WeDone with Neumann, says WeWork board; Americans saving more from less tax, and other top news

The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments. 

Some WeWork board members, including its largest investors SoftBank, are looking to oust Adam Neumann as chief executive officer, The Wall Street Journal reports, citing anonymous sources. The We Company, parent of the office-sharing company, has floundered in recent months. The company burned through over $2 billion in 2018, with its current expected valuation falling to roughly a third of its valuation in early 2019 ($47 billion). It has also postponed its initial public offering until at least October; all of which has painted a not-so-hot picture of WeWork, with the board hoping new leadership may turn the tide. ? Here’s what people are saying. 

Americans are saving more of their after-tax income than they have since 2012. The personal-saving rate previously plunged to 3.7% during the housing bubble in 2007, before drifting up to 6.5% in 2010. That rate has inched up steadily since, hitting an average 8.2% in the first half of 2019. Economists say the figures suggest it's likely Americans are preparing for a potential recession, with recent tax cuts being poured into savings rather than disbursed at big box retail chains. ? Here’s what people are saying. 

Uber is suing New York City over a “cruising cap” that limits how much time its drivers can spend in their cars without passengers. The ride-hail company claims the new rule, introduced last month to reduce street congestion, is “arbitrary” and will lead to a decrease in pay for drivers and longer wait times for passengers. It’s the second time this year that Uber has sued NYC, after it sought to overturn the city’s law capping the number of ride-hail drivers in February. ? Here’s what people are saying. 

U.K. travel giant Thomas Cook has collapsed, putting more than 20,000 jobs around the world are at risk and affecting around 600,000 vacationers globally. The U.K.'s Civil Aviation Authority is making plans to repatriate approximately 150,000 British on vacation after the 179-year-old tour operator, hit by the rising cost of fuel, increased competition online and Brexit concerns, entered compulsory liquidation Sunday night. ? Here’s what people are saying. 

The word "nice" often gets a bad rap, especially for women in the workplace, with studies showing that women who display acts of niceness on the job can often be viewed as less competent. This has damaging ramifications for us all, argues Quartz. Kindness — often viewed as a feminine quality — has been "systematically devalued" in the workplace, not just setting women up to fail, but also setting companies up to fail, it says. ? Here’s what people are saying. 

Idea of the Day: Admitting failure plays a big role in what it takes to build a strong company culture, says Stephen A. Schwarzman, Chairman, CEO & Co-Founder of the Blackstone Group.

“Failure is the best teacher in an organization. Build a culture that speaks openly about failures and analyzes what went wrong.”

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