“There is absolutely no reason why anyone would conduct a fake interview,” Mr. Sommers said. Rather than tracking the identities of interviewees, the bank focused on the results, and “the numbers are getting better,” he said.

Of the nearly 26,000 people the bank hired in 2020, 77 percent were not white men, Ms. Burton said. And last year, 81 percent of the 30,000 people hired were not white men, she said. She declined to specify how many of those new hires were for jobs above the $100,000 salary threshold.

But six current and former Wells Fargo employees, including Mr. Bruno, said that fake interviews were conducted for many types of positions. Three current employees said they conducted fake job interviews or knew of them as recently as this year.

In 2018, Tony Thorpe was a senior manager for Wells Fargo Advisors in Nashville, overseeing 60 advisers. Mr. Thorpe said his boss and the human resources manager overseeing his area both told him that if he found a financial adviser worth recruiting, and that adviser wanted to bring a sales assistant along, it was permissible — but the assistant’s job had to be posted publicly.

Mr. Thorpe, who retired from Wells Fargo in 2019, said he was instructed to reach out to colleges and business associations in the area where he could meet nonwhite candidates for the assistant job. Mr. Thorpe said he never conducted a fake interview, but was required to document that he had tried to find a “diverse pool” of candidates, even though he knew exactly who would be getting the job.

“You did have to tell the story, send an email verifying what you’ve done,” Mr. Thorpe said. “You just had to show that you were trying.”

Ms. Burton said that she couldn’t speak to practices under Wells Fargo’s prior management, but that the bank kept records of every job interview. The record-keeping is necessary because the Office of the Comptroller of the Currency, the nation’s top banking regulator, conducts periodic audits. While the O.C.C. doesn’t impose its own diversity standards for banks, it does check to make sure they’re following state and federal laws, including anti-discrimination laws.

Don Banks, 31, a Black wealth manager living in Monroe, La., was contacted by Wells Fargo twice before he was hired. In 2016 and 2017, a human resources representative from the bank told Mr. Banks that he had advanced past an initial interview round for a financial adviser trainee position and would be getting a call from a manager. Both times, no one called.

Mr. Banks had been submitted to fake interviews, according to a former employee who was a manager in the area where Mr. Banks had applied, and who participated in the hiring process involving Mr. Banks’s application. The person spoke on the condition of anonymity because he still works in the industry.

Mr. Banks was eventually hired in 2018 by Wells Fargo in a more junior position. Two years later, he was laid off during cutbacks in the pandemic.

“It doesn’t sound like a great experience,” Mr. Sommers, the wealth management chief executive, said. “It shouldn’t have happened that way.”

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Target Store Closings Show Limits of Pledge to Black Communities

BALTIMORE — When Target announced that it was opening a store in Mondawmin, a predominantly Black neighborhood in this city struggling with crime and poverty, it seemed like a ticket to a turnaround.

And from the start, it was a practical success and a point of community pride. The store, which opened in 2008, carried groceries, operated a pharmacy and had a Starbucks cafe, the only one in this part of Baltimore’s west side.

People came from across the city to shop there, helping to soften the Mondawmin area’s reputation for crime and the looting that followed protests over the 2015 death of Freddie Gray, who was fatally injured while in city police custody. As an employer, Target seemed to cater to the community’s needs, making a point of hiring Black men and providing an office in the store for a social worker to support the staff. Elijah Cummings, the congressman from Baltimore, was known to shop there.

But in February 2018, with almost no warning or explanation, Target closed the store.

Residents, especially those without cars, lost a convenient place to shop for quality goods. And a marker of the community’s self-worth was suddenly taken away.

shut two stores in predominantly Black neighborhoods on Chicago’s South Side as the company made plans to build a new store on the wealthier and mostly white North Side.

according to local legend, visited the property in the 19th century and observed the area’s bountiful cornfields. Mondawmin is derived from a Native American phrase for “spirit of corn.”

In the 1950s, the property was sold to a real estate developer, who turned the rural lot into the city’s first shopping mall.

The Mondawmin Mall featured a Sears, a five-and-dime, and eventually an indoor fountain and spiral staircase, advertised as the “seventh wonder of Baltimore,’’ according to Salvatore Amadeo, an amateur historian who makes YouTube documentaries about malls, including a segment on Mondawmin.

