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   DealBook: The end of vacation?
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   About half of Americans aren’t using all of their paid time off.
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             May 27, 2023
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             The end of vacation?
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             Summer vacation season is here. But if you’re like a surprising number of Americans, you’re probably leaving some paid time off on the table. Among workers whose employer offers paid vacation or leave, 46 percent said they typically took less time off than was offered,
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              a recent Pew survey
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             found. Here’s why:
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               They don’t feel they need to take more time off (52 percent).
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               They worry about falling behind at work (49 percent).
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               They feel bad about having co-workers take on additional work (43 percent).
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               They think taking more time off might hurt their chances for career advancement (19 percent).
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               They think they might risk losing their job (16 percent).
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               Their manager discourages taking time off (12 percent).
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             Decisions that leaders make about work culture most likely play into several of these reasons, such as a fear of being retaliated against or missing a promotion. And worry about leaving co-workers with extra work could be more intense on a team that is poorly managed or understaffed.
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             At the same time, the most popular reason cited for not taking all the available paid time off is that workers don’t feel they need to.
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             And many people keep working when they are technically “off.” Fifty-five percent of respondents said they checked work emails and messages outside work hours “extremely often,” “often” or “sometimes.”
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             Employees do seem to value having paid time off available. In the Pew survey, 89 percent of all workers said it was “extremely” or “very” important that their job provide paid time off for vacations, doctor appointments and minor illnesses, with more people selecting the “extremely important” category than for employer-sponsored health insurance or an employer-sponsored retirement program.
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              DealBook wants to hear from you:
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             Do you use your vacation time? Do you encourage your employees to use their vacation time? Why or why not? Let us know at
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             On Thursday, Microsoft became the latest tech company to
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              propose regulations for artificial intelligence
             </a>
             . It wants an “emergency brake” for systems used in critical infrastructure and labels that make it clear when an image or video was produced by a computer. Earlier in the week, Google’s chief executive, Sundar Pichai, committed to
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              a voluntary “A.I. pact”
             </a>
             with other firms to develop A.I. responsibly ahead of looming regulations in Europe.
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             Family drama
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             HBO will release its
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              last episode of “Succession”
             </a>
             on Sunday. The show has only about
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              eight million viewers
             </a>
             per episode, but it has racked up publicity, awards and critical accolades, and those are valuable to HBO as it battles Hulu, Amazon and Netflix for subscribers.
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             Show makers like to repeat past successes. Which means they are no doubt looking for their next story about a high-stakes family business. The fictional Roy family in “Succession” bears an uncanny resemblance to the Murdoch family. But the business world has no shortage of dynasties awash in wealth, strife and fabulous clothes. Here are our suggestions.
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             <span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
              The Arnaults.
             </span>
             Bernard Arnault, the 74-year-old chairman of the world’s largest luxury company (and the world’s richest person), has been carefully planning for how to pass on the baton,
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              dividing up key roles
             </a>
             in the LVMH Moët Hennessy Louis Vuitton empire among his five children.
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             Like “Succession,” the show would have to save at least one episode for a magnificent European wedding, in this case inspired by Alexandre Arnault’s nuptials in
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              Venice
             </a>
             , where invited guests included Beyoncé, Jay-Z and Kanye West. A scene inspired by the glitzy reopening of Tiffany after LVMH bought the brand in a
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              turbulent acquisition
             </a>
             would be an excellent season finale.
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             <span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
              The Sacklers.
             </span>
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              The family behind Purdue Pharma
             </a>
             , whose opioid painkiller, OxyContin, initially dominated the market, has
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              fractured
             </a>
             during the financial and societal fallout from the company’s role in the opioid crisis. Scenes could include a withering
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              congressional inquir
             </a>
             y and members of the family walking into an equivalent of the Sackler wing of the Metropolitan Museum of Art
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              after it has been stripped of their name
             </a>
             .
            </p>
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             <span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
              The Maras.
             </span>
             The family that owns the New York Giants split into two factions. Wellington Mara, his wife and 11 children were on one side. On the other was Wellington’s nephew, Tim Mara. Show credits could feature the
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              Venetian blind
             </a>
             that reportedly divided their stadium luxury suites at the height of their tension. The series would end in 1995 when Tim Mara, lacking any other recourse,
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              sold his stake
             </a>
             in the team.
            </p>
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             <span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
              Honorable mentions:
             </span>
             These family business dramas could sustain,
             <span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
             </span>
             if not multiple seasons of a show, at least an eight-episode mini-series:
            </p>
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       </div>
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           <td style="padding:0 0 5px">
            <ul class="css-27qc8p" style="color:#000;font:20px georgia,serif;text-align:left;padding-left:50px;list-style-type:square;margin-bottom:10px">
             <li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px">
               <span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
                The Safras
               </span>
               . Joseph Safra, one of the world’s richest bankers, left one son, Alberto, out of his will. This year, more than two years after Joseph’s
               <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                death
               </a>
               in 2020, Alberto
               <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                sued two of his brothers and his mother
               </a>
               , arguing that they were trying to push him out of his father’s company.
