logo
Shark Tank star Kevin O'Leary blasts the 4-day week as the ‘stupidest idea' because the digital economy means we're always working

Shark Tank star Kevin O'Leary blasts the 4-day week as the ‘stupidest idea' because the digital economy means we're always working

Yahoo5 hours ago

Millionaire judge Kevin O'Leary isn't a fan of the shift to a four-day workweek, laughing off the idea in a recent Fox News appearance. Instead, he said in today's modern workplace, everything is project-based, and tasks need to be completed by their deadline: 'There's no such thing as a workweek anymore.'
If you have dreams of never working Fridays again, you may want to lower your expectations—at least if you work for Mr. Wonderful.
Shark Tank star Kevin O'Leary, who's known for his blunt communication style, was asked about a growing trend among workers for a four-day workweek. It's something that France, in particular, is exploring, on top of already capping work at 35 hours.
'That's the stupidest idea I have ever heard,' O'Leary told Fox News.
'I think we should let the French go to a two-day workweek and then kick their ass internationally.'
At the same time, the 70-year-old acknowledged that the traditional 9-to-5, five days a week work schedule is not what it used to be. In fact, with 40% of his staff working remotely around the world, he admitted he doesn't care when his staff does their work—as long as it gets done on time.
'There's no such thing as a workweek anymore anyway on a digital economy, post-pandemic,' he added.
Fortune reached out to O'Leary for comment.
For workers, a four-day workweek is more than just about having a longer weekend; it's about providing extra flexibility and work–life balance, while also minimizing burnout. In fact, some 77% of workers say a four-day workweek, even if it still means working 40 hours, would have a favorable impact on their wellbeing, according to a survey by Gallup.
At Exos, a performance coaching company with over 3,500 employees, a four-day workweek was implemented, and the results were largely positive. Teams were allowed to take one day as a 'You Do You' day, and productivity increased by some 24%. Burnout was cut in half.
Other business leaders have started paying attention, too. About 30% of CEOs are now considering new organization-wide work schedule shifts, like a four or four-and-a-half-workweek, according to a KPMG survey of 100 CEOs of U.S. companies with over $500 million in revenue.
Earlier this year, the Tokyo Metropolitan government began allowing its employees to work only four days a week in an attempt to help alleviate its growing population crisis and allow parents to better balance childcare and work.
The governor of Tokyo, H.E. Yuriko Koike, told Fortune at the Most Powerful Women International summit in Riyadh that a four-day work is key to building a modern workplace.
'We must build a society where everyone can balance work and family life, and one step forward is the four-day workweek,' she said. 'Flexible systems like this allow both women and men to choose a work style that reflects their circumstances.'
O'Leary isn't the only shark eager to share his opinions on hot-button topics affecting the workplace. Daymond John recently posted to TikTok to express his thoughts on a growing trend of 'loud quitting.'
'You see a bunch of people loud quitting, you better pay attention to what's going on with your staff and your team, because you awoke so much emotion that these people have collectively started saying 'I don't care what happens to me, [and] out publicly, this place sucks,'' John said, adding that he thinks 'that's absolutely amazing.'
For workers simply looking for a raise, self-made millionaire Barbara Corcoran shared her thoughts earlier this year.
'You want to prepare for the meeting by making a list of everything you are hired for and then everything you are actually doing right now and share that with your boss,' Corcoran said in an Instagram post.
'Don't go in there and say you want a raise,' she added. 'Say you want a 10% raise and you're in a much better negotiation position to maybe get 8%. Name the number.'
This story was originally featured on Fortune.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Florian Wirtz to Liverpool a ‘done deal' as staggering contract details revealed
Florian Wirtz to Liverpool a ‘done deal' as staggering contract details revealed

Yahoo

time12 minutes ago

  • Yahoo

Florian Wirtz to Liverpool a ‘done deal' as staggering contract details revealed

Liverpool's move to sign Florian Wirtz is a 'done deal', according to the latest reports in Germany. It emerged this week that Liverpool have increased their offer for Wirtz to £113million as they look to seal a club-record deal for the Bayer Leverkusen attacking midfielder. Advertisement That offer falls short of the £125m that Leverkusen are demanding for Wirtz but a fresh report from Bild says an 'agreement is certain'. The report also claims Wirtz is set to earn around a staggering £340,000 a week at Anfield, where he will sign a five-year contract. Wirtz is currently on international duty with Germany (Getty Images) Negotiations continue and Wirtz could undergo a medical next week as Liverpool bid to wrap up a deal. Wirtz has made it clear he wants to move to Anfield and Liverpool are confident a deal will be struck for the 22-year-old. Liverpool are ready to spend big in the transfer market this summer as they bid to strengthen Arne Slot's side after they cruised to the Premier League title last season. Advertisement The Reds are also in talks to sign full-back Milos Kerkez from Bournemouth for between £45m and £50m. They have already agreeed a £29.5m deal for Wirtz's Leverkusen team-mate Jeremie Frimpong. Slot said recently that the champions would be "stupid" not to strengthen this summer. 'There are not many that can strengthen us, but the few that are out there, we will try to get them,' said Slot. 'At this moment in time we're not sure if that's possible.' Luis Diaz, Darwin Nunez and Federico Chiesa have all been linked with moves away from Anfield. Barcelona have had an approach for Diaz rejected.

Trivago watched its revenue forecast plummet from $1 billion to nearly zero—so the company tapped a set of former interns to turn it around
Trivago watched its revenue forecast plummet from $1 billion to nearly zero—so the company tapped a set of former interns to turn it around

Yahoo

time24 minutes ago

  • Yahoo

Trivago watched its revenue forecast plummet from $1 billion to nearly zero—so the company tapped a set of former interns to turn it around

Interns are often brushed off for being at the bottom of the totem pole, but at some companies, it's become a part of the secret recipe for landing a gig in the C-suite. Trivago is part of a list of companies, including Nike, HP, and EY, that have promoted former coffee-fetchers to the top of the corporate ladder. In the matter of a month during the pandemic, travel planning company Trivago's revenue forecast plummeted from $1 billion to virtually zero. It was a 'near-death experience' that resulted in a 'deep winter' for the company, according to CEO Johannes Thomas. Actual revenue sank 70% to 249 million euros in 2020 from 839 million euros in 2019, the latter equivalent to about $940 million at the time. But even as restrictions were lifted and travel surged back, Trivago still had not recovered—and thus it was time for a shake-up in the C-suite. 'After you have a near-death experience and three years of depression, you have a team that doesn't believe anymore,' Thomas, who was brought in as CEO to turn the company around in 2023, tells Fortune. But for Thomas and other executives, what's notable about their experiences is not their most recent roles—it's how they started their careers. Thomas first joined Trivago in 2011 as an intern working in online marketing, and he's quietly assembled other former interns, including Chief Financial Officer Wolf Schmuhl and Chief Marketing Officer Jasmine Ezz. Thomas says having leaders who understand the business and its culture from the ground up are key to returning the company to its former glory. And while Trivago's revenue for 2024 was still half what it was five years ago in 2019, first quarter 2025 revenues increased by 22% to $124 million. While retirees are often known for traveling frequently, one of Trivago's focuses is on young people—and it makes sense considering Gen Z's spending habits. The generation was the only group that reported an increase in year-to-year travel spending between 2023 and 2024, according to Berkshire Hathaway's State of Travel Insurance Report. The average trip was over $11,000. '(We're) trying to build an ecosystem—a culture and environment where young people can grow and where people can thrive,' Thomas says. That's another reason why Trivago's C-suite is not stacked with Gen Xers, but instead millennials who understand how young people think, spend, and travel. According to Thomas, the average Trivago customer is 34 years old, and 20% have families. By focusing on young people as a company, Trivago not only is able to tap into a customer market, but also an employee talent market. 'You get rock stars on the senior level football team,' Thomas says. 'And then you have a second team of young talents that have a chance to grow in this combination we try to execute on.' Trivago is not the only company that realized that those with the strongest roots to their company are the best leaders. Last year, Nike became the latest Fortune 500 company to name a former intern as a CEO. Elliot Hill began at the sports-gear giant at age 19 as an apparel sales intern and has only ever had one company at the top of his paychecks. In a statement last year, Hill said Nike has 'always been a core part of who I am.' HP CEO Enrique Lores, Principal Financial Group CEO Deanna Strable, and EY CEO Janet Truncale all similarly went from fetching coffees as an intern to being promoted to the corner office. And while focusing on hard work as an intern may set your path in motion to one day become chief executive, Lores admits that there's also an element of luck. 'You can be very smart or very good,' he previously told Fortune. 'But you also need to be lucky, and that's a very important thing for all of us to accept.' This story was originally featured on

Tennis great Stan Smith on life lessons, Arthur Ashe's legacy and his namesake shoes
Tennis great Stan Smith on life lessons, Arthur Ashe's legacy and his namesake shoes

Yahoo

time25 minutes ago

  • Yahoo

Tennis great Stan Smith on life lessons, Arthur Ashe's legacy and his namesake shoes

Fancy footwork won him Wimbledon. Simple footwear won him everything since. 'The shoe has had a life of its own,' said Stan Smith, 78, whose eponymous Adidas kicks, with their timeless lines and leather uppers, are the king of all tennis sneakers with more than 100 million sold. 'People from all walks of life have embraced them.' Advertisement Not surprisingly, Smith has a head for business to match his feet for tennis. With that in mind, he and longtime business partner Gary Niebur wrote the just-released 'Winning Trust: How to Create Moments that Matter,' aimed at helping businesses develop stronger relationships with their clients, with tips that readers can apply to their personal relationships and to sports. 'The book is about developing relationships that can elevate the element of trust, which is a depreciating asset in today's world,' Smith said this week in a call from the French Open. When it comes to building and maintaining high-stakes relationships, Smith and Niebur have distilled their process into five key elements they call SERVE, a recurring theme throughout the book. That's an acronym for Strategize, Engage, Recreate, Volley and Elevate. Advertisement For instance, recreate — as in recreation — means to build bonds through fun shared experiences, and volley means to trade ideas back and forth to find solutions. 'When people realize that you care more about the relationship than the transaction,' Niebur said, 'trust follows.' A onetime standout at Pasadena High and USC, Smith was a close friend of the late Arthur Ashe, the UCLA legend whose name graces the main stadium court at Flushing Meadows, N.Y., home of the U.S. Open. This year marks the 50th anniversary of Ashe's victory at Wimbledon, when he beat the heavily favored Jimmy Connors in the 1975 final. Ashe remains the only Black man to win the singles title at that storied tournament. Advertisement 'Arthur was a good friend,' Smith said. 'He made a huge impact, and much more of an impact in the last few years of his life when he was fighting AIDS and the heart fund, and obviously for equal rights.' Arthur Ashe celebrates after winning the Wimbledon men's singles title in 1975. (Associated Press) Ashe, who contracted HIV from a blood transfusion he received during heart-bypass surgery, died in 1993. Although he was four years older than Smith, the two developed a close friendship when they traveled the globe as Davis Cup teammates and rising professionals. Smith has vivid memories of traveling with him, Ashe in his 'Citizen of the World' T-shirt with his nose forever buried in a newspaper or magazine. Smith was ranked No. 1 in the U.S. at the time, two spots ahead of his pal, yet the wildly popular Ashe always got top billing. Advertisement 'When we went to Africa, I was the other guy who played against him in all these exhibitions,' Smith told The Times in 2018. 'They would introduce him as Arthur Ashe, No. 1 player in the U.S., No. 1 in the world, one of the greatest players to ever play the game … and Stan Smith, his opponent.' Smith laughs about that now, but it used to chafe him. Finally, he raised the issue with his buddy. Recalled Smith in that 2018 interview: 'Arthur came up to me and said, 'I'm sorry about that. If we do a tour of Alabama, I'll carry your rackets for you.' He was in tune with everything. 'Arthur was a quiet leader walking a tightrope between a traditionally white sport and the black community.' Advertisement Smith will be at Wimbledon next month, where his UCLA friend will be honored. As for his shoes, they're everywhere, and have been since the 1970s. Adidas originally developed the shoe for French player Robert Haillet in the mid-1960s, and the sneakers were known as the 'Haillet.' In 1972, the company switched to Smith, naming the shoes in his honor and printing a tiny picture of his mustachioed face on them. There were subtle changes to the Haillet, including a notch in the tongue for laces to pass through and a heel better shaped to protect the Achilles tendon. They sold like crazy. In 1988, Stan Smiths made the "Guinness Book of World Records" for the most pairs sold at 22 million. Yet that was only the beginning as sales surged with the release of the Stan Smith II and retro Stan Smith 80s. The most common ones were solid white with touch of green on the back. Advertisement 'Hugh Grant turned around last year in the [Wimbledon] royal box and said, `First girl I ever kissed, I was wearing your shoes,'' Smith told The Times in 2022. 'Another guy said he met this girl when he was wearing my shoes. It was so meaningful that they both wore the shoes for their wedding seven years later. 'It started off as a tennis shoe. Now it's a fashion shoe.' Tennis great Stan Smith with his namesake Adidas shoe. (Sam Farmer / Los Angeles Times) Smith's personal collection has climbed to more than 100 size 13s in all sorts of colors, including his favorite pair in cardinal and black, an homage to his USC roots. In 2022, to commemorate the 50th anniversary of Smith's Wimbledon singles title, Adidas gave all of its sponsored players a pair of shoes with SW19 on the tongue — Wimbledon's postcode — with the date of that match against Ilie Nastase inside the right shoe and the score of the match inside the left. Advertisement At Wimbledon this year, the spotlight swings to the other side of Los Angeles, to an unforgettable Bruin, a sports hero who impacted so many lives. For Smith, his friendship with Ashe was an early example in his career of a relationship forged with trust. The book, incidentally, is affixed with a unique and fitting page marker. A shoelace. Get the best, most interesting and strangest stories of the day from the L.A. sports scene and beyond from our newsletter The Sports Report. This story originally appeared in Los Angeles Times.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store