For anyone who has ever experienced what an internship is like, basically you're doing all the menial stuff in exchange for "experience," which translates to not getting paid. Sure it can lead to other opportunities, but not many people can afford to work for free in this economy.
So when this copy of an unpaid job listing hit Facebook, it caused plenty of controversy since it involved Sheryl Sandberg's Lean In Foundation. In case that name sounds familiar, Sandberg is also the Facebook COO, who managed to rake in $91 million last week. With that kind of money, you would think they'd have more than enough to pay their interns.
The editor-at-large had tried to delete the listing, but not before the unhappy comments rolled in. Bennett has since posted that the job listing was not "official" and that everyone should take a chill pill since other non profit foundations also hire their interns for free.
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In finance and business, the term "KYC" or "Know Your Customer" has grown into a keystone principle. KYC refers to the processes employed by institutions to verify the identity of their clients, ensuring that they're not inadvertently involved in money laundering, terrorism financing, or other illicit activities. This system was traditionally rooted in face-to-face interactions and a paper trail of credentials. Due to rapid technological advancements in the digital age, identity verification has undergone significant transformations, adapting to new technologies and addressing the escalating demand for speed, accuracy, and security. Read more
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