Jeff and MacKenzie Bezos didn’t get a prenup—do you need one? Here’s what experts say

“It’s not just a little purchase and so I do think you need to have some assets to justify it.” A general rule of thumb is that “if you have a few hundred thousand dollars [in assets], you should at least consider a prenup,” says Holeman. “But in my experience working with clients, the big cause for actually needing a prenup isn’t necessarily on the dollar amount.” “When one person has way more than the other, that’s where it gets a little dicey,” says Holeman. If you’re both bringing in roughly


“It’s not just a little purchase and so I do think you need to have some assets to justify it.” A general rule of thumb is that “if you have a few hundred thousand dollars [in assets], you should at least consider a prenup,” says Holeman. “But in my experience working with clients, the big cause for actually needing a prenup isn’t necessarily on the dollar amount.” “When one person has way more than the other, that’s where it gets a little dicey,” says Holeman. If you’re both bringing in roughly
Jeff and MacKenzie Bezos didn’t get a prenup—do you need one? Here’s what experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: kathleen elkins, matthew staver, bloomberg, getty images, -nick holeman, certified financial planner, -david bach, wealth manager
Keywords: news, cnbc, companies, amounts, mackenzie, prenupdo, heres, bezos, worth, equal, words, experts, didnt, holeman, little, prenup, working, say, assets, jeff, youre, need


Jeff and MacKenzie Bezos didn't get a prenup—do you need one? Here's what experts say

“It’s not just a little purchase and so I do think you need to have some assets to justify it.”

A general rule of thumb is that “if you have a few hundred thousand dollars [in assets], you should at least consider a prenup,” says Holeman. “But in my experience working with clients, the big cause for actually needing a prenup isn’t necessarily on the dollar amount.”

Rather, “it’s when there are unequal amounts coming in from the marriage.”

In other words, if one member of the couple has a much higher income or significantly more assets than the other, it’s worth considering a prenup. “When one person has way more than the other, that’s where it gets a little dicey,” says Holeman.

If you’re both bringing in roughly equal amounts to the marriage, a prenup is “less needed, because it’s more of an equal playing field between both spouses,” says Holeman. Though, of course, he adds, that doesn’t mean you shouldn’t discuss getting one.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: kathleen elkins, matthew staver, bloomberg, getty images, -nick holeman, certified financial planner, -david bach, wealth manager
Keywords: news, cnbc, companies, amounts, mackenzie, prenupdo, heres, bezos, worth, equal, words, experts, didnt, holeman, little, prenup, working, say, assets, jeff, youre, need


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How to get by without a paycheck, as shutdown rolls on

Fifty-eight percent of Americans have less than $1000 saved 3 Hours Ago | 02:07Three weeks into a partial government shutdown, hundreds of thousands of federal workers are furloughed or working without pay. That’s longer than most can get by without income, considering that over three-quarters of all full-time workers are living paycheck to paycheck, according to a report from CareerBuilder. On average, government employees take home roughly $500 a week, according to the American Federation of G


Fifty-eight percent of Americans have less than $1000 saved 3 Hours Ago | 02:07Three weeks into a partial government shutdown, hundreds of thousands of federal workers are furloughed or working without pay. That’s longer than most can get by without income, considering that over three-quarters of all full-time workers are living paycheck to paycheck, according to a report from CareerBuilder. On average, government employees take home roughly $500 a week, according to the American Federation of G
How to get by without a paycheck, as shutdown rolls on Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: jessica dickler, sharon epperson, getty images, carlos barria, -james sullivan, financial advisor
Keywords: news, cnbc, companies, rolls, financial, employees, according, comes, workersfor, paycheck, weeks, week, shutdown, workers, working


How to get by without a paycheck, as shutdown rolls on

Fifty-eight percent of Americans have less than $1000 saved 3 Hours Ago | 02:07

Three weeks into a partial government shutdown, hundreds of thousands of federal workers are furloughed or working without pay.

That’s longer than most can get by without income, considering that over three-quarters of all full-time workers are living paycheck to paycheck, according to a report from CareerBuilder.

Federal workers are particularly vulnerable. On average, government employees take home roughly $500 a week, according to the American Federation of Government Employees, a labor union representing about 700,000 workers.

For them, any interruption in pay could a have devastating impact on themselves and their families.

When it comes to weathering a financial hardship, financial experts say the secret to success comes down to two tools: budgeting and borrowing.


