Walt Disney’s board replaced Chief Executive Bob Chapek with Robert Iger, the company’s former chairman and CEO who had left at the end of last year. Disney’s stock price shot up in premarket trading.
November 20, 2022Erin SlifkaComments Off on Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of the year. “I can’t give the way I want to this year.”
Add rising interest rates to the challenges small businesses are already grappling with, including inflation, labor shortages and strained supply chains.
Elizabeth Holmes, convicted of defrauding investors in blood-testing company Theranos, was sentenced to 135 months in prison, capping the extraordinary downfall of a onetime Silicon Valley wunderkind.
November 19, 2022Erin SlifkaComments Off on They Lived Together, Worked Together and Lost Billions Together: Inside Sam Bankman-Fried’s Doomed FTX Empire
The emerging picture of what went wrong suggests the crypto empire was a mess almost from the start, with few boundaries, financial or personal.