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☆ Bankruptcies are spiking as companies lose hope of rate cuts
▼ + stars: | 2024-05-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

April saw the highest number of corporate bankruptcies in a year, S&P Global said. Eroding bets of an interest rate cut contribute to this, as burdened business throw in the towel. AdvertisementCorporate bankruptcies increased in recent months amid teetering confidence in a quick interest rate pivot. AdvertisementBy one measure, rising costs did slow when a rate cut looked likely in early 2024. But last month's stubborn inflation and slowing GDP made a Fed cut look unlikely, and yields shot up to 8.11%.

Persons: —, April's, Frances Donald Organizations: P Global, Service, Federal, ICE, Fed, Investment

☆ Home Sellers' Tough Summer: Get Ready for Lower Prices, Fewer Offers
▼ + stars: | 2024-05-08 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Rich baby boomers jumped in with all-cash offers, and sellers scored huge windfalls as weary buyers pushed prices to new heights. After all, people have to move for a wide variety of life reasons; mortgage rates be damned. "The further and further we get from the peak of the market," Peterson told me, "the harder it is to deny what's happened." Mortgage rates haven't fallen — in fact, they've gone up about 0.6 percentage points since the start of the year. "It can always be tricky telling somebody that they were just lucky because it makes you sound envious," Peterson told me.

Persons: Rich, Sellers, Eric Peterson, Peterson, Austin, Freddie, they've, Selma Hepp, Freddie Mac, Mike Simonsen, Redfin, towners, Libby Levinson, Katz, Price, Levinson, John Burns, they'll, Realtor.com, you'd Organizations: Freddie Mac, Reserve, Federal Housing Finance Agency, Altos Research, Sun, John, John Burns Research, Consulting Locations: Austin, Boise , Idaho, Denver

☆ Panera to discontinue its controversial 'charged' drinks that lawsuits linked to deaths
▼ + stars: | 2024-05-08 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The drinks were tied to at least two wrongful death lawsuits against Panera. AdvertisementPanera Bread is discontinuing its controversial, highly caffeinated Charged Sips range that was linked to at least two wrongful death lawsuits in the US. Panera currently sells two flavors of Charged Lemonade — strawberry lemon mint and mango yuzu citrus — and a blood orange "charged" splash. Two of these were wrongful death lawsuits. The company previously told BI that it thought the wrongful death lawsuits were "without merit" and that it stood by the safety of its products.

Persons: —, Panera, they're Organizations: Panera, Service, Bloomberg, CNBC, Food and Drug Administration

☆ Photos show what cave divers discovered when they swam inside an iceberg the size of Jamaica. Today, it's gone.
▼ + stars: | 2024-05-08 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +7 min

Her trip inside B-15 marked the first time anyone ever dove beneath an iceberg. Professional diver Jill Heinerth has been exploring Earth's oceans for 35 years. Once inside, Heinerth described it as "this dynamic environment that's beautiful. During their second dive inside B15, they got caught in a powerful current sucking them deeper inside the iceberg. AdvertisementSince Heinerth's dive, iceberg B15 has almost entirely melted away.

Persons: Jill Heinerth, She's, it's, Heinerth, Jill, gobsmacked, www.IntoThePlanet.com Organizations: Service, Business, Disney, WBUR, NASA Locations: Jamaica, Antarctica, B15

☆ John Leguizamo reveals he turned down Stanley Tucci's iconic part in 'The Devil Wears Prada'
▼ + stars: | 2024-05-08 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +2 min

John Leguizamo revealed that he turned down Stanley Tucci's part in "The Devil Wears Prada." AdvertisementJohn Leguizamo said that he declined what turned out to be an iconic role for Stanley Tucci — lovable art director Nigel Kipling in "The Devil Wears Prada." 'The Devil Wears Prada,' the Stanley Tucci part," Leguizamo responded. 20th Century Studios"The Devil Wears Prada" wasn't the only role that Leguizamo said he regretted turning down. "I felt dissed, and they probably weren't dissing me, but I felt dissed," Leguizamo said.