Company: cnbc, Activity: cnbc, Date: 2019-01-14  Authors: jessica dickler, sharon epperson, getty images, carlos barria, -james sullivan, financial advisor
Keywords: news, cnbc, companies, rolls, financial, employees, according, comes, workersfor, paycheck, weeks, week, shutdown, workers, working


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Government shutdown: TSA officers call in sick, Miami closes terminal

Miami International Airport will close one of its terminals early this weekend as double the usual number of Transportation Security Administration officers, working unpaid in the partial government shutdown, called in sick. Amid the shutdown, which began on Dec. 22 and is now the longest ever, TSA officers missed their first paycheck on Friday. The agency acknowledged that unscheduled absences of the 51,000 TSA officers have been on the rise, but said “security standards remain uncompromised at


Miami International Airport will close one of its terminals early this weekend as double the usual number of Transportation Security Administration officers, working unpaid in the partial government shutdown, called in sick. Amid the shutdown, which began on Dec. 22 and is now the longest ever, TSA officers missed their first paycheck on Friday. The agency acknowledged that unscheduled absences of the 51,000 TSA officers have been on the rise, but said “security standards remain uncompromised at
Government shutdown: TSA officers call in sick, Miami closes terminal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: leslie josephs, spencer platt, getty images news, getty images
Keywords: news, cnbc, companies, terminals, security, terminal, working, international, closes, scheduled, officers, shutdown, sick, tsa, airport, miami


Government shutdown: TSA officers call in sick, Miami closes terminal

Miami International Airport will close one of its terminals early this weekend as double the usual number of Transportation Security Administration officers, working unpaid in the partial government shutdown, called in sick.

The TSA workers are among the some 420,000 federal employees deemed essential who are working without pay. Amid the shutdown, which began on Dec. 22 and is now the longest ever, TSA officers missed their first paycheck on Friday.

The shifts show how the impact from the shutdown, the result of an impasse between President Donald Trump and lawmakers over funding for a barrier along the southern U.S. border, are impacting aviation. The shutdown has stalled the required federal approvals for new jets and routes, as well as certifications for new mechanics and other industry employees.

The agency acknowledged that unscheduled absences of the 51,000 TSA officers have been on the rise, but said “security standards remain uncompromised at our nation’s airports.” About 5.6 percent of officers called out sick on Saturday, up from 3.3 percent a year ago, spokesman Michael Bilello said.

The TSA considers a normal wait time on security line 30 minutes or less. At Miami International Airport, McCarren International Airport (which serves Las Vegas) and Fort Lauderdale-Hollywood International Airport, maximum wait times were 29 minutes, Bilello said. Others around the country were lower, and the impact to air travelers has so far been minimal.

“We usually see 30-40 TSA call-outs per day, but that has doubled in the last few days,” Greg Chin, spokesman for Miami International Airport, told CNBC in an email. He said that the airport has about 700 TSA workers scheduled to work daily.

Starting Saturday, flights scheduled to fly from Terminals G after 1 p.m. through the same time on Sunday and Monday, will be relocated to Terminals F or H. The change is a “precautionary measure and to better utilize the decreased staffing,” Chin said.

United Airlines will use other gates for flights that were scheduled to depart from Terminal G, and is telling travelers to arrive at the airport early and to check for changes, a spokeswoman said.

TSA Administrator David Pekoske late Friday said the screeners would receive $500 and be paid for Dec. 22, the day the shutdown began.


Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: leslie josephs, spencer platt, getty images news, getty images
Keywords: news, cnbc, companies, terminals, security, terminal, working, international, closes, scheduled, officers, shutdown, sick, tsa, airport, miami


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No US assistance on Syria reconstruction until Iran is out: top US diplomat

Top U.S. diplomats are stridently pledging the Trump administration’s determination to drive Iran out of Syria, even as it prepares to withdraw its military presence. And they’re fielding new ideas to further that aim — even if it means withholding crucial aid. Doubling down on the Trump’s administration’s anti-Iran message, the senior policy advisor to Secretary of State Mike Pompeo, Brian Hook, vowed no U.S. reconstruction assistance to the war-torn country until Iranian forces and its proxies


