McKinsey & Company

‘Pretty privilege’: attractive people considered more trustworthy, research confirms

Retrieved on: 
Wednesday, April 10, 2024

Beauty is not, as it is often assumed to be, “in the eye of the beholder” – but follows certain predictable rules.

Key Points: 
  • Beauty is not, as it is often assumed to be, “in the eye of the beholder” – but follows certain predictable rules.
  • The fascination for the perfect makeup or skincare is fired up by the impact of perfect faces displayed on social media and enhanced by image processing and filters.

Pretty privilege

  • Numerous studies have shown that attractive individuals benefit from a beauty bonus and earn higher salaries on average.
  • Beautiful individuals are consistently expected to be more intelligent and thought to be better leaders, which influences career trajectories and opportunities.

Does being attractive make you more trustworthy?

  • In our recent paper Adam Zylbersztejn, Zakaria Babutsidze, Nobuyuki Hanaki and I set out to find out.
  • Previous studies presented different portraits of individuals to observers and asked them about their beliefs about these people.
  • Each player’s payoff thus depended on their own actions and/or the actions of the other player:


If player A chooses “Left”, then regardless of player Bs’ choice:
If player A chooses “Right” and player B chooses “Don’t roll”:
If player A chooses “Right” and player B chooses “Roll”:

  • To do so they were presented with the abstract choice scenario explained above while individually sat in a cubicle.
  • If they decided not to trust, they were sure to receive a meagre 5-euro payout for their participation in the study.
  • However, once an A player decided to trust their B partner, their fate was in the B player’s hands.

Does gender come into play?

  • This implies that in our abstract economic exchange, beautiful individuals are more likely to benefit from the trust of others.
  • However, when investigating actual behaviour, we see that beautiful individuals are neither more nor less trustworthy than anyone else.
  • In other words, trustworthiness is driven by good old individual values and personality, which are not correlated with how someone looks.

Are beautiful people more suspicious of their peers?

  • However, we might wonder who is more likely to fall prey to this bias.
  • We constructed our study such that we could also investigate this question.
  • Specifically, the participants we recruited in Lyon to make their predictions also had their photos taken.
  • We thus knew how much they were influenced by the looks of others but also how conventionally good-looking they were themselves.


Astrid Hopfensitz ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d'une organisation qui pourrait tirer profit de cet article, et n'a déclaré aucune autre affiliation que son organisme de recherche.

EQS-News: Abivax reports 2023 financial results and operational update

Retrieved on: 
Wednesday, April 10, 2024

Total number of employees at the end of December 2023 was 61 and significantly increased compared to 2022, due to the implementation of the U.S. and European operational infrastructure.

Key Points: 
  • Total number of employees at the end of December 2023 was 61 and significantly increased compared to 2022, due to the implementation of the U.S. and European operational infrastructure.
  • Cash position (including other financial assets of EUR 9.0M) at the end of 2023 was EUR 261.0M, compared to EUR 27.0M at the end of 2022.
  • A webcast will be organized on Monday, April 8, 2024, at 2:30 p.m. CEST (8:30 a.m. EST) following the announcement of the 2023 yearly results.
  • The Abivax management will give an overview of the Company’s 2023 highlights and projects going forward, followed by a live Q&A session.

First Fed Fortifies Executive Organization

Retrieved on: 
Monday, April 8, 2024

PORT ANGELES, Wash., April 08, 2024 (GLOBE NEWSWIRE) -- First Fed Bank has announced two new executive roles to foster a sharpened focus on digital and strategic initiatives.

Key Points: 
  • PORT ANGELES, Wash., April 08, 2024 (GLOBE NEWSWIRE) -- First Fed Bank has announced two new executive roles to foster a sharpened focus on digital and strategic initiatives.
  • “David is a skilled technology leader with significant knowledge and expertise in data, digital banking, payments, and innovation.
  • He brings technological depth and financial solutions expertise to lead First Fed on our digital journey,” stated Matt Deines, CEO of First Fed Bank and First Northwest Bancorp (FNWB).
  • Riffle has also been General Counsel for First Fed since 2017 and will retain his responsibilities leading the bank’s legal department.

Estonia’s First Pumped-Hydro Energy Storage Project Zero Terrain partners with the Estonian government and receives a grant of €1,9M

Retrieved on: 
Thursday, April 4, 2024

Additionally, Zero Terrain receives a grant of €1.98M from the state’s applied research programme to support Zero Terrain project development in Estonia and technology export.

Key Points: 
  • Additionally, Zero Terrain receives a grant of €1.98M from the state’s applied research programme to support Zero Terrain project development in Estonia and technology export.
  • The Zero Terrain Paldiski 500MW underground long-duration energy storage plant is a significant advancement of the conventional PHS technology, making it possible to build anywhere, even on flat land.
  • Paldiski Pumped Hydro Energy Storage plant is an EU Project of Common Interest (PCI project).
  • Estonia´s first long-duration energy storage project, Zero Terrain Paldiski, obtained the main building permits in December 2022.

Abivax reports 2023 financial results and operational update

Retrieved on: 
Tuesday, April 2, 2024

Total number of employees at the end of December 2023 was 61 and significantly increased compared to 2022, due to the implementation of the U.S. and European operational infrastructure.

Key Points: 
  • Total number of employees at the end of December 2023 was 61 and significantly increased compared to 2022, due to the implementation of the U.S. and European operational infrastructure.
  • Cash position (including other financial assets of EUR 9.0M) at the end of 2023 was EUR 261.0M, compared to EUR 27.0M at the end of 2022.
  • A webcast will be organized on Monday, April 8, 2024, at 2:30 p.m. CEST (8:30 a.m. EST) following the announcement of the 2023 yearly results.
  • The Abivax management will give an overview of the Company’s 2023 highlights and projects going forward, followed by a live Q&A session.

