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The popular image of small-business owners in their 20s and 30s as mostly interested in making a fast buck and moving on might be just a myth.
A survey released by Wells Fargo & Co. portrays people in that age group, commonly known as millennials, as generally serious about being long-term business owners — 80 percent of the young owners surveyed said they want to build a company over many years and maybe pass it on to their children. And nearly 60 percent don’t have kids yet.
The survey questioned 500 business owners age 19 and older. It found that quality of life was a big driver in millennials becoming business owners. Eighty-two percent said being able to control their future was a top reason why they started a company. Nearly three-quarters wanted more flexibility in when, where and how they work.
Arbitration sought in Fox harassment suit
Lawyers for Fox News Chairman Roger Ailes filed a motion Friday arguing that the sexual harassment lawsuit filed against him by a former anchor, Gretchen Carlson, should be moved from New Jersey Superior Court to federal court and submitted for arbitration.
Ailes’ lawyers said Carlson’s suit was a breach of her contract. The contract, they said, included a confidentiality agreement stipulating that any disputes should first go into arbitration.
The motion was filed Friday in a federal court in Newark, N.J.
Carlson’s lawyers said Ailes was trying to force the case into a secret proceeding, away from the public spotlight.