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Reading the room if your company throws a holiday party, I'm David Brancaccio in Los Angeles. Good morning to you. First, Some top Federal Reserve officials now have a stretch of job security. The central bank has announced that most of the presidents of the regional Fed banks have been reappointed. This is despite some Trump administration proposals to exert greater control over the Fed's regional banks. Marketplace's Nancy Marshall Genser explains the Fed.
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Announced yesterday that 11 of the 12 regional Fed bank presidents were reappointed to their jobs for new five year terms, which start March 1st of next year. The 12th Atlanta Fed President Rafael Bostic already announced he's retiring. Hiring the regional Fed presidents are appointed by each bank's board of directors and need final approval from the Fed's board of governors in Washington. They have to be reappointed by the Fed every five years. This is normally a mundane process, but recently Treasury Secretary Scott Besant said there should be a new rule, a requirement that regional Fed bank presidents have lived in their districts for at least three years. The vote to reappoint the regional bank presidents was unanimous, meaning it appears that Fed Governor Stephen Myron supported it. Served as chair of President Trump's Council of Economic Advisers until he was appointed to the Fed. He's now on leave from his White House job. I'm Nancy Marshall Genser for Marketplace, a.
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Cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion three years ago, has been sentenced to 15 years. 34 year old Do Kwon created the Terra, USD and Luna currencies. In federal court in New York yesterday, Judge Paul Engelmaier said this, quote, this was a fraud on an epic generational scale. In the history of federal prosecutions, there are few frauds that have caused as much harm as you have, Mr. Kwon. Kwon had pleaded guilty and in court apologized to his victims. He faces other charges if he eventually returns to South Korea. Some victims lost life savings in a scheme that involved artificially inflating the value of crypto assets.
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They'Re throwing a holiday party at work, part of me wants to say, just go be in the moment and enjoy. But this is Marketplace where there's always work to do. So let me also say the holiday party is a way to get a fresh read on the health of of your company. Let's talk to a consultant now who says a useful exercise is to take a moment to read the party room with a detached anthropologist's eye. Joining us is workplace culture strategist Greg Hawkes. His forthcoming book is called act like an Owner. Welcome.
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Thank you so much, David. It's a pleasure to be here.
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One thing you could look at right away, I suppose, is who shows and who leaves early.
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Absolutely. Some People just don't even bother to show up to the party. It also indicates they're not really showing up at work either. They're just physically being there, but checked out emotionally and mentally.
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Yeah. And also it would tell you something. If the top brass slinks out early, like you look up and they've ghosted you, that's not a full bore, full bodied commitment.
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Right. And from leadership, you know how it is when they show up, if they themselves gather together, which they have a tendency to do, create their own little party dynamic, it is the indicator of their separation from what's really happening in, in the work that's going on day in and day out. And so at the holiday party, there's just more evidence. And the truth is the same reverse. If leaders are engaged and they're up singing karaoke, if they're mingling around, it reveals the positive of things that are transpiring during the work week.
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The holiday party could tell you something if you have been shirking your responsibility and not showing up to the monthly all staff meetings because. Right. If it was flowing chocolate fountains last year, luge runs made of ice to chill the martinis. But this year it's a, I don't know, 12 pack of Lacroix and a sleeve of Ritz crackers. That'll tell you something. Right.
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Listen, don't forget the squeeze cheese either. You gotta have that for the Ritz crackers. It's the elevation of how much we value you or where we're at as a company. It really is revealed at the party and people are taking note. People, the employee base, the workforce is coming and they're getting even more information about what the future looks like at this present day party.
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Let's turn it to perhaps signs that you could see at a holiday party that your organization is in fact firing on all its cylinders.
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Everybody has pressure and stress, but it doesn't have to create a negative or toxic relationship base with each other. And so you're looking for laughter, you're looking for emotional vulnerability in a social setting where people are talking freely, engaging with one another, where there's the cross pollination of all departments. That's a really great sign that things are going well in the organization.
A
Yeah. And you know, it's not a venue for the boss to, you know, bring a PowerPoint and outline the strategic goals for first and second quarter of 2026. But you know, a party done right is an opportunity to reset, I guess, from the year that we're wrapping up.
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Well, certainly, I mean you're right. We don't want a presentation. We don't want a canned presentation or something that but that holiday gathering, if a leader will five minutes to express gratitude, to acknowledge people's work from the previous year, a five minute window to have a human moment of appreciation. That in itself is such an indicator and has such an impact.
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Greg Hawks is a workplace culture strategist and author of the forthcoming book act like an Owner. Greg, happy holidays.
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Thank you so much. Happy holidays to you.
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And Dear listener, what was your reaction when he raised the specter of senior management singing karaoke? Let me recast that thought. How about senior management joining with you in holiday song? I think it sounds better the second way. Our executive producer is Nancy Fargali. Our digital team includes Antoinette Brock, Emily McCune and Dylan Miettin. Our engineers are Rachel Breese and Tessa Block. In Los Angeles, I'm David Brancaccio. It's the Marketplace Morning Report. From APM American Public Media. Dear Listener, this week only you can get your very own Marketplace hoodie for half the price. Yes, it's officially half price hoodie week. They say it's soft, it's cozy, and it's our way of saying thanks when you make your year end donation a little early. Well, don't wait though. The deal ends on Friday and once it's gone, it is gone. Give now@marketplace.org or click the link in the show notes.
Episode: What the vibe of your office holiday party says your workplace
Host: David Brancaccio
Guest: Greg Hawks, workplace culture strategist
Date: December 12, 2025
Duration covered: ~04:35–08:17
This episode dives into the subtle but telling signals embedded in office holiday parties and what these festivities reveal about the health and culture of the workplace. Host David Brancaccio interviews workplace culture consultant Greg Hawks, whose upcoming book, Act Like an Owner, explores these themes. Together, they decode what to look for at your corporate holiday celebration—and what those clues say about leadership, morale, and the future of the company.
On checked-out employees:
“They’re just physically being there, but checked out emotionally and mentally.”
— Greg Hawks (05:13)
On leadership’s party behavior:
“If leaders are engaged and they're up singing karaoke, if they're mingling around, it reveals the positive of things that are transpiring during the work week.”
— Greg Hawks (06:00)
On party budget as a signal:
“It's the elevation of how much we value you or where we're at as a company. It really is revealed at the party and people are taking note.”
— Greg Hawks (06:30)
On building a healthy workplace:
“You’re looking for laughter, you’re looking for emotional vulnerability...where there’s cross pollination of all departments. That's a really great sign that things are going well in the organization.”
— Greg Hawks (06:59)
On setting the right tone:
“A five minute window to have a human moment of appreciation…That in itself is such an indicator and has such an impact.”
— Greg Hawks (07:50)
Brancaccio closes playfully, asking listeners:
The episode maintains a light, witty, and insightful tone, reflecting both host and guest’s approachable style.
This short episode offers practical advice for “reading the room” at your office holiday gathering and uncovers what those subtle signals reveal about your workplace’s leadership, morale, and financial health. Whether it's the food on offer or who’s brave enough for karaoke, it all matters.