Five Things You Should Read

November 9, 2017

AT&T says it will not sell CNN despite pressure, and what makes a company vulnerable to a takeover.

AT&T Told to Sell CNN by U.S. Regulators

Reuters

The U.S. Department of Justice is pushing AT&T Inc to sell Turner Broadcasting, parent of CNN cable network, or its DirecTV satellite television unit to satisfy antitrust concerns over its purchase of Time Warner Inc. AT&T CEO says they never offered to sell CNN and has no intention of doing so as part of Time Warner deal.

Deutsche Bank CEO Thinks Robots Will Replace A Ton of Its Workers

Quartz

By next year, around 75% of financial firms will either explore or implement artificial intelligence technologies. The study also predicts that 15% of the industry’s jobs are at risk. Deutsche Bank CEO John Cryan has already cut thousands of jobs as part of a five-year restructuring plan and recently noted that Deutsche Bank’s main rivals have about half that number on their payroll.

Attracting & Retaining Talent Top Concern for CFOs

CFO

The third-quarter results of the Duke University/CFO Magazine Global Business Outlook Survey revealed that U.S. CFOs ranked “attracting and retaining qualified employees” as their top concern. At the center of the issue is twofold: changes in aptitude and a shortage of qualified workers.

What Makes a Company Vulnerable to a Takeover Bid?

New York Times - Paywall

Qualcomm, once powerful and profitable, has quickly become vulnerable to a $105 billion takeover bid from Broadcom. Changes in the cellphone industry and a bitter conflict with Apple are among the challenges the company faces from customers and antitrust watchdogs.

Unsupportive Bosses Create Unsatisfied Employees

Ladders

When there’s a lack of managerial support, employees notice and are less likely to stick around. A new survey found that a manager’s support can make or break an employee’s experience at a job. Not sure if you're a supportive boss? Providing career development opportunities was the biggest indicator that a boss is supportive.