Persons: John Leguizamo, Stanley, Wears, Leguizamo, Smith, —, Stanley Tucci, Nigel Kipling, Tucci, Anne Hathaway's, Andy, Miranda Priestly, Meryl Streep, Anna Wintour, Vince Vaughn's, Brad Pitt, Angelina Jolie, Robin Williams, Williams, Sid Organizations: Service, Studios

☆ John Leguizamo on His Best Movie Roles: 'Carlito's Way,' 'Encanto'
▼ + stars: | 2024-05-07 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +11 min

Before John Leguizamo was an acclaimed writer, director, and film star, he was a young Latino actor just trying to get into audition rooms. On turning down 'Carlito's Way' multiple times and becoming a leading man(L-R) Al Pacino and John Leguizamo in "Carlito's Way." UniversalYou've spoken before about turning down "Carlito's Way" a few times before you eventually made the call to sign on. John Leguizamo as Luigi in "Super Mario Bros." (1993) Warner BrosOn doing too many 'ice movies' and feeling dissed by 'Mr. On 'Sigma male' Bruno and getting a bonus for 'Encanto'Maribel and Bruno (voiced by John Leguizamo) in "Encanto."

Persons: John Leguizamo, Leguizamo, Brando, James Dean, Shakespeare, William Goldman, Benny Blanco, Luigi, Mario, he's, He's, Al Pacino, I've, Benicio, Annabel Jankel, Rocky Morton, Mr, Smith, you've, Wears, Stanley Tucci, Robin Williams, Vince Vaughn, Sid, Sloth, Fox, —, Mike Berg, Peter Ackerman, Chris Wedge, Philip Seymour Hoffman, Ben Stiller, Ray Romano, Denis Leary, Michael Keaton, would've, hadn't, Bruno, Coco, that's, Lin, Manuel Miranda, Spike Lee, Sam, Mel Blanc, I'd Organizations: Broadway, New York Daily News, Warner Bros, Marvel, Sigma, Walt Disney Animation, Disney, Cannes, HBO Locations: Jackson Heights , Queens, Toro, Puerto Rican

☆ Panera says it is phasing out its controversial Charged Lemonade nationwide
▼ + stars: | 2024-05-07 | by ( Elizabeth Chuck | ) www.cnbc.com time to read: +5 min

Charged Lemonade from a Panera Bread Co. arranged in the Queens borough of New York, US, on Tuesday, Dec. 12, 2023. A Panera Bread spokesperson says the restaurant chain is phasing out its Charged Lemonade, a highly caffeinated beverage that has been blamed for at least two deaths in lawsuits. A spokesperson for Panera said Tuesday that the nationwide discontinuation of the Charged Lemonade comes after a "recent menu transformation." Panera previously advertised its Charged Lemonade as "Plant-based and Clean with as much caffeine as our Dark Roast coffee." Panera has since updated its nutrition information to reflect how much caffeine is in the Charged Lemonade with ice, listing the large size of the blood orange Charged Lemonade, for example, as having 302 milligrams.

Persons: Sarah Katz, Dennis Brown, Lauren Skerritt, Panera, Katz, Victoria Rose Conroy, Sarah, Brown, Elizabeth Crawford, Kline, Specter, Dennis, Lauren Organizations: University of Pennsylvania, Food and Drug Administration, NBC News, NBC Locations: Queens, New York, Florida, Rhode, Missouri, Pennsylvania, New York City, Philadelphia

☆ This year my birthday falls on Mother's Day. All I want is not to make any decisions.
▼ + stars: | 2024-05-07 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

My birthday always falls around Mother's Day, and this year it's the same day. Mother's Day. AdvertisementThis is the first year Mother's Day has fallen on my birthday since I became a mom a decade ago. While I paused, he added, "It's Mother's Day, too," and I fought the urge to roll my eyes. There's pressure to have the perfect birthday, just like there's pressure to have the perfect Mother's Day.

