The summer vacation season has arrived. But like so many Americans, you probably have some paid time off. He said 46% of workers whose employers provide paid leave or time off said they usually take less time off than they are offered. Recent Pew Research found. Here’s why.
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They don’t feel the need to take more vacations (52%).
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I worry about being late at work (49%).
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Feel uncomfortable having colleagues take on additional work (43%).
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They believe that taking more time off could hurt their career advancement potential (19%).
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They think they may be at risk of losing their jobs (16%).
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My boss discourages me from taking time off (12%).
Some of these reasons, such as fear of retaliation or missing out on promotions, are likely to influence the decisions leaders make about workplace culture. Also, teams that are poorly managed or understaffed can be more anxious about delegating extra work to colleagues.
At the same time, the most common reason for not taking all available paid leave is that workers don’t feel the need.
And many continue to work even when it’s technically “off.” Her 55% of respondents said they “very often,” “frequently,” or “sometimes” check work emails and messages outside of work hours.
Employees seem to value the ability to take paid holidays. In a Pew survey, 89% of all workers said it was “very” or “very” important to provide paid time off for work, time off, doctor visits and minor illnesses. and more people chose the “very important” category than employers. – Sponsored health insurance or employer-sponsored retirement programs.
DealBook welcomes your feedback: do you use your vacation? Do you encourage employees to take time off? Why or why not? Please let us know at dealbook@nytimes.com.
in case you missed
twitter drops the mic. Florida Gov. Ron DeSantis announced his presidential campaign in a Twitter event Wednesday, but a technical glitch interrupted the live audio event for over 20 minutes, leaving more than half of the original audience unable to attend. Reliability question Much of Twitter’s infrastructure has been plaguing the company for months.
A debt deal is imminent. House Republicans and the White House have narrowed their differences over a deal to raise the debt ceiling and avoid a government default. The stakes are high: Treasury Secretary Janet Yellen said the government could run out of money as early as June 5.
AI impacts stock prices. Stocks plunged for minutes on Monday after images generated by artificial intelligence that appeared to show a government building on fire near the Pentagon. Later this week, the rise of AI had an adverse effect on the stock price of Nvidia, which makes computer chips used to power AI systems. It set a record in Thursday’s pre-market trading after delivering an impressive sales outlook.
technical rules. On Thursday, Microsoft became the latest technology company to propose regulations on artificial intelligence. The company wants “emergency braking” for systems used in critical infrastructure and labels that make it clear when an image or video was created by a computer. Earlier this week, Google CEO Sundar Pichai promised: Voluntary “AI Pact” Working with other companies to develop AI responsibly ahead of looming regulations in Europe.
family drama
HBO will release the final episode of “Succession” on Sunday.The show has only about 8 million viewers Released episode by episode, it’s racked up notoriety, awards, and critical acclaim, all of which are valuable to HBO as it competes with Hulu, Amazon, and Netflix for subscribers.
Program producers like to repeat past successes. So they’re definitely looking for the next high-stakes family business story. The fictional Roy family in Succession bears a striking resemblance to the Murdoch family. But the business world is full of dynasties full of wealth, strife, and fabulous costumes. Here are our suggestions.
Arnaud family. The 74-year-old chairman of the world’s largest luxury company (and richest man), Bernard Arnault, has shared a key role among his members in the LVMH Moët Hennessy-Louis Vuitton empire and how he will pass the baton. Carefully plan to take over. 5 children.
Like “Succession,” the show has to save at least one episode for its grand European wedding. In this case, it is inspired by the wedding of Alexandre Arnault. Venice, whose invited guests included Beyoncé, Jay-Z, and Kanye West. A scene inspired by the glamorous reopening of Tiffany & Co. following the brand’s tumultuous acquisition by LVMH would be a great season finale.
Sacklers. The family behind Purdue Pharma, whose opioid pain reliever OxyContin initially dominated the market, fractured a bone Amid the economic and social impact of the company’s role in the opioid crisis. Scenes could include congressional atrophy investigations and family members walking into the name-stripped equivalent of the Sackler Wing of the Metropolitan Museum of Art.
Mr. Maras. The New York Giants’ owning family split into two factions. Wellington Mara, his wife, and 11 children were on one side. The other was Wellington’s nephew, Tim Mara. The show’s credits could feature Venetian blinds, who reportedly split the stadium’s opulent suites when tensions were at their peak. The series ended in 1995 with Tim Mara having no other choice. sold his stock within the team.
Honorable Mention: While these family-run dramas may continue, A miniseries with at least eight episodes, if not a multi-season show:
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safras. Joseph Safra, one of the richest bankers in the world, left his son Alberto in his will. More than two years after Joseph’s death in 2020, Alberto sued his two brothers and his motherclaimed they were trying to force him out of his father’s company.
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Kushner family. Charles was imprisoned because of a family feud over business between real estate agent Charles Kushner and his brother-in-law. One of his sons became the son-in-law of former President Donald Trump and has amassed billions of dollars from Saudi Arabia. Another set up a powerful venture fund and married a model.
Word of the Week: Stealth Wealth
The rich are really different. Unlike people who aim to look gorgeous, those who are really rich Subtly express your preferences. Or maybe that’s the idea behind ‘Stealth Wealth’ and the sober 2023 fashion trends epitomized by the ‘Succession’ wardrobe. No logos, no flashy designs, no bright colors, no screams for attention. Seemingly simple neutrals and navy items are ostensibly sold at exorbitant prices for the high-quality materials and craftsmanship.
If you can’t guess the designer of $500 baseball caps Or a $5,000 suit – frankly, you wouldn’t want to wear it because it’s plain – the wearer’s mission accomplished. And if you say “quiet luxuryYou’re part of a discerning inner circle, and you’ll find the classy, fashionable look you can spot from the resemblance of a needle in a haystack or a $1,500 ballet flat to a sock. are part of the vulnerable minority.
Perhaps you’re too cool and the show has an intruder “ridiculously wideThe bag was expensive, but it falsely emphasized her outsider status with Burberry’s trademark bold checks and sizes. The wealthy may be secretly carrying a fortune, but they’ve dressed themselves in beiges, blacks and grays by designers like Ferragamo, Bottega Veneta, Loro Piana, Brunello Cucinelli, Hermès, The Row and Max Mara. Wrapped up, it looks like you are traveling lightly.
Flight delayed?Get Rewarded: DealBook Reader Reactions
Airlines and government officials want to avoid flight delays or cancellations this summer as air travel risks surpassing pre-pandemic levels. DealBook reported in a previous newsletter that President Biden is calling on airlines to compensate passengers for this type of disruption, and we asked you to share your thoughts.
In about half of the 30 emails Dealbook received on the matter, readers expressed support for the measure, giving US travelers the same discounts given to consumers in Canada and the European Union. Said it was time to get kind protection.
About a quarter of DealBook readers expressed a dissenting opinion. They argued that paying late fees to travelers was excessive and that the industry would be better off adopting its own policies. Interestingly, professional readers and The rebel camp feared such measures would drive up ticket prices.
Oh, and one reader made an even bigger suggestion. “Invest in passenger trains. Prioritize them over other trains on the track.”
thank you for reading! Please let us know what you think. Please email your comments and suggestions to dealbook@nytimes.com.