When the assassination of the Rev. Dr. Martin Luther King Jr. in 1968 sparked protests across Baltimore and caused “white flight” to the suburbs, the mall struggled. Over time, it ceased to be a big draw for shoppers outside the area.

The stores became more focused on Black fashion and neighborhood services. A large barbershop occupies the mall’s bottom floor, and there is an agency that helps formerly incarcerated people find jobs.

a forceful statement, promising to reopen one of its stores in Minneapolis damaged in the protests against police violence.

“The murder of George Floyd has unleashed the pent-up pain of years, as have the killings of Ahmaud Arbery and Breonna Taylor,” Mr. Cornell said in the statement. “We say their names and hold a too-long list of others in our hearts. As a Target team, we’ve huddled, we’ve consoled, we’ve witnessed horrific scenes similar to what’s playing out now and wept that not enough is changing.”

One of the names on that “too-long list” is Freddie Gray. Mr. Gray was from Baltimore’s west side and was arrested a few blocks from the Mondawmin Mall in April 2015 for possessing a knife.

prosecutors described as a “rough ride,” his spinal cord was 80 percent severed.

One of the first big waves of protests over his death occurred at the Mondawmin Mall. Protesters began throwing rocks at police officers, and the mall was looted. Some students from Frederick Douglass High School, across from the mall and the alma mater of the civil rights giant Thurgood Marshall, the first Black man to serve on the U.S. Supreme Court, were caught up in the melee.

Target was spared serious damage. But for a time, many shoppers, both Black and white, stayed away from the store, recalled Mr. Johnson, who now works for the Postal Service.

“Mondawmin already had a bad rap with out-of-towners,” he said.

Shoppers eventually returned to the Target in Mondawmin, he said. But he noticed that the city’s other Target store, which had opened in a trendy area near the harbor in 2013, was getting more popular.

In November 2017, Mr. Mosby, then a state lawmaker, got a call from a resident whose family worked at the store: The Target in Mondawmin was shutting its doors in a few months. “I thought it was a just a rumor at first,” Mr. Mosby said.

Some residents and neighborhood leaders were told that the store struggled with high rates of theft, known in the retail industry as “shrinkage.” But Mr. Ali, the store’s former manager, said, “That was untrue,” at least while he worked there. The store met its profit and shrinkage goals during his four years as manager, which ended in 2012, years before the store closed.

Still, Mr. Ali, now the executive director of a youth mentoring group, acknowledged challenges that he said were unique to a store in a “hyper-urban area.”

A significant amount of inventory was once damaged in a fire in a storage area next to the store, and the company had to spend $30,000 a month for an armed Baltimore police officer to keep watch, he said.

There may have been additional considerations. “I think what happened after Freddie Gray spooked Target,” Mr. Ali said.

Other national chains reacted differently. TGI Fridays stuck with its plans to open a restaurant at the Mondawmin Mall, months after the protests. The restaurant remains one of the neighborhood’s only free-standing, sit-down chain restaurants.

Mr. Mosby and other officials tried to negotiate with Target to keep the store open, but the company said its mind was already made up.

“They weren’t interested in talking to us,” Mr. Mosby said. “They wouldn’t budge.”

The temperature gauge outside Pastor Lance’s car registered 103 degrees as he drove through Greater Mondawmin and its surrounding neighborhoods. He was wearing a white shirt emblazoned with his church’s logo — a group of people, of all races and backgrounds, walking toward the sun, holding hands.

A Baltimore native, Pastor Lance used to work as a computer programmer at Verizon. He made “lots of money,” he said. “But I didn’t feel fulfilled.”

He became a pastor and took over a nonprofit company that develops park space and playgrounds and hosts a summer camp for schoolchildren with a garden surrounded by a meadow near the mall.

“But some days, I wonder if I made a mistake,” he said. “It’s great to have a park, but if you don’t have a good job, you aren’t going to be able to enjoy a park.”

He drove along a street with liquor stores and houses with boarded-up windows. A woman tried to flag him down for a ride. But the poverty he saw was not what made him most upset.

It was when Pastor Lance steered through an enclave of big houses and immaculate lawns, only a short distance away, that the anger rose in his voice.

“You are telling me that these people wouldn’t shop at Target for lawn furniture or school supplies,” he said. “I am not trying to gloss over the problems, but there is also wealth here.”

“If shrinkage was a problem, hire more security guards or use technology to stop people from stealing,” he added.

