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Ramon Laguarta, chief executive at PepsiCo, said in an interview at Davos that while inflation in agriculture is still a challenge, his company is more agile and skilled at optimization after responding to the Covid-19 pandemic. DAVOS, Switzerland—CEOs and business leaders gathered at the World Economic Forum are feeling increasingly confident about the U.S. economy and the strength of consumer demand, despite protracted conflicts around the world, a looming U.S. election and worries about new trade disruptions. The dueling sentiments on display this week reflect hopes of a so-called soft landing in the U.S., as inflation cools and the labor market remains strong. Many leaders also expect the Federal Reserve to lower interest rates this year, potentially opening up more dealmaking and spending.
Persons: Ramon Laguarta Organizations: PepsiCo, Federal Reserve Locations: Davos, DAVOS, Switzerland, U.S
For a master class in power networking, it’s tough to beat the one taking place in the Swiss Alps this week. The annual World Economic Forum brings the planet’s power brokers together for morning-to-past-midnight meetings over coffee, cocktails and fondue. For the thousands of CEOs, billionaires, intellectuals and world leaders descending on Davos, the setting is unrivaled in its potential to spark relationships, dealmaking and big ideas for the year ahead. After all, there are few other places where you can run into Al Gore at the hotel bar and wait next to Bill Gates to pass through the metal detectors.
Persons: Al Gore, Bill Gates Locations: Swiss, Davos
For years, the Lauder family hosted the annual meeting for shareholders of their cosmetics giant at the elegant Essex House overlooking the southern edge of New York’s Central Park. In a scene that looked more like a wedding than a corporate meeting, attendees would nibble on gourmet pastries and tropical fruit and leave with goody bags filled with face-cream samples, perfumes and lipsticks.
Persons: Lauder, goody Locations: Essex, New
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Persons: Dow Jones Organizations: harvard
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Persons: Dow Jones, 22b665d8 Organizations: walgreens
Theo FrancisTheo Francis covers corporate news and executive compensation for The Wall Street Journal from Washington, D.C. He specializes in using a wide range of data as well as securities filings and other publicly available documents to write about complex financial, business, economic, legal and regulatory issues. Theo joined WSJ's Texas Journal edition in Dallas in 2000 and went on to cover mutual funds, pensions, insurance, hospitals and the healthcare industry for the Journal from New York and Florida. He covered financial regulation and the financial crisis from Washington for BusinessWeek in 2008 and 2009. He has taught journalism at the University of Maryland and is a graduate of the University of Illinois and the Columbia University Graduate School of Journalism.
Persons: Theo Francis Theo Francis, Theo Organizations: Wall, WSJ's Texas, BusinessWeek, Petersburg, New York Times, National Public Radio, Bloomberg News, Arkansas Democrat, University of Maryland, University of Illinois, Columbia University Graduate School of Journalism Locations: Washington ,, Dallas, New York, Florida, Washington, Petersburg , Alaska, Arkansas
Emily Glazer — Reporter at The Wall Street Journal
  + stars: | 2023-09-22 | by ( Emily Glazer | ) www.wsj.com   time to read: +1 min
Emily GlazerEmily Glazer is a reporter focusing on large public company CEOs, board members and corporate governance for The Wall Street Journal's corporate bureau in New York. Her stories often delve into companies going through major changes, such as CEO succession, board shakeups, regulatory investigations or structural shifts. She has covered the evolving role of business leaders impacted by the pandemic and Environmental, Social and Governance factors. Emily also contributes to the Journal’s Personal Board of Directors columns and CEO Council events. Emily has reported for Dow Jones since 2008 in New York, San Francisco and Los Angeles.
Persons: Emily Glazer Emily Glazer, Emily, Morgan Chase, Wells, George Polk, Gerald Loeb, Dow Jones Organizations: The, Social, Procter, Gamble, New York Press Club, News Media Alliance, Society of American Business, Facebook, Business, Beat, Public Service, Medill School of Journalism, Northwestern University Locations: New York, Wells Fargo, Avon, Herbalife, San Francisco, Los Angeles
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/tech/justice-department-probe-scrutinizes-elon-musk-perks-at-tesla-going-back-years-3493e321
Persons: Dow Jones, 3493e321
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Persons: Dow Jones, melinda
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Persons: Dow Jones
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Persons: Dow Jones
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Persons: Dow Jones Organizations: elon
Some people who sought jobs at billionaire Bill Gates ’s private office described going through an extensive screening process that included being questioned by a security firm about their sexual histories, past drug use and other parts of their private lives that might indicate they were vulnerable to blackmail.
Persons: Bill Gates ’
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Persons: Dow Jones, epstein Organizations: jpmorgan
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Persons: Dow Jones Organizations: verizon
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Lyft shares have slid close to 70% over the past 12 months. Photo: Al Seib/Los Angeles Times/Getty ImagesLyft Inc. plans to cut 1,200 or more jobs in a new round of layoffs as the ride-sharing company aims to reduce costs, according to people familiar with its plans. The latest cuts could impact 30% or more of Lyft’s more than 4,000 employees, the people said, and the company had planned to announce the move after a board meeting next week. The cuts could help Lyft slash 50% of its costs, some of the people said. Lyft doesn’t count its drivers as employees.
Lyft Inc.’s leadership change this week followed months of discontent among some employees over the company’s shrinking market share and stock price. As the ride-share company has struggled with competition from Uber Technologies Inc., some people within the company had been questioning the leadership of its co-founders—Chief Executive Logan Green and President John Zimmer —for months. Some investors and stock analysts also had urged change.
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Lyft Inc., grappling with competition and a battered stock price, is tapping a board member as its chief executive, and its two co-founders will step back from managing the company, the ride-sharing company said Monday. David Risher , who had management stints at Amazon.com Inc. and Microsoft Corp. before starting a childhood-reading nonprofit in 2009, will take over from Logan Green , who co-founded Lyft with current President John Zimmer . The pair will retain their seats on the board but not participate in running Lyft day-to-day.
McDonald ’s Corp. on Friday said it is planning to make “difficult” decisions about changes to its corporate staffing levels by April, as part of a broader strategic plan for the burger chain. McDonald’s plan to trim or reorganize corporate staff comes as the company said it would expand its business globally, including through new and more types of restaurants.
Melinda French Gates Adjusts to a New, Solo Role
  + stars: | 2023-01-06 | by ( Betsy Mckay | Emily Glazer | ) www.wsj.com   time to read: 1 min
Melinda French Gates met recently with a group of fellow philanthropists to stress a need to cure what she calls one of America’s greatest ills. “We have to fix this country’s broken caregiving system,” Ms. French Gates said to the virtual session in November with wealthy people who have signed the Giving Pledge, promising to donate more than half of their fortunes to charitable causes. Philanthropy and new policies are needed, she said, “if we want to see more women unlock real power in their lives.”
After the Jan. 6 Capitol riot, Facebook parent Meta Platforms Inc. said it wanted to scale back how much political content it showed users. The company went further than almost anyone knew. The results of the effort are gradually reshaping political discourse on the world’s biggest social-media platform, even though the company backed off the most aggressive approach: hitting the mute button on all recommendations of political content.
After the Jan. 6 Capitol riot, Facebook parent Meta Platforms Inc. said it wanted to scale back how much political content it showed users. The company went further than almost anyone knew. The results of the effort are gradually reshaping political discourse on the world’s biggest social-media platform, even though the company backed off the most aggressive approach: hitting the mute button on all recommendations of political content.
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