Friday, January 23, 2015

This CEO Fought For Better Wages At His Company. Guess What Happened.

Mark Bertolini, CEO of Aetna, explained how he increased wages for his workers, arguing that taking better care of his employees would in turn lead to better care for Aetna's customers.

Bertolini told HuffPost Live at Davos his company increased wages and adjusted benefits in order to give its employees a better quality of life.

"Not everybody should be at $16 an hour, there may be people who need to be higher," Bertolini said, noting people's lifestyles are directly impacted by how they are paid.

Bertolini's company also implemented yoga and mindfulness practices at work and studied the effect they had on the employees.

"After we completed the [yoga] course, the results were amazing," Bertolini said, saying in addition to weight loss and happier workers, there was an increase in productivity by 69 minutes a month.

"We think it's about a $3,000 a year savings," Bertolini said, noting his company's health care costs actually went down after implementing mindfulness practices.

Below, live updates from the 2015 Davos Annual Meeting:





live blog

Oldest Newest Share + Today 12:42 PM ESTHow Data Can Make Our Cities Safer And Smarter

Dan Koh, chief of staff for the city of Boston and Arianna's former chief of staff, writes:

Michael Lewis' book Moneyball: The Art of Winning an Unfair Game, documents how the Oakland Athletics, a baseball team with a near league low million payroll, won over 100 games by focusing on the most valuable, not the most expensive, skills. Perhaps just as importantly, general manager Billy Beane had people on his team that bought into his philosophy.

On 6 January 2014, Mayor Martin J. Walsh took over as the first new mayor in the city of Boston in 20 years. He set out to change how government was operated -- and measured. Although the concept of Moneyball originates in baseball, its philosophy directly applies to governing.

Read more here.

Share this: Tweet Share tumblr Share + Today 12:26 PM EST'Real Overreactions' To Ebola

Gabrielle Fitzgerald said there were some "real overreactions" to Ebola in the United States, specifically mentioning how it makes no sense for people to assume doctors who've treated Ebola patients are infected with the virus.

Share this: Tweet Share tumblr Share + Today 12:23 PM ESTGabrielle Fitzgerald On 'The Good News' About Ebola

Gabrielle Fitzgerald of the Paul G. Allen Foundation spoke to HuffPost about a trip to West Africa she took on her way to Davos.

"The good news is the [Ebola] epidemic is starting to decrease... but we're at a very fragile point, because we can't let our guard down now," she said.

Share this: Tweet Share tumblr Share + Today 12:13 PM ESTThree Ways To Fix Our Broken Training System

LearnUp CEO Alexis Ringwald writes:

The current model for educating and preparing our workforce is broken. Today's rapidly changing economies require something different.

I recently spent six months in the unemployment lines of America to understand why workers, particularly young people, struggle to find jobs. While talking to the unemployed, I witnessed first-hand the loneliness and demoralizing nature of the job search. Jobseekers apply for countless jobs but are constantly turned away as unqualified. Moreover, jobseekers never receive feedback on what skills they need, and so never get a chance to improve. As a result, the vicious job search cycle continues.

Read more here.

Share this: Tweet Share tumblr Share + Today 12:11 PM ESTGaran On Working Together

"If we can find things that we agree on, like space exploration, and work on those things... that builds a foundation to then build things that we don't agree on," Garan said.

Garan said there are millions of organizations on earth working on improving things globally but there's often no collaboration, leading to a less effective effort.

Share this: Tweet Share tumblr Share + Today 12:08 PM ESTHow Ron Garan Decided To Become An Astronaut

Retired NASA astronaut and author Ron Garan spoke with HuffPost about his path to space exploration.

"Even as a little kid... I knew that we just became a different species," Garan said. "The exploration of that [space] really excited me."

Share this: Tweet Share tumblr Share + Today 11:49 AM ESTCairns: Let's Show Women The STEM Fields Are Exciting

Cairns said we need show women that the STEM fields are exciting.

"I think that what we have to do is, we have to tell them how exciting it is," she said.

"I think sometime these professions are presented as rather dull and uninteresting but that's not necessarily the case," she added.