UpHealth Holdings Takes Steps to Enforce the International Court of Arbitration’s Final Award to UpHealth Holdings of more than $110 Million in Damages in Breach of Contract Lawsuit Involving the 2020 Purchase by UpHealth of Glocal Healthcare Systems

Retrieved on: 
Monday, April 1, 2024

Holdings, pursuant to a Share Purchase Agreement dated October 30, 2020, acquired a supermajority of the shares of Glocal in a series of transactions from November 20, 2020 to August 27, 2021 and, as the Tribunal noted, “it is incontrovertible that [Holdings] holds 94.81% of the shares in Glocal”.

Key Points: 
  • Holdings, pursuant to a Share Purchase Agreement dated October 30, 2020, acquired a supermajority of the shares of Glocal in a series of transactions from November 20, 2020 to August 27, 2021 and, as the Tribunal noted, “it is incontrovertible that [Holdings] holds 94.81% of the shares in Glocal”.
  • In particular, the Tribunal found that the Respondents “failed to give [Holdings] control of [Glocal]” after the closing of the acquisition, despite the payment in full of the acquisition consideration, and noted that the Calcutta High Court also agreed that Holdings has invested approximately Rs 2100 crores in Glocal.
  • As the ICA confirmed and validated UpHealth’s ownership of Glocal as per the lawfully executed purchase agreement, it is critically important to pursue enforcement of the Tribunal’s Final Award to recover and take control of our assets.
  • This will provide further confidence with other foreign investors to continue to invest in India in order to better the access of vulnerable populations to high quality, cost-effective healthcare services,” said Martin Beck, Chief Executive Officer of UpHealth.

NewAmsterdam Pharma Announces the Appointment of Juliette Audet as Chief Business Officer

Retrieved on: 
Monday, April 1, 2024

“We are privileged to welcome Juliette to our management team as CBO,” said Michael Davidson, M.D., Chief Executive Officer of NewAmsterdam.

Key Points: 
  • “We are privileged to welcome Juliette to our management team as CBO,” said Michael Davidson, M.D., Chief Executive Officer of NewAmsterdam.
  • Prior to joining Forbion, Ms. Audet was a principal at the Novartis Venture Fund based in Cambridge, MA.
  • She also worked at Novartis AG for their commercial division and at McKinsey and Company focusing on Pharma and Biotech.
  • She earned her M.B.A. with distinction from Harvard Business School and her M.Sc.

Kelso Technologies Inc. Financial Results for the Year Ended December 31, 2023

Retrieved on: 
Tuesday, March 26, 2024

The Company had income tax payable of $10,024 at December 31, 2023 compared to $30,626 at December 31, 2022.

Key Points: 
  • The Company had income tax payable of $10,024 at December 31, 2023 compared to $30,626 at December 31, 2022.
  • Total assets of the Company were $9,703,271 as at December 31, 2023 compared to $12,147,143 as at December 31, 2022.
  • Net assets of the Company were $8,720,248 as at December 31, 2023 compared to $10,781,672 as at December 31, 2022.
  • The Company had no interest-bearing long-term liabilities or debt as at December 31, 2023 or December 31, 2022.

Forbes Recognizes Luna as a Top-Rated Employer in its List of America’s Best Employers for 2024

Retrieved on: 
Tuesday, March 26, 2024

Out of the 3,000 companies evaluated, Luna ranked #111 overall, tenth in healthcare, and first in musculoskeletal (MSK) care.

Key Points: 
  • Out of the 3,000 companies evaluated, Luna ranked #111 overall, tenth in healthcare, and first in musculoskeletal (MSK) care.
  • “With Luna, practicing physical therapists can work on their schedules with patients in their communities, in their homes where care is accessible and more easily adhered to.
  • Luna blends expert physical therapy with convenience, offering personalized in-home care through licensed therapists via the Luna app .
  • To create the America’s Best Startup Employers list, Forbes identified 3,000 privately-held companies headquartered in the U.S. that employ more than 50 people and were founded between 2014 and 2021.

AvidXchange Announces Board Additions and Transitions

Retrieved on: 
Tuesday, March 26, 2024

CHARLOTTE, N.C., March 26, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced the appointment of two new Board members – Oni Chukwu and Arthur J. (“A.J.”) Rubado. Mr. Chukwu was elected by the Board to serve as a Class I director of the Company effective upon the resignation of Ms. Murdock. Mr. Rubado was elected by the Board to serve as Class III director of the Company effective upon the resignation of Mr. Harris. Messrs. Chukwu’s and Rubado’s terms will expire at the annual meeting of the Company’s stockholders to be held in 2025 and 2024, respectively. The appointments maintain the number of directors at nine, eight of whom are independent.

Key Points: 
  • Mr. Chukwu was elected by the Board to serve as a Class I director of the Company effective upon the resignation of Ms. Murdock.
  • Mr. Rubado was elected by the Board to serve as Class III director of the Company effective upon the resignation of Mr. Harris.
  • I wish them all the best,” stated Michael S. Praeger, Chairman and Chief Executive of AvidXchange Holdings, Inc.
    Concurrent with the aforementioned additions, AvidXchange announced that Matthew Harris and Wendy Murdock have resigned from the Board and any committees on which they served, effective March 21, 2024.
  • Both joined the AvidXchange Board, prior to the Company’s IPO, in connection with the Company’s institutional capital raises.