Top U.S. diplomats are stridently pledging the Trump administration’s determination to drive Iran out of Syria, even as it prepares to withdraw its military presence. And they’re fielding new ideas to further that aim — even if it means withholding crucial aid. Doubling down on the Trump’s administration’s anti-Iran message, the senior policy advisor to Secretary of State Mike Pompeo, Brian Hook, vowed no U.S. reconstruction assistance to the war-torn country until Iranian forces and its proxies
No US assistance on Syria reconstruction until Iran is out: top US diplomat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: natasha turak
Keywords: news, cnbc, companies, iran, forces, administrations, withdraw, hook, iranian, reconstruction, assistance, diplomat, withholding, syria, working


No US assistance on Syria reconstruction until Iran is out: top US diplomat

Top U.S. diplomats are stridently pledging the Trump administration’s determination to drive Iran out of Syria, even as it prepares to withdraw its military presence. And they’re fielding new ideas to further that aim — even if it means withholding crucial aid.

Doubling down on the Trump’s administration’s anti-Iran message, the senior policy advisor to Secretary of State Mike Pompeo, Brian Hook, vowed no U.S. reconstruction assistance to the war-torn country until Iranian forces and its proxies are completely driven out.

“We think that if working with everybody in the region, and if we construct our diplomacy the way we want to, that we will be able to get rid of all forces under Iranian control,” Hook told CNBC’s Hadley Gamble in Abu Dhabi. “We are not going to permit them do in Syria what they did in Lebanon, and we will be withholding reconstruction assistance, we have a number of tools at our disposal to help accomplish that objective.”


Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: natasha turak
Keywords: news, cnbc, companies, iran, forces, administrations, withdraw, hook, iranian, reconstruction, assistance, diplomat, withholding, syria, working


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Britain’s May suffers parliament defeat as Brexit debate restarts

British Prime Minister Theresa May suffered an early defeat to her Brexit plans on Wednesday, when lawmakers demanded the government come up with a plan B within days if she loses a vote on her deal to leave the European Union. With less than three months before Britain is due to leave the EU, parliament kicked off a five-day battle over May’s Brexit plan with a show of force – undermining her preferred timetable if lawmakers vote down her deal on Tuesday. May has refused to retreat from her unp


British Prime Minister Theresa May suffered an early defeat to her Brexit plans on Wednesday, when lawmakers demanded the government come up with a plan B within days if she loses a vote on her deal to leave the European Union. With less than three months before Britain is due to leave the EU, parliament kicked off a five-day battle over May’s Brexit plan with a show of force – undermining her preferred timetable if lawmakers vote down her deal on Tuesday. May has refused to retreat from her unp
Britain’s May suffers parliament defeat as Brexit debate restarts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: mike newberg
Keywords: news, cnbc, companies, deal, leave, parliament, debate, lawmakers, working, brexit, britains, plan, vote, eu, days, suffers, restarts, defeat, come


Britain's May suffers parliament defeat as Brexit debate restarts

British Prime Minister Theresa May suffered an early defeat to her Brexit plans on Wednesday, when lawmakers demanded the government come up with a plan B within days if she loses a vote on her deal to leave the European Union.

With less than three months before Britain is due to leave the EU, parliament kicked off a five-day battle over May’s Brexit plan with a show of force – undermining her preferred timetable if lawmakers vote down her deal on Tuesday.

May has refused to retreat from her unpopular deal, which envisages close trading ties with the EU after leaving in March, pressing ahead with the vote that she looks set to lose after failing to win over her nominal Northern Irish allies.

Losing the vote would deepen the uncertainty over the future of Brexit, Britain’s biggest shift in foreign and trade policy for more than 40 years, and opens the way for several different outcomes, ranging from a disorderly exit to another referendum.

Lawmakers voted 308-297 in favour of demanding the government come up with an alternative plan within three working days after Tuesday’s vote, rather than a planned 21-day limit, a largely symbolic vote aimed at putting pressure on the government.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: mike newberg
Keywords: news, cnbc, companies, deal, leave, parliament, debate, lawmakers, working, brexit, britains, plan, vote, eu, days, suffers, restarts, defeat, come


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IRS confirms tax season will start Jan. 28, despite government shutdown

The IRS announced on Monday night that income tax filing season would begin on Jan. 28 and that it would pay refunds to taxpayers, in spite of the government shutdown. A spokesman for the IRS was unable to provide the specific details on how many IRS workers would be brought back and for which functions, as the agency has not yet released its updated contingency plan for the filing season. The announcement from the IRS came after a Trump administration official told reporters on Monday that fede