Cairns also addressed the lack of women in the finance field, saying there's a "gap" we have to fill.

"Particularly in the banking world we're getting the entry level women and we're getting some women that rise to running divisions... but we're losing women in the middle," Cairns said. "We've got a gap there, and the question is why is that happening and what can we do to stop that?"

Share this: Tweet Share tumblr Share + Today 11:45 AM ESTCairns On Helping Feed The Hungry

Ann Cairns, President of International Markets for MasterCard, said there's a lot of methods being developed to allow people to help others in need.

"We're working on a giving platform and we've rolled it out in some countries in Western Europe," she said, explaining that people can donate to help feed hungry people around the world while they're shopping for groceries and thinking about feeding their own families.

Share this: Tweet Share tumblr Share + Today 11:25 AM ESTAmy Gutmann At Davos

Amy Gutmann at Davos

Share this: Tweet Share tumblr Share + Today 11:24 AM ESTGutmann On Free Speech

"The challenge of free speech is when there's speech you really don't like," Gutmann said. "We have to live up to the challenge and stand by free speech when it's offensive speech, as well as when it's speech we like."

"The creative spirit comes alive when you can robustly argue with people and feel protected, and feel safe," she added.

Gutmann said offensive free speech fosters more discussion, which can be a good thing.

"When the speech is offensive I feel we have a responsibility to respond," Gutmann said.

Share this: Tweet Share tumblr Share + Today 11:21 AM ESTPenn's PEP Program

"We have three president engagement prizes for students who come up with a project to spend a whole year post-graduation doing something in the community," Gutmann said, noting the first three students will be awarded this spring.

"The whole point is to show that higher education is both about your success, but it's your success by creating value in the world," Gutmann said.

Share this: Tweet Share tumblr Share + Today 11:20 AM EST'Get The Word Out'

Amy Gutmann said it's her mission "to get the word out" about financial assistance, because she would have been unable to go to college if she hadn't gotten a scholarship.

Share this: Tweet Share tumblr Share + Today 11:18 AM EST'No Person Can Afford Not To Have A College Degree'

Amy Gutmann, president of the University of Pennsylvania, said we need to make college more accessible in order for people to thrive in the 21st century.

"No person can afford not to have a college degree, so we have to make a college degree affordable," Gutmann said.

Share this: Tweet Share tumblr Share + Today 11:04 AM ESTFinucane: Let It Go

"Always I try to be centered," Finucane said.

"Being centered is very important and accepting who you are with your flaws... I walk a lot, I read a lot and I let go. I let go of things," Finucane added.

Share this: Tweet Share tumblr Share + Today 10:59 AM ESTBank Of America 'Had To Sit And Get Real'

Finucane said Bank of America has made changes in order to provide employees with more pride over their company.

"Nobody wants to go home for Thanksgiving or a wedding or a birthday party and feel they're defending their company," Finucane said. "They want to be proud of their company."

"So we really had to sit and get real on this and talk about, well, what is our purpose?" she added.

Finucane said Bank of America quit looking at social responsibility as philanthropy, instead looking at employment practices, business practices, environmental practices and more in a way that would reflect the values of employees.

Share this: Tweet Share tumblr Share + Today 10:53 AM ESTAnne Finucane On Learning From Not Hearing

Anne Finucane, global chief strategy & marketing officer at Bank of America, shared a personal story while with Arianna at Davos on Friday.

"When I was a young girl, nine years old, I lost my hearing," Finucane said.

Finucane said she was placed at the back of the classroom while she struggled with her hearing, and suddenly she "felt what it was like to be excluded."

She regained her hearing six months later, but said the observations she made while she was without one of her five senses have helped her "in extraordinary ways throughout the rest of my life."

Share this: Tweet Share tumblr Share + Today 10:46 AM ESTIMAX CEO Weighs In On The Future Of Movie Theaters

IMAX CEO Rich Gelfond talks with HuffPost Live about where he sees movie theaters in today's entertainment industry.

Share this: Tweet Share tumblr Share + Today 10:04 AM ESTMcDonough On 'A Fundamental Issue Of Human Rights'

McDonough argued it's time to stop carbon releases and greenhouse gas emissions, because "a material in the wrong place is a toxin."

