Job Search Tips: Leading business news: Facebook, Silver Lake, BTIG, Tesla

Hello everyone! Welcome to this weekly roundup of Business Insider stories from managing editor Matt Turner. Please subscribe here to get this newsletter in your inbox every Sunday.

facebook ceo mark zuckerberg — Facebook Chairman and CEO Mark Zuckerberg.

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The boycott has actually sent out Facebook officers rushing, with the social media giant’s leading advertisement exec on Friday sending a memo to marketers assuring an external audit of its security tools and practices

The boycott is another example of the increased willingness of big brand names to take a stand, as they react to press from their own employees and customers. From their story:

Many of Facebook’s marketing comes from small companies that can’t pay for to turn off the channel.

In addition, as Tanya, Lauren, and Lucia report, a lot of marketers spend less in the summer season and in an election year anyway because sales are sluggish and there’s so much noise to break through. You can read their story here:

Facebook and advertisers are locked in an image war, and advertisers are winning

What do you believe? Email me at mturner@businessinsider.com

Read on for more on a tech dealmaker who’s drawing contrasts to Warren Buffett, a toxic culture at a Wall Street company, and Tesla’s battery challenges.

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Andrew Yates/Reuters; Oli Scarff/AFP through Getty Images; Samantha Lee/Business Expert.

Tech’s leading dealmaker

Dakin Campbell and Casey Sullivan this week published a profile of Egon Durban, the co-CEO of private equity company Silver Lake Partners who’s a newly-minted billionaire drawing comparisons to Warren Buffett. The lead provocateur, Elliott Management’s Jesse Cohn, settled his campaign.

They explained how among the most prolific private-equity executives climbed the ladder in a company, promoted more control, and after that proceeded to put his mark on the firm.

You can check out the story in full here:

40 insiders reveal the meteoric rise of Silver Lake’s Egon Durban, the tech-focused PE company’s No. 1 dealmaker who strong-armed his method to the top and is about to get $18 billion more to invest

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A toxic celebration culture

Nicole Einbinder and Rebecca Ungarino reported this week that former employees say BTIG, a Wall Street firm backed by Goldman Sachs and Blackstone, had a toxic party culture From their story:

Interviews with more than half a lots former BTIG workers, and an evaluation of court records and Equal Employment Opportunity Commission files, reveal allegations of a boys’- club culture, excessive drinking at company events, and sexual small talk at least into 2019.

An investigator with the EEOC contacted at least two previous BTIG workers within the past 18 months looking for details about allegations of sexual harassment at the firm.

You can check out the story in complete here:

Previous employees say BTIG, a Wall Street firm backed by Goldman Sachs and Blackstone, had a poisonous celebration culture that was stuck in the ’80 s

Tesla’s battery challenges

From Linette Lopez:

Tesla understood its Design S automobiles were equipped with a battery-cooling system that had a problematic design in June 2012, as those cars began being delivered to consumers, according to three people familiar with the matter and internal files seen by Organisation Insider.

The defect in the design made the cooling system prone to leakage.

You can read her story in full here:

Tesla understood its Design S battery had a style defect that might lead to leakages and, eventually, fires starting in2012 It offered the car anyway.

— Matt

The primary strategist of $2.5 trillion State Street suggests 7 ETFs for financiers seeking to profit from a completely altered post-coronavirus landscape

Accenture is cutting United States personnel, and leading officers just cautioned of more pain to come as the consulting giant promotes fewer people and aims to control costs

SoftBank’s Vision Fund is ditching an ‘IPO readiness group’ and informing its portfolio business to manage the process themselves

WeWork is dropping a significant Manhattan workplace lease, and it’s the very first big step in a turnaround that’s put its whole real-estate portfolio under evaluation

Previous staff members and a cofounder describe what went wrong at Microsoft’s Mixer, which is shutting down even after investing millions of dollars on top streamers like Ninja to take on Amazon’s Twitch

Red Bull staff members dripped an offending slide from a business meeting. It showed a repurposed map meme that described India as ‘call centers,’ China as ‘they make our things,’ and Africa as ‘zoo animals come from here’

These are the 19 Airbnb execs restoring the company for growth and an IPO amidst the most significant travel market crisis in years

Cyclica is currently using AI to find new medicines based upon psychedelics. Here’s the discussion the biotech startup utilized to raise a fresh $17 million.

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