Rockets, and is credited with helping the expand in China. The CBA also canceled four games scheduled later this month in Suzhou, China, which included some matches between the Houston Rockets’ G League affiliate the Rio Grande Valley Vipers.

Silver said Ming was “extremely hot” over the league’s response.

“I’m not sure he quite accepts how we’re operating our business right now. I accept that we have a difference of opinion,” Silver said, adding that “tolerance” is one of the league’s core values. “I think tolerance for differing societies approaches. Tolerance for differing points of views and the ability to listen.”


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: elijah shama
Keywords: news, cnbc, companies, kong, right, rockets, hong, context, houston, leagues, discuss, protest, silver, meet, chinese, china, wants, values, morey, nba, tolerance, officials


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Ex-WPP CEO Martin Sorrell says ‘breakup values’ of ad companies are approaching huge levels

Valuations of advertising companies are nearing levels that haven’t been seen in a while, and that has implications for a potential breakup of ad giants, former WPP boss Martin Sorrell said Friday. “The breakup values of these companies, or the market values, are approaching levels which we haven’t seen for some time,” Sorrell told CNBC’s “Squawk Box Europe.” “The pressure in the legacy sector is huge.” Sorrell left WPP, the advertising empire he started in 1985, last year following a board-leve


Valuations of advertising companies are nearing levels that haven’t been seen in a while, and that has implications for a potential breakup of ad giants, former WPP boss Martin Sorrell said Friday. “The breakup values of these companies, or the market values, are approaching levels which we haven’t seen for some time,” Sorrell told CNBC’s “Squawk Box Europe.” “The pressure in the legacy sector is huge.” Sorrell left WPP, the advertising empire he started in 1985, last year following a board-leve
Ex-WPP CEO Martin Sorrell says ‘breakup values’ of ad companies are approaching huge levels Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: ryan browne
Keywords: news, cnbc, companies, levels, companies, ceo, exwpp, firm, huge, havent, values, martin, breakup, advertising, wpp, seen, sorrell, approaching


Ex-WPP CEO Martin Sorrell says 'breakup values' of ad companies are approaching huge levels

Valuations of advertising companies are nearing levels that haven’t been seen in a while, and that has implications for a potential breakup of ad giants, former WPP boss Martin Sorrell said Friday.

“The breakup values of these companies, or the market values, are approaching levels which we haven’t seen for some time,” Sorrell told CNBC’s “Squawk Box Europe.” “The pressure in the legacy sector is huge.”

Sorrell highlighted Publicis Groupe’s $4.4 billion acquisition of data marketing firm Epsilon earlier this year, which analysts had expressed skepticism about amid concerns over the French ad holding group’s revenue growth and how the deal would align with its strategy.

Sorrell left WPP, the advertising empire he started in 1985, last year following a board-level investigation into the former CEO over alleged personal misconduct. He helped the company transition from a two-man operation to the world’s largest advertising firm.


Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: ryan browne
Keywords: news, cnbc, companies, levels, companies, ceo, exwpp, firm, huge, havent, values, martin, breakup, advertising, wpp, seen, sorrell, approaching


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Ritual founder Katerina Schneider isn’t interested in resumes—here’s how she spots a good hire

Katerina Schneider’s resume is impressive. But if there’s one thing Schneider has learned while building her team as founder and CEO of Ritual, it’s that a resume isn’t the best way to determine a good hire. “I learned early on that I was hiring based on resume,” Schneider tells CNBC Make It. I’d say, ‘Oh, this person has an MBA and Ph.D. and works for this big company — that’s awesome! “I realized that some of the best people we’ve hired embody the same values as the early people in the company


Katerina Schneider’s resume is impressive. But if there’s one thing Schneider has learned while building her team as founder and CEO of Ritual, it’s that a resume isn’t the best way to determine a good hire. “I learned early on that I was hiring based on resume,” Schneider tells CNBC Make It. I’d say, ‘Oh, this person has an MBA and Ph.D. and works for this big company — that’s awesome! “I realized that some of the best people we’ve hired embody the same values as the early people in the company
Ritual founder Katerina Schneider isn’t interested in resumes—here’s how she spots a good hire Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-01  Authors: jennifer liu
Keywords: news, cnbc, companies, values, isnt, interested, good, learned, company, schneider, katerina, ritual, resumesheres, resume, founder, team, hire, schneiders, spots, think, thats, investment