"It took us 13 years to get lead out of gasoline because of our children's brains. When are we going to get the carbon out of the atmosphere? It's a toxin... It's obvious to anybody with half a whit."

"This is a fundamental issue of human rights and of intelligence for the future," he added.

Share this: Tweet Share tumblr Share + Today 10:01 AM ESTPackaging Made From Corn Stalks?

McDonough spoke about creating biodegradable packaging made from corn stalks.

"Why wouldn't corn flakes be in a package made from corn stalks?" McDonough said.

Share this: Tweet Share tumblr Share + Today 9:59 AM ESTBill McDonough At Davos

Bill McDonough, co-founder of McDonough Braungart Design Chemistry, at Davos

Share this: Tweet Share tumblr Share + Today 9:40 AM ESTDr. Christoph Benn On HIV

Dr. Christoph Benn, director of External Relations at the Global Fund, admitted HIV is probably "not conceived as as much of a crisis" by younger people who grew up knowing there were some treatment options available.

"We always have to be aware of complacency," he said.

Share this: Tweet Share tumblr Share + Today 9:17 AM ESTCEO: It Made Sense To Give My Employees A Raise

Aetna CEO Mark Bertolini explains to HuffPost Live why he decided to take a little better care of his company's workforce.

Share this: Tweet Share tumblr Share + Today 9:07 AM ESTGelfond: Oscar Nominating Process For Best Picture 'Dated'

When asked about the Selma snub at the Oscars, Gelfond said he had a bigger criticism of the Academy Awards' nominating system.

"The nominating process for best picture is maybe a little bit dated," Gelfond said. "The way pictures are made has changed so rapidly over the last couple of decades."

Gelfond said the best picture category is "so subjective" and "there's no guidelines around it."

Share this: Tweet Share tumblr Share + Today 9:04 AM ESTRichard Gelfond At Davos

IMAX CEO Richard Gelfond

Share this: Tweet Share tumblr Share + Today 9:04 AM ESTGelfond On The Sony Hack

Gelfond weighed in on the Sony hack, saying theater owners got a bad rap.

"Theater owners were portrayed in a worse light than they should have been," Gelfond said.

"I think the theater owners got screwed... they didn't really get a seat at the table in all of this," he added.

Share this: Tweet Share tumblr Share + Today 9:02 AM ESTThe Future Of Movie Theaters

Gelfond weighed in on the future of movie theaters.

"I think the cinema experience will be a better experience for consumers," Gelfond said. "There are two reasons people go to movies: it's a differentiated experience.. and the other is its a social experience."

"I think as long as the theaters in general keep those elements, people will still go to theaters," Gelfond said. "That being said theres never been a technology that you can hold back forever."

Share this: Tweet Share tumblr Share + Today 9:00 AM ESTIMAX CEO On 'Game Of Thrones'

IMAX CEO Richard Gelfond spoke with HuffPost Live about the company's decision to run HBO's "Game of Thrones."

"IMAX sees ourselves at the top of the food chain as far as a premium experience," Gelfond said.

"Thinking of it in a strange way, IMAX is another device," Gelfond said.

Share this: Tweet Share tumblr Share + Today 8:34 AM ESTAlexis Ringwald At Davos

Alexis Ringwald, co-founder and CEO of LearnUp, at Davos

Share this: Tweet Share tumblr Share + Today 8:28 AM ESTAlexis Ringwald On Her 'Listening Journey'

Alexis Ringwald, co-founder and CEO of LearnUp, said she went on a "listening journey" through unemployment lines in America and discovered there's a skills gap and a challenge even for people to get an entry-level job.

"We decided to partner with employers directly -- they're the only ones who know exactly what skills you need," she said.

Ringwald said a couple of hours of LearnUp training will triple someone's chances of getting a job.

Share this: Tweet Share tumblr Share + Today 8:18 AM ESTHandley: These Davos Parties Are No Fun

Handley said he's disappointed with the parties at Davos.

"Let's be honest, they're not very good," Handley said.

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