Persons: I'm, —, isn't, we've, He's, who's, I've Organizations: Service, Mother's, Hallmark

☆ I did cold plunges at home for a week. I felt energized and my muscles were less sore, but it wasn't worth it.
▼ + stars: | 2024-05-07 | by ( Jen Glantz | ) www.businessinsider.com time to read: +1 min

After speaking with a doctor, the benefits sounded really appealing. I bought bags of ice to make the water in my bathtub cold enough. Jen GlantzWhenever I saw a photo or video of someone about to enter a freezing-cold bathtub, I wondered why they'd endured such an activity. "If you repeatedly expose yourself to a stressor — such as cold water — in an intentional and structured way, over time, your body will create a positive response to stressors," the doctor said. The doctor said the frequency and length of a cold plunge can be left up to individual preferences.

Persons: Jen Glantz, they'd, Laura Purdy

☆ Stock spinoffs are one of the hottest trades going this year. How to participate
▼ + stars: | 2024-05-07 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Other opportunities for investors to participate in spinoffs will be coming soon. If a company spins off a company in a different sector, the new stock tends to outperform because it's likely undervalued. Winners and upcoming beneficiaries Roth MKM also recently highlighted spinoff stocks' outperformance over the past year. GE Vernova is one of its current favorite spinoff stocks — which the company said to "buy buy buy." Industrial company Esab , a Swedish-American company that makes welding and cutting equipment, is another spinoff beneficiary, according to Roth MKM.

Persons: Morgan Stanley, Todd Castagno, Wolfe, Roth MKM, Roth, Esab, Sylvamo, JC O'Hara, Baxter, Edwards Lifesciences, Edwards, — CNBC's Michael Bloom Organizations: General Electric, GE Vernova, Wolfe Research, Baxter International, Unilever Locations: Swedish, American, Enovis, Memphis, Latin America, Veralto

☆ The Trump hush money trial might be tawdry but it’s likely the only one he’ll face before the election
▼ + stars: | 2024-05-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

He learned late Tuesday afternoon that Judge Aileen Cannon, whom he appointed, indefinitely postponed a trial in his classified documents case in Florida. She told the jury Tuesday about a $130,000 hush money payment she received from Cohen before the 2016 election. But prosecutors allege Trump falsified business records to hide it and to mislead voters in an early bout of election interference. The judge complained that the ex-president was “cursing audibly” during Daniels’ testimony and was shaking his head. “Am I correct that you hate President Trump?” Necheles asked.

Persons: CNN —, Stormy Daniels, Donald, —, he’s, Trump, scowling, Daniels, Aileen Cannon, Ty Cobb, Cannon, ” Cobb, CNN’s Erin Burnett, Cannon’s, Trump’s, it’s, Michael Cohen, Cohen, He’s, “, Donald Trump, Norm Eisen, CNN’s Wolf, Judge Juan Merchan, audibly ”, ”, Todd Blanche, Jeremy Herb, Merchan, Susan Necheles, Necheles, ” Necheles, ” Daniels, ‘, Let’s, ’, Daniels —, Eric Trump, ” Trump Organizations: CNN, White, Trump, White House, ” Locations: Florida, Lake Tahoe

☆ Oil nudges higher after Saudi Arabia hikes prices
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +2 min

Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region. Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29 cents, or 0.4%. Saudi Arabia raised the official selling prices, or OSPs, for its crude sold to Asia, Northwest Europe and the Mediterranean in June, signaling expectations of strong demand this summer. This comes after Saudi Arabia raised June OSPs for most regions amid a tightening of supplies this quarter, he added. The geopolitical risk premium in oil prices has also eased as talks for a Gaza ceasefire are underway.

Persons: ICE Brent, Warren Patterson, OSPs, Brent, Benjamin Netanyahu, Baker Hughes Organizations: Brent, U.S, West Texas, ICE Locations: Saudi Arabia, Gaza, Israel, Asia, Northwest Europe

☆ More Americans are feeling a six-figure salary can't afford them a middle-class lifestyle
▼ + stars: | 2024-05-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a middle-class lifestyle . The big storyMiddle-class meltdownMichael Raines"Lately, I'm getting the feeling that I came in at the end. AdvertisementBusiness Insider's Jennifer Sor has a report on the people making over six figures who think the middle-class lifestyle they dreamed of isn't realistic for their salary . AdvertisementMarco Bottigelli/Getty, Yevgen Romanenko/Getty, Maskot/Getty, Tyler Le/BILet's address the elephant in the room: A six-figure salary is still a lot of money. Words like "AI Infrastructure" and "generative AI" point to more money heading to Nvidia for its popular H100 GPU chip.