The IRS announced on Monday night that income tax filing season would begin on Jan. 28 and that it would pay refunds to taxpayers, in spite of the government shutdown. A spokesman for the IRS was unable to provide the specific details on how many IRS workers would be brought back and for which functions, as the agency has not yet released its updated contingency plan for the filing season. The announcement from the IRS came after a Trump administration official told reporters on Monday that fede
IRS confirms tax season will start Jan. 28, despite government shutdown Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: darla mercado
Keywords: news, cnbc, companies, means, despite, federal, jan, trump, season, shutdown, irs, 28, tax, refunds, workers, ways, filing, confirms, start, working


IRS confirms tax season will start Jan. 28, despite government shutdown

The IRS announced on Monday night that income tax filing season would begin on Jan. 28 and that it would pay refunds to taxpayers, in spite of the government shutdown.

The agency said that it would recall a “significant portion” of its workforce, summoning them back to work without pay.

A spokesman for the IRS was unable to provide the specific details on how many IRS workers would be brought back and for which functions, as the agency has not yet released its updated contingency plan for the filing season.

The announcement from the IRS came after a Trump administration official told reporters on Monday that federal income tax refunds would be paid even though the government is shut down.

“Tax refunds will go out,” said Russell T. Vought, acting director of the White House Office of Management and Budget, in a briefing on Monday.

There have been growing concerns that tax refunds might be delayed as 800,000 federal workers are either furloughed or working without pay as President Donald Trump and Congress are mired in a standoff over funding for a southern border wall.

Only about 12 percent of IRS staff is expected to continue working through a shutdown outside of filing season, according to the agency’s plan, which means certain functions such as answering taxpayer questions would be curtailed.

“The processing of returns and customer service — most of those employees have been furloughed,” said Nicole Kaeding, director of federal projects at the Tax Foundation.

“How will they bring those employees back, and will they be compensated while they’re working?” she asked. “Those are some large questions that haven’t been answered, even though they said refunds would be processed.”

That makes this a stressful time for accountants — and their clients. “The October 2013 shutdown caused a lot of angst for practitioners,” said Edward Karl, vice president of taxation at the American Institute of CPAs.

“If there were some issue and you needed to contact the IRS, you couldn’t get them,” Karl said. “There were many folks concerned about that.”

Meanwhile, House Ways and Means Committee staff told The New York Times on Monday that they were struggling to get clarity from administration officials, many of whom are out on furlough.

“We keep trying to call people at IRS and Treasury,” said Daniel Rubin, a spokesman for the Ways and Means Committee, “and there’s no one there.”


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: darla mercado
Keywords: news, cnbc, companies, means, despite, federal, jan, trump, season, shutdown, irs, 28, tax, refunds, workers, ways, filing, confirms, start, working


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White House promises tax refunds will go out, but there’s hardly anyone at the IRS to do the work

A Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down. Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters about the development in a briefing. “Tax refunds will go out,” Vought said. “If there were some issue and you needed to contact the IRS, you couldn’t get them,” Karl said. “We keep trying to call people at IRS and Treasury,” said Daniel Rubin, a


A Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down. Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters about the development in a briefing. “Tax refunds will go out,” Vought said. “If there were some issue and you needed to contact the IRS, you couldn’t get them,” Karl said. “We keep trying to call people at IRS and Treasury,” said Daniel Rubin, a
White House promises tax refunds will go out, but there’s hardly anyone at the IRS to do the work Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-07  Authors: darla mercado
Keywords: news, cnbc, companies, federal, tax, theres, shutdown, vought, refunds, irs, house, working, white, means, hardly, promises, ways, trump, work


White House promises tax refunds will go out, but there's hardly anyone at the IRS to do the work

A Trump administration official said Monday that federal income tax refunds would indeed go out despite a large part of the government being shut down.

Russell T. Vought, acting director of the White House Office of Management and Budget, told reporters about the development in a briefing.

“Tax refunds will go out,” Vought said.

There have been growing concerns that tax refunds might be delayed as 800,000 federal workers are either furloughed or working without pay as President Donald Trump and Congress are mired in a standoff over funding for a southern border wall.

Only about 12 percent of IRS staff is expected to continue working through a shutdown, according to the agency’s plan, which means certain functions such as answering taxpayer questions would be curtailed. The IRS is still working on contingencies if the shutdown continues.

