{"id":585901,"date":"2023-05-01T00:00:00","date_gmt":"2023-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/is-the-office-gossip-culture-creating-a-toxic-work-environment-plus-new-moguls-make-money-fast\/"},"modified":"2023-05-01T00:00:00","modified_gmt":"2023-05-01T00:00:00","slug":"is-the-office-gossip-culture-creating-a-toxic-work-environment-plus-new-moguls-make-money-fast","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/01\/is-the-office-gossip-culture-creating-a-toxic-work-environment-plus-new-moguls-make-money-fast\/","title":{"rendered":"Is the office gossip culture creating a toxic work environment? Plus: New moguls make money fast"},"content":{"rendered":"

<\/span>Even with hybrid or fully remote work setups, office politics woes are still a fixture of<\/span> business life:<\/span> \u201cToxic personalities\u201d in the workplace are just as pervasive in the post-covid era, a survey of 800 US employees found, according to <\/span>Bloomberg<\/a><\/span>. Those surveyed cited an uptick in coworkers sucking up to their superiors, in hopes of making sure their work is acknowledged, since virtual work makes it \u201cmore difficult to get quality time with managers,\u201d Pepperdine University professor and co-author of the study Dana Sumpter said. More than a third of the survey respondents reported behaviors such as<\/span> rumor spreading, excessive flattery towards bosses, blame-gaming, backstabbing, and credit snatching, while half of those polled expressed the pressure felt to partake in these behaviors. Perhaps more tellingly, a quarter of respondents have actually left a job because of these behaviors.<\/span><\/p>\n

The solution? <\/span>Hostile behavior could be eliminated once managers take control of the situation<\/span> by eliminating factors that encourage these toxic habits, while praising positive behaviors like collaboration and ethical social behavior, Sumpter tells the business information service. <\/span><\/p>\n

Finding the silver lining: <\/span>The survey found that spreading rumors could help shed light on<\/span> what\u2019s happening behind the scenes, spreading awareness among workers. It also highlighted that sucking up i<\/span>s<\/span> part of social conventions which improve communication flows. <\/span><\/p>\n

<\/p>\n

\n

<\/span>The world\u2019s top computer-led trading firms are behind a new class of megarich<\/span>,<\/span>Bloomberg<\/a><\/span>reported last week. And they\u2019re making their fortunes differently: Unlike Warren Buffet and Steve Schwarzman, the new moguls are making a lot of money, fast. While they have not yet surpassed Buffet in terms of wealth, their risky innovations \u2014 including heavy reliance on technology \u2014 are paying off handsomely as they follow financial trends. <\/span><\/p>\n

Hedge fund management company Citadel is at the helm of the market<\/span>, with<\/span> USD 59 bn in<\/span> equities, commodities and more made USD 16 bn in bottomline for clients last year. Ken Griffin, the company founder and CEO, is worth an estimated USD 35 bn. Griffin is followed by Jeff Yass, the founder of Susquehanna International Group \u2014 a derivatives-focused trading firm \u2014 whose fortune is estimated at USD 33.1 bn. Binance CEO Changpeng Zhao comes third with USD 28.2 bn, which he earned from the crypto exchange company. <\/span><\/p>\n

But where are the women? <\/span>The list, which comprises 26 finance tycoons, does not feature any<\/span> women. Also, it excludes people who\u2019ve been previously listed among the richest 300 in 2013 for a more updated outlook, retirees, people who\u2019ve inherited money that contributes significantly to their current standing, and individuals over the age of 70. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Toxic behavior in the workplace drives many to quit, one survey finds<\/p>\n","protected":false},"author":1,"featured_media":585902,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[633,638,1120],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-enterprisepm","tag-for-your-commute","tag-office-life","wpautop","entry"],"acf":{"mongo_id":"67196055-409e-4dbe-b213-10ec602c62b2","is_powered_by":false,"story_type":"1","photo_url":"http:\/\/enterprise.press\/wp-content\/uploads\/2021\/05\/The-Office-1600px.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[585896],"teaser":"Toxic behavior in the workplace drives many to quit, one survey finds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.67b8377a-43e3-4179-9282-11c19f32881e.mp3"},"yoast_head":"\nIs the office gossip culture creating a toxic work environment? 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