He circled back to the Mondawmin Mall, where families ducked into the air conditioning for a bubble tea or an Auntie Anne’s pretzel. He drove past the TGI Fridays and then past the Target, its windows still covered in plywood and the trees in the parking lot looking withered and pathetic.

Pastor Lance refused to accept that a Target could not succeed here.

“If you are really interested in equity and justice,” he said, “figure out how to make that store work.”

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The Netherlands’ Eurovision entry featured a Black Lives Matter moment.

Jeangu Macrooy, the Netherlands’ entry, takes the stage to sing “Birth of a New Age,” a song penned in response to the police killing of George Floyd and the subsequent resurgence of the Black Lives Matter movement worldwide.

“Skin as rich as the starlit night / Your rhythm is rebellion,” the gospel-influenced song begins, saluting the protesters who demanded justice for Floyd last year.

In the chorus, Macrooy switches from English to Sranan Tongo, the language of his native Suriname, a South American country that was once a colony of the Netherlands. “Yu no man broko mi,” he sings, over and over: “You can’t break me.”

Eurovision is well known for songs that take stands on social or political issues. In 1971, Germany’s Katja Ebstein sang “Diese Welt” (“This World”), a pro-environment track that was radical for its time. More recently, acts have pushed for gay, lesbian and transgender rights in Europe.

So it’s great to see Macrooy continuing that trend — although, sadly, he has almost no chance of winning. Few countries ever win Eurovision twice in a row. Ireland did three times in the 1990s, but by the third time they were desperate not to win again. The winner hosts the next year’s show, and it was starting to get expensive.

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New York Times Q1 2021 Earnings

No doubt, President Biden has lowered the temperature of the nation after four years under Donald J. Trump, a tumultuous period capped by the worst pandemic in a century. He may have also lowered interest in the news. For the first quarter, The New York Times Company recorded its smallest gain in new subscribers in a year and a half.

The Times reported a total of 7.8 million subscribers across both print and digital platforms, with 6.9 million coming for online news or its Cooking and Games apps. The company added 301,000 digital customers for the first three months of the year, the lowest increase since the third quarter of 2019.

The Times is still on a path toward its goal of reaching 10 million subscribers by 2025, and it has improved its profit margins as its digital business — which costs less than print — continues to rise.

The company reported adjusted operating profit of $68 million, a 54 percent jump from last year, as it generated more dollars from each subscriber, partly because of the expiration of promotional rates as the new year rolled over. Total revenue rose modestly, about 6.6 percent, to $473 million. Online subscriptions and digital advertising together rose 32 percent, to $239 million, and the print business continued its steady decline.

newly formed union of tech and digital employees. In an email sent to the staff April 22, Ms. Levien effectively declined, saying employees should hold a formal vote. Union representatives replied that they had already voted when a majority of tech employees signed union cards.

The company’s cash pile remains high, at more than $890 million, and its free cash flow — a measure of a company’s financial heft — has risen steadily over the last three years. In 2020, it averaged about $65 million in free cash flow each quarter, according to data compiled by S&P Capital IQ.

The Times has also increased dividend payouts to shareholders every few years. It now pays 7 cents a share each quarter, which costs about $46.8 million a year, payments that benefit the Ochs-Sulzberger family that controls The Times.

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L.A. Times Names Kevin Merida Executive Editor

When Mr. Merida started at The Undefeated, it was a stalled digital project with an unhappy staff — a would-be publication that, even after a nearly two-year development period, existed only as a web page with links to 19 articles.

He got The Undefeated up and running, quickly establishing its editorial identity. The site’s relevance grew as prominent Black athletes embraced activism amid the rise of the social justice movement after the police killings of George Floyd, Breonna Taylor and others.

In his first editor’s letter at The Undefeated, Mr. Merida held up the example of his father, Jesse Merida, as someone who refused to be defeated by pervasive racism and the limited opportunities that went with it.

His father, he wrote, had gotten a degree in geology at what is now Wichita State University and did not listen to those who advised him to go into teaching rather than trying for a career in the more closed-off world of science. He ended up “earning his living as a janitor at one point while waiting for his opportunity,” Mr. Merida wrote, and was finally hired as a technician with the U.S. Geological Survey, a job that led to a long career, among mostly white researchers, with the Smithsonian Institution.

