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Wells Fargo ends forced arbitration for sexual harassment claims

The San Francisco-based bank made the decision following a shareholder proposal from Clean Yield Asset Management which has since been withdrawn, asking for a public analysis of mandatory arbitration’s impact on sexual assault claims within the company. “Wells Fargo has zero tolerance for sexual harassment,” David Galloreese, head of human resources at Wells Fargo, wrote in an article posted on the company’s internal and external websites. Wells Fargo requires most employees to sign arbitration agreements when they are hired to that require them to settle workplace disputes privately, not in court. …read more […]

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Business News

Fed’s Powell reinforces regulation and defends repo support in letter to Congress

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal Reserve Chair Jerome Powell said this week in a letter to a top Senate Democrat.

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Mastercard CEO: ‘The way to unite people on diversity is not to define it in your lens, but in the concept of surrounding yourself with people who are different than you’

Mastercard CEO Ajay Banga discusses the new trends in business and what employers should be doing to help diversify the workplace moving into a new decade. …read more […]

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Investors on Watch for Heliogen Stock: Bill Gates-Backed Startup Fights Big Pollution with Solar Energy

You cannot invest in Heliogen stock today, but this is a solar energy startup that all investors should keep their eyes on. After their most recent breakthrough, replacing fossil fuels seems more possible than ever before.
The company gained notoriety for its high-profile backers. Investors include Microsoft’s Bill Gates and Los Angeles Times owner Patrick Soon-Shiong.

Is Heliogen Stock Worth the Wait?
Heliogen is currently in the Pre-IPO stage. However, it’s already taking strides towards an IPO.
At its original founding in 2013, Heliogen mainly began working in secrecy. It wasn’t until November of 2019 that the company decided to come out of the …read more […]