The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Tilman Fertitta told CNBC on Monday that he is doing things in a "very conservative way" amid fears of a recession.Marketsread more
Saudi Aramco sent a request for proposal to several banks, people familiar with the matter told CNBC on Monday.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
Workplace democracy has taken on a whole new meaning at one company — employees can vote on whether their CEO can keep his job.
Last year, employees of Haufe USA elected Kelly Max as their CEO and every year, they decide if he should stay in office.
"It comes from the fundamental idea that we have that employees run companies," Max said in an interview with CNBC's "Power Lunch. "
It all began four years ago when Haufe's founder and chairman decided he wasn't the right person for the global CEO job as the talent management and human resources company expanded. Instead, he opted to have the employees vote on the matter.
Max wrote about his company's policy recently in Fast Company, contending that, among other things, it keeps staff motivated and dedicated and allows the company to keep pace with the outside world.
It also brings "shadow organizations" out into the open, he said.
"A lot of shadow organizations happen in many enterprises, where a lot of ideas are worked on but they never come to the surface and really flourish and create more power for the organization to thrive," he told CNBC.
Max insisted that despite the challenges that come from vying for his job every year, he can make the difficult decisions because he knows his employees are behind him.
"The crowd genius that we have in the organization is very smart. It is much smarter than we think it is," he said.
While giving employees the power to hire and fire CEOs may work for Haufe, it is certainly not the way workplaces work, said Vivek Wadhwa, a Stanford University fellow at the Rock Center for Corporate Governance.
Workplaces are a "dictatorship," he told "Power Lunch."
"You need a strong leader who has a vision who can articulate it … and then everyone has to fall behind him or her," said Wadhwa.
Those leaders need to be able to fire people, shape strategies and shut down divisions.
"If you have to keep worrying about your popularity, you are not going to do the right thing for the company. You are just going to try to get re-elected next year as our leaders do and the whole thing falls apart," he said.
However, Max said that Haufe's democracy makes everyone stronger.
"If you look at the generational demands that you have today, dictatorship in my opinion doesn't work anymore," he said.
"The millennials, Generation Z that are entering the workplace, they want a voice, they want to have fulfillment every day, they want to really be part of something bigger and giving them democracy is one part of that purpose."