“The processing of returns and customer service — most of those employees have been furloughed,” said Nicole Kaeding, director of federal projects at the Tax Foundation.

“How will they bring those employees back, and will they be compensated while they’re working?” she asked. “Those are some large questions that haven’t been answered, even though they said refunds would be processed.”

That makes this a stressful time for accountants — and their clients. “The October 2013 shutdown caused a lot of angst for practitioners,” said Edward Karl, vice president of taxation at the American Institute of CPAs.

“If there were some issue and you needed to contact the IRS, you couldn’t get them,” Karl said. “There were many folks concerned about that.”

Meanwhile, House Ways and Means Committee staff told The New York Times on Monday that they were struggling to get clarity from administration officials, many of whom are out on furlough.

“We keep trying to call people at IRS and Treasury,” said Daniel Rubin, a spokesman for the Ways and Means Committee, “and there’s no one there.”


Company: cnbc, Activity: cnbc, Date: 2019-01-07  Authors: darla mercado
Keywords: news, cnbc, companies, federal, tax, theres, shutdown, vought, refunds, irs, house, working, white, means, hardly, promises, ways, trump, work


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Trump drums up support for border wall with Tweet storms

Since first threatening a government shutdown last month in his battle with Congress over border wall funding, President Donald Trump has leaned heavily on Twitter to rally support among his followers. The possible concession, which comes days after Trump had floated a barrier of steel rather than a concrete wall, came even as a White House official warned that the shutdown, could “drag on a lot longer.” The House, now led by Democrats, passed legislation Thursday night to fund the agencies that


Since first threatening a government shutdown last month in his battle with Congress over border wall funding, President Donald Trump has leaned heavily on Twitter to rally support among his followers. The possible concession, which comes days after Trump had floated a barrier of steel rather than a concrete wall, came even as a White House official warned that the shutdown, could “drag on a lot longer.” The House, now led by Democrats, passed legislation Thursday night to fund the agencies that
Trump drums up support for border wall with Tweet storms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-06  Authors: john w schoen, carlos barria
Keywords: news, cnbc, companies, border, house, barrier, shutdown, white, support, storms, standoff, working, drums, wall, trump


Trump drums up support for border wall with Tweet storms

Since first threatening a government shutdown last month in his battle with Congress over border wall funding, President Donald Trump has leaned heavily on Twitter to rally support among his followers.

So far, the strategy seems to be working. That, however, doesn’t bode well for a quick resolution to the standoff.

With a partial government shutdown now in its third week, the White House signaled on Sunday that talks to reopen the federal government could produce a deal that sees Trump moving away from his demand that a proposed barrier along the U.S. border with Mexico be a concrete wall.

The possible concession, which comes days after Trump had floated a barrier of steel rather than a concrete wall, came even as a White House official warned that the shutdown, could “drag on a lot longer.” The pledge to build a barrier has made the president a captive of a central campaign promise, which on Saturday The New York Times reported began in 2014 as a memory trick to help Trump remember his hard-line on immigration.

Speaking to reporters outside the White House on Sunday, Trump repeated his threat that if he is unhappy with negotiations in a few days, he could declare a national emergency and use the military to construct a wall, circumventing Congress.

The standoff has left about 800,000 federal employees are furloughed or working without pay. The House, now led by Democrats, passed legislation Thursday night to fund the agencies that have been caught in the border wall crossfire. But could still veto the measure even if the Senate acts to approve it.

Trump said on Sunday that he should not have to lower his demand for $5.6 billion in border security funding.

As the standoff drags on, Trump has tried to take maximum advantage of the political upheaval to rally support from his followers for his signature 2016 campaign issue. Based on a CNBC review of his wall-related tweets, the effort is paying off.


Company: cnbc, Activity: cnbc, Date: 2019-01-06  Authors: john w schoen, carlos barria
Keywords: news, cnbc, companies, border, house, barrier, shutdown, white, support, storms, standoff, working, drums, wall, trump


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5 tips for making a difficult workplace culture work for you

Being at odds with a new office culture may not only be uncomfortable, but it could also be a deal breaker for many people. That’s according to a survey from Deloitte, which found that, along with good pay, a positive culture ranks as the most important workplace consideration for millennial and Gen Z employees. That can raise issues for those who find themselves out of place in a new working environment. So, just what can you do to make the best of a difficult workplace culture? CNBC Make It ga


