Wednesday Reads - 3/4/2020
Every Wednesday Propel shares some of our favorite reads from the week.
1. Watch CNBC’s full interview with Berkshire Hathaway CEO Warren Buffett.
Berkshire Hathaway’s chairman and CEO Warren Buffett sat down with CNBC’s Becky Quick on Monday to answer viewer questions and discuss the top news stories of the morning.
2. Here’s how long stock market corrections last and how bad they can get.
The most recent corrections occurred from September 2018 to December 2018. The S&P 500 bounced into and out of correction territory throughout the autumn of 2018.
3. The boss who put everyone on 70K.
In 2015, the boss of a card payments company in Seattle introduced a $70,000 minimum salary for all of his 120 staff - and personally took a pay cut of $1m. Five years later he's still on the minimum salary, and says the gamble has paid off.
4. SEC Hits Wells Fargo With $35 Million Penalty Tied to Inverse ETF.
The commission said Wells Fargo failed to properly train and oversee brokers and advisors who didn't understand the ETF was not designed for long-term buy-and-hold investors.
5. What’s Really Holding Women Back?
As scholars of gender inequality in the workplace, we are routinely asked by companies to investigate why they are having trouble retaining women and promoting them to senior ranks. It’s a pervasive problem. Women made remarkable progress accessing positions of power and authority in the 1970s and 1980s, but that progress slowed considerably in the 1990s and has stalled completely in this century.