Ritual founder Katerina Schneider isn't interested in resumes—here's how she spots a good hire

Katerina Schneider’s resume is impressive. She holds a degree in applied mathematics and economics from Brown University, started her career in investment banking with Lehman Brothers, led global digital innovation at Universal Music Group, and managed an active portfolio of over 70 investments at Troy Carter’s investment fund, including Dropbox, Warby Parker, Spotify, Uber and Lyft.

But if there’s one thing Schneider has learned while building her team as founder and CEO of Ritual, it’s that a resume isn’t the best way to determine a good hire.

In fact, she doesn’t think a resume is necessary at all to get hired at her wellness company. “I learned early on that I was hiring based on resume,” Schneider tells CNBC Make It. “I think that’s a mistake a lot of first-time founders often make. I’d say, ‘Oh, this person has an MBA and Ph.D. and works for this big company — that’s awesome! They’re probably great.’ And I got burned a couple of times doing that.”

These days, educational background and previous experience aren’t what catch Schneider’s eye in a potential hire. Instead, she looks for people who match the company values she established along with her team when they reached 50 employees.

“I realized that some of the best people we’ve hired embody the same values as the early people in the company,” Schneider says. Those core values include principles like embracing the no’s, getting gritty and making an impact.

Ritual was named one of LinkedIn’s top start-ups of the year, due to high interest among job seekers on the search platform, as well as the company’s ability to attract talent from other major companies.


Company: cnbc, Activity: cnbc, Date: 2019-10-01  Authors: jennifer liu
Keywords: news, cnbc, companies, values, isnt, interested, good, learned, company, schneider, katerina, ritual, resumesheres, resume, founder, team, hire, schneiders, spots, think, thats, investment


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Millennials may be facing unaffordable housing, but they’re paying less in rent than other generations

But is the situation facing millennials, those ages 23 to 38, really worse than the housing environment that Gen X and baby boomers grew up in? On average, millennials need to save 6.4 years’ worth of their total annual pay to afford a down payment on a home. And almost two-thirds of millennials say they’re living paycheck to paycheck, according to Schwab’s 2019 Modern Wealth report. Yet while home prices may be higher now for millennials, rents are actually more affordable than they were for Ge


But is the situation facing millennials, those ages 23 to 38, really worse than the housing environment that Gen X and baby boomers grew up in? On average, millennials need to save 6.4 years’ worth of their total annual pay to afford a down payment on a home. And almost two-thirds of millennials say they’re living paycheck to paycheck, according to Schwab’s 2019 Modern Wealth report. Yet while home prices may be higher now for millennials, rents are actually more affordable than they were for Ge
Millennials may be facing unaffordable housing, but they’re paying less in rent than other generations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: megan leonhardt
Keywords: news, cnbc, companies, theyre, generations, today, average, boomers, paying, facing, rent, housing, baby, worth, values, unaffordable, paycheck, incomes, according, millennials


Millennials may be facing unaffordable housing, but they're paying less in rent than other generations

For millennials, the outlook on home ownership is bleak: Housing values keep rising and incomes just aren’t keeping up.

But is the situation facing millennials, those ages 23 to 38, really worse than the housing environment that Gen X and baby boomers grew up in? To compare, HireAHelper analyzed U.S. Census Bureau data and isolated the years that each generation was entering independent adulthood in their 20s.

On average, millennials need to save 6.4 years’ worth of their total annual pay to afford a down payment on a home. That’s because today, the median home listing price in the U.S. is $289,000, according to Zillow. Newly constructed houses are even pricier: The median cost of a new home in the U.S. is about $312,800, according to data collected by the U.S. Census Bureau.

