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Work & Careers round-up by Wai Kwen Chan
Andrew Hill is away. In the meantime, here is a summary of the latest stories from Work and Careers:
There are plenty of books on how to be a brilliant leader. But why don't we see books on how to be a great subordinate? Isabel Berwick offers tips on how to excel as a non-leader.
Fernando Musa, CEO of Braskem the Brazilian petrochemical company, features in our weekly series How to Lead. He talks about his experiences on cleaning up after a crisis after the company's participation in the country’s political bribery scandal — known as Lava Jato (Car Wash).
Every week a business school professor or academic recommends useful FT articles.
Staff stock option hurdles hamper European start-ups Using equity stakes in employee compensation is a standard strategy in new economy andtechnology employers. Accumulated evidence demonstrates the significant potential for equity compensation, typically stock options, for aligning interests of employees to their employers. Equity compensation has a positive impact upon talent attraction, retention and motivation.
This article highlights significant national differences in ‘share of shares’ going to employees versus executives. The UK has seen a growth in equity compensation even while in the US there has been a significant downward trend. How will these national differences affect the search for talent in the tech sector?
Immigrant entrepreneurs in the US wait for Trump’s next move This article highlights a significant statistic: over a quarter of US entrepreneurs are immigrants. The rate of entrepreneurship among immigrants in the US is twice that of US-born citizens.
In part, this may reflect necessity for some immigrants with limited alternative options. However, in a country that is home to the world’s strongest entrepreneurial culture, with the most vibrant venture capital sector, and start-up hubs like Silicon Valley, it is a draw for aspiring tech entrepreneurs from abroad.
There is a status called the International Entrepreneurs Rule which may help maintain a flow of entrepreneurial talent to the US despite an “unwelcoming” rhetoric about immigrants from the current administration.
Jonathan Moules's business school news
It is a busy time for both MBA recruiters and admissions teams at the moment with several large employers sending out summer internship offers to current cohorts of students and many schools launch their second rounds of interviews for next year’s intake on their full-time degree courses.
Big Three consultancy Bain & Company is among the most sought after providers of both internships and jobs for MBA students, so I interviewed its global head of consultant recruitment Keith Bevans to get an idea about his busy schedule and new techniques for reaching the best candidates.
For those preparing for business school interviews, there is a range of advice available from admissions consultants, such as Stacy Blackman in the US, as well as the schools themselves. For those looking for a single guide, US-based website Poets and Quants has prepared a potted summary of the questions top American schools tend to ask.
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Edited by Wai Kwen Chan — firstname.lastname@example.org
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