              </span>
             </li>
             <li class="css-11scvta" style="line-height:27.5px;margin:0 0 10px 0">
              <span style="font-size:17px;line-height:25px">
               <span style="font-weight:700;font-size:inherit;font-family:arial,sans-serif">
                The Kushners.
               </span>
               A family feud between the real estate executive Charles Kushner and his brother-in-law over business
               <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                helped land Charles in jail
               </a>
               . One of his sons became the son-in-law to former President Donald Trump, then
               <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                raised billions
               </a>
               from the Saudis. The other
               <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
                opened a high-power venture fund
               </a>
               and married a model.
              </span>
             </li>
            </ul>
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            <h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
             Phrase of the week: Stealth wealth
            </h2>
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               <td align="center" style="width:100%;padding:0;line-height:1;text-align:center" width="100%">
                <img class="css-17i7zb3" src="https://inboxflows.com/_/image/https%253A%252F%252Fstatic01.nyt.com%252Fimages%252F2023%252F05%252F27%252Fbusiness%252F27DB-VACATION-2%252F27DB-VACATION-2-jumbo.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdGF0aWMwMS5ueSJ9:1q2seQ:EbY0gtcuZ0YT1GwGNF0wWbi1HKpSymn_HQ7PsNv83Gw" style="width:83%;max-width:500px;display:inline-block;height:auto;padding-top:15px;padding-bottom:0;line-height:0" width="500"/>
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                <span class="css-bcxqfb" style="width:83%;max-width:500px;display:inline-block;text-align:right">
                 <span class="css-2zlgwg" style="margin:0;font:normal 12px georgia,serif;color:#666">
                 </span>
                 <span style="margin:0;font:normal 11px georgia,serif;padding-left:0;color:#888;letter-spacing:.01em">
                  Claudette Barius/HBO
                 </span>
                </span>
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             The rich really are different. Unlike those who aspire to look luxe, the truly moneyed
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              signal their taste subtly
             </a>
             . Or that’s the idea underlying “
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              stealth wealth
             </a>
             ,” the muted 2023 fashion trend exemplified by the wardrobes of “Succession.” There are no logos, flashy designs or bright colors, no cries for attention — just
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              seemingly simple
             </a>
             neutral and navy items, exorbitantly priced, ostensibly for the high-quality materials and craftsmanship.
            </p>
           </td>
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         </tbody>
        </table>
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             If you can’t guess the designer of a
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              $500 baseball cap
             </a>
             or a $5,000 suit — and wouldn’t think to, frankly, because they’re plain — the wearer’s mission is accomplished. And if you can spot “
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              quiet luxury
             </a>
             ,” as it’s also called, you’re discerning, part of the inner circle, a fraction of the tastefully fashionable few who can spot a needle in a haystack or $1,500 ballet flats by their resemblance to socks.
            </p>
           </td>
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         </tbody>
        </table>
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             Presumably, you’re too cool to make the mistake of one interloper on the show, carrying a “
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              ludicrously capacious
             </a>
             ” bag that was pricey but accidentally highlighted her outsider status with its bold Burberry trademark check and size. The stealthily wealthy may be burdened by their fortunes, but they appear to travel light, swathed in beiges, blacks and grays by designers like Ferragamo, Bottega Veneta, Loro Piana, Brunello Cucinelli, Hermes, the Row and Max Mara.
            </p>
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           </td>
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        </table>
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            <h2 class="css-12n1aic" style="color:#000;font:700 25px/32px arial,sans-serif;margin:0 0 10px">
             Flight delayed? Get paid: DealBook readers respond
            </h2>
           </td>
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         </tbody>
        </table>
       </div>
       <div style="margin:0 auto;max-width:600px;width:100%">
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             Airlines and government officials hope to avoid flight delays and cancellations this summer as the number of air travelers threatens to
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              eclipse prepandemic levels
             </a>
             . In a previous newsletter, DealBook reported that
             <a class="css-5nb5nb" style="color:#286ed0;-webkit-text-decoration:underline;text-decoration:underline;font-family:inherit;font-size:inherit">
              President Biden wanted airlines to compensate passengers for these types of disruptions
             </a>
             , and we asked you to share your thoughts.
            </p>
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            <p style="color:#000;font:normal 17px/25px georgia,serif;margin:0 0 15px">
             In roughly half of the three dozen emails that DealBook received on the matter, readers expressed support for the measure, saying the time had come for U.S. travelers to get the same kinds of protections afforded consumers in Canada and the European Union.
            </p>
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