In comparison, the average Gen Xer and baby boomer needed to save about 5.6 years’ worth of their overall income for a down payment, which means millennials need to put away about 15% more than previous generations to afford a home. That’s because home values were lower and incomes have not increased as quickly for millennials as they had for previous generations.

The Great Recession also directly — and negatively — affected millennials’ earnings, HireAHelper found. The average paycheck only has the same purchasing power it did 40 years ago, according to the Pew Research Center. And almost two-thirds of millennials say they’re living paycheck to paycheck, according to Schwab’s 2019 Modern Wealth report.

Yet while home prices may be higher now for millennials, rents are actually more affordable than they were for Gen-Xers or baby boomers. Today, millennials spend about 35.7% of their monthly incomes on rent, compared to boomers’ rent-to-income ratio of 38.1%. Gen-Xers spent 35.9% of their paycheck on rent.


Company: cnbc, Activity: cnbc, Date: 2019-09-26  Authors: megan leonhardt
Keywords: news, cnbc, companies, theyre, generations, today, average, boomers, paying, facing, rent, housing, baby, worth, values, unaffordable, paycheck, incomes, according, millennials


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Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%


Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion). The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5%
Hong Kong stock exchange makes $36.6 billion offer for London stock exchange Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


Hong Kong stock exchange makes $36.6 billion offer for London stock exchange

Hong Kong Exchanges and Clearing Limited (HKEX) said Wednesday it has made a proposal to the board of London Stock Exchange Group Plc (LSE) to “combine the two companies,” in a deal which values the LSE at about £29.6 billion ($36.6 billion).

The HKEX said the deal would be funded by a combination of existing cash and a new credit facility. It cautioned, however, that its statement to the market should be considered as an announcement to make a possible offer and is not confirmation of a firm intention to bid.

The statement from HKEX said a further announcement will be made “as and when appropriate.”

HKEX has proposed £20.45 a share in cash, as well as 2.495 newly issued HKEX shares. LSE shares rallied shortly after 10:00 a.m. London time, rising by 8.5% before giving up some of the initial gains.

HKEX said it expected key LSE management to keep their jobs and work for the new owners.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: david reid
Keywords: news, cnbc, companies, hong, announcement, statement, values, kong, 366, makes, deal, london, offer, lse, hkex, shares, cash, work, exchange, stock, billion


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Equinox chief to members: ‘I’m sorry for the impact’ of Trump fundraiser ‘on our community’

That gathering, along with another Hamptons fundraiser, raked in about $12 million, RNC Chair Ronna McDaniel said in a tweet Friday. Equinox and SoulCycle issued a joint statement last week saying, “As is consistent with our policies, no company profits are used to fund politicians. Read the entire letter from Harvey Spevak:To our Equinox Community -The last week has been difficult for all. I am sorry for the impact it has had on our community – and I’m sorry we haven’t said more. I’m proud that


That gathering, along with another Hamptons fundraiser, raked in about $12 million, RNC Chair Ronna McDaniel said in a tweet Friday. Equinox and SoulCycle issued a joint statement last week saying, “As is consistent with our policies, no company profits are used to fund politicians. Read the entire letter from Harvey Spevak:To our Equinox Community -The last week has been difficult for all. I am sorry for the impact it has had on our community – and I’m sorry we haven’t said more. I’m proud that
Equinox chief to members: ‘I’m sorry for the impact’ of Trump fundraiser ‘on our community’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: jordan mcdonald
Keywords: news, cnbc, companies, team, values, community, week, impact, sorry, company, members, worked, chief, million, support, fundraiser, im, trump, equinox


Equinox chief to members: 'I'm sorry for the impact' of Trump fundraiser 'on our community'

That gathering, along with another Hamptons fundraiser, raked in about $12 million, RNC Chair Ronna McDaniel said in a tweet Friday.

As news of the Ross fundraiser trickled out, it spurred waves of member cancellations and outcry from celebrities like Chrissy Teigen and Billy Eichner.

