Hi, I'm Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories.
On the agenda today:
- Get ready for a summer of air travel hell.
- Why so many lawyers are desperate to quit.
- Introducing this year's most innovative chief marketing officers.
- At Amazon, a huge operations shake-up is underway.
But first: On Friday, the Supreme Court overturned Roe v. Wade, the landmark ruling that legalized abortion across the US. We're highlighting some valuable reads from across our newsroom.
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Our ongoing coverage of Roe v. Wade
Friday's SCOTUS decision undoes nearly 50 years of legalized abortion nationwide — and soon, the US will see a domino effect of legal, social and economic changes. Follow Insider's live updates on the ruling here. And to help navigate all of this, here's a look at some of the important pieces we've published.
- Inside the post-Roe future: Insider turned to people in 13 "trigger law" states where abortion will now be criminalized automatically. Here's what they had to say.
- Major Wall Street firms have backed lawmakers responsible for so-called abortion trigger laws. A dozen industry donors have given some $1.6 million to these lawmakers. Here's our analysis.
- Some companies, like Apple and JPMorgan, have vowed to help employees access abortions. But the country's biggest employers should "say goodbye to attracting top female talent" in states where abortion bans could take effect.
Now, onto this week's top stories.
Air travel will be hell this summer
This has been a particularly bad year for air travel. In fact, 2022 has had the highest percentage of delayed flights and highest percentage of canceled flights in the past eight years. (And just think of all the headlines from last weekend's air travel chaos…)
Dozens of different factors are adding up to a hectic summer for travel, but they all mean one thing: If you're flying this summer, get ready for a travel nightmare.
'Widespread misery' among lawyers
Being a lawyer may look glamorous on TV — an industry of overachievers in high-paying jobs with clear paths to promotions. But in recent years, attorneys have started to become more vocal about something: They're miserable.
Many lawyers are deeply dissatisfied with their day-to-day work. Some who wanted to change the world feel like they're just serving as butlers to capitalism. In fact, lawyers are so miserable, a bunch of coaching services have sprung up to help them escape their careers.
Here's why so many lawyers hate their jobs.
Plus, you might also want to read:
These are the top CMOs of 2022
For Insider's seventh annual "Most Innovative CMOs" list, we consulted with industry experts and took nominations from the marketing community to identify 31 execs who are pushing their companies forward.
Execs from brands like Adidas, DoorDash, and Savage X Fenty made the list, but they all have one thing in common: They've risen to the challenges posed by the pandemic, economic jitters, and privacy changes.
Meet the 31 most innovative chief marketers.
Inside Amazon's executive shake-up
On Tuesday, Amazon announced Doug Herrington's appointment as the company's new retail CEO, replacing the recently departed Dave Clark.
Soon after the company's announcement, Alicia Boler-Davis, SVP of global customer fulfillment, and David Bozeman, VP of Amazon transportation services, announced their resignations — marking the departure of two of the most-senior Black executives at Amazon.
What we know about Amazon's leadership changes.
Plus, read Herrington's first memo to employees:
This week's dispatch:
Hi! Phil Rosen here — I write our 10 Things Before the Opening Bell markets newsletter. I just wrapped up NFT.NYC, a conference where over 16,000 digital-asset enthusiasts converged for a week of festivities.
Those who have the splashiest NFTs from the Bored Ape Yacht Club collection — which are worth over six figures even in a bear market — showed up in droves this week. I met someone who bought an Ape a year ago for $1,700, and he's already made nearly 100 times his investment. Another pair of Ape owners told me their digital assets had become part and parcel of their very identity.
Even though crypto markets are all red and NFT sales have cratered, not many people talked about that.
I went to a party on a megayacht, rubbed shoulders with metaverse CEOs, and took the pulse of a movement that sees itself as the future — and made sure to write all about it.
Here are two of my favorite stories:
- Doodles CEO on why its NFTs could hold value through a recession
- This 18-year-old raked in $700,000 of revenue selling Bored Ape toys
And for more from the world of crypto and markets: Sign up for 10 Things Before the Opening Bell.
More of this week's top reads:
- NYC's Eleven Madison Park restaurant killed plans to raise pay and prices in 2021.
- Insider's Pride Month cover star is "Queer Eye" host Tan France.
- Here's the salary breakdown for NYU Stern's MBA class of 2021 across industries.
- Kevin Rose, the Digg founder and an early internet entrepreneur, takes us inside his second act.
- There's more pain to come for Wells Fargo's mortgage business. Analysts explain why.
- Read the email the CEO of Compass sent staff announcing 450 layoffs.
- Thinking of moving to a new city? Ask these questions.
- Disney+ wants to broaden its audience with a "Dune"-style epic and music-driven series.
Plus: Keep updated with the latest business news throughout your weekdays by checking out The Refresh from Insider, a dynamic audio-news brief from the Insider newsroom. Listen here tomorrow.
Curated by Matt Turner. Edited by Lisa Ryan and Jordan Parker Erb. Sign up for more Insider newsletters here.