Persons: —, Michael Raines, I'm, It's, Tony Soprano bemoaned, Jennifer Sor, Vincent, it's, Marco Bottigelli, Yevgen Romanenko, Tyler Le, Jenny Chang, Rodriguez, Warren Buffett, Buffett, Shruti Gandhi, Dalton Caldwell, James Cham, Hemant Taneja, Jenny Lefcourt, Nick Little, Sam Altman, Alice Zhang, Serena Williams, Jack Dorsey, Dorsey, — Dorsey, Bluesky, Alyssa Powell, Katie Notopoulos, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Pew Research Center, nab, Adobe, Wall, Hamptons, Nvidia, Genomics, Serena Ventures, Fortune, Starbucks Locations: New York, Zillow, Santa Barbara , California, Berkshire, Bluesky, London, Chicago

☆ I started a business with my mom right out of college and we've grown it to 7 figures in revenue. I've never had a real job, and I love being my own boss.
▼ + stars: | 2024-05-06 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . After graduating with a psychology degree in 2010, I went into business with my mom, Ann Lightfoot. What started as a mother-daughter duo organizing closets and hauling trash has turned into a successful business with 14 employees. Clients started pouring in.

Persons: Kate Pawlowski, Ann Lightfoot, Pawlowski, —, It's, I've, Lightfoot, Julia D'Agostino, We've, we've, Decluttering Organizations: Service, Facebook Locations: Montclair , New Jersey, New York

☆ When my husband was laid off, we tried to reassure our kids everything would be OK. Meanwhile, I wasn't so sure.
▼ + stars: | 2024-05-05 | by ( Liz Alterman | ) www.businessinsider.com time to read: +7 min

Unintentionally, they sat on the living room couch in order of age from left to right: Sam, Ben, Charlie. Sam and Charlie both had chocolatey brown hair like Rich and chestnut eyes while Ben was all vanilla with blond hair and light blue eyes. Our kids had a hard time understanding what had happened"So, wait, wait, Dad was fired?" "I just mean the group I was part of decided that they don't need as many people anymore," Rich said. Sam and Ben dashed to the kitchen with Charlie on their heels, ever the little brother.

Persons: —, Ben, Charlie, Rich, I've, Dad, Charlie giggled, Sam, he'd, I'd, who'd, they'd, He'd, dibs, Liz Alterman Organizations: Service, Business, Sad, Vine Leaves Press

☆ I shopped at Whole Foods for the first time in 12 years, and it reminded me why I stopped going in the first place
▼ + stars: | 2024-05-05 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +5 min

I stopped shopping at Whole Foods in 2012, but recently went back to see if anything had changed. I eventually realized that other supermarkets better supported my shopping habits and lifestyle, and I stopped going to Whole Foods in 2012. Now, I can easily visit Wegmans for plant-based foods and shop at Safeway for milk alternatives or locally-produced ice cream, so Whole Foods no longer stands out. I found the prices at Whole Foods to be expensiveSmall snacks and produce at Whole Foods are usually more expensive than at other supermarkets. AdvertisementI did see products from the 365 label, Whole Foods' house brand, that were cheaper than similar items at the store.

Persons: —, I've, Jamie Davis Smith, gelato, what's, I'm Organizations: Foods, Service, Amazon, Safeway, Whole Foods Locations: Washington ,

☆ Opinion: The destruction of Gaza isn’t just physical. It’s psychological as well
▼ + stars: | 2024-05-05 | by ( Opinion Arwa Damon | ) edition.cnn.com time to read: +12 min

A child shrieks in pain in a medical tent at a field clinic in southern Gaza. It is the psychological obliteration: What makes the trauma different in Gaza is the sheer constancy of it. Trauma compounds trauma every single day; there is no respite, not even a brief one. Death and destruction are not unique to the war in Gaza, but the scale and the scope are, as is the intensity and ferocity. Arwa Damon leads an activity with children at one of the shelters where INARA provides services in southern Gaza.