“There are a handful of billionaires who own everything and many support Trump,” Eichner wrote on Twitter. “Practically speaking, it’s probably impossible to completely avoid them. But considering @Equinox’s clientele and how they’ve pandered to us, this one feels particularly hypocritical and shameful.”

Equinox and SoulCycle issued a joint statement last week saying, “As is consistent with our policies, no company profits are used to fund politicians. We are committed to all our members and the communities we live in. We believe in tolerance and equality, and will always stay true to those values.”

Read the entire letter from Harvey Spevak:

To our Equinox Community –

The last week has been difficult for all. I am sorry for the impact it has had on our community – and I’m sorry we haven’t said more. We have not been ignoring the situation. I have been in our clubs listening to our teams and members. I really appreciate the open and honest feedback I received. It’s been heartfelt and, in many instances, emotional. I’m proud that even during this difficult time our community is one that listens and respects each other.

Many of you have asked for clarification on Stephen Ross’s investment in Equinox. Mr. Ross is not the majority investor in Equinox. He is one of the investors including myself. He does not run the company. I do. I am the Executive Chairman of Equinox and have led the vision and strategic direction of the company since I joined in 1999. Our focus has always been about building a community centered on our values, not politics.

When I joined Equinox over 20 years ago, I worked with our then small team to create values that would guide us forward. They are the foundation of our culture, a culture based on equality, diversity, inclusivity, integrity, empathy and mutual respect. A community where everyone is welcome.

We live our values every day, which means giving back to the communities that have given us so much. We have helped Cycle for Survival raise $42 million for rare cancer research this year alone. We have trained injured veterans returning from war zones to climb the seven highest summits through The Heroes Project. We have partnered with Move for Minds to raise funds and awareness around brain health and women-based Alzheimer’s research. We have worked with The Felix Organization, a charity focused on enriching lives of children in foster care. And we have been a proud partner of House Lives Matter, supporting the House Ballroom Community comprised of sexual and gender minority people of color (LGBTQ and gender non-conforming). Every one of these commitments was started with a single idea reflecting the priorities of our members and employees.

While I don’t have all the answers, what we have heard from many of you is that you would like Equinox to immediately help amplify your voice in support of causes we as a community have always held close. As a next step, Equinox will make a $1 million donation to benefit the five charities mentioned above. From August 17 through August 31, every check-in will be an opportunity for our members and employees to select how our donation will be allocated among the causes.

I want to thank our amazing team and all they do in service of you, our members. It pains me to see how this has been impacting them and I am truly grateful for their commitment, passion and dedication. We will continue to listen to your thoughts and ideas, and while we have a lot of work to do, I am confident that together we will come out a stronger community.

With gratitude,

Harvey Spevak

EQUINOX | Executive Chairman, Managing Partner


Company: cnbc, Activity: cnbc, Date: 2019-08-15  Authors: jordan mcdonald
Keywords: news, cnbc, companies, team, values, community, week, impact, sorry, company, members, worked, chief, million, support, fundraiser, im, trump, equinox


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How to take control of your spending and start saving

Jonathan Shepherd knew his spending and money habits were out of control. So, he started meeting regularly with certified financial planner Lazetta Rainey Braxton, founder of Financial Fountains in Baltimore, to focus on what they call his “money rhythm” and discuss his spending and saving, as well as plan for the future. Shepherd is not alone in his efforts to curb his spending. According to a recent Invest in You Spending Survey, one-third of Americans said they have cut their spending in the


Jonathan Shepherd knew his spending and money habits were out of control. So, he started meeting regularly with certified financial planner Lazetta Rainey Braxton, founder of Financial Fountains in Baltimore, to focus on what they call his “money rhythm” and discuss his spending and saving, as well as plan for the future. Shepherd is not alone in his efforts to curb his spending. According to a recent Invest in You Spending Survey, one-third of Americans said they have cut their spending in the
How to take control of your spending and start saving Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: michelle fox
Keywords: news, cnbc, companies, spending, set, things, money, start, working, control, shepherd, financial, braxton, table, saving, values


