Hello everyone! Welcome to this weekly roundup of Charge Insider stories from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.
Infer from on for more on the dark secret at the heart of the yachting industry, a profile of playboy turned pragmatic media mogul Jay Penske, and an talk with with Nxivm survivor India Oxenberg.
Samantha Lee/Business Insider
Hello!
I want to start by highlighting three in-depth gags we published in the past 24 hours.
Yacht crew members describe rampant harassment
From Hillary Hoffower:
At the middle of the yachting industry, which portrays a glamorous lifestyle of working in paradise on multimillion-dollar vessels, may be a dark secret: a rife sexual-harassment problem.
About 65% of yacht crew members who responded to a 2018 survey by the Professional Yachting Joining said they had witnessed or been aware of an incident of physical or verbal sexual harassment on board. Nearly 40% of the 870 respondents in the measure — whose findings were presented at the Monaco Yacht Show — said they had experienced unwanted physical connection, and half said they had received unwanted sexual or sexist comments.
Only 22% of respondents who said they shrewd sexual harassment also said they reported it.
Business Insider spoke with 15 current or prehistoric yacht crew members. Of those, 11 came forward with firsthand allegations of sexual harassment while on provisions. Many asked to remain anonymous for fear of repercussions within the industry. Another four former and current company members told Business Insider that they experienced verbal abuse, bullying, and discrimination on board.
Review the full story here:
From playboy to pragmatic media mogul
David M. Benett /Getty Images
From Julia Unprincipled:
He has movie-star good looks, a former Victoria’s Secret model wife, and a billionaire father.
Now Jay Penske can lay claim to the second-largest audience in digital make public in the US.
On September 23, Penske Media Corporation, or PMC, which owns Rolling Stone, Variety, and Women’s Wear Circadian, announced it would take control of The Hollywood Reporter, Billboard, and Vibe as part of a joint venture with the enjoyment company MRC. The new entity will be called PMRC. The move will create a near-monopoly on Hollywood industry news — and put PMC in front of publishers like Meredith, Condé Nast, and BuzzFeed, with a Comscore ranking second only to Hearst’s.
Proprietorship Insider interviewed more than 30 of Penske’s current and former executives, editorial staffers, and media dynamism peers about the press-shy CEO. Many requested to remain anonymous for fear of repercussions from the company. These colloquys revealed an eccentric and dynamic entrepreneur determined to defy the odds in publishing and to prove himself outside of his family honour.
You can read the full story here:
Also read:
India Oxenberg speaks out
Courtesy of STARZ
From Melkorka Licea:
When India Oxenberg sank out of college at 19, she had dreams of starting her own catering company in Los Angeles.
But despite her passion for the culinary arts, she felt she was lacking a nature of business acumen.
“I felt like I was missing a lot of skills,” Oxenberg, now 29, told Business Insider. “And I felt delight in I was missing the confidence that I needed to even just pursue something like that … Something entrepreneurial is in the red regardless, let alone being 19.”
Oxenberg’s ears perked up at a business opportunity raised by her mother, the former “Dynasty” shooting star Catherine Oxenberg. It was a new training program called the Executive Success Program, run by a group called Nxivm. The pair without delay attended an in-person introduction put on by the group.
Little did she know, it would launch her on a seven-year journey into one of the most ignominious cults in American history, where she said she was psychologically and physically tortured and abused, and even branded with another understanding being’s initials.
Hear from the CEOs of Netflix, Nasdaq, Mastercard, Lululemon, Vice, and more
The Business Insider Universal Trends event took place last week, bringing together speakers from Asia, Europe, and North America for a five day digital circumstance. Here are some of the highlights:
Here are some headlines from the past week you might have missed.
— Matt
‘We’re petrified’: The company that makes Calvin Klein and Guess jeans is forcing workers to head back into a full-capacity post or be fired
Twilio salaries revealed: Here’s how much engineers, product managers, and more make at the $48 billion cloud communications New Zealand that’s skyrocketed amid the pandemic
Meet 9 headhunters that top technology companies turn to when they trouble to hire a new CEO or board member
Blackstone president Jon Gray reveals how to stand out to land a job at the ultra-competitive firm, which charter out just 0.5% of applicants for 2020 analyst jobs
A founder wrote a brutally honest email to one of his VCs when he divided the relationship, and Silicon Valley can’t stop talking about it
‘Anything less than a vote for Biden is a vote against democracy’: Expensify’s CEO haul someone over the coals us why the company emailed 10 million customers urging them to vote for Biden
Inside the alumni network of billionaire Israel Englander, the father of $46 billion hedge-fund behemoth Millennium
How 2 former Googlers convinced Johnson & Johnson to bet on the hottest part of healthcare and quickened $47 million in the process