FEI Weekly

August 11, 2020

4 ways to increase your profile's ranking on LinkedIn and McDonald's suing ex-CEO for exit package.

Americans are Saving at a Record Rate

USA Today

Americans have been saving lots of money during the COVID-19 crisis. The savings rate – the portion of monthly income that households are socking away – hit a record 33.5% in April before edging down to a still outsized 19% in June, Commerce Department figures show. Before the pandemic, Americans were squirreling away an average 7.5% of income.

McDonald's Suing Ex-CEO for Exit Package

CNN Business

Ousted McDonald's CEO Steve Easterbrook lied to the board about the extent of his relationships with employees, the company alleged in a new lawsuit. He misled investigators about engaging in physical sexual relationships with three employees in the year before his ouster. Now, McDonald's is suing Easterbrook for the amount of his exit package: about $40 million.

Why White Men Don't Get Involved in D&I

Quartz

A new report shows that the number one reason why white, straight, cisgender men with white-collar jobs in the US don't get involved in  Diversity, Equity, and Inclusion (DEI) initiatives is they claim to be "too busy.” It’s “still seen as kind of extracurricular,” says Julia Taylor Kennedy, the lead researcher on the project and executive vice president at the Center for Talent Innovation. “It hasn’t been positioned as a core competency to driving business or individual leaders’ careers forward.”

House Won't Hold Votes Until Sept. 14

Axios

House Majority Leader Steny Hoyer announced Monday that the House will not hold any floor votes until Sept. 14, though members will remain on 24-hour notice to return to Washington in case a deal on coronavirus stimulus is reached. Democrats and the Trump administration remain deadlocked and have not met since negotiations broke down without a deal on Friday.

4 Ways to Increase Your Profile's Ranking on LinkedIn

Forbes

Despite what you may think, the volume of responses to job listings has remained relatively steady compared to pre-pandemic numbers. But these days, when a job gets advertised, companies are seeing a higher percentage of qualified applicants. It’s critical to increase your profile’s ranking on LinkedIn so you’re more visible to recruiters. Offer to write recommendations, expand your network, consider short-term gig work, and be active on the site.