At the Disney-owned ESPN, Mr. Merida became a close adviser to Jimmy Pitaro, the network’s chairman, and served as the chair of ESPN’s editorial board. He also played integral roles in its newsroom, helping oversee its investigative coverage and the television shows “E:60” and “Outside the Lines,” while also managing its standards team.

Mr. Merida, who was born in Wichita, Kan., grew up in the Washington area, where he still lives. He is married to the author Donna Britt, who has worked as a reporter and columnist at The Washington Post, USA Today and The Detroit Free Press.

He studied journalism at Boston University and started his career as a reporter for The Milwaukee Journal. After a decade at The Dallas Morning News, he joined The Post in 1993 as a congressional reporter.

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Chloé Zhao and ‘Nomadland’ Win at 2021 Oscars

LOS ANGELES — A surreal 93rd Academy Awards, a stage show broadcast on television about films mostly distributed on the internet, got underway on Sunday with Regina King, a former Oscar winner and the director of “One Night in Miami,” strutting into a supper-club set.

“It has been quite a year, and we are still smack dab in the middle of it,” she said, referencing the pandemic and the guilty verdict in the George Floyd murder trial. “Our love of movies helped to get us through.”

With little more preamble, Oscar statuettes were handed out, with Emerald Fennell, a first-time nominee, winning best original screenplay for “Promising Young Woman,” a startling revenge drama. The last woman to win solo in the category had been Diablo Cody (“Juno”) in 2007.

“He’s so heavy and so cold,” Fennell said about the gold-plated Oscar statuette in an impromptu speech that revisited one she wrote when she was 10 and loved Zack Morris in the television series “Saved By the Bell.” “They said write a speech. I’m going to be in trouble with Steven Soderbergh,” she said.

overwhelmingly white and male, but the organization has invited more women and people of color into its ranks following the intense #OscarsSoWhite outcries in 2015 and 2016, when the acting nominees were all white. This year, nine of the 20 acting nominations went to people of color.

As expected, Daniel Kaluuya was named supporting actor for playing the Black Panther leader Fred Hampton in “Judas and the Black Messiah.”

“Bro, we out here!” Kaluuya shouted in celebration before growing serious and crediting Hampton (“what a man, what a man”) and ending with the cri de coeur, “When they played divide and conquer, we say unite and ascend.”

Hollywood wanted the producers of the telecast to pull off an almost-impossible hat trick. First and foremost, they were asked to design a show that prevented the TV ratings from plunging to an alarming low — while celebrating movies that, for the most part, have not connected widely with audiences. The producing team, which included the Oscar-winning filmmaker Steven Soderbergh (“Traffic”), also hope to use the telecast to jump-start theatergoing, no small task when most of the world has been out of the box office habit for more than a year. Lastly, the producers needed to integrate live camera feeds from more than 20 locations to comply with coronavirus safety restrictions.

red carpet had to be radically downsized and the extravagant parties canceled.

For the first time, the academy nominated two women for best director, recognizing Chloé Zhao for “Nomadland,” a bittersweet meditation on grief and the American dream, and Fennell for “Promising Young Woman,” about the aftermath of a sexual assault. The other nominated directors were David Fincher for “Mank,” a black-and-white love letter to Old Hollywood; Lee Isaac Chung for “Minari,” a semi-autobiographical tale about a Korean-American family; and, in a surprise, Vinterberg for “Another Round.”

Zhao had already been feted for her “Nomadland” direction by nearly 60 other organizations, including the Directors Guild of America and the British Academy of Film and Television Arts. In 93 years of the Academy Awards, only one woman, Kathryn Bigelow, has ever won. (Bigelow was celebrated in 2010 for directing “The Hurt Locker.”) The directing category has also been dominated over the decades by white men, giving the nomination of Zhao, who is Chinese, even greater meaning.

sharp-elbowed awards campaigners keep whiffing in the end.

Last year, the company’s best-picture hopes rested on “The Irishman.” It failed to convert even one of its 10 nominations into a win. In 2019, Netflix pushed “Roma.” It won three Oscars, including one for Alfonso Cuarón’s direction, but lost the big prize.

ending his popular, nine-film “Madea” series in 2019, Perry has focused on making television shows like “Bruh,” “Sistahs” and “The Oval” for BET. He owns a studio in Atlanta.

