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The SPAC from former Y Combinator president Sam Altman is trying to raise $400 million, instead of its initial $1 billion target. It’s another sign that SPAC rage is cooling.

Summary List Placement Sam Altman’s SPAC is shrinking its fundraising goal less than two months after its launch. A revised SEC filing from AltC Acquisition Corp., the special purpose acquisition company sponsored by Altman, the former Y Combinator president, and Michael Klein, the former Citigroup executive, showed that the SPAC is now seeking to raise […]

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Josh Hawley’s former academic mentor says he blames himself for helping the senator rise to power

Summary List Placement Stanford University professor David Kennedy, who mentored a college-aged Sen. Josh Hawley, told The Washington Post that he blames himself for helping his former student and boosting his political career.  “I think he is a thoughtful, deeply analytical person,” Kennedy told The Post. “What I understand far less well is his particular […]

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I flew America’s leading mid-tier airlines, JetBlue and Alaska, and saw some of the best options for pandemic flying (JBLU, ALK)

Summary List PlacementJetBlue Airways and Alaska Airlines are mid-tier US carriers, sandwiched between the big four — American Airlines, Delta Air Lines, United Airlines, and Southwest Airlines — and the ultra-low-cost carriers. JetBlue primarily serves the East Coast, with its main hub in New York, while Alaska serves the West Coast with its main hub […]

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Coinbase is no longer allowing new hires to negotiate their salaries: ‘We are OK if we lose some candidates due to this decision’

Summary List Placement Coinbase, the biggest US bitcoin exchange, continued its shakeup of Silicon Valley norms this week after last week’s announcement that it is done with centralized offices. Next on the chopping block: compensation negotiations for new hires. “We are officially eliminating negotiations on salary and equity from our recruiting process,” Coinbase Chief People […]

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A debt-free couple with 14 kids wrote a book with practical advice for anyone who wants to get better with money

 Summary List Placement Sam and Rob Fatzinger are a lot like the average American couple. In their new book, “A Catholic Guide to Spending Less and Living More,” Sam, 53, describes herself as the extroverted homemaker and her husband Rob, 55, as the introverted breadwinner. by Sam and Rob Fitzinger (small) Over their 30-plus-year marriage, […]

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XPO shareholders, urged on by Teamsters, just voted to reject CEO Brad Jacobs’ $80 million bonus and a compensation package that goes far beyond UPS and FedEx’s CEOs — here’s how he stacks up against the rest of his peers.

Summary List Placement XPO logistics shareholders voted Tuesday to reject the compensation package for CEO Brad Jacobs as laid out by the company.  Jacobs, who has been CEO of XPO for nearly 10 years, is set to make $80 million in long-term incentives on top of his base compensation, which is the primary objection of […]