StatusWire — Clear Updates for Your U.S. Journey

U.S. Polo Assn. CEO was told he wasn’t right for a promotion—so he ‘outworked’ anyone else who wanted the job for 6 months straight

Fortune – Tech

fortune.com

2h ago

U.S. Polo Assn. CEO was told he wasn’t right for a promotion—so he ‘outworked’ anyone else who wanted the job for 6 months straight

Summary

Today, he hosts polo events with Prince William and runs a $2.7 billion empire—but J. Michael Prince’s first taste of leadership was a complete accident. Not only that, he was almost passed over entirely. When the CFO role opened up at Converse in 2005—then freshly acquired by Nike—Prince had been on the payroll for barely half a year. The company made it plain he wasn’t in the running; he was simply there to keep the seat warm while they headhunted. And he did it from southeastern Oklahoma, one of the poorest corners of America, with a degree from a small regional university most hiring managers had never heard of. By the time he announced his retirement earlier this year, he was earning a $26.3 million salary. And it was all thanks to volunteering to cover his boss. “One of the reasons that I got the opportunities that I got was that I would raise my hand when my boss was out of town, and he or she was visiting stores or something,” McMillon once recalled in an interview with Stratechery. He’d offer to step in for his boss in meetings and would put himself in leadership positions so consistently that he eventually became, in his own words, “a low-risk promotion”—because people had already seen him do the job. But even when he was eyeing up a promotion, he kept his head down and made sure to prove himself in the role he was in. “The next job doesn’t come if you don’t do the one you’ve got well,” McMillon added.

From the source

Today, he hosts polo events with Prince William and runs a $2.7 billion empire—but J. Michael Prince’s first taste of leadership was a complete accident. Not only that, he was almost passed over entirely. When the CFO role opened up at Converse in 2005—then freshly acquired by Nike—Prince had been on the payroll for barely half a year. The company made it plain he wasn’t in the running; he was simply there to keep the seat warm while they headhunted. But instead of feeling rejected, the now-CEO of US Polo Assn. treated it as a deadline to prove them wrong. “They literally told me, ‘You’re not our person, you’ve been at Nike for six months… you’re not really one of us, and we’re going to pull someone from the inside that’s been with us for a long time,’” Prince exclusively told Fortune . “You’re not going to get the opportunity, but we need you just to kind of keep the ship going until we figure out who’s going to be in that position,” he added. “And I thought, I’ve got six months to pr

Read the full article

Published by Fortune – Tech on fortune.com

Open on fortune.com ↗

VB-GRAM G workers to get a minimum of ₹300 per day as wage rates notified by Centre

Subscribed with another email? Representational file image. | Photo Credit: ARUN KULKARNI The Union government has fixed a floor wage of ₹300 per day under the Viksit Bharat-Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-GRAM G) Act, 2025, which came into effect on Tuesday, replacing the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), 2005. Other northern and northeastern States which saw wage hikes above 15% to reach the ₹300 level include Arunachal Pradesh, Nagaland, Himachal Pradesh, Uttarakhand, Jharkhand, Assam, Tripura, Sikkim, and West Bengal. Barring the special rate of ₹450 applicable to certain gram panchayats in Sikkim, Haryana continues to have the highest wage rate at ₹409, but recorded one of the lowest increases of just 2.25%. Haryana (₹409), Goa (₹406) and Kerala (₹401) are the only States with wage rates above ₹400. Congress general secretary and former Rural Development Minister Jairam Ramesh criticised the notification, saying the wages remain “unjustifiably low”. He reiterated the Congress’s demand, made during the 2024 Lok Sabha campaign under its Shramik Nyay programme, for a national daily minimum wage of ₹400 for all workers in Indias, including MGNREGA workers. “The Expert Committee headed by Dr. Anoop Satpathy, set up by the Modi government, had also recommended a national minimum wage floor of ₹375 per day in 2019,” he said. Ramesh noted that the Parliamentary Standing Committee on Rural Development, chaired by Congress MP Saptagiri Ulaka, had also consistently recommended higher wages for MGNREGA workers. Given the “widespread minimum wage protests in industrial hubs like Noida, and at a time when the stagnation of rural wages is widely recognised as a key constraint on our economic growth”, the notification was both a “snub to India’s workers and an unwise economic policy,” he said. “A just minimum wage for India’s workers would adopt Dr.