The Dolby Theater, which holds more than 3,000 people and has been the home of the Academy Awards since 2001, was not the epicenter of the telecast. This year, with just the nominees and their guests in attendance, an Art Deco, Mission Revival train station in downtown Los Angeles served as the main venue.

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Chauvin Verdict Draws More Than 18 Million Viewers

More than 18 million people tuned in to cable and broadcast networks for the reading of the verdict in the Derek Chauvin murder trial on Tuesday, a huge viewership total for a late afternoon, according to preliminary data from Nielsen.

An average of four million people watched CNN from 4:30 p.m. to 6:30 p.m., more than double the number of viewers the network drew the previous day in the same time slot, according to Nielsen. Another four million watched on ABC, and 3.4 million saw it on Fox News. MSNBC and CBS each had about three million viewers.

NBC’s viewership totals were not yet available, which means the verdict was likely seen on television by an audience of more than 20 million. And because Nielsen’s numbers do not include people who watched the proceedings on their phones or laptops, the total number of people who watched was certainly even bigger than that.

Viewer interest was strong throughout the three-week trial of Mr. Chauvin, the former Minneapolis police officer who murdered George Floyd last May. On several days, CNN had more viewers during key portions of the trial in the afternoon than it did in prime time, usually its most watched hours.

CNN’s sibling network, HLN, which covered the entirety of the trial, had its highest ratings since its coverage of the George Zimmerman trial in 2013. Mr. Zimmerman was the neighborhood watch volunteer in Florida who fatally shot Trayvon Martin, an unarmed Black teenager.

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More Companies Are Standing Up for Civil Rights

Andrew here. Yesterday’s guilty verdict against George Floyd’s murderer, a former Minneapolis police officer, was a symbol of something profound: a demonstrable shift in the way this country, increasingly supported by business, has strived for civil rights.

As we ponder the meaning of this decision, it is worth recalling a moment in 1965, in the middle of that era’s civil rights movement.

A Wall Street bond firm, C.F. Securities, told Alabama that it would “no longer buy or sell bonds issued by the state or any of its political subdivisions.” Gov. George C. Wallace, who objected to desegregation, had said the state shouldn’t pay for the National Guard to protect Martin Luther King Jr. and protesters in the Selma-to-Montgomery march.

The investment firm’s executive vice president, Donald E. Barnes, wrote to the governor that his failure “to protect the citizens of Alabama in their exercise of constitutional rights” amounted to “discouragements to Alabama’s economic future.” He insisted that the move was based on economic risk, but the letter made clear it was about more than that.

paid time off on Juneteenth; the N.B.A. emblazoned the words “Black Lives Matter” on courts; Netflix steered its cash into local banks that serve Black communities; Wall Street banks announced programs worth billions to support Black communities; and just last week, in perhaps the greatest demonstration of the new responsibility business is feeling, 700 companies and executives signed a letter opposing laws that make it harder for people to vote.

“The murder of George Floyd last Memorial Day felt like a turning point for our country. The solidarity and stand against racism since then have been unlike anything I’ve experienced,” Brian Cornell, the C.E.O. of Target, wrote in a note to employees of the Minneapolis-based retailer yesterday. “Like outraged people everywhere, I had an overwhelming hope that today’s verdict would provide real accountability. Anything short of that would have shaken my faith that our country had truly turned a corner.”

You know what? Justice is good for business.

The European Super League has collapsed. Plans to create a closed competition of top soccer clubs fell apart yesterday when six English teams withdrew, bowing to outrage from fans and threats by lawmakers. Shortly after, an official at the Super League said the project had been suspended, ending an effort to upend soccer’s multibillion-dollar economics.

outweigh a small risk of blood clots, but wants a warning added. U.S. regulators will decide whether to end a pause on the vaccine in the coming days.

Goldman Sachs releases worker diversity data. The Wall Street bank disclosed for the first time how many of its senior U.S. executives are Black: 49 out of more than 1,500. Banks agreed last year to publish more information about their work forces; Morgan Stanley has an even smaller share of Black executives than Goldman.

Apple’s new products raise competition concerns. The tech giant unveiled new iPads and iMacs, and a revamped podcast app. But its new AirTags, which attach to items to help find them, was criticized by the C.E.O. of Tile, which makes a similar product. Apple also said it would roll out new iOS privacy features — criticized by Facebook and other app makers — next week.

