GoPro CEO’s promise to a college friend just cost him $229 million

Precious virtue! #KeepingPromises

Fortune

GoPro’s top executive Nick Woodman, the highest paid CEO in the U.S., is generating headlines for keeping his word — even if it costs him millions of dollars.

Woodman, who steers camera maker GoPro [fortune-stock symbol=”GPRO”], saw his fortune drop by $229 million this week after he returned 4.7 million shares to the company, according to a Bloomberg report. He was handing back the shares as part of an agreement he struck with the company for stock options that were granted to Woodman’s college roommate Neil Dana, who attended the University of California at San Diego with Woodman.

Why was Woodman so generous? Well, he was making good on a verbal agreement he struck with Dana more than a decade ago, when he agreed to share 10% of any proceeds he received from the sale of GoPro shares held by Woodman. The terms of this promise were even disclosed…

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Wanted: Highly skilled tech workers, $100,000-plus salary, no college required

Fortune

While the debate over the value of a college education goes on, a peculiar trend is picking up speed in the IT job market. Shortages of certain skills have become so severe that they’re making formal education irrelevant.

The latest case in point: A fast-growing discipline known as DevOps, aimed at coordinating all of a company’s IT operations in a single, nimble system that can streamline operations, speed up the development of new software, and incorporate data security at every step.

For people interested in DevOps, a degree in computer science or software engineering is nice to have, says Alan Shimel, editor-in-chief of DevOps.com, a career site devoted to the field. But it won’t get you hired. “Hands-on experience with actual tools and projects is really the only thing that matters.”

DevOps specialists with only a high school diploma, but with the right experience, now earn a median salary of…

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This woman’s resume got her a job at Airbnb right away

Never give up. In your quiet downtime moments, the biggest breakthrough thoughts could arise. Good for this lady!

Fortune

One San Francisco resident really wanted to work for Airbnb, so she created a resume parroting the website.

Nina Mufleh, who was born in the Middle East, tried applying to work at Airbnb numerous times before. In desperation, she attempted a different tactic: submitting a creative website that highlighted Airbnb’s much-needed growth in Middle Eastern countries, while also illustrating her knowledge of the travel industry.

The resume immediately caught the eye of CEO Brian Chesky as well as a recruiter, who said he’d be in touch with her.

Mufleh even got attention from Queen Noor of Jordan.

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Target admits Lilly Pulitzer line was supposed to have lasted weeks

Lessons learned in Marketing & Sales strategy, no matter what one does at whatever level!

Fortune

Target [fortune-stock symbol=”TGT”] was the victim of its own success.

The web site snafus and quick sell-outs of its line of Lilly Pulitzer beachwear on Sunday showed how the discount retailer still has the magic touch when it comes to design collaborations, even as they earned Target a lot of brickbats on social media from shoppers stymied by target.com’s fail.

It wasn’t supposed to be that way. Target’s chief merchandising and supply chain officer Kathee Tesija said that the company, which clearly underestimated demand despite weeks of tracking social media, had planned to offer the 250-item limited-time, limited-supply collection for weeks. Instead, the collaboration lasted mere hours.

Target intended to begin selling the collection sometime after midnight on Sunday, but kept postponing the start so it could cope with overwhelming Black Friday-like web traffic. By mid morning Sunday, the Lilly Pulitzer merchandise was largely sold out and some pieces started…

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This college is for tech geeks — and 97% get hired

“For students willing to skip summers off and a social life, Neumont University is a viable alternative to four-year college”

Fortune

“I had a blast in high school, but I didn’t think it was preparing me for real life,” says Korvyn Dornseif. The son of German immigrants who instilled in him the idea of a no-nonsense, practical education, Dornseif looked at a few conventional four-year colleges before settling on Neumont University in Salt Lake City, where he graduated with a bachelor’s degree in two years and his master’s in three.

“What appealed to me was that Neumont bases its curriculum on feedback from employers, and they start to talk about your career as soon as you get there,” says Dornseif, 29, who is now a vice president of project management at a division of global human resources consultant Towers Watson. “And the course work requires you to work on a team in a real company, so you graduate with experience.”

At a time when the return on investment in a traditional…

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Why women are better investors than men

What do you think? #reflections

Fortune

In her new Netflix special, Freezing Hot, comedian Iliza Shlesinger focuses on the things women rely on men to do for them … like finding the car in a crowded parking lot and giving them the weather report first thing in the morning. (“Babe, is it cold outside?,” Shlesinger asks.)

Here’s something men might want to rely on women for: money management advice. Two new pieces of research note that when it comes to both saving and investing, women are once again kicking butts and taking names.

First, women save more. Research from Fidelity Investments showed that while men save 7.9% of their salaries, women save 8.3%. That may not sound like a lot, but it adds up to hundreds of dollars a year and tens of thousands over a lifetime of saving.

Second, women are more successful investors. Terrance Odean and Brad Barber, who conducted the seminal piece of…

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Here’s the most important thing Mark Zuckerberg asks before hiring someone

Fortune

Mark Zuckerberg has some advice you probably don’t want to miss: “I will only hire someone to work directly for me if I would work for that person,” the young CEO told an audience at the Mobile World Congress in Barcelona, as reported by the Telegraph.

He cautioned, however, that “Facebook is not a company for everyone in the world.”

Zuck had some management advice, too:

The most important thing is to keep your team as small as possible. [Facebook] serves more than a billion people around the world but our team has fewer than 10,000 people.

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