Persons: Arwa Damon, Arwa Damon CNN I’m, We’re, I’ve, “, you’ve, she’s, mumbling, — “, it’s, won’t, Ahmed, ”, doesn’t, Benjamin Netanyahu, Netanyahu, Israel, ” Damon, Gazans, he’s, He’s Organizations: CNN, International Network for Aid, Relief, INARA, Twitter Locations: Gaza, Iraq, Syria, Libya, Afghanistan, Egypt, Israel, Rafah, Cairo, people’s

☆ Sweet Tea-Brined Roast Chicken for Sunday Supper
▼ + stars: | 2024-05-05 | by ( Sam Sifton | ) www.nytimes.com time to read: +1 min

I made sweet tea and drank it over an enormous amount of ice, on the stoop, marveling at how sometimes sweet tea is the best tea, even if you usually drink tea straight, no sugar, with not even a lemon to counter the tannins. Sweet tea is reckless tea, unhealthy tea, a liquid candy bar, not something to drink every day. But it has its place, and I made enough of it so I could use the leftovers as a brine for Millie Peartree’s luscious roast chicken (above). Combine the tea with a big handful of Cajun seasoning and marinate chicken legs in it all day. Baste with the juices and serve with baked sweet potatoes, oh my.

Persons: Millie Peartree’s, It’s

☆ We need to talk about whatever's happening with Starbucks' drinks
▼ + stars: | 2024-05-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Whatever is happening on the Starbucks menu right now is making me feel like I'm a senior citizen. AdvertisementThe rise of complicated, multi-ingredient sweet drinks has coincided with the rise in popularity of the Starbucks app, accelerated by the start of the pandemic in 2020 when many locations couldn't take walk-in orders. I tried the newer Starbucks drinks myselfMy Oleato Golden Foam Iced Shaken Espresso with Toffeenut drink, which was 360 calories and tasted like coffee ice cream. Katie Notopoulos / Business InsiderI acknowledge I'm a bit of a crank when I say: The Starbucks menu is out of control. (I should note here that my grande iced drink was 360 calories, which does seem like a dessert treat rather than a morning coffee.

Persons: —, anyone's, It's, lattes, chino, Lindsey Wasson, Katie Notopoulos, slurped Organizations: Service, Business, AP Locations: TikTok, chino

☆ One of Mt. Everest's deadliest passages is growing even more treacherous
▼ + stars: | 2024-05-04 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

A 1.6-mile stretch of slowly cascading ice just above Base Camp called the Khumbu Icefall. The Khumbu Icefall looks like a frozen waterfall. They're called the Icefall Doctors, and this year, they delayed Everest's climbing season by 12 days due to unsafe conditions on the Khumbu Icefall. Between 1953 and 2019, 45 people lost their lives on the Khumbu Icefall. Everset's history, 15 of the 18 total deaths were caused by acute mountain sickness, falls, and disappearances.

Persons: They're, Paul Mayewski, Mount, climatologist, Olaf Rieck, Alan Arnette, Mayewski, Jason Maehl, there's, Arnette Organizations: Service, Business, Mount Everest, University of Maine, Wikimedia, Everest, AMS Locations: Everest, Everest's, Mt

☆ Patience wears thin at ABC News as frustrated staffers wonder when Disney will make leadership changes
▼ + stars: | 2024-05-03 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

After the meeting concluded, a person familiar with the situation told CNN that Godwin was simply at a prescheduled doctor’s appointment. Regardless, the rampant speculation her absence spurred spoke to the apprehension of staffers, who are thirsty for change and whose patience is wearing thin. Bob Iger is known to pay special attention to ABC News and OConnell wouldn’t have been appointed had Disney brass not felt it necessary. “She knew it was bad, but I don’t think she knew how bad it was,” a network insider told CNN. It’s now up to OConnell to dig ABC News out of the ditch and infuse it with its old swagger.

Persons: Kim Godwin, Godwin, Debra OConnell, Greg Doherty, Bob Iger, OConnell, Akin, Chris Licht’s, It’s Organizations: New York CNN, ABC, CNN, Disney, ABC News Locations: New York, Burbank

☆ 4 ingredients to level up your pasta recipes
▼ + stars: | 2024-05-03 | by ( Karla Walsh | ) edition.cnn.com time to read: +12 min

With “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People,” “I hope that people realize that there’s so much more than they can and should be putting on pasta,” Pashman said. Substitute 3 tablespoons prepackaged toasted rice powder for the 1 teaspoon oil and ¼ cup rice and skip step 1. In a large heatproof bowl, combine the shallots, ¼ cup cilantro, ¼ cup mint, scallions, chili flakes and sugar. Heat the remaining ¼ cup oil in the reserved skillet over high heat until just starting to smoke. Recipe adapted from “Anything’s Pastable: 81 Inventive Pasta Recipes for Saucy People” by Dan Pashman.

Persons: Dan Pashman, ”, Pashman, “, Harper Collins, ” Pashman, Alla, they’re, Pepe Chili Crisp, He’s, e pepe, Gan Ma, Jing, Dan Liberti, Caesar, Skip, James Park, Chili Crisp, Dan Liberti Dan Pashman’s Larb, browning, Karla Walsh, William Morrow Organizations: CNN, ”, Saucy, Ritz Crackers, Ritz, Sporkful, HarperCollins Publishers Locations: Italy, African, America, Thai, Des Moines , Iowa

☆ I'm a 63-year-old ultra-runner. I eat gut-friendly foods and wake up between 4 and 5 a.m.
▼ + stars: | 2024-05-03 | by ( Melissa Noble | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with John Salton, a 63-year-old vegan ultra-runner from Bright, Australia. I took up running 10 years ago, and now, at 63 years old, I'm an ultra-runner. I start being more intentional about the way I breathe, the water I'm drinking, and the food I'm eating. When I'm running in the mountains, it feels like a meditation. I look for a really good miso that's been fermented for several years.

Persons: —, John Salton, I've, Brett Haynes, that's, John Salton I'm Organizations: Service, Business Locations: Bright, Australia, miso

☆ Milan said it would ban ice cream on the streets after midnight. After a fierce backlash, it backed down.
▼ + stars: | 2024-05-02 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Milan has reversed a proposal to ban late-night sales of ice cream after a fierce public backlash. Late-night ice cream is a traditional treat for many Milanese. AdvertisementThe Italian city of Milan has U-turned on a controversial proposal to ban the sale of ice cream after midnight, according to multiple reports. It's not the first time Milan has tried to bring an ice cream ban into law. AdvertisementIn 2013, city officials tried and failed to ban late-night ice cream, local paper Corriere della Sera reported at the time.

Persons: Milan, —, Marco Granelli, Marco Barbieri, Sera, Alessia Cappello Organizations: Milanese, Service, Sky, Sky News, Guardian Locations: Milan, Porta Venezia, Venice

☆ ABC News president Kim Godwin in hot water as Disney-appointed boss conducts review
▼ + stars: | 2024-05-02 | by ( Oliver Darcy | ) edition.cnn.com time to read: +3 min

New York CNN —ABC News President Kim Godwin is skating on thinner and thinner ice. OConnell, according to people familiar with the matter, has been astonished by Godwin’s management — or lack thereof — at the network. “She has to take swift moves,” a person familiar with the inner workings of ABC News candidly told me of OConnell. Those lieutenants include Stacia Deshishku, executive editor and senior vice president; Derek Medina, executive vice president; and Jose Andino, vice president of the office of the president and process management. As OConnell’s not-so-subtle evaluation has played out at ABC News, Godwin has privately voiced displeasure about being layered away from Iger and bemoaned Disney’s micromanagement, CNN was told.

Persons: Kim Godwin, Debra OConnell, OConnell, Godwin, Galen Gordon, Jonathan Greenberger, Bob Iger, tepidly, ”, Stacia, Derek Medina, Jose Andino, OConnell’s, Disney’s micromanagement Organizations: New York CNN, ABC, Disney, ABC News, POLITICO, CBS, “, CNN Locations: New York, Burbank, Washington, Iger

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