Jobs & Hiring3h ago

Rapid demand for AI datacentres in Australia could stoke inflation, experts warn – and crowd out land for housing

Calls are growing for new datacentre approvals to be halted until stronger protections are considered Get our breaking news email , free app or daily news podcast T ransport for NSW and the Reserve Bank have warned datacentres could take scarce land from logistics firms and housing developments, pushing up prices and overheating the economy, as calls grow for a national pause on the booming sector. The rapid growth of datacentres has raised concerns for the transport and logistics sector, with Transport for NSW telling the state parliament inquiry on datacentres there was already significant pressure on the availability of industrial land and infrastructure. The transport department agency said in a submission that freight and logistics companies depended on industrial land near markets and transport. “The shortage of land is causing major freight and logistics operators to leave Sydney . They are relocating their main centres to Brisbane or Melbourne where suitable land is available and less expensive,” it said. Transport for NSW acknowledged the industrial land vacancy rate had improved nationally and in Sydney in the past few years, but it was still “well behind international rates and below the ideal market level”. “The increasing demand on freight, from both increasing population and changing consumer patterns, will continue to drive the need for more industrial land for high volume logistics handling, and localised distribution centres across Sydney,” a spokesperson said. Transport for NSW warned that fragmentation of freight activities due to competing land uses could result in increased costs for business and higher prices for consumers, and said government needed coordinated policy to manage land use strategically. Commercial and industrial building approval values hit a record high in May because of new datacentre projects, the Australian Bureau of Statistics reported on Wednesday. The board discussed the risk the buildout could make skills shortages worse – construction costs were already high and workers in short supply before datacentre builds began hiring. Three communities in NSW, Victoria and Western Australia that Guardian Australia has previously reported on have allied to call on state and federal governments to halt approval of new datacentre developments until stronger protections for communities, cultural heritage and the environment are considered. The federal Labor backbencher Ed Husic also raised concerns about datacentres taking up land that might otherwise be used for housing. “There’s been a bit of a frenzy going on with datacentre builds … Land gets snapped up that should have been set aside for houses, and we’ve already got 90,000 workers short in construction,” he told Sky News on Tuesday. “So if we are having a situation where datacentres are now taking up land for homes, we’ve got to pump the brakes on this.” The assistant minister for the digital economy, Andrew Charlton, said the government’s top priority was building new homes. “States and councils need to prioritise housing in their local planning decisions,” he said. “The collective task of policymakers is to ensure investment in datacentres work in the interests of Australians, not the other way around.” Dennett said communities deserved a genuine say in what got built around them but a moratorium was the wrong tool. “Datacentres in Australia are already assessed through rigorous, independent planning that requires environmental assessment, community consultation, cultural heritage protection and binding conditions of approval, and they can only be built on industrial and employment land,” she said. “A blanket pause would freeze the whole industry to legislate safeguards that for the most part already exist, while sending the investment, the jobs and the local infrastructure these projects bring to other countries.”

theguardian.com Read ↗

CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut

As AI automates routine tasks and redefines entire roles , the tools are creating a new workplace survival test—one where workers must evolve, or risk being left in the dust. Hiring has screeched to a halt as companies slash thousands of staffers in the name of AI—and tech-savvy talent will have the best shot at career success. And some businesses have pushed ahead with big workforce cuts; Brian Armstrong ’s Coinbase , Jack Dorsey ’s Block , and Matthew Prince’s Cloudflare have all issued sweeping layoffs connected to AI. “Now, you’ve seen people like Brian Armstrong and Jack Dorsey go out and say, ‘I’m going to decimate my organization, and I’m going to start building from scratch,’” the Palo Alto CEO said. “They’ve gone to some version of 30% [to] 40% less people, because they’ve figured out there’s no redemption. ‘I can’t train these people, I’m going to just find the people who are going to come in and help me do this stuff.’” The other way employers are broaching the issue is by gradually rebuilding their teams with AI-fluent workers. In leading Palo Alto into the next era, Arora says he’s hiring “only through” hackathons to bolster tech skills among his 21,000-strong workforce. In his eyes, everyone’s role could be impacted by the new tech—even admitting that his own CEO job is “one of the easier things” that AI could take over one day. And he echoes Pichai in also believing that his coveted, top job isn’t even safe from the AI shift. Heck, it’s coming for my job, too. This is a wake-up call,” Kaufman warned in an interview with Fortune earlier this year. If you’re not practicing, don’t preach…You can’t make AI a value on the wall and then not behave by it.” And while Nvidia billionaire Jensen Huang doesn’t personally believe that AI can replace his role, he does recognize that competition comes with tech-savvy talent . Instead of fretting over a chatbot or robot stepping on their toes, workers should be wary of their “toxenmaxxing” coworkers going full steam ahead. “It is unlikely most people will lose a job to AI,” Huang said during an interview at the Stanford Graduate School of Business earlier this year. “It is most likely that most people will lose their job to somebody who uses AI.

U.S. Polo Assn. CEO was told he wasn’t right for a promotion—so he ‘outworked’ anyone else who wanted the job for 6 months straight

From the source

More in Jobs & Hiring

VB-GRAM G workers to get a minimum of ₹300 per day as wage rates notified by Centre

Rapid demand for AI datacentres in Australia could stoke inflation, experts warn – and crowd out land for housing

CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut