DE Shaw’s New Employee Contracts VS. Mr. Michalow

In May of 2018 a manager who worked at DE Shaw was fired because of accusations that he was sexually inappropriate with multiple female employees. Because of that situation it revealed a hedge fund. Now DESCO is still dealing with what was recently brought into light. This is how DE Shaw is addressing the issue.

The company has decided to give all their employees to sign a new agreement that has non-compete terms. If anyone does not sign it or chooses not to, they will be immediately fired. They will be able to keep the compensation that the employees would usually have to give up.

The managers that work there disagreed with what the firm is doing. Since they have one of the largest hedge funds that uses algorithms to trade, they wanted to make it work with common hedge funds.

They decided to do it on September 16th because of the previous manager that had gotten fired Mr. Michalow. Since he had left in March of last year for him to be able to hire DE Shaw employees, he has to wait 18 months since his last date of employment because of restrictions to interference. DE Shaw claims this is purely a coincidence. The article says that it is strange for them to open a door like that the second Mr. Michalow can work again.

The article asks if Michalow really did do the acts he did why would they be getting rid of so much talent during such a time period. It is also hard to understand why so many people will take a smaller check than stay at a hedge fund that can still pay very high.

However, DE Shaw showed that total comp with end up making everyone who is leaving or staying go through hard times. The scenario could end up very bad for DE Shaw which more employees refuse to sign and go to work with Mr. Michalow.

The Academy of Art University: A Hot-Bed of Talent

The Academy of Art University is accredited as one of the best in nurturing talent and helping as well as realizing potential stars. Initially founded in 1929 by Richard S Stephens as the Academy of Advertising Art it has over the years evolved to become a fully-fledged institution that offers other credible programs ranging from fashion and design to animation and film production.

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Located at the heart of one of the most beautiful cities in the world, San Francisco, it has fortified its presence not only in America but the world as one of the leading artistic centers. Today, the school has about 11,000 students and over 1200 teaching and non-teaching staff. Its open and less restrictive admission has played a significant role in its growth.

Sports has been one of the stand-out programs in the school as some of the most talented sportsmen in baseball and tennis who have since gone on to pursue careers in their respective sports-areas credit their time at the school as life-changing.

One of the most notable efforts and display of the talents nurtured here is during their Annual Spring Show.

Each year the Academy attracts top Industry leaders from all over the world to witness the artistic talent in its majesty. This show portrays the different array of skills that the graduating students have to offer; from Architecture to Photography, entrepreneurship, filmmaking, and problem-solving, among others at full display.

This event gives the students a chance to woo potential employers or investors. Among the top priorities being to create a platform to network as the Academy believes that building relationships and Networks is the key to success.

A clear picture of this effort is seen in their School of Animation & Visual Effects, which sees most of the graduating students incorporated into the job market through VFX companies which are present during the annual show. Other industry big wigs like Disney, Industrial Light, and Marvel grace the event, in search of the up and coming talent they can incorporate.

This Annual Spring show has proven time and again to be a hot-bed of immense talent and creativity which with proper guidance and discipline are game-changers in their respective fields. Students who enroll have an array of programs to choose from where they feel most suited. Being one of the largest privately-run schools, the future looks bright for the Academy and its students.