Lina Khan’s nomination to the Federal Trade Commission is one of the clearest signs of progressive influence in the Biden administration. A Columbia University scholar who worked on a major congressional report about Big Tech and antitrust last year, Ms. Khan is a star in the constellation of competition law experts known as “antimonopolists.” Her confirmation hearing with the Senate Commerce Committee is today.

power of internet giants, which could win her some conservative support. Having a “strong” perspective probably isn’t an obstacle to confirmation, Mr. Hoffman said.

Big Tech will be a likely focus at the hearing. But this would be a “disservice” to Ms. Khan, according to Mr. Hoffman. “At the F.T.C., a lot of the agenda is reactive,” he said. Companies file merger paperwork and regulators respond, whatever the industry. Ms. Khan has a broad perspective on competition law, Mr. Hoffman said, and today would be “a fair time” to ask what “objective standards” she’d apply.


— Ari Emanuel, the outspoken C.E.O. of the entertainment conglomerate Endeavor, speaking in a New Yorker profile about returning an investment from Saudi Arabia after the killing of Jamal Khashoggi. Separately, Endeavor disclosed yesterday that it hopes to be valued at more than $10 billion in an I.P.O.


Canadian National Railway yesterday offered to buy Kansas City Southern for $33.7 billion, topping a $29 billion bid last month by its rival Canadian Pacific. They’re jockeying over the chance to create the first railroad connecting major ports from Canada to Mexico. The bidding war reflects bullishness about an industry poised for growth if a post-pandemic boom ushers in this generation’s “Roaring Twenties.”

antitrust concerns made the counterbid “illusory and inferior.” Kansas City Southern said it would evaluate the new bid in accordance with its agreement with its original suitor.

mixed reception from freight shippers, who suffered in the last round of consolidation. And we haven’t yet heard from Senator Amy Klobuchar, who heads the antitrust subcommittee and represents key industrial interests in Minnesota.


The public listing of Coinbase, the largest crypto exchange in the U.S., generated a wave of excitement that competitors aim to ride. Among them is Binance.US, the third-ranked domestic crypto exchange, which yesterday named Brian Brooks — formerly Coinbase’s chief counsel and most recently acting U.S. comptroller of the currency — as C.E.O., beginning in May. “There’s a lot of buzz about my former employer, which is well-deserved,” Mr. Brooks told DealBook about Coinbase. “But it’s in everybody’s best interest if there’s more competition.”

Mr. Brooks’ first task is building trust with regulators. He says “managing reputation” is his biggest concern. Binance has shifted its operations throughout Asia since it was founded in 2017, and some say it played fast and loose with rules. The C.F.T.C. was reportedly investigating the company for allowing U.S.-based customers to trade crypto derivatives, which is banned (the agency declined to comment). Mr. Brooks insists he did “a lot” of due diligence on his new employer and dismisses “loose talk” about the exchange flouting regulations.

Binance.US sees potential to lead in undeveloped areas of the American crypto landscape, like derivatives and lending. Mr. Brooks said the company can learn from competitors like Coinbase and Kraken — and challenge them. That is, if he can convince regulators to bless its efforts to bring crypto into the financial mainstream, a preoccupation of players across the industry.


Yesterday, JPMorgan Chase’s co-heads of investment banking, Jim Casey and Viswas Raghavan, announced policies aimed at improving working conditions amid record deal volume and banker burnout. The company has attempted similar things before. DealBook spoke with Mr. Casey about the latest plan — and whether this one will stick.

JPMorgan has recently hired 65 analysts and 22 associates, and plans to add another 100 junior bankers and support staff, Mr. Casey said. It’s targeting bankers at rival firms, as well as lawyers and accountants interested in a career switch.

similar efforts to protect junior bankers’ hours in 2016, but “it wasn’t stringently enforced,” Mr. Casey said. Why not? “Laziness.” This time, junior bankers’ hours and feedback will figure in senior manager performance evaluation and compensation.

“It’s not a money problem,” Mr. Casey said, so there won’t be one-time checks or free Pelotons after a rush. Junior bankers will get their share of the record $3 billion in fees JPMorgan earned in the first quarter.

Some things won’t change. Because banking is a client-service job, managers sometimes have limited control over workloads and hours. “You might do 100 deals a year, but that client only does one deal every three years,” Mr. Casey said.

How the bank will measure success: “Ask me what our turnover ratio has gone to and I will tell you,” Mr. Casey said. The goal, he said, is “lower.”