Being at odds with a new office culture may not only be uncomfortable, but it could also be a deal breaker for many people. That’s according to a survey from Deloitte, which found that, along with good pay, a positive culture ranks as the most important workplace consideration for millennial and Gen Z employees. That can raise issues for those who find themselves out of place in a new working environment. So, just what can you do to make the best of a difficult workplace culture? CNBC Make It ga
5 tips for making a difficult workplace culture work for you Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: harini v, peopleimages, getty images, paul drinkwater, nbcuniversal
Keywords: news, cnbc, companies, difficult, values, workplace, view, young, millennial, best, survey, tips, culture, making, working, work


5 tips for making a difficult workplace culture work for you

Being at odds with a new office culture may not only be uncomfortable, but it could also be a deal breaker for many people.

That’s according to a survey from Deloitte, which found that, along with good pay, a positive culture ranks as the most important workplace consideration for millennial and Gen Z employees.

The report, published last year, noted that young professionals today typically view inclusive workplace cultures as critical, with many saying they’d choose a company based on whether or not its values align with their own. As a result, the survey said, “companies and senior management teams that are most aligned with millennials” are likely to “attract and retain the best millennial talent and, in turn, potentially achieve better financial performance.”

That can raise issues for those who find themselves out of place in a new working environment. So, just what can you do to make the best of a difficult workplace culture? CNBC Make It gathered tips from experts to find out.


Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: harini v, peopleimages, getty images, paul drinkwater, nbcuniversal
Keywords: news, cnbc, companies, difficult, values, workplace, view, young, millennial, best, survey, tips, culture, making, working, work


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MoviePass product manager quits in company-wide email, describes a ‘perilous work environment’

He continued, “It sends an incredibly selfish message to MoviePass employees that members of management are living lavishly and seemingly carefree, with no concern for the company or its employees.” The now former employee also stressed the importance of reinstating a “functional and qualified HR department” at the company. “When leadership decided to fire our only qualified HR employees, they sent a very clear message that they care very little about employee safety and security. There currentl


He continued, “It sends an incredibly selfish message to MoviePass employees that members of management are living lavishly and seemingly carefree, with no concern for the company or its employees.” The now former employee also stressed the importance of reinstating a “functional and qualified HR department” at the company. “When leadership decided to fire our only qualified HR employees, they sent a very clear message that they care very little about employee safety and security. There currentl
MoviePass product manager quits in company-wide email, describes a ‘perilous work environment’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: abigail hess, mike segar, reuters pictures, dave kotinsky getty images
Keywords: news, cnbc, companies, email, companywide, company, qualified, environment, safety, working, quits, product, moviepass, employees, message, leadership, incredibly, perilous, manager, wrote, describes, work


MoviePass product manager quits in company-wide email, describes a 'perilous work environment'

“Leadership chose their own personal friendships over the reputation of the company and the safety of MoviePass employees who have been working so hard to improve the position of our company every single day,” wrote Jeng.

In the letter, he also referenced an image posted on Instagram that shows Ellis and several MoviePass and Helios executives lounging on a yacht in Miami together during an event that Khalid Itum, EVP of MoviePass, allegedly described as a “business” event.

Jeng said that the post “was not only completely thoughtless, but also incredibly tone deaf. Our employees are working late hours, sometimes until 1 a.m. and on holidays to build, develop and release new MoviePass features and products, while fearful of the financial future and stability of the company.”

He continued, “It sends an incredibly selfish message to MoviePass employees that members of management are living lavishly and seemingly carefree, with no concern for the company or its employees.”

The now former employee also stressed the importance of reinstating a “functional and qualified HR department” at the company.

“When leadership decided to fire our only qualified HR employees, they sent a very clear message that they care very little about employee safety and security. There currently is no effective outlet for employees to discuss issues about their comfort and safety in the workplace,” he wrote. “It is clear to me that our work environment has become simply too dangerous and toxic, and that we as employees cannot depend on Ted, Mitch and Khalid.”

CNBC Make It reached out to Jeng and MoviePass for comment but did not immediately receive a response.

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Company: cnbc, Activity: cnbc, Date: 2019-01-04  Authors: abigail hess, mike segar, reuters pictures, dave kotinsky getty images
Keywords: news, cnbc, companies, email, companywide, company, qualified, environment, safety, working, quits, product, moviepass, employees, message, leadership, incredibly, perilous, manager, wrote, describes, work


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