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Employee absences up, but airport wait times still normal: TSA

“Some airports experienced longer wait times at security checkpoints, and on Sunday, Baltimore/Washington International Thurgood Marshall Airport closed one of its checkpoints because of excessive absences” reports nypost.com. But despite the record sick-outs, the agency said in a statement Monday that wait times on Sunday were within normal ranges. Source: nypost.com

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DJI says employee fraud will cost it up to $150 million

“The drone manufacturer DJI has discovered millions of dollars worth of fraud committed by its employees, the company has announced (via Bloomberg)” writes Jan Est for theverge.com. In response, along with dismissing a number of employees, DJI said that it has alerted law enforcement, and has also set up new internal channels for whistleblowers to report fraud.The Shenzhen-based company is currently the biggest drone manufacturer in the world, with control of around 75 percent of the market.The company has said it expects the losses from the fraud to amount to…

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Facebook Portal reviews on Amazon appear to be padded with employee 5-star ratings

“Just take a look at these five-star Amazon reviews left by people who just so happen to have the same names as Facebook employees” writes Jack Morse for mashable.com. A quick scroll through Portal reviews — not even including reviews for the Portal+ — on Amazon found six examples of reviewers with the same name as current Facebook employees leaving five-star reviews for the device.The strange coincidence of five-star Portal reviews bearing the names of Facebook employees was first pointed out on Jan. 17 by New York Times reporter Kevin…

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This furloughed employee found a unique way to make money during the shutdown

“But this furloughed employee found a unique way to make money during the shutdown” writes Alessandra Malito for marketwatch.com. Unlike federal employees, however, they’re not restricted as to what they can do to earn money while on furlough.The 40-year-old dad of two realized last summer he was one of many “Star Wars” fans in his community, but he never expected it to be a money-maker. Source: marketwatch.com

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News Stocks 

Bank of America cut its workforce last year, but personnel costs per employee rose

“At the same time, personnel expense slipped just 1.6% to $31.88 billion, which lifts the personnel expense per employee by 2.2% to $155,901 from $152,506” writes Reporter Editor for marketwatch.com. The stock has declined 15.0% over the past 12 months through Tuesday, while the S&P 500 SPX, +0.26% has slipped 6.0%.”While there is still room for further improvement, the bank is nevertheless addressing the necessity of having a more flexible cost structure head-on.”. “Bank of America’s quarterly results demonstrate the bank’s ability to adapt its expense structure to market conditions,”…

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Ex-employee of proxy solicitor Georgeson convicted of fraud

“Proxy solicitation firms like Georgeson help publicly traded companies on matters that require shareholder approval by trying to gather information about institutional investors’ holdings and how they are voting” writes Midwest Communications Inc for 95kqds.com. Such information can help proxy solicitors give companies insight into whether shareholder proposals will likely pass or fail and shape strategies to affect the outcome.A federal jury in Boston found Donna Ackerly, who worked at proxy solicitation firm Georgeson LLC, guilty of conspiracy and wire fraud charges related to her role in a scheme to…

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Markets News 

Amid fears of an impending recession, some employees at Silicon Valley’s IPO-bound startups say they’re starting to get anxious

“It’s such a big event when so much of your compensation is tied up in equity,” the Uber employee told us” writes Nick Bastone for businessinsider.com. Everyone is very sensitive about every news story that comes out, which there are a lot for Uber,” says the Uber employee.”A lot of the talk internally is about buttoning everything up,” the Airbnb employee said. “It’s better to remedy things now before you’re on the public markets,” says the Airbnb employee.The Airbnb employee told us that the company is building out its customer…

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Tim Cook made over $15 million in 2018 — that’s 283 times more than the median Apple employee earned

“Cook’s compensation, not counting his restricted stock, is 283 times what the median Apple employee makes, according to the filing” writes Finanzen Net Gmbh for businessinsider.com. Lots of Apple employees work in its retail stores and with AppleCare and they factor into the median employee compensation. In 2018, he donated nearly $5 million in Apple stock to an unspecified charity, according to an SEC filing.Apple revealed on Tuesday how much money its median employee makes: $55,426. Source: businessinsider.com

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McDonald’s worker fights back after customer’s attack over a straw

“At last, a McDonald’s employee tells the customer: “Sir, get outta here.”” writes Amy B for sun-sentinel.com. After about 15 seconds, another McDonald’s employee walks around the end of the counter and pulls the customer back until he lets go of the woman.”Our highest priority is always the safety and well-being of our employees and customers at our restaurants,” McDonald’s said in a statement.Though some people have criticized the other McDonald’s employees for not doing more to physically restrain the customer, Biandudi said she felt they did all they could…

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