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A Very Rare Conviction

The murder conviction of a police officer is an exceedingly rare event.

There have been only seven murder convictions of officers for fatal police shootings since 2005, according to Philip Stinson of Bowling Green State University. That suggests the chances of a killing by the police leading to a murder conviction are about one in 2,000.

Yet a jury in Minneapolis yesterday convicted Derek Chauvin of second-degree murder (as well as two other charges) for killing George Floyd last May. A typical sentence for that felony in Minneapolis is 12½ years in prison, although prosecutors have asked for more and the maximum is 40 years. A judge will sentence Chauvin in about eight weeks.

Floyd’s relatives said they felt relieved by the verdict. “I finally have the opportunity to hopefully get some sleep,” Philonise Floyd, George’s brother, said.

Chauvin’s conviction does not automatically signal a new era of police accountability. The Floyd case was the exception of all exceptions. A video, watched around the world, showed Chauvin pressing his knee onto Floyd for more than nine minutes. That footage led to weeks of protests that were among the largest in U.S. history. And at the trial, the so-called blue wall of silence — that is, many officers’ willingness to protect colleagues, regardless of their misbehavior — crumbled. “For so many, it feels like it took all of that for the judicial system to deliver just basic accountability,” President Biden said late yesterday.

that have not lead to a murder or manslaughter conviction.

Still, the Chauvin trial is not guaranteed to be simply a one-off event, either. Some of the same factors that make it distinct could also cause it to have a wider impact. Before Floyd’s death, it was hard to think of a signature trial of an American police officer, one that received sustained national attention, as the trial of a celebrity might.

This trial, of course, did receive such attention. Television networks halted their normal coverage yesterday to broadcast the verdict, and the president of the United States organized his schedule around it.

That attention has made it clear that a police officer can be charged with murder and convicted of it. It’s an idea that will linger in the minds of prosecutors and future jurors. Perhaps most important, it may affect the thinking of other officers, when they find themselves considering whether to use physical force when it is not necessary.

The Times’s Kevin Roose writes.

Lives Lived: In 1980, Chuck Geschke and a colleague created a way to send documents between a computer and a printer. The company they founded, Adobe, got the attention of Apple, and the rest is history. Geschke died at 81.

turned to gardening last year, fueled by a desire for a hobby, self-sufficiency, or both. Celebrities and other brands took notice: Kate Hudson’s vodka brand teamed up with a plant delivery service to release a potted “love fern.” HGTV added shows on gardening, like “Martha Knows Best,” Martha Stewart’s reality series about life on her estate in Bedford, N.Y., and a coming topiary competition series.

writes in The Times. “Someone needs to explain the difference between a shovel and a spade.”

play online.

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U.N. Panel Calls British Report on Race a Repackaging of ‘Tropes’

GENEVA — United Nations human rights experts on Monday issued a devastating critique of a report on race published last month by the British government, accusing its authors of repackaging racist tropes, distorting history and normalizing white supremacy.

“In 2021, it is stunning to read a report on race and ethnicity that repackages racist tropes and stereotypes into fact, twisting data and misapplying statistics and studies into conclusory findings and ad hominem attacks on people of African descent,” the U.N. Working Group of Experts on People of African Descent said in a statement that was endorsed by another U.N. expert monitoring contemporary forms of racism.

The British report, which was commissioned by Prime Minister Boris Johnson in response to the outpouring of protest that followed the killing of George Floyd by a Minneapolis police officer, concluded that Britain did not suffer from institutional racism and instead offered “a model for other white-majority countries.”

Racism still existed but discrimination in Britain, it argued, was more a result of socio-economic inequities than skin color.

The five-member United Nations panel, chaired by an American attorney and rights activist, Dominique Day, and including human rights experts from the Caribbean, Africa and Asia, said the report drew on dubious evidence to rationalize white supremacy and ignored the findings of other United Nations panels and human rights experts.

It agreed that racial disparities may not always stem from racism or racial discrimination, but asserted “there is also compelling evidence that the roots of these disparities lie in institutional racism and structural discrimination as they clearly do not reflect the preferences or priorities of the communities facing structural disadvantage.”

The panel urged the British government to categorically reject the findings of its commission, warning that its historical distortions and falsehoods “may license further racism, the promotion of negative racial stereotypes, and racial discrimination.”

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