How to take control of your spending and start saving

Jonathan Shepherd knew his spending and money habits were out of control. What he needed was a plan. “I was going through a pretty strenuous situation, financially,” Shepherd said. The Maryland physician and child psychiatrist not only wanted to set aside money for his future, he also had to save a set amount of each year to pay for things like malpractice and disability insurance. More from Invest in You:

5 painless things you can do to rein in your spending

Talk money with your friends — it might improve your finances

Boost your budgeting IQ by answering these 10 questions “Those are tens of thousands of dollars, so I have to be able to save appropriately for those and be able to have money left over,” said Shepherd. So, he started meeting regularly with certified financial planner Lazetta Rainey Braxton, founder of Financial Fountains in Baltimore, to focus on what they call his “money rhythm” and discuss his spending and saving, as well as plan for the future.

Dr. Jonathan Shepherd, child psychiatrist Photo: A Dr. v Image

“When I’m working with clients, we are putting everything on the table and matching that up to their goals and values,” said Braxton, a member of the CNBC Advisor Council. “When they see those line items that don’t match up to who they want to be, that is certainly a reason to cut back.” Shepherd is not alone in his efforts to curb his spending. According to a recent Invest in You Spending Survey, one-third of Americans said they have cut their spending in the last year. The reasons for the shift were varied, from things like job loss to new debt. The poll of 2,800 Americans was conducted June 17-20 by CNBC + Acorns in partnership with SurveyMonkey.

When I’m working with clients, we are putting everything on the table and matching that up to their goals and values. Lazetta Rainey Braxton founder, Financial Fountains


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: michelle fox
Keywords: news, cnbc, companies, spending, set, things, money, start, working, control, shepherd, financial, braxton, table, saving, values


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Ex-Defense chief: Google has a duty to the US, not China, to ‘take our values to the battlefield’

Former Obama Defense Secretary Ash Carter told CNBC on Thursday that if Alphabet’s Google is working in China, it may be unknowingly working for the Chinese military. However, Google, whose search engine remains blocked in China, has continued to grow its AI center in Shanghai. “Google refused to work for the Pentagon on artificial intelligence,” Clarke told CNBC on Wednesday. On Monday, Joe Lonsdale told CNBC that his fellow Palantir co-founder Thiel was “courageous” for speaking out against Go


Former Obama Defense Secretary Ash Carter told CNBC on Thursday that if Alphabet’s Google is working in China, it may be unknowingly working for the Chinese military. However, Google, whose search engine remains blocked in China, has continued to grow its AI center in Shanghai. “Google refused to work for the Pentagon on artificial intelligence,” Clarke told CNBC on Wednesday. On Monday, Joe Lonsdale told CNBC that his fellow Palantir co-founder Thiel was “courageous” for speaking out against Go
Ex-Defense chief: Google has a duty to the US, not China, to ‘take our values to the battlefield’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, values, duty, work, chief, told, intelligence, going, china, google, thiels, thiel, exdefense, battlefield, working


Ex-Defense chief: Google has a duty to the US, not China, to 'take our values to the battlefield'

Former Obama Defense Secretary Ash Carter told CNBC on Thursday that if Alphabet’s Google is working in China, it may be unknowingly working for the Chinese military.

“If you’re working in China, you don’t know whether you’re working on a project for the military or not,” said Carter, whose decadeslong government career also included advisory roles to Republican presidents.

“There is a duty to this country,” he added. “We’re in debt to the society that we live in.”

Carter was responding to tech investor Peter Thiel’s calls for a government investigation into Google for its “seemingly treasonous decision to work with the Chinese military and not with the U.S. military.”

President Donald Trump tweeted Tuesday that his administration will “take a look” into Thiel’s claims. Thiel was a supporter of Trump’s 2016 presidential campaign. Google has denied working with the Chinese military.

Refusing to go as far as Thiel’s “seemingly treasonous” characterization, Carter told “Squawk Box” that Google made a “mistake” in not advancing its work with the Pentagon.

Google’s contract with the Defense Department, which focused on artificial intelligence, expired earlier this year, and it was not renewed. However, Google, whose search engine remains blocked in China, has continued to grow its AI center in Shanghai.

Carter’s comments echoed those of former Obama White House cybersecurity chief Richard Clarke, who said Thiel was right to call out Google.

“Google refused to work for the Pentagon on artificial intelligence,” Clarke told CNBC on Wednesday. “If you turn around and you work on artificial intelligence in China, and you don’t really know what they’re going to do with that, I think there’s an issue.”

Clarke also was White House counterterrorism coordinator under Presidents Bill Clinton and George W. Bush.

On Monday, Joe Lonsdale told CNBC that his fellow Palantir co-founder Thiel was “courageous” for speaking out against Google.

“Google is not a patriotic company, ” said Lonsdale, also a founding partner of technology investment firm 8VC. “When Google made the choice, ‘We’re not going to help the U.S., but we’re going to continue to work in China,’ it was very clear.”


Company: cnbc, Activity: cnbc, Date: 2019-07-18  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, values, duty, work, chief, told, intelligence, going, china, google, thiels, thiel, exdefense, battlefield, working


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Workers value a strong company culture over higher pay, study claims

Most people believe a strong company culture will make them happier at work than earning a high salary, according to new research. Although corporate culture was a priority for the majority of respondents, it mattered more to younger adults, Glassdoor’s findings showed. Two-thirds of British millennials ⁠— those aged between 18 and 34 ⁠—⁠ ranked culture above salary, while half of U.K. workers aged over 45 prioritized culture first. In the U.S., 65% of millennials valued company culture more tha


Most people believe a strong company culture will make them happier at work than earning a high salary, according to new research. Although corporate culture was a priority for the majority of respondents, it mattered more to younger adults, Glassdoor’s findings showed. Two-thirds of British millennials ⁠— those aged between 18 and 34 ⁠—⁠ ranked culture above salary, while half of U.K. workers aged over 45 prioritized culture first. In the U.S., 65% of millennials valued company culture more tha
Workers value a strong company culture over higher pay, study claims Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: chloe taylor
Keywords: news, cnbc, companies, culture, uk, higher, workers, value, salary, adults, strong, company, pay, job, values, glassdoors, study, claims


Workers value a strong company culture over higher pay, study claims

Most people believe a strong company culture will make them happier at work than earning a high salary, according to new research.

Global jobs website Glassdoor surveyed more than 5,000 adults in the U.S., the U.K., France and Germany throughout June to determine their priorities when it came to job satisfaction.

According to the study, 56% of workers ranked a strong workplace culture as more important than salary, with more than three-in-four workers saying they’d consider a company’s culture before applying for a job there.

Although corporate culture was a priority for the majority of respondents, it mattered more to younger adults, Glassdoor’s findings showed.

Two-thirds of British millennials ⁠— those aged between 18 and 34 ⁠—⁠ ranked culture above salary, while half of U.K. workers aged over 45 prioritized culture first. In the U.S., 65% of millennials valued company culture more than a high income, compared to 52% of Americans over the age of 45.

When considering a new job, the vast majority of workers would also take an organization’s values into account ⁠— 73% of Glassdoor’s respondents would not apply to a company unless its values aligned with their own.

Meanwhile, two-thirds of employees said their firm’s culture was one of the main reasons for staying in their job. Just over 70% of adults from all four countries said they would look for a role elsewhere if their current company’s culture deteriorated, with that proportion rising to 74% among U.S. workers.

“A common misperception among many employers today is that pay and work-life balance are among the top factors driving employee satisfaction,” said Andrew Chamberlain, Glassdoor’s chief economist, in a press release Thursday.

“Instead, employers looking to boost recruiting and retention efforts should prioritize building strong company culture and value systems, amplifying the quality and visibility of their senior leadership teams and offering clear, exciting career opportunities to employees.”


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: chloe taylor
Keywords: news, cnbc, companies, culture, uk, higher, workers, value, salary, adults, strong, company, pay, job, values, glassdoors, study, claims


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