Friday, June 17, 2022

💡 Axios AM: Winning the talent war

Mapped: World Cup cities | Friday, June 17, 2022
 
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Axios AM
By Mike Allen · Jun 17, 2022

Happy Friday. Smart Brevity™ count: 1,461 words ... 5½ mins. Edited by Noah Bressner.

Breaking: The EU's executive arm endorsed Ukraine's bid to join the bloc — a step the country has longed for since its 2014 revolution. Go deeper.

📨 Today at 12:30 p.m. ET, please join Axios' Russell Contreras, Delano Massey and Aja Whitaker-Moore for a virtual event exploring Juneteenth's call to action. Guests include Houston Mayor Sylvester Turner, Princeton professor Eddie S. Glaude Jr. and BET CEO Scott Mills. Register here.

 
 
1 big thing: Winning the talent war
Data: Gallup. Chart: Simran Parwani/Axios

Stress and burnout are rising in the U.S. But jobs are plentiful and Americans are willing to move to new places for work, putting workers up for grabs, Axios' Erica Pandey writes.

  • Why it matters: CEOs who can get company culture right — and mayors who can sell their cities — have an unprecedented opportunity to lure top-tier talent.

3 stats from a new Gallup workplace report tell the story:

  • 71% of Americans believe this is a great time to look for a new job.
  • 58% are stressed at their current job daily.
  • 20% are likely to move to a new city in the next year.

The big picture: There's a chance for unhappy workers to find better jobs ... for smaller, non-coastal cities to attract new residents ... and for companies to poach talented employees.

  • Willingness to move (27%) is even higher among workers under 40.

🧠 Between the lines: The companies that are winning the Great Resignation — and attracting top talent — are the ones that are getting company culture right, says Jim Harter, Gallup's chief workplace scientist.

  • Company culture is quickly becoming as important to workers as compensation and promotions.
  • A strong workplace culture includes managers who act like coaches and invest in workers' careers, as well as leaders who consistently explain why they're making the decisions they make, Harter said.

🏘️ Cities can step in:

  • A number of smaller cities — including Tulsa ... Greensburg, Ind. ... and cities in Vermont — are trying to sell themselves to newcomers, leaning on similar pitches about workers' well-being.
  • They're marketing green spaces, safe communities and affordability.

Go deeper: Read the Gallup report, "State of the Global Workplace: 2022."

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2. 📷 Freeze-frame history: Pence during riot
Photo: House Select Committee via AP

These stunning scenes of Vice President Mike Pence on Jan. 6, 2021, were shown yesterday at Hearing 3 by the House committee investigating the attack on the Capitol.

Photo: House Select Committee via AP

This is Pence in his secure evacuation location after he was rushed off the Senate floor during the riot.

Photo: House Select Committee via AP

Hearing takeaways.

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3. 💭 Biden: Recession isn't inevitable
President Biden yesterday. Photo: Evan Vucci/AP

President Biden acknowledged to AP's Josh Boak in a rare Oval Office interview that the American people are "really, really down":

  • "Their need for mental health in America has skyrocketed because people have seen everything upset — everything they counted on upset. But most of ... what happened is a consequence of the COVID crisis."

On a recession: "First of all, it's not inevitable. Secondly, we're in a stronger position than any nation in the world to overcome this inflation."

  • "If it's my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that — I'm not being a wise guy. Someone should ask themself that question."

Interview takeaways ... Interview transcript.

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4. 🤫 Watergate break-in: 50 years ago today
Carl Bernstein, 29, and Bob Woodward, 30, in the city room in May 1973 after The Washington Post won the Pulitzer for the Watergate investigation. Photo: UPI via Getty Images

On June 17, 1972, "security guard Frank Wills notices masking tape holding a door latch open between the parking garage and a stairwell at D.C.'s Watergate hotel and office complex," The Washington Post writes in a Watergate timeline.

  • "He removes it but returns to find the lock taped again and calls the police. They arrest five intruders on the sixth floor, inside the headquarters of the Democratic National Committee."

The bungled burglary drove President Richard Nixon from office two summers later. Don Graham, former publisher of The Post, writes on the 50th anniversary:

  • "I was with Katharine Graham, my mother and the publisher of The Washington Post, when managing editor Howard Simons called to tell her about the burglary."
  • "We talked about it that morning, laughed about it and went on to other subjects. The idea that this incident would lead to the resignation of the president of the United States would have seemed crazy to her that day or any time in the next nine months."
Aug. 8, 1974. Photo: Bettmann Archive via Getty Images

"But two Post reporters, Bob Woodward and Carl Bernstein, played a crucial role," Graham continues:

[T]he stories — day after day, week after week — hit hard for a simple reason. They were true. They weren't fake. They were news. A White House phone number was in the address book of a Watergate burglar? Really? The bills in their pocket came from a gift to the president's reelection campaign? Yup. And on from there.

Go deeper.

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5. 📊 Belief in God hits low
Graphic: Gallup

81% of U.S. adults say they believe in God — down 6 points from 2017, and the lowest in the 78 years Gallup has been asking the question.

  • Between 1944 and 2011, more than 90% of Americans believed in God.

Go deeper.

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6. 🐦 Musk faces Twitter workers

Photo illustration: Sarah Grillo/Axios. Photo: Britta Pedersen/Pool via Getty Images

 

Elon Musk, speaking virtually yesterday in his first meeting with Twitter employees, did little to win over skeptics in the company he's agreed to buy, Axios' Scott Rosenberg and Ina Fried report.

  • During the hourlong all-hands, Musk reiterated that he wants to ... boost the number of overall Twitter users to a billion ... make the platform a haven for free speech ... open-source the algorithm that determines what posts users see ... and use China's WeChat as a model for how Twitter could move to the center of users' lives.

Other highlights, per an Axios source on the call:

  • On remote work: Musk, who has told employees at Tesla that they should work 40 hours on-site or leave the company, left a little more wiggle room for Twitter workers. "Exceptional" employees could keep working remotely, he said, but he believes remote work harms morale.
  • On whether he'll be Twitter CEO: He said that's not the title he has at Tesla, and that he intends to focus on making product-related decisions at the company. (Fact check: Musk may have given himself alternate titles internally, but Tesla still lists him as CEO in its regulatory filings.)
  • On diversity and inclusion: Musk said his idea of inclusion is getting Twitter to a billion users. He said he believes the company itself should be a "meritocracy."
  • On his long-term goals: Musk said he will judge his success by whether Twitter is "advancing civilization and consciousness."
  • On Twitter as a business: He reiterated his interest in developing more for-pay services. "Right now, costs exceed revenue. That's not a great situation," he said, per live blogs at the New York Times and Bloomberg.
  • 🛸 On aliens: "I have seen no actual evidence for aliens," he said, although that does not seem to have been one of the questions employees were asking.
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7. ⚽ World Cup cities
Map: Axios Visuals

FIFA yesterday unveiled which 16 cities will be home to games during the 2026 World Cup hosted jointly by the U.S., Canada and Mexico.

  • Why it matters: Cities that host the prestigious international tournament see an influx of fans and tourists who could pump money into local economies.

The 2026 tournament is the first to have three co-hosts and feature 48 teams, expanded from 32.

  • The U.S. last hosted the World Cup in 1994.

The big picture: FIFA picked 11 cities in the U.S., two in Canada and three in Mexico from a list of 22 finalists, Axios' Herb Scribner writes.

  • Specific games for each site will be announced later.

🏟️ The final cities, revealed in three regional groups:

  • East: Boston ... Miami ... N.Y./N.J. ... Philadelphia ... Toronto.
  • Central: Atlanta ... Dallas ... Houston ... Kansas City, Mo. ... Mexico City ... Monterrey, Mexico.
  • West: Guadalajara, Mexico ... L.A. ... Bay Area ... Seattle ... Vancouver.

Go deeper: 16 cities, venue by venue.

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8. 🏀 Golden State dynasty
NBA Finals MVP Steph Curry raises the Larry O'Brien Championship Trophy in Boston last night. Photo by Adam Glanzman/Getty Images

The Golden State Warriors of San Francisco are NBA champions once again, topping the Boston Celtics 103-90 last night for their fourth title in the last eight seasons.

  • Why it matters: The win completed a dramatic return to greatness for the Warriors, who just two seasons ago had the league's worst record, AP reports.

Stephen Curry, who scored 34 points and was named the NBA Finals MVP, struggled to speak as he explained what allowed the Warriors to capture their latest crown:

  • "It's part of a championship pedigree, our experience. We built this for 10-11 years. That means a lot when you get to this stage."

Zoom out: For Curry, Klay Thompson, Draymond Green and Andre Iguodala, it's a fourth championship.

  • The first three rings came in 2015, 2017 and 2018, when Golden State was dynastic and made